Global thermoplastic polyolefin market is anticipated to grow at a considerable CAGR of 7.2% during the forecast period (2024-2031). TPO is widely used in various industries for its versatile properties. In construction, it is utilized for applications such as waterproofing membranes, wall claddings, and window profiles. In packaging, TPO films and sheets are preferred for their toughness, flexibility, and sealability. Medical applications benefit from TPO's biocompatibility, sterilizability, and chemical resistance. Wire and cable insulation, consumer goods, agriculture, and textiles/nonwovens also make use of TPO for its specific properties. Furthermore, the market has seen significant growth primarily owing to increased focus on R&D by both public and private organizations and growing applications. For instance,

In January 2024, Siplast, launched Parasolo TPX, its first-ever thermoplastic polyolefin solution (TPO), which offers consumers a competitively priced, dependable substitute for PVC while maintaining the same level of quality and dependability as all Siplast products. The product is compatible with all single-ply systems, including adherent, induction welded, and mechanically attached systems. It serves to save labor and time costs.
In Feburary 2024, IFS Coatings introduced IFS Puroplaz PE16, a tough thermoplastic-modified polyolefin powder coating with a unique combination of hardness and flexibility. It boasts high adhesion properties, Shore D Hardness of 60, and exceptional impact and abrasion resistance, overcoming codependency in these attributes.
In October 2023, Celanese Corporation introduced sustainable engineering thermoplastic solutions, including Santoprene TPV ECO-R, Celanex PBT ECO-R, and Tecnoprene PP ECO-R, to support the circular economy and provide excellent mechanical properties to manufacturers.

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Market Coverage

The market number available for – 2023-2031
Base year- 2023
Forecast period- 2024-2031

Segment Covered- 

By Type
By Application

Regions Covered-

North America
Europe
Asia-Pacific
Rest of the World

Competitive Landscape- Exxon Mobil Corp., LyondellBasell Industries N.V., Mitsui Chemicals, Inc., Sumitomo Chemical Co., Ltd., and Saudi Basic Industries Corp., among others.

Thermoplastic Polyolefin Market Report Segment

By Type

In-situ TPO (TPOs produced in-situ during polymerization)
Compounded TPO (TPOs produced by compounding polyolefins with elastomers)
POEs (Polyolefin Elastomers)

By Application

Automotive 
Building & Construction 
Medical
Wire and cables
Others (Electrical and Electronics, and Industrial Equipment)

A full Report of Thermoplastic Polyolefin Market is Available @ https://www.omrglobal.com/industry-reports/thermoplastic-polyolefin-market

Thermoplastic Polyolefin Market Report Segment by Region

North America 

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Latin America
Middle East and Africa 

Company Profiles

Arkema
Asahi Kasei Corp.
Aurora Material Solutions, LLC
BASF SE
Berkshire Hathaway Inc.
Borealis AG
China Petrochemical Corp.
Formosa Plastics Corp.
HEXPOL AB
INEOS AG
Johns Manville
LG Chem, Ltd.
LyondellBasell Industries N.V.
Noble Polymers
RTP Company
Reliance Industries Ltd.
Saudi Basic Industries Corp. 
Sumitomo Chemical Co., Ltd.
The Dow Chemical Co.
Versalis S.p.A. 

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