Press release
Thermoplastic Polyolefin Market to reach USD 6.36 Bn by 2029, Technological Advancements and Growth Opportunities
According to a new report by MMR, the global Thermoplastic Polyolefin Market is expected to grow at a CAGR of 7.2 percent during the forecast period and is projected to reach USD 6.36 Bn by 2029. In 2021 it valued at 3.65 Bn.Thermoplastic Polyolefin Market Report Scope and Research Methodology
The report provides an extensive analysis of the market value, scope, research methodology, drivers, restraints, and regional insights for the Thermoplastic Polyolefin Market. The growth of the global thermoplastic polyolefin market is driven by the increasing demand for the elastomer in making a variety of exterior and interior automotive parts. The higher attractiveness of polypropylene-based materials than others is compelling characteristics such as exhibit, particularly a combination of remarkable ductility, marked impact resistance, and recovering dimensional stability.
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Thermoplastic Polyolefin Market Dynamics
The report also highlights the trend to substitute PVC (polyvinyl chloride) by Thermoplastic Polyolefin (TPO), because of growing environmental concerns in major end-use industries such as automotive and construction around the world, boosting the mandate for TPOs during the forecast period. Developments in terms of functionalities such as durability, lightweight, antioxidants abrasion resistance, economical, & UV light stabilizer to resist solar UV radiation and oxidation will make the product highly preferable in regions of extreme weather conditions.
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The global Thermoplastic Polyolefin Market is segmented into Type, End-user, and Region. In terms of type, the global Thermoplastic Polyolefin Market is segmented into In-situ TPOs, Compounded TPOs, Thermoplastic Vulcanizes (TPVs), Olefin Block Copolymers (OBCs) and Polyolefin Elastomers (POEs). In terms of application, it is divided into automotive, building & construction, home appliances, medical, industrial, footwear, and others.
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Thermoplastic Polyolefin Market Regional Insights
On the basis of region, Thermoplastic Polyolefin market is divided into five regions such as Asia Pacific, North America, Europe, Latin America, and Middle East Africa. The report also discusses the challenges faced by the market, such as the fluctuating cost of raw materials (resin in the form of pellets and processed scrap) used for TPO production, especially in Europe, where the process is driven by the fluctuating cost of feedstock.
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Thermoplastic Polyolefin Market Segmentation
By Type:
• In-situ TPOs
• Compounded TPOs
• Thermoplastic Vulcanizates (TPVs)
• Olefin Block Copolymers (OBCs)
• Polyolefin Elastomers (POEs)
By Application:
• Automotive
• Building & Construction
• Home Appliances
• Medical
• Industrial
• Footwear
• Others (Rubber Goods, etc.)
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Thermoplastic Polyolefin Market Key Competitors include:
• Lyondell Basell Industries Holding B.V.
• Exxon Mobil Corporation
• Mitsui Chemicals, Inc.
• Borealis AG
• Mitsubishi Chemical Holding Corporation
• Chevron Phillips Chemical Company LLC
• PolyOne Corporation
• A.Schulman
• INEOS Group Limited
• Dow Chemicals
• BASF
• Eni S.p.A.
• LG Chemical
• Chevron Phillips Chemical
• Arkema SA
• Chemtura Corp.
• SABIC
• LyondellBasell
• Noble Polymers
Table of Content for Thermoplastic Polyolefin Market
Global Thermoplastic Polyolefin Market: Research Methodology
Global Thermoplastic Polyolefin Market: Executive Summary
Market Overview and Definitions
Introduction to Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global Thermoplastic Polyolefin Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
Global Thermoplastic Polyolefin Market Segmentation
Global Market, by Type (2021-2029)
Global Market, by Application (2021-2029)
Regional Thermoplastic Polyolefin Market (2021-2029)
Regional Market, by Type (2021-2029)
Regional Market, by Application (2021-2029)
Regional Market, by Country (2021-2029)
Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Offerings:
Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Type and Application
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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