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 Asia, Canada, Mexico, United States, Automotive

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

Judge limits scope of jury verdict against JM Eagle

December 19, 2014 2:30 pm ET

A federal judge in Los Angeles said Dec. 18 that last year's jury verdict issued against J-M Manufacturing Co. — now JM Eagle — for...    More

Image

Jarden hiring for new plastics plant

December 19, 2014 1:45 pm ET

Consumer products conglomerate Jarden Corp. is hiring plastics technicians for a new operation in Erlanger, Ky.    More

Image

Antimicrobial polymers firm TiFiber launching pilot production in Ark.

December 19, 2014 10:58 am ET

TiFiber Inc., which makes synthetic compounds to control dangerous microorganisms, will locate a pilot production facility and its future company...    More

Image

Spray PU foam aids in NASA launch

December 19, 2014 9:22 am ET

NASA's test of the Orion spacecraft earlier this month took advantage of spray polyurethane foam insulation from North Carolina Foam Industries...    More

Image

Thailand's SCG Chemicals buying Norwegian chemical firm Norner

December 19, 2014 9:11 am ET

Thailand's SCG Chemicals Co. Ltd. has announced it has acquired 51 percent of the shares in the independent petrochemical company Norner Holding AS fr...    More

Market Reports

Flexible Packaging Trends in North America

Our latest RESEARCH report examines trends in FLEXIBLE PACKAGING impacting the North American market including a review of economic conditions, key drivers of growth, materials pricing, M&A activity, sustainability challenges and the outlook for 2015.

Learn more

Plastics in Brazil - State of the Industry Report

This in-depth report examines the Brazilian plastics industry from a historical and geographical context. Our analysts provide insight on economic trends and forecasts, growing manufacturing sectors that utilize plastics, private investment opportunities, market environment challenges, and innovations in R&D.

Data tables and charts on producer prices, trade, plastics production and end market indicators is also included.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Upcoming Plastics News Events

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

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

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events