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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 2026

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 2026

The global thermoplastic polyolefin (TPO) market size is estimated to be USD 4.5 billion in 2021 and is projected to reach USD 6.2 billion by 2026, at a CAGR of 6.4% between 2021 and 2026. The compounded TPO accounted for the largest market share of 41.0% in 2020. Automotive is estimated to be the largest end-use industry of TPOs during the forecast period, followed by building & construction in terms of volume. TPOs are used for exterior body parts such as bumpers, rocker panels, body seals, automotive gaskets, doors & windows, and other parts. Recent developments in TPO have enabled their use in underhood applications in the automobile industry.

“Compounded TPO is projected to be the largest segment by type in Thermoplastic polyolefin (TPO) market”

Based on type, compounded TPO accounted for the majority share of the TPO market in 2020. These TPOs are high-performance elastomers engineered to improve the performance of a broad range of end-products and applications. The increasing adoption in the automotive industry to reduce the weight of vehicles and improve their fuel efficiency helps to drive the TPOs market. Also, TPOs can be processed by various techniques such as injection molding, profile extrusion, thermoforming, and blow molding. It is weather-resistant and does not degrade on exposure to solar radiation. Hence, it is extensively used in making roofs and other outdoor applications.

“Automotive is projected to be the largest segment by application in Thermoplastic polyolefin (TPO) market”

The automotive industry led the TPOs market in 2020. The TPOs market in the automotive segment is projected to grow owing to increased competition among players to provide lightweight and robust auto parts, growing demand for vehicles, supportive government policies, development of transportation infrastructure, and rapid economic growth.

“APAC accounts for the largest share in Thermoplastic polyolefin (TPO) market by region”

The TPOs market in APAC accounted for the largest share of the overall market in 2020. The demand for TPO is expected to grow due to the developing construction and automotive sectors. In APAC, Japan dominated the TPOs market in 2020, followed by China and South Korea. The market is projected to register a high CAGR during the forecast period. Strong growth in automobile sales is expected to drive the market for TPOs in the region. Besides, the growth of the construction sector is expected to enhance the market.

Extensive primary interviews were conducted to determine and verify the market size for several segments and sub segments and information gathered through secondary research.
The break-up of primary interviews is given below:
•By Company Type - Tier 1 – 25%, Tier 2 – 50%, and Tier 3 – 25%
•By Designation – C-level Executives – 30%, Director level – 20%, and Others* – 50%
•By Region – North America– 30%, Europe – 20%, APAC – 25%, South America– 10%, and Middle East & Africa- 15%

Notes: Others include sales, marketing, and product managers.
Tier 1: >USD 1 Billion; Tier 2: USD 500 million–1 Billion; and Tier 3:
The leading players in the thermoplastic polyolefin market are Dow Inc (US), Mitsui Chemical, Inc (Japan), Exxon Mobil Corporation (US), LydondellBasell Industries N.V. (US), Ineos Group Ltd (UK), Boealis AG (Austria), Formossa Plastic Corporation (Taiwan), RTP Company (US), The Mitsubhishi Chemical Holding Group (Japan), and others.

Research Coverage:
This research report categorizes the Thermoplastic polyolefin (TPO) market on the basis of type, by application, and region. The report includes detailed information regarding the major factors influencing the growth of the Thermoplastic polyolefin (TPO) market, such as drivers, restraints, challenges, and opportunities. A detailed analysis of the key industry players has been done to provide insights into business overviews, products & services, key strategies, expansions, new product developments, acquisition and recent developments associated with the market.

Reasons to Buy the Report
The report will help market leaders/new entrants in this market in the following ways:
1.This report segments the Thermoplastic polyolefin (TPO) market comprehensively and provides the closest approximations of market sizes for the overall market and subsegments across verticals and regions.
2.The report will help stakeholders understand the pulse of the market and provide them information on the key market drivers, restraints, challenges, and opportunities.
3.This report will help stakeholders understand the major competitors and gain insights to enhance their position in the business. The competitive landscape section includes expansions, new product developments, and joint ventures.
4.The report includes the COVID-19 impact on the Thermoplastic polyolefin (TPO) market.
Table of Contents

1INTRODUCTION25
1.1OBJECTIVES OF THE STUDY25
1.2MARKET DEFINITION25
TABLE 1MARKET SEGMENTATION AND COMPOSITION: BY TYPE25
TABLE 2MARKET SEGMENTATION: BY APPLICATION26
1.2.1SCOPE OF RESEARCH WORK26
FIGURE 1THERMOPLASTIC POLYOLEFINS: MARKET SEGMENTATION27
1.2.2REGIONS COVERED27
1.2.3YEARS CONSIDERED FOR THE STUDY28
1.3CURRENCY28
1.4UNIT CONSIDERED28
1.5LIMITATIONS28
1.6STAKEHOLDERS28
2RESEARCH METHODOLOGY29
2.1RESEARCH DATA29
FIGURE 2THERMOPLASTIC POLYOLEFINS MARKET: RESEARCH DESIGN29
2.1.1SECONDARY DATA30
2.1.1.1Critical secondary inputs30
2.1.1.2Key data from secondary sources30
2.1.2PRIMARY DATA31
2.1.2.1Critical primary inputs31
2.1.2.2Key data from primary sources31
2.1.2.3Key industry insights32
2.1.2.4Breakdown of primary interviews32
2.1.2.5List of participated industry experts33
2.2MARKET SIZE ESTIMATION APPROACH33
2.2.1TOP-DOWN MARKET SIZE ESTIMATION: ASSESSMENT FROM OVERALL THERMOPLASTIC POLYOLEFINS MARKET SIZE33
FIGURE 3MARKET SIZE ESTIMATION: SUPPLY-SIDE ANALYSIS34
2.2.2ESTIMATING THERMOPLASTIC POLYOLEFINS MARKET SIZE FROM
THE MARKET SHARES OF KEY PLAYERS AND KEY APPLICATIONS34
FIGURE 4MARKET SIZE ESTIMATION: DEMAND-SIDE ANALYSIS35
2.3DATA TRIANGULATION36
FIGURE 5THERMOPLASTIC POLYOLEFINS MARKET: DATA TRIANGULATION36
2.4ASSUMPTIONS37
2.5LIMITATIONS37

3EXECUTIVE SUMMARY38
FIGURE 6COMPOUNDED THERMOPLASTIC POLYOLEFINS ACCOUNTED FOR
THE LARGEST MARKET SHARE IN 202038
FIGURE 7AUTOMOTIVE INDUSTRY TO LEAD THE THERMOPLASTIC POLYOLEFINS MARKET BETWEEN 2021 AND 202639
FIGURE 8APAC THERMOPLASTIC POLYOLEFINS MARKET TO WITNESS SIGNIFICANT GROWTH DURING THE FORECAST PERIOD40
4PREMIUM INSIGHTS41
4.1ATTRACTIVE OPPORTUNITIES IN THE THERMOPLASTIC POLYOLEFINS MARKET41
FIGURE 9GROWING DEMAND FROM THE AUTOMOTIVE INDUSTRY TO DRIVE
THE THERMOPLASTIC POLYOLEFINS MARKET41
4.2APAC THERMOPLASTIC POLYOLEFINS MARKET, BY TYPE AND COUNTRY, 202042
FIGURE 10POE AND JAPAN ACCOUNTED FOR THE LARGEST SHARES42
4.3THERMOPLASTIC POLYOLEFINS MARKET, BY KEY COUNTRIES42
FIGURE 11INDIA TO REGISTER THE HIGHEST CAGR42
5MARKET OVERVIEW43
5.Table of Contents

1INTRODUCTION43
5.2MARKET DYNAMICS43
FIGURE 12DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN
THE THERMOPLASTIC OLEFINS MARKET43
5.2.1DRIVERS44
5.2.1.1Increasing usage of TPOs in exterior and interior parts of automobiles to drive the market44
FIGURE 13GLOBAL AUTOMOTIVE PRODUCTION, JAN 2017–SEP 2021 (THOUSAND UNIT)44
5.2.1.2Steady growth in the building & construction industry will drive
the market45
TABLE 3CONSTRUCTION INVESTMENT STATISTICS, BY REGION (2019)45
5.2.1.3Increasing usage of TPO waterproofing membrane in the repair and maintenance activities46
5.2.2RESTRAINTS46
5.2.2.1Raw material price volatility46
5.2.3OPPORTUNITIES46
5.2.3.1Intra replacement of other thermoplastic polymers with TPOs46
5.2.3.2Increasing penetration of EVs across the globe to provide an opportunity for market growth46
FIGURE 14GLOBAL ELECTRIC PASSENGER CAR STOCK, 2010–2020 (MILLION)47
FIGURE 15GLOBAL ELECTRIC CAR REGISTRATIONS AND MARKET SHARE, 2015–202047
5.2.3.3Increasing demand from emerging applications47
FIGURE 16TOP 10 FOOTWEAR CONSUMING COUNTRIES’ SHARE, 202048
5.2.3.4Increasing demand from the packaging industry48
5.2.4CHALLENGES48
5.2.4.1Increasing trend of plastic recycling48

5.3PORTER’S FIVE FORCES ANALYSIS49
FIGURE 17THERMOPLASTIC POLYOLEFINS: PORTER’S FIVE FORCES ANALYSIS49
5.3.1BARGAINING POWER OF SUPPLIERS49
5.3.2THREAT OF NEW ENTRANTS50
5.3.3THREAT OF SUBSTITUTES50
5.3.4BARGAINING POWER OF BUYERS51
5.3.5INTENSITY OF COMPETITIVE RIVALRY51
5.4THERMOPLASTIC POLYOLEFINS MARKET: OPTIMISTIC, PESSIMISTIC, AND REALISTIC SCENARIOS52
FIGURE 18PRE- AND POST-COVID-19 ANALYSIS OF THERMOPLASTIC POLYOLEFINS DEMAND52
5.5FORECASTING FACTORS AND COVID-19 IMPACT ANALYSIS53
5.6SUPPLY CHAIN ANALYSIS54
FIGURE 19COMPOSITION OF THERMOPLASTIC POLYLEFINS, BY PRODUCT TYPE54
FIGURE 20COMPOSITION OF THERMOPLASTIC POLYLEFINS, BY PRODUCT TYPE54
5.6.1IMPACT OF COVID-19 ON SUPPLY CHAIN55
5.7ECOSYSTEM/MARKET MAPPING56
5.8YC & YCC SHIFT57
FIGURE 21NEXT-GEN MOBILITY, LIGHTWEIGHTING, DIGITALIZATION, AND IMPROVED MEDICAL ARE THE NEW SOURCES WHICH WILL CHANGE FUTURE REVENUE MIX OF SUPPLIERS57
TABLE 4YC, YCC, AND SHIFT FOR THERMOPLASTIC POLYOLEFINS MARKET57
5.9REGULATORY LANDSCAPE58
5.10THERMOPLASTIC POLYOLEFIN (TPO) PATENT ANALYSIS58
5.10.Table of Contents

1INTRODUCTION58
5.10.2METHODOLOGY59
5.10.3DOCUMENT TYPE59
TABLE 5PATENT STATUS TILL 202159
FIGURE 22STATUS OF PATENT, TILL 202159
FIGURE 23PUBLICATION TRENDS - LAST 10 YEARS60
FIGURE 24LEGAL STATUS61
FIGURE 25JURISDICTION ANALYSIS61
FIGURE 26TOP 10 COMPANIES/APPLICANTS WITH HIGHEST PATENTS62
TABLE 6LIST OF PATENTS, BY DOW GLOBAL TECHNOLOGIES LLC.62
TABLE 7LIST OF PATENTS, BY BOREALIS AG.63
TABLE 8LIST OF PATENTS, BY BUILDING MATERIALS INVEST CORP64
TABLE 9TOP 10 PATENT OWNERS (US) IN THE LAST 10 Y EARS64
5.11MACROECONOMIC INDICATORS65
5.11.1AUTOMOTIVE INDUSTRY65
TABLE 10PRODUCTION OF PASSENGER CARS, COMMERCIAL VEHICLES, TRUCKS,
AND BUSES65
5.11.2TRENDS AND FORECAST OF GDP66
TABLE 11TRENDS AND FORECAST OF GDP, ANNUAL PERCENTAGE CHANGE66
5.12TRADE SCENARIO: KEY EXPORTING AND IMPORTING COUNTRIES67
TABLE 12INTENSITY OF TRADE, BY KEY COUNTRY68
5.13CASE STUDY68
5.14AVERAGE PRICE ANALYSIS69
FIGURE 27WEIGHTED AVERAGE PRICING ANALYSIS (USD/TON) OF THERMOPLASTIC POLYOLEFIN, BY REGION, 202069
5.15TECHNOLOGY ANALYSIS70
5.15.1EXTRUSION70
5.15.2INJECTION MOLDING70
6THERMOPLASTIC POLYOLEFINS MARKET, BY TYPE71
6.Table of Contents

1INTRODUCTION72
FIGURE 28COMPOUNDED TPO PRODUCT TYPE WAS THE LARGEST SEGMENT OF
THE THERMOPLASTIC POLYOLEFINS MARKET IN 202072
TABLE 13THERMOPLASTIC POLYOLEFINS MARKET SIZE, BY TYPE, 2019–2026 (TON)72
TABLE 14THERMOPLASTIC POLYOLEFINS MARKET SIZE, BY TYPE,
2019–2026 (USD MILLION)73
6.2IN-SITU TPO73
6.2.1INCREASING APPLICATION IN AUTOMOTIVE AND CONSTRUCTION INDUSTRIES TO DRIVE THE DEMAND73
TABLE 15IN-SITU TPO MARKET SIZE, BY REGION, 2019–2026 (TON)73
TABLE 16IN-SITU TPO MARKET SIZE, BY REGION, 2019–2026 (USD MILLION)74
6.3COMPOUNDED TPO74
6.3.1SUPERIOR PHYSICO-CHEMICAL CHARACTERISTICS TO DRIVE ITS USE IN
THE AUTOMOTIVE INDUSTRY74
TABLE 17COMPOUNDED TPO MARKET SIZE, BY REGION, 2019–2026 (TON)74
TABLE 18COMPOUNDED TPO MARKET SIZE, BY REGION, 2019–2026 (USD MILLION)75
6.4POLYOLEFIN ELASTOMERS (POES)75
6.4.1INCREASE IN THEIR USAGE AS AN ALTERNATIVE TO RUBBER SUPPORTS MARKET GROWTH75
TABLE 19POLYOLEFIN ELASTOMERS MARKET SIZE, BY REGION, 2019–2026 (TON)75
TABLE 20POLYOLEFIN ELASTOMERS MARKET SIZE, BY REGION,
2019–2026 (USD MILLION)76
7THERMOPLASTIC POLYOLEFINS MARKET, BY APPLICATION77
7.Table of Contents

1INTRODUCTION78
FIGURE 29AUTOMOTIVE APPLICATION WAS THE LARGEST SEGMENT OF THE TPOS MARKET IN 202178
TABLE 21THERMOPLASTIC POLYOLEFINS MARKET SIZE, BY APPLICATION,
2019–2026 (TON)78
TABLE 22THERMOPLASTIC POLYOLEFINS MARKET SIZE, BY APPLICATION,
2019–2026 (USD MILLION)79
7.2AUTOMOTIVE79
7.2.1INCREASING PENETRATION OF EVS AND GROWING ADOPTION TO REDUCE THE WEIGHT OF CARS TO DRIVE THE MARKET79
FIGURE 30VEHICLE PRODUCTION DATA, 2018–201980
TABLE 23THERMOPLASTIC POLYOLEFINS MARKET SIZE IN AUTOMOTIVE APPLICATION, BY REGION, 2019–2026 (TON)81
TABLE 24THERMOPLASTIC POLYOLEFINS MARKET SIZE IN AUTOMOTIVE APPLICATION, BY REGION, 2019–2026 (USD MILLION)81
7.3BUILDING & CONSTRUCTION81
7.3.1EXCELLENT WATERPROOFING CHARACTERISTIC OF TPO MEMBRANES TO SUPPORT THE MARKET GROWTH81
TABLE 25THERMOPLASTIC POLYOLEFINS MARKET SIZE IN BUILDING & CONSTRUCTION APPLICATION, BY REGION, 2019–2026 (TON)82
TABLE 26THERMOPLASTIC POLYOLEFINS MARKET SIZE IN BUILDING & CONSTRUCTION APPLICATION, BY REGION, 2019–2026 (USD MILLION)82
7.4WIRES & CABLES82
7.4.1GROWING DEMAND FOR WIRES & CABLES ACROSS INDUSTRIES TO DRIVE THE MARKET82
TABLE 27THERMOPLASTIC POLYOLEFINS MARKET SIZE IN WIRES & CABLES APPLICATION, BY REGION, 2019–2026 (TON)83
TABLE 28THERMOPLASTIC POLYOLEFINS MARKET SIZE IN WIRES & CABLES APPLICATION, BY REGION, 2019–2026 (USD MILLION)83
7.5MEDICAL84
7.5.1COMPLIANCE WITH MEDICAL & HEALTHCARE STANDARDS TO DRIVE
THE MARKET84
TABLE 29THERMOPLASTIC POLYOLEFINS MARKET SIZE IN MEDICAL APPLICATION,
BY REGION, 2019–2026 (TON)84
TABLE 30THERMOPLASTIC POLYOLEFINS MARKET SIZE IN MEDICAL APPLICATION,
BY REGION, 2019–2026 (USD MILLION)84
7.6OTHERS85
TABLE 31THERMOPLASTIC POLYOLEFINS MARKET SIZE IN OTHER APPLICATIONS,
BY REGION, 2019–2026 (TON)85
TABLE 32THERMOPLASTIC POLYOLEFINS MARKET SIZE IN OTHER APPLICATIONS,
BY REGION, 2019–2026 (USD MILLION)85
8THERMOPLASTIC POLYOLEFINS MARKET, BY REGION86
8.Table of Contents

1INTRODUCTION87
TABLE 33THERMOPLASTIC POLYOLEFINS MARKET SIZE, BY REGION,
2019–2026 (TON)87
TABLE 34THERMOPLASTIC POLYOLEFINS MARKET SIZE, BY REGION,
2019–2026 (USD MILLION)87
8.2ASIA PACIFIC88
FIGURE 31ASIA PACIFIC: THERMOPLASTIC POLYOLEFINS MARKET SNAPSHOT88
TABLE 35ASIA PACIFIC: THERMOPLASTIC POLYOLEFINS MARKET SIZE, BY COUNTRY, 2019–2026 (TON)89
TABLE 36ASIA PACIFIC: THERMOPLASTIC POLYOLEFINS MARKET SIZE, BY COUNTRY, 2019–2026 (USD MILLION)89
TABLE 37ASIA PACIFIC: THERMOPLASTIC POLYOLEFINS MARKET SIZE,
BY APPLICATION, 2019–2026 (TON)89
TABLE 38ASIA PACIFIC: THERMOPLASTIC POLYOLEFINS MARKET SIZE,
BY APPLICATION, 2019–2026 (USD MILLION)90
TABLE 39ASIA PACIFIC: THERMOPLASTIC POLYOLEFINS MARKET SIZE, BY TYPE,
2019–2026 (TON)90
TABLE 40ASIA PACIFIC: THERMOPLASTIC POLYOLEFINS MARKET SIZE, BY TYPE,
2019–2026 (USD MILLION)90
8.2.1CHINA91
8.2.1.1Growth of the automotive and building & construction sectors and upcoming government policies act as key drivers for market growth91
TABLE 41CHINA EV PRODUCTION (10,000 UNIT), 2019 & 202091
TABLE 42CHINA: THERMOPLASTIC POLYOLEFINS MARKET SIZE, BY APPLICATION, 2019–2026 (TON)92
TABLE 43CHINA: THERMOPLASTIC POLYOLEFINS MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)92
8.2.2INDIA92
8.2.2.1Increasing FDI investment in the industrial sector to support
the market growth92
TABLE 44INDIA: THERMOPLASTIC POLYOLEFINS MARKET SIZE, BY APPLICATION,2019–2026 (TON)93
TABLE 45INDIA: THERMOPLASTIC POLYOLEFINS MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)93
8.2.3JAPAN93
8.2.3.1High usage rate of TPOs in the automotive industry to support
the market growth93
TABLE 46JAPAN VEHICLE PRODUCTION, JAN–JULY 2020 VS. 202194
TABLE 47JAPAN: THERMOPLASTIC POLYOLEFINS MARKET SIZE, BY APPLICATION, 2019–2026 (TON)94
TABLE 48JAPAN: THERMOPLASTIC POLYOLEFINS MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)94
8.2.4SOUTH KOREA95
8.2.4.1Building & construction to propel the thermoplastic elastomer market during the forecast period95
TABLE 49SOUTH KOREA: THERMOPLASTIC POLYOLEFINS MARKET SIZE,
BY APPLICATION, 2019–2026 (TON)95
TABLE 50SOUTH KOREA: THERMOPLASTIC POLYOLEFINS MARKET SIZE,
BY APPLICATION, 2019–2026 (USD MILLION)95
8.2.5REST OF ASIA PACIFIC96
TABLE 51REST OF APAC: THERMOPLASTIC POLYOLEFINS MARKET SIZE,
BY APPLICATION, 2019–2026 (TON)96
TABLE 52REST OF APAC: THERMOPLASTIC POLYOLEFINS MARKET SIZE,
BY APPLICATION, 2019–2026 (USD MILLION)97
8.3NORTH AMERICA97
FIGURE 32NORTH AMERICA: THERMOPLASTIC POLYOLEFINS MARKET SNAPSHOT98
TABLE 53NORTH AMERICA: THERMOPLASTIC POLYOLEFINS MARKET SIZE,
BY COUNTRY, 2019–2026 (TON)98
TABLE 54NORTH AMERICA: THERMOPLASTIC POLYOLEFINS MARKET SIZE,
BY COUNTRY, 2019–2026 (USD MILLION)99
TABLE 55NORTH AMERICA: THERMOPLASTIC POLYOLEFINS MARKET SIZE,
BY APPLICATION, 2019–2026 (TON)99
TABLE 56NORTH AMERICA: THERMOPLASTIC POLYOLEFINS MARKET SIZE,
BY APPLICATION, 2019–2026 (USD MILLION)99
TABLE 57NORTH AMERICA: THERMOPLASTIC POLYOLEFINS MARKET SIZE, BY TYPE, 2019–2026 (TON)100
TABLE 58NORTH AMERICA: THERMOPLASTIC POLYOLEFINS MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)100
8.3.1US100
8.3.1.1Increasing usage of TPO to reduce the weight of vehicles for making fuel-efficient vehicles will drive the market100
TABLE 59US: THERMOPLASTIC POLYOLEFINS MARKET SIZE, BY APPLICATION,
2019–2026 (TON)101
TABLE 60US: THERMOPLASTIC POLYOLEFINS MARKET SIZE, BY APPLICATION,
2019–2026 (USD MILLION)101
8.3.2CANADA101
8.3.2.1Increasing vehicle production in the country to drive the market101
TABLE 61CANADA: THERMOPLASTIC POLYOLEFINS MARKET SIZE, BY APPLICATION, 2019–2026 (TON)102
TABLE 62CANADA: THERMOPLASTIC POLYOLEFINS MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)102
8.3.3MEXICO103
8.3.3.1Rise in automobile production will surge the demand for TPO103
TABLE 63MEXICO’S VEHICLE PRODUCTION DATA, JUNE 2021 VS. JUNE 2020104
TABLE 64MEXICO: THERMOPLASTIC POLYOLEFINS MARKET SIZE, BY APPLICATION, 2019–2026 (TON)104
TABLE 65MEXICO: THERMOPLASTIC POLYOLEFINS MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)104
8.4EUROPE105
TABLE 66EUROPE: THERMOPLASTIC POLYOLEFINS MARKET SIZE, BY COUNTRY,
2019–2026 (TON)105
TABLE 67EUROPE: THERMOPLASTIC POLYOLEFINS MARKET SIZE, BY COUNTRY,
2019–2026 (USD MILLION)105
TABLE 68EUROPE: THERMOPLASTIC POLYOLEFINS MARKET SIZE, BY APPLICATION, 2019–2026 (TON)106
TABLE 69EUROPE: THERMOPLASTIC POLYOLEFINS MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)106
TABLE 70EUROPE: THERMOPLASTIC POLYOLEFINS MARKET SIZE, BY TYPE,
2019–2026 (TON)106
TABLE 71EUROPE: THERMOPLASTIC POLYOLEFINS MARKET SIZE, BY TYPE,
2019–2026 (USD MILLION)106
8.4.1GERMANY107
8.4.1.1Government support for boosting the automotive industry to drive
the market107
TABLE 72GERMANY: THERMOPLASTIC POLYOLEFINS MARKET SIZE, BY APPLICATION, 2019–2026 (TON)107
TABLE 73GERMANY: THERMOPLASTIC POLYOLEFINS MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)107

8.4.2UK108
8.4.2.1Increase in automobile registrations and construction output, a key driver of the TPOs market108
FIGURE 33THE UK CONSTRUCTION GROWTH RATE (%), JULY 2020 TO APRIL 2021108
FIGURE 34THE UK’S VEHICLE PRODUCTION, JULY 2020 TO APRIL 2021109
TABLE 74UK: THERMOPLASTIC POLYOLEFINS MARKET SIZE, BY APPLICATION,
2019–2026 (TON)109
TABLE 75UK: THERMOPLASTIC POLYOLEFINS MARKET SIZE, BY APPLICATION,
2019–2026 (USD MILLION)109
8.4.3FRANCE110
8.4.3.1Rising automobile production and output from construction drive
the TPOs market110
FIGURE 35FRANCE CONSTRUCTION GROWTH RATE (%), JULY 2020 TO APRIL 2021110
TABLE 76FRANCE: THERMOPLASTIC POLYOLEFINS MARKET SIZE, BY APPLICATION, 2019–2026 (TON)110
TABLE 77FRANCE: THERMOPLASTIC POLYOLEFINS MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)111
8.4.4SPAIN111
8.4.4.1Increase in construction output to drive the demand for TPOs111
FIGURE 36SPAIN CONSTRUCTION GROWTH RATE (%), JULY 2020 TO APRIL 2021111
TABLE 78SPAIN: THERMOPLASTIC POLYOLEFINS MARKET SIZE, BY APPLICATION, 2019–2026 (TON)112
TABLE 79SPAIN: THERMOPLASTIC POLYOLEFINS MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)112
8.4.5ITALY112
8.4.5.1Growth of the automotive sector in Italy is a key driver of the TPOs market112
TABLE 80ITALY: THERMOPLASTIC POLYOLEFINS MARKET SIZE, BY APPLICATION, 2019–2026 (TON)113
TABLE 81ITALY: THERMOPLASTIC POLYOLEFINS MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)113
8.4.6REST OF EUROPE113
TABLE 82REST OF EUROPE: THERMOPLASTIC POLYOLEFINS MARKET SIZE,
BY APPLICATION, 2019–2026 (TON)113
TABLE 83REST OF EUROPE: THERMOPLASTIC POLYOLEFINS MARKET SIZE,
BY APPLICATION, 2019–2026 (USD MILLION)114
8.5MIDDLE EAST & AFRICA114
TABLE 84MIDDLE EAST & AFRICA: THERMOPLASTIC POLYOLEFINS MARKET SIZE,
BY COUNTRY, 2019–2026 (TON)114
TABLE 85MIDDLE EAST & AFRICA: THERMOPLASTIC POLYOLEFINS MARKET SIZE,
BY COUNTRY, 2019–2026 (USD MILLION)115
TABLE 86MIDDLE EAST & AFRICA: THERMOPLASTIC POLYOLEFINS MARKET SIZE,
BY APPLICATION, 2019–2026 (TON)115
TABLE 87MIDDLE EAST & AFRICA: THERMOPLASTIC POLYOLEFINS MARKET SIZE,
BY APPLICATION, 2019–2026 (USD MILLION)115
TABLE 88MIDDLE EAST & AFRICA: THERMOPLASTIC POLYOLEFINS MARKET SIZE,
BY TYPE, 2019–2026 (TON)116
TABLE 89MIDDLE EAST & AFRICA: THERMOPLASTIC POLYOLEFINS MARKET SIZE,
BY TYPE, 2019–2026 (USD MILLION)116
8.5.1GCC COUNTRIES116
8.5.1.1Investment in automotive and construction industries to fuel
the market116
TABLE 90GCC COUNTRIES: THERMOPLASTIC POLYOLEFINS MARKET SIZE,
BY APPLICATION, 2019–2026 (TON)117
TABLE 91GCC COUNTRIES: THERMOPLASTIC POLYOLEFINS MARKET SIZE,
BY APPLICATION, 2019–2026 (USD MILLION)117
8.5.2SOUTH AFRICA118
8.5.2.1Steady recovery of several end-use industries from the impact of COVID-19 to support market growth118
TABLE 92SOUTH AFRICA: THERMOPLASTIC POLYOLEFINS MARKET SIZE,
BY APPLICATION, 2019–2026 (TON)118
TABLE 93SOUTH AFRICA: THERMOPLASTIC POLYOLEFINS MARKET SIZE,
BY APPLICATION, 2019–2026 (USD MILLION)119
8.5.3REST OF MIDDLE EAST & AFRICA119
TABLE 94REST OF MIDDLE EAST & AFRICA: THERMOPLASTIC POLYOLEFINS MARKET SIZE, BY APPLICATION, 2019–2026 (TON)119
TABLE 95REST OF MIDDLE EAST & AFRICA: THERMOPLASTIC POLYOLEFINS MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)119
8.6SOUTH AMERICA120
TABLE 96SOUTH AMERICA: THERMOPLASTIC POLYOLEFINS MARKET SIZE,
BY COUNTRY, 2019–2026 (TON)120
TABLE 97SOUTH AMERICA: THERMOPLASTIC POLYOLEFINS MARKET SIZE,
BY COUNTRY, 2019–2026 (USD MILLION)120
TABLE 98SOUTH AMERICA: THERMOPLASTIC POLYOLEFINS MARKET SIZE,
BY APPLICATION, 2019–2026 (TON)121
TABLE 99SOUTH AMERICA: THERMOPLASTIC POLYOLEFINS MARKET SIZE,
BY APPLICATION, 2019–2026 (USD MILLION)121
TABLE 100SOUTH AMERICA: THERMOPLASTIC POLYOLEFINS MARKET SIZE, BY TYPE, 2019–2026 (TON)121
TABLE 101SOUTH AMERICA: THERMOPLASTIC POLYOLEFINS MARKET SIZE, BY TYPE, 2019–2026 (USD MILLION)122
8.6.1BRAZIL122
8.6.1.1Rising demand from the automotive sector to support market growth122
TABLE 102BRAZIL: AUTOMOTIVE INDUSTRY OVERVIEW, 2020122
FIGURE 37BRAZIL TOTAL VEHICLE PRODUCTION, 2018–2021 (UNITS)123
TABLE 103BRAZIL: THERMOPLASTIC POLYOLEFINS MARKET SIZE, BY APPLICATION, 2019–2026 (TON)123
TABLE 104BRAZIL: THERMOPLASTIC POLYOLEFINS MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)124
8.6.2ARGENTINA124
8.6.2.1Sluggish growth of the manufacturing sector will have a negative impact on the market growth124
TABLE 105ARGENTINA: THERMOPLASTIC POLYOLEFINS MARKET SIZE, BY APPLICATION, 2019–2026 (TON)125
TABLE 106ARGENTINA: THERMOPLASTIC POLYOLEFINS MARKET SIZE, BY APPLICATION, 2019–2026 (USD MILLION)125
8.6.3REST OF SOUTH AMERICA125
TABLE 107REST OF SOUTH AMERICA: THERMOPLASTIC POLYOLEFINS MARKET SIZE,
BY APPLICATION, 2019–2026 (TON)126
TABLE 108REST OF SOUTH AMERICA: THERMOPLASTIC POLYOLEFINS MARKET SIZE,
BY APPLICATION, 2019–2026 (USD MILLION)126
9COMPETITIVE LANDSCAPE127
9.1OVERVIEW127
FIGURE 38COMPANIES ADOPTED MERGER & ACQUISITION AS THE KEY GROWTH STRATEGY BETWEEN 2018 AND 2021127
9.2MARKET SHARE ANALYSIS128
FIGURE 39MARKET SHARE OF KEY PLAYERS, 2020128
TABLE 109THERMOPLASTIC POLYOLEFINS MARKET: DEGREE OF COMPETITION128
TABLE 110STRATEGIC POSITIONING OF KEY PLAYERS129
9.3COMPANY EVALUATION MATRIX DEFINITION AND TECHNOLOGY130
9.3.1STAR130
9.3.2PERVASIVE130
9.3.3PRODUCT FOOTPRINT130
9.3.4EMERGING LEADER130
FIGURE 40THERMOPLASTIC POLYOLEFINS MARKET: COMPANY EVALUATION MATRIX, 2020131
9.4STARTUPS AND SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION MATRIX132
9.4.1RESPONSIVE COMPANIES132
9.4.2DYNAMIC COMPANIES132
9.4.3STARTING BLOCKS132
FIGURE 41START-UPS AND SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION MATRIX, 2020133
9.5COMPETITIVE BENCHMARKING134
9.5.1COMPANY APPLICATION FOOTPRINT134
9.5.2BUSINESS STRATEGY EXCELLENCE135
9.6REVENUE ANALYSIS OF TOP 5 MARKET PLAYERS136
FIGURE 42TOP 5 PLAYERS DOMINATED THE MARKET IN THE LAST 3 YEARS136
9.7RANKING ANALYSIS OF KEY MARKET PLAYERS, 2020137
9.8KEY MARKET DEVELOPMENTS137
9.8.1EXPANSIONS137
9.8.2ACQUISITIONS138
9.8.3NEW PRODUCT LAUNCHES139

10COMPANY PROFILES140
10.1MAJOR PLAYERS140
(Business Overview, Products/Services/Solutions Offered, MnM View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats, Recent Developments)*
10.1.1DOW INC.140
TABLE 111DOW INC.: COMPANY OVERVIEW140
FIGURE 43DOW INC.: COMPANY SNAPSHOT141
FIGURE 44DOW’S CAPACITY IN THE THERMOPLASTIC POLYOLEFIN MARKET143
10.1.2MITSUI CHEMICALS, INC.144
TABLE 112MITSUI CHEMICALS, INC.: COMPANY OVERVIEW144
FIGURE 45MITSUI CHEMICALS, INC.: COMPANY SNAPSHOT145
FIGURE 46MITSUI’S CAPACITY IN THE THERMOPLASTIC POLYOLEFINS MARKET147
10.1.3EXXON MOBIL CORPORATION148
TABLE 113EXXON MOBIL CORPORATION: COMPANY OVERVIEW148
FIGURE 47EXXON MOBIL CORPORATION: COMPANY SNAPSHOT149
FIGURE 48EXXONMOBIL’S CAPACITY IN THE THERMOPLASTIC POLYOLEFINS MARKET151
10.1.4SABIC152
TABLE 114SABIC: COMPANY OVERVIEW152
FIGURE 49SABIC: COMPANY SNAPSHOT153
FIGURE 50SABIC’S CAPABILITIES IN THE THERMOPLASTIC POLYOLEFINS MARKET155
10.1.5SUMITOMO CHEMICAL CO., LTD.156
TABLE 115SUMITOMO CHEMICALS CO., LTD: COMPANY OVERVIEW156
FIGURE 51SUMITOMO CHEMICALS CO., LTD: COMPANY SNAPSHOT156
FIGURE 52SUMITOMO’S CAPACITY IN THERMOPLASTIC POLYOLEFIN MARKET158
10.1.6LYONDELLBASELL INDUSTRIES N.V.159
TABLE 116LYONDELLBASELL INDUSTRIES N.V.: COMPANY OVERVIEW159
FIGURE 53LYONDELLBASELL INDUSTRIES: COMPANY SNAPSHOT159
FIGURE 54LYONDELLBASELL’S CAPACITY IN THE THERMOPLASTIC POLYOLEFINS MARKET161
10.1.7INEOS GROUP HOLDINGS S.A.162
TABLE 117INEOS GROUP HOLDINGS S.A.: COMPANY OVERVIEW162
FIGURE 55INEOS GROUP HOLDINGS S.A.: COMPANY SNAPSHOT162
FIGURE 56INEOS’ CAPABILITY IN THE THERMOPLASTIC POLYOLEFINS MARKET164
10.1.8BOREALIS AG166
TABLE 118BOREALIS AG: COMPANY OVERVIEW166
FIGURE 57BOREALIS AG: COMPANY SNAPSHOT167
FIGURE 58BOREALIS’ CAPACITY IN THE THERMOPLASTIC POLYOLEFINS MARKET169
10.1.9FORMOSA PLASTICS CORPORATION170
TABLE 119FORMOSA PLASTICS CORPORATION: COMPANY OVERVIEW170
10.1.10RTP COMPANY171
TABLE 120RTP COMPANY: COMPANY OVERVIEW171
10.1.11POLYONE CORPORATION172
TABLE 121POLYONE CORPORATION: COMPANY OVERVIEW172
10.1.12THE MITSUBISHI CHEMICAL HOLDING GROUP.173
TABLE 122THE MITSUBISHI CHEMICAL HOLDING GROUP: COMPANY OVERVIEW173
FIGURE 59THE MITSUBISHI CHEMICAL HOLDING GROUP: COMPANY SNAPSHOT173
10.1.13ELASTRON175
TABLE 123ELASTRON: COMPANY OVERVIEW175
10.1.14GAF176
TABLE 124GAF: COMPANY OVERVIEW176
10.1.15TEKNOR APEX COMPANY177
TABLE 125TEKNOR APEX COMPANY: COMPANY OVERVIEW177
10.1.16RAIGH REFINING AND PETROCHEMICAL COMPANY178
TABLE 126RAIGH REFINING AND PETROCHEMICAL COMPANY: COMPANY OVERVIEW178
10.1.17NOBLE POLYMERS179
TABLE 127NOBLE POLYMERS: COMPANY OVERVIEW179
10.1.18HEXPOL AB180
TABLE 128HEXPOL AB: COMPANY OVERVIEW180
10.1.19WASHINGTON PENN181
TABLE 129WASHINGTON PENN: COMPANY OVERVIEW181
10.1.20ALPHAGARY LIMITED182
TABLE 130ALPHAGARY LIMITED: COMPANY OVERVIEW182
10.1.21SAUDI ARAMCO183
*Business Overview, Products/Services/Solutions Offered, MnM View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats, Recent Developments might not be captured in case of unlisted companies.
11APPENDIX184
11.1DISCUSSION GUIDE184
11.2KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL186
11.3AVAILABLE CUSTOMIZATIONS188
11.4RELATED REPORTS188
11.5AUTHOR DETAILS189

Report Title: 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 2026


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