Press release
Thermoplastic Polyolefins (TPO) Market future trends to 2024 key players Dow Chemical, Arkema S.A, A. Schulman, Sumitomo Chemical, and ExxonMobil
Emerging trend to replace PVC due to rising ecological concerns will fuel the market growth. Excellent abrasion resistance, high strength, light weight, low costs, resistance to UV radiation and oxidation are the substantial properties encouraging usage in various applications.
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Construction application will witness CAGR over 5% up to 2023. Rising applications in commercial and residential roofing coupled with rapid urbanization and rising disposable income will trigger the thermoplastic polyolefins demand in this application. Weather resistance and flexibility at low temperatures are the beneficial properties driving industry growth.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Arkema S.A.
2. Dow Chemical Company
3. ExxonMobil
4. SABIC
5. INEOS
6. GAF
7. Spartech Corporation
8. LyondellBasell
9. Mitsui Chemicals
10. Noble Polymers
11. S & E Specialty Polymers
12. A.Schulman, Inc
Mitsubishi Chemicals, a Japan based company introduced olefin thermoplastic under brand ZELAS. The product will have applications in automotive interiors and exterior parts, medical as well as construction industry.
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Raw material availability including ethylene and propylene is mainly affected by crude oil index. Fluctuating crude oil index influence the product price trends, which may hamper the industry growth.
Central & South America (CSA) is estimated to register over 7% CAGR up to 2023. Expansion in packaging, e-commerce and medical industry will support this growth. Brazil thermoplastic polyolefins market size will witness CAGR around 8% by 2023 in industrial applications.
Global thermoplastic polyolefins market share is moderately competitive. The key industry participants include Lyondell Basell, Dow Chemicals, Hitachi Automotive Systems Americas Inc, DuPont, RTP, SABIC, INOES, and Saudi Aramco.
Forward integration and presence across large part of the value chain to extend geographical coverage are the major strategies adopted by these companies.
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Other industry participants include AGC Chemicals Americas Inc, Arkema S.A., Avon automotive, BASF group, Covestro AG, PolyOne Corporation, Solvay Specialty polymers Inc, GAF and Spartech.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
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