Polyolefin thermoplastic elastomers (TPO) have broad application prospects and the global market supply and demand are relatively balanced.

From the perspective of global market segments, cTPO currently accounts for the highest consumption in the market, followed by rTPO. In terms of supply, there are many TPO suppliers and market competition is intensifying. Among them, cTPO suppliers include DuPont, Mitsui Chemicals, LyondellBasell, LG Chemical, etc., and rTPO suppliers include LyondellBasell, Ineos, and Mitsubishi Chemical. , ExxonMobil, etc. TPV suppliers include Mitsui Chemicals, Celanese, PolyOne, etc.

From the perspective of the domestic market, my country has now achieved industrialized production of TPO. In 2021, my country’s TPO industry output will be approximately 500,000 tons, and consumption will be approximately 700,000 tons. In market segments, cTPO has basically achieved domestic supply. In contrast, the self-sufficiency rate of rTPO and TPV is still low, with the self-sufficiency rate of rTPO being less than 38.0%.

Domestically, TPO manufacturers include Kingfa Technology, Dawn Co., Ltd., Sino-Korean Petrochemical (Wuhan), Nanjing Jinling Oput, Dalian Kemeng, etc. Among them, Kingfa Technology is the largest cTPO supplier in China, and Dawn Co., Ltd. is the largest domestic cTPO supplier. TPV supplier. my country is a major automobile production and sales country, and the consumer goods and electronics markets are huge. As my country’s economy continues to grow, the TPO market demand will continue to increase. It is expected that in the next five years, my country’s TPO market will grow at a rate higher than the global average.

Industry analysts said that the global TPO market supply and demand are relatively balanced. Compared with overseas markets, my country’s TPO market has a low development level and high-end TPO Supply capacity is insufficient and demand still relies on imports. TPO is one of the ideal materials for automobile lightweighting. Under the background of automobile lightweight development, the TPO market has broad development prospects. In the future, domestic enterprises can enhance their competitiveness and compete for more market share by increasing investment in R&D, expanding production scale, and expanding terminal application scenarios.