Thermoplastic Polyolefin Market Projected to Reach $7.3 Billion by 2028

Thermoplastic Polyolefin Market Projected to Reach $7.3 Billion by 2028
Browse 225 market data Tables and 44 Figures spread through 219 Pages and in-depth TOC on “Thermoplastic Polyolefin Market”
Thermoplastic Polyolefin Market by Type (In Situ TPO, Compounded TPO, POEs), Application (Automotive, Building & Construction, Medical, Wire and Cables), Region (North America, Europe, APAC, MEA, South America) – Global forecast to 2028

The Thermoplastic polyolefin Market is projected to reach USD 7.3 billion by 2028, at a CAGR of 6.0% from USD  5.4 billion in 2023. The market growth is driven by factors such as rapid urbanization and durability, lightweight and global cost effective. The use of thermoplastic polyolefin in automotive industry for for interior and exterior components, such as bumpers, door panels, and dashboards is pushing the demand for thermoplastic polyolefin globally.

Download PDF Brochure: 

The key players in this market are DOW (US), Mitsui Chemical, Inc. (Japan), Exxon Mobil Corporation (Texas), SABIC (Saudi Arabia), Sumitomo Chemicals Co., Ltd. (Japan), LyondellBasell Industries N.V. (Texas), Ineos Group Holdings SA (Switzerland), Borealis AG (Austria), Formosa Plastic Corporation (Taiwan), RTP Company (US). These companies are strong in their home regions and explore geographic diversification alternatives to grow their businesses. They focus on increasing their market shares through new product launches and other expansions.

The Asia-Pacific thermoplastic polyolefin market is projected to grow at a 7.6% CAGR from 2023 to 2028. With key players in China, Japan, India, and South Korea, the region, led by China, dominated the market in 2022. Asia-Pacific’s diverse industrial base, including automotive, construction, and furniture sectors, fuels the frequent use of polyurethane materials. As the region modernizes its infrastructure, the demand for polyurethane products, and subsequently polyurethane catalysts, is expected to rise.


Founded in 1897 and headquartered in Midland, Michigan, The Dow Chemical Company, known as Dow, is a globally recognized multinational corporation. Dow operates in multiple key business segments, including Performance Materials and coatings, specializing in products like polyurethanes, elastomers, and industrial coatings; Industrial Intermediates & Infrastructure, offering a diverse range of chemicals for consumer and industrial applications; and Packaging & Specialty Plastics, playing a pivotal role in the plastics industry with high-performance resins and films. As a publicly-traded company listed on the New York Stock Exchange (NYSE) under the ticker symbol “DOW,” Dow continues to emphasize sustainability and innovation in its products and solutions, striving to address environmental and societal challenges while maintaining a strong global presence. DOW has established a widespread geographic presence, with operations spanning across regions and continents. The company’s global footprint enables it to serve a diverse range of markets and customers. DOW presence extends to North America, Europe, Asia Pacific, and other parts of the world. The company operates numerous production sites, research and development facilities, and offices in key locations, ensuring its ability to deliver products and solutions to customers around the globe.

Inquiry Before Buying:  


SABIC (Saudi Basic Industries Corporation) is a globally renowned chemical manufacturing company headquartered in Riyadh, Saudi Arabia. SABIC is one of the largest diversified chemical companies in the world and is a key player in the petrochemical industry. The company was founded in 1976 and is majority-owned by the Saudi Arabian government. SABIC’s business operations encompass a wide range of chemical and petrochemical products, including plastics, chemicals, agri-nutrients, metals, and specialties. The company is known for its innovative materials and solutions that are used in various industries, such as automotive, construction, packaging, healthcare, and electronics, among others. SABIC has a significant global presence with manufacturing facilities and offices in numerous countries, making it a major contributor to the global chemical industry.

Read Our Trending Press Release Below:

Liquid Adhesives Market

Ethylene Vinyl Acetate Market

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

Media Contact
Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States