United States Thermoplastic Polyolefin (TPO) Market 2025: Industry Developments, Future Growth, Share & Industry Insights | Dow, Mitsui Chemical, Inc, Exxon Mobil Corporation, SABIC, Sumitomo Chemical

Thermoplastic Polyolefin (TPO) Market is expected grow at a CAGR of 6.10% during the forecast period 2024-2031.

DataM Intelligence has published a new research report on "Thermoplastic Polyolefin (TPO) Market Size 2025". The report explores comprehensive and insightful Information about various key factors like Regional Growth, Segmentation, CAGR, Business Revenue Status of Top Key Players and Drivers. The purpose of this report is to provide a telescopic view of the current market size by value and volume, opportunities, and development status.

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Key Players: Dow, Mitsui Chemical, Inc, Exxon Mobil Corporation, SABIC, Sumitomo Chemical Co., Ltd, LyondellBasell Industries N.V., Ineos Group Ltd, Borealis AG, Formosa Plastic Corporation and The Mitsubishi Chemical Holding Group.

USA - Industry Latest News 2025:

✅ 17 Feb 2025 - Avient launched new thermoplastic composite panels (HammerheadTM FR) to expand thermoplastic-based construction solutions (presented at NAHB IBS).

✅ 10 Feb 2025 - Sika (Sarnafil) introduced a new hybrid roofing membrane (SikaShield® HB79) and other roofing product-line additions in early-2025 in the US - shows active product launches in the roofing / membrane space where TPO competes.

✅ Mar 10, 2025 - ExxonMobil Chemical highlighted polyolefin solutions (VistamaxxTM, ExxtendTM) and recycling-support technologies at trade events (PLASTIMAGEN 2025), underlining new focus on polyolefin grades and recycling pathways relevant to TPO applications.

✅ 2025 (event) - SPE Automotive TPO® 2025 conference (Detroit/SPE) - major forum for automotive TPO innovations and new product announcements throughout 2025 (conference proceedings and presentations produced fresh technical developments).

Japan - Industry Latest News 2025:

✅ 11 Sept 2025 - (major consolidation announced) Merger/realignment consolidating polyolefin supply - Sumitomo's PP/PE integration into Prime Polymer (reported as 2025 consolidation).
(This consolidation affects downstream availability of polyolefins used to make TPO compounds and signals sector consolidation in Japan in 2025.)

✅ 16 Jun 2025 - SABIC previewed K-2025 participation and new specialty thermoplastic grades (announcements in mid-2025), indicating product rollouts and material showcases that include polyolefin solutions in the Japanese / APAC market context.

Korea - Industry Latest News 2025:

✅ 18 Apr 2025 - Lotte Chemical exited its POE (polyolefin elastomer) business, citing margin pressure and intense competition - a notable strategic move impacting polyolefin/TPO-related product portfolios in Korea.

✅ 28 Feb / Mar 2025 - LG Chem announced participation at industry expos (Tire Technology Expo etc.) to showcase sustainable/high-performance materials in 2025 - signals active product promotion in polyolefin/TPO end-markets (mobility, tires, interiors).

Europe - Industry Latest News 2025:

✅ Oct 6, 2025 (announced target first-half 2025 operations) - Borealis installed/commissioned a recyclate-based polyolefins compounding line in Beringen, Belgium (set to be fully operational in H1 2025) - expands supply of recyclate-containing polyolefins used for TPO/compound production.

✅ 2025 (throughout) - Borealis launched/planned new "QueoTM BornewablesTM" plastomers/elastomers and premium recyclate-based polyolefin portfolios in 2025 - product and compounding investments aimed at circular/polyolefin solutions (relevant to TPO compounding).

✅ Jan-Mar 2025 (various dates) - Sika continued product releases and acquisitions in roofing & waterproofing (self-adhering membranes, site expansions) during 2025 - active product-launch momentum in roofing membranes market where TPO competes.

Growth Forecast Projected:
The Global Thermoplastic Polyolefin (TPO) Market is anticipated to rise at a considerable rate during the forecast period, between 2025 and 2032. In 2024, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Thermoplastic Polyolefin (TPO) Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Key Segments:

By Type (In-situ TPO, Compounded TPO, POEs)

By Application (Automotive, Building & Construction, Medical, Wire & Cables, Others)

By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)

Regional Analysis for Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

Chapter 1: Sets the stage by outlining the report's coverage, summarizing key market segments by region, product type, and application. Presents a snapshot of market sizes, growth potential across segments, and anticipated industry evolution both short and long term.

Chapter 2: Highlights pivotal market insights and uncovers the most significant emerging trends driving change within the industry.

Chapter 3: Offers an in-depth look at the competitive landscape among Thermoplastic Polyolefin (TPO) producers, including revenue shares, strategic moves, and recent mergers and acquisitions.

Chapter 4: Presents comprehensive profiles of the market's key players, delving into details such as revenue, profit margins, product portfolios, and company milestones.

Chapters 5 & 6: Analyze Thermoplastic Polyolefin (TPO) revenue at both regional and country levels, providing quantitative breakdowns of market sizes, growth opportunities, and development prospects worldwide.

Chapter 7: Focuses on different market segments by type, examining their individual sizes and potential, guiding readers toward high-impact, untapped market areas.

Chapter 8: Explores segmentation by application, evaluating industry growth potential in various downstream markets and pinpointing promising sectors for expansion.

Chapter 9: Provides a thorough review of the industry's supply chain mapping out both upstream and downstream activities.

Chapter 10: Concludes with a summary of the report's key findings and highlights the most critical takeaways for industry stakeholders.

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FAQ's

Q1: How fast is the Thermoplastic Polyolefin (TPO) Market growing?

A: The Market is on an impressive growth trajectory, expected to expand at a CAGR of 6.10% from 2024-2031

Q2: Which regions are dominating the Thermoplastic Polyolefin (TPO) Market and which are fastest-growing?

A: Asia-Pacific dominating the Thermoplastic Polyolefin (TPO) market.

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