Report Overview
TPV (Thermoplastic Vulcanizates) and TPO (Thermoplastic Olefins) are thermoplastic elastomers used in the automotive industry, particularly for automotive interior skin applications. These materials offer excellent mechanical properties, including impact resistance, flexibility, and resistance to temperature fluctuations. They can be injection molded, extruded, or thermoformed into a wide range of shapes and sizes, making them ideal for use in automotive interior components such as dashboards, door panels, and center consoles.
The major global manufacturers of TPV/TPO for Automotive Interior Skin include Mitsui Chemicals, LyondellBasell Industries, Teknor Apex, Celanese, Mitsubishi Chemical, Dow, Borealis, Sumitomo Chemical, and RTP Company, etc. In 2023, the world's top three vendors accounted for approximately 27.23% of the revenue.
Market Analysis
The global TPV TPO for Automotive Interior Skin Market was valued at US$ 778.14 million in 2023 and is anticipated to reach US$ 1,004.71 million by 2030, witnessing a CAGR of 3.74% during the forecast period 2024-2030.
North American market for TPV/TPO for Automotive Interior Skin is estimated to increase from $ 174.23 million in 2023 to reach $ 210.97 million by 2030, at a CAGR of 3.01% during the forecast period of 2024 through 2030.
Regional Analysis
North America
Europe
Asia-Pacific
South America
Middle East & Africa
Competitor Analysis
Market Segmentation
By Application:
By Type:
Passenger Car Commercial Vehicle
