The global TPO market was valued at US$2.3 bn in 2015 and is likely to reach US$4.3 bn by 2024, expanding at a CAGR of 7.3% therein.
Albany, NY -- (SBWIRE) -- 11/30/2016 -- TPO, a light weight material, is a major product in thermoplastic elastomers family. It has one of the lowest specific gravities among all the thermoplastic elastomers. TPO is widely used in automotive interior and exterior components. It is employed in automotive bumpers, dashboard skins, door panels, and instrument panels. TPO is extensively used in the production of roofing membrane systems and door panels in the building & construction industry. It is also used in various end-users such as home appliances, medical, industrial, footwear, and rubber goods.
The report estimates and forecasts the TPO market on the global, regional, and country levels. The study provides forecast between 2016 and 2024 based on volume (tons) and revenue (US$ Mn) with 2015 as the base year. The report comprises an exhaustive value chain analysis for each of the product segments. It provides a comprehensive view of the market. Value chain analysis also offers detailed information about value addition at each stage. The study includes drivers and restraints for the TPO market along with their impact on demand during the forecast period. The study also provides key market indicators affecting the growth of the market. The report analyzes opportunities in the TPO market on the global and regional level. Drivers, restraints, and opportunities mentioned in the report are justified through quantitative and qualitative data. These have been verified through primary and secondary resources. Furthermore, the report analyzes substitute analysis of TPO and global average price trend analysis.
The report includes Porter's Five Forces Model to determine the degree of competition in the TPO market. It comprises qualitative write-up on market attractiveness analysis, wherein end-users and countries have been analyzed based on attractiveness for each region. Growth rate, market size, raw material availability, profit margin, impact strength, technology, competition, and other factors (such as environmental and legal) have been evaluated in order to derive the general attractiveness of the market. The report comprises price trend analysis for TPO between 2016 and 2024.
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Thermoplastic Polyolefin Market: Segmentation
The study provides comprehensive view of the TPO market by dividing it into end-user and geography. The TPO market has been segmented into automotive, building & construction, home appliances, medical, industrial, footwear, and others. End-user segments have been analyzed based on historic, present, and future trends.
Regional segmentation includes the current and forecast demand for TPO in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA). Additionally, the report comprises country-level analysis in terms of volume and revenue for end-user segments. Key countries such as the U.S., France, Germany, Italy, the U.K., China, India, Japan, South Africa, Mexico, and Brazil have been included in the study. Market segmentation includes demand for individual end-users in all the regions and countries.
Thermoplastic Polyolefin Market: Competitive Landscape
The report covers detailed competitive outlook that includes market share and profiles of key players operating in the global market. Major players profiled in the report include Lyondell Basell Industries Holding B.V., Exxon Mobil Corporation, Mitsui Chemicals, Inc., Borealis AG, Mitsubishi Chemical Holding Corporation, Chevron Phillips Chemical Company LLC, PolyOne Corporation, A.Schulman, and INEOS Group Limited. Company profiles include attributes such as company overview, number of employees, brand overview, key competitors, business overview, business strategies, recent/key developments, acquisitions, and financial overview (wherever applicable).
Thermoplastic Polyolefin Market: Research Methodology
Secondary research sources that were typically referred to include, but were not limited to company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings. Other sources such as internal and external proprietary databases, statistical databases and market reports, news articles, national government documents, and webcasts specific to companies operating in the market have also been referred for the report.
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In-depth interviews and discussions with wide range of key opinion leaders and industry participants were conducted to compile this research report. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. Key players' product literature, annual reports, press releases, and relevant documents were reviewed for competitive analysis and market understanding. This helped in validating and strengthening secondary research findings. Primary research further helped in developing the analysis team's expertise and market understanding.
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