+1-888-308-5802     
News Contact Us

Rapidly Expanding Automotive Industry To Drive The Thermoplastic Polyolefins Market Growth

Author : Rahul Varpe | Published Date : 2019-04-01 

According to Global Market Insights, Inc., “Thermoplastic Polyolefins Market size is anticipated to reach USD 4 billion by 2023.” Moreover, it finds wide applications in medical industry owing to favorable features such as excellent thermal stability, design versatility, crystal clarity, mutagenic potential, and high resistance. Strict government norms for reducing greenhouse emissions to minimize environmental pollution is predicted to boost the demand for thermoplastic polyolefins over the next few years.

Growing preference for thermoplastic polyolefins over polyvinyl chloride owing to environmental risks caused by PVC usage, will further boost the industry growth over the coming years. Strict CAFÉ (Corporate Average Fuel Economy) regulations have emphasized vehicle manufacturers to innovate ways for reducing vehicle weight to ensure minimal pollutant emissions in the atmosphere. This is expected to stimulate TPO demand in automobile applications over the next few years.

To access a sample copy or view the Thermoplastic Polyolefins Market report in detail along with the table of contents, please click the link below: www.gminsights.com/request-sample/detail/507 

Construction sector is another lucrative industry favoring TPO demand significantly. TPO market size in construction industry is predicted to grow at a rate of 6.8% over the period of 2016-2023. The growth can be credited to its extensive application in manufacturing roof tops for both commercial and residential infrastructure owing to its solar radiation inhibiting characteristic.

North America market price worth USD 860 million in 2015, is anticipated to witness substantial gains over the coming years. Its growing applications in construction, automotive, medical, and packaging sectors is projected to drive the regional demand over the coming years. Moreover, strict automotive fuel efficiency norms are predicted to boost the product popularity in the region. U.S. is expected to make significant contribution towards the overall regional revenue.

Europe market share is anticipated to exceed USD 1 billion by 2023, owing to the increased application of these products in medical and packaging sectors as compared to other traditional polymers and elastomers. UK, Germany, France, and Italy are expected to be the major revenue pockets for the region over the next few years.

Asia Pacific TPO market is expected to exceed USD 1.3 billion by 2023, owing to heavy construction spending along with booming automotive sector. Japan, India, and China are expected to contribute significantly towards the regional share in the near future.

Make an inquiry for purchasing this report @ www.gminsights.com/inquiry-before-buying/507

Market players will try to enhance their product portfolio as well as revenue through mergers & acquisitions, joint ventures, and strategic alliances. Key industry participants include DuPont, INOES, A. Schulman, Mitsui, Arkema S.A, Noble polymers, The DOW Chemical Company, ExxonMobil, Polisystem UK Limited, SABIC, Sumitomo Chemical, S&E Specialty polymers, GAF, LyondellBasell Industries, and Spartech.
 

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

Related News

Highly Reactive Polyisobutylene (HR-PIB) Market for automotive sector is expected to gain rapid expansion by 2024

Published Date: 2019-06-21         Author: Rahul Varpe

Global Highly Reactive Polyisobutylene (HR-PIB) Market Report provides complete industry analysis, market outlook, size, growth, opportunities and forecast 2023. This report will assist in analyzing the current and future business trends, sales and revenue forecast. It provides top manufacturers inf... Read More

Portable Asphalt Mixing Plants Market is expected to grow at a CAGR of 1.5% by 2024

Published Date: 2019-06-21         Author: Rahul Varpe

Global Asphalt Mixing Plants Market Forecast to 2023 released By Global Market Insights provides Market information about industry Top Key Players, Countries, Type and Application. This Asphalt Mixing Plants report also states Company Profile, sales, Asphalt Mixing Plants Market revenue and price, m... Read More

NBR Latex Market to depict appreciable growth prospects over 2019-2025

Published Date: 2019-06-20         Author: Rahul Varpe

Global Market Insights add New NBR Latex Market report provides in-depth information about market overview, top vendors, Key market highlights, product types, market drivers, challenges, trends, industry landscape, size and forecast, five forces analysis, Key leading countries/Region. E... Read More

© 2019 Fractovia. All Rights Reserved