Thermoplastic Polyolefin Market

Thermoplastic Polyolefin Market by Type (In Situ TPO, Compounded TPO, POEs), Application (Automotive, Building & Construction, Medical, Wire and Cables), Region (North America, Europe, APAC, MEA, South America) - Global forecast to 2028

Report Code: CH 8030 Oct, 2023, by marketsandmarkets.com

The Thermoplastic polyolefin Market is projected to reach USD 7.3 billion by 2028, at a CAGR of 6.0% from USD  5.4 billion in 2023. The market is mainly led by the significant usage of Thermoplastic polyolefin in various end-use industries. The growing demand from the automotive, construction, rising demand for industrial sector, is driving the market for thermoplastic polyolefin market.

Thermoplastic Polyolefin (TPO) Market

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Attractive Opportunities in the Thermoplastic Polyolefin Market

Thermoplastic Polyolefin (TPO) Market

Market Dynamics

Driver: Increasing demand for lightweight and durable materials in the automotive and construction industry.

The use of thermoplastic polyolefin (TPO) in various industries such as automotive, aerospace, and transportation is driven by its exceptional lightweight characteristics, which bring about several advantages. In the automotive sector, for instance, reducing the weight of vehicles is of paramount importance to meet stringent fuel efficiency standards and reduce carbon emissions. TPO's lightweight nature allows automakers to replace heavier materials like metal in various automotive components, including bumpers, interior trim, and exterior body panels, without compromising safety or performance. As a result, vehicles become lighter and more aerodynamic, which translates to improved fuel economy. Lighter vehicles require less energy to operate, leading to reduced fuel consumption and lower greenhouse gas emissions, aligning with the global push for more environmentally friendly transportation solutions.

Restraint: Limited high temperature resistance

Thermoplastic polyolefin (TPO) materials exhibit certain limitations when it comes to high-temperature applications. This is primarily due to the inherent nature of TPO as a thermoplastic, which means that it softens and becomes pliable when exposed to elevated temperatures. Typically softening in the range of 160°C to 180°C (320°F to 356°F), TPO materials can lose their structural integrity and mechanical properties beyond this threshold. Consequently, TPO is not suitable for environments requiring resistance to extreme heat, such as engine components in the automotive industry or industrial processes with high-temperature conditions. In these cases, alternative materials with higher heat resistance, like polyamide (nylon) or polyphenylene sulfide (PPS), are preferred choices. While TPO offers numerous advantages, including cost-effectiveness and durability, careful consideration of its thermal limitations is essential for selecting the appropriate material for applications subject to high temperatures.

Opportunity: Utilization of automotive lightweight materials

As automotive manufacturers intensify their efforts to enhance fuel efficiency and decrease carbon emissions, the adoption of thermoplastic polyolefin (TPO) becomes increasingly attractive for lightweighting initiatives. TPO's lightweight characteristics offer several advantages in this context. First, by replacing heavier materials like metal in automotive components such as bumpers, interior trim, and exterior body panels, TPO helps reduce the overall weight of vehicles. This weight reduction translates into improved fuel economy, as vehicles require less energy to operate, thereby consuming less fuel and emitting fewer greenhouse gases. Additionally, lighter vehicles often exhibit better handling and agility, enhancing the overall driving experience. The pursuit of sustainability and regulatory compliance with stringent emission standards further reinforces the demand for TPO in the automotive industry, positioning it as a crucial solution in the drive towards more fuel-efficient and eco-friendly vehicles.

Challenge: UV stability factor.

While thermoplastic polyolefin (TPO) materials offer commendable weather resistance, their vulnerability to long-term exposure to ultraviolet (UV) radiation is a notable challenge. UV radiation from sunlight can lead to the degradation of TPOs over time, causing them to become more brittle and less durable. This degradation process may manifest as cracking, chalking, or surface roughness, ultimately compromising the material's structural integrity and long-term performance. Additionally, UV exposure can result in discoloration of TPOs, altering their appearance. To address this limitation, UV stabilizers or coatings are often incorporated into TPO formulations in applications where prolonged exposure to sunlight is expected. These additives help mitigate the effects of UV radiation, prolonging the life and appearance of TPO-based products and ensuring they maintain their structural and aesthetic integrity in outdoor environments.

Market Ecosystem

The market ecosystem for thermoplastic polyolefin is composed of a diverse array of entities and stakeholders that collectively contribute to the development, implementation, and advancement of thermoplastic polyolefin materials. At the core of this ecosystem are material providers who focus on research, development, and manufacturing of polyurethane catalysts and systems. They continuously innovate and produce novel materials and their applications to meet the evolving demands of the market.

DOW (US), Mitsui Chemical, Inc. (Japan), Exxon Mobil Corporation (Texas), SABIC (Saudi Arabia), Sumitomo Chemicals Co., Ltd. (Japan), LyondellBasell Industries N.V. (Texas), Ineos Group Holdings SA (Switzerland), Borealis AG (Austria), Formosa Plastic Corporation (Taiwan), RTP Company (US).

Thermoplastic Polyolefin: Ecosystem

Thermoplastic Polyolefin (TPO) Market Ecosystem

Source: Secondary Research, Interviews with Experts, and MarketsandMarkets Analysis

"Polyolefin elastomers (POEs) is the largest type thermoplastic polyolefin market in 2023, in terms of value."

Polyolefin elastomers (POEs) stand as the largest segment within the thermoplastic polyolefin (TPO) market, primarily due to their remarkable versatility and unique properties. POEs are prized for their exceptional elasticity and flexibility, which closely resemble rubber-like characteristics. This intrinsic elasticity makes POEs highly desirable in applications that necessitate materials capable of stretching and recovering their original shape, enduring repetitive stress, or accommodating dynamic movements. Furthermore, POEs offer outstanding impact resistance, a pivotal attribute for a wide array of applications, especially in the automotive industry where they are extensively employed in bumper fascia and various interior components. Their ability to absorb and dissipate energy upon impact not only enhances safety but also contributes to the overall durability and longevity of the end products. This combination of elasticity and impact resistance positions POEs as a leading choice in the TPO market, facilitating their extensive use across industries that require resilient and dependable materials.

“Automotive accounted for the largest material share of the thermoplastic polyolefin market in 2023” in terms of value.

Automotive manufacturers widely use thermoplastic polyolefin (TPO) for a multitude of reasons, making it a preferred material for various applications within vehicles. One of its primary advantages lies in its exceptional lightweight properties, significantly lighter than traditional materials like metal. This attribute is pivotal in the automotive industry's ongoing pursuit of improved fuel efficiency and reduced carbon emissions, as lighter vehicles consume less fuel and emit fewer greenhouse gases. Moreover, TPO's cost-effectiveness makes it an attractive choice for automakers, contributing to overall cost savings in vehicle production. Its durability, with resistance to UV radiation, moisture, and chemicals, makes TPO suitable for exterior components that must endure harsh environmental conditions. Additionally, TPO's design flexibility allows for the creation of intricate and aerodynamic automotive designs, promoting both aesthetics and performance. Furthermore, its impact resistance is crucial for components like bumpers, enhancing vehicle safety by absorbing and dissipating energy during collisions. In interior applications, TPO aids in noise reduction, contributing to a quieter and more comfortable driving experience. All these attributes collectively position TPO as a versatile and indispensable material in the automotive sector, playing a pivotal role in shaping the vehicles of today and tomorrow.

" Asia pacific is the largest market for thermoplastic polyolefin Market in 2023, in terms of value."

The Asia-Pacific region has emerged as the largest market for thermoplastic polyolefin (TPO) primarily due to a convergence of significant factors. Rapid expansion in the automotive sector, particularly in countries like China and India, has led to a substantial demand for TPO, which is extensively utilized in manufacturing automotive components for lightweight and improved fuel efficiency. Simultaneously, the region is experiencing a construction boom driven by urbanization, population growth, and economic development, making TPO a preferred choice for roofing membranes and waterproofing materials. Additionally, the Asia-Pacific region serves as a major manufacturing center for consumer goods like luggage, toys, and sports equipment, all of which benefit from TPO's cost-effectiveness and impact resistance. TPO's versatile properties, coupled with its cost competitiveness, have fueled its widespread adoption across industries, establishing Asia-Pacific as the leading market for TPO materials.

Thermoplastic Polyolefin (TPO) Market by Region

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Key Market Players

The key players in this DOW (US), Mitsui Chemical, Inc. (Japan), Exxon Mobil Corporation (Texas), SABIC (Saudi Arabia), Sumitomo Chemicals Co., Ltd. (Japan), LyondellBasell Industries N.V. (Texas), Ineos Group Holdings SA (Switzerland), Borealis AG (Austria), Formosa Plastic Corporation (Taiwan), RTP Company (US). Continuous developments in the market—including new product launches, mergers & acquisitions, agreements, and expansions—are expected to help the market grow. Leading manufacturers of thermoplastic polyolefin have opted for new product launches to sustain their market position.

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Scope of the Report

Report Metric

Details

Years considered for the study

2023-2028

Base Year

2022

Forecast period

2023–2028

Units considered

 Value (USD Billion/Million)

Segments

type, application and Region

Regions

Asia Pacific, North America, Europe, Middle East & Africa, and South America

Companies

DOW (US), Mitsui Chemical, Inc. (Japan), Exxon Mobil Corporation (Texas), SABIC (Saudi Arabia), Sumitomo Chemicals Co., Ltd. (Japan), LyondellBasell Industries N.V. (Texas), Ineos Group Holdings SA (Switzerland), Borealis AG (Austria), Formosa Plastic Corporation (Taiwan), RTP Company (US).

Segmentation

This report categorizes the global Thermoplastic polyolefin market based on IR Range, Material type, functions, end use industry and region.

On the basis of type the market has been segmented as follows:
  • In situ TPO
  • Compounded TPO
  • Polyolefin elastomers (POEs)
On the basis of application, the market has been segmented as follows:
On the basis of region, the market has been segmented as follows:
  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • South America

Recent Developments

  • In 2023, Dow and Avery Dennison co-developed an innovative and sustainable new hotmelt label adhesive solution.
  • ExxonMobil, a leading petrochemical company, acquired the global Vistalon EPDM (ethylene propylene diene monomer) rubber business from ExxonMobil Chemical Company. While not exclusively focused on TPO, this acquisition was part of ExxonMobil's broader strategy in the polymer industry.
  • DOW announced on December 2021 the launch of LUXSENSE a silicone synthetic leather, the worlds first high end silicone based synthetic leather material.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 31)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
    1.3 INCLUSIONS & EXCLUSIONS 
    1.4 MARKET SCOPE 
          FIGURE 1 THERMOPLASTIC POLYOLEFIN MARKET SEGMENTATION
           1.4.1 REGIONS COVERED
           1.4.2 YEARS CONSIDERED
    1.5 CURRENCY 
    1.6 LIMITATIONS 
    1.7 UNIT CONSIDERED 
    1.8 STAKEHOLDERS 
    1.9 SUMMARY OF CHANGES 
    1.10 RECESSION IMPACT 
 
2 RESEARCH METHODOLOGY (Page No. - 35)
    2.1 RESEARCH DATA 
          FIGURE 2 THERMOPLASTIC POLYOLEFIN MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
           2.1.2 PRIMARY DATA
                    2.1.2.1 Interviews with experts - top thermoplastic polyolefin manufacturers
                    2.1.2.2 Breakdown of interviews with experts
                    2.1.2.3 Key industry insights
    2.2 BASE NUMBER CALCULATION 
           2.2.1 APPROACH 1: SUPPLY-SIDE ANALYSIS
           2.2.2 APPROACH 2: DEMAND-SIDE APPROACH
    2.3 FORECAST NUMBER CALCULATION 
           2.3.1 SUPPLY SIDE
           2.3.2 DEMAND SIDE
    2.4 MARKET SIZE ESTIMATION 
           2.4.1 BOTTOM-UP APPROACH
           2.4.2 TOP-DOWN APPROACH
    2.5 DATA TRIANGULATION 
          FIGURE 3 THERMOPLASTIC POLYOLEFIN MARKET: DATA TRIANGULATION
    2.6 ASSUMPTIONS 
 
3 EXECUTIVE SUMMARY (Page No. - 43)
    FIGURE 4 IN-SITU THERMOPLASTIC POLYOLEFIN TO DOMINATE THERMOPLASTIC POLYOLEFIN MARKET BETWEEN 2023 AND 2028 (USD MILLION)
    FIGURE 5 AUTOMOTIVE APPLICATION TO HOLD MAJOR SHARE IN THERMOPLASTIC POLYOLEFIN MARKET BETWEEN 2023 AND 2028 (USD MILLION)
    FIGURE 6 ASIA PACIFIC TO ACCOUNT FOR LARGEST SHARE OF THERMOPLASTIC POLYOLEFIN MARKET IN 2023
 
4 PREMIUM INSIGHTS (Page No. - 48)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN THERMOPLASTIC POLYOLEFIN MARKET 
          FIGURE 7 INCREASING AWARENESS REGARDING SUSTAINABLE DEVELOPMENT TO DRIVE MARKET DURING FORECAST PERIOD
    4.2 THERMOPLASTIC POLYOLEFIN MARKET: REGIONAL ANALYSIS 
          FIGURE 8 ASIA PACIFIC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
    4.3 THERMOPLASTIC POLYOLEFIN, BY PRODUCT TYPE 
          FIGURE 9 POES SEGMENT TO ACCOUNT FOR LARGEST SHARE BY 2028
    4.4 THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION 
          FIGURE 10 AUTOMOTIVE SEGMENT ACCOUNTED FOR LARGEST SHARE IN 2028
    4.5 ASIA PACIFIC THERMOPLASTIC POLYOLEFIN MARKET,  BY APPLICATION AND COUNTRY 
          FIGURE 11 CHINA TO ACCOUNT FOR SIGNIFICANT SHARE IN 2023
 
5 MARKET OVERVIEW (Page No. - 51)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
          FIGURE 12 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN THERMOPLASTIC POLYOLEFIN MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Increasing usage of thermoplastic polyolefins in exterior and interior parts of automobiles
                    5.2.1.2 Steady growth in building & construction industry
                    5.2.1.3 Increasing usage of thermoplastic polyolefin waterproofing membrane in repair and maintenance activities
           5.2.2 RESTRAINTS
                    5.2.2.1 Raw material price volatility
                    5.2.2.2 Limited temperature applications of thermoplastic polyolefin
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Intra replacement of other thermoplastic polymers with thermoplastic polyolefins
                    5.2.3.2 Growing penetration of EVs worldwide
                    5.2.3.3 Rising demand from emerging applications
                    5.2.3.4 Increasing demand from the packaging industry
           5.2.4 CHALLENGES
                    5.2.4.1 Growing trend of plastic recycling
    5.3 PORTER’S FIVE FORCES ANALYSIS 
          FIGURE 13 THERMOPLASTIC POLYOLEFIN: PORTER’S FIVE FORCES ANALYSIS
           5.3.1 BARGAINING POWER OF SUPPLIERS
           5.3.2 THREAT OF NEW ENTRANTS
           5.3.3 THREAT OF SUBSTITUTES
           5.3.4 BARGAINING POWER OF BUYERS
           5.3.5 INTENSITY OF COMPETITIVE RIVALRY
 
6 INDUSTRY TRENDS (Page No. - 59)
    6.1 RECESSION IMPACT 
    6.2 VALUE CHAIN ANALYSIS 
          FIGURE 14 VALUE CHAIN FOR THERMOPLASTIC POLYOLEFIN MARKET
           6.2.1 RAW MATERIAL SUPPLIERS
           6.2.2 THERMOPLASTIC POLYOLEFIN MANUFACTURERS
           6.2.3 DISTRIBUTORS
           6.2.4 END USER
    6.3 MACROECONOMIC INDICATORS 
           6.3.1 GDP TRENDS AND FORECASTS OF MAJOR ECONOMIES
                    TABLE 1 GDP TRENDS AND FORECASTS, BY KEY COUNTRIES, 2019–2027 (USD MILLION)
    6.4 THERMOPLASTIC POLYOLEFIN MARKET REGULATIONS 
           6.4.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 2 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 3 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,  AND OTHER ORGANIZATIONS
                    TABLE 4 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,  AND OTHER ORGANIZATIONS
    6.5 TRADE ANALYSIS 
           6.5.1 EXPORT SCENARIO
                    FIGURE 15 EXPORT SCENARIO FOR HS CODE 3902300 BY KEY COUNTRIES, (2019 - 2022)
                    FIGURE 16 EXPORT SCENARIO FOR HS CODE 3902300 BY KEY COUNTRIES, (2019 - 2022)
           6.5.2 IMPORT SCENARIO
                    FIGURE 17 IMPORT SCENARIO FOR HS CODE 3902300, BY KEY COUNTRIES, (2019 - 2022)
                    FIGURE 18 IMPORT SCENARIO FOR HS CODE 390190, BY KEY COUNTRIES, (2019–2022)
    6.6 PATENT ANALYSIS 
           6.6.1 INTRODUCTION
           6.6.2 METHODOLOGY
                    6.6.2.1 Document type
                                TABLE 5 GRANTED PATENTS ACCOUNTED FOR 37% OF TOTAL COUNT IN LAST 10 YEARS
                    6.6.2.2 Publication trends over last ten years
           6.6.3 INSIGHTS
           6.6.4 LEGAL STATUS OF PATENTS
           6.6.5 JURISDICTION ANALYSIS
                    FIGURE 19 TOP JURISDICTION-BY DOCUMENT
           6.6.6 TOP COMPANIES/APPLICANTS
    6.7 TRENDS/DISRUPTIONS IMPACTING BUSINESSES 
           6.7.1 REVENUE SHIFTS & NEW REVENUE POCKETS FOR THERMOPLASTIC POLYOLEFIN MARKET
                    FIGURE 20 REVENUE SHIFT OF THERMOPLASTIC POLYOLEFIN PROVIDERS
    6.8 ECOSYSTEM 
          TABLE 6 GDP TRENDS AND FORECASTS, BY KEY COUNTRIES, 2019–2027
          FIGURE 21 THERMOPLASTIC POLYOLEFIN MARKET: ECOSYSTEM
    6.9 TECHNOLOGY ANALYSIS 
           6.9.1 EXTRUSION
           6.9.2 INJECTION MOLDING
                    TABLE 7 ADVANTAGES OF CATALYST DEVELOPMENT FOR THERMOPLASTIC POLYOLEFINS
    6.1 KEY STAKEHOLDERS AND BUYING CRITERIA 
           6.10.1 KEY STAKEHOLDERS IN BUYING PROCESS
                     FIGURE 22 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP 5 APPLICATIONS
                     TABLE 8 INFLUENCE OF INSTITUTIONAL BUYERS IN BUYING PROCESS FOR TOP 5 APPLICATIONS
           6.10.2 BUYING CRITERIA
                     FIGURE 23 KEY BUYING CRITERIA FOR END-USER INDUSTRIES
                     TABLE 9 KEY BUYING CRITERIA FOR END-USER INDUSTRIES
    6.11 AVERAGE PRICE ANALYSIS 
           FIGURE 24 WEIGHTED AVERAGE PRICING ANALYSIS (USD/TON) OF THERMOPLASTIC POLYOLEFIN, BY REGION, 2020
    6.12 CASE STUDY 
 
7 THERMOPLASTIC POLYOLEFIN MARKET, BY TYPE (Page No. - 77)
    7.1 INTRODUCTION 
          FIGURE 25 POES WAS LARGEST SEGMENT OF THERMOPLASTIC POLYOLEFINS  MARKET IN 2022
          TABLE 10 THERMOPLASTIC POLYOLEFIN MARKET, BY TYPE, 2019–2022 (TON)
          TABLE 11 THERMOPLASTIC POLYOLEFIN MARKET, BY TYPE, 2023–2028 (TON)
          TABLE 12 THERMOPLASTIC POLYOLEFIN MARKET, BY TYPE, 2019–2026 (USD MILLION)
          TABLE 13 THERMOPLASTIC POLYOLEFIN MARKET, BY TYPE, 2023–2028 (USD MILLION)
    7.2 IN-SITU THERMOPLASTIC POLYOLEFIN 
           7.2.1 INCREASING APPLICATION IN AUTOMOTIVE AND CONSTRUCTION INDUSTRIES TO DRIVE DEMAND
    7.3 COMPOUNDED THERMOPLASTIC POLYOLEFIN 
           7.3.1 PHYSICOCHEMICAL CHARACTERISTICS TO DRIVE DEMAND IN AUTOMOTIVE INDUSTRY
    7.4 POLYOLEFIN ELASTOMERS (POES) 
           7.4.1 INCREASING USAGE AS ALTERNATIVE TO RUBBER TO SUPPORT MARKET GROWTH
 
8 THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION (Page No. - 82)
    8.1 INTRODUCTION 
          FIGURE 26 AUTOMOTIVE APPLICATION WAS LARGEST SEGMENT OF THERMOPLASTIC POLYOLEFIN MARKET IN 2022
          TABLE 14 THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
          TABLE 15 THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
          TABLE 16 THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION, 2019–2022 (TON)
          TABLE 17 THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION, 2023–2028 (TON)
          FIGURE 27 THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION,  2019–2026 (USD MILLION)
    8.2 AUTOMOTIVE 
           8.2.1 INCREASING PENETRATION OF EVS TO DRIVE MARKET
    8.3 BUILDING & CONSTRUCTION 
           8.3.1 WATERPROOFING THERMOPLASTIC POLYOLEFIN MEMBRANES TO SUPPORT MARKET GROWTH
    8.4 WIRE & CABLE 
           8.4.1 GROWING DEMAND FOR WIRES & CABLES THERMOPLASTIC POLYOLEFIN TO DRIVE MARKET
    8.5 MEDICAL 
           8.5.1 COMPLIANCE WITH MEDICAL & HEALTHCARE STANDARDS TO DRIVE MARKET
    8.6 OTHERS 
 
9 THERMOPLASTIC POLYOLEFIN MARKET, BY REGION (Page No. - 89)
    9.1 INTRODUCTION 
          FIGURE 28 ASIA PACIFIC TO BE FASTEST-GROWING MARKET DURING FORECAST PERIOD
          TABLE 18 THERMOPLASTIC POLYOLEFIN MARKET, BY REGION, 2019-2022 (TON)
          TABLE 19 THERMOPLASTIC POLYOLEFIN MARKET, BY REGION, 2023–2028 (TON)
          TABLE 20 THERMOPLASTIC POLYOLEFIN MARKET, BY REGION, 2019–2022 (USD MILLION)
          TABLE 21 THERMOPLASTIC POLYOLEFIN MARKET, BY REGION, 2023–2028 (USD MILLION)
          TABLE 22 THERMOPLASTIC POLYOLEFIN MARKET, BY TYPE, 2019-2022 (TON)
          TABLE 23 THERMOPLASTIC POLYOLEFIN MARKET, BY TYPE, 2023–2028 (TON)
          TABLE 24 THERMOPLASTIC POLYOLEFIN MARKET, BY TYPE, 2019-2022 (USD MILLION)
          TABLE 25 THERMOPLASTIC POLYOLEFIN MARKET, BY TYPE, 2023–2028 (USD MILLION)
          TABLE 26 THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
          TABLE 27 THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
          TABLE 28 THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION, 2019–2022 (TON)
          TABLE 29 THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION, 2023–2028 (TON)
    9.2 ASIA PACIFIC 
    9.3 RECESSION IMPACT 
          FIGURE 29 ASIA PACIFIC: THERMOPLASTIC POLYOLEFIN MARKET SNAPSHOT
          TABLE 30 ASIA PACIFIC: THERMOPLASTIC POLYOLEFIN MARKET, BY COUNTRY, 2019–2022 (TON)
          TABLE 31 ASIA PACIFIC: THERMOPLASTIC POLYOLEFIN MARKET, BY COUNTRY, 2023–2028 (TON)
          TABLE 32 ASIA PACIFIC: THERMOPLASTIC POLYOLEFIN MARKET, BY COUNTRY, 2019–2026 (USD MILLION)
          TABLE 33 ASIA PACIFIC: THERMOPLASTIC POLYOLEFIN MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
          TABLE 34 ASIA PACIFIC: THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION, 2019–2022 (TON)
          TABLE 35 ASIA PACIFIC: THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION, 2023–2028 (TON)
          TABLE 36 ASIA PACIFIC: THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION,  2019–2022 (USD MILLION)
          TABLE 37 ASIA PACIFIC: THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION,  2023–2028 (USD MILLION)
          TABLE 38 ASIA PACIFIC: THERMOPLASTIC POLYOLEFIN MARKET, BY TYPE, 2019–2022 (TON)
          TABLE 39 ASIA PACIFIC: THERMOPLASTIC POLYOLEFIN MARKET, BY TYPE, 2023–2028 (TON)
          TABLE 40 ASIA PACIFIC: THERMOPLASTIC POLYOLEFIN MARKET, BY TYPE,  2019–2022 (USD MILLION)
          TABLE 41 ASIA PACIFIC: THERMOPLASTIC POLYOLEFIN MARKET, BY TYPE, 2023–2028 (USD MILLION)
           9.3.1 CHINA
                    9.3.1.1 Growing automotive and building & construction sectors and upcoming government policies to drive growth
                                TABLE 42 CHINA: THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION,2019–2022 (TON)
                                TABLE 43 CHINA: THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION,2023–2028 (TON)
                                TABLE 44 CHINA: THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION,  2019–2022 (USD MILLION)
                                TABLE 45 CHINA: THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION,  2023–2028 (USD MILLION)
           9.3.2 INDIA
                    9.3.2.1 Increasing FDI investment in industrial sector to drive market
                                TABLE 46 INDIA: THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION,2019–2022 (TON)
                                TABLE 47 INDIA: THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION,2023–2028 (TON)
                                TABLE 48 INDIA: THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION,  2019–2026 (USD MILLION)
                                TABLE 49 INDIA: THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION,  2023–2028 (USD MILLION)
           9.3.3 JAPAN
                    9.3.3.1 High usage rate of thermoplastic polyolefin in automotive industry to drive growth
                                TABLE 50 JAPAN: THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION,2019–2022 (TON)
                                TABLE 51 JAPAN: THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION,2023–2028 (TON)
                                TABLE 52 JAPAN: THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION,  2019–2022 (USD MILLION)
                                TABLE 53 JAPAN: THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION,  2023–2028 (USD MILLION)
           9.3.4 SOUTH KOREA
                    9.3.4.1 Building & construction sector to drive market
                                TABLE 54 SOUTH KOREA: THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION, 2019–2022 (TON)
                                TABLE 55 SOUTH KOREA: THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION, 2023–2028 (TON)
                                TABLE 56 SOUTH KOREA: THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION,  2019–2026 (USD MILLION)
                                TABLE 57 SOUTH KOREA: THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION,  2023–2028 (USD MILLION)
           9.3.5 REST OF ASIA PACIFIC
                    TABLE 58 REST OF ASIA PACIFIC: THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION, 2019–2022 (TON)
                    TABLE 59 REST OF ASIA PACIFIC: THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION, 2023–2028 (TON)
                    TABLE 60 REST OF ASIA PACIFIC: THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION,  2019–2026 (USD MILLION)
                    TABLE 61 REST OF ASIA PACIFIC: THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION,  2023–2028 (USD MILLION)
    9.4 NORTH AMERICA 
    9.5 RECESSION IMPACT 
          FIGURE 30 NORTH AMERICA: THERMOPLASTIC POLYOLEFIN MARKET SNAPSHOT
          TABLE 62 NORTH AMERICA: THERMOPLASTIC POLYOLEFIN MARKET, BY COUNTRY,  2019–2022 (TON)
          TABLE 63 NORTH AMERICA: THERMOPLASTIC POLYOLEFIN MARKET, BY COUNTRY,  2023–2028 (TON)
          TABLE 64 NORTH AMERICA: THERMOPLASTIC POLYOLEFIN MARKET, BY COUNTRY, 2019–2026 (USD MILLION)
          TABLE 65 NORTH AMERICA: THERMOPLASTIC POLYOLEFIN MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
          TABLE 66 NORTH AMERICA: THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION, 2019–2022 (TON)
          TABLE 67 NORTH AMERICA: THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION, 2023–2028 (TON)
          TABLE 68 NORTH AMERICA: THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION,  2019–2022 (USD MILLION)
          TABLE 69 NORTH AMERICA: THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION,  2023–2028 (USD MILLION)
          TABLE 70 NORTH AMERICA: THERMOPLASTIC POLYOLEFIN MARKET, BY TYPE, 2019–2022 (TON)
          TABLE 71 NORTH AMERICA: THERMOPLASTIC POLYOLEFIN MARKET, BY TYPE, 2023–2028 (TON)
          TABLE 72 NORTH AMERICA: THERMOPLASTIC POLYOLEFIN MARKET, BY TYPE,  2019–2022 (USD MILLION)
          TABLE 73 NORTH AMERICA: THERMOPLASTIC POLYOLEFIN MARKET, BY TYPE, 2023–2028 (USD MILLION)
           9.5.1 US
                    9.5.1.1 Increasing usage thermoplastic polyolefin in vehicles due to low weight to drive market
                                TABLE 74 US: THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION,2019–2022 (USD MILLION)
                                TABLE 75 US: THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION,2023–2028 (USD MILLION)
                                TABLE 76 US: THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION, 2019–2022 (TON)
                                TABLE 77 US: THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION, 2023–2028 (TON)
           9.5.2 CANADA
                    9.5.2.1 Increasing vehicle production to drive demand
                                TABLE 78 CANADA: THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                                TABLE 79 CANADA: THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                                TABLE 80 CANADA: THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION, 2019–2022 (TON)
                                TABLE 81 CANADA: THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION, 2023–2028 (TON)
           9.5.3 MEXICO
                    9.5.3.1 Rise in automobile production to surge demand
                                TABLE 82aMEXICO: THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                                TABLE 83 MEXICO: THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                                TABLE 84 MEXICO: THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION, 2019–2022 (TON)
                                TABLE 85 MEXICO: THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION, 2023–2028 (TON)
    9.6 EUROPE 
    9.7 RECESSION IMPACT 
          FIGURE 31 EUROPE: THERMOPLASTIC POLYOLEFIN MARKET SNAPSHOT
          TABLE 86 EUROPE: THERMOPLASTIC POLYOLEFIN MARKET, BY COUNTRY,  2019–2022 (USD MILLION)
          TABLE 87 EUROPE: THERMOPLASTIC POLYOLEFIN MARKET, BY COUNTRY,  2023–2028 (USD MILLION)
          TABLE 88 EUROPE: THERMOPLASTIC POLYOLEFIN MARKET, BY COUNTRY,2019–2026 (TON)
          TABLE 89 EUROPE: THERMOPLASTIC POLYOLEFIN MARKET, BY COUNTRY,2023–2028 (TON)
          TABLE 90 EUROPE: THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION,2019–2022 (TON)
          TABLE 91 EUROPE: THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION,2023–2028 (TON)
          TABLE 92 EUROPE: THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION,  2019–2022 (USD MILLION)
          TABLE 93 EUROPE: THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION,  2023–2028 (USD MILLION)
          TABLE 94 EUROPE: THERMOPLASTIC POLYOLEFIN MARKET, BY TYPE, 2019–2022 (TON)
          TABLE 95 EUROPE: THERMOPLASTIC POLYOLEFIN MARKET, BY TYPE, 2023–2028 (TON)
          TABLE 96 EUROPE: THERMOPLASTIC POLYOLEFIN MARKET, BY TYPE, 2019–2022 (USD MILLION)
          TABLE 97 EUROPE: THERMOPLASTIC POLYOLEFIN MARKET, BY TYPE,2023–2028 (USD MILLION)
           9.7.1 GERMANY
                    9.7.1.1 Government support for boosting automotive industry to drive market
                                TABLE 98 GERMANY: THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                                TABLE 99 GERMANY: THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                                TABLE 100 GERMANY: THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION, 2019–2022 (TON)
                                TABLE 101 GERMANY: THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION, 2023–2028 (TON)
           9.7.2 UK
                    9.7.2.1 Increase in automobile registrations and construction industry output to drive market
                                TABLE 102 UK: THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION,2019–2022 (USD MILLION)
                                TABLE 103 UK: THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION,2023–2028 (USD MILLION)
                                TABLE 104 UK: THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION, 2019–2022 (TON)
                                TABLE 105 UK: THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION, 2023–2028 (TON)
           9.7.3 FRANCE
                    9.7.3.1 Rising automobile production and output from construction industry to drive market
                                TABLE 106 FRANCE: THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                                TABLE 107 FRANCE: THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION,  2023–2028 (USD MILLION)
                                TABLE 108 FRANCE: THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION, 2019–2022 (TON)
                                TABLE 109 FRANCE: THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION, 2023–2028 (TON)
           9.7.4 SPAIN
                    9.7.4.1 Rise in automobile production to drive demand
                                TABLE 110 SPAIN: THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                                TABLE 111 SPAIN: THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                                TABLE 112 SPAIN: THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION, 2019–2022 (TON)
                                TABLE 113 SPAIN: THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION, 2023–2028 (TON)
           9.7.5 ITALY
                    9.7.5.1 Growth of automotive sector to drive market
                                TABLE 114 ITALY: THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION,  2019–2022 (USD MILLION)
                                TABLE 115 ITALY: THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                                TABLE 116 ITALY: THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION, 2019–2022 (TON)
                                TABLE 117 ITALY: THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION, 2023–2028 (TON)
           9.7.6 REST OF EUROPE
                    TABLE 118 REST OF EUROPE: THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                    TABLE 119 REST OF EUROPE: THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                    TABLE 120 REST OF EUROPE: THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION,  2019–2022 (TON)
                    TABLE 121 REST OF EUROPE: THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION,  2023–2028 (TON)
    9.8 MIDDLE EAST & AFRICA 
    9.9 RECESSION IMPACT 
          FIGURE 32 MIDDLE EAST AND AFRICA: THERMOPLASTIC POLYOLEFIN MARKET SNAPSHOT
          TABLE 122 MIDDLE EAST AND AFRICA: THERMOPLASTIC POLYOLEFIN MARKET, BY COUNTRY,  2019–2022 (TON)
          TABLE 123 MIDDLE EAST AND AFRICA: THERMOPLASTIC POLYOLEFIN MARKET, BY COUNTRY,  2023–2028 (TON)
          TABLE 124 MIDDLE EAST AND AFRICA: THERMOPLASTIC POLYOLEFIN MARKET, BY COUNTRY,2019–2026 (USD MILLION)
          TABLE 125 MIDDLE EAST AND AFRICA: THERMOPLASTIC POLYOLEFIN MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
          TABLE 126 MIDDLE EAST AND AFRICA: THERMOPLASTIC POLYOLEFIN MARKET,  BY APPLICATION,2019–2022 (TON)
          TABLE 127 MIDDLE EAST AND AFRICA: THERMOPLASTIC POLYOLEFIN MARKET,  BY APPLICATION,2023–2028 (TON)
          TABLE 128 MIDDLE EAST AND AFRICA: THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
          TABLE 129 MIDDLE EAST AND AFRICA: THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
          TABLE 130 MIDDLE EAST AND AFRICA: THERMOPLASTIC POLYOLEFIN MARKET, BY TYPE,  2019–2022 (TON)
          TABLE 131 MIDDLE EAST AND AFRICA: THERMOPLASTIC POLYOLEFIN MARKET, BY TYPE,  2023–2028 (TON)
          TABLE 132 MIDDLE EAST AND AFRICA: THERMOPLASTIC POLYOLEFIN MARKET, BY TYPE,  2019–2022 (USD MILLION)
          TABLE 133 MIDDLE EAST AND AFRICA: THERMOPLASTIC POLYOLEFIN MARKET, BY TYPE, 2023–2028 (USD MILLION)
           9.9.1 SOUTH AFRICA
                    9.9.1.1 Steady recovery of several end-use industries from COVID-19 impact to drive market
                                TABLE 134 SOUTH AFRICA: THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION, 2019–2022 (TON)
                                TABLE 135 SOUTH AFRICA: THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION, 2023–2028 (TON)
                                TABLE 136 SOUTH AFRICA: THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION,  2019–2022 (USD MILLION)
                                TABLE 137 SOUTH AFRICA: THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION,  2023–2028 (USD MILLION)
           9.9.2 GCC COUNTRIES
                    9.9.2.1 Investment in automotive and construction industries to drive market
                                TABLE 138 GCC COUNTRIES: THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION, 2019–2022 (TON)
                                TABLE 139 GCC COUNTRIES: THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION, 2023–2028 (TON)
                                TABLE 140 GCC COUNTRIES: THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION,  2019–2022 (USD MILLION)
                                TABLE 141 GCC COUNTRIES: THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION,  2023–2028 (USD MILLION)
           9.9.3 REST OF MIDDLE EAST & AFRICA
                    TABLE 142 REST OF MIDDLE EAST & AFRICA: THERMOPLASTIC POLYOLEFIN MARKET,  BY APPLICATION,2019–2022 (TON)
                    TABLE 143 REST OF MIDDLE EAST & AFRICA: THERMOPLASTIC POLYOLEFIN MARKET,  BY APPLICATION,2023–2028 (TON)
                    TABLE 144 REST OF MIDDLE EAST & AFRICA: THERMOPLASTIC POLYOLEFIN MARKET,  BY APPLICATION, 2019–2022 (USD MILLION)
                    TABLE 145 REST OF MIDDLE EAST & AFRICA: THERMOPLASTIC POLYOLEFIN MARKET,  BY APPLICATION, 2023–2028 (USD MILLION)
    9.10 SOUTH AMERICA 
    9.11 RECESSION IMPACT 
           FIGURE 33 SOUTH AMERICA: THERMOPLASTIC POLYOLEFIN MARKET SNAPSHOT
           TABLE 146 SOUTH AMERICA: THERMOPLASTIC POLYOLEFIN MARKET, BY COUNTRY,  2019–2022 (TON)
           TABLE 147 SOUTH AMERICA: THERMOPLASTIC POLYOLEFIN MARKET, BY COUNTRY,  2023–2028 (TON)
           TABLE 148 SOUTH AMERICA: THERMOPLASTIC POLYOLEFIN MARKET, BY COUNTRY, 2019–2026 (USD MILLION)
           TABLE 149 SOUTH AMERICA: THERMOPLASTIC POLYOLEFIN MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
           TABLE 150 SOUTH AMERICA: THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION, 2019–2022 (TON)
           TABLE 151 SOUTH AMERICA: THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION, 2023–2028 (TON)
           TABLE 152 SOUTH AMERICA: THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION,  2019–2022 (USD MILLION)
           TABLE 153 SOUTH AMERICA: THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION,  2023–2028 (USD MILLION)
           TABLE 154 SOUTH AMERICA: THERMOPLASTIC POLYOLEFIN MARKET, BY TYPE, 2019–2022 (TON)
           TABLE 155 SOUTH AMERICA: THERMOPLASTIC POLYOLEFIN MARKET, BY TYPE, 2023–2028 (TON)
           TABLE 156 SOUTH AMERICA: THERMOPLASTIC POLYOLEFIN MARKET, BY TYPE,  2019–2022 (USD MILLION)
           TABLE 157 SOUTH AMERICA: THERMOPLASTIC POLYOLEFIN MARKET, BY TYPE, 2023–2028 (USD MILLION)
           9.11.1 BRAZIL
                    9.11.1.1 Rising demand from automotive sector to drive market
                                 TABLE 158 BRAZIL: THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION,2019–2022 (TON)
                                 TABLE 159 BRAZIL: THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION,2023–2028 (TON)
                                 TABLE 160 BRAZIL: THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION,  2019–2022 (USD MILLION)
                                 TABLE 161 BRAZIL: THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION,  2023–2028 (USD MILLION)
           9.11.2 ARGENTINA
                    9.11.2.1 Sluggish growth of manufacturing sector to drive market
                                 TABLE 162 ARGENTINA: THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION,2019–2022 (TON)
                                 TABLE 163 ARGENTINA: THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION,2023–2028 (TON)
                                 TABLE 164 ARGENTINA: THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION,  2019–2022 (USD MILLION)
                                 TABLE 165 ARGENTINA: THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION,  2023–2028 (USD MILLION)
           9.11.3 REST OF SOUTH AMERICA
                     TABLE 166 REST OF SOUTH AMERICA: THERMOPLASTIC POLYOLEFIN MARKET,  BY APPLICATION,2019–2022 (TON)
                     TABLE 167 REST OF SOUTH AMERICA: THERMOPLASTIC POLYOLEFIN MARKET,  BY APPLICATION,2023–2028 (TON)
                     TABLE 168 REST OF SOUTH AMERICA: THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                     TABLE 169 REST OF SOUTH AMERICA: THERMOPLASTIC POLYOLEFIN MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
 
10 COMPETITIVE LANDSCAPE (Page No. - 159)
     10.1 INTRODUCTION 
     10.2 STRATEGIES ADOPTED BY KEY PLAYERS 
             10.2.1 OVERVIEW OF STRATEGIES ADOPTED BY KEY THERMOPLASTIC POLYOLEFIN MANUFACTURERS
     10.3 MARKET SHARE ANALYSIS 
             10.3.1 RANKING OF KEY MARKET PLAYERS, 2022
                        FIGURE 34 RANKING OF TOP FIVE PLAYERS IN THERMOPLASTIC POLYOLEFIN MARKET, 2022
             10.3.2 MARKET SHARE OF KEY PLAYERS
                        TABLE 170 THERMOPLASTIC POLYOLEFIN: DEGREE OF COMPETITION
                        FIGURE 35 THERMOPLASTIC POLYOLEFIN MARKET IN 2022
                        10.3.2.1 SABIC
                        10.3.2.2 Sumitomo Chemical CO., LTD.
                        10.3.2.3 ExxonMobil Corporation
                        10.3.2.4 DOW
                        10.3.2.5 Mitsui Chemicals, Inc
     10.4 COMPANY PRODUCT FOOTPRINT ANALYSIS 
             TABLE 171 THERMOPLASTIC POLYOLEFIN MARKET: KEY COMPANY APPLICATION FOOTPRINT
             TABLE 172 THERMOPLASTIC POLYOLEFIN MARKET: KEY COMPANY TYPE FOOTPRINT
             TABLE 173 THERMOPLASTIC POLYOLEFIN MARKET: KEY COMPANY REGION FOOTPRINT
     10.5 COMPANY EVALUATION QUADRANT (TIER 1) 
             10.5.1 STARS
             10.5.2 EMERGING LEADERS
             10.5.3 PERVASIVE PLAYERS
             10.5.4 PARTICIPANTS
                        FIGURE 36 THERMOPLASTIC POLYOLEFIN MARKET COMPANY EVALUATION MATRIX,  2022 (TIER 1)
     10.6 COMPETITIVE BENCHMARKING 
             TABLE 174 THERMOPLASTIC POLYOLEFIN MARKET: DETAILED LIST OF KEY STARTUPS/SMES
             10.6.1 THERMOPLASTIC POLYOLEFIN MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
                        TABLE 175 SME PLAYERS APPLICATION FOOTPRINT
                        TABLE 176 SME PLAYERS TYPE FOOTPRINT
                        TABLE 177 THERMOPLASTIC POLYOLEFIN MARKET: SME PLAYERS REGION FOOTPRINT
     10.7 STARTUP/SME EVALUATION QUADRANT 
             10.7.1 RESPONSIVE COMPANIES
             10.7.2 STARTING BLOCKS
             10.7.3 PROGRESSIVE COMPANIES
             10.7.4 DYNAMIC COMPANIES
                        FIGURE 37 THERMOPLASTIC POLYOLEFIN MARKET START-UPS/SMES COMPANY EVALUATION MATRIX, 2022
     10.8 COMPETITIVE SCENARIOS AND TRENDS 
             10.8.1 PRODUCT LAUNCHES
                        TABLE 178 THERMOPLASTIC POLYOLEFIN MARKET: PRODUCT LAUNCHES (2019–2022)
             10.8.2 DEALS
                        TABLE 179 THERMOPLASTIC POLYOLEFIN MARKET: DEALS (2020–2023)
             10.8.3 OTHER DEVELOPMENTS
                        TABLE 180 THERMOPLASTIC POLYOLEFIN OTHER DEVELOPMENTS (2021–2023)
 
11 COMPANY PROFILES (Page No. - 173)
     11.1 KEY PLAYERS 
(Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
             11.1.1 DOW
                        TABLE 181 DOW: COMPANY OVERVIEW
                        FIGURE 38 DOW: COMPANY SNAPSHOT
                        TABLE 182 DOW: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 183 DOW : OTHER DEVELOPMENTS
                        TABLE 184 DOW: PRODUCT LAUNCHES
             11.1.2 MITSUI CHEMICALS, INC.
                        TABLE 185 MITSUI CHEMICALS, INC.: COMPANY OVERVIEW
                        TABLE 186 MITSUI CHEMICALS, INC.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
             11.1.3 EXXONMOBIL CORPORATION
                        TABLE 187 EXXONMOBIL CORPORATION: BUSINESS OVERVIEW
                        FIGURE 39 EXXONMOBIL CORPORATION: COMPANY SNAPSHOT
                        TABLE 188 EXXONMOBIL CORPORATION: PRODUCTS/SERVICES/SOLUTIONS OFFERED
             11.1.4 SABIC
                        TABLE 189 SABIC: COMPANY OVERVIEW
                        FIGURE 40 SABIC: COMPANY SNAPSHOT
                        TABLE 190 SABIC: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 191 SABIC: DEAL
                        TABLE 192 SABIC: DEALS
                        TABLE 193 SABIC: PRODUCT LAUNCHES
             11.1.5 SUMITOMO CHEMICAL CO., LTD.
                        TABLE 194 SUMITOMO CHEMICAL CO., LTD.: BUSINESS OVERVIEW
                        FIGURE 41 SUMITOMO CHEMICAL CO., LTD: COMPANY SNAPSHOT
                        TABLE 195 SUMITOMO CHEMICAL CO., LTD.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
             11.1.6 LYONDELLBASELL INDUSTRIES N.V.
                        TABLE 196 LYONDELLBASELL INDUSTRIES N.V.: COMPANY OVERVIEW
                        FIGURE 42 LYONDELLBASELL INDUSTRIES N.V.: COMPANY SNAPSHOT
                        TABLE 197 LYONDELLBASELL INDUSTRIES N.V.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
             11.1.7 INEOS GROUP HOLDING SA
                        TABLE 198 INEOS GROUP HOLDINGS S.A.: COMPANY OVERVIEW
                        FIGURE 43 INEOS GROUP LTD: COMPANY SNAPSHOT
                        TABLE 199 INEOS GROUP HOLDING SA: PRODUCTS/SERVICES/SOLUTIONS OFFERED
             11.1.8 RECENT DEVELOPMENTS
                        TABLE 200 INEOS GROUP HOLDINGS S.A.: DEALS
                        TABLE 201 INEOS GROUP HOLDINGS S.A.: PRODUCT LAUNCH
             11.1.9 BOREALIS AG
                        TABLE 202 BOREALIS AG: BUSINESS OVERVIEW
                        FIGURE 44 BOREALIS AG: COMPANY SNAPSHOT
                        TABLE 203 BOREALIS AG: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 204 BOREALIS AG: DEALS
             11.1.10 FORMOSA PLASTIC CORPORATION
                        TABLE 205 FORMOSA PLASTICS CORPORATION: COMPANY OVERVIEW
             11.1.11 PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 206 FORMOSA PLASTICS CORPORATION: PRODUCT OFFERINGS
             11.1.12 RECENT DEVELOPMENTS
                        TABLE 207 FORMOSA PLASTICS CORPORATION: PRODUCT LAUNCH
             11.1.13 RTP COMPANY
                        TABLE 208 RTP COMPANY: COMPANY OVERVIEW
                        TABLE 209 RTP COMPANY: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                        TABLE 210 RTP COMPANY: DEALS
     11.2 OTHER PLAYERS 
             11.2.1 POLYONE CORPORATION
                        TABLE 211 POLYONE CORPORATION: COMPANY OVERVIEW
             11.2.2 MITSUBISHI CHEMICAL HOLDING CORPORATION
                        TABLE 212 • MITSUBISHI CHEMICAL HOLDING CORPORATION: COMPANY OVERVIEW
             11.2.3 ELASTRON
                        TABLE 213 ELASTRON: COMPANY OVERVIEW
             11.2.4 GAF
                        TABLE 214 GAF: COMPANY OVERVIEW
             11.2.5 TEKNOR APEX COMPANY
                        TABLE 215 TEKNOR APEX COMPANY : COMPANY OVERVIEW
             11.2.6 RAIGH REFINING AND PETROCHEMICAL COMPANY
                        TABLE 216 RAIGH REFINING AND PETROCHEMICAL COMPANY: COMPANY OVERVIEW
             11.2.7 NOBLE POLYMERS
                        TABLE 217 NOBLE POLYMERS: COMPANY OVERVIEW
             11.2.8 HEXPOL AB
                        TABLE 218 HEXPOL AB: COMPANY OVERVIEW
             11.2.9 WASHINGTON PENN
                        TABLE 219 WASHINGTON PENN: COMPANY OVERVIEW
             11.2.10 ALPHAGARY LIMITED
                        TABLE 220 ALPHAGARY LIMITED: COMPANY OVERVIEW
             11.2.11 SAUDI ARAMCO
                        TABLE 221 SAUDI ARAMCO: COMPANY OVERVIEW
             11.2.12 KRATON CORPORATION
                        TABLE 222 KRATON CORPORATION: COMPANY OVERVIEW
             11.2.13 ADELL PLASTICS, INC. INCORPORATION
                        TABLE 223 ADELL PLASTICS, INC.: COMPANY OVERVIEW
             11.2.14 ASAHI KASEI
                        TABLE 224 ASAHI KASEI: COMPANY OVERVIEW
             11.2.15 ZEON CORPORATION
                        TABLE 225 ZEON CORPORATION: COMPANY OVERVIEW
 
*Details on Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.
 
12 APPENDIX (Page No. - 214)
     12.1 DISCUSSION GUIDE 
     12.2 KNOWLEDGESTORE: MARKETSANDMARKETS’  SUBSCRIPTION PORTAL 
     12.3 CUSTOMIZATION OPTIONS 
     12.4 RELATED REPORTS 
     12.5 AUTHOR DETAILS 

The study involved four major activities in estimating the market size of the Thermoplastic polyolefin market. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, the market breakdown and data triangulation procedures were used to estimate the market size of the segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources have been referred to for identifying and collecting information for this study. These secondary sources include annual reports, press releases, investor presentations of companies, white papers, certified publications, trade directories, articles from recognized authors, the gold standard and silver standard websites, and databases.

Secondary research has been used to obtain key information about the value chain of the industry, the monetary chain of the market, the total pool of key players, market classification, and segmentation according to industry trends to the bottom-most level and regional markets. It was also used to obtain information about the key developments from a market-oriented perspective.

Primary Research

The Thermoplastic polyolefin market comprises several stakeholders in the value chain, which include input suppliers, equipment manufacturers, technology providers, service providers, distribution and logistics, and end users. Various primary sources from the supply and demand sides of the Thermoplastic polyolefin market have been interviewed to obtain qualitative and quantitative information. The primary interviewees from the demand side include key opinion leaders in end-use sectors. The primary sources from the supply side include manufacturers, associations, and institutions involved in the Polyurethane catalyst industry.

Primary interviews were conducted to gather insights such as market statistics, data on revenue collected from the products and services, market breakdowns, market size estimations, market forecasting, and data triangulation. Primary research also helped in understanding the various trends related to technology, type, application, and region. Stakeholders from the demand side, such as CIOs, CTOs, and CSOs, were interviewed to understand the buyer’s perspective on the suppliers, products, component providers, and their current usage of Polyurethane Catalystand the outlook of their business, which will affect the overall market.

The breakdown of profiles of the primary interviewees is illustrated in the figure below:

Thermoplastic Polyolefin (TPO) Market Size, and Share

Note: Tier 1, Tier 2, and Tier 3 companies are classified based on their market revenue in 2021, available in the public domain, product portfolios, and geographical presence.
Other designations include consultants and sales, marketing, and procurement managers.

To know about the assumptions considered for the study, download the pdf brochure

Company Name

Designation

DOW

Individual Industry Expert

SABIC

Sales Manager

Exxon Mobil Corporation

Manager

Mitsui Chemicals, Inc.

Marketing Manager

Huntsman International LLC

Senior Scientist

Market Size Estimation

The top-down and bottom-up approaches have been used to estimate and validate the size of the Thermoplastic polyolefin market.

  • The key players in the industry have been identified through extensive secondary research.
  • The industry's supply chain has been determined through primary and secondary research.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
  • All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
  • The research includes the study of reports, reviews, and newsletters of the key market players, along with extensive interviews for opinions with leaders such as directors and marketing executives.

Thermoplastic Polyolefin Market: Bottum-Up Approach

Thermoplastic Polyolefin (TPO) Market Size, and Share

Note: All the shares are based on the global market size.

Source: Secondary Research, Interviews with Experts, and MarketsandMarkets Analysis

To know about the assumptions considered for the study, Request for Free Sample Report

Thermoplastic Polyolefin Market: Top-Down Approach

Thermoplastic Polyolefin (TPO) Market Size, and Share

Data Triangulation

After arriving at the total market size from the estimation process explained above, the overall market has been split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics for all the segments and sub-segments, the data triangulation and market breakdown procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides. Along with this, the market size has been validated by using both the top-down and bottom-up approaches and primary interviews. Hence, for every data segment, there have been three sources—top-down approach, bottom-up approach, and expert interviews. The data was assumed correct when the values arrived from the three sources matched.

Market Definition

Thermoplastic Polyolefin (TPO) is a type of thermoplastic elastomer made from a blend of polypropylene (PP) and ethylene-propylene rubber (EPR/EPDM). It is known for its versatile properties, such as flexibility, durability, and resistance to heat, UV radiation, chemicals, and weathering. In the context of the market, "TPO market" refers to the industry involved in the production, distribution, and utilization of TPO materials and products. This market serves a wide range of applications, including automotive parts (e.g., bumpers, interior trim), construction materials (e.g., roofing membranes, waterproofing), consumer goods, industrial components, and more. The TPO market is driven by factors such as the need for lightweight and durable materials, environmental considerations, and the expansion of industries that benefit from TPO's advantageous properties.

Key Stakeholders

  • Raw material suppliers.
  • Thermoplastic polyolefin manufacturers.
  • Thermoplastic polyolefin traders, distributors, and suppliers.
  • End-use industry participants.
  • Government and research organizations.
  • Associations and industrial bodies.
  • Research and consulting firms.
  • Research & development (R&D) institutions.
  • Environmental support agencies.

Report Objectives

  • To define, describe, and forecast the size of the Thermoplastic polyolefin market, in terms of value.
  • To provide detailed information regarding the major factors (drivers, opportunities, restraints, and challenges) influencing the growth of the market
  • To estimate and forecast the market size based on technology, type, application and region.
  • To forecast the size of the market with respect to major regions, namely, Europe, North America, Asia Pacific, Middle East & Africa, and South America, along with their key countries.
  • To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and their contribution to the overall market.
  • To analyze opportunities in the market for stakeholders and provide a competitive landscape of market leaders.
  • To track and analyze recent developments such as expansions, new product launches, partnerships & agreements, and acquisitions in the market.
  • To strategically profile key market players and comprehensively analyze their core competencies.

Available Customizations

Along with the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Regional Analysis

  • Further breakdown of a region with respect to a particular country or additional application

Company Information

  • Detailed analysis and profiles of additional market players
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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