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 Source
- 3.2.1. Primary Source
- 3.2.2. Secondary Source
4. Global Thermoplastic Polyolefins Market Insights
- 4.1. Thermoplastic Polyolefins Market - Market Snapshot
- 4.2. Thermoplastic Polyolefins Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Lightweighting in the Automotive Industry
- 4.2.1.2. Growth in Building and Construction Industry
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Fluctuating raw material prices
- 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 Polyolefins Market Application Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Thermoplastic Polyolefins Market, by Type
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Thermoplastic Polyolefins Market, by Type, 2020-2034 (USD Billion)
- 5.3. Polyethylene
- 5.3.1. Global Thermoplastic Polyolefins Market, by Polyethylene, by Region, 2020-2034 (USD Billion)
- 5.4. Polystyrene
- 5.4.1. Global Thermoplastic Polyolefins Market, by Polystyrene, by Region, 2020-2034 (USD Billion)
- 5.5. Polypropylene
- 5.5.1. Global Thermoplastic Polyolefins Market, by Polypropylene, by Region, 2020-2034 (USD Billion)
6. Global Thermoplastic Polyolefins Market, by Application
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Thermoplastic Polyolefins Market, by Application, 2020-2034 (USD Billion)
- 6.3. Film & Sheet
- 6.3.1. Global Thermoplastic Polyolefins Market, by Film & Sheet, by Region, 2020-2034 (USD Billion)
- 6.4. Blow Molding
- 6.4.1. Global Thermoplastic Polyolefins Market, by Blow Molding, by Region, 2020-2034 (USD Billion)
- 6.5. Injection Molding
- 6.5.1. Global Thermoplastic Polyolefins Market, by Injection Molding, by Region, 2020-2034 (USD Billion)
- 6.6. Others
- 6.6.1. Global Thermoplastic Polyolefins Market, by Others, by Region, 2020-2034 (USD Billion)
7. Global Thermoplastic Polyolefins Market, by End-Use Industry
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global Thermoplastic Polyolefins Market, by End-Use Industry, 2020-2034 (USD Billion)
- 7.3. Retail
- 7.3.1. Global Thermoplastic Polyolefins Market, by Retail, by Region, 2020-2034 (USD Billion)
- 7.4. Food & Beverages
- 7.4.1. Global Thermoplastic Polyolefins Market, by Food & Beverages, by Region, 2020-2034 (USD Billion)
- 7.5. Home & personal care
- 7.5.1. Global Thermoplastic Polyolefins Market, by Home & personal care, by Region, 2020-2034 (USD Billion)
- 7.6. Logistics
- 7.6.1. Global Thermoplastic Polyolefins Market, by Logistics, by Region, 2020-2034 (USD Billion)
- 7.7. Pharmaceuticals
- 7.7.1. Global Thermoplastic Polyolefins Market, by Pharmaceuticals, by Region, 2020-2034 (USD Billion)
- 7.8. Others
- 7.8.1. Global Thermoplastic Polyolefins Market, by Others, by Region, 2020-2034 (USD Billion)
8. Global Thermoplastic Polyolefins Market, by Geography
- 8.1. Key Findings
- 8.2. Introduction
- 8.2.1. Thermoplastic Polyolefins Market Assessment, By Geography, 2020-2034 (USD Billion)
- 8.3. Thermoplastic Polyolefins Market - North America
- 8.3.1. North America: Thermoplastic Polyolefins Market, by Type, 2020-2034 (USD Billion)
- 8.3.2. North America: Thermoplastic Polyolefins Market, by Application, 2020-2034 (USD Billion)
- 8.3.3. North America: Thermoplastic Polyolefins Market, by End-Use Industry, 2020-2034 (USD Billion)
- 8.3.4. Thermoplastic Polyolefins Market - U.S.
- 8.3.4.1. U.S.: Thermoplastic Polyolefins Market, by Type, 2020-2034 (USD Billion)
- 8.3.4.2. U.S.: Thermoplastic Polyolefins Market, by Application, 2020-2034 (USD Billion)
- 8.3.4.3. U.S.: Thermoplastic Polyolefins Market, by End-Use Industry, 2020-2034 (USD Billion)
- 8.3.5. Thermoplastic Polyolefins Market - Canada
- 8.3.5.1. Canada: Thermoplastic Polyolefins Market, by Type, 2020-2034 (USD Billion)
- 8.3.5.2. Canada: Thermoplastic Polyolefins Market, by Application, 2020-2034 (USD Billion)
- 8.3.5.3. Canada: Thermoplastic Polyolefins Market, by End-Use Industry, 2020-2034 (USD Billion)
- 8.4. Thermoplastic Polyolefins Market - Europe
- 8.4.1. Europe: Thermoplastic Polyolefins Market, by Type, 2020-2034 (USD Billion)
- 8.4.2. Europe: Thermoplastic Polyolefins Market, by Application, 2020-2034 (USD Billion)
- 8.4.3. Europe: Thermoplastic Polyolefins Market, by End-Use Industry, 2020-2034 (USD Billion)
- 8.4.4. Thermoplastic Polyolefins Market - UK
- 8.4.4.1. UK: Thermoplastic Polyolefins Market, by Type, 2020-2034 (USD Billion)
- 8.4.4.2. UK: Thermoplastic Polyolefins Market, by Application, 2020-2034 (USD Billion)
- 8.4.4.3. UK: Thermoplastic Polyolefins Market, by End-Use Industry, 2020-2034 (USD Billion)
- 8.4.5. Thermoplastic Polyolefins Market - France
- 8.4.5.1. France: Thermoplastic Polyolefins Market, by Type, 2020-2034 (USD Billion)
- 8.4.5.2. France: Thermoplastic Polyolefins Market, by Application, 2020-2034 (USD Billion)
- 8.4.5.3. France: Thermoplastic Polyolefins Market, by End-Use Industry, 2020-2034 (USD Billion)
- 8.4.6. Thermoplastic Polyolefins Market - Germany
- 8.4.6.1. Germany: Thermoplastic Polyolefins Market, by Type, 2020-2034 (USD Billion)
- 8.4.6.2. Germany: Thermoplastic Polyolefins Market, by Application, 2020-2034 (USD Billion)
- 8.4.6.3. Germany: Thermoplastic Polyolefins Market, by End-Use Industry, 2020-2034 (USD Billion)
- 8.4.7. Thermoplastic Polyolefins Market - Italy
- 8.4.7.1. Italy: Thermoplastic Polyolefins Market, by Type, 2020-2034 (USD Billion)
- 8.4.7.2. Italy: Thermoplastic Polyolefins Market, by Application, 2020-2034 (USD Billion)
- 8.4.7.3. Italy: Thermoplastic Polyolefins Market, by End-Use Industry, 2020-2034 (USD Billion)
- 8.4.8. Thermoplastic Polyolefins Market - Spain
- 8.4.8.1. Spain: Thermoplastic Polyolefins Market, by Type, 2020-2034 (USD Billion)
- 8.4.8.2. Spain: Thermoplastic Polyolefins Market, by Application, 2020-2034 (USD Billion)
- 8.4.8.3. Spain: Thermoplastic Polyolefins Market, by End-Use Industry, 2020-2034 (USD Billion)
- 8.4.9. Thermoplastic Polyolefins Market - Netherlands
- 8.4.9.1. Netherlands: Thermoplastic Polyolefins Market, by Type, 2020-2034 (USD Billion)
- 8.4.9.2. Netherlands: Thermoplastic Polyolefins Market, by Application, 2020-2034 (USD Billion)
- 8.4.9.3. Netherlands: Thermoplastic Polyolefins Market, by End-Use Industry, 2020-2034 (USD Billion)
- 8.4.10. Thermoplastic Polyolefins Market - Russia
- 8.4.10.1. Russia: Thermoplastic Polyolefins Market, by Type, 2020-2034 (USD Billion)
- 8.4.10.2. Russia: Thermoplastic Polyolefins Market, by Application, 2020-2034 (USD Billion)
- 8.4.10.3. Russia: Thermoplastic Polyolefins Market, by End-Use Industry, 2020-2034 (USD Billion)
- 8.4.11. Thermoplastic Polyolefins Market - Rest of Europe
- 8.4.11.1. Rest of Europe: Thermoplastic Polyolefins Market, by Type, 2020-2034 (USD Billion)
- 8.4.11.2. Rest of Europe: Thermoplastic Polyolefins Market, by Application, 2020-2034 (USD Billion)
- 8.4.11.3. Rest of Europe: Thermoplastic Polyolefins Market, by End-Use Industry, 2020-2034 (USD Billion)
- 8.5. Thermoplastic Polyolefins Market - Asia Pacific
- 8.5.1. Asia Pacific: Thermoplastic Polyolefins Market, by Type, 2020-2034 (USD Billion)
- 8.5.2. Asia Pacific: Thermoplastic Polyolefins Market, by Application, 2020-2034 (USD Billion)
- 8.5.3. Asia Pacific: Thermoplastic Polyolefins Market, by End-Use Industry, 2020-2034 (USD Billion)
- 8.5.4. Thermoplastic Polyolefins Market - China
- 8.5.4.1. China: Thermoplastic Polyolefins Market, by Type, 2020-2034 (USD Billion)
- 8.5.4.2. China: Thermoplastic Polyolefins Market, by Application, 2020-2034 (USD Billion)
- 8.5.4.3. China: Thermoplastic Polyolefins Market, by End-Use Industry, 2020-2034 (USD Billion)
- 8.5.5. Thermoplastic Polyolefins Market - India
- 8.5.5.1. India: Thermoplastic Polyolefins Market, by Type, 2020-2034 (USD Billion)
- 8.5.5.2. India: Thermoplastic Polyolefins Market, by Application, 2020-2034 (USD Billion)
- 8.5.5.3. India: Thermoplastic Polyolefins Market, by End-Use Industry, 2020-2034 (USD Billion)
- 8.5.6. Thermoplastic Polyolefins Market - Malaysia
- 8.5.6.1. Malaysia: Thermoplastic Polyolefins Market, by Type, 2020-2034 (USD Billion)
- 8.5.6.2. Malaysia: Thermoplastic Polyolefins Market, by Application, 2020-2034 (USD Billion)
- 8.5.6.3. Malaysia: Thermoplastic Polyolefins Market, by End-Use Industry, 2020-2034 (USD Billion)
- 8.5.7. Thermoplastic Polyolefins Market - Japan
- 8.5.7.1. Japan: Thermoplastic Polyolefins Market, by Type, 2020-2034 (USD Billion)
- 8.5.7.2. Japan: Thermoplastic Polyolefins Market, by Application, 2020-2034 (USD Billion)
- 8.5.7.3. Japan: Thermoplastic Polyolefins Market, by End-Use Industry, 2020-2034 (USD Billion)
- 8.5.8. Thermoplastic Polyolefins Market - Indonesia
- 8.5.8.1. Indonesia: Thermoplastic Polyolefins Market, by Type, 2020-2034 (USD Billion)
- 8.5.8.2. Indonesia: Thermoplastic Polyolefins Market, by Application, 2020-2034 (USD Billion)
- 8.5.8.3. Indonesia: Thermoplastic Polyolefins Market, by End-Use Industry, 2020-2034 (USD Billion)
- 8.5.9. Thermoplastic Polyolefins Market - South Korea
- 8.5.9.1. South Korea: Thermoplastic Polyolefins Market, by Type, 2020-2034 (USD Billion)
- 8.5.9.2. South Korea: Thermoplastic Polyolefins Market, by Application, 2020-2034 (USD Billion)
- 8.5.9.3. South Korea: Thermoplastic Polyolefins Market, by End-Use Industry, 2020-2034 (USD Billion)
- 8.5.10. Thermoplastic Polyolefins Market - Australia
- 8.5.10.1. Australia: Thermoplastic Polyolefins Market, by Type, 2020-2034 (USD Billion)
- 8.5.10.2. Australia: Thermoplastic Polyolefins Market, by Application, 2020-2034 (USD Billion)
- 8.5.10.3. Australia: Thermoplastic Polyolefins Market, by End-Use Industry, 2020-2034 (USD Billion)
- 8.5.11. Thermoplastic Polyolefins Market - Rest of Asia Pacific
- 8.5.11.1. Rest of Asia Pacific: Thermoplastic Polyolefins Market, by Type, 2020-2034 (USD Billion)
- 8.5.11.2. Rest of Asia Pacific: Thermoplastic Polyolefins Market, by Application, 2020-2034 (USD Billion)
- 8.5.11.3. Rest of Asia Pacific: Thermoplastic Polyolefins Market, by End-Use Industry, 2020-2034 (USD Billion)
- 8.6. Thermoplastic Polyolefins Market - Middle East & Africa
- 8.6.1. Middle East & Africa: Thermoplastic Polyolefins Market, by Type, 2020-2034 (USD Billion)
- 8.6.2. Middle East & Africa: Thermoplastic Polyolefins Market, by Application, 2020-2034 (USD Billion)
- 8.6.3. Middle East & Africa: Thermoplastic Polyolefins Market, by End-Use Industry, 2020-2034 (USD Billion)
- 8.6.4. Thermoplastic Polyolefins Market - Saudi Arabia
- 8.6.4.1. Saudi Arabia: Thermoplastic Polyolefins Market, by Type, 2020-2034 (USD Billion)
- 8.6.4.2. Saudi Arabia: Thermoplastic Polyolefins Market, by Application, 2020-2034 (USD Billion)
- 8.6.4.3. Saudi Arabia: Thermoplastic Polyolefins Market, by End-Use Industry, 2020-2034 (USD Billion)
- 8.6.5. Thermoplastic Polyolefins Market - UAE
- 8.6.5.1. UAE: Thermoplastic Polyolefins Market, by Type, 2020-2034 (USD Billion)
- 8.6.5.2. UAE: Thermoplastic Polyolefins Market, by Application, 2020-2034 (USD Billion)
- 8.6.5.3. UAE: Thermoplastic Polyolefins Market, by End-Use Industry, 2020-2034 (USD Billion)
- 8.6.6. Thermoplastic Polyolefins Market - Israel
- 8.6.6.1. Israel: Thermoplastic Polyolefins Market, by Type, 2020-2034 (USD Billion)
- 8.6.6.2. Israel: Thermoplastic Polyolefins Market, by Application, 2020-2034 (USD Billion)
- 8.6.6.3. Israel: Thermoplastic Polyolefins Market, by End-Use Industry, 2020-2034 (USD Billion)
- 8.6.7. Thermoplastic Polyolefins Market - South Africa
- 8.6.7.1. South Africa: Thermoplastic Polyolefins Market, by Type, 2020-2034 (USD Billion)
- 8.6.7.2. South Africa: Thermoplastic Polyolefins Market, by Application, 2020-2034 (USD Billion)
- 8.6.7.3. South Africa: Thermoplastic Polyolefins Market, by End-Use Industry, 2020-2034 (USD Billion)
- 8.6.8. Thermoplastic Polyolefins Market - Rest of Middle East & Africa
- 8.6.8.1. Rest of Middle East & Africa: Thermoplastic Polyolefins Market, by Type, 2020-2034 (USD Billion)
- 8.6.8.2. Rest of Middle East & Africa: Thermoplastic Polyolefins Market, by Application, 2020-2034 (USD Billion)
- 8.6.8.3. Rest of Middle East & Africa: Thermoplastic Polyolefins Market, by End-Use Industry, 2020-2034 (USD Billion)
- 8.7. Thermoplastic Polyolefins Market - Latin America
- 8.7.1. Latin America: Thermoplastic Polyolefins Market, by Type, 2020-2034 (USD Billion)
- 8.7.2. Latin America: Thermoplastic Polyolefins Market, by Application, 2020-2034 (USD Billion)
- 8.7.3. Latin America: Thermoplastic Polyolefins Market, by End-Use Industry, 2020-2034 (USD Billion)
- 8.7.4. Thermoplastic Polyolefins Market - Mexico
- 8.7.4.1. Mexico: Thermoplastic Polyolefins Market, by Type, 2020-2034 (USD Billion)
- 8.7.4.2. Mexico: Thermoplastic Polyolefins Market, by Application, 2020-2034 (USD Billion)
- 8.7.4.3. Mexico: Thermoplastic Polyolefins Market, by End-Use Industry, 2020-2034 (USD Billion)
- 8.7.5. Thermoplastic Polyolefins Market - Brazil
- 8.7.5.1. Brazil: Thermoplastic Polyolefins Market, by Type, 2020-2034 (USD Billion)
- 8.7.5.2. Brazil: Thermoplastic Polyolefins Market, by Application, 2020-2034 (USD Billion)
- 8.7.5.3. Brazil: Thermoplastic Polyolefins Market, by End-Use Industry, 2020-2034 (USD Billion)
- 8.7.6. Thermoplastic Polyolefins Market - Argentina
- 8.7.6.1. Argentina: Thermoplastic Polyolefins Market, by Type, 2020-2034 (USD Billion)
- 8.7.6.2. Argentina: Thermoplastic Polyolefins Market, by Application, 2020-2034 (USD Billion)
- 8.7.6.3. Argentina: Thermoplastic Polyolefins Market, by End-Use Industry, 2020-2034 (USD Billion)
- 8.7.7. Thermoplastic Polyolefins Market - Rest of Latin America
- 8.7.7.1. Rest of Latin America: Thermoplastic Polyolefins Market, by Type, 2020-2034 (USD Billion)
- 8.7.7.2. Rest of Latin America: Thermoplastic Polyolefins Market, by Application, 2020-2034 (USD Billion)
- 8.7.7.3. Rest of Latin America: Thermoplastic Polyolefins Market, by End-Use Industry, 2020-2034 (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. Arkema S.A.
- 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. Celanese Corporation
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Recent Development
- 10.4. Covestro AG
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Recent Development
- 10.5. ExxonMobil Corporation
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Recent Development
- 10.6. INEOS Olefins & Polymers Europe
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Recent Development
- 10.7. LyondellBasell Industries N.V.
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Recent Development
- 10.8. Mitsui Chemicals, Inc.
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Recent Development
- 10.9. Sumitomo Chemical Co., Ltd.
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Benchmarking
- 10.9.4. Recent Development
- 10.10. The Dow Chemical Company (Dow Inc.)
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. Product Benchmarking
- 10.10.4. Recent Development