Thermoplastic Polyolefins (TPO) Market Statistics Data, Leading Manufacturers, Growth Factors, Competitive Landscape, Demand and Business Boosting Strategies till 2023

Rising demand for sustainable materials across the automotive and construction sectors could boost the adoption of thermoplastic polyolefins (TPO) market. These materials are based on polypropylene that is modified to deliver better impact resistance and ductility than standard polypropylene (PP) grades.

Thermoplastic olefins are cost-effective material as it does not require prior drying before molding. Additionally, Thermoplastic polyolefins (TPO) market material properties can incorporate increased scratch/mar resistance and UV weathering when required. UV grades TPO compounds are designed to be well-suited with common paint solutions to offer an all-in-one solution for diverse industrial applications.

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Thermoplastic materials are finding immense significance in the automotive sector as the industry slowly inches towards adopting sustainable materials that are lightweight. TPOs are made up of resin blends from polypropylene (PP) along with polyethylene and un-crosslinked EPDM rubber. As a result, it features low density, good chemical resistance, and high impact resistance. This makes it ideal for automotive components.

Automakers use TPOs to increased durability and toughness of parts such as vehicle dashboards and bumpers. Thermoplastic polyolefins are widely deployed in both interior and exterior automotive applications. They are steadily substituting materials like metal and other thermoplastics. TPOs not only lower the weight of vehicles but also contribute to the aesthetic appearance. Exxon Chemical reported that customizing TPOs with metallocene-based plastomers could deliver improved flowability and low-temperature impact.

With the emergence of new grades, like MetaForm 7200 by Mytex Polymers, automakers now have the ability to prevent custom colors from fading due to prolonged sun exposure. Such varied applications of TPO across the automotive sector could boost the thermoplastic polyolefins market to over 4 billion by the end of 2023.

Diverse applications in the construction sector

Thermoplastic polyolefins (TPO) market roofing is steadily becoming the preferred roofing solution across the construction sector owing to its cost-effective features. These materials are easy to fabricate and have the potential to improve performance.

With increasing development in science and technology, roof membranes are becoming more sophisticated and functional. TPO materials are generally welded with EPDM roofs to enhance the structural quality of roofs. These roofs, which are already durable and compounded with carbon black to protect against UV rays, get a significant life-extension with TPO membranes.

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Rise of bio-based TPO membranes

As more countries enforce stringent environmental norms, the need for sustainable materials becomes more crucial. This need has influenced manufacturers to develop bio-based TPO membranes that are derived from several raw materials like fillers, polymers, additives or plasticizers coming from renewable sources.

Companies like Hexpol TPE are focusing on enhancing their portfolio by incorporating new grades to its bio-based TPE compounds portfolio. The ‘Dryflex Green’ series now features grades based on Thermoplastic polyolefins (TPO) market and Styrenic Block Copolymer (TPS) technologies, with over 90% of renewable content over overall ingredients.

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