Global Thermoplastic Polyolefin (TPO) Market Size, Share, Growth Analysis Report - Forecast 2034

Thermoplastic Polyolefin (TPO) Market

Thermoplastic Polyolefin (TPO) Market By Type (In situ TPO, Compounded TPO, Polyolefin elastomers (POEs)), By Application (Automotive, Building & Construction, Medical, Wire and cables, Others), and By Region: Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2025 - 2034

Category: Chemical & Materials Report Format : PDF Pages: 140 Report Code: ZMR-2040 Published Date: Jul-2025 Status : Published
Market Size in 2024 Market Forecast in 2034 CAGR (in %) Base Year
USD 4.52 Billion USD 9.07 Billion 7.2% 2024

Thermoplastic Polyolefin (TPO) Market

Table Of Content

  • Chapter No. 1: Introduction
    • 1.1. Report Description
      • 1.1.1. Purpose of the Report
      • 1.1.2. USP & Key Offerings
    • 1.2. Key Benefits for Stakehulders
    • 1.3. Target Audience
    • 1.4. Report Scope
  • Chapter No. 2: Executive Summary
    • 2.1. Key Findings
      • 2.1.1. Top Investment Pockets
        • 2.1.1.1. Market Attractiveness Analysis, By Application
        • 2.1.1.2. Market Attractiveness Analysis, By Region
    • 2.2. Market Snapshot
    • 2.3. Global Thermoplastic Pulyulefin (TPO) Market, 2016 – 2028 (USD Billion)
    • 2.4. Insights from Primary Respondents
  • Chapter No. 3: COVID 19 Impact Analysis
    • 3.1. Impact Assessment of COVID-19 Pandemic, By Region
      • 3.1.1. North America
      • 3.1.2. Europe
      • 3.1.3. Asia Pacific
      • 3.1.4. Latin America
      • 3.1.5. The Middle-East and Africa
    • 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
    • 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion)
    • 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion)
    • 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
      • 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
    • 3.6. Short Term Dynamics
    • 3.7. Long Term Dynamics
  • Chapter No. 4: Thermoplastic Pulyulefin (TPO) Market – Application Segment Analysis
    • 4.1. Overview
      • 4.1.1. Market Revenue Share, By Application, 2020 & 2028
    • 4.2. Automotive
      • 4.2.1. Market Size and Forecast, By Region (USD Billion)
      • 4.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.3. Building & Construction
      • 4.3.1. Market Size and Forecast, By Region (USD Billion)
      • 4.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.4. Home Appliances
      • 4.4.1. Market Size and Forecast, By Region (USD Billion)
      • 4.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.5. Medical
      • 4.5.1. Market Size and Forecast, By Region (USD Billion)
      • 4.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.5.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.6. Industrial
      • 4.6.1. Market Size and Forecast, By Region (USD Billion)
      • 4.6.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.6.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.7. Footwear
      • 4.7.1. Market Size and Forecast, By Region (USD Billion)
      • 4.7.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.7.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.8. Others
      • 4.8.1. Market Size and Forecast, By Region (USD Billion)
      • 4.8.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.8.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 5: Thermoplastic Pulyulefin (TPO) Market – Region Segment Analysis
    • 5.1. Overview
      • 5.1.1. Global Market Revenue Share, By Region, 2020 & 2028
      • 5.1.2. Global Market Revenue, By Region, 2016 – 2028 (USD Billion)
    • 5.2. North America
      • 5.2.1. North America Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 5.2.2. North America Market Revenue, By Application, 2016 – 2028
      • 5.2.5. U.S.
        • 5.2.5.1. U.S. Market Revenue, By Application, 2016 – 2028
      • 5.2.6. Canada
        • 5.2.6.1. Canada Market Revenue, By Application, 2016 – 2028
      • 5.2.7. Mexico
        • 5.2.7.1. Mexico Market Revenue, By Application, 2016 – 2028
    • 5.3. Europe
      • 5.3.1. Europe Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 5.3.2. Europe Market Revenue, By Application, 2016 – 2028
      • 5.3.5. Germany
        • 5.3.5.1. Germany Market Revenue, By Application, 2016 – 2028
      • 5.3.6. France
        • 5.3.6.1. France Market Revenue, By Application, 2016 – 2028
      • 5.3.7. U.K.
        • 5.3.7.1. U.K. Market Revenue, By Application, 2016 – 2028
      • 5.3.8. Italy
        • 5.3.8.1. Italy Market Revenue, By Application, 2016 – 2028
      • 5.3.9. Spain
        • 5.3.9.1. Spain Market Revenue, By Application, 2016 – 2028
      • 5.3.10. Rest of Europe
        • 5.3.10.1. Rest of Europe Market Revenue, By Application, 2016 – 2028
    • 5.4. Asia Pacific
      • 5.4.1. Asia Pacific Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 5.4.2. Asia Pacific Market Revenue, By Application, 2016 – 2028
      • 5.4.5. China
        • 5.4.5.1. China Market Revenue, By Application, 2016 – 2028
      • 5.4.6. Japan
        • 5.4.6.1. Japan Market Revenue, By Application, 2016 – 2028
      • 5.4.7. India
        • 5.4.7.1. India Market Revenue, By Application, 2016 – 2028
      • 5.4.8. South Korea
        • 5.4.8.1. South Korea Market Revenue, By Application, 2016 – 2028
      • 5.4.9. South-East Asia
        • 5.4.9.1. South-East Asia Market Revenue, By Application, 2016 – 2028
      • 5.4.10. Rest of Asia Pacific
        • 5.4.10.1. Rest of Asia Pacific Market Revenue, By Application, 2016 – 2028
    • 5.5. Latin America
      • 5.5.1. Latin America Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 5.5.2. Latin America Market Revenue, By Application, 2016 – 2028
      • 5.5.5. Brazil
        • 5.5.5.1. Brazil Market Revenue, By Application, 2016 – 2028
      • 5.5.6. Argentina
        • 5.5.6.1. Argentina Market Revenue, By Application, 2016 – 2028
      • 5.5.7. Rest of Latin America
        • 5.5.7.2. Rest of Latin America Market Revenue, By Application, 2016 – 20285
    • 5.6. The Middle-East and Africa
      • 5.6.1. The Middle-East and Africa Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 5.6.2. The Middle-East and Africa Market Revenue, By Application, 2016 – 2028
      • 5.6.5. GCC Countries
        • 5.6.5.1. GCC Countries Market Revenue, By Application, 2016 – 2028
      • 5.6.6. South Africa
        • 5.6.6.1. South Africa Market Revenue, By Application, 2016 – 2028
      • 5.6.7. Rest of Middle-East Africa
        • 5.6.7.1. Rest of Middle-East Africa Market Revenue, By Application, 2016 – 2028
  • Chapter No. 6: Thermoplastic Pulyulefin (TPO) Market – Industry Analysis
    • 6.1. Introduction
    • 6.2. Market Drivers
      • 6.2.1. Driving Factor 1 Analysis
      • 6.2.2. Driving Factor 2 Analysis
    • 6.3. Market Restraints
      • 6.3.1. Restraining Factor Analysis
    • 6.4. Market Opportunities
      • 6.4.1. Market Opportunity Analysis
    • 6.5. Porter’s Five Forces Analysis
    • 6.6. PEST Analysis
    • 6.7. Regulatory Landscape
    • 6.8. Technology Landscape
    • 6.9. Regional Market Trends
      • 6.9.1. North America
      • 6.9.2. Europe
      • 6.9.3. Asia Pacific
      • 6.9.4. Latin America
      • 6.9.5. The Middle-East and Africa
    • 6.10. Pricing Analysis
    • 6.11. Value Chain Analysis
    • 6.12. Downstream Buyers
    • 6.13. Distributors/Traders List
  • Chapter No. 7: Competitive Landscape
    • 7.1. Company Market Share Analysis – 2019
      • 7.1.1. Global Thermoplastic Pulyulefin (TPO) Market : Company Market Share, 2019
      • 7.1.2. Global Thermoplastic Pulyulefin (TPO) Market , Company Market Revenue, 2016 – 2019 (USD Billion)
      • 7.1.3. Global Thermoplastic Pulyulefin (TPO) Market , Company Y-o-Y Growth, 2017 – 2028 (%)
      • 7.1.4. Global Thermoplastic Pulyulefin (TPO) Market : Radar Determinant Chart, 2019
    • 7.2. Strategic Developments
      • 7.2.1. Acquisitions & Mergers
      • 7.2.2. New Product Launch
      • 7.2.3. Regional Expansion
    • 7.3. Company Strategic Developments – Heat Map Analysis
  • Chapter No. 8: Company Profiles
    • 8.1. Sumitomo Chemical Company
      • 8.1.1. Company Overview
      • 8.1.2. Key Executives
      • 8.1.3. Product Portfolio
      • 8.1.4. Financial Overview
      • 8.1.5. Operating Business Segments
      • 8.1.6. Business Performance
      • 8.1.7. Recent Developments
    • 8.2. Arkema S.A.
    • 8.3. LyondellBasell Industries
    • 8.4. ExxonMobil Corporation
    • 8.5. Dow Chemical Company
    • 8.6. S&E Specialty pulymers
    • 8.7. DuPont
    • 8.8. INEOS Chemicals Company
    • 8.9. Saudi Aramco Company
    • 8.10. A. Schulman
  • Chapter No. 9: Marketing Strategy Analysis
    • 9.1. Marketing Channel
    • 9.2. Direct Marketing
    • 9.3. Indirect Marketing
    • 9.4. Marketing Channel Development Trends
    • 9.5. Economic/Pulitical Environmental Change
  • Chapter No. 10: Research Methodology
    • 10.1. Research Methodology
    • 10.2. Phase I - Secondary Research
    • 10.3. Phase II - Data Modeling
      • 10.3.1. Company Share Analysis Model
      • 10.3.2. Revenue Based Modeling
    • 10.4. Phase III - Primary Research
    • 10.5. Research Limitations
      • 10.5.1. Assumptions

Table Of Figures

List of Figures 

FIG NO. 1. Market Attractiveness Analysis, By Application
FIG NO. 2. Market Attractiveness Analysis, By Region
FIG NO. 3. Global Thermoplastic Polyolefin (TPO) Market Revenue, 2016 – 2028 (USD Billion)
FIG NO. 4. Impact of COVID-19 Pandemic in North America Countries
FIG NO. 5. Market Revenue Share, By Application, 2020 & 2028
FIG NO. 6. Global Thermoplastic Polyolefin (TPO) Market for Automotive, Revenue (USD Billion) 2016 – 2028
FIG NO. 7. Comparative Revenue Analysis of Thermoplastic Polyolefin (TPO) Market for Automotive, By Country, 2020 & 2028
FIG NO. 8. Global Thermoplastic Polyolefin (TPO) Market for Building & Construction, Revenue (USD Billion) 2016 – 2028
FIG NO. 9. Comparative Revenue Analysis of Thermoplastic Polyolefin (TPO) Market for Building & Construction, By Country, 2020 & 2028
FIG NO. 10. Global Thermoplastic Polyolefin (TPO) Market for Home Appliances, Revenue (USD Billion) 2016 – 2028
FIG NO. 11. Comparative Revenue Analysis of Thermoplastic Polyolefin (TPO) Market for Home Appliances, By Country, 2020 & 2028
FIG NO. 12. Global Thermoplastic Polyolefin (TPO) Market for Medical, Revenue (USD Billion) 2016 – 2028
FIG NO. 13. Comparative Revenue Analysis of Thermoplastic Polyolefin (TPO) Market for Medical, By Country, 2020 & 2028
FIG NO. 14. Global Thermoplastic Polyolefin (TPO) Market for Industrial, Revenue (USD Billion) 2016 – 2028
FIG NO. 15. Comparative Revenue Analysis of Thermoplastic Polyolefin (TPO) Market for Industrial, By Country, 2020 & 2028
FIG NO. 16. Global Thermoplastic Polyolefin (TPO) Market for Others, Revenue (USD Billion) 2016 – 2028
FIG NO. 17. Global Thermoplastic Polyolefin (TPO) Market Revenue Share, By Region, 2020 & 2028
FIG NO. 18. North America Thermoplastic Polyolefin (TPO) Market Revenue, 2016 - 2028 (USD Billion)
FIG NO. 19. Porter’s Five Forces Analysis for Global Thermoplastic Polyolefin (TPO) Market 
FIG NO. 20. PEST Analysis for Global Thermoplastic Polyolefin (TPO) Market 
FIG NO. 21. Pricing Analysis for Global Thermoplastic Polyolefin (TPO) Market 
FIG NO. 22. Value Chain Analysis for Global Thermoplastic Polyolefin (TPO) Market 
FIG NO. 23. Company Share Analysis, 2019
FIG NO. 24. Radar Determinant Chart, 2019
FIG NO. 25. Company Strategic Developments – Heat Map Analysis
FIG NO. 26. Business Segment Revenue Share, 2020 (%)
FIG NO. 27. Geographical Segment Revenue Share, 2020 (%)
FIG NO. 28. Market Channels
FIG NO. 29. Marketing Channel Development Trend
FIG NO. 30. Growth in World Gross Product, 2008-2018
FIG NO. 31. Research Methodology – Detailed View
FIG NO. 32. Research Methodology


Table Of Tables

List of Tables 

TABLE NO. 1. Global Thermoplastic Polyolefin (TPO) Market : Snapshot
TABLE NO. 2. Quarterly Thermoplastic Polyolefin (TPO) Market  Revenue by Region, 2020
TABLE NO. 3. Quarterly Thermoplastic Polyolefin (TPO) Market  Revenue Forecast by Region, 2021
TABLE NO. 4. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion) 
TABLE NO. 5. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion)
TABLE NO. 6. Global Thermoplastic Polyolefin (TPO) Market  for Automotive, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 7. Global Thermoplastic Polyolefin (TPO) Market  for Building & Construction, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 8. Global Thermoplastic Polyolefin (TPO) Market  for Home Appliances, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 9. Global Thermoplastic Polyolefin (TPO) Market  for Medical, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 10. Global Thermoplastic Polyolefin (TPO) Market  for Industrial, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 11. Global Thermoplastic Polyolefin (TPO) Market  for Others, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 12. Global Thermoplastic Polyolefin (TPO) Market  Revenue, By Region, 2016 – 2028 (USD Billion)
TABLE NO. 13. North America Thermoplastic Polyolefin (TPO) Market  Revenue, By Country, 2016 – 2028 (USD Billion)
TABLE NO. 14. North America Thermoplastic Polyolefin (TPO) Market  Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 15. U.S. Thermoplastic Polyolefin (TPO) Market  Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 16. Canada Thermoplastic Polyolefin (TPO) Market  Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 17. Mexico Thermoplastic Polyolefin (TPO) Market  Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 18. Drivers for the Thermoplastic Polyolefin (TPO) Market : Impact Analysis
TABLE NO. 19. Restraints for the Thermoplastic Polyolefin (TPO) Market : Impact Analysis
TABLE NO. 20. Major Buyers of Thermoplastic Polyolefin (TPO) Market
TABLE NO. 21. Distributors/Traders List of Thermoplastic Polyolefin (TPO) Market
TABLE NO. 22. Global Thermoplastic Polyolefin (TPO) Market , Company Market Revenue, 2016 – 2019 (USD Billion)
TABLE NO. 23. Global Thermoplastic Polyolefin (TPO) Market , Company Y-o-Y Growth, 2017 – 2028 (USD Billion)

Methodology

FrequentlyAsked Questions

The shift in trend to exchange polyvinyl chloride due to growing environmental concerns in major end-use industries like automotive and construction around the world has been boosting the demand for thermoplastic polyolefins in the recent past. PVC contains phthalates, which are considered to be harmful to the environment. TPOs represent a member of an outsized group of thermoplastic elastomers (TPEs). TPOs a bit like other members of the TPE family including TPV, TPU, etc. have rubber-like properties but a process-like polymer which makes them highly suitable for top performance applications during a sort of end-use industries. Advancements in terms of functionalities like abrasion resistance, economical, durability, lightweight, antioxidants & UV light stabilizer to resist solar UV radiation and oxidation will make the merchandise highly preferable in regions of utmost weather.

The global thermoplastic polyolefin (TPO) market is expected to grow due to growing demand in automotive, construction, and roofing applications due to its lightweight, recyclability, and cost-effectiveness, alongside stringent environmental regulations promoting sustainable materials.

According to a study, the global thermoplastic polyolefin (TPO) market size was worth around USD 4.52 Billion in 2024 and is expected to reach USD 9.07 Billion by 2034.

The global thermoplastic polyolefin (TPO) market is expected to grow at a CAGR of 7.2% during the forecast period.

North America is expected to dominate the thermoplastic polyolefin (TPO) market over the forecast period.

Leading players in the global thermoplastic polyolefin (TPO) market include DOW (US), Mitsui Chemical, Inc. (Japan), Exxon Mobil Corporation (Texas), SABIC (Saudi Arabia), Sumitomo Chemicals Co., Ltd. (Japan), LyondellBasell Industries N.V. (Texas), Ineos Group Holdings SA (Switzerland), Borealis AG (Austria), Formosa Plastic Corporation (Taiwan), RTP Company (US), among others.

The report explores crucial aspects of the thermoplastic polyolefin (TPO) market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.

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