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Global Thermoplastic Polyolefin Market: Asia Pacific to Replace North America as Leading Regional Segment During Forecast Period, Predicts Tmr

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Transparency Market
Research
Thermoplastic Polyolefin Market (End User Automotive, Building & Construction, Home
Appliances, Medical, Industrial, and Footwear) - Global
Industry Analysis, Size, Share, Growth, Trends, and
Forecast 2016 - 2024
Published Date
29-Sept-2016

186 Page Report

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Global Thermoplastic Polyolefin Market: Asia Pacific to
replace North America as Leading Regional Segment during
Forecast Period, predicts TMR
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Thermoplastic Polyolefin Market

REPORT DESCRIPTION
Thermoplastic Polyolefin Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast
2016 - 2024
The global thermoplastic polyolefin (TPO) market is moderately consolidated, with the top seven
manufacturers accounting for more than 60% of the market in 2015. The three leading manufacturers of TPO,
namely Lyondell Basell Industries N.V., Exxon Mobil Corporation, and Mitsui Chemicals, Inc., have a stronger
foothold in the market than the rest, focusing mainly on mergers and acquisitions and capacity expansions as
their key growth strategies. For instance, Mitsui Chemicals, Inc. is planning to expand its TPO facility in Chiba,
Japan and production in this facility is likely to commence by 2018.
According to Transparency Market Research, competition in the TPO market is anticipated to remain intense
throughout the forecast period owing to the fact that manufacturers in this market have an almost equal share
and market size.
The opportunity presented by the global TPO market was pegged at US$2.3 bn in 2015 and is likely to be
worth US$4.3 bn by 2024, expanding at a CAGR of 7.3% therein.
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Automotive Sector Leads Global TPO Market by Demand and Revenue
The...

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