Thermoplastic Polyolefins (TPO) Market Research Report 2020 | Top key Players Arkema S.A, Dow Chemical Company, A. Schulman Incorporation, SABIC, GAF, DuPont, INOES, Mitsui Chemicals, Specialty polymers, Saudi Aramco

Rising trend towards substituting polyvinyl chloride(PVC) due to risks related to its application can promote Thermoplastic Polyolefins Market demand. The growth of industry can be credited to exceptional properties of thermoplastic polyolefins like crystal clarity, design versatility, thermal stability, irritant potential, high resistance and no cytotoxicity. Further, polyolefins can be sterilised by ethylene oxide gas & gamma irradiation which makes them acceptable across medical applications.

Thermoplastic Polyolefins Market provide good performance & light mass that makes them desirable over other substances. Current changes in CAFE(Corporate Average Fuel Economy)have forced producers to discover & innovate new techniques for enhancing fuel efficacy that can favour global Market growth.

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Key industry participants profiled in the report include ExxonMobil, Sumitomo Chemical Company Limited, Arkema S.A, Dow Chemical Company, A. Schulman Incorporation, SABIC, GAF, DuPont, INOES, Mitsui Chemicals, Specialty polymers, Saudi Aramco, Spartech Corporation, Lyondell Basell, Noble Polymers, Polisystem UK Limited, RTP Company and S & E Specialty polymers.

The Thermoplastic Polyolefins Market is segmented into various applications like automotive applications, industrial applications, packaging applications and medical applications. Rising automotive segment produced revenue of more than $1.61 billion for 2015. Its growth in APAC and North America can propel industry expansion. Thermoplastic polyolefins are preferred more as compared to polymers & elastomers as they are light weighted and can be processed & designed with ease as well as easily recycled. Reduced mass helps in regulating carbon emissions and improves overall vehicle performance.

Industrial application is predicted to register CAGR of about 6.8% in terms of revenue during forecast timeframe and is predicted make highest profit. It was an important revenue contributor of the industry in past few years. Thermoplastic Polyolefins Market are utilised in making roof tops for commercial and residential uses due to its solar radiation obstructing feature.
Industrialisation at rapid pace in BRICS(Brazil, Russia, India, China and South Africa)countries can fuel demand for the product.

Partial Chapter of the Table of Content:

Chapter 6. Company Profiles

6.1. Arkema S.A.
6.1.1. Business Overview
6.1.2. Financial Data
6.1.3. Product Landscape
6.1.4. Strategic Outlook

6.2. Dow Chemical Company
6.2.1. Business Overview
6.2.2. Financial Data
6.2.3. Product Landscape
6.2.4. Strategic Outlook

6.3. ExxonMobil
6.3.1. Business Overview
6.3.2. Financial Data
6.3.3. Product Landscape
6.3.4. Strategic Outlook

6.4. SABIC
6.4.1. Business Overview
6.4.2. Financial Data
6.4.3. Product Landscape

6.5. INEOS
6.5.1. Business Overview
6.5.2. Financial Data
6.5.3. Product Landscape

6.6. GAF
6.6.1. Business Overview

Rising healthcare spending in APAC, U.S. and Europe is predicted to propel product demand. They are utilized in packaging materials which mainly adapt to wrap up moisture emitting & moisture containing items like poultry, meat and vegetables that are subjected to refrigeration.

Commercial & personal vehicle production was evaluated at 222.41 billion and 685.31 billion units respectively for 2015. Increasing automotive sector is projected to remain a driving force for increase in global demand for the product. Further, strict rules favouring rising vehicle fuel efficacy has encouraged industry players to minimize vehicle mass. Growing expenditure on construction in countries like Brazil, China and India may fuel product demand. India & China construction expenditure was more than $422 billion and $1.71 trillion respectively for 2015 which is predicted to contribute to enhanced demand of the product.

Europe is predicted to register CAGR of more than 5% in terms of revenue. It is led by countries like UK, Germany, Italy and France. Growing use of these items over traditional polymers and elastomers in medical & packaging applications are predicted to produce favorable effect in the region.

APACThermoplastic Polyolefins Market is predicted to cross $1.31 billion mark by end of 2023 and register a CAGR of 6.71% during forecast timeframe. Growing construction expenditure in countries like Japan, China and India is predicted to fuel product demand in the region during forecast timeline. Also the increasing demand for these products can be attributed to the fact that they are widely utilized in roofing both commercial as well as residential infrastructures.

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