Rotomoulding Powder Market Growth & Forecast

Market Insights

The rotomoulding powder market is estimated to grow from USD 7.04 billion in 2021 to reach USD 21.64 billion by 2028 at an impressive CAGR of 16.97% during the forecast period.

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What is rotomoulding powder?

Rotomoulding is a process used to mold plastic materials in high temperature without the application of any external pressure in the usage of base materials, which include polyethylene, polyamide, and plastisol. Manufacturing companies use rotational casting techniques to manufacture plastic products. Technological advancements are surging towards the adoption of a cost-effective method that is used in manufacturing high-end plastic products.

Market Dynamics

These factors are expected to boost the demand for market in the coming years:

• Booming business opportunities in the automotive, material handling, and construction industries, owing to the superior molding efficiency of rotomoulding powder.
• This delivers exceptional stress-bearing property, improved mold flow, and high-impact resistance.
• Furthermore, surge in demand for hollow plastic products including outdoor playground equipment, storage tanks and containers is capturing wide attention in the industry.

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Key Players

Some of the major players in the market are-

• BASF
• DOW Chemical Company
• Reliance Industries.
• Phychem Technologies
• Matrix Polymers
• D&M Plastics
• EXXON Mobils
• Chevron Philips Chemical Company
• GreenAge Industries
• Eco-Polymers.

Segments Analysis

By Product Type

The market is segmented as polyethylene, PVC plastisol, and others. The polyethylene segment held the largest share of the market in 2021, and is expected to remain dominant during the assessment period. The growth of the segment can be attributed to the properties owned by polyethylene powder, such as excellent moldability and remarkable thermal stability with superior strength. Furthermore, linear low- density polyethylene is estimated to be the fastest-growing sub-segment due to its higher stiffness, exceptional impact strength and strong stress-crack resistant property.

By Application Type

The market is segmented as tanks, containers, automotive, construction, material handling, leisure, toys, and others. The tanks segment held the largest share of the market in 2021, and is expected to remain dominant during the assessment period. Tanks are having dominant share mainly in residential buildings owing to their high durability, high-capacity advantages, which trigger their market growth. In the chemical and oil industries as well, they grab good attention as they offer lightweight benefits along with weight saving advantages.  

Regional Analysis

North America is estimated to be the largest as well as the fastest-growing market for rotomoulding powders during the forecast period. The presence of major plastic manufacturing companies and suppliers in the USA and Canada are driving the North American market. Varied applications and usages of plastics in the USA generate the overall demand for the market.

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On the other hand, in the APAC region developing economies, such as China, Japan, South Korea and India also offer lucrative growth opportunities during the assessment period. Europe is also expected to offer substantial progress opportunities over the assessment period. 

Segmentation

The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The rotomoulding powder market is segmented into the following categories:

By product type:

• Polyethylene
  • Type Analysis: Linear Low-Density Polyethylene, High-Density Polyethylene, Medium-Density Polyethylene, and Low-Density Polyethylene
• PVC Plastisol
• Others        
  • Type Analysis: Nylon, Fluorocarbons, Polystyrenes, and Polyurethanes

By application type:

• Tanks
• Containers
• Automotive
• Construction
• Material Handling
• Leisure
• Toys
• Others
  • Type Analysis: Marine, Industrial, and Medical Products

By Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the dynamics and will enable strategic decision making for the existing players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Customization Option

Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players).
• SWOT analysis of key players (up to 3 players).

Segmentation

• Current market segmentation of any one of the product types by application type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.