Increasing thermoplastic vulcanizates demand in automotive component production is anticipated to remain the key driving factor for regional market growth over the forecast period. The China Thermoplastic Vulcanizates (TPV) Market is anticipated to reach USD 430.5 million by 2024, according to a new report by Grand View Research, Inc. Increasing policy formulation by environmental protection agencies and governments across the globe to reduce carbon emission through improved fuel efficiency has compelled manufacturers to inculcate plastics as substitute alloys and metal in major automotive applications. Rising consumer predilection for advanced and light weight passenger cars is expected to drive innovation and R&D in the regional automotive industry. Such factors have driven polymer consumption in automotive applications and are anticipated to fuel TPV demand. However, thermoplastic vulcanizates exhibit excellent physical and chemical properties in comparison to thermoset