Product Code: PM2543
The global thermoplastic polyolefin (TPO) market size is expected to reach USD 8.01 billion by 2030, according to a new study by Polaris Market Research. The report "Thermoplastic Polyolefin (TPO) Market Share, Size, Trends, Industry Analysis Report, By Type (Polyethylene, Polystyrene, Polypropylene); By Application; By End-Use Industry; By Region; Segment Forecast, 2022 - 2030" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Thermoplastic polyolefin is an amalgamation of thermoplastic, rubber, and filler. It is usually used in the automotive industry and is lightweight and chemical resistant. It is easily processed in film & sheet, blow molding, injection molding, and other applications.
The demand for polypropylene is increasing considerably, owing to the surging need for syringes and medical vials, and specimen bottles. This is attributable to an increase in vaccination drives in various countries such as Israel, the U.S., and India due to the outbreak of the COVID-19 pandemic.
In addition, the demand for food packaging increased owing to uncertainty or fear of lockdown in many countries. This is attributed to the uncertainty of lockdowns leading to panic buying of food and health products, which correspondingly increased the demand for polypropylene.
They are used in industries such as automotive, building & construction, medical, and others. The automotive segment accounted for a major share in 2021. Modernization of vehicles and rising demand for high-performing vehicles boost the growth of this segment. Increasing consumer inclination toward electric and hybrid vehicles, technological advancements, and rising investments in research and development is expected to offer growth opportunities during the forecast period.
Asia-Pacific accounted for a major share of the global thermoplastic polyolefin market in 2021. Population growth. Industrialization and greater penetration of passenger vehicles support the industry growth in the region. The rising application of the industry in the construction and medical sectors further boosts the adoption in Asia-Pacific. Increasing adoption of electric and hybrid vehicles in the region also fuels growth in this region.
Thermoplastic Polyolefin (TPO) Market Report Highlights
Polyethylene segment is expected to dominate the market during the forecast period owing to increasing application in automotive and medical applications
Injection & molding is expected to be the fastest growing segment during the forecast period on account of technological advancements in the segment
Automotive segment dominated the global market in 2021 due to greater demand for light weight and high performing passenger cars
Asia-Pacific region is expected to dominate the industry during the forecast period. The presence of large consumer base for polyolefins in Asia-Pacific is a major factor contributing toward the growth. Furthermore, established healthcare sector and development of the renewable energy industry boost the industry growth
The global thermoplastic polyolefin market is highly competitive owing to the existence of large industry players with global presence including Alphagary Limited, Borealis AG, DOW Inc. Elastron, Exxon Mobil Corporation, Formosa Plastics Corporation, GAF
Polaris Market Research has segmented the thermoplastic polyolefin (TPO) market report based on type, application, end-use industry, and region.:
Thermoplastic Polyolefin (TPO), Type Outlook (Revenue - USD Billion, 2018 - 2030)
Polyethylene
Polystyrene
Polypropylene
Thermoplastic Polyolefin (TPO), Application Outlook (Revenue - USD Billion, 2018 - 2030)
Film & Sheet
Blow Molding
Injection Molding
Others
Thermoplastic Polyolefin (TPO), End-use Industry Outlook (Revenue - USD Billion, 2018 - 2030)
Automotive
Building & Construction
Medical
Others
Thermoplastic Polyolefin (TPO), Regional Outlook (Revenue - USD Billion, 2018 - 2030)
North America
U.S
Canada
Europe
Germany
UK
France
Italy
Spain
Russia
Netherlands
Asia Pacific
China
India
Japan
South Korea
Indonesia
Malaysia
Latin America
Argentina
Brazil
Mexico
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Thermoplastic Polyolefin (TPO) Market Insights
- 4.1. Thermoplastic Polyolefin (TPO) - Industry Snapshot
- 4.2. Thermoplastic Polyolefin (TPO) Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Increasing usage of TPOs in exterior and interior parts of automobiles to drive the market
- 4.2.1.2. Increasing usage of TPO waterproofing membrane in the repair and maintenance activities
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Raw material price volatility
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTEL Analysis
- 4.5. Thermoplastic Polyolefin (TPO) Market Industry Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Thermoplastic Polyolefin (TPO) Market, by Type
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Thermoplastic Polyolefin (TPO) Market, by Type, 2018 - 2030 (USD Billion)
- 5.3. Polyethylene
- 5.3.1. Global Thermoplastic Polyolefin (TPO) Market, by Polyethylene, by Region, 2018 - 2030 (USD Billion)
- 5.4. Polystyrene
- 5.4.1. Global Thermoplastic Polyolefin (TPO) Market, by Polystyrene, by Region, 2018 - 2030 (USD Billion)
- 5.5. Polypropylene
- 5.5.1. Global Thermoplastic Polyolefin (TPO) Market, by Polypropylene, by Region, 2018 - 2030 (USD Billion)
6. Global Thermoplastic Polyolefin (TPO) Market, by Application
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Thermoplastic Polyolefin (TPO) Market, by Application, 2018 - 2030 (USD Billion)
- 6.3. Film & Sheet
- 6.3.1. Global Thermoplastic Polyolefin (TPO) Market, by Film & Sheet, by Region, 2018 - 2030 (USD Billion)
- 6.4. Blow Molding
- 6.4.1. Global Thermoplastic Polyolefin (TPO) Market, by Blow Molding, by Region, 2018 - 2030 (USD Billion)
- 6.5. Injection Molding
- 6.5.1. Global Thermoplastic Polyolefin (TPO) Market, by Injection Molding, by Region, 2018 - 2030 (USD Billion)
- 6.6. Others
- 6.6.1. Global Thermoplastic Polyolefin (TPO) Market, by Others, by Region, 2018 - 2030 (USD Billion)
7. Global Thermoplastic Polyolefin (TPO) Market, by End-use Industry
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global Thermoplastic Polyolefin (TPO) Market, by End-use Industry, 2018 - 2030 (USD Billion)
- 7.3. Automotive
- 7.3.1. Global Thermoplastic Polyolefin (TPO) Market, by Automotive, by Region, 2018 - 2030 (USD Billion)
- 7.4. Building & Construction
- 7.4.1. Global Thermoplastic Polyolefin (TPO) Market, by Building & Construction, by Region, 2018 - 2030 (USD Billion)
- 7.5. Medical
- 7.5.1. Global Thermoplastic Polyolefin (TPO) Market, by Medical, by Region, 2018 - 2030 (USD Billion)
- 7.6. Others
- 7.6.1. Global Other Thermoplastic Polyolefin (TPO) Market, by Region, 2018 - 2030 (USD Billion)
8. Global Thermoplastic Polyolefin (TPO) Market, by Geography
- 8.1. Key findings
- 8.2. Introduction
- 8.2.1. Thermoplastic Polyolefin (TPO) Market Assessment, By Geography, 2018 - 2030 (USD Billion)
- 8.3. Thermoplastic Polyolefin (TPO) Market - North America
- 8.3.1. North America: Thermoplastic Polyolefin (TPO) Market, by Type, 2018 - 2030 (USD Billion)
- 8.3.2. North America: Thermoplastic Polyolefin (TPO) Market, by End-use Industry, 2018 - 2030 (USD Billion)
- 8.3.3. North America: Thermoplastic Polyolefin (TPO) Market, by Application, 2018 - 2030 (USD Billion)
- 8.3.4. Thermoplastic Polyolefin (TPO) Market - U.S.
- 8.3.4.1. U.S.: Thermoplastic Polyolefin (TPO) Market, by Type, 2018 - 2030 (USD Billion)
- 8.3.4.2. U.S.: Thermoplastic Polyolefin (TPO) Market, by End-use Industry, 2018 - 2030 (USD Billion)
- 8.3.4.3. U.S.: Thermoplastic Polyolefin (TPO) Market, by Application, 2018 - 2030 (USD Billion)
- 8.3.5. Thermoplastic Polyolefin (TPO) Market - Canada
- 8.3.5.1. Canada: Thermoplastic Polyolefin (TPO) Market, by Type, 2018 - 2030 (USD Billion)
- 8.3.5.2. Canada.: Thermoplastic Polyolefin (TPO) Market, by End-use Industry, 2018 - 2030 (USD Billion)
- 8.3.5.3. Canada: Thermoplastic Polyolefin (TPO) Market, by Application, 2018 - 2030 (USD Billion)
- 8.4. Thermoplastic Polyolefin (TPO) Market - Europe
- 8.4.1. Europe: Thermoplastic Polyolefin (TPO) Market, by Type, 2018 - 2030 (USD Billion)
- 8.4.2. Europe.: Thermoplastic Polyolefin (TPO) Market, by End-use Industry, 2018 - 2030 (USD Billion)
- 8.4.3. Europe: Thermoplastic Polyolefin (TPO) Market, by Application, 2018 - 2030 (USD Billion)
- 8.4.4. Thermoplastic Polyolefin (TPO) Market - UK
- 8.4.4.1. UK: Thermoplastic Polyolefin (TPO) Market, by Type, 2018 - 2030 (USD Billion)
- 8.4.4.2. UK.: Thermoplastic Polyolefin (TPO) Market, by End-use Industry, 2018 - 2030 (USD Billion)
- 8.4.4.3. UK: Thermoplastic Polyolefin (TPO) Market, by Application, 2018 - 2030 (USD Billion)
- 8.4.5. Thermoplastic Polyolefin (TPO) Market - France
- 8.4.5.1. France: Thermoplastic Polyolefin (TPO) Market, by Type, 2018 - 2030 (USD Billion)
- 8.4.5.2. France.: Thermoplastic Polyolefin (TPO) Market, by End-use Industry, 2018 - 2030 (USD Billion)
- 8.4.5.3. France: Thermoplastic Polyolefin (TPO) Market, by Application, 2018 - 2030 (USD Billion)
- 8.4.6. Thermoplastic Polyolefin (TPO) Market - Germany
- 8.4.6.1. Germany: Thermoplastic Polyolefin (TPO) Market, by Type, 2018 - 2030 (USD Billion)
- 8.4.6.2. Germany.: Thermoplastic Polyolefin (TPO) Market, by End-use Industry, 2018 - 2030 (USD Billion)
- 8.4.6.3. Germany: Thermoplastic Polyolefin (TPO) Market, by Application, 2018 - 2030 (USD Billion)
- 8.4.7. Thermoplastic Polyolefin (TPO) Market - Italy
- 8.4.7.1. Italy: Thermoplastic Polyolefin (TPO) Market, by Type, 2018 - 2030 (USD Billion)
- 8.4.7.2. Italy.: Thermoplastic Polyolefin (TPO) Market, by End-use Industry, 2018 - 2030 (USD Billion)
- 8.4.7.3. Italy: Thermoplastic Polyolefin (TPO) Market, by Application, 2018 - 2030 (USD Billion)
- 8.4.8. Thermoplastic Polyolefin (TPO) Market - Spain
- 8.4.8.1. Spain: Thermoplastic Polyolefin (TPO) Market, by Type, 2018 - 2030 (USD Billion)
- 8.4.8.2. Spain.: Thermoplastic Polyolefin (TPO) Market, by End-use Industry, 2018 - 2030 (USD Billion)
- 8.4.8.3. Spain: Thermoplastic Polyolefin (TPO) Market, by Application, 2018 - 2030 (USD Billion)
- 8.4.9. Thermoplastic Polyolefin (TPO) Market - Netherlands
- 8.4.9.1. Netherlands: Thermoplastic Polyolefin (TPO) Market, by Type, 2018 - 2030 (USD Billion)
- 8.4.9.2. Netherlands.: Thermoplastic Polyolefin (TPO) Market, by End-use Industry, 2018 - 2030 (USD Billion)
- 8.4.9.3. Netherlands: Thermoplastic Polyolefin (TPO) Market, by Application, 2018 - 2030 (USD Billion)
- 8.4.10. Thermoplastic Polyolefin (TPO) Market - Russia
- 8.4.10.1. Russia: Thermoplastic Polyolefin (TPO) Market, by Type, 2018 - 2030 (USD Billion)
- 8.4.10.2. Russia.: Thermoplastic Polyolefin (TPO) Market, by End-use Industry, 2018 - 2030 (USD Billion)
- 8.4.10.3. Russia: Thermoplastic Polyolefin (TPO) Market, by Application, 2018 - 2030 (USD Billion)
- 8.5. Thermoplastic Polyolefin (TPO) Market - Asia Pacific
- 8.5.1. Asia Pacific: Thermoplastic Polyolefin (TPO) Market, by Type, 2018 - 2030 (USD Billion)
- 8.5.2. Asia Pacific.: Thermoplastic Polyolefin (TPO) Market, by End-use Industry, 2018 - 2030 (USD Billion)
- 8.5.3. Asia Pacific: Thermoplastic Polyolefin (TPO) Market, by Application, 2018 - 2030 (USD Billion)
- 8.5.4. Thermoplastic Polyolefin (TPO) Market - China
- 8.5.4.1. China: Thermoplastic Polyolefin (TPO) Market, by Type, 2018 - 2030 (USD Billion)
- 8.5.4.2. China.: Thermoplastic Polyolefin (TPO) Market, by End-use Industry, 2018 - 2030 (USD Billion)
- 8.5.4.3. China: Thermoplastic Polyolefin (TPO) Market, by Application, 2018 - 2030 (USD Billion)
- 8.5.5. Thermoplastic Polyolefin (TPO) Market - India
- 8.5.5.1. India: Thermoplastic Polyolefin (TPO) Market, by Type, 2018 - 2030 (USD Billion)
- 8.5.5.2. India.: Thermoplastic Polyolefin (TPO) Market, by End-use Industry, 2018 - 2030 (USD Billion)
- 8.5.5.3. India: Thermoplastic Polyolefin (TPO) Market, by Application, 2018 - 2030 (USD Billion)
- 8.5.6. Thermoplastic Polyolefin (TPO) Market - Malaysia
- 8.5.6.1. Malaysia: Thermoplastic Polyolefin (TPO) Market, by Type, 2018 - 2030 (USD Billion)
- 8.5.6.2. Malaysia.: Thermoplastic Polyolefin (TPO) Market, by End-use Industry, 2018 - 2030 (USD Billion)
- 8.5.6.3. Malaysia: Thermoplastic Polyolefin (TPO) Market, by Application, 2018 - 2030 (USD Billion)
- 8.5.7. Thermoplastic Polyolefin (TPO) Market - Japan
- 8.5.7.1. Japan: Thermoplastic Polyolefin (TPO) Market, by Type, 2018 - 2030 (USD Billion)
- 8.5.7.2. Japan.: Thermoplastic Polyolefin (TPO) Market, by End-use Industry, 2018 - 2030 (USD Billion)
- 8.5.7.3. Japan: Thermoplastic Polyolefin (TPO) Market, by Application, 2018 - 2030 (USD Billion)
- 8.5.8. Thermoplastic Polyolefin (TPO) Market - Indonesia
- 8.5.8.1. Indonesia: Thermoplastic Polyolefin (TPO) Market, by Type, 2018 - 2030 (USD Billion)
- 8.5.8.2. Indonesia.: Thermoplastic Polyolefin (TPO) Market, by End-use Industry, 2018 - 2030 (USD Billion)
- 8.5.8.3. Indonesia: Thermoplastic Polyolefin (TPO) Market, by Application, 2018 - 2030 (USD Billion)
- 8.5.9. Thermoplastic Polyolefin (TPO) Market - South Korea
- 8.5.9.1. South Korea: Thermoplastic Polyolefin (TPO) Market, by Type, 2018 - 2030 (USD Billion)
- 8.5.9.2. South Korea.: Thermoplastic Polyolefin (TPO) Market, by End-use Industry, 2018 - 2030 (USD Billion)
- 8.5.9.3. South Korea: Thermoplastic Polyolefin (TPO) Market, by Application, 2018 - 2030 (USD Billion)
- 8.6. Thermoplastic Polyolefin (TPO) Market - Middle East & Africa
- 8.6.1. Middle East & Africa: Thermoplastic Polyolefin (TPO) Market, by Type, 2018 - 2030 (USD Billion)
- 8.6.2. Middle East & Africa.: Thermoplastic Polyolefin (TPO) Market, by End-use Industry, 2018 - 2030 (USD Billion)
- 8.6.3. Middle East & Africa: Thermoplastic Polyolefin (TPO) Market, by Application, 2018 - 2030 (USD Billion)
- 8.6.4. Thermoplastic Polyolefin (TPO) Market - Saudi Arabia
- 8.6.4.1. Saudi Arabia: Thermoplastic Polyolefin (TPO) Market, by Type, 2018 - 2030 (USD Billion)
- 8.6.4.2. Saudi Arabia.: Thermoplastic Polyolefin (TPO) Market, by End-use Industry, 2018 - 2030 (USD Billion)
- 8.6.4.3. Saudi Arabia: Thermoplastic Polyolefin (TPO) Market, by Application, 2018 - 2030 (USD Billion)
- 8.6.5. Thermoplastic Polyolefin (TPO) Market - UAE
- 8.6.5.1. UAE: Thermoplastic Polyolefin (TPO) Market, by Type, 2018 - 2030 (USD Billion)
- 8.6.5.2. UAE.: Thermoplastic Polyolefin (TPO) Market, by End-use Industry, 2018 - 2030 (USD Billion)
- 8.6.5.3. UAE: Thermoplastic Polyolefin (TPO) Market, by Application, 2018 - 2030 (USD Billion)
- 8.6.6. Thermoplastic Polyolefin (TPO) Market - Israel
- 8.6.6.1. Israel: Thermoplastic Polyolefin (TPO) Market, by Type, 2018 - 2030 (USD Billion)
- 8.6.6.2. Israel.: Thermoplastic Polyolefin (TPO) Market, by End-use Industry, 2018 - 2030 (USD Billion)
- 8.6.6.3. Israel: Thermoplastic Polyolefin (TPO) Market, by Application, 2018 - 2030 (USD Billion)
- 8.6.7. Thermoplastic Polyolefin (TPO) Market - South Africa
- 8.6.7.1. South Africa: Thermoplastic Polyolefin (TPO) Market, by Type, 2018 - 2030 (USD Billion)
- 8.6.7.2. South Africa.: Thermoplastic Polyolefin (TPO) Market, by End-use Industry, 2018 - 2030 (USD Billion)
- 8.6.7.3. South Africa: Thermoplastic Polyolefin (TPO) Market, by Application, 2018 - 2030 (USD Billion)
- 8.7. Thermoplastic Polyolefin (TPO) Market - Latin America
- 8.7.1. Latin America: Thermoplastic Polyolefin (TPO) Market, by Type, 2018 - 2030 (USD Billion)
- 8.7.2. Latin America.: Thermoplastic Polyolefin (TPO) Market, by End-use Industry, 2018 - 2030 (USD Billion)
- 8.7.3. Latin America: Thermoplastic Polyolefin (TPO) Market, by Application, 2018 - 2030 (USD Billion)
- 8.7.4. Thermoplastic Polyolefin (TPO) Market - Mexico
- 8.7.4.1. Mexico: Thermoplastic Polyolefin (TPO) Market, by Type, 2018 - 2030 (USD Billion)
- 8.7.4.2. Mexico.: Thermoplastic Polyolefin (TPO) Market, by End-use Industry, 2018 - 2030 (USD Billion)
- 8.7.4.3. Mexico: Thermoplastic Polyolefin (TPO) Market, by Application, 2018 - 2030 (USD Billion)
- 8.7.5. Thermoplastic Polyolefin (TPO) Market - Brazil
- 8.7.5.1. Brazil: Thermoplastic Polyolefin (TPO) Market, by Type, 2018 - 2030 (USD Billion)
- 8.7.5.2. Brazil.: Thermoplastic Polyolefin (TPO) Market, by End-use Industry, 2018 - 2030 (USD Billion)
- 8.7.5.3. Brazil: Thermoplastic Polyolefin (TPO) Market, by Application, 2018 - 2030 (USD Billion)
- 8.7.6. Thermoplastic Polyolefin (TPO) Market - Argentina
- 8.7.6.1. Argentina: Thermoplastic Polyolefin (TPO) Market, by Type, 2018 - 2030 (USD Billion)
- 8.7.6.2. Argentina.: Thermoplastic Polyolefin (TPO) Market, by End-use Industry, 2018 - 2030 (USD Billion)
- 8.7.6.3. Argentina: Thermoplastic Polyolefin (TPO) Market, by Application, 2018 - 2030 (USD Billion)
9. Competitive Landscape
- 9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
- 9.2. Partnerships/Collaborations/Agreements/Exhibitions
10. Company Profiles
- 10.1. Alphagary Limited
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Recent Development
- 10.2. Borealis AG
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Recent Development
- 10.3. DOW Inc. Elastron
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Recent Development
- 10.4. Exxon Mobil Corporation
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Recent Development
- 10.5. Formosa Plastics Corporation
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Recent Development
- 10.6. GAF
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Recent Development
- 10.7. Hexpol AB
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Recent Development
- 10.8. INEOS Group Holdings S.A
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Recent Development
- 10.9. Mitsui Chemicals Inc
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Benchmarking
- 10.9.4. Recent Development
- 10.10. Noble Poylmers
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. Product Benchmarking
- 10.10.4. Recent Development
- 10.11. Sisram Medical Ltd (Alma Lasers Ltd.)
- 10.11.1. Company Overview
- 10.11.2. Financial Performance
- 10.11.3. Product Benchmarking
- 10.11.4. Recent Development
- 10.12. Polyone Corporation
- 10.12.1. Company Overview
- 10.12.2. Financial Performance
- 10.12.3. Product Benchmarking
- 10.12.4. Recent Development
- 10.13. Saudi Aramco
- 10.13.1. Company Overview
- 10.13.2. Financial Performance
- 10.13.3. Product Benchmarking
- 10.13.4. Recent Development
- 10.14. Teknor Apex Company
- 10.14.1. Company Overview
- 10.14.2. Financial Performance
- 10.14.3. Product Benchmarking
- 10.14.4. Recent Development
- 10.15. The Mitsubishi Chemical Holding Group
- 10.15.1. Company Overview
- 10.15.2. Financial Performance
- 10.15.3. Product Benchmarking
- 10.15.4. Recent Development