Thermoplastic Polyolefin MarketPosted by Nishigandha Sachin Bhushinge on March 2nd, 2020 Thermoplastic Polyolefin Market was valued US$ XX Bn in 2018 and is expected to reach US$ XX Bn by 2027, at CAGR of 7.2 % during forecast period of 2019 to 2027. Plastics production rise up from XX MT in 2017 to XX MT in 2018. In 2018 global plastic’s production grew by 3.4% compared to 2017. 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 has been boosting the mandate for TPOs during 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. Thermoplastic Polyolefin Market Drivers and Restrains The growth of the global thermoplastic polyolefin market is predominantly driven by the increasing demand for the elastomer in making a variability of exterior and interior automotive parts. The higher attractiveness of polypropylene-based materials than others are compelling characteristics such as exhibit, particularly a combination of remarkable ductility, marked impact resistance, and recovering dimensional stability. The rising mandate for TPO in the construction and building industry in various countries are also accentuating growth of Thermoplastic Polyolefin Market. The market is also facing few setbacks, most notably arising out if the fluctuating cost of raw materials (resin in the form of pellets and processed scrap) used for TPO production. For example, the unsteady price of polypropylene, a key raw material, has slowed down the growth of TPO market. The trend is prominent in Europe where the process are driven by the fluctuating cost of feedstock. Related to other TPE members, TPOs are relatively at a lower price. TPOs just like other TPEs can be fabricated using standard technologies including blow molding, injection molding, and calendaring. The global Thermoplastic Polyolefin Market saw a decline in demand, because of recovery in automotive industry around the globe. Thermoplastic Polyolefin Market Segmentation Analysis with Region The global Thermoplastic Polyolefin Market is segmented into Type, End-user and Region. In terms of type, the global Thermoplastic Polyolefin Market segmented into In-situ TPOs, Compounded TPOs, Thermoplastic Vulcanizes (TPVs), Olefin Block Copolymers (OBCs) and Polyolefin Elastomers (POEs). Global in-situ TPO growth averaged XX.32 % between 2017 and 2018, while the demand from North American is increased as the residential construction and automotive sector recovered. Growth in Western Japan and Europe has been slow in 2015-2018, because of weak economic conditions and the progressive automotive industry relocation. The main application of in-situ is impact modifiers, automotive exterior and bumpers, interior head impact trim, under the-hood impact, cladding, wire harness, and weather strip followed by construction roofing applications. In terms of application, it is divided into automotive, building & construction, home appliances, medical, industrial, footwear, and others. An automotive segment is expected to grow at the highest XX% CAGR during the forecast period, thanks to its wide use in interior and exterior applications in the automobile industry. This segment contributed to over USD XX.XX billion to global thermoplastic polyolefin market share in the year 2018 and witness considerable growth during forecast period. Multinational companies are proactively discovering the new opportunities in the automotive segment by adopting strategies such as the acquisition of start-up companies and forming deal to establish their presence in the market. The objective of the report is to present comprehensive analysis of Thermoplastic Polyolefin Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers. The report also helps in understanding Thermoplastic Polyolefin Market dynamics, structure by analyzing the market segments, and project the Thermoplastic Polyolefin Market size. Clear representation of competitive analysis of key players by Thermoplastic Polyolefin Type, price, financial position, product portfolio, growth strategies, and regional presence in the Thermoplastic Polyolefin Market make the report investor’s guide. For more information to visit :https://www.maximizemarketresearch.com/market-report/thermoplastic-polyolefin-market/44240/
Thermoplastic Polyolefin Market, by Type • In-situ TPOs • Automotive • Asia Pacific • Lyondell Basell Industries Holding B.V. This Report Is Submitted By : Maximize Market Research Company Customization of the report: Maximize Market Research provides free personalized of reports as per your demand. This report can be personalized to meet your requirements. Get in touch with us and our sales team will guarantee provide you to get a report that suits your necessities. About Maximize Market Research: Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors. Contact info: Name: Lumawant Godage Organization Address: MAXIMIZE MARKET RESEARCH PVT. LTD. Email: sales@maximizemarketresearch.com Address : Pune, Maharashtra 411051, India. Contact: +919607195908 Like it? Share it!More by this author |