Thermoplastic Polyolefin Market was valued US$ XX Bn in 2018 and is expected to reach US$ XX Bn by 2027, at CAGR of 7.2 % during forecast period of 2019 to 2027.

Plastics production rise up from XX MT in 2017 to XX MT in 2018. In 2018 global plastic’s production grew by 3.4% compared to 2017. The trend to substitute PVC (polyvinyl chloride) by Thermoplastic Polyolefin (TPO), because of growing environmental concerns in major end-use industries such as automotive and construction around the world has been boosting the mandate for TPOs during forecast period. Developments in terms of functionalities such as durability, lightweight, antioxidants abrasion resistance, economical, & UV light stabilizer to resist solar UV radiation and oxidation will make the product highly preferable in regions of extreme weather conditions.

The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.

Thermoplastic Polyolefin Market Drivers and Restrains

The growth of the global thermoplastic polyolefin market is predominantly driven by the increasing demand for the elastomer in making a variability of exterior and interior automotive parts. The higher attractiveness of polypropylene-based materials than others are compelling characteristics such as exhibit, particularly a combination of remarkable ductility, marked impact resistance, and recovering dimensional stability. The rising mandate for TPO in the construction and building industry in various countries are also accentuating growth of Thermoplastic Polyolefin Market.
The enormous bounds that the automotive production has taken in recent years, especially in developing regions such as Asia Pacific, is informing a robust momentum to the market growth. The mandate for Thermoplastic Polyolefin is catalyzed by the substantial focus of vehicle manufacturers in accepting light-weight automotive materials. The increasing application of TPO in home appliances and roofing materials is also propelling the growth of Thermoplastic Polyolefin market. Thermoplastic Polyolefin elastomers have emerged as a potentially cost-effective choice for all these applications.

The market is also facing few setbacks, most notably arising out if the fluctuating cost of raw materials (resin in the form of pellets and processed scrap) used for TPO production. For example, the unsteady price of polypropylene, a key raw material, has slowed down the growth of TPO market. The trend is prominent in Europe where the process are driven by the fluctuating cost of feedstock. Related to other TPE members, TPOs are relatively at a lower price. TPOs just like other TPEs can be fabricated using standard technologies including blow molding, injection molding, and calendaring. The global Thermoplastic Polyolefin Market saw a decline in demand, because of recovery in automotive industry around the globe.

Thermoplastic Polyolefin Market Segmentation Analysis with Region

The global Thermoplastic Polyolefin Market is segmented into Type, End-user and Region. In terms of type, the global Thermoplastic Polyolefin Market segmented into In-situ TPOs, Compounded TPOs, Thermoplastic Vulcanizes (TPVs), Olefin Block Copolymers (OBCs) and Polyolefin Elastomers (POEs). Global in-situ TPO growth averaged XX.32 % between 2017 and 2018, while the demand from North American is increased as the residential construction and automotive sector recovered. Growth in Western Japan and Europe has been slow in 2015-2018, because of weak economic conditions and the progressive automotive industry relocation. The main application of in-situ is impact modifiers, automotive exterior and bumpers, interior head impact trim, under the-hood impact, cladding, wire harness, and weather strip followed by construction roofing applications.

In terms of application, it is divided into automotive, building & construction, home appliances, medical, industrial, footwear, and others. An automotive segment is expected to grow at the highest XX% CAGR during the forecast period, thanks to its wide use in interior and exterior applications in the automobile industry. This segment contributed to over USD XX.XX billion to global thermoplastic polyolefin market share in the year 2018 and witness considerable growth during forecast period.

Multinational companies are proactively discovering the new opportunities in the automotive segment by adopting strategies such as the acquisition of start-up companies and forming deal to establish their presence in the market.
On the basis of region, Thermoplastic Polyolefin market divided into five regions such as Asia Pacific, North America, Europe, Latin America, and Middle East Africa. Among all the regions, the North America had the XX% market share in 2018 and is projected to lead the market during the forecast period, Because of vast strides being made by the automotive industry in the region. Asia Pacific is likely to witness the Strong growth of Thermoplastic Polyolefin Market with an estimated CAGR of 6.3 % from the year 2018 to 2027.

The objective of the report is to present comprehensive analysis of Thermoplastic Polyolefin Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers.

The report also helps in understanding Thermoplastic Polyolefin Market dynamics, structure by analyzing the market segments, and project the Thermoplastic Polyolefin Market size. Clear representation of competitive analysis of key players by Thermoplastic Polyolefin Type, price, financial position, product portfolio, growth strategies, and regional presence in the Thermoplastic Polyolefin Market make the report investor’s guide.

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Scope of the Thermoplastic Polyolefin Market

Thermoplastic Polyolefin Market, by Type

• In-situ TPOs
• Compounded TPOs
• Thermoplastic Vulcanizates (TPVs)
• Olefin Block Copolymers (OBCs)
• Polyolefin Elastomers (POEs)
Thermoplastic Polyolefin Market, by application

• Automotive
• Building & Construction
• Home Appliances
• Medical
• Industrial
• Footwear
• Others (Rubber Goods, etc.)
Thermoplastic Polyolefin Market, by Region

• Asia Pacific
• North America
• Europe
• Latin America
• Middle East Africa
Thermoplastic Polyolefin Market, Major Players

• Lyondell Basell Industries Holding B.V.
• Exxon Mobil Corporation
• Mitsui Chemicals, Inc.
• Borealis AG
• Mitsubishi Chemical Holding Corporation
• Chevron Phillips Chemical Company LLC
• PolyOne Corporation
• A.Schulman
• INEOS Group Limited
• Dow Chemicals
• BASF
• Eni S.p.A.
• LG Chemical
• Chevron Phillips Chemical





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