Thermoplastic Polyolefins (TPOs) consist of tiny proportions of polyethylene, polypropylene, filler and rubber. The characteristic features of thermoplastic polyolefins depend hugely on the allocation and volume of the micro-arrangement. Thermoplastic elastomers are polymers and are processed like thermoplastic substances. Thermoplastic polyolefins are a kind of thermoplastic elastomers. The worldwide thermoplastic polyolefins market will achieve a size of more than 3 billion by 2020 and will rise at a CAGR of more than 6 percent from 2014 to 2020.
Thermosplastic polyolefins are processed through different methods. These methods include profile extrusion, injection molding and thermoforming. Thermoplastic polyolefins are mostly injection molded in to the required article. Thermoforming and profile extrusion are used relatively more in the process. TPOs can be manufactured by making use of regular thermoplastic equipments. Their increasing use with respect to construction and automotive industries, particularly in India and China is estimated to be a vital aspect, boosting their growth.
Uses and Features of TPOs
Thermoplastic polyolefins are used for different purposes. They are used in construction, automotive devices, electronics and medical end user products. Owing to their not deteriorating because of exposure to solar radiations and being resistant to all kinds of weather conditions, they are frequently used for outdoor purposes. They are also water resistant, strong and supple, due to which, they are broadly used in building roofs. Thermoplastic polyolefins also find their use in automotives. They are used in the inside and outside portions of vehicles. They are more eco-friendly than polyvinyl chloride (PVC) and can take their place with regard to the inside portions of automotives. Thermoplastic polyolefins can also be used as a substitute to steel, aluminium and compounds and recycled.
On getting heated, thermoplastic substances liquefy and display plastic characteristics. These substances are generally found in the shape of pellets and when exposed to heat, turn into liquid and become softer. Processing and molding of these substances is simple, owing to this aspect. TPO is available at reasonable rates, when compared to other thermoplastic elastomers. These rates will affect the thermoplastic polyolefins market positively in the future. The market has seen a decrease in the demand for thermoplastic polyolefins due to recession in 2009. But, the demand for PTO has increased in the recent years due to recovery of the automotive and infrastructure industries. Unstable prices of feedstock have had an impact on the profit margins of producers, which may prevent the thermoplastic polyolefins market from growing further.
The automative industry is the biggest client base of TPO and made up for more than 75 percent of the entire thermoplastic polyolefins market in 2013. Automotives dominated the applications sector in the same year and will grow till 2020, at an expected CAGR of more than 6 percent. Other applications, like construction, packaging, etc made up for more than 24 percent of the size of the thermoplastic polyolefins market in 2013.
North America dominated the thermoplastic polyolefins market in 2013 and accounted for 37 percent of the share. Asia Pacific followed North America and accounted for 35 percent of the share that year. The link, http://www.grandviewresearch.com/industry-analysis/thermoplastic-polyolefins-industry can be used for further reference with regard to knowing more about the thermoplastic polyolefins market.