Thermoplastic Polyolefins Market Research Report - Forecast to 2030

Thermoplastic Polyolefins Market Research Report- Information by Application (Automotive, Medical, Home Appliances, Building & Construction, Industrial, and Others) and Region - Forecast till 2030

ID: MRFR/CnM/3984-HCR | February 2021 | Region: Global | 138 pages

Thermoplastic Polyolefins Market Synopsis


Thermoplastic polyolefins are high-performance polypropylene based compound, which has the combination of polyolefin semi-crystalline thermoplastic and amorphous elastomeric components. They are derived from the blending of ethylene propylene diene monomer rubber or ethylene propylene rubber and polypropylene material. Moreover, during their manufacturing process, they do not have any vulcanization step. They improve ductility and offer high impact resistance. They exhibit superior properties such as high chemical resistance and excellent weather durability, which make them suitable for utilization in numerous end-use application such as building & construction, industrial, home appliances, automotive, medical, and others.


As per our analysis, some of the important market factors and trends identified in the Thermoplastic Polyolefins Market are flourishing growth of the automotive industry, rapid industrialization, improved home appliances manufacturing industries. In addition, increasing per capita disposable income combined with rising tendency to own personal vehicle is expected to propel the automotive segment growth which is further likely to fuel the growth of the market. Thermoplastic polyolefins are used in the manufacturing of door panels and roofing membranes in building & construction industry, so rising building and construction activities in developing and developing nations along with high adoption rare from this industry is estimated to fuel the growth of the market during the assessment period, 2017-2023. Furthermore, strict regulations regarding the carbon emission is another favorable factor for the growth of the market. On the other hand, the tremendous growth of the medical industry in developed regions along with the usage of thermoplastic polyolefins based product present a lucrative opportunity for the market growth in the upcoming years. However, fluctuation in raw material prices along with the threat of substitutes such as thermoplastic polyurethane, polyvinyl chloride, and other thermoplastic compounds are estimated to hinder the growth of the market over the assessment period.


The Thermoplastic Polyolefins Market Share by Application (2016), (%)


 thermoplastic polyolefins market


Source: MRFR Analysis


Regional Analysis


The Thermoplastic Polyolefins Market is spanned across five regions: Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa. Among these, North America emerged as the leading market and is predicted to grow with the moderate CAGR over the forecast period, 2017 to 2023, due to average growth of automotive and significant growth of the medical sector. North America is further segmented into U.S. and Canada, the U.S. accounted for the largest regional Thermoplastic Polyolefins Market Share and is estimated to grow with the healthy CAGR during the assessment period on account of rising expenditure in research and development by the prominent market players. The U.S. is followed by Canada which is expected to register moderate growth owing to rising base for pharmaceutical industries. The European market is estimated to witness above-average growth on account of the presence of automobile manufacturers in this region. In Europe, numerous countries such as Germany, U.K., France, Italy, and Russia are among the major contributors in the regional market growth and is estimated to retain their dominance due to the wide utilization of thermoplastic polyolefins in the manufacturing of automotive components.


Thermoplastic Polyolefins Market in the Asia Pacific is predicted to register tremendous growth on account of burgeoning demand from automotive sector along with high penetration of thermoplastic polyolefins manufacturer in this region. The demand for thermoplastic polyolefins is estimated to surge in various countries such as Japan, China, India, South Korea, Taiwan, Malaysia, Thailand, and Australia on account of increasing construction activities along with favorable government regulations. Furthermore, the huge population along with rapid urbanization in emerging economies are predicted to establish the Asia Pacific as the most lucrative region in the Thermoplastic Polyolefins Market. In Latin America, countries such as Brazil and Mexico are among the dominated region and is estimated to retain their dominance due to continuous demand from the automotive sector. Moreover, the countries of the Middle East and Africa such as Oman, Qatar, Saudi Arabia, the United Arab Emirates (UAE), and Turkey are expected to register a steady growth due to rising building & construction activities in this region. Moreover, increasing consumer spending on home appliances along with the continuous growth of the automotive sector in developing countries of Latin America and the Middle East and Africa is estimated to drive the market growth.


Segmentation


The Thermoplastic Polyolefins Market is categorized on the basis of Application and Region. On the basis of Application, the Thermoplastic Polyolefins Market is classified into automotive, medical, home appliances, building & construction, industrial, and others. Others segment include rubber goods, packaging, wire & cable, battery, and footwear. On the basis of the Region, the Thermoplastic Polyolefins Market is segmented into Latin America, North America, Asia Pacific, Europe, and the Middle East & Africa.


Key Players


Some of the prominent players operating in the Thermoplastic Polyolefins Market are Exxon Mobil Corporation (U.S.), S&E Specialty Polymers (U.S.), SABIC (Saudi Arabia), INEOS Olefins & Polymers (UK), Johns Manville. A Berkshire Hathaway Company (U.S.), Arkema SA (France), The Hexpol group of companies (U.S.), LyondellBasell (the Netherlands), Sumitomo Chemical Co., Ltd. (Japan),  RTP Company (U.S.), Noble Polymers (U.S.) among others.


Geographical Analysis


The Thermoplastic Polyolefins Market Report covers brief analysis of geographical regions such as North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa.


Intended Audiences



  • Thermoplastic polyolefins manufacturers

  • Traders and Distributors of thermoplastic polyolefins

  • Production Process Industries

  • Potential Investors

  • Raw Material Suppliers

  • Nationalized Laboratory



Report Scope:
Report Attribute/Metric Details
  Market Size   2030: Significant value
  CAGR   (2022-2030) : Substantial CAGR
  Base Year   2021
  Forecast Period   2022 to 2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Application and Region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Exxon Mobil Corporation (U.S.), S&E Specialty Polymers (U.S.), SABIC (Saudi Arabia), INEOS Olefins & Polymers (UK), Johns Manville. A Berkshire Hathaway Company (U.S.), Arkema SA (France), The Hexpol group of companies (U.S.), LyondellBasell (the Netherlands), Sumitomo Chemical Co., Ltd. (Japan), RTP Company (U.S.), Noble Polymers (U.S.) among others.
  Key Market Opportunities   Increasing per capita disposable income combined with rising tendency to own personal vehicle is expected to propel the automotive segment growth
  Key Market Drivers   Flourishing growth of the automotive industry, rapid industrialization, improved home appliances manufacturing industries.


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Frequently Asked Questions (FAQ) :


Thermoplastic Polyolefins market is predicted to grow through forecast period of 2020-2027.

The forecast period for Thermoplastic Polyolefins market research report is 2020-2027.

Global Thermoplastic Polyolefins market is dominated by North America region.

Exxon Mobil Corporation (U.S.), S&E Specialty Polymers (U.S.), SABIC (Saudi Arabia), INEOS Olefins & Polymers (UK), Johns Manville. A Berkshire Hathaway Company (U.S.), Arkema SA (France), The Hexpol group of companies (U.S.), LyondellBasell (the Netherlands), Sumitomo Chemical Co., Ltd. (Japan), RTP Company (U.S.), Noble Polymers (U.S.) among others.

TABLE OF CONTENTS

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Five Forces Analysis

4.1.1 Threat of New Entrants

4.1.2 Bargaining power of buyers

4.1.3 Threat of substitutes

4.1.4 Segment rivalry

4.2 Value Chain/Supply Chain of Global Thermoplastic Polyolefins Market

5 Industry Overview of Global Thermoplastic Polyolefins Market

5.1 Introduction

5.2 Growth Drivers

5.3 Impact analysis

5.4 Market Challenges

5.5 Impact analysis

6 Market Trends

6.1 Introduction

6.2 Growth Trends

6.3 Impact analysis

7. Global Thermoplastic Polyolefins Market by Application

7.1 Introduction

7.2 Automotive

7.2.1 Market Estimates & Forecast, 2020-2027

7.2.2 Market Estimates & Forecast by Region, 2020-2027

7.3 Medical

7.3.1 Market Estimates & Forecast, 2020-2027

7.3.2 Market Estimates & Forecast by Region, 2020-2027

7.4 Home Appliances

7.4.1 Market Estimates & Forecast, 2020-2027

7.4.2 Market Estimates & Forecast by Region, 2020-2027

7.5 Building & Construction

7.5.1 Market Estimates & Forecast, 2020-2027

7.5.2 Market Estimates & Forecast by Region, 2020-2027

7.6 Industrial

7.6.1 Market Estimates & Forecast, 2020-2027

7.6.2 Market Estimates & Forecast by Region, 2020-2027

7.7 Others

7.7.1 Market Estimates & Forecast, 2020-2027

7.7.2 Market Estimates & Forecast by Region, 2020-2027

8. Global Thermoplastic Polyolefins Market by Region

8.1 Introduction

8.2 North America

8.2.1 Market Estimates & Forecast, 2020-2027

8.2.2 Market Estimates & Forecast by Application, 2020-2027

8.2.3 US

8.2.3.1 Market Estimates & Forecast, 2020-2027

8.2.3.2 Market Estimates & Forecast by Application, 2020-2027

8.2.4 Canada

8.2.4.1 Market Estimates & Forecast, 2020-2027

8.2.4.2 Market Estimates & Forecast by Application, 2020-2027

8.3 Europe

8.3.1 Market Estimates & Forecast, 2020-2027

8.3.2 Market Estimates & Forecast by Application, 2020-2027

8.3.3 Germany

8.3.3.1 Market Estimates & Forecast, 2020-2027

8.3.3.2 Market Estimates & Forecast by Application, 2020-2027

8.3.4. France

8.3.4.1 Market Estimates & Forecast, 2020-2027

8.3.4.2 Market Estimates & Forecast by Application, 2020-2027

8.3.5 Italy

8.3.5.1 Market Estimates & Forecast, 2020-2027

8.3.5.2 Market Estimates & Forecast by Application, 2020-2027

8.3.6 Spain

8.3.6.1 Market Estimates & Forecast, 2020-2027

8.3.6.2 Market Estimates & Forecast by Application, 2020-2027

8.3.7 UK

8.3.7.1 Market Estimates & Forecast, 2020-2027

8.3.7.2 Market Estimates & Forecast by Application, 2020-2027

8.4 Asia Pacific

8.4.1 Market Estimates & Forecast, 2020-2027

8.4.2 Market Estimates & Forecast by Application, 2020-2027

8.4.3 China

8.4.3.1 Market Estimates & Forecast, 2020-2027

8.4.3.2 Market Estimates & Forecast by Application, 2020-2027

8.4.4 India

8.4.4.1 Market Estimates & Forecast, 2020-2027

8.4.4.2 Market Estimates & Forecast by Application, 2020-2027

8.4.5 Japan

8.4.5.1 Market Estimates & Forecast, 2020-2027

8.4.5.2 Market Estimates & Forecast by Application, 2020-2027

8.4.6 Australia

8.4.6.1 Market Estimates & Forecast, 2020-2027

8.4.6.2 Market Estimates & Forecast by Application, 2020-2027

8.4.7 New Zealand

8.4.7.1 Market Estimates & Forecast, 2020-2027

8.4.7.2 Market Estimates & Forecast by Application, 2020-2027

8.4.8 Rest of Asia Pacific

8.4.8.1 Market Estimates & Forecast, 2020-2027

8.4.8.2 Market Estimates & Forecast by Application, 2020-2027

8.5 Middle East & Africa

8.5.1 Market Estimates & Forecast, 2020-2027

8.5.2 Market Estimates & Forecast by Application, 2020-2027

8.5.3 Turkey

8.5.3.1 Market Estimates & Forecast, 2020-2027

8.5.3.2 Market Estimates & Forecast by Application, 2020-2027

8.5.4 Israel

8.5.4.1 Market Estimates & Forecast, 2020-2027

8.5.4.2 Market Estimates & Forecast by Application, 2020-2027

8.5.5 North Africa

8.5.5.1 Market Estimates & Forecast, 2020-2027

8.5.5.2 Market Estimates & Forecast by Application, 2020-2027

8.5.6 GCC

8.5.6.1 Market Estimates & Forecast, 2020-2027

8.5.6.2 Market Estimates & Forecast by Application, 2020-2027

8.5.7 Rest of Middle East & Africa

8.5.7.1 Market Estimates & Forecast, 2020-2027

8.5.7.2 Market Estimates & Forecast by Application, 2020-2027

8.6 Latin America

8.6.1 Market Estimates & Forecast, 2020-2027

8.6.2 Market Estimates & Forecast by Application, 2020-2027

8.6.3 Brazil

8.6.3.1 Market Estimates & Forecast, 2020-2027

8.6.3.2 Market Estimates & Forecast by Application, 2020-2027

8.6.4 Argentina

8.6.4.1 Market Estimates & Forecast, 2020-2027

8.6.4.2 Market Estimates & Forecast by Application, 2020-2027

8.6.5 Rest of Latin America

8.6.5.1 Market Estimates & Forecast, 2020-2027

8.6.5.2 Market Estimates & Forecast by Application, 2020-2027

9. Company Landscape

10. Company Profiles

10.1 Exxon Mobil Corporation

10.1.1 Company Overview

10.1.2 Product/Business Segment Overview

10.1.3 Financial Updates

10.1.4 Key Developments

10.2 S&E Specialty Polymers

10.2.1 Company Overview

10.2.2 Product/Business Segment Overview

10.2.3 Financial Updates

10.2.4 Key Developments

10.3 SABIC

10.3.1 Company Overview

10.3.2 Product/Business Segment Overview

10.3.3 Financial Updates

10.3.4 Key Development

10.4 INEOS Olefins & Polymers

10.4.1 Company Overview

10.4.2 Product/Business Segment Overview

10.4.3 Financial Updates

10.4.4 Key Developments

10.5 Johns Manville. A Berkshire Hathaway Company

10.5.1 Company Overview

10.5.2 Product/Business Segment Overview

10.5.3 Financial Updates

10.5.4 Key Developments

10.6 Arkema SA

10.6.1 Company Overview

10.6.2 Product/Business Segment Overview

10.6.3 Financial Updates

10.6.4 Key Developments

10.7 The Hexpol group of companies

10.7.1 Company Overview

10.7.2 Product/Business Segment Overview

10.7.3 Financial Updates

10.7.4 Key Developments

10.8 LyondellBasell

10.8.1 Company Overview

10.8.2 Product/Business Segment Overview

10.8.3 Financial Updates

10.8.4 Key Developments

10.9 Sumitomo Chemical Co., Ltd.

10.9.1 Company Overview

10.9.2 Product/Business Segment Overview

10.9.3 Financial Updates

10.9.4 Key Developments

10.10 RTP Company

10.10.1 Company Overview

10.10.2 Product/Business Segment Overview

10.10.3 Financial Updates

10.10.4 Key Developments

10.11 Noble Polymers

10.11.1 Company Overview

10.11.2 Product/Business Segment Overview

10.11.3 Financial Updates

10.11.4 Key Developments

11 Conclusion

LIST OF TABLES

Table 1 World Population by Major Regions (2020 To 2027)

Table 2 Global Thermoplastic Polyolefins Market: By Region, 2020-2027

Table 3 North America Thermoplastic Polyolefins Market: By Country, 2020-2027

Table 4 Europe Thermoplastic Polyolefins Market: By Country, 2020-2027

Table 5 Asia-Pacific Thermoplastic Polyolefins Market: By Country, 2020-2027

Table 6 Middle East & Africa Thermoplastic Polyolefins Market: By Country, 2020-2027

Table 7 Latin America Thermoplastic Polyolefins Market: By Country, 2020-2027

Table 8 Global Thermoplastic Polyolefins by Application Market: By Regions, 2020-2027

Table 9 North America Thermoplastic Polyolefins by Application Market: By Country, 2020-2027

Table 10 Europe Thermoplastic Polyolefins by Application Market: By Country, 2020-2027

Table 11 Asia-Pacific Thermoplastic Polyolefins by Application Market: By Country, 2020-2027

Table 12 Middle East & Africa Thermoplastic Polyolefins by Application Market: By Country, 2020-2027

Table 13 Latin America Thermoplastic Polyolefins by Application Market: By Country, 2020-2027

Table 14 Global Application Market: By Region, 2020-2027

Table 15 North America Thermoplastic Polyolefins Market, By Country

Table 16 North America Thermoplastic Polyolefins Market, By Application

Table 17 Europe: Thermoplastic Polyolefins Market, By Country

Table 18 Europe: Thermoplastic Polyolefins Market, By Application

Table 19 Asia-Pacific: Thermoplastic Polyolefins Market, By Country

Table 20 Asia-Pacific: Thermoplastic Polyolefins Market, By Application

Table 21 Middle East & Africa: Thermoplastic Polyolefins Market, By Country

Table 22 Middle East & Africa: Thermoplastic Polyolefins Market, By Application

Table 23 Latin America: Thermoplastic Polyolefins Market, By Country

Table 24 Latin America Thermoplastic Polyolefins Market, By Application

LIST OF FIGURES

FIGURE 1 Global Thermoplastic Polyolefins Market segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Five Forces Analysis of Global Thermoplastic Polyolefins Market

FIGURE 4 Value Chain of Global Thermoplastic Polyolefins Market

FIGURE 5 Share of Global Thermoplastic Polyolefins Market in 2020, by country (in %)

FIGURE 6 Global Thermoplastic Polyolefins Market, 2020-2027,

FIGURE 7 Sub segments of Application

FIGURE 8 Global Thermoplastic Polyolefins Market size by Application, 2020

FIGURE 9 Share of Global Thermoplastic Polyolefins Market by Application, 2020-2027