The Global Automotive Thermoplastic Polyolefin Elastomers (TPO/POE) Market was valued at USD 6.84 Billion in 2025 and is projected to reach USD 11.56 Billion by 2034, growing at a Compound Annual Growth Rate (CAGR) of 5.9% during the forecast period (2024–2034). This growth is being driven by increasing vehicle production, stringent emission regulations, and the accelerating adoption of lightweight materials solutions across passenger, commercial, and electric vehicle sectors.

As the automotive industry transforms toward electrification and sustainable manufacturing, the spotlight is on the key material suppliers who are driving innovation, efficiency, and material science advancements. In this blog, we profile the Top 10 Companies in the Automotive Thermoplastic Polyolefin Elastomers Industry—a mix of chemical giants, specialized compounders, and material innovators shaping the future of global automotive components.

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🔟 1. Dow Inc.

Headquarters: Midland, Michigan, USA
Key Offering: ENGAGE™ Polyolefin Elastomers, VERSIFY™ Elastomers

Dow is a global leader in plastics and material science, offering a comprehensive portfolio of polyolefin elastomers tailored for automotive applications. Their materials are used in interior and exterior parts, soft-touch surfaces, and components requiring impact resistance and weatherability.

Innovation Initiatives:

• Development of advanced POEs for lightweighting and noise reduction

• Strategic partnerships with major automotive OEMs and Tier-1 suppliers

• Committed to circular economy goals with recycled content initiatives

Download FREE Sample Report: Automotive Thermoplastic Polyolefin Elastomers Market – View in Detailed Research Report

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9️⃣ 2. LyondellBasell Industries

Headquarters: Rotterdam, Netherlands
Key Offering: Adflex® Polypropylene, Hifax® TPO Compounds

LyondellBasell is one of the world’s largest plastics, chemicals, and refining companies, providing high-performance TPO compounds for automotive exterior and interior applications. Their materials are known for excellent stiffness-to-impact balance and processability.

Innovation Initiatives:

• Expansion of advanced TPO production capacity in Europe and North America

• Development of sustainable solutions with recycled content

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8️⃣ 3. ExxonMobil Chemical

Headquarters: Houston, Texas, USA
Key Offering: Vistamaxx™ Performance Polymers, Exact™ Plastomers

ExxonMobil Chemical offers a range of specialty elastomers that enhance the performance of polypropylene compounds used in automotive applications. Their products improve impact strength, flexibility, and softness in TPO formulations.

Innovation Initiatives:

• Focus on materials that enable thinner, lighter parts without compromising performance

• Investment in advanced polymer technology centers globally

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7️⃣ 4. Mitsui Chemicals, Inc.

Headquarters: Tokyo, Japan
Key Offering: Tafmer™ Polyolefin Elastomers

Mitsui Chemicals is a leading supplier of high-performance polyolefin elastomers, particularly strong in the Asia-Pacific automotive market. Their Tafmer™ products are widely used in bumper fascias, interior trim, and under-the-hood applications.

Innovation Initiatives:

• Development of high-heat resistant grades for demanding applications

• Strategic focus on electrification and autonomous vehicle materials

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6️⃣ 5. HEXPOL AB

Headquarters: Malmö, Sweden
Key Offering: TPE Compounding Solutions, Custom Formulations

HEXPOL is a global leader in polymer compounding, offering customized thermoplastic elastomer solutions for automotive applications. Their expertise spans TPOs, TPVs, and other specialty compounds for sealing systems and interior components.

Innovation Initiatives:

• Global manufacturing footprint with regional technical support centers

• Focus on sustainable material solutions and recycling technologies

Download FREE Sample Report: Automotive Thermoplastic Polyolefin Elastomers Market – View in Detailed Research Report

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5️⃣ 6. Celanese Corporation

Headquarters: Irving, Texas, USA
Key Offering: Hostaform® POM, Celstran® LFT

Celanese is a global chemical and specialty materials company that produces engineered materials for automotive applications. While known for engineering thermoplastics, they provide compounds and alloys that complement TPO usage in automotive systems.

Innovation Initiatives:

• Development of high-performance materials for electrification

• Global technical service and application development support

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4️⃣ 7. Borealis AG

Headquarters: Vienna, Austria
Key Offering: Daplen™ TPO Compounds

Borealis is a leading provider of innovative solutions in the fields of polyolefins and base chemicals. Their Daplen™ TPO compounds are specifically designed for automotive exterior and interior applications, offering excellent impact strength and processing characteristics.

Innovation Initiatives:

• Strong focus on circular economy solutions and recycled content

• Expansion of advanced compounding capabilities in Europe

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3️⃣ 8. Ravago Holdings

Headquarters: Luxembourg, Luxembourg
Key Offering: Compounded TPOs, Distribution Services

Ravago is one of the world’s largest distributors and compounders of plastics, offering a wide range of TPO compounds for automotive applications. Their global distribution network provides material solutions to automotive manufacturers worldwide.

Innovation Initiatives:

• Extensive recycling and compounding capabilities

• Global supply chain optimization for automotive customers

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2️⃣ 9. SABIC

Headquarters: Riyadh, Saudi Arabia
Key Offering: SABIC® PP Compounds

SABIC is a global leader in diversified chemicals, offering polypropylene compounds that compete with and complement TPO applications in automotive interiors, exteriors, and under-the-hood components.

Innovation Initiatives:

• Development of lightweight solutions for electric vehicles

• Investment in circular economy and sustainable material solutions

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1️⃣ 10. LCY Chemical Corp.

Headquarters: Taipei, Taiwan
Key Offering: Polyolefin Elastomers, TPE Compounds

LCY Chemical is a leading global producer of synthetic rubbers, plastics, and specialty chemicals. Their polyolefin elastomers and thermoplastic elastomer compounds serve automotive applications across Asia and global markets.

Innovation Initiatives:

• Expansion of production capacity for high-performance elastomers

• Focus on developing materials for next-generation vehicles

Get Full Report Here: Automotive Thermoplastic Polyolefin Elastomers Market – View in Detailed Research Report

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🌍 Outlook: The Future of Automotive TPOs Is Lighter and Smarter

The automotive thermoplastic polyolefin elastomers market is undergoing a dynamic shift. While traditional applications still dominate in volume, the industry is investing significantly in advanced formulations, sustainable materials, and application-specific solutions.

📈 Key Trends Shaping the Market:

• Rapid adoption in electric vehicle platforms for weight reduction

• Development of high-heat resistant grades for under-the-hood applications

• Increasing use of recycled content and bio-based materials

• Automaker-supplier collaboration for application-specific solutions

Get Full Report Here: Automotive Thermoplastic Polyolefin Elastomers Market – View in Detailed Research Report

The companies listed above are not only supplying materials for global automotive production—they’re spearheading the lightweight transition of modern vehicles.