Global Thermoplastic Polyolefin (TPO) Market Set for Rapid Growth, To Reach Around USD 3.7 Billion by 2022

10-Aug-2017 | Zion Market Research

Zion Market Research has published a new report titled “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”. According to the report, global thermoplastic polyolefin market was valued at USD 2.4 billion in 2016 and is expected to reach USD 3.7 billion in 2022, growing at a CAGR of 7.1% between 2016 and 2022.

Thermoplastic polyolefin is a light weight material which is a major product in thermoplastic elastomers family. It has lowest specific gravities compared to all other thermoplastic elastomers. TPO is extensively used in automobile and construction industry. In the automotive industry, it is used in interior and exterior components. In the construction industry, TPO is widely used in the production of roofing membrane systems and door panels. It is also used in various end-users like industrial, medical, footwear and rubber goods. Also, the weight reducing property of TPO enhances the vehicle performance in terms of speed, fuel efficiency, and handling

Browse the full "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" report at https://www.zionmarketresearch.com/report/thermoplastic-polyolefin-market

Advancement in the TPO industry is a major growth factor for global thermoplastic polyolefin market. However, rapid growth in the automotive industry along with a rise in building and construction activities is driving the demand for TPO in the last few years. The TPO market is likely to grow at a healthy growth rate in coming five to six years owing to the growing sales of tires and other rubber products from automotive industry. However, technological challenges can hamper the TPO market. Fluctuating prices of raw materials can slow down the market of TPO near the future. Emerging applications of TPO is expected to serve as an opportunity for global thermoplastic polyolefin market.

Global-Thermoplastic-Polyolefins-Market.png

The global market for TPO is segmented on the basis of end – user application and region. According to the application, it is divided into automotive, building & construction, home appliances, medical, industrial, footwear, and others. Automotive is the largest end-use industry for TPOs and growth of the automotive industry is proportional to the global TPO market’s growth. The growth of automotive industry mainly in the emerging economies is likely to drive the future demand for TPOs.

According to the region, the global market for TPO is divided into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. The North America is dominating the market in terms of volume. Asia pacific is likely to be the fastest growing market for TPO over the forecast period.

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. 

This report segments the global thermoplastic polyolefin market as follows:

Thermoplastic Polyolefin Market: Application Analysis

  • Automotive
  • Building & Construction
  • Home Appliances
  • Medical
  • Industrial
  • Footwear
  • Others

Thermoplastic Polyolefin Market: Region Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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