Thermoplastic Polyolefin (TPO) Market Report Scope & Overview:

The Thermoplastic Polyolefin (TPO) Market Size was valued at USD 5.11 billion in 2022, and expected to reach USD 8.46 billion by 2030, and grow at a CAGR of 6.5% over the forecast period 2023-2030. Thermoplastic polyolefins are high-performance materials made from polypropylene. They are a mix of semi-crystalline polyolefin thermoplastic and amorphous elastomeric parts. They are made by mixing polypropylene material with ethylene propylene diene monomer rubber or ethylene propylene rubber. Also, there is no step called "vulcanization" in the process of making them. They make the material more flexible and hard to break. They have great qualities like being resistant to chemicals and lasting well in bad weather. This means they can be used in a wide range of end-use applications, such as building and construction, industrial, home appliances, automotive, medical, and others.

Thermoplastic Polyolefin (TPO) Market Revenue Analysis

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Market Dynamics:


  • Increasing use of Tpos in both the outside and inside of cars will drive the market.

  • The market will be driven by steady growth in the building and construction industry.

  • More repair and maintenance work is being done with TPO waterproofing membrane.


  • Changes in the prices of raw materials


  • Other thermoplastic polymers can be replaced with Tpos on the inside.

  • Increasing use of EVs around the world will give the market a chance to grow.

  • New applications are creating more demand.

  • Demand from the packaging industry is going up


  • More and more people are recycling plastic.

Impact of COVID-19:

The COVID-19 pandemic caused the supply chain to break down, production to stop, demand to go down, and spending per person to go down around the world. All of these things hurt the TPO market. But as the economy recovers from the recession and the COVID-19 pandemic and as more Electric Vehicles (EVs) are sold around the world, the demand for TPO is expected to rise by a lot in the coming years. The APAC automotive industry is growing, TPO is good for the environment, and the TPO processing industry is getting better. All of these things are likely to boost the market. The main things that slow down the TPO market are the fluctuating prices of raw materials and the technical challenges of making low-cost TPO products.

Market Segment:

By  Type

  • In-situ TPO

  • Compounded TPO

  • POEs

By Application

  • Automotive

  • Building & Construction

  • Medical

  • Wire & Cables

  • Others

Thermoplastic Polyolefin (TPO) Market Segmentation Analysis

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Regional Analysis:

The Thermoplastic Polyolefins Market is spread out over five regions: Latin America, Europe, North America,Asia-Pacific and the Middle East and Africa. Among these, North America has become the largest market, and it is expected to grow at a moderate CAGR from 2017 to 2023. This is because the automotive sector is growing at an average rate, while the medical sector is growing quickly. Even more, North America is split into the U.S. The U.S. has the largest share of the regional thermoplastic polyolefins market and is expected to grow at a healthy CAGR during the assessment period. This is because major market players are spending more on research and development. After the U.S. comes Canada, which is expected to have moderate growth because its pharmaceutical industries are getting bigger. Because there are car companies in Europe, it is thought that the market there will grow faster than average. In Europe, countries like Germany, the United Kingdom, France, Italy, and Russia are major contributors to the growth of the regional market. It is expected that these countries will continue to dominate the market because thermoplastic polyolefins are used so often to make automotive parts.


  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Key Players:

Johns Manville, S&E Specialty Polymers (U.S.), SABIC (Saudi Arabia),  Noble Polymers (U.S.), INEOS Olefins & Polymers (UK),Exxon Mobil Corporation (U.S.,A Berkshire Hathaway Company (U.S.), The Hexpol group of companies (U.S.), Sumitomo Chemical Co., Ltd. (Japan),  Arkema SA (France), LyondellBasell (the Netherlands),  RTP Company (U.S.).

Noble Polymers (U.S.)-Company Financial Analysis

Thermoplastic Polyolefin (TPO) Market Report Scope:
Report Attributes Details
Market Size in 2022 US$ 5.11 Billion
Market Size by 2030 US$ 8.46 Billion
CAGR CAGR of 6.5% From 2023 to 2030
Base Year 2022
Forecast Period 2023-2030
Historical Data 2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Type (In-situ TPO, Compounded TPO, POEs)
• By Application (Automotive, Building & Construction, Medical, Wire & Cables, Others)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Johns Manville, S&E Specialty Polymers (U.S.), SABIC (Saudi Arabia),  Noble Polymers (U.S.), INEOS Olefins & Polymers (UK),Exxon Mobil Corporation (U.S.,A Berkshire Hathaway Company (U.S.), The Hexpol group of companies (U.S.),Sumitomo Chemical Co., Ltd. (Japan),  Arkema SA (France), LyondellBasell (the Netherlands),  RTP Company (U.S.)
DRIVERS • Increasing use of Tpos in both the outside and inside of cars will drive the market.
• The market will be driven by steady growth in the building and construction industry.
• More repair and maintenance work is being done with TPO waterproofing membrane.
Restraints • Changes in the prices of raw materials

Frequently Asked Questions

Ans: Primary or secondary type of research done by this reports.

Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.

Ans: Johns Manville, S&E Specialty Polymers (U.S.), SABIC (Saudi Arabia),  Noble Polymers (U.S.), INEOS Olefins & Polymers (UK),Exxon Mobil Corporation (U.S.,A Berkshire Hathaway Company (U.S.), The Hexpol group of companies (U.S.),Sumitomo Chemical Co., Ltd. (Japan),  Arkema SA (France), LyondellBasell (the Netherlands) and RTP Company (U.S.)are the major key players of  Thermoplastic Polyolefin (TPO) Market.


Ans: More and more people are recycling plastic are the challenges faced by the Thermoplastic Polyolefin (TPO) Market.


Ans: Thermoplastic Polyolefin (TPO) Market Size was valued at USD 4.8 billion in 2021, and expected to reach USD 7.61 billion by 2028, and grow at a CAGR of 6.5 % over the forecast period 2022-2028.  


Table of Contents

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies US Canada Germany France United Kingdom China Japan South Korea Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7.  PEST Analysis

8.Thermoplastic Polyolefin (TPO) Market Segment, By  Type

8.1 In-situ TPO

8.2 Compounded TPO

8.3 POEs

9.Thermoplastic Polyolefin (TPO) Market Segment, By Application

9.1 Automotive

9.2 Building & Construction

9.3 Medical

9.4 Wire & Cables

9.5 Others

10. Regional Analysis

10.1 Introduction

10.2 North America

10.2.1 USA

10.2.2 Canada

10.2.3 Mexico

10.3 Europe

10.3.1 Germany

10.3.2 UK

10.3.3 France

10.3.4 Italy

10.3.5 Spain

10.3.6 The Netherlands

10.3.7 Rest of Europe

10.4 Asia-Pacific

10.4.1 Japan

10.4.2 South Korea

10.4.3 China

10.4.4 India

10.4.5 Australia

10.4.6 Rest of Asia-Pacific

10.5 The Middle East & Africa

10.5.1 Israel

10.5.2 UAE

10.5.3 South Africa

10.5.4 Rest

10.6 Latin America

10.6.1 Brazil

10.6.2 Argentina

10.6.3 Rest of Latin America

11. Company Profile

11.1  Johns Manville

11.1.1 Financial

11.1.2 Products/ Services Offered

11.1.3 SWOT Analysis

11.1.4 The SNS view

11.2 S&E Specialty Polymers (U.S.)

11.2 SABIC (Saudi Arabia)

11.3 Noble Polymers (U.S.)

11.4 INEOS Olefins & Polymers (UK)

11.5 Exxon Mobil Corporation (U.S.)

11.6 A Berkshire Hathaway Company (U.S.)

11.7 The Hexpol group of companies (U.S.)

11.8 Sumitomo Chemical Co., Ltd. (Japan)

11.9 Arkema SA (France)

11.10 LyondellBasell (the Netherlands)

11.11 RTP Company (U.S.)

12.Competitive Landscape

12.1 Competitive Benchmark

12.2 Market Share analysis

12.3 Recent Developments

13. Conclusion

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Secondary Research

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Primary Research

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Data Bank Validation

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