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DUBLIN--(BUSINESS WIRE)--Sep 29, 2022--
The "Thermoplastic Polyolefin Market Share, Size, Trends By Type, By Application, By End-Use Industry, By Region, Segment Forecast, 2022 - 2030" report has been added to ResearchAndMarkets.com's offering.
The demand for polypropylene is increasing considerably, owing to the surging need for syringes and medical vials, and specimen bottles. This is attributable to an increase in vaccination drives in various countries such as Israel, the U.S., and India due to the outbreak of the COVID-19 pandemic.
In addition, the demand for food packaging increased owing to uncertainty or fear of lockdown in many countries. This is attributed to the uncertainty of lockdowns leading to panic buying of food and health products, which correspondingly increased the demand for polypropylene.
They are used in industries such as automotive, building & construction, medical, and others. The automotive segment accounted for a major share in 2021. Modernization of vehicles and rising demand for high-performing vehicles boost the growth of this segment. Increasing consumer inclination toward electric and hybrid vehicles, technological advancements, and rising investments in research and development is expected to offer growth opportunities during the forecast period.
Asia-Pacific accounted for a major share of the global thermoplastic polyolefin market in 2021. Population growth. Industrialization and greater penetration of passenger vehicles support the industry growth in the region. The rising application of the industry in the construction and medical sectors further boosts the adoption in Asia-Pacific. Increasing adoption of electric and hybrid vehicles in the region also fuels growth in this region.
Thermoplastic Polyolefin (TPO) Market Report Highlights
The publisher has segmented the thermoplastic polyolefin (TPO) market report based on type, application, end-use industry, and region:
Thermoplastic Polyolefin (TPO), Type Outlook (Revenue - USD Billion, 2018 - 2030)
Thermoplastic Polyolefin (TPO), Application Outlook (Revenue - USD Billion, 2018 - 2030)
Thermoplastic Polyolefin (TPO), End-use Industry Outlook (Revenue - USD Billion, 2018 - 2030)
Thermoplastic Polyolefin (TPO), Regional Outlook (Revenue - USD Billion, 2018 - 2030)
Key Topics Covered:
1. Introduction
2. Executive Summary
3. Research Methodology
4. Global Thermoplastic Polyolefin (TPO) Market Insights
5. Global Thermoplastic Polyolefin (TPO) Market, by Type
6. Global Thermoplastic Polyolefin (TPO) Market, by Application
7. Global Thermoplastic Polyolefin (TPO) Market, by End-use Industry
8. Global Thermoplastic Polyolefin (TPO) Market, by Geography
9. Competitive Landscape
10. Company Profiles
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/ft2nf2
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KEYWORD:
INDUSTRY KEYWORD: CHEMICALS/PLASTICS MANUFACTURING
SOURCE: Research and Markets
Copyright Business Wire 2022.
PUB: 09/29/2022 10:13 AM/DISC: 09/29/2022 10:13 AM
http://www.businesswire.com/news/home/20220929005669/en