Industry Insights
Thermoplastic Polyolefins (TPO) contain polymers including
polypropylene, polyethylene and rubber with filler material. TPOs are
processed like thermoplastics and come under thermoplastic elastomers
family. TPO are manufactured by different processes including injection
molding, extrusion molding and forming. TPO possess rubber qualities but
they are processed like polymer. This unique property has increased the
application scope of TPO in major end-use industries recently.
TPO market has been witnessing strong growth over the last few years
on account of increasing demand from automotive industry, and the trend
is expected to continue over the forecast period. Rapid growth of
automotive industry especially in India and china is the key factor
expected to drive the market in this region. Automotive industry is
highly competitive in nature where market players compete with each
other by product innovation.
Browse Detail Report With TOC @ http://www.hexaresearch.com/research-report/thermoplastic-polyolefins-tpo-industry/
Providing luxurious interior and exterior design is the key factor
for market players to gain competitive advantage over their competitors.
Increasing application scope of TPO in automotive interior and exterior
designs is anticipated to fuel the market growth over the next six
years. TPO is gaining popularity on account of its properties including
weather resistance, waterproof and design flexibility. Increasing TPO
application in construction sector for roofing purpose is the key factor
likely to surge the market growth over the next six years.
In addition, increasing government spending on infrastructure
development in emerging BRIC countries is the key factor anticipated to
boost TPO market demand over the forecast period. TPO with UV
stabilization provide superior advantages where outstanding impact
properties at different temperature are required. Typical applications
include automotive bumper and fascia components, recreation vehicle
cowls and lawn and garden machinery guards. These applications of UV
stabilized TPO is anticipated to boost TPO demand over the next six
years.
TPO are ecofriendly polymers possessing similar properties of PVC.
Growing environmental concerns and controversial debate on PVC usage has
negatively affected the PVC market recently. In addition, stringent
regulations from EU commission in Europe restricted the usage of PVC in
this region. Eco friendly nature of TPO replaced PVC in major industrial
applications, and it is expected to augment the market growth over the
next six years.
Request A Sample copy of This Report @ http://www.hexaresearch.com/sample/106
Application Insights
Automotive industry was the largest market for TPO over the last few
years on account of growing automobiles demand across the world.
Increasing automotive manufacturers in countries such as India, China
and Brazil is anticipated to drive TPO market at a good pace in this
region. Construction sector was the second major market for TPO in 2013.
Increasing construction projects including roads, flyovers, commercial
complexes and residential projects on account of infrastructure
development in BRICS is likely to fuel the market growth over the
forecast period. Global TPO market is expected to witness significant
growth over the next seven years owing to increasing application in
major end-use industries including electrical, packaging and healthcare.
Regional Insights
North America was the dominating regional market over the past few
years, and the trend is expected to continue over the forecast period.
On account of matured automotive market in North America, TPO market is
anticipated to witness moderate growth over the foreseeable period in
this region. Asia pacific was the second largest market owing to strong
TPO demand from automotive and construction sector in emerging countries
including India and China. Europe has been witnessing sluggish growth
over the last few years on account of market saturation in this region.
Competitive Insights
Increasing application scope of TPO in major industrial applications
coupled with rapid industrialization in BRICS is anticipated to open new
opportunities for the existing market player to increase their
production capacity over the forecast period. Some major players in this
market include The Dow Chemical Company, Arkema SA, INEOS Olefins &
Polymers, Exxon Mobil Corp., PolyOne Distribution, SABIC and Chemtura
Chemical Corporation.
Browse Full Report @ http://www.hexaresearch.com/research-report/thermoplastic-polyolefins-tpo-industry/
About Us:
Hexa Research is a market research and consulting organization,
offering industry reports, custom research and consulting services to a
host of key industries across the globe. We offer comprehensive business
intelligence in the form of industry reports which help our clients
obtain clarity about their business environment and enable them to
undertake strategic growth initiatives.
Contact Us:
Ryan Shaw
Hexa Research
Felton Office Plaza
6265 Highway 9
Felton, California 95018
United States
Phone: +1-800-489-3075
Email: sales@hexaresearch.com
Website - http://www.hexaresearch.com/
Visit our Blog: http://hexaresearchinc.blogspot.com/
No comments:
Post a Comment