Increasing application scope in automotive and construction sectors of the emerging markets in Asia, especially China and India is expected to be a key growth factor for TPO. High capacity to demand ratio and raw material price fluctuations are expected to be key challenges for market participants. The Global Thermoplastic Polyolefins (TPO) Market is expected to reach USD 3.43 billion by 2020, according to a new study by Grand View Research, Inc. Automotive industry is the largest TPO consumer, accounting for over 75% of total market in 2013. With further research conducted to explore its utility as feedstock and substitution, TPO market volume is expected to grow at a CAGR of 6.4% from 2014 to 2020. Robust growth is also expected for emerging applications such as packaging, construction and healthcare. Automotive was the most dominant application for TPO as the segment accounted for 75.48% of total market volume in 2013 and is estimated to grow at a CAGR of 6.6% till 20