Thermoplastic Polyolefin Market Size, Share | Industry Trends Analysis Report, 2024
According to Transparency Market Research, competition in the TPO market is anticipated to remain intense throughout the forecast period owing to the fact that manufacturers in this market have an almost equal share and market size.
Get PDF Brochure for more Professional and Technical insights :
The opportunity presented by the global TPO market was pegged at US$2.3 bn in 2015 and is likely to be worth US$4.3 bn by 2024, expanding at a CAGR of 7.3% therein.
Automotive Sector Leads Global TPO Market by Demand and Revenue
The automotive sector emerged as the leading end-use segment of the global TPO market in 2015, accounting for a share of 60% that year. The segment is likely to register high growth in terms of both volume and value throughout the forecast period, registering a 7.6% CAGR by revenue. Other end-use segments such as general molded goods (GMG) and rubber goods are likely to remain stagnant in the coming years, as predicted by TMR.
Geographically, developed regions such as North America and Europe cumulatively accounted for a share of over 55% in 2015. However, these regions are projected to lose market share by 2024. Asia Pacific, on the other hand, is anticipated to surpass North America to emerge as the leading regional segment of the TPO market by the end of the forecast period. Large-scale production of TPO in countries such as Japan, China, and India is predicted to offer ample opportunities for the TPO market.
Significant Growth in Automotive Production in APAC a Promising Factor
TPO is widely used in interior and exterior applications in the automotive industry and any growth in this sector reflects positively on the global TPO market. “The global automotive production has increased over 15% since 2010, with Asia Pacific accounting for more than 50% of the global production,” the TMR analyst states. A rising focus on lightweight vehicles and the implementation of stringent environmental regulations related to carbon emissions bodes well for the TPO market. A substantial demand for TPO in home appliances and roofing membrane systems is also projected to benefit the global market in the coming years.
On the down side, the fluctuating prices of raw materials has raised several concerns among manufacturers, thereby challenging the growth of the TPO market. “Polypropylene is one of the most widely used raw materials for the production of TPO and the prices of polypropylene have been instable, particularly in Europe, since the last few years owing to high cost of feedstock,” the author of the study reports.
This review is based on the findings of a TMR report titled “Thermoplastic Polyolefin Market (End User - Automotive, Building & Construction, Home Appliances, Medical, Industrial, and Footwear) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024.”
TPO Market – End-user Analysis
Building & Construction
Others (Rubber Goods, etc.)
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
USA - Canada Toll Free: 866-552-3453
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Thermoplastic Polyolefin Market Size, Share | Industry Trends Analysis Report, 2024 here
News-ID: 437554 • Views: 274
More Releases from Transparency Market Research
Wearable EEG Devices Market: Growing incidences of Neurovascular Disorders is Dr …
According to new market research titled 'Wearable EEG Devices Market to 2027 - Global Analysis and Forecasts by Channel and Application.' The global wearable EEG devices market is expected to reach US$ 1,556.35 Mn in 2027 from US$ 745.05 Mn in 2018. The market is projected to grow with a CAGR of 8.7% from 2019-2027. The report provides trends prevailing in the global wearable EEG devices market and the factors
Decentralized Electricity Generation Market - Global Industry Analysis, Share, G …
Global Decentralized Electricity Generation Market: Overview With the increasing installation of smart grids and the rising number of electricity generation resources, the power generation industry has been undergoing a significant change over the recent past. The modification in the grid structure, which permits decentralization of electricity generation, is acting as the main driving force behind the substantial growth of the global market for decentralized electricity generation. The main objective of this research
Global Sucralose Market Outlook In The Developed And Emerging Industry
Sucralose Market Overview Sugar substitute market is witnessing an increasing demand driven by the increasing sales of various sugar substitutes such as natural sweeteners and artificial sweeteners. Sucralose, an artificial sweetener used as a sugar substitute is highly preferred by consumers owing to its zero calorie attribute. Though sucralose is 600 times sweeter than sugar but interestingly it is not identified as the carbohydrate by the human body. Sucralose has its
Flavored Syrup Market - Growth Powered with Latest Development Scenario & Influe …
Flavored Syrup Market Introduction Global syrup market is witnessing a significant demand generated by the food and beverage industry. Consumers' increasing preference for different and personalized flavors in food has driven the syrup manufacturers to produce a wide range of flavored syrups. Flavored syrups contain artificial or natural flavorings mixed along with sugar and water. Obtain Report Details @ https://www.transparencymarketresearch.com/flavored-syrup-market.html Increasing demand of flavored syrups especially among the consumers contributes to the
More Releases for TPO
TPO & TPV PP Compound Market Size, Share, Development by 2024
Global Info Research offers a latest published report on TPO & TPV PP Compound Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 102 pages which highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability. Click to view the full report TOC, figure and tables: https://www.globalinforesearch.com/global-tpo-tpv-pp-compound-market_p199489.html Engineering plastics and metals have
Thermoplastic Polyolefin (TPO) Membranes Market Segmentation and Development For …
Thermoplastic polyolefin membranes are among the fastest growing membrane products and have gained broad industry acceptance for their many performance and installation advantages. As demand increases for heat-reflective and energy efficient roofing systems etc demand, TPO membranes continue to provide exceptional resistance to ultraviolet, ozone and chemical exposure etc environmental damage. The global Thermoplastic Polyolefin (TPO) Membranes market was xx million US$ in 2018 and is expected to xx million US$
Global TPO Membranes Market Report, History and Forecast 2013-2025
This report studies the TPO Membranes market size (value and volume) by players, regions, product types and end industries, history data 2013-2017 and forecast data 2018-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis. Thermoplastic polyolefin membranes are among the fastest growing membrane products and have gained broad industry acceptance for their
Thermoplastic Polyolefins (TPO) Market Report | Industry Analysis 2017 to 2024
Rising application scope in automotive, construction and medical industry will drive the thermoplastic polyolefins market growth. Technological innovations in automobile component production led to increasing uses due to its light weight properties. 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
Mar 09, 2018: Thermoplastic Polyolefin (TPO) Market Forecast 2018-2025 Sinopec, …
Thermoplastic Polyolefin (TPO) Market Research 2018 A market study "Global Thermoplastic Polyolefin (TPO) Market" examines the performance of the Thermoplastic Polyolefin (TPO) market 2018. It encloses an in-depth Research of the Thermoplastic Polyolefin (TPO) market state and the competitive landscape Globally. This report analyzes the potential of Thermoplastic Polyolefin (TPO) market in the present and the future prospects from various angles in detail. The Global Thermoplastic Polyolefin (TPO) Market 2018 report includes
TPO Thermoplastic polyolefins market trends over 2016-2023: North America to dom …
Growing application scope of thermoplastic polyolefins in automobile and construction industries is predicted to drive thermoplastic polyolefins (TPO) market growth over the coming years. Automotive industry which contributed USD 2 billion to global thermoplastic polyolefins market share in 2015, is predicted to witness a substantial growth over 2016-2023 owing to outstanding product features such as design flexibility, processing ease, lightweight, thermal resistance, and ability to be recycled. Also, this weight