Benefiting from the resumption of growth in automobile production and sales, the domestic reinforced and toughened polypropylene material (TPO) industry has developed rapidly

Reinforced and toughened polypropylene material (TPO) is a modified polypropylene material that has the properties of green and environmentally friendly, non-toxic and harmless, long-lasting plasticity, high mechanical strength, and recyclability. TPO has a high application demand in the automobile industry, especially in the field of automobile bumpers. In recent years, my country’s automobile production and sales have gradually recovered, and the automobile industry has gradually developed in the direction of lightweighting, so TPO application prospects are good.

There are currently about 30 domestic TPO manufacturers, with an annual output of about 980,000 tons. In terms of application, the automotive industry has a high demand for TPO, accounting for about 85%, followed by the home appliance field, accounting for 12%. In the automobile industry, TPO has a high demand for application in automobile bumpers, instrument panels, and door panels. In the future, due to the digital development of instrument panels, the demand for TPO applications in instrument panels will decrease. In terms of application models, TPO is mainly used in cars and SUV models, of which car demand accounts for more than 65%.

According to the“China’s Reinforced and Toughened Polypropylene Materials (TPO) Industry Application Market Demand and Development Opportunities Research Report 2021-2026” released by the Industrial Research Center It shows that benefiting from the support of new energy policies in recent years, my country’s automobile production and sales have rebounded, and under the trend of lightweighting, the demand for TPO applications continues to rise. In 2020, the demand for TPO applications in the field of automobile bumpers will reach 320,000 tons. According to the current development trend of the automobile industry, the demand for TPO in automobile bumpers is expected to reach 460,000 tons by 2030.

In the first half of 2021, automobile production and sales resumed a growth trend, with production and sales of 12.569 million units and 12.891 million units respectively, a year-on-year increase of 24.2% and 25.6%. Among them, the cumulative production and sales of sedans were 4.551 million and 4.643 million units, and the cumulative production and sales of SUVs were 4.551 million and 4.643 million units, respectively. 4.635 million vehicles and 4.731 million vehicles. my country’s automobile production and sales have resumed growth, and sedan and SUV models have also maintained a stable trend, driving the TPO market demand to continue to rise. It is expected that the demand for TPO in the automotive industry will reach 1.5 million tons by 2030, and the total TPO demand in 2030 will reach 2.4 million tons.

From the perspective of the long-term development of the TPO industry, the application of TPO in automobile dashboards and door panels may be replaced by LFT in the future. However, in the short term, due to technical and cost factors, the demand for TPO applications is still high. In terms of application, there is a risk of TPO being replaced in the automotive field, but the demand for TPO applications in the home appliance field will continue to rise in the future. But in the short term, the rapid development of the new energy vehicle industry is the main driving force for the growth of domestic TPO market demand.

Industrial analysts said that TPO is one of the high-end polypropylene products. It is mainly used in the automotive industry and has been favored by the public in recent years. Domestic automobile production and sales have resumed growth, TPO application demand continues to rise, and the industry development prospects are good. In the long term, TPO may be replaced, but in the short term, the TPO industry has great development prospects. The demand for TPO in the home appliance field may show a growth trend in the future, but the main body of market demand is still the automobile industry.