Press release
Thermoplastic Polyolefins (TPO) Market Global Trends 2016 to 2023, Future Growth & Industry Drivers
Rise in vehicle sales and construction activities across the globe is predicted to drive thermoplastic polyolefins market size over the coming years. According to Global Market Insights, Inc., “Thermoplastic Polyolefins Industry size is anticipated to reach USD 4 billion by 2023.” Moreover, it finds wide applications in medical industry owing to favorable features such as excellent thermal stability, design versatility, crystal clarity, mutagenic potential, and high resistance. Strict government norms for reducing greenhouse emissions to minimize environmental pollution is predicted to boost the demand for thermoplastic polyolefins over the next few years.Global Market Insights has a new study based report titled " Thermoplastic Polyolefins (TPO) Market Size By Application (Automotive, Industrial/construction), Industry Analysis Report, Regional Outlook (U.S., Germany, UK, France, Italy, China, India, Japan, Brazil), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2023".
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https://www.gminsights.com/request-sample/detail/507
The report offers all-inclusive analysis of:
1 Market structure
2 Factors restraining market growth
3 Market growth drivers
4 Opportunities and challenges
5 Market estimations and forecast for projected period
Growing preference for thermoplastic polyolefins over polyvinyl chloride owing to environmental risks caused by PVC usage, will further boost the industry growth over the coming years. Strict CAFÉ (Corporate Average Fuel Economy) regulations have emphasized vehicle manufacturers to innovate ways for reducing vehicle weight to ensure minimal pollutant emissions in the atmosphere. This is expected to stimulate TPO demand in automobile applications over the next few years.
The Thermoplastic Polyolefins (TPO) Market Report Consists of,
1. Methodology and Scope
2. Executive Summary
3. Thermoplastic Polyolefins (TPO) Market Industry Insights
3.1 Industry segmentation
3.2. Industry size, forecast and growth expectations, 2016 - 2024
3.3. Industry ecosystem analysis
3.4. Raw material insights
3.5. Technology insights
Browse Thermoplastic Polyolefins (TPO) Market report summary@
https://www.gminsights.com/industry-analysis/thermoplastic-polyolefins-tpo-market-report
3.6. Regulatory framework
3.7. Industry dynamics
3.8. Key growth opportunities
3.9. Porter's analysis
3.10. Company market share, 2015
3.11. PESTEL analysis
3.14. Regional price trends
4. Thermoplastic Polyolefins (TPO) Market Product Insights
5. Thermoplastic Polyolefins (TPO) Market Application Insights
Industrial thermoplastic polyolefins market segment will witness CAGR over 5% up to 2023. Rapid industrialization coupled with increased per capita disposable income of customers have positively influenced end se industries such as automotive and construction.
Automotive manufacturing is a key industry consumer and is estimated to account for more than 65% of the total industry share by 2023. Major automotive component manufacturers include Germany, Japan south Korea followed by Mexico. Mexico is on verge of replacing Japan to become the number 2 supplier of motor vehicles to the North American market. Additionally, major automotive manufacturers like Kia, Audi, American ford have already announced plans to construction production plants in Mexico. Other applications include wire & cables (used in electrical equipment’s like TV, Refrigerators, Guizers), batteries, of plugs, switches, window frames, and piping system.
6. Thermoplastic Polyolefins (TPO) Market Regional Insights
Growth of automotive industry in Asia Pacific countries will favor the thermoplastic polyolefins market size which is expected to surpass USD 1.1 billion by 2023. Use of TPO leads to the reduction in overall weight of vehicles which increased the fuel efficiency of vehicle and helps to control the CO2 emission. India and China TPOmarket together is forecast to exceed USD 600 million by 2023.
U.S. is expected to dominate the North America thermoplastic polyolefins market size throughout the forecast timeframe. Industrial & construction applications are likely to be the fastest growing segment in the region over 6.5% growth by 2023.Futhermore strict automotive fuel efficiency regulation will be good for industry evolution. Due to the use of thermoplastic polyolefin in automotive sector, it increases the fuel efficiency by reducing overall weight of the vehicle.
Europe thermoplastic polyolefins market is predicted to experience gains over 4.5% during the forecast timeframe. Increased application scope in automotive industry of Germany which is a manufacturing hub for top automotive OEMs like Mercedes Benz, Audi, BMW play a significant role of lifting the global market.
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7. Competitor Profiles
TPO market share is highly competitive in nature with Dow Chemical, Arkema S.A, A. Schulman, Sumitomo Chemical, and ExxonMobil being the key industry participants. Other industry players include DuPont, SABIC, Mitsui, INOES, Saudi Aramco, GAF, LyondellBasell, Spartech, S&E Specialty polymers, Noble polymers, Polisystem UK, and RTP.
About Global Market Insights, Inc.:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com/
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