Thermoplastic Polyolefins Market - Drivers and Forecasts by Technavio Business Wire LONDON -- September 29, 2017 Technavio analysts forecast the global thermoplastic polyolefins market to grow at a CAGR of over 7% during the forecast period, according to their latest report. This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170929005390/en/ Technavio has published a new report on the global thermoplastic polyolefins market from 2017-2021. ... Technavio has published a new report on the global thermoplastic polyolefins market from 2017-2021. (Graphic: Business Wire) The research study covers the present scenario and growth prospects of the global thermoplastic polyolefins market for 2017-2021. Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The automotive industry is the key end-user in the thermoplastic polyolefins market. The roofing segment in the construction industry is the second largest end-user in the thermoplastic polyolefins market. Stringent regulations associated with the use of polyvinyl chloride (PVC) roofing have increased the demand for TPO roofing. The thermoplastic polyolefins are used in other applications such as wire and cable, packaging, and plastic repair. The market has immense potential for technological innovations. This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free. Technavio analysts highlight the following three factors that are contributing to the growth of the global thermoplastic polyolefins market: * Preference for TPOs over PVC * Rising demand in the roofing industry * Increasing demand for TPO in North America and APAC Looking for more information on this market? Request a free sample report Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more. Preference for TPOs over PVC Several regulations have been formulated on the use of PVC as it contains vinyl chloride monomer that is known to be a human carcinogen. Regulatory bodies restrict the use of PVC in toys and baby products. Several medical and nursing associations have highlighted the health risks associated with the use of PVC medical devices. Mohd Shakeel Iqbal, a lead plastics, polymers, and elastomers research analyst at Technavio, says, “The EPA directly amended the National Emission Standards for Hazardous Air Pollutants for polyvinyl chloride and copolymers production area sources. This rule withdrew total non-vinyl chloride organic hazardous air pollutant process wastewater emission standards for new and existing PVC and copolymers area sources. This rule came into effect on March 30, 2015.” 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. “Single ply roofs have been in use for the last 20-30 years and are popular due to their several advantages such as flexibility, easy installation, and affordability. The single ply roof can be categorized into thermosets and thermoplastics. The five key types of single ply roofing are PVC, EPDM, TPO, thermoplastic elastomer, and polyisobutylene. Out of these, PIB is the oldest, while TPO and TPE are the recent ones,” adds Shakeel. Increasing demand for TPO in North America and APAC In 2016, North America and APAC accounted for 69% of the total revenue generated by the global thermoplastic polyolefin market. The growth of thermoplastic polyolefins market in these regions is primarily attributed to the rising demand for TPO in the automotive sectors. APAC is an emerging market that draws investments from large players in the automotive industry. Tesla is likely to introduce its products in India. It might start might its manufacturing plant in the near future. Under the National Electric Mobility Mission Plan (NEMMP) 2020, the government of India plans to introduce around 6 million electric cars and hybrid vehicles in the country. Many global companies, such as Kia Motor, BMW, Ford, Cummins, Suzuki Motor, and General Motors plan to invest in the automobile industry in India. Top vendors: * A.Schulman * Borealis * ExxonMobil * LyondellBasell Industries Holdings * SABIC * Sumitomo Chemical Browse Related Reports: * Global Ultra-High Molecular Weight Polyethylene Market 2017-2021 * Global Styrenic Block Copolymer (SBC) Market 2017-2021 * Global Plastic Additives Market 2017-2021 About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. If you are interested in more information, please contact our media team at email@example.com. View source version on businesswire.com: http://www.businesswire.com/news/home/20170929005390/en/ ./ContentItem/Format Global thermoplastic polyolefins market is set to grow at a CAGR of over 7% during the period 2017-2021. @Technavio Multimedia Available:http://www.businesswire.com/news/home/20170929005390/en/ Contact: Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 www.technavio.com
Thermoplastic Polyolefins Market - Drivers and Forecasts by Technavio
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