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Global Thermoplastic Polyolefins Market Propelled by U.S., China, Japan Automotive Industries

Transparency Market Research Report Added "Thermoplastic Polyolefins Market" to its database.

 

Albany, NY -- (SBWIRE) -- 07/15/2015 -- Thermoplastic polyolefins are composite materials composed of a variable proportion of polypropylene, rubber, polyethylene, and filler materials such as carbon fiber, fiberglass, and metal oxysulfates. They are one of several types of thermoplastic elastomers, which is itself one of many classes of polymers. Due to their superior physical properties such as durability and weather resistance, thermoplastic polyolefins are used in a wide variety of applications, including construction and automobile manufacture.Like most thermoplastic elastomers, thermoplastic polyolefins are usually processed through injection molding. The methods of profile extrusion and thermoforming are also picking up speed, though injection molding is still the dominant process used in the manufacture of thermoplastic polyolefins.

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Automotive Industry Leading Demand from Global Thermoplastic Polyolefins Market

The automotive industry is the major end user of thermoplastic polyolefins across the world. In automotive design, the lightweight thermoplastic polyolefins are used in a wide variety of components, both interior and exterior. Due to its light weight and high strength and durability, thermoplastic polyolefins can be used as an alternative to conventional automotive materials such as aluminum or steel.Other types of composites, themselves relatively recent additions in the automotive industry, are increasingly being overshadowed by the superior properties offered by thermoplastic polyolefins. Polyvinyl chloride, one of the most common composites used in automotive design, is also increasingly being replaced by thermoplastic polyolefins.

Among other end-use applications, construction is a leading consumer of thermoplastic polyolefins. The same properties that make TPOs lucrative to carmakers also make them suitable for usage in construction. Roofs, in particular, are often made from thermoplastic polyolefins, since they offer excellent water resistance and high durability. They can also be flexibly molded into customizable parts during manufacture, making their usage more efficient than other materials, which are usually mass-produced with little to no regard to customization.

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Easy Recyclability Aiding Demand for Thermoplastic Polyolefins in Developed Countries

North America is the leading regional segment of the global thermoplastic polyolefins market. The booming construction and automotive industries in this region are responsible for the high demand for thermoplastic polyolefins from North America. Regulatory support for the environmentally viable thermoplastic polyolefins is also helping demand for the same. Unlike many other polymers, TPOs can be completely recycled, leading to less environmental damage.The North America automotive industry has always been one of the largest in the world, aided by the presence of major American manufacturers such as Ford, GM, Chrysler, Chevrolet, etc. The leading position still held by the U.S. automotive industry in the global automotive market has led to massive demand for thermoplastic polyolefins from the U.S.

The construction industry in North America, once again led by the U.S., has conducted a remarkable turnaround after the low records posted in the 2008-09 global economic recession. New construction as well as renovation work has been on the up in recent years in North America, leading to demand for new and advanced techniques, including the usage of thermoplastic polyolefins.

Among other geographical segments of the global thermoplastic polyolefins market, China and Japan in Asia Pacific are other major national markets. India is also rising in prominence in the global thermoplastic polyolefins market. These three Asia Pacific markets for thermoplastic polyolefins owe their strong growth prospects to the expected growth of the automotive and construction industries in these rapidly industrializing and urbanizing countries.

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