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

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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Press Release

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...