January 2026 industry analysis shows that thermoplastic vulcanizate (TPV) consumer market is growing rapidly due to its unique properties. TPV forms a sea-island structure by melting and blending rubber particles with plastic, combining thermoplastic processability and rubber elasticity. It is weather-resistant, heat-resistant (-60~140℃) and recyclable. Despite shortcomings like poor wear resistance and high price, it is widely used in multiple fields. By the end of 2025, global TPV consumption reached 750,000 tons. China, as the world's largest consumer, accounted for 48% with nearly 400,000 tons of consumption. The automotive sector accounts for 58% of applications, and the development of new energy vehicles is driving TPV usage per vehicle to 6-8kg. Currently, China's TPV production capacity exceeds 380,000 tons, with over 600,000 tons of planned projects, as Dawn Group, Wanhua Chemical and other enterprises actively layout. The future will focus on high-performance upgrading, green manufacturing and recycled product R&D to further promote industry development.

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