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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Thermoplastic Polyolefins (TPO) Market size was valued at USD 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.

Thermoplastic Polyolefins Tpo Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

6.6%

Largest Market

North America

Fastest Growing Market

N/A
Thermoplastic Polyolefins (TPO) Market Dynamics

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.

Key Features of the Reports

  • The report provides granular level information about the market size, regional market share, historic market (2018-2022), and forecast (2023-2029)
  • 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

By Product Type
  • In-situ
  • Compounded TPO
  • Thermoplastic Vulcanizates (TPV’s)
  • Thermoplastic Polyolefins(POE’s)
  • Olefinic Block Copolymer (OBC’s)
By Application
  • Automotive
  • Building & Construction
  • Industrial
  • Consumer & Home Appliances
  • Medical Devices
  • Sporting Goods
  • Others
Geography
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

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.

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 
  • 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.

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