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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

Published Date: 10-Aug-2017 Category: Chemical & Materials Report Format : PDF Pages: 110 Report Code: ZMR-2040 Status : Published

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.

Description

The report covers forecast and analysis for the thermoplastic polyolefin market on a worldwide, regional and country level. The study provides historical information of 2016 together with a forecast from 2016 to 2022 supported each volume (kilo tons) and revenue (USD billion). The entire study covers the key drivers and restraints for the thermoplastic polyolefin market. It also provides the impact of the market within the forecast period. Moreover, the report also includes the study of opportunities accessible within the thermoplastic polyolefin market on a global level.

In order to offer the users of this report a comprehensive read on the thermoplastic polyolefin market, we've got enclosed the detailed competitive scenario and product portfolio of key vendors. To know the competitive landscape within the market, an analysis of Porter’s Five Forces model for the thermoplastic polyolefin market has additionally been enclosed within the study. The study encompasses a market attractiveness analysis, whereby application segments area unit benchmarked supported their market size, rate, and general attractiveness.

Global Thermoplastic Polyolefin (TPO) Market

The report also covers the market share of the key vendor’s operative in the respective market across the world. Additionally, report coated the strategic development together with acquisitions & mergers, new type launch, agreements, partnerships, collaborations and joint ventures and type & regional growth of major participants concerned within the market on the international and regional basis.

The study provides a crucial view on the thermoplastic polyolefin market by segmenting the market based on its segmentation. The segmentation included end-user applications and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2016 to 2022. Based on applications, the global thermoplastic polyolefin market is bifurcated into automotive, building & construction, home appliances, medical, industrial, footwear, and others. Moreover, the regional segmentation includes the major countries and regions such as Europe, North America, Latin America, Asia Pacific, and Middle East & Africa.

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
  • Middle East and Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1. Report description and scope
    • 1.2. Research scope
    • 1.3. Research methodology
      • 1.3.1. Market research process
      • 1.3.2. Market research methodology
  • Chapter 2. Executive Summary
    • 2.1. Global thermoplastic polyolefin market, 2016 - 2022, (Kilo Tons) (USD Billion)
    • 2.2. Thermoplastic polyolefin: Market snapshot
  • Chapter 3. Thermoplastic polyolefin Market: Industry Analysis
    • 3.1. Thermoplastic polyolefin: Market dynamics
    • 3.2. Market Drivers
      • 3.2.1. Increasing demand for automotive industry.
    • 3.3. Restraints
      • 3.3.1. Fluctuating prices of raw materials.
    • 3.4. Opportunity
      • 3.4.1. Rapidly growing end-user industry in Asia Pacific
    • 3.5. Porter’s Five Forces Analysis
    • 3.6. Market Attractiveness Analysis
      • 3.6.1. Market attractiveness analysis by application
      • 3.6.2. Market attractiveness analysis by region
  • Chapter 4. Global Thermoplastic polyolefin Market: Competitive Landscape
    • 4.1. Company Market Share Analysis
      • 4.1.1. Global thermoplastic polyolefin market: company market share, 2016
    • 4.2. Strategic Development
      • 4.2.1. Acquisitions & Mergers
      • 4.2.2. New Type Launch
      • 4.2.3. Agreements, Partnerships, Collaborations and Joint Ventures
      • 4.2.4. Research and Development, and Regional Expansion
  • Chapter 5. Global Thermoplastic polyolefin Market: Application Overview
    • 5.1. Global thermoplastic polyolefin market share, by application, 2016 and 2022
    • 5.2. Automotive
      • 5.2.1. Global thermoplastic polyolefin market for automotive, 2016 - 2022 (Kilo Tons)(USD Billion)
    • 5.3. Building & Construction
      • 5.3.1. Global thermoplastic polyolefin market for building & construction, 2016 - 2022 (Kilo Tons)(USD Billion)
    • 5.4. Home Appliances
      • 5.4.1. Global thermoplastic polyolefin market for home appliances pharmaceuticals, 2016 - 2022 (Kilo Tons)(USD Billion)
    • 5.5. Medical
      • 5.5.1. Global thermoplastic polyolefin market for medical, 2016 - 2022 (Kilo Tons)(USD Billion)
    • 5.6. Industrial
      • 5.6.1. Global thermoplastic polyolefin market for industrial, 2016 - 2022 (Kilo Tons)(USD Billion)
    • 5.7. Footwear
      • 5.7.1. Global thermoplastic polyolefin market for footwear, 2016 - 2022 (Kilo Tons)(USD Billion)
    • 5.8. Others
      • 5.8.1. Global thermoplastic polyolefin market for other applications, 2016 – 2022 (Kilo Tons) (USD Billion)
  • Chapter 6. Global Thermoplastic polyolefin Market: Regional Analysis
    • 6.1. Global thermoplastic polyolefin market: Regional overview
      • 6.1.1. Global thermoplastic polyolefin market share, by region, 2016 and 2022
    • 6.2. North America
      • 6.2.1. North America thermoplastic polyolefin market volume, by application, 2016 – 2022 (Kilo Tons)
      • 6.2.2. North America thermoplastic polyolefin market revenue, by application, 2016 – 2022 (USD Billion)
    • 6.3. Europe
      • 6.3.1. Europe thermoplastic polyolefin market volume, by application, 2016 – 2022 (Kilo Tons)
      • 6.3.2. Europe thermoplastic polyolefin market revenue, by application, 2016 – 2022 (USD Billion)
    • 6.4. Asia Pacific
      • 6.4.1. Asia-Pacific thermoplastic polyolefin market volume, by application, 2016 – 2022 (Kilo Tons)
      • 6.4.2. Asia-Pacific thermoplastic polyolefin market revenue, by application, 2016 – 2022 (USD Billion)
    • 6.5. Latin America
      • 6.5.1. Latin America thermoplastic polyolefin market volume, by application, 2016 – 2022 (Kilo Tons)
      • 6.5.2. Latin America thermoplastic polyolefin market revenue, by application, 2016 – 2022 (USD Billion)
    • 6.6. Middle East & Africa
      • 6.6.1. Middle East & Africa thermoplastic polyolefin market volume, by application, 2016 – 2022 (Kilo Tons)
      • 6.6.2. Middle East & Africa thermoplastic polyolefin market revenue, by application, 2016 – 2022 (USD Billion)
  • Chapter 7. Company Profiles
    • 7.1. Arkema S.A
      • 7.1.1. Overview
      • 7.1.2. Financials
      • 7.1.3. Type portfolio
      • 7.1.4. Business strategy
      • 7.1.5. Recent developments
    • 7.2. LyondellBasell Industries
      • 7.2.1. Overview
      • 7.2.2. Financials
      • 7.2.3. Type portfolio
      • 7.2.4. Business strategy
      • 7.2.5. Recent developments
    • 7.3. ExxonMobil Corporation
      • 7.3.1. Overview
      • 7.3.2. Financials
      • 7.3.3. Type portfolio
      • 7.3.4. Business strategy
      • 7.3.5. Recent developments
    • 7.4. The Dow Chemical Company
      • 7.4.1. Overview
      • 7.4.2. Financials
      • 7.4.3. Type portfolio
      • 7.4.4. Business strategy
      • 7.4.5. Recent developments
    • 7.5. S&E Specialty polymers
      • 7.5.1. Overview
      • 7.5.2. Financials
      • 7.5.3. Type portfolio
      • 7.5.4. Business strategy
      • 7.5.5. Recent developments
    • 7.6. DuPont
      • 7.6.1. Overview
      • 7.6.2. Financials
      • 7.6.3. Type portfolio
      • 7.6.4. Business strategy
      • 7.6.5. Recent developments
    • 7.7. INEOS Chemicals Company
      • 7.7.1. Overview
      • 7.7.2. Financials
      • 7.7.3. Type portfolio
      • 7.7.4. Business strategy
      • 7.7.5. Recent developments
    • 7.8. Saudi Aramco Company
      • 7.8.1. Overview
      • 7.8.2. Financials
      • 7.8.3. Type portfolio
      • 7.8.4. Business strategy
      • 7.8.5. Recent developments
    • 7.9. Evonik Industries AG
      • 7.9.1. Overview
      • 7.9.2. Financials
      • 7.9.3. Type portfolio
      • 7.9.4. Business strategy

Methodology

This report is based on in-depth qualitative and quantitative analyses of the global Thermoplastic Polyolefin market. Zion Research has collected and analyzed key data belong to the global Thermoplastic Polyolefin market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.

The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.

Various parameters have been taken into account, while estimating market size. The revenue generated by the leading industry participants in from the sales of Thermoplastic Polyolefin across the world has been calculated through primary and secondary research.

Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc. 

For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in validation of findings from secondary research and to understand key trends in the Thermoplastic Polyolefin industry. Primary research makes up the major source of data collection and validation.   

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

  • Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening the secondary research findings
  • Further, develops the analysis team’s expertise and market understanding
  • Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • IDC and other relevant magazines
  • Internal and external proprietary databases, and relevant patent and regulatory databases
  • National government documents, statistical databases and market reports

News articles, press releases and webcasts specific to companies operating in the market

Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Thermoplastic Polyolefin market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

  • Demographic data: Population split by segments
  • Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
  • Industry indicators: Expenditure, technology stage and infrastructure, sector growth and facilities
  • Data is then cross-checked by an expert panel.

Free Analysis

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.

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