Thermoplastic Polyolefins Market: By Product Type, Thermoplastic Polyolefins and Olefinic Block Copolymer ), By Application, and Geography.
Thermoplastic Polyolefins (TPO) Market size was valued at US$ 4,678.4 million in 2022 and is anticipated to grow at a CAGR of 6.6 % from 2023-2029. The global market provides a detailed overview of the global thermoplastic polyolefins (TPO) market, and that can be segmented by product type and by application. By product type, the global thermoplastic polyolefins (TPO) market has been segmented into In-situ, Compounded TPO, Thermoplastic Vulcanizates (TPV’s), Thermoplastic Polyolefins (POE’s) and Olefinic Block Copolymer (OBC’s). The Compounded TPO segment is likely to be the largest and fastest-growing segment in terms of type. This is attributed to the increasing adoption rate in the automotive sector to reduce weight of vehicles and improve their fuel efficiency. Based on application, the global thermoplastic polyolefins (TPO) market is segmented Automotive, Building & Construction, Industrial, Consumer & Home Appliances, Medical Devices, Sporting Goods and Others. Among these, the Automotive segment is expected to have the fastest-growing market during the forecast period 2022-2028 according to precision business insights. The automotive segment will dominate further due to the growing demand for light weight vehicles, government policies and supports, well developed transportation infrastructure, and growing economy in emerging countries. By region, the North America is expected to witness the highest market share during the forecast period it holds a tremendous potential market for global thermoplastic polyolefins (TPO) due to increasing number of thermoplastic polyolefins (TPO) dealers. Thermoplastic Polyolefins (TPO) is made of polymers such as polypropylene, polyethylene and rubber with filler material. The growing automotive industry and increasing construction activities are driving the global market demand for TPO. However, volatility in the prices of raw materials and a high threat from substitutes may hamper the growth of the TPO market in the forecasted years.
Thermoplastic Polyolefins (TPO) Market Key Developments:
In Dec 2020, Ineos Group acquired 100% shares of Gemini HDPE with Sasol Chemicals. The company manufactured high density polyethylene in LA Porte, Texas.
Study Period
2024-2030Base Year
2023CAGR
6.6%Largest Market
North AmericaFastest Growing Market
N/A
Rapid growth in the automotive industry and increasing construction activities are anticipated to propel the market growth over the forecast years. Moreover, the increasing preference for light-weight vehicles is burgeon the market growth over the forecast years.
By region, the North America is expected to witness the highest market share during the forecast period it holds a tremendous potential market for global poultry diagnostic due to advanced technology, increase demand for poultry derived products such as chicken, egg, etc.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2022 |
US$ 4,678.4 million |
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Market CAGR |
6.6% |
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By Product Type |
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By Application |
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By Region |
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The fastest-growing segment of the global thermoplastic polyolefins (TPO) market is Compounded TPO. Compound TPOs are high-performance elastomers to improve the performance of various products. Hence, this segment will further increase at a significant rate.
Regulations in the food, packaging, medical, and automotive to reduce hazardous wastage, the use of TPOs are increasing thereby replacing natural rubber, synthetic rubber, PVC, and silicone. Hence, this is the key opportunity in the global market.
Increasing trend of plastic recycling will boost the global market growth at a significant CAGR.
The prices of many TPOs are increasing at faster rate due to the increasing labor and energy costs and the fluctuation in the price of crude oil. This may negatively impact the global thermoplastic polyolefins market growth.
| 1. Executive Summary |
| 2. Global Thermoplastic Polyolefins Tpo Market Introduction |
| 2.1.Global Thermoplastic Polyolefins Tpo Market - Taxonomy |
| 2.2.Global Thermoplastic Polyolefins Tpo Market - Definitions |
| 2.2.1.Product Type |
| 2.2.2.Application |
| 2.2.3.Region |
| 3. Global Thermoplastic Polyolefins Tpo Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4. Global Thermoplastic Polyolefins Tpo Market Analysis, 2018 - 2022 and Forecast 2023 - 2029 |
| 4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Thermoplastic Polyolefins Tpo Market By Product Type, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 5.1. In-situ |
| 5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Compounded TPO |
| 5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Thermoplastic Vulcanizates (TPV’s) |
| 5.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Thermoplastic Polyolefins(POE’s) |
| 5.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Olefinic Block Copolymer (OBC’s) |
| 5.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 6. Global Thermoplastic Polyolefins Tpo Market By Application, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 6.1. Automotive |
| 6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Building & Construction |
| 6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Industrial |
| 6.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Consumer & Home Appliances |
| 6.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Medical Devices |
| 6.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Sporting Goods |
| 6.6.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 6.7. Others |
| 6.7.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.7.3. Market Opportunity Analysis |
| 7. Global Thermoplastic Polyolefins Tpo Market By Region, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia Pacific (APAC) |
| 7.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Middle East and Africa (MEA) |
| 7.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Latin America |
| 7.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8. North America Thermoplastic Polyolefins Tpo Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 8.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1.In-situ |
| 8.1.2.Compounded TPO |
| 8.1.3.Thermoplastic Vulcanizates (TPV’s) |
| 8.1.4.Thermoplastic Polyolefins(POE’s) |
| 8.1.5.Olefinic Block Copolymer (OBC’s) |
| 8.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1.Automotive |
| 8.2.2.Building & Construction |
| 8.2.3.Industrial |
| 8.2.4.Consumer & Home Appliances |
| 8.2.5.Medical Devices |
| 8.2.6.Sporting Goods |
| 8.2.7.Others |
| 8.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.3.1.United States of America (USA) |
| 8.3.2.Canada |
| 9. Europe Thermoplastic Polyolefins Tpo Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 9.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.In-situ |
| 9.1.2.Compounded TPO |
| 9.1.3.Thermoplastic Vulcanizates (TPV’s) |
| 9.1.4.Thermoplastic Polyolefins(POE’s) |
| 9.1.5.Olefinic Block Copolymer (OBC’s) |
| 9.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Automotive |
| 9.2.2.Building & Construction |
| 9.2.3.Industrial |
| 9.2.4.Consumer & Home Appliances |
| 9.2.5.Medical Devices |
| 9.2.6.Sporting Goods |
| 9.2.7.Others |
| 9.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Germany |
| 9.3.2.France |
| 9.3.3.Italy |
| 9.3.4.United Kingdom (UK) |
| 9.3.5.Spain |
| 9.3.6.Rest of EU |
| 10. Asia Pacific (APAC) Thermoplastic Polyolefins Tpo Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 10.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.In-situ |
| 10.1.2.Compounded TPO |
| 10.1.3.Thermoplastic Vulcanizates (TPV’s) |
| 10.1.4.Thermoplastic Polyolefins(POE’s) |
| 10.1.5.Olefinic Block Copolymer (OBC’s) |
| 10.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Automotive |
| 10.2.2.Building & Construction |
| 10.2.3.Industrial |
| 10.2.4.Consumer & Home Appliances |
| 10.2.5.Medical Devices |
| 10.2.6.Sporting Goods |
| 10.2.7.Others |
| 10.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.China |
| 10.3.2.India |
| 10.3.3.Australia and New Zealand (ANZ) |
| 10.3.4.Japan |
| 10.3.5.Rest of APAC |
| 11. Middle East and Africa (MEA) Thermoplastic Polyolefins Tpo Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 11.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.In-situ |
| 11.1.2.Compounded TPO |
| 11.1.3.Thermoplastic Vulcanizates (TPV’s) |
| 11.1.4.Thermoplastic Polyolefins(POE’s) |
| 11.1.5.Olefinic Block Copolymer (OBC’s) |
| 11.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Automotive |
| 11.2.2.Building & Construction |
| 11.2.3.Industrial |
| 11.2.4.Consumer & Home Appliances |
| 11.2.5.Medical Devices |
| 11.2.6.Sporting Goods |
| 11.2.7.Others |
| 11.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.GCC Countries |
| 11.3.2.South Africa |
| 11.3.3.Rest of MEA |
| 12. Latin America Thermoplastic Polyolefins Tpo Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 12.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.In-situ |
| 12.1.2.Compounded TPO |
| 12.1.3.Thermoplastic Vulcanizates (TPV’s) |
| 12.1.4.Thermoplastic Polyolefins(POE’s) |
| 12.1.5.Olefinic Block Copolymer (OBC’s) |
| 12.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Automotive |
| 12.2.2.Building & Construction |
| 12.2.3.Industrial |
| 12.2.4.Consumer & Home Appliances |
| 12.2.5.Medical Devices |
| 12.2.6.Sporting Goods |
| 12.2.7.Others |
| 12.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Brazil |
| 12.3.2.Mexico |
| 12.3.3.Rest of LA |
| 13. Competition Landscape |
| 13.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 13.2.1.Arkema SA (France) |
| 13.2.2.Chemtura Corp. (US) |
| 13.2.3.Dow Chemical Company (US) |
| 13.2.4.ExxonMobil (US) |
| 13.2.5.SABIC (Saudi Arabia) |
| 13.2.6.INEOS Olefins & PolyOne Distribution |
| 14. Research Methodology |
| 15. Appendix and Abbreviations |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.
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