San Francisco, California (PRWEB) May 29, 2014
The global market for thermoplastic polyolefins (TPO) 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.
The report “Thermoplastic Polyolefins (TPO) Market Analysis And Segment Forecasts To 2020,” is available now to Grand View Research customers at http://www.grandviewresearch.com/industry-analysis/thermoplastic-polyolefins-industry.
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Further key findings from the study suggest:
Browse all Specialty Polymers Market Reports available at Grand View Research @ http://www.grandviewresearch.com/industry/specialty-bio-based-and-water-soluble-polymers.
For the purpose of this study, Grand View Research has segmented the TPO market on the basis of type, application and region:
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Grand View Research, Inc. is a market research and consulting company that provides off-the-shelf, 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 energy. With a deep-seated understanding of varied business environments, Grand View Research provides strategic objective insights. For more information, visit http://www.grandviewresearch.com/.
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