Thermoplastic Polyolefins Market 2020-2024 | Size, Share, Trends, Analysis, and Forecast Research Report by Technavio

LONDON--(BUSINESS WIRE)--The global thermoplastic polyolefins market size is poised to grow by USD 1.16 billion during 2020-2024, progressing at a CAGR of almost 6% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.

Technavio predicts that the increasing demand for TPO (Thermoplastic Polyolefins) in the roofing industry will be one of the major drivers that will have a positive impact on the growth of the global thermoplastic polyolefins market. The rising construction activities across the world especially in developing regions. The growth in population and the change in weather conditions have resulted in the emergence of various types of roofing for both residential and commercial purposes. Single-ply roofs are increasingly used for the last 20-30 years and are widely popular due to their benefits such as flexibility, easy installation, and affordability. TPO, PVC, and EPDM are some of the widely used types of single-ply roofs. These factors will help in the growth of the thermoplastic polyolefins market during the forecast period.

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Report Highlights:

• The major thermoplastic polyolefins market growth came from the automotive segment. Thermoplastic polyolefin's versatility and low density help this segment.
• APAC was the largest thermoplastic polyolefins market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. This is attributed to factors such as the high demand for thermoplastic polyolefins in the automotive, roofing, medical, and packaging industries.
• The global thermoplastic polyolefins market is fragmented. Arkema SA, Avient Corp., BASF SE, Dow Inc., Exxon Mobil Corp., INEOS Group Holdings SA, LyondellBasell Industries NV, Mitsubishi Chemical Holdings Corp., Mitsui Chemicals Inc., and Sumitomo Chemical Co. Ltd, are some of the major market participants. To help clients improve their market position, this thermoplastic polyolefins market forecast report provides a detailed analysis of the market leaders.
• As the business impact of COVID-19 spreads, the global thermoplastic polyolefins market 2020-2024 is expected to have a neutral impact. As the pandemic spreads in some regions and plateaus in other regions, we revaluate the impact on businesses and update our report forecasts.

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Increasing usage of plastic additives to increase the life of TPO roofing will be a Key Market Trend

Vendors are constantly concentrating on providing advanced solutions to enhance the TPO roofing systems. BASF has already introduced plastic additives to improve the service life of TPO roofing membranes, especially in China. These additives are likely to have a lesser adverse effect on the environment. The positive impact of this is expected to increase its demand and this will eventually result in the growth of the thermoplastic polyolefins market during the forecast period.

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Thermoplastic Polyolefins Market 2020-2024: Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist thermoplastic polyolefins market growth during the next five years
• Estimation of the thermoplastic polyolefins market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the thermoplastic polyolefins market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of thermoplastic polyolefins market vendors

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Executive Summary

Market Landscape

• Market ecosystem
• Market characteristics
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

• Five forces summary
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Application

• Market segments
• Comparison by Application
• Automotive - Market size and forecast 2019-2024
• Roofing - Market size and forecast 2019-2024
• Others - Market size and forecast 2019-2024
• Market opportunity by Application

Customer landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• North America - Market size and forecast 2019-2024
• APAC - Market size and forecast 2019-2024
• Europe - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography
• Market drivers
• Market challenges
• Market trends

Vendor Landscape

• Competitive scenario
• Vendor landscape
• Landscape disruption
• Industry risks

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• Arkema SA
• Avient Corp.
• BASF SE
• Dow Inc.
• Exxon Mobil Corp.
• INEOS Group Holdings SA
• LyondellBasell Industries NV
• Mitsubishi Chemical Holdings Corp.
• Mitsui Chemicals Inc.
• Sumitomo Chemical Co. Ltd.

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.