Global Thermoplastic Polyolefin Market Size, Trends & Growth Opportunity, By application (Automotive, building and construction, home appliances, medical, industrial, footwear, and other) By Region and Forecast till 2027
Report ID : QR1001326 | Industries : Chemicals & Materials | Published On :January 2022 | Page Count : 259Global Thermoplastic Polyolefin Market
Thermoplastic polyolefins (TPO) are used to meet the needs of applications that require elastomer and thermoplastic functions for efficient operation. It is made by combining polypropylene/polyethylene with elastic ethylene copolymers (polyolefin elastomers, or POE), as well as other reinforcing fillers and additives.
Drivers: Thermoplastic Polyolefin Market
The Driving Factors of Thermoplastic Polyolefin Market are in the automotive and construction industries are in high demand. High product demand in the automotive and construction industries will drive the event of the thermoplastic polyolefin market in the coming years. Aside from that, an increase in tyre and rubber product sales will generate a profitable profit for the thermoplastic polyolefin market in the near future.
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Restraints: Thermoplastic Polyolefin Market
However, Plastic valves are good, but not as good as metal valves for specific functions, and metal valves give higher long-term reliability than plastic valves. Over the projected period, this factor is expected to restrain the worldwide Thermoplastic Polyolefin Market's growth. However, future improvements in plastic valve technology that make them suited for higher temperatures.
Impact of COVID-19
The outbreak has impacted virtually every firm, and its long-term ramifications are projected to have an impact on industry growth over the forecast period. The availability and cost of raw materials, on the other hand, are subject to volatility. This has hampered market prospects because these factors have harmed most manufacturers' consistent profit margins. To overcome the challenges of raw material sourcing, top players are forming collaborations and partnerships.
Segmentation by Application:
By application, Thermoplastic Polyolefin Market is further classified into Automotive, building and construction, home appliances, medical, industrial, footwear, and other industries are examples. In terms of volume and revenue, the automotive industry is a key segment in the application of TPOs and will dominate the application market in 2020. The growth of the automotive industry, particularly in the BRICS emerging economies, is expected to boost future demand for TPOs.
Segmentation by Region
By Region the market is segmented into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa. North America has been leading the global thermoplastic polyolefin market and is expected to maintain its dominance in the coming years. Furthermore, strict fuel conservation legislation across the automotive industry is a significant factor supporting the growth of this regional thermoplastic polyolefin market.
Competitive Landscape:
LG Chem, SABIC, Mitsui Chemicals, Inc., Eastman Chemical Company, Exxon Mobil Corporation, LyondellBasell, 3M company, KOLONPLASTIC, INC., Borealis AG., Kuraray America, Inc., and Saint-Gobain.
Industrial Development:
In December 2020, Ineos Group acquired a 100 percent stake in its joint venture with Sasol Chemicals, "Gemini HDPE." In LA Porte, Texas, the company manufactures high density polyethylene.
In November 2020, Aramco paid USD 69.1 billion to purchase a 70% stake in SABIC from the Public Investment Fund (PIFF), Saudi Arabia's sovereign wealth fund.
Market taxonomy
By application
- Automotive
- Machinery
- Other
By region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Global Thermoplastic Polyolefin (TPO) Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
5 Thermoplastic Polyolefin (TPO) Market, By Application
5.1 Y-o-Y Growth Comparison, By Application
5.2 Thermoplastic Polyolefin (TPO) Market Share Analysis, By Application
5.3 Thermoplastic Polyolefin (TPO) Market Size and Forecast, By Application
5.3.1 automotive
5.3.2 building & construction
5.3.3 Home appliances
5.3.4 medical
5.3.5 Industrial
5.3.6 footwear
5.3.7 others
6 Thermoplastic Polyolefin (TPO) Market, By Region
6.1 Thermoplastic Polyolefin (TPO) Market Share Analysis, By Region
6.2 Thermoplastic Polyolefin (TPO) Market Share Analysis, By Region
6.3 Thermoplastic Polyolefin (TPO) Market Size and Forecast, By Region
7 North America Thermoplastic Polyolefin (TPO) Market Analysis and Forecast (2021-2026)
7.1 Introduction
7.2 North America Thermoplastic Polyolefin (TPO) Market Share Analysis, By Resin Type
7.3 North America Thermoplastic Polyolefin (TPO) Market Size and Forecast, By Application
7.4 North America Thermoplastic Polyolefin (TPO) Market Size and Forecast, By Technology
7.5 North America Thermoplastic Polyolefin (TPO) Market Size and Forecast, By Country
7.5.1 U.S.
7.5.2 Canada
7.5.3 Mexico
8 Europe Thermoplastic Polyolefin (TPO) Market Analysis and Forecast (2021-2026)
8.1 Introduction
8.2 Europe Thermoplastic Polyolefin (TPO) Market Share Analysis, By Type
8.3 Europe Thermoplastic Polyolefin (TPO) Market Size and Forecast, By Application
8.4 Europe Thermoplastic Polyolefin (TPO) Market Size and Forecast, By End User
8.5 Europe Thermoplastic Polyolefin (TPO) Market Size and Forecast, By Country
8.5.1 Germany
8.5.2 France
8.5.3 UK
8.54. Rest of Europe
9 Asia Pacific Thermoplastic Polyolefin (TPO) Market Analysis and Forecast (2021-2026)
9.1 Introduction
9.2 Asia Pacific Thermoplastic Polyolefin (TPO) Market Share Analysis, By Type
9.3 Asia Pacific Thermoplastic Polyolefin (TPO) Market Size and Forecast, By Application
9.4 Asia Pacific Thermoplastic Polyolefin (TPO) Market Size and Forecast, By End User
9.5 Asia Pacific Thermoplastic Polyolefin (TPO) Market Size and Forecast, By Country
9.5.1 China
9.5.2 Japan
9.5.3 India
9.5.4. Rest of Asia Pacific
10 Latin America Thermoplastic Polyolefin (TPO) Market Analysis and Forecast (2021-2026)
10.1 Introduction
10.2 Latin America Thermoplastic Polyolefin (TPO) Market Share Analysis, By Type
10.3 Latin America Thermoplastic Polyolefin (TPO) Market Size and Forecast, By Application
10.4 Latin America Thermoplastic Polyolefin (TPO) Market Size and Forecast, By End User
10.5 Latin America Thermoplastic Polyolefin (TPO) Market Size and Forecast, Country
10.5.1. Brazil
10.5.2. Rest of Latin America
11 Middle East Thermoplastic Polyolefin (TPO) Market Analysis and Forecast (2021-2026)
11.1 Introduction
11.2 Middle East Thermoplastic Polyolefin (TPO) Market Share Analysis, By Type
11.3 Middle East Thermoplastic Polyolefin (TPO) Market Size and Forecast, By Application
11.4 Middle East Thermoplastic Polyolefin (TPO) Market Size and Forecast, By End User
11.5 Middle East Thermoplastic Polyolefin (TPO) Market Size and Forecast, By Country
11.5.1. Saudi Arabia
11.5.2. UAE
11.5.3. Egypt
11.5.4. Kuwait
11.5.5. South Africa
12 Competitive Analysis
12.1 Competition Dashboard
12.2 Market share Analysis of Top Vendors
12.3 Key Development Strategies
13 Company Profiles
13.1 LG Chem
13.1.1 Overview
13.1.2 Offerings
13.1.3 Key Financials
13.1.4 Business Segment & Geographic Overview
13.1.5 Key Market Developments
13.1.5 Key Strategies
13.2. SABIC
13.2.1 Overview
13.2.2 Offerings
13.2.3 Key Financials
13.2.4 Business Segment & Geographic Overview
13.2.5 Key Market Developments
13.2.5 Key Strategies
13.3. Mitsui Chemicals, Inc.
13.3.1 Overview
13.3.2 Offerings
13.3.3 Key Financials
13.3.4 Business Segment & Geographic Overview
13.3.5 Key Market Developments
13.3.5 Key Strategies
13.4 Eastman Chemical Company
13.4.1 Overview
13.4.2 Offerings
13.4.3 Key Financials
13.4.4 Business Segment & Geographic Overview
13.4.5 Key Market Developments
13.4.5 Key Strategies
13.5 Exxon Mobil Corporation
13.5.1 Overview
13.5.2 Offerings
13.5.3 Key Financials
13.5.4 Business Segment & Geographic Overview
13.5.5 Key Market Developments
13.5.5 Key Strategies
13.5 LyondellBasell
13.5.1 Overview
13.5.2 Offerings
13.5.3 Key Financials
13.5.4 Business Segment & Geographic Overview
13.5.5 Key Market Developments
13.5.5 Key Strategies
13.6 3M company
13.6.1 Overview
13.6.2 Offerings
13.6.3 Key Financials
13.6.4 Business Segment & Geographic Overview
13.6.5 Key Market Developments
13.6.5 Key Strategies
13.6 KOLONPLASTIC, INC.,
13.6.1 Overview
13.6.2 Offerings
13.6.3 Key Financials
13.6.4 Business Segment & Geographic Overview
13.6.5 Key Market Developments
13.6.5 Key Strategies
13.7 Borealis AG.
13.7.1 Overview
13.7.2 Offerings
13.7.3 Key Financials
13.7.4 Business Segment & Geographic Overview
13.7.5 Key Market Developments
13.7.5 Key Strategies
13.8 Kuraray America, Inc.
13.8.1 Overview
13.8.2 Offerings
13.8.3 Key Financials
13.8.4 Business Segment & Geographic Overview
13.8.5 Key Market Developments
13.8.5 Key Strategies