About Thermoplastic Polyolefins
Thermoplastics are the class of polymers that change into plastic on heating and solidify or harden on cooling. They are recyclable and are thus environment-friendly. Based on their properties, the thermoplastics are further divided into thermosets and elastomers. The heating process strengthens the thermosets and they cannot be reheated or remolded after the initial heat-forming. Thermosets are preferred for producing permanent components. Thermoplastic elastomers are environment-friendly and are processed like plastics but have the features of rubber.
Technavio’s analysts forecast the global thermoplastic polyolefins market to grow at a CAGR of 7.06% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global thermoplastic polyolefins market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Thermoplastic Polyolefins Market 2017-2021
Technavio recognizes the following companies as the key players in the global thermoplastic polyolefins market: A. Schulman, Borealis, ExxonMobil, LyondellBasell Industries Holdings, SABIC, and Sumitomo Chemical.
Other Prominent Vendors in the market are: Arkema, BASF, Carlisle, DowDuPont, ELASTRON KİMYA SAN. TİC., INEOS, MCPP, Mitsui Chemicals, Noble Polymers, PolyOne, RTP Company (Miller Waste Mills), S&E Specialty Polymers, Solvay, Sperry Group, Sumika Polymer Compounds, Teknor Apex, and The Dow Chemical Company.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is recycling of TPOs. TPOs are 100% recyclable. Manufacturers of TPO conduct workshops to educate the contractors and building owners about the benefits of recycling TPO roofs. These roofs reduce the carbon footprint and are environment-friendly. Recycling of TPO membranes prevents their accumulation in landfills and helps building owners save money in waste removal.”
According to the report, one driver in the market is rising demand in the roofing industry. Growth in the roofing industry drives the demand for thermoplastic polyolefins. Increasing number of constructions drives the demand for roofing systems. Construction activities are increasing at a rapid pace, especially in the developing regions. The ever-growing population and varying weather conditions have led to the emergence of various types of roofing. There are various types of roofings for residential and commercial purposes. Roofs are also broadly classified into flat roofs and pitched roofs.
Further, the report states that one challenge in the market is availability of substitutes for TPOs. The unique properties of TPOs have led to growth in the global TPOs market. However, there are other materials that can be used as substitutes for TPOs. Though TPO is the latest in the single ply roofing system, there were other globally accepted roofing systems prior to its advent. PVC is quite popular and has been in use for decades. However, several bans and restrictions on this material have decreased its consumption and led to an increase in the demand for TPO and other alternatives. Increasing use of eco-friendly and biodegradable cellulose polymers for similar applications of TPO is major challenge to the market.
A. Schulman, Borealis, ExxonMobil, LyondellBasell Industries Holdings, SABIC, Sumitomo Chemical, Arkema, BASF, Carlisle, DowDuPont, ELASTRON KİMYA SAN. TİC., INEOS, MCPP, Mitsui Chemicals, Noble Polymers, PolyOne, RTP Company (Miller Waste Mills), S&E Specialty Polymers, Solvay, Sperry Group, Sumika Polymer Compounds, Teknor Apex, and The Dow Chemical Company.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook