Study: Auto sector to fuel TPO growth

Rubber & Plastics News

Published: June 9, 2014 9:31 am ET
Updated: June 9, 2014 9:35 am ET

Related to this story

Topics Automotive, United States, Mexico, Canada, Asia

The global market for thermoplastic polyolefins could reach $3.43 billion by 2020, according to a research firm.

San Francisco-based Grand View Research Inc. said growth in the automotive and construction sectors in emerging markets in Asia, particularly China and India, is expected to fuel the TPO surge.

Raw material pricing as well as high capacity to demand ratio will be among the challenges for the market, according to Grand View, a market research and consulting company that provides customized reports and consulting services.

The automotive sector accounted for 75 percent of the total TPO market in 2013. As its use as a feedstock and substitution is explored, TPO will show a compound annual growth rate of 6.4 percent from 2014 to 2020, the report said. TPO use is expected to grow in such applications as packaging, construction and health care.

North America, at 37 percent, and Asia-Pacific, at 35 percent, account for the majority of TPO consumption.

The report, “Thermoplastic Polyolefins (TPO) Market Analysis and Segment Forecasts To 2020,” is on sale now from Grand View Research.


Comments

Study: Auto sector to fuel TPO growth

Rubber & Plastics News

Published: June 9, 2014 9:31 am ET
Updated: June 9, 2014 9:35 am ET

Post Your Comments


Back to story


More stories

Image

ZF, TRW combination creating a new player for autonomous autos

September 23, 2014 9:59 am ET

The era of autonomous vehicles is close at hand — and is already changing the auto industry in fundamental ways. The latest and biggest example?...    More

Image

RPC expansion provides the space needed for continued growth

September 22, 2014 11:46 am ET

MORGANTOWN, PA. — Success, over time, created a challenge for RPC Bramlage-Wiko USA Inc. in this rural Eastern Pennsylvania town....    More

Image

Delphi buying connector maker Antaya

September 22, 2014 2:25 pm ET

Delphi Automotive plc will buy Antaya Technologies Corp., a Rhode Island company that supplies wire harnesses and other technologies that connect...    More

Image

TenCate materials help new amphibious sport aircraft take off

September 22, 2014 4:13 pm ET

TenCate Advanced Composites is supplying materials used in a new consumer sport plane made by ICON Aircraft.    More

Image

Breakaway success in Hollywood means growth for Smooth-On

September 22, 2014 1:30 pm ET

With the company “bursting at the seams” according to its co-owner, Smooth-On Inc. is moving from an 80,000-square-foot facility to a newl...    More

Market Reports

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Thermoformed Packaging 2014 Market Review & Outlook – North America

This in-depth report analyzes economic and market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as growth strategies being implemented by thermoformed packaging companies.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

More Events