Thermoplastic Polyolefin Market To Report Impressive Growth, Revenue To Surge To US$3.7 Billion By 2022

11-Sep-2018 | Zion Market Research

With the presence of a large pool of participants, the global thermoplastic polyolefin market is displaying a highly competitive business landscape, finds a new research report by Zion Market Research (ZMR). LyondellBasell Industries, A. Schulman, Mitsui & Company Limited, ExxonMobil Corporation, The Dow Chemical Company, S&E Specialty polymers, SABIC Chemical manufacturing company, DuPont, and INEOS Chemicals Company are some of the key vendors of thermoplastic polyolefin across the world. These players across thermoplastic polyolefin market are focusing aggressively on innovation, as well as on including advanced technologies in their existing products. Over the coming years, they are also expected to take up partnerships and mergers and acquisitions as their key strategy for business development, states the thermoplastic polyolefin market study.

Mergers & Acquisitions have always lucratively influenced various industries and thermoplastic polyolefin market is no exception to it. Citing an instance, in August 2018, LyondellBasell Industries, a key player across TPO industry, declared the purchase of A. Schulman Incorporation, a leading supplier of high performing composites and plastic compounds across the globe. Analysts view the acquisition as a positive move that will help both the firms create value for their customers and help them in retaining their positions across the business space over the coming years.

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This review is based on a report by Zion Market Research, titled Thermoplastic Polyolefin Market for Automotive, Building & Construction, Home Appliances, Medical, Industrial, Footwear, and Other Applications: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016 – 2022.”- Report at http://www.zionmarketresearch.com/report/thermoplastic-polyolefin-market

As estimated in this report, the global thermoplastic polyolefin market stood at US$ 2.4 billion in 2016. Witnessing a tremendous rise during the period from 2016 to 2022, the revenue in this market is expected to reach US$ 3.7 billion by the end of the forecast period.

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Growing Popularity Across Automobile Sector To Influence Growth Dimensions

“High product demand across automotive and construction activities will steer the development of thermoplastic polyolefin market in the years to come,” says the author of this study. Apart from this, rise in the sales of tires as well as rubber items will create lucrative profit for thermoplastic polyolefin market in the foreseeable period.

Technological challenges along with oscillating raw material costs, however, can impede the thermoplastic polyolefin market during the forecast timeline. Nevertheless, the wide applications of the product will create new avenues for global thermoplastic polyolefin market in the forthcoming years, thereby normalizing the impact of hindrances on the market, reports the study.

Wide Applications In Automotive & Construction To Aid Regional Dominance

Regionally, North America has been leading the worldwide thermoplastic polyolefin market and is anticipated to continue on the dominant position in the years to come, states the thermoplastic polyolefin market study. The rapid growth of industrial & construction applications is the main factor behind the dominance of the North America thermoplastic polyolefin market. In addition, strict legislations pertaining to fuel conservation across the automotive industry is another significant factor that is supporting the growth of this regional thermoplastic polyolefin market.

The global thermoplastic polyolefin market is segmented as follows:

By Application

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

By Region

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

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