Thermoplastic Polyolefin Market: By Application Type (Automotive, Buildings & Construction, Home Appliances, Medical, Industrial, Footwear), and Geography

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Thermoplastic Polyolefin Market size was valued at USD 4,732.1 million in 2023 and is poised to grow at a CAGR of 6.6% from 2024 to 2030. The global market provides a detailed overview which can be segmented by application, and region. Based on the application, the thermoplastic polyolefin market has been segregated into automotive, buildings & construction, home appliances, medical, industrial, and footwear. The automotive industry led the thermoplastic polyolefin market in 2020 and is projected to grow owing to a larger penetration of passenger vehicles and increasing adoption of lightweight & high-performing industrial vehicles driving the growth of this segment. Furthermore, the increase in the adoption of electric and hybrid vehicles and the introduction of stringent regulations regarding carbon emissions have increased the demand for thermoplastic polyolefin from the automotive sector. The thermoplastic polyolefin has a wide range of usage in the evolving interior, exterior, and under-the-hood applications in the automotive sector and this sector is observing huge demand which will drive the thermoplastic polyolefin market growth in the region.

Thermoplastic Polyolefin Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

6.6%

Largest Market

North America

Fastest Growing Market

Europe
Thermoplastic Polyolefin Market Dynamics

Increase in consumption of polymer products by end use industries like automotive while manufacturing automotive parts. It results good tensile strength, corrosion resistance and noise reduction when metal to metal contact incurred, in automotive parts. And it tends to boost the thermoplastic polyolefin market size. Thermoplastic polyolefin market is mainly driven by the growing demand for high performance and environment friendly material in construction and automotive industry. Additionally, the product is progressively being used instead of traditional thermoset rubbers and possess the capability to be entirely recycled.

Key Features of the Reports

  • The report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario

Thermoplastic Polyolefin Market Segmentation

By Application
  • Automotive
  • Buildings & Construction
  • Home Appliances
  • Medical
  • Industrial
  • Footwear
By Geography
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Frequently Asked Questions

The Thermoplastic Polyolefin Market size was valued at USD 4,732.1 million in 2023 and is poised to grow at a CAGR of 6.6% from 2024 to 2030

Fluctuations in raw material prices might hinder the market’s growth. The thermoplastic polyolefin includes raw materials like polyethylene and polypropylene which are derived from petroleum. With the onset of the pandemic, petroleum prices plunged historically, fluctuating the prices of raw materials in the target market.

The global thermoplastic polyolefin market size is expected to be valued at USD 4,732.1 million in 2021 and is expected to grow at a CAGR of 6.6% during the forecast period.

Asia pacific dominated the global thermoplastic polyolefin market with a significant market share owing to steadily expanding the automotive and construction sectors.

  1. Executive Summary
  2. Global Thermoplastic Polyolefin Market Introduction
    • Global Thermoplastic Polyolefin Market Taxonomy
    • Global Thermoplastic Polyolefin Market Definitions
      • Application
  3. Global Thermoplastic Polyolefin Market Dynamics
    • Drivers
    • Restraints
    • Opportunities/Unmet Needs of the Market
    • Trends
    • Global Thermoplastic Polyolefin Market Dynamic Factors - Impact Analysis
    • Global Thermoplastic Polyolefin Market Competition Landscape
  4. Global Thermoplastic Polyolefin Market Analysis, 2024 - 2030 and Forecast, 2023 - 2029
    • Market Analysis, 2024 - 2030 and Forecast, 2024 - 2030 (Revenue, USD Mn) Volume (000 MT)
    • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Market Opportunity Analysis
  5. Global Thermoplastic Polyolefin Market, By Application, 2024 - 2030 and Forecast, 2024 - 2030 (Revenue, USD Mn) Volume (000 MT)
    • Automotive
      • Market Analysis, 2024 - 2030 and Forecast, 2024 - 2030 (Revenue, USD Mn) Volume (000 MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Building and Construction
      • Market Analysis, 2024 - 2030 and Forecast, 2024 - 2030 (Revenue, USD Mn) Volume (000 MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Home Appliances
      • Market Analysis, 2024 - 2030 and Forecast, 2024 - 2030 (Revenue, USD Mn) Volume (000 MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Medical
      • Market Analysis, 2024 - 2030 and Forecast, 2024 - 2030 (Revenue, USD Mn) Volume (000 MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Industrial
      • Market Analysis, 2024 - 2030 and Forecast, 2024 - 2030 (Revenue, USD Mn) Volume (000 MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Footwear
      • Market Analysis, 2024 - 2030 and Forecast, 2024 - 2030 (Revenue, USD Mn) Volume (000 MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Market Opportunity AnalysisGlobal Thermoplastic Polyolefin Market Forecast, By Region, 2024 - 2030 and Forecast, 2024 - 2030 (Revenue, USD Mn) Volume (000 MT)
    • North America
      • Market Analysis, 2024 - 2030 and Forecast, 2024 - 2030 (Revenue, USD Mn) Volume (000 MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Europe
      • Market Analysis, 2024 - 2030 and Forecast, 2024 - 2030 (Revenue, USD Mn) Volume (000 MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Asia-Pacific
      • Market Analysis, 2024 - 2030 and Forecast, 2024 - 2030 (Revenue, USD Mn) Volume (000 MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Latin America
      • Market Analysis, 2024 - 2030 and Forecast, 2024 - 2030 (Revenue, USD Mn) Volume (000 MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Middle East and Africa
      • Market Analysis, 2024 - 2030 and Forecast, 2024 - 2030 (Revenue, USD Mn) Volume (000 MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Global Thermoplastic Polyolefin Market - Opportunity Analysis Index, Application and Region, 2018 2025
  2. North America Thermoplastic Polyolefin Market Analysis, 2024 - 2030 and Forecast, 2024 - 2030 (Revenue, USD Mn) Volume (000 MT)
    • Application Type Analysis 2024 - 2030 and Forecast 2024 - 2030 by (Revenue, USD Mn) Volume (000 MT), Y-o-Y Growth (%) and Market Share (%)
      • Automotive
      • Buildings & Construction
      • Home Appliances
      • Medical
      • Industrial
      • Footwear
    • Country Analysis 2024 - 2030 and Forecast 2024 - 2030 by (Revenue, USD Mn) Volume (000 MT) Y-o-Y Growth (%) and Market Share (%)
      • S.
      • Canada
    • North America Thermoplastic Polyolefin Market - Opportunity Analysis Index, Application, and Country, 2019 2025
    • North America Thermoplastic Polyolefin Market Dynamics Trends
  3. Europe Thermoplastic Polyolefin Market Analysis, 2024 - 2030 and Forecast, 2024 - 2030 (Revenue, USD Mn) Volume (000 MT)
    • Application Type Analysis 2024 - 2030 and Forecast 2024 - 2030 by (Revenue, USD Mn) Volume (000 MT), Y-o-Y Growth (%) and Market Share (%)
      • Automotive
      • Buildings & Construction
      • Home Appliances
      • Medical
      • Industrial
      • Footwear
    • Country Analysis 2024 - 2030 and Forecast 2024 - 2030 by (Revenue, USD Mn) Volume (000 MT) Y-o-Y Growth (%) and Market Share (%)
      • Germany
      • UK
      • France
      • Russia
      • Spain
      • Italy
      • Rest of Europe
    • Europe Thermoplastic Polyolefin Market - Opportunity Analysis Index, Application, and Country, 2019 2025
    • Europe Thermoplastic Polyolefin Market Dynamics Trends
  4. Asia-Pacific Thermoplastic Polyolefin Market Analysis, 2024 - 2030 and Forecast, 2024 - 2030 (Revenue, USD Mn) Volume (000 MT)
    • Application Type Analysis 2024 - 2030 and Forecast 2024 - 2030 by (Revenue, USD Mn) Volume (000 MT), Y-o-Y Growth (%) and Market Share (%)
      • Automotive
      • Buildings & Construction
      • Home Appliances
      • Medical
      • Industrial
      • Footwear
    • Country Analysis 2024 - 2030 and Forecast 2024 - 2030 by (Revenue, USD Mn) Volume (000 MT) Y-o-Y Growth (%) and Market Share (%)
      • Japan
      • China
      • India
      • ASEAN
      • Australia & New Zealand
      • Rest of Asia-Pacific
    • Asia-Pacific Thermoplastic Polyolefin Market - Opportunity Analysis Index, Application, and Country, 2019 2025
    • Asia-Pacific Thermoplastic Polyolefin Market Dynamics Trends
  5. Latin America Thermoplastic Polyolefin Market Analysis, 2024 - 2030 and Forecast, 2024 - 2030 (Revenue, USD Mn) Volume (000 MT)
    • Application Type Analysis 2024 - 2030 and Forecast 2024 - 2030 by (Revenue, USD Mn) Volume (000 MT), Y-o-Y Growth (%) and Market Share (%)
      • Automotive
      • Buildings & Construction
      • Home Appliances
      • Medical
      • Industrial
      • Footwear
    • Country Analysis 2024 - 2030 and Forecast 2024 - 2030 by (Revenue, USD Mn) Volume (000 MT) Y-o-Y Growth (%) and Market Share (%)
      • Brazil
      • Mexico
      • Argentina
      • Venezuela
      • Rest of Latin America
    • Latin America Thermoplastic Polyolefin Market - Opportunity Analysis Index, Application, and Country, 2018 2025
    • Latin America Thermoplastic Polyolefin Market Dynamics Trends
  6. Middle East and Africa Thermoplastic Polyolefin Market Analysis, 2024 - 2030 and Forecast, 2024 - 2030 (Revenue, USD Mn) Volume (000 MT)
    • Application Type Analysis 2024 - 2030 and Forecast 2024 - 2030 by (Revenue, USD Mn) Volume (000 MT), Y-o-Y Growth (%) and Market Share (%)
      • Automotive
      • Buildings & Construction
      • Home Appliances
      • Medical
      • Industrial
      • Footwear
    • Country Analysis 2024 - 2030 and Forecast 2024 - 2030 by (Revenue, USD Mn) Volume (000 MT) Y-o-Y Growth (%) and Market Share (%)
      • Gulf Cooperation Council (GCC) Countries
      • Israel
      • South Africa
      • Rest of MEA
    • MEA Thermoplastic Polyolefin Market - Opportunity Analysis Index, By Application, and Country, 2019 2025
    • MEA Thermoplastic Polyolefin Market Dynamics Trends
  7. Competition Landscape
    • Strategic Dashboard of Top Market Players
    • Company Profiles (Introduction, Financial Analysis, Drug Class & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
      • SABIC (Saudi Arabia)
      • LyondellBasell Industries
      • Schulman, Mitsui & Company Limited
      • ExxonMobil Corporation
      • The Dow Chemical Company
      • S&E Specialty Polymers,
      • SABIC Chemical Manufacturing Company,
      • DuPont
      • INEOS Chemicals Company
  8. Research Methodology
  9. Key Assumptions and Acronyms
  • LyondellBasell Industries
  • Schulman, Mitsui & Company Limited
  • ExxonMobil Corporation
  • The Dow Chemical Company
  • S&E Specialty Polymers,
  • SABIC Chemical Manufacturing Company,
  • DuPont
  • INEOS Chemicals Company

Adjacent Markets

Polyolefin Catalyst Market
Polyolefin Pipes Market
Polyolefin Foam Market
Global Thermoplastic Market
Thermoplastic Polyolefins Tpo Market
Global Polyolefin Market