Thermoplastic Polyolefins (TPO) Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028

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Thermoplastic Polyolefins (TPO) Market by Product Type (In-situ, Compounded TPO, Thermoplastic Vulcanizates (TPV’s), Thermoplastic Polyolefins(POE’s) and Olefinic Block Copolymer (OBC’s)), By Application (Automotive, Building & Construction, Industrial, Consumer & Home Appliances, Medical Devices, Sporting Goods and Others), and Geography.

 

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Report

Description

The global thermoplastic polyolefins (TPO) market size is valued at USD 4,678.4 million in 2021 and is expected to grow at a CAGR of 6.6% during the forecast period 2022 to 2028. 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.

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.

Thermoplastic Polyolefins (TPO) Market

MARKET SUMMARY
-
6.6% CAGR
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR–6.6%
  • Largest Market– North America
  • Fastest Growing- Asia Pacific

Thermoplastic Polyolefins (TPO) Market

  • The thermoplastic polyolefins (TPO) market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • The thermoplastic polyolefins (TPO) market is segmented based on product type, application and geography.
Market Leaders
  • Arkema SA (France)
  • Chemtura Corp. (US)
  • Dow Chemical Company (US)
  • ExxonMobil (US)
  • SABIC (Saudi Arabia)
  • INEOS Olefins & PolyOne Distribution
  • GAF
Thermoplastic Polyolefins (TPO) Market Drivers

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.


Thermoplastic Polyolefins (TPO) Market Regional Analysis

North America dominates the market

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
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market (2017-2021), and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and 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 startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of the socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis
Thermoplastic Polyolefins (TPO) Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

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.


Report

Table Of Content


Report

Company Profile

  • Arkema SA (France)
  • Chemtura Corp. (US)
  • Dow Chemical Company (US)
  • ExxonMobil (US)
  • SABIC (Saudi Arabia)
  • INEOS Olefins & PolyOne Distribution
  • GAF
  • LyondellBasell, Spartech Polycom
  • RheTech, Johns-Manville Corporation
  • Noble Polymers (Cascade Engineering)
  • Shell Chemical
  • A Schulman, Inc.
  • RTP Company
  • Sumitomo Chemical
  • Saudi Aramco,
  • Zylog and Polisystem UK Ltd.

Description

The global thermoplastic polyolefins (TPO) market size is valued at USD 4,678.4 million in 2021 and is expected to grow at a CAGR of 6.6% during the forecast period 2022 to 2028. 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.

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.

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