Thermoplastic Polyolefin Market Size, Share | Industry Trends Analysis Report, 2024

Thermoplastic Polyolefin Market Size, Share | Industry Trends Analysis
Report, 2024
Date: 03-22-2017 04:21 PM CET
Category: Business, Economy, Finances, Banking & Insurance
Press release from: Transparency Market Research
The global thermoplastic polyolefin (TPO) market is moderately consolidated, with the top seven manufacturers accounting
for more than 60% of the market in 2015. The three leading manufacturers of TPO, namely Lyondell Basell Industries N.V.,
Exxon Mobil Corporation, and Mitsui Chemicals, Inc., have a stronger foothold in the market than the rest, focusing mainly on
mergers and acquisitions and capacity expansions as their key growth strategies. For instance, Mitsui Chemicals, Inc. is
planning to expand its TPO facility in Chiba, Japan and production in this facility is likely to commence by 2018.
Browse Market Research Report @
www.transparencymarketresearch.com/thermoplastic-polyolef...
According to Transparency Market Research, competition in the TPO market is anticipated to remain intense throughout the
forecast period owing to the fact that manufacturers in this market have an almost equal share and market size.
The opportunity presented by the global TPO market was pegged at US$2.3 bn in 2015 and is likely to be worth US$4.3 bn
by 2024, expanding at a CAGR of 7.3% therein.
Automotive Sector Leads Global TPO Market by Demand and Revenue
The automotive sector emerged as the leading end-use segment of the global TPO market in 2015, accounting for a share of
60% that year. The segment is likely to register high growth in terms of both volume and value throughout the forecast period,
registering a 7.6% CAGR by revenue. Other end-use segments such as general molded goods (GMG) and rubber goods are
likely to remain stagnant in the coming years, as predicted by TMR.
Geographically, developed regions such as North America and Europe cumulatively accounted for a share of over 55% in
2015. However, these regions are projected to lose market share by 2024. Asia Pacific, on the other hand, is anticipated to
surpass North America to emerge as the leading regional segment of the TPO market by the end of the forecast period.
Large-scale production of TPO in countries such as Japan, China, and India is predicted to offer ample opportunities for the
TPO market.
Fill the form for an exclusive sample of this report @
www.transparencymarketresearch.com/sample/sample.php?flag...
Seite 1 / 2

Significant Growth in Automotive Production in APAC a Promising Factor
TPO is widely used in interior and exterior applications in the automotive industry and any growth in this sector reflects
positively on the global TPO market. “The global automotive production has increased over 15% since 2010, with Asia Pacific
accounting for more than 50% of the global production,” the TMR analyst states. A rising focus on lightweight vehicles and
the implementation of stringent environmental regulations related to carbon emissions bodes well for the TPO market. A
substantial demand for TPO in home appliances and roofing membrane systems is also projected to benefit the global market
in the coming years.
On the down side, the fluctuating prices of raw materials has raised several concerns among manufacturers, thereby
challenging the growth of the TPO market. “Polypropylene is one of the most widely used raw materials for the production of
TPO and the prices of polypropylene have been instable, particularly in Europe, since the last few years owing to high cost of
feedstock,” the author of the study reports.
Get Request For Discount On This Report @
www.transparencymarketresearch.com/sample/sample.php?flag...
This review is based on the findings of a TMR report titled “Thermoplastic Polyolefin Market (End User - Automotive,
Building & Construction, Home Appliances, Medical, Industrial, and Footwear) - Global Industry Analysis, Size, Share,
Growth, Trends, and Forecast 2016 - 2024.”
TPO Market – End-user Analysis
Automotive
Building & Construction
Home Appliances
Medical
Industrial
Footwear
Others (Rubber Goods, etc.)
About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and
services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for
thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources
and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest
trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous
primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Contact Us
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: www.transparencymarketresearch.com/
Visit Blog : depthresearchreport.blogspot.in/
You can find this press release here
Seite 2 / 2