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Thermoplastic Polyolefin (TPO) Market by Type (In-situ TPO, Compounded TPO, & POEs), Application (Automotive, Building & Construction, Medical, Wire & Cables), and Region (APAC, North America, Europe, MEA, South America) - Global Forecast to 2028

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    Report

  • 211 Pages
  • October 2023
  • Region: Global
  • Markets and Markets
  • ID: 5533868
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The Thermoplastic polyolefin Market is projected to reach USD 7.3 Billion by 2028, at a CAGR of 6.0% from USD 5.4 Billion in 2023. Thermoplastic polyolefin (TPO) finds diverse applications across industries due to its versatility. In the automotive sector, it is used for crafting lightweight yet durable interior and exterior components like bumpers and dashboards. TPO's weather-resistant and UV-stable properties make it a preferred material for construction applications, particularly in roofing and waterproofing. In consumer goods, TPO contributes to products such as luggage, toys, and sports equipment, benefitting from its impact resistance and ease of processing. The industrial sector employs TPO in cable insulation, gaskets, and industrial hoses, capitalizing on its chemical resistance and durability.

Automotive, by application, accounts for the second-largest market share in 2022.

The automotive sector stands as the fastest-growing segment in the thermoplastic polyolefin (TPO) market primarily due to its pivotal role in addressing critical industry challenges. TPO's exceptional lightweight properties make it a top choice for replacing heavier materials in automotive components, boosting fuel efficiency and aligning with strict emissions standards. Its design flexibility allows for innovative and aerodynamic vehicle designs, enhancing appeal and accommodating advanced technologies. Moreover, TPO's cost-effectiveness bolsters its adoption by automakers seeking both performance and affordability, making it a key player in the ongoing transformation of the automotive industry towards sustainability and innovation.

In situ TPO is expected to be the fastest growing at CAGR 6.6% for the polyurethane catalyst market during the forecast period, in terms of value.

TPO's lightweight nature has significantly contributed to its growing adoption in industries like automotive and aerospace. In the automotive sector, the pursuit of improved fuel efficiency has become a paramount goal due to stringent emissions regulations and the growing emphasis on environmental sustainability. To address this challenge, automakers have turned to lightweight materials like TPO as an effective means of reducing vehicle weight without compromising structural integrity. TPO's favorable strength-to-weight ratio allows for the replacement of heavier materials like metal or other thermoplastics in various automotive components, such as bumpers, interior trim, and exterior body panels. By incorporating TPO into vehicle design, automakers can achieve notable weight reductions, resulting in enhanced fuel efficiency and reduced carbon emissions, while also improving handling and overall performance.

Based on region, North America was the second largest market for the Thermoplastic polyolefin market in 2022.

North America has been a pivotal market for thermoplastic polyolefin (TPO) materials, with its widespread adoption spanning multiple industries. In the automotive sector, TPO has played a crucial role as a lightweight alternative, finding extensive use in the production of various automotive components like bumpers, interior trim, and exterior body panels. The region's automotive industry has emphasized the importance of TPO in achieving improved fuel efficiency and adhering to stringent emission regulations. In the construction sector, TPO roofing membranes and waterproofing materials have gained prominence for their exceptional durability and weather resistance, making them a preferred choice for flat roofs in both commercial and residential settings.

In the process of determining and verifying the market size for several segments and subsegments identified through secondary research, extensive primary interviews were conducted. A breakdown of the profiles of the primary interviewees is as follows:

  • By Company Type: Tier 1 - 40%, Tier 2 - 30%, and Tier 3 - 30%
  • By Designation: C-Level - 20%, Director Level - 10%, and Others - 70%
  • By Region: North America - 20%, Europe -30%, Asia Pacific - 30%, Middle East & Africa - 10%, and South America - 10%

The key players in this market include DOW (US), Mitsui Chemical, Inc. (Japan), Exxon Mobil Corporation (Texas), SABIC (Saudi Arabia), Sumitomo Chemicals Co., Ltd. (Japan), LyondellBasell Industries N.V. (Texas), Ineos Group Holdings SA (Switzerland), Borealis AG (Austria), Formosa Plastic Corporation (Taiwan), RTP Company (US).

Research Coverage
This report segments the market for the thermoplastic polyolefin material market on the basis of type, application, and region. It provides estimations for the overall value of the market across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, products & services, key strategies, new product launches, expansions, and mergers & acquisitions associated with the market for the thermoplastic polyolefin material market.

Key benefits of buying this report
This research report is focused on various levels of analysis - industry analysis (industry trends), market ranking analysis of top players, and company profiles, which together provide an overall view of the competitive landscape, emerging and high-growth segments of the thermoplastic polyolefin material market; high-growth regions; and market drivers, restraints, opportunities, and challenges.

The report provides insights on the following pointers:

  • Analysis of key drivers: Increasing demand for advanced technologies, Energy Efficiency and Sustainability.
  • Market Penetration: Comprehensive information on the Polyurethane catalyst market offered by top players in the global Polyurethane catalyst market.
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the Polyurethane catalyst market.
  • Market Development: Comprehensive information about lucrative emerging markets - the report analyzes the markets for the Polyurethane catalyst market across regions.
  • Market Diversification: Exhaustive information about new products, untapped regions, and recent developments in the global Polyurethane catalyst market.
  • Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the Polyurethane catalyst market.

Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.3 Inclusions & Exclusions
1.4 Market Scope
Figure 1 Thermoplastic Polyolefin Market Segmentation
1.4.1 Regions Covered
1.4.2 Years Considered
1.5 Currency
1.6 Limitations
1.7 Unit Considered
1.8 Stakeholders
1.9 Summary of Changes
1.10 Recession Impact

2 Research Methodology
2.1 Research Data
Figure 2 Thermoplastic Polyolefin Market: Research Design
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Interviews with Experts - Top Thermoplastic Polyolefin Manufacturers
2.1.2.2 Breakdown of Interviews with Experts
2.1.2.3 Key Industry Insights
2.2 Base Number Calculation
2.2.1 Approach 1: Supply-Side Analysis
2.2.2 Approach 2: Demand-Side Approach
2.3 Forecast Number Calculation
2.3.1 Supply Side
2.3.2 Demand Side
2.4 Market Size Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Data Triangulation
Figure 3 Thermoplastic Polyolefin Market: Data Triangulation
2.6 Assumptions
3 Executive Summary
Figure 4 In-Situ Thermoplastic Polyolefin to Dominate Thermoplastic Polyolefin Market Between 2023 and 2028 (USD Million)
Figure 5 Automotive Application to Hold Major Share in Thermoplastic Polyolefin Market Between 2023 and 2028 (USD Million)
Figure 6 Asia-Pacific to Account for Largest Share of Thermoplastic Polyolefin Market in 2023

4 Premium Insights
4.1 Attractive Opportunities for Players in Thermoplastic Polyolefin Market
Figure 7 Increasing Awareness Regarding Sustainable Development to Drive Market During Forecast Period
4.2 Thermoplastic Polyolefin Market: Regional Analysis
Figure 8 Asia-Pacific to Grow at Highest CAGR During Forecast Period
4.3 Thermoplastic Polyolefin, by Product Type
Figure 9 Poes Segment to Account for Largest Share by 2028
4.4 Thermoplastic Polyolefin Market, by Application
Figure 10 Automotive Segment Accounted for Largest Share in 2028
4.5 Asia-Pacific Thermoplastic Polyolefin Market, by Application and Country
Figure 11 China to Account for Significant Share in 2023

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 12 Drivers, Restraints, Opportunities, and Challenges in Thermoplastic Polyolefin Market
5.2.1 Drivers
5.2.1.1 Increasing Usage of Thermoplastic Polyolefins in Exterior and Interior Parts of Automobiles
5.2.1.2 Steady Growth in the Building & Construction Industry
5.2.1.3 Increasing Usage of Thermoplastic Polyolefin Waterproofing Membrane in Repair and Maintenance Activities
5.2.2 Restraints
5.2.2.1 Raw Material Price Volatility
5.2.2.2 Limited Temperature Applications of Thermoplastic Polyolefin
5.2.3 Opportunities
5.2.3.1 Intra Replacement of Other Thermoplastic Polymers with Thermoplastic Polyolefins
5.2.3.2 Growing Penetration of EVs Worldwide
5.2.3.3 Rising Demand from Emerging Applications
5.2.3.4 Increasing Demand from the Packaging Industry
5.2.4 Challenges
5.2.4.1 Growing Trend of Plastic Recycling
5.3 Porter's Five Forces Analysis
Figure 13 Thermoplastic Polyolefin: Porter's Five Forces Analysis
5.3.1 Bargaining Power of Suppliers
5.3.2 Threat of New Entrants
5.3.3 Threat of Substitutes
5.3.4 Bargaining Power of Buyers
5.3.5 Intensity of Competitive Rivalry

6 Industry Trends
6.1 Recession Impact
6.2 Value Chain Analysis
Figure 14 Value Chain for Thermoplastic Polyolefin Market
6.2.1 Raw Material Suppliers
6.2.2 Thermoplastic Polyolefin Manufacturers
6.2.3 Distributors
6.2.4 End-user
6.3 Macroeconomic Indicators
6.3.1 GDP Trends and Forecasts of Major Economies
Table 1 GDP Trends and Forecasts, by Key Countries, 2019-2027 (USD Million)
6.4 Thermoplastic Polyolefin Market Regulations
6.4.1 Regulatory Bodies, Government Agencies, and Other Organizations
Table 2 North America: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 3 Europe: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 4 Asia-Pacific: List of Regulatory Bodies, Government Agencies, and Other Organizations
6.5 Trade Analysis
6.5.1 Export Scenario
Figure 15 Export Scenario for HS Code 3902300 By Key Countries, (2019 - 2022)
Figure 16 Export Scenario for HS Code 3902300 By Key Countries, (2019 - 2022)
6.5.2 Import Scenario
Figure 17 Import Scenario for HS Code 3902300, by Key Countries, (2019 - 2022)
Figure 18 Import Scenario for HS Code 390190, by Key Countries, (2019-2022)
6.6 Patent Analysis
6.6.1 Introduction
6.6.2 Methodology
6.6.2.1 Document Type
Table 5 Granted Patents Accounted for 37% of Total Count in the Last 10 Years
6.6.2.2 Publication Trends Over the Last Ten Years
6.6.3 Insights
6.6.4 Legal Status of Patents
6.6.5 Jurisdiction Analysis
Figure 19 Top Jurisdiction-By Document
6.6.6 Top Companies/Applicants
6.7 Trends/Disruptions Impacting Businesses
6.7.1 Revenue Shifts & New Revenue Pockets for Thermoplastic Polyolefin Market
Figure 20 Revenue Shift of Thermoplastic Polyolefin Providers
6.8 Ecosystem
Table 6 GDP Trends and Forecasts, by Key Countries, 2019-2027
Figure 21 Thermoplastic Polyolefin Market: Ecosystem
6.9 Technology Analysis
6.9.1 Extrusion
6.9.2 Injection Molding
Table 7 Advantages of Catalyst Development for Thermoplastic Polyolefins
6.10 Key Stakeholders and Buying Criteria
6.10.1 Key Stakeholders in Buying Process
Figure 22 Influence of Stakeholders in Buying Process for Top 5 Applications
Table 8 Influence of Institutional Buyers in Buying Process for Top 5 Applications
6.10.2 Buying Criteria
Figure 23 Key Buying Criteria for End-user Industries
Table 9 Key Buying Criteria for End-user Industries
6.11 Average Price Analysis
Figure 24 Weighted Average Pricing Analysis (USD/Ton) of Thermoplastic Polyolefin, by Region, 2020
6.12 Case Study

7 Thermoplastic Polyolefin Market, by Type
7.1 Introduction
Figure 25 Poes Was Largest Segment of Thermoplastic Polyolefins Market in 2022
Table 10 Thermoplastic Polyolefin Market, by Type, 2019-2022 (Ton)
Table 11 Thermoplastic Polyolefin Market, by Type, 2023-2028 (Ton)
Table 12 Thermoplastic Polyolefin Market, by Type, 2019-2026 (USD Million)
Table 13 Thermoplastic Polyolefin Market, by Type, 2023-2028 (USD Million)
7.2 In-Situ Thermoplastic Polyolefin
7.2.1 Increasing Application in Automotive and Construction Industries to Drive Demand
7.3 Compounded Thermoplastic Polyolefin
7.3.1 Physicochemical Characteristics to Drive Demand in Automotive Industry
7.4 Polyolefin Elastomers (Poes)
7.4.1 Increasing Usage as Alternative to Rubber to Support Market Growth

8 Thermoplastic Polyolefin Market, by Application
8.1 Introduction
Figure 26 Automotive Application Was Largest Segment of Thermoplastic Polyolefin Market in 2022
Table 14 Thermoplastic Polyolefin Market, by Application, 2019-2022 (USD Million)
Table 15 Thermoplastic Polyolefin Market, by Application, 2023-2028 (USD Million)
Table 16 Thermoplastic Polyolefin Market, by Application, 2019-2022 (Ton)
Table 17 Thermoplastic Polyolefin Market, by Application, 2023-2028 (Ton)
Figure 27 Thermoplastic Polyolefin Market, by Application, 2019-2026 (USD Million)
8.2 Automotive
8.2.1 Increasing Penetration of EVs to Drive Market
8.3 Building & Construction
8.3.1 Waterproofing Thermoplastic Polyolefin Membranes to Support Market Growth
8.4 Wire & Cable
8.4.1 Growing Demand for Wires & Cables Thermoplastic Polyolefin to Drive Market
8.5 Medical
8.5.1 Compliance with Medical & Healthcare Standards to Drive Market
8.6 Others

9 Thermoplastic Polyolefin Market, by Region
9.1 Introduction
Figure 28 Asia-Pacific to be Fastest-Growing Market During Forecast Period
Table 18 Thermoplastic Polyolefin Market, by Region, 2019-2022 (Ton)
Table 19 Thermoplastic Polyolefin Market, by Region, 2023-2028 (Ton)
Table 20 Thermoplastic Polyolefin Market, by Region, 2019-2022 (USD Million)
Table 21 Thermoplastic Polyolefin Market, by Region, 2023-2028 (USD Million)
Table 22 Thermoplastic Polyolefin Market, by Type, 2019-2022 (Ton)
Table 23 Thermoplastic Polyolefin Market, by Type, 2023-2028 (Ton)
Table 24 Thermoplastic Polyolefin Market, by Type, 2019-2022 (USD Million)
Table 25 Thermoplastic Polyolefin Market, by Type, 2023-2028 (USD Million)
Table 26 Thermoplastic Polyolefin Market, by Application, 2019-2022 (USD Million)
Table 27 Thermoplastic Polyolefin Market, by Application, 2023-2028 (USD Million)
Table 28 Thermoplastic Polyolefin Market, by Application, 2019-2022 (Ton)
Table 29 Thermoplastic Polyolefin Market, by Application, 2023-2028 (Ton)
9.2 Asia-Pacific
9.3 Recession Impact
Figure 29 Asia-Pacific: Thermoplastic Polyolefin Market Snapshot
Table 30 Asia-Pacific: Thermoplastic Polyolefin Market, by Country, 2019-2022 (Ton)
Table 31 Asia-Pacific: Thermoplastic Polyolefin Market, by Country, 2023-2028 (Ton)
Table 32 Asia-Pacific: Thermoplastic Polyolefin Market, by Country, 2019-2026 (USD Million)
Table 33 Asia-Pacific: Thermoplastic Polyolefin Market, by Country, 2023-2028 (USD Million)
Table 34 Asia-Pacific: Thermoplastic Polyolefin Market, by Application, 2019-2022 (Ton)
Table 35 Asia-Pacific: Thermoplastic Polyolefin Market, by Application, 2023-2028 (Ton)
Table 36 Asia-Pacific: Thermoplastic Polyolefin Market, by Application, 2019-2022 (USD Million)
Table 37 Asia-Pacific: Thermoplastic Polyolefin Market, by Application, 2023-2028 (USD Million)
Table 38 Asia-Pacific: Thermoplastic Polyolefin Market, by Type, 2019-2022 (Ton)
Table 39 Asia-Pacific: Thermoplastic Polyolefin Market, by Type, 2023-2028 (Ton)
Table 40 Asia-Pacific: Thermoplastic Polyolefin Market, by Type, 2019-2022 (USD Million)
Table 41 Asia-Pacific: Thermoplastic Polyolefin Market, by Type, 2023-2028 (USD Million)
9.3.1 China
9.3.1.1 Growing Automotive and Building & Construction Sectors and Upcoming Government Policies to Drive Growth
Table 42 China: Thermoplastic Polyolefin Market, by Application,2019-2022 (Ton)
Table 43 China: Thermoplastic Polyolefin Market, by Application,2023-2028 (Ton)
Table 44 China: Thermoplastic Polyolefin Market, by Application, 2019-2022 (USD Million)
Table 45 China: Thermoplastic Polyolefin Market, by Application, 2023-2028 (USD Million)
9.3.2 India
9.3.2.1 Increasing Fdi Investment in Industrial Sector to Drive Market
Table 46 India: Thermoplastic Polyolefin Market, by Application,2019-2022 (Ton)
Table 47 India: Thermoplastic Polyolefin Market, by Application,2023-2028 (Ton)
Table 48 India: Thermoplastic Polyolefin Market, by Application, 2019-2026 (USD Million)
Table 49 India: Thermoplastic Polyolefin Market, by Application, 2023-2028 (USD Million)
9.3.3 Japan
9.3.3.1 High Usage Rate of Thermoplastic Polyolefin in Automotive Industry to Drive Growth
Table 50 Japan: Thermoplastic Polyolefin Market, by Application,2019-2022 (Ton)
Table 51 Japan: Thermoplastic Polyolefin Market, by Application,2023-2028 (Ton)
Table 52 Japan: Thermoplastic Polyolefin Market, by Application, 2019-2022 (USD Million)
Table 53 Japan: Thermoplastic Polyolefin Market, by Application, 2023-2028 (USD Million)
9.3.4 South Korea
9.3.4.1 Building & Construction Sector to Drive Market
Table 54 South Korea: Thermoplastic Polyolefin Market, by Application, 2019-2022 (Ton)
Table 55 South Korea: Thermoplastic Polyolefin Market, by Application, 2023-2028 (Ton)
Table 56 South Korea: Thermoplastic Polyolefin Market, by Application, 2019-2026 (USD Million)
Table 57 South Korea: Thermoplastic Polyolefin Market, by Application, 2023-2028 (USD Million)
9.3.5 Rest of Asia-Pacific
Table 58 Rest of Asia-Pacific: Thermoplastic Polyolefin Market, by Application, 2019-2022 (Ton)
Table 59 Rest of Asia-Pacific: Thermoplastic Polyolefin Market, by Application, 2023-2028 (Ton)
Table 60 Rest of Asia-Pacific: Thermoplastic Polyolefin Market, by Application, 2019-2026 (USD Million)
Table 61 Rest of Asia-Pacific: Thermoplastic Polyolefin Market, by Application, 2023-2028 (USD Million)
9.4 North America
9.5 Recession Impact
Figure 30 North America: Thermoplastic Polyolefin Market Snapshot
Table 62 North America: Thermoplastic Polyolefin Market, by Country, 2019-2022 (Ton)
Table 63 North America: Thermoplastic Polyolefin Market, by Country, 2023-2028 (Ton)
Table 64 North America: Thermoplastic Polyolefin Market, by Country, 2019-2026 (USD Million)
Table 65 North America: Thermoplastic Polyolefin Market, by Country, 2023-2028 (USD Million)
Table 66 North America: Thermoplastic Polyolefin Market, by Application, 2019-2022 (Ton)
Table 67 North America: Thermoplastic Polyolefin Market, by Application, 2023-2028 (Ton)
Table 68 North America: Thermoplastic Polyolefin Market, by Application, 2019-2022 (USD Million)
Table 69 North America: Thermoplastic Polyolefin Market, by Application, 2023-2028 (USD Million)
Table 70 North America: Thermoplastic Polyolefin Market, by Type, 2019-2022 (Ton)
Table 71 North America: Thermoplastic Polyolefin Market, by Type, 2023-2028 (Ton)
Table 72 North America: Thermoplastic Polyolefin Market, by Type, 2019-2022 (USD Million)
Table 73 North America: Thermoplastic Polyolefin Market, by Type, 2023-2028 (USD Million)
9.5.1 US
9.5.1.1 Increasing Usage Thermoplastic Polyolefin in Vehicles due to Low Weight to Drive Market
Table 74 US: Thermoplastic Polyolefin Market, by Application,2019-2022 (USD Million)
Table 75 US: Thermoplastic Polyolefin Market, by Application,2023-2028 (USD Million)
Table 76 US: Thermoplastic Polyolefin Market, by Application, 2019-2022 (Ton)
Table 77 US: Thermoplastic Polyolefin Market, by Application, 2023-2028 (Ton)
9.5.2 Canada
9.5.2.1 Increasing Vehicle Production to Drive Demand
Table 78 Canada: Thermoplastic Polyolefin Market, by Application, 2019-2022 (USD Million)
Table 79 Canada: Thermoplastic Polyolefin Market, by Application, 2023-2028 (USD Million)
Table 80 Canada: Thermoplastic Polyolefin Market, by Application, 2019-2022 (Ton)
Table 81 Canada: Thermoplastic Polyolefin Market, by Application, 2023-2028 (Ton)
9.5.3 Mexico
9.5.3.1 Rise in Automobile Production to Surge Demand
Table 82 Mexico: Thermoplastic Polyolefin Market, by Application, 2019-2022 (USD Million)
Table 83 Mexico: Thermoplastic Polyolefin Market, by Application, 2023-2028 (USD Million)
Table 84 Mexico: Thermoplastic Polyolefin Market, by Application, 2019-2022 (Ton)
Table 85 Mexico: Thermoplastic Polyolefin Market, by Application, 2023-2028 (Ton)
9.6 Europe
9.7 Recession Impact
Figure 31 Europe: Thermoplastic Polyolefin Market Snapshot
Table 86 Europe: Thermoplastic Polyolefin Market, by Country, 2019-2022 (USD Million)
Table 87 Europe: Thermoplastic Polyolefin Market, by Country, 2023-2028 (USD Million)
Table 88 Europe: Thermoplastic Polyolefin Market, by Country,2019-2026 (Ton)
Table 89 Europe: Thermoplastic Polyolefin Market, by Country,2023-2028 (Ton)
Table 90 Europe: Thermoplastic Polyolefin Market, by Application,2019-2022 (Ton)
Table 91 Europe: Thermoplastic Polyolefin Market, by Application,2023-2028 (Ton)
Table 92 Europe: Thermoplastic Polyolefin Market, by Application, 2019-2022 (USD Million)
Table 93 Europe: Thermoplastic Polyolefin Market, by Application, 2023-2028 (USD Million)
Table 94 Europe: Thermoplastic Polyolefin Market, by Type, 2019-2022 (Ton)
Table 95 Europe: Thermoplastic Polyolefin Market, by Type, 2023-2028 (Ton)
Table 96 Europe: Thermoplastic Polyolefin Market, by Type, 2019-2022 (USD Million)
Table 97 Europe: Thermoplastic Polyolefin Market, by Type,2023-2028 (USD Million)
9.7.1 Germany
9.7.1.1 Government Support for Boosting Automotive Industry to Drive Market
Table 98 Germany: Thermoplastic Polyolefin Market, by Application, 2019-2022 (USD Million)
Table 99 Germany: Thermoplastic Polyolefin Market, by Application, 2023-2028 (USD Million)
Table 100 Germany: Thermoplastic Polyolefin Market, by Application, 2019-2022 (Ton)
Table 101 Germany: Thermoplastic Polyolefin Market, by Application, 2023-2028 (Ton)
9.7.2 Uk
9.7.2.1 Increase in Automobile Registrations and Construction Industry Output to Drive Market
Table 102 Uk: Thermoplastic Polyolefin Market, by Application,2019-2022 (USD Million)
Table 103 Uk: Thermoplastic Polyolefin Market, by Application,2023-2028 (USD Million)
Table 104 Uk: Thermoplastic Polyolefin Market, by Application, 2019-2022 (Ton)
Table 105 Uk: Thermoplastic Polyolefin Market, by Application, 2023-2028 (Ton)
9.7.3 France
9.7.3.1 Rising Automobile Production and Output from Construction Industry to Drive Market
Table 106 France: Thermoplastic Polyolefin Market, by Application, 2019-2022 (USD Million)
Table 107 France: Thermoplastic Polyolefin Market, by Application, 2023-2028 (USD Million)
Table 108 France: Thermoplastic Polyolefin Market, by Application, 2019-2022 (Ton)
Table 109 France: Thermoplastic Polyolefin Market, by Application, 2023-2028 (Ton)
9.7.4 Spain
9.7.4.1 Rise in Automobile Production to Drive Demand
Table 110 Spain: Thermoplastic Polyolefin Market, by Application, 2019-2022 (USD Million)
Table 111 Spain: Thermoplastic Polyolefin Market, by Application, 2023-2028 (USD Million)
Table 112 Spain: Thermoplastic Polyolefin Market, by Application, 2019-2022 (Ton)
Table 113 Spain: Thermoplastic Polyolefin Market, by Application, 2023-2028 (Ton)
9.7.5 Italy
9.7.5.1 Growth of Automotive Sector to Drive Market
Table 114 Italy: Thermoplastic Polyolefin Market, by Application, 2019-2022 (USD Million)
Table 115 Italy: Thermoplastic Polyolefin Market, by Application, 2023-2028 (USD Million)
Table 116 Italy: Thermoplastic Polyolefin Market, by Application, 2019-2022 (Ton)
Table 117 Italy: Thermoplastic Polyolefin Market, by Application, 2023-2028 (Ton)
9.7.6 Rest of Europe
Table 118 Rest of Europe: Thermoplastic Polyolefin Market, by Application, 2019-2022 (USD Million)
Table 119 Rest of Europe: Thermoplastic Polyolefin Market, by Application, 2023-2028 (USD Million)
Table 120 Rest of Europe: Thermoplastic Polyolefin Market, by Application, 2019-2022 (Ton)
Table 121 Rest of Europe: Thermoplastic Polyolefin Market, by Application, 2023-2028 (Ton)
9.8 Middle East & Africa
9.9 Recession Impact
Figure 32 Middle East and Africa: Thermoplastic Polyolefin Market Snapshot
Table 122 Middle East and Africa: Thermoplastic Polyolefin Market, by Country, 2019-2022 (Ton)
Table 123 Middle East and Africa: Thermoplastic Polyolefin Market, by Country, 2023-2028 (Ton)
Table 124 Middle East and Africa: Thermoplastic Polyolefin Market, by Country,2019-2026 (USD Million)
Table 125 Middle East and Africa: Thermoplastic Polyolefin Market, by Country, 2023-2028 (USD Million)
Table 126 Middle East and Africa: Thermoplastic Polyolefin Market, by Application,2019-2022 (Ton)
Table 127 Middle East and Africa: Thermoplastic Polyolefin Market, by Application,2023-2028 (Ton)
Table 128 Middle East and Africa: Thermoplastic Polyolefin Market, by Application, 2019-2022 (USD Million)
Table 129 Middle East and Africa: Thermoplastic Polyolefin Market, by Application, 2023-2028 (USD Million)
Table 130 Middle East and Africa: Thermoplastic Polyolefin Market, by Type, 2019-2022 (Ton)
Table 131 Middle East and Africa: Thermoplastic Polyolefin Market, by Type, 2023-2028 (Ton)
Table 132 Middle East and Africa: Thermoplastic Polyolefin Market, by Type, 2019-2022 (USD Million)
Table 133 Middle East and Africa: Thermoplastic Polyolefin Market, by Type, 2023-2028 (USD Million)
9.9.1 South Africa
9.9.1.1 Steady Recovery of Several End-use Industries from COVID-19 Impact to Drive Market
Table 134 South Africa: Thermoplastic Polyolefin Market, by Application, 2019-2022 (Ton)
Table 135 South Africa: Thermoplastic Polyolefin Market, by Application, 2023-2028 (Ton)
Table 136 South Africa: Thermoplastic Polyolefin Market, by Application, 2019-2022 (USD Million)
Table 137 South Africa: Thermoplastic Polyolefin Market, by Application, 2023-2028 (USD Million)
9.9.2 Gcc Countries
9.9.2.1 Investment in Automotive and Construction Industries to Drive Market
Table 138 Gcc Countries: Thermoplastic Polyolefin Market, by Application, 2019-2022 (Ton)
Table 139 Gcc Countries: Thermoplastic Polyolefin Market, by Application, 2023-2028 (Ton)
Table 140 Gcc Countries: Thermoplastic Polyolefin Market, by Application, 2019-2022 (USD Million)
Table 141 Gcc Countries: Thermoplastic Polyolefin Market, by Application, 2023-2028 (USD Million)
9.9.3 Rest of Middle East & Africa
Table 142 Rest of Middle East & Africa: Thermoplastic Polyolefin Market, by Application,2019-2022 (Ton)
Table 143 Rest of Middle East & Africa: Thermoplastic Polyolefin Market, by Application,2023-2028 (Ton)
Table 144 Rest of Middle East & Africa: Thermoplastic Polyolefin Market, by Application, 2019-2022 (USD Million)
Table 145 Rest of Middle East & Africa: Thermoplastic Polyolefin Market, by Application, 2023-2028 (USD Million)
9.10 South America
9.11 Recession Impact
Figure 33 South America: Thermoplastic Polyolefin Market Snapshot
Table 146 South America: Thermoplastic Polyolefin Market, by Country, 2019-2022 (Ton)
Table 147 South America: Thermoplastic Polyolefin Market, by Country, 2023-2028 (Ton)
Table 148 South America: Thermoplastic Polyolefin Market, by Country, 2019-2026 (USD Million)
Table 149 South America: Thermoplastic Polyolefin Market, by Country, 2023-2028 (USD Million)
Table 150 South America: Thermoplastic Polyolefin Market, by Application, 2019-2022 (Ton)
Table 151 South America: Thermoplastic Polyolefin Market, by Application, 2023-2028 (Ton)
Table 152 South America: Thermoplastic Polyolefin Market, by Application, 2019-2022 (USD Million)
Table 153 South America: Thermoplastic Polyolefin Market, by Application, 2023-2028 (USD Million)
Table 154 South America: Thermoplastic Polyolefin Market, by Type, 2019-2022 (Ton)
Table 155 South America: Thermoplastic Polyolefin Market, by Type, 2023-2028 (Ton)
Table 156 South America: Thermoplastic Polyolefin Market, by Type, 2019-2022 (USD Million)
Table 157 South America: Thermoplastic Polyolefin Market, by Type, 2023-2028 (USD Million)
9.11.1 Brazil
9.11.1.1 Rising Demand from Automotive Sector to Drive Market
Table 158 Brazil: Thermoplastic Polyolefin Market, by Application,2019-2022 (Ton)
Table 159 Brazil: Thermoplastic Polyolefin Market, by Application,2023-2028 (Ton)
Table 160 Brazil: Thermoplastic Polyolefin Market, by Application, 2019-2022 (USD Million)
Table 161 Brazil: Thermoplastic Polyolefin Market, by Application, 2023-2028 (USD Million)
9.11.2 Argentina
9.11.2.1 Sluggish Growth of Manufacturing Sector to Drive Market
Table 162 Argentina: Thermoplastic Polyolefin Market, by Application,2019-2022 (Ton)
Table 163 Argentina: Thermoplastic Polyolefin Market, by Application,2023-2028 (Ton)
Table 164 Argentina: Thermoplastic Polyolefin Market, by Application, 2019-2022 (USD Million)
Table 165 Argentina: Thermoplastic Polyolefin Market, by Application, 2023-2028 (USD Million)
9.11.3 Rest of South America
Table 166 Rest of South America: Thermoplastic Polyolefin Market, by Application,2019-2022 (Ton)
Table 167 Rest of South America: Thermoplastic Polyolefin Market, by Application,2023-2028 (Ton)
Table 168 Rest of South America: Thermoplastic Polyolefin Market, by Application, 2019-2022 (USD Million)
Table 169 Rest of South America: Thermoplastic Polyolefin Market, by Application, 2023-2028 (USD Million)

10 Competitive Landscape
10.1 Introduction
10.2 Strategies Adopted by Key Players
10.2.1 Overview of Strategies Adopted by Key Thermoplastic Polyolefin Manufacturers
10.3 Market Share Analysis
10.3.1 Ranking of Key Market Players, 2022
Figure 34 Ranking of Top Five Players in Thermoplastic Polyolefin Market, 2022
10.3.2 Market Share of Key Players
Table 170 Thermoplastic Polyolefin: Degree of Competition
Figure 35 Thermoplastic Polyolefin Market in 2022
10.3.2.1 Sabic
10.3.2.2 Sumitomo Chemical Co. Ltd.
10.3.2.3 ExxonMobil Corporation
10.3.2.4 Dow
10.3.2.5 Mitsui Chemicals, Inc
10.4 Company Product Footprint Analysis
Table 171 Thermoplastic Polyolefin Market: Key Company Application Footprint
Table 172 Thermoplastic Polyolefin Market: Key Company Type Footprint
Table 173 Thermoplastic Polyolefin Market: Key Company Region Footprint
10.5 Company Evaluation Quadrant (Tier 1)
10.5.1 Stars
10.5.2 Emerging Leaders
10.5.3 Pervasive Players
10.5.4 Participants
Figure 36 Thermoplastic Polyolefin Market Company Evaluation Matrix, 2022 (Tier 1)
10.6 Competitive Benchmarking
Table 174 Thermoplastic Polyolefin Market: Detailed List of Key Startups/SMEs
10.6.1 Thermoplastic Polyolefin Market: Competitive Benchmarking of Key Startups/SMEs
Table 175 SME Players Application Footprint
Table 176 SME Players Type Footprint
Table 177 Thermoplastic Polyolefin Market: SME Players Region Footprint
10.7 Startup/SME Evaluation Quadrant
10.7.1 Responsive Companies
10.7.2 Starting Blocks
10.7.3 Progressive Companies
10.7.4 Dynamic Companies
Figure 37 Thermoplastic Polyolefin Market Start-Ups/SMEs Company Evaluation Matrix, 2022
10.8 Competitive Scenarios and Trends
10.8.1 Product Launches
Table 178 Thermoplastic Polyolefin Market: Product Launches (2019-2022)
10.8.2 Deals
Table 179 Thermoplastic Polyolefin Market: Deals (2020-2023)
10.8.3 Other Developments
Table 180 Thermoplastic Polyolefin Other Developments (2021-2023)

11 Company Profiles
11.1 Key Players
(Business Overview, Products Offered, Recent Developments, and Analyst's View (Key Strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
11.1.1 Dow
Table 181 Dow: Company Overview
Figure 38 Dow: Company Snapshot
Table 182 Dow: Products/Services/Solutions Offered
Table 183 Dow: Other Developments
Table 184 Dow: Product Launches
11.1.2 Mitsui Chemicals, Inc.
Table 185 Mitsui Chemicals, Inc.: Company Overview
Table 186 Mitsui Chemicals, Inc.: Products/Services/Solutions Offered
11.1.3 Exxonmobil Corporation
Table 187 Exxonmobil Corporation: Business Overview
Figure 39 Exxonmobil Corporation: Company Snapshot
Table 188 Exxonmobil Corporation: Products/Services/Solutions Offered
11.1.4 Sabic
Table 189 Sabic: Company Overview
Figure 40 Sabic: Company Snapshot
Table 190 Sabic: Products/Services/Solutions Offered
Table 191 Sabic: Deal
Table 192 Sabic: Deals
Table 193 Sabic: Product Launches
11.1.5 Sumitomo Chemical Co. Ltd.
Table 194 Sumitomo Chemical Co. Ltd.: Business Overview
Figure 41 Sumitomo Chemical Co. Ltd.: Company Snapshot
Table 195 Sumitomo Chemical Co. Ltd.: Products/Services/Solutions Offered
11.1.6 Lyondellbasell Industries N.V.
Table 196 Lyondellbasell Industries N.V.: Company Overview
Figure 42 Lyondellbasell Industries N.V.: Company Snapshot
Table 197 Lyondellbasell Industries N.V.: Products/Services/Solutions Offered
11.1.7 Ineos Group Holding SA
Table 198 Ineos Group Holdings SA: Company Overview
Figure 43 Ineos Group Ltd.: Company Snapshot
Table 199 Ineos Group Holding SA: Products/Services/Solutions Offered
11.1.8 Recent Developments
Table 200 Ineos Group Holdings SA: Deals
Table 201 Ineos Group Holdings SA: Product Launch
11.1.9 Borealis AG
Table 202 Borealis AG: Business Overview
Figure 44 Borealis AG: Company Snapshot
Table 203 Borealis AG: Products/Services/Solutions Offered
Table 204 Borealis AG: Deals
11.1.10 Formosa Plastic Corporation
Table 205 Formosa Plastics Corporation: Company Overview
11.1.11 Products/Services/Solutions Offered
Table 206 Formosa Plastics Corporation: Product Offerings
11.1.12 Recent Developments
Table 207 Formosa Plastics Corporation: Product Launch
11.1.13 Rtp Company
Table 208 Rtp Company: Company Overview
Table 209 Rtp Company: Products/Services/Solutions Offered
Table 210 Rtp Company: Deals
11.2 Other Players
11.2.1 Polyone Corporation
Table 211 Polyone Corporation: Company Overview
11.2.2 Mitsubishi Chemical Holding Corporation
Table 212 Mitsubishi Chemical Holding Corporation: Company Overview
11.2.3 Elastron
Table 213 Elastron: Company Overview
11.2.4 Gaf
Table 214 Gaf: Company Overview
11.2.5 Teknor Apex Company
Table 215 Teknor Apex Company: Company Overview
11.2.6 Raigh Refining and Petrochemical Company
Table 216 Raigh Refining and Petrochemical Company: Company Overview
11.2.7 Noble Polymers
Table 217 Noble Polymers: Company Overview
11.2.8 Hexpol Ab
Table 218 Hexpol Ab: Company Overview
11.2.9 Washington Penn
Table 219 Washington Penn: Company Overview
11.2.10 Alphagary Limited
Table 220 Alphagary Limited: Company Overview
11.2.11 Saudi Aramco
Table 221 Saudi Aramco: Company Overview
11.2.12 Kraton Corporation
Table 222 Kraton Corporation: Company Overview
11.2.13 Adell Plastics, Inc. Incorporation
Table 223 Adell Plastics, Inc.: Company Overview
11.2.14 Asahi Kasei
Table 224 Asahi Kasei: Company Overview
11.2.15 Zeon Corporation
Table 225 Zeon Corporation: Company Overview
*Details on Business Overview, Products Offered, Recent Developments, and Analyst's View (Key Strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) Might Not be Captured in the Case of Unlisted Companies.

12 Appendix
12.1 Discussion Guide

Companies Mentioned

  • Adell Plastics, Inc. Incorporation
  • Alphagary Limited
  • Asahi Kasei
  • Borealis AG
  • Dow
  • Elastron
  • Exxonmobil Corporation
  • Formosa Plastic Corporation
  • Gaf
  • Hexpol Ab
  • Ineos Group Holding SA
  • Kraton Corporation
  • Lyondellbasell Industries N.V.
  • Mitsubishi Chemical Holding Corporation
  • Mitsui Chemicals, Inc.
  • Noble Polymers
  • Polyone Corporation
  • Raigh Refining and Petrochemical Company
  • Rtp Company
  • Sabic
  • Saudi Aramco
  • Sumitomo Chemical Co. Ltd.
  • Teknor Apex Company
  • Washington Penn
  • Zeon Corporation

Methodology

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Table Information

Report AttributeDetails
No. of Pages211
PublishedOctober 2023
Forecast Period2023 - 2028
Estimated Market Value ( USD ) in 2023 $ 5.4 Billion
Forecasted Market Value ( USD ) by 2028 $ 7.3 Billion
Compound Annual Growth Rate6.0%
Regions CoveredGlobal
No. of Companies Mentioned25

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About the Polyolefin Market

Thermoplastic Polyolefin (TPO) is a type of plastic that is used in a variety of applications. It is a thermoplastic elastomer, meaning it has properties of both a plastic and a rubber. It is a lightweight, flexible material that is resistant to UV radiation, ozone, and chemicals. It is also resistant to extreme temperatures, making it suitable for outdoor applications. TPO is often used in automotive parts, roofing membranes, and medical devices. It is also used in the production of consumer goods such as toys, sporting goods, and packaging. TPO is a cost-effective material that is easy to process and can be recycled. It is also environmentally friendly, as it does not contain any halogens or plasticizers. Some companies in the TPO market include BASF, Dow Chemical, ExxonMobil, and SABIC. Show Less Read more

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