Thermoplastic Polyolefin Membranes Market by Application and Geography - Forecast and Analysis 2022-2026

The thermoplastic polyolefin membranes market share is expected to increase by USD 503.96 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.09%.

This thermoplastic polyolefin membranes market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers thermoplastic polyolefin membranes market segmentation by application (residential and commercial) and geography (APAC, North America, Europe, South America, and Middle East and Africa). The thermoplastic polyolefin membranes market report also offers information on several market vendors, including ARDEX GmbH, Aditya Profiles Pvt. Ltd., Arkema SA, BASF SE, Berkshire Hathaway Inc., Carlisle Companies Inc., CHINA GWELL MACHINERY Co. Ltd., Dow Inc., Exxon Mobil Corp., Filtration Group Corp., GAF Materials LLC, GreenShield, Koster Bauchemie AG, LafargeHolcim Ltd., LANXESS AG, RPM International Inc., SABIC, Sika AG, SOPREMA SAS, and T and G Roofing and Solar Co. among others.

What will the Thermoplastic Polyolefin Membranes Market Size be During the Forecast Period?

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Thermoplastic Polyolefin Membranes Market: Key Drivers, Trends, and Challenges

The strong demand from the automotive industry is notably driving the thermoplastic polyolefin membranes market growth, although factors such as the impact of COVID-19 may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the thermoplastic polyolefin membranes industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Thermoplastic Polyolefin Membranes Market Driver

The strong demand from the automotive industry is one of the key drivers supporting the thermoplastic polyolefin membranes market growth. The total disposable incomes of Indian households have been increasing since 2018. Increasing disposable incomes and the rising number of affordable cars launched by original equipment manufacturers are increasing the demand for passenger cars in India. The passenger car market in India is smaller than that in other emerging countries such as China, Brazil, and South Korea. Hence, an increase in the demand for automobiles, especially from emerging countries, is expected to boost the growth of the thermoplastic polyolefin (TPO) membranes market during the forecast period.

Key Thermoplastic Polyolefin Membranes Market Trend

Recycling of TPO membranes is one of the key trends contributing to the thermoplastic polyolefin membranes market growth. TPO are 100% recyclable. Manufacturers of TPO conduct workshops to educate the contractors and building owners about the benefits of recycling TPO membranes for roofs. These roofs reduce the carbon footprint and are environmentally friendly. Recycling TPO membranes prevents accumulation in landfills and helps building owners save money on waste removal. Moreover, thermoplastics can be melted, purified, and re-extruded and are thus used to recycle TPO membranes that can be further used to produce new roof membranes. An increasing number of manufacturers prefer TPO recycling due to its cost benefits. Such beneficial attributes are driving the thermoplastic polyolefin membranes market growth.

Key Thermoplastic Polyolefin Membranes Market Challenge

The impact of COVID-19 is one of the factors hindering the thermoplastic polyolefin membranes market growth. For instance, according to the data published by the Centers for Disease Control and Prevention (CDC), as of May 13, 2020, the total number of people diagnosed with COVID-19 and deaths associated with this disease were 1,364,061 and 82,246, respectively, in the US. This led to nationwide lockdowns and the shutdown of automobile stores, resulting in declining automobiles sales. However, the roofing industry has witnessed a major downfall during the COVID-19 pandemic. Roofing contractors have faced difficulty visiting construction sites due to travel restrictions and lockdowns. Also, it has witnessed major sourcing interruptions due to the supply-demand imbalance. Such challenges are negatively impacting the thermoplastic polyolefin (TPO) membranes market growth during the forecast period.

This thermoplastic polyolefin membranes market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global thermoplastic polyolefin membranes market as a part of the global building products market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the thermoplastic polyolefin membranes market during the forecast period.

Who are the Major Thermoplastic Polyolefin Membranes Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• ARDEX GmbH
• Aditya Profiles Pvt. Ltd.
• Arkema SA
• BASF SE
• Berkshire Hathaway Inc.
• Carlisle Companies Inc.
• CHINA GWELL MACHINERY Co. Ltd.
• Dow Inc.
• Exxon Mobil Corp.
• Filtration Group Corp.
• GAF Materials LLC
• GreenShield
• Koster Bauchemie AG
• LafargeHolcim Ltd.
• LANXESS AG
• RPM International Inc.
• SABIC
• Sika AG
• SOPREMA SAS
• T and G Roofing and Solar Co.

 

This statistical study of the thermoplastic polyolefin membranes market encompasses successful business strategies deployed by the key vendors. The thermoplastic polyolefin membranes market is fragmented and the vendors are deploying growth strategies such as brand recognition, type of panel, capacity, energy efficiency, performance, and price to compete in the market.

Product Insights and News

• ARDEX GmbH - The unified segment offers products such as tile and stone, substrate preparation, flooring adhesives, concrete repair and screeds, among others. 
• ARDEX GmbH - The company offers thermoplastic polyolefin membranes such as WPM 612 FL TPO and WPM 615 FL TPO roofing membranes. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The thermoplastic polyolefin membranes market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Thermoplastic Polyolefin Membranes Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the thermoplastic polyolefin membranes market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Thermoplastic Polyolefin Membranes Market?

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42% of the market's growth will originate from APAC during the forecast period. China and India are the key markets for the thermoplastic polyolefin membranes market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The growing population will facilitate the thermoplastic polyolefin membranes market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In early 2020, the COVID-19 pandemic spread widely across APAC, especially in China, India, and South Korea. However, in early 2021, lockdowns were lifted following a gradual decrease in the number of COVID-19 cases. This led to the reopening of factories, industries, and manufacturing units and the resumption of regular operations, such as construction activities. Such factors will positively impact the growth of the regional TPO membranes market during the forecast period.

What are the Revenue-generating Application Segments in the Thermoplastic Polyolefin Membranes Market?

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The thermoplastic polyolefin membranes market share growth by the residential segment will be significant during the forecast period. Rapid urbanization and the increasing number of manufacturing hubs have led to a rise in construction activities. Moreover, improvement in the standard of living has accelerated the demand for basic infrastructure in residential areas. Furthermore, APAC is the major contributing region to the global construction market. The construction industry in this region is likely to drive the demand for TPO membranes during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the thermoplastic polyolefin membranes market size and actionable market insights on post COVID-19 impact on each segment.

 

Thermoplastic Polyolefin Membranes Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 5.09%
Market growth 2022-2026	$ 503.96 million
Market structure	Fragmented
YoY growth (%)	3.52
Regional analysis	APAC, North America, Europe, South America, and Middle East and Africa
Performing market contribution	APAC at 42%
Key consumer countries	US, China, India, Germany, and UK
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	ARDEX GmbH, Aditya Profiles Pvt. Ltd., Arkema SA, BASF SE, Berkshire Hathaway Inc., Carlisle Companies Inc., CHINA GWELL MACHINERY Co. Ltd., Dow Inc., Exxon Mobil Corp., Filtration Group Corp., GAF Materials LLC, GreenShield, Koster Bauchemie AG, LafargeHolcim Ltd., LANXESS AG, RPM International Inc., SABIC, Sika AG, SOPREMA SAS, and T and G Roofing and Solar Co.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Thermoplastic Polyolefin Membranes Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive thermoplastic polyolefin membranes market growth during the next five years
• Precise estimation of the thermoplastic polyolefin membranes market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the thermoplastic polyolefin membranes industry across APAC, North America, Europe, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of thermoplastic polyolefin membranes market vendors

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