Thermoplastic Polyolefin (TPO) Market for Automotive, Building & Construction, Home Appliances, Medical, Industrial, Footwear, and Other Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2016 – 2022

Global thermoplastic polyolefin market is expected to reach USD 3.7 billion in 2022, growing at a CAGR of 7.1% between 2016 and 2022.

10-Aug-2017 | Number of pages: 110 | Report Code: ZMR-2040 | Report Format : | Status : Published


Thermoplastic polyolefin (TPO) is the most widely used product in the thermoplastic elastomer family. TPO possesses properties of rubber as well as plastic and is used to handle applications which require functions of both thermoplastics and elastomers for better functioning. TPO has the lowest specific gravities as compared to other thermoplastic elastomers. It is widely used in the production of roofing membrane systems and in the building & construction industry for door panels. It is employed in instrument panels, automotive bumpers, and dashboard skins. TPO is also extensively used in various end-users like medical, footwear, home appliances, and rubber goods.

Increasing demand of TPO in construction and automobile industries is expected to drive thermoplastic polyolefins (TPO) market growth in coming period. The automobile industry is likely to observe a substantial growth over the forecast period due to excellent product properties of TPO like processing ease, thermal resistance, design flexibility, light weight and ability to be recycled, these properties, in turn, increase the use of TPO in automotive industry resulting into growth of the automotive industry in market. Moreover, increasing the choice of replacing polyvinyl chloride with TPO owing to the health issues related to PVC applications is likely to boost TPO market over the forecast period. However, fluctuating prices of raw materials and a risk from substitutes like thermoplastic polyurethane, thermoplastic vulcanizate and polyvinyl chloride to TPO are estimated to hamper the TPO market in coming years.   Moreover, brand visibility and geographical expansion will be major growth strategies adopted by the market players over the coming time frame.

The global TPO market is segmented according to its end- user application and region. On the basis of application, it is divided into automotive, building & construction, home appliances, medical, industrial, footwear, and others. Automotive segment led the global market for TPO owing to its wide use in interior and exterior applications in the automobile industry. This segment contributed to over USD 2 billion to global thermoplastic polyolefins market share in the year 2016 and is likely to witness considerable growth over forecast period owing to outstanding features of TPOs. 

On the basis of region, the global market of thermoplastic polyolefins is divided into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.  The TPO market is dominated by North America in terms of volume with over 36% and is followed by Asia Pacific region with over 33%. Asia Pacific is likely to witness the fastest growth of TPO market with an estimated CAGR of 6% from the year 2014 to 2020. This can be credited to the rapidly growing automotive markets in the emerging countries like India and China. Europe is expected to grow at a slower speed with the slowest CAGR of 5.5 % because of the saturated markets.  

Key industry players include Sumitomo Chemical Company, Arkema S.A., LyondellBasell Industries, ExxonMobil Corporation, Dow Chemical Company, S&E Specialty polymers, DuPont, INEOS Chemicals Company, Saudi Aramco Company, A. Schulman, Mitsui & Company Limited, SABIC Chemical manufacturing company, Noble polymers, and Polisystem UK Limited.

Related Reports

Patient Access Solutions Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2026.

Price : $ 3999.00 | Report Code: ZMR-5456 | Report Format:

Global Patient Access Solutions Market: Overview Patient Access Solutions provides healthcare information technology solutions to physician practices, hospitals, medical centers, clinics, and insurance payers. It helps critical components of the revenue cycle, from scheduling to billing, also co...Read More

Global Rubber Conveyor Belt Market By Type (Oil & Grease-Resistant, Flame-Resistant, Heat-Resistant, Chemical-Resistant and Abrasion-Resistant), By Material (Solid Woven Belts and Textile Reinforced Conveyor Belts), By End-user (Manufacturing, Power Generation, Coal & Mining, Logistics, Airlines, and Construction) and Region–Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026

Dec-2020 | Price : $ 4199.00 | Pages: 110 | Report Code: ZMR-5431 | Report Format:

Global Rubber Conveyor Belt Market: Overview Since transportation of large quantities of heavy products and materials is required across innumerable industries including mining, cement, stone crushing, road construction, timber, power plants, compost recycling, and mineral processing plants, pl...Read More

Global Customer Self-Service Software Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2026

Price : $ 3999.00 | Report Code: ZMR-5390 | Report Format:

Global Customer Self-Service Software Market: Overview Customer self-service software offers support that aims at allowing users to find solutions by themselves often by means of an automated task management system or a knowledge base. In a digital era when one has the world at ones fingertips, ...Read More

Butyric Acid Market - By Product Type (Natural/Renewable And Synthetic Butyric Acid), By Application (Food, Chemical Intermediate, Animal Feed, Perfumes, Pharmaceuticals, And Others), And By Region - Global Industry Perspective, Comprehensive Analysis, And Forecast, 2020 – 2026

Aug-2020 | Price : $ 4199.00 | Pages: 110 | Report Code: ZMR-5381 | Report Format:

The global Butyric Acid market, which is likely to amass revenue worth nearly 666.42 (USD Million) by 2026, will register a CAGR of nearly 14.9% during the period from 2020 to 2026. The report offers assessment and analysis of the Butyric Acid market on a global and regional level. The study offer...Read More

Plastics in Personal Protective Equipment Market - By Type (Polyethylene (PE), Polypropylene (PP), Polyurethane (PU), Polyvinyl chloride (PVC), Polyethylene terephthalate (PET), Polystyrene (PS), Acrylonitrile butadiene styrene (ABS), Polycarbonate (PC), Others), Application (Head, Eye & Face Protection, Hearing Protection, Protective Clothing, Respiratory Protection, Protective Footwear, Fall Protection, Hand Protection and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 - 2026

Aug-2020 | Price : $ 4199.00 | Pages: 110 | Report Code: ZMR-5377 | Report Format:

The report covers forecast and analysis for the Plastics in Personal Protective Equipment market on a global and regional level. The study provides historic data from 2016 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Billion). The study includes drivers and restraints for ...Read More

Request Free Brochure


A Global Pandemic

Request the coronavirus impact analysis across industries and market

Request impact analysis on this market
Why Choose Us ?

24/5 Research support

Resolved your research queries from industry expert. Request for a research sample before report purchase.

Custom research service

Ask the Analyst to customize an exclusive study to serve your research needs.

Quality & Accuracy

Zion Market Research reports offers best quality reports based on various authentic and accurate data findings.

Customer Satisfaction

We ensure that our client's all research needs are met with customized, in-depth analysis solutions.

Information security

We never share your personal and confidential information. Your personal information is safe and secure with us.