Thermoplastic Polyolefins (TPO) Market Analysis, Market Size, Share, Regional Outlook, Industry Trends, Competitive Strategies And Segment Forecasts, 2012 To 2020
Thermoplastic Polyolefins (TPO) contain polymers including polypropylene, polyethylene and rubber with filler material. TPOs are processed like thermoplastics and come under thermoplastic elastomers family.
Thermoplastic Polyolefins (TPO) contain polymers including polypropylene, polyethylene and rubber with filler material. TPOs are processed like thermoplastics and come under thermoplastic elastomers family.
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Hexa Research Inc.<br />
<strong>Industry</strong> Research,Custom Research & Consulting<br />
Providing luxurious interior and exterior design is the key factor for market players to gain competitive<br />
advantage over their competitors. Increasing application scope of <strong>TPO</strong> in automotive interior and<br />
exterior designs is anticipated to fuel the market growth over the next six years. <strong>TPO</strong> is gaining<br />
popularity on account of its properties including weather resistance, waterproof and design flexibility.<br />
Increasing <strong>TPO</strong> application in construction sector for roofing purpose is the key factor likely to surge the<br />
market growth over the next six years.<br />
In addition, increasing government spending on infrastructure development in emerging BRIC countries<br />
is the key factor anticipated to boost <strong>TPO</strong> market demand over the forecast period. <strong>TPO</strong> with UV<br />
stabilization provide superior advantages where outstanding impact properties at different temperature<br />
are required. Typical applications include automotive bumper and fascia components, recreation vehicle<br />
cowls and lawn and garden machinery guards. These applications of UV stabilized <strong>TPO</strong> is anticipated to<br />
boost <strong>TPO</strong> demand over the next six years.<br />
<strong>TPO</strong> are ecofriendly polymers possessing similar properties of PVC. Growing environmental concerns<br />
and controversial debate on PVC usage has negatively affected the PVC market recently. In addition,<br />
stringent regulations from EU commission in Europe restricted the usage of PVC in this region. Eco<br />
friendly nature of <strong>TPO</strong> replaced PVC in major industrial applications, and it is expected to augment the<br />
market growth over the next six years.<br />
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Application Insights<br />
Automotive industry was the largest market for <strong>TPO</strong> over the last few years on account of growing<br />
automobiles demand across the world. Increasing automotive manufacturers in countries such as India,<br />
China and Brazil is anticipated to drive <strong>TPO</strong> market at a good pace in this region. Construction sector was<br />
the second major market for <strong>TPO</strong> in 2013. Increasing construction projects including roads, flyovers,<br />
commercial complexes and residential projects on account of infrastructure development in BRICS is<br />
likely to fuel the market growth over the forecast period. Global <strong>TPO</strong> market is expected to witness<br />
significant growth over the next seven years owing to increasing application in major end-use industries<br />
including electrical, packaging and healthcare.<br />
<strong>Regional</strong> Insights<br />
North America was the dominating regional market over the past few years, and the trend is expected<br />
to continue over the forecast period. On account of matured automotive market in North America, <strong>TPO</strong>
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