The global thermoplastic polyolefins (TPO) market is expected to reach USD 3.43 billion by 2020, according to a new study by Grand View Research, Inc. Increasing application scope in automotive and construction sectors of the emerging markets in Asia, especially China and India is expected to be a key growth factor for TPO. High capacity to demand ratio and raw material price fluctuations are expected to be key challenges for market participants. Automotive industry is the largest TPO consumer, accounting for over 75% of total market in 2013. With further research conducted to explore its utility as feedstock and substitution, TPO market volume is expected to grow at a CAGR of 6.4% from 2014 to 2020. Robust growth is also expected for emerging applications such as packaging, construction and healthcare. Access Full Research Report by Grand View Research: http://www.grandviewresearch.com/industry-analysis/thermoplastic-polyolefins-industry Further key findings from the study suggest:
Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/specialty-bio-based-and-water-soluble-polymers Grand View Research has segmented the TPO market on the basis of type, application and region: Global Thermoplastic Polyolefins Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020) • Automotive • Others (Construction, packaging, healthcare) Thermoplastic Polyolefins Regional Outlook (Volume, Kilo tons; Revenue, USD Million, 2012 - 2020) • North America • Europe • Asia Pacific • RoW Access press release by Grand View Research: http://www.grandviewresearch.com/press-release/global-thermoplastic-polyolefins About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare. For more information: http://www.grandviewresearch.com
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