The global thermoplastic polyolefin (TPO) market size is estimated to be USD 4.5 billion in 2021 and is projected to reach USD 6.2 billion by 2026, at a CAGR of 6.4% between 2021 and 2026.
Browse 130 market data Tables and 59 Figures spread through 189 Pages and in-depth TOC on “Thermoplastic Polyolefin (TPO) Market by Type (In-situ TPO, Compounded TPO, & POEs), Application (Automotive, Building & Construction, Medical, Wire & Cables), and Region (APAC, North America, Europe, MEA, South America) – Global Forecast to 2026 “
Automotive industry account for the largest share of the thermoplastic polyolefin (TPO) market by application
The automotive industry led the TPOs market in 2020. The TPOs market in the automotive segment is projected to grow owing to increased competition among players to provide lightweight and robust auto parts, growing demand for vehicles, supportive government policies, development of transportation infrastructure, and rapid economic growth. The building & construction industry accounted for 20% of the overall market in terms of volume in 2020. In the building & construction industry, TPOs are used for roofing membranes, waterproofing, carpeting, wall coverings, and other components.
Get 10% Free Customization on this Report @ https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=256331319
APAC accounted for the largest share in the global thermoplastic polyolefin (TPO) market
The TPOs market in APAC accounted for the largest share of the overall market in 2020. The demand for TPO is expected to grow due to the developing construction and automotive sectors. In APAC, Japan dominated the TPOs market in 2020, followed by China and South Korea. The market is projected to register a high CAGR during the forecast period.
Request Report Sample @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=256331319
APAC is estimated to be the largest market for thermoplastic polyolefin (TPO).
The TPOs market in APAC accounted for the largest share of the overall market in 2020. The demand for TPO is expected to grow due to the developing construction and automotive sectors. In APAC, Japan dominated the TPOs market in 2020, followed by China and South Korea. The market is projected to register a high CAGR during the forecast period.
Read More Insights At https://www.marketsandmarkets.com/PressReleases/thermoplastic-polyolefin.asp
About MarketsandMarkets™
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact MarketsandMarkets™:
Mr. Ashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
