Thermoplastic Polyolefins Market Analysis:- Thermoplastic polyolefins are high-performance polypropylene based compound, which has the combination of polyolefin semi-crystalline thermoplastic and amorphous elastomeric components. They are derived from the blending of ethylene propylene diene monomer rubber or ethylene propylene rubber and polypropylene material. Moreover, during their manufacturing process, they do not have any vulcanization step. They improve ductility and offer high impact resistance. They exhibit superior properties such as high chemical resistance and excellent weather durability, which make them suitable for utilization in numerous end-use application such as building & construction, industrial, home appliances, automotive, medical, and others.
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The global thermoplastic polyolefins market is spanned across five regions: Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa. Among these, North America emerged as the leading market and is predicted to grow with the moderate CAGR over the forecast period, 2017 to 2023, due to average growth of automotive and significant growth of the medical sector. North America is further segmented into U.S. and Canada, the U.S. accounted for the largest regional market share and is estimated to grow with the healthy CAGR during the assessment period on account of rising expenditure in research and development by the prominent market players. The U.S. is followed by Canada which is expected to register moderate growth owing to rising base for pharmaceutical industries. The European market is estimated to witness above-average growth on account of the presence of automobile manufacturers in this region. In Europe, numerous countries such as Germany, U.K., France, Italy, and Russia are among the major contributors in the regional market growth and is estimated to retain their dominance due to the wide utilization of thermoplastic polyolefins in the manufacturing of automotive components.
Some of the prominent players operating in the global thermoplastic polyolefins market are Exxon Mobil Corporation (U.S.), S&E Specialty Polymers (U.S.), SABIC (Saudi Arabia), INEOS Olefins & Polymers (UK), Johns Manville. A Berkshire Hathaway Company (U.S.), Arkema SA (France), The Hexpol group of companies (U.S.), LyondellBasell (the Netherlands), Sumitomo Chemical Co., Ltd. (Japan), RTP Company (U.S.), Noble Polymers (U.S.) among others.
The global thermoplastic Polyolefins market is categorized on the basis of application and region. On the basis of application, the market is classified into automotive, medical, home appliances, building & construction, industrial, and others. Others segment include rubber goods, packaging, wire & cable, battery, and footwear. On the basis of the region, the thermoplastic polyolefins market is segmented into Latin America, North America, Asia Pacific, Europe, and the Middle East & Africa.
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- Thermoplastic polyolefins manufacturers
- Traders and Distributors of thermoplastic polyolefins
- Production Process Industries
- Potential Investors
- Raw Material Suppliers
- Nationalized Laboratory
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Market Research FutureSidhant Shelar
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