New market study on TPO markets -- K Trade Fair


New market study on TPO markets

According to the study the global market for TPOs saw a decline in demand during the recession of 2008-2009 however owing to recovery in automotive industry around the world, the demand for TPOs showed improvements. Automotive represents the largest end use industry for TPOs and the growth of automotive industry is directly proportional to the growth of global TPOs market. According to the study the automotive sector accounted for 75.5 % of total market volume for TPOs in 2013. This is expected to grow at an estimated CAGR of 6.6 % 2014 to 2020. The TPO market in 2013 was dominated by North America in terms of volume with about 37 %. It is followed by Asia Pacific region with 35 % of the market share. Asia Pacific is expected to be the fastest growing market for TPO at an estimated CAGR of 7 % from 2014 to 2020. This can be attributed to the growing automotive markets in the emerging economies of China and India. Europe volume share is estimated to grow at a slower pace with the slowest CAGR of 5.9 % due to its saturated markets. Key companies listed in the study include include Arkema, Chemtura, Dow, ExxonMobil, and Sabic. Other players are LyondellBasell, Spartech Polycom, RheTech, Johns-Manville, Noble Polymers (Cascade Engineering), Shell, A. Schulman, RTP, Sumitomo, Zylog, etc.