North America Thermoplastic Polyolefin Market: By Application  (Automotive, Buildings & Construction, Home Appliances, Medical, Industrial, Footwear), and Country

North America Thermoplastic Polyolefin Market size was valued at USD 704.24 Million in 2023 and is poised to grow at a significant CAGR of 6.4% over 2024-2030. Increasing demand from end use industries such as aerospace, automotive, construction and medical will boost North America market size. Trend to replace polyvinyl chloride with TPO across various sectors owing to rising environmental concerns will fuel market growth. Demand will also be supported by advancements in terms of functionalities such as durability, economical, lightweight, admirable abrasion resistant, UV light stabilizer & antioxidants to resist solar UV radiation and oxidation. It holds properties of both plastic and rubber. It is preferred in regions of extreme weather conditions as it protects the metal and non-metal parts exposed to severe heat. Growth in construction output tends to contribute towards North America Thermoplastic polyolefin industry demand as it finds applications in commercial & residential roofing. This can be attributed to its properties like weathering resistance and cold temperature flexibility. TPO roofing systems provide vital reflectivity and energy efficiency well as strong resistance to ultraviolet radiations. Hence usage of TPO in roofing systems reduces the heat gains of building. Technological challenges along with oscillating raw material costs, however, can impede the North America Thermoplastic polyolefin market during the forecast timeline.