Rotomoulding Powder Market driven by rapid expansion in construction and packaging industries

The Rotomoulding Powder Market is set to grow from its current market value of more than USD 6 billion to over USD 29 billion by 2024; as reported in the latest study by Global Market Insights.

14 Nov 2018 | By PrintWeek India

Positive application outlook across automobile industry owing to the key properties including flame retardant and UV resistant will propel the rotomoulding powder market size. Factors such as ease of manufacturing and less polluting by product during manufacturing will support the product adoption rate.

Rotomoulding powder is a widely used process for the manufacturing of various packaging and plastic products. Surging demand in the packaging industry for various industrial products will proliferate rotomoulding powder market expansion. Easy availability of raw materials, and long term supplier contracts from the domestic material manufacturers will further enhance the business size in the developing countries such as India, China, and Indonesia.

Rotomoulding Powder Market

Key rotomoulding powder benefits includes flexibility, seamless construction, double wall products, foamed products, low cost, and easy to vary thickness. Upsurge in the industrial sector supported by various government policies will propel the product penetration in the rotomoulding powder market. For instance, in India, growing government emphasis on development in agriculture, health and sanitation, and infrastructure will foster tremendous potential & opportunities for the rotomoulding powder market revenue.

Linear low-density polyethylene market is projected to witness CAGR over 17% by volume in the forecast period 2018 to 2024. Several applications including automotive components, insulated containers, and tanks will drive the product portfolio growth. Key properties such as high strength at low temperatures, corrosion resistant, and crack resistance will be an impetus for the rotomoulding powder market expansion.

Tanks application is projected to surpass 6000 kilo tons in the forecast period 2018 to 2024. Surging demand for the septic and water storage tanks notably in India, China, and South Africa owing to the rapid developments in residential & commercial sectors will proliferate the rotomoulding powder market growth.

Leisure application is anticipated to witness a CAGR over 18% by revenue in the forecast period 2018 to 2024. Rapid expansion in tourism and recreational industry owing to the shifting trends towards travelling and changing work days dynamics across the world will propel the rotomoulding powder market size.

Asia Pacific rotomoulding powder market will witness CAGR over 17% by revenue in the forecast period 2018 to 2024. Surging residential and commercial infrastructure owing to the growing population coupled with rising income levels will escalate the product demand in various applications.

Europe rotomoulding powder market accounted over USD 2 billion in 2017. Rapid growth of the electric vehicles segment in the automotive industry owing to the increasing environment conservation concerns will propel the rotomoulding powder business growth.

Key rotomoulding powder market players include Green Age Industries, Broadway Colours, Du Pont, Pacific Poly Plast, Matrix Polymers, A Schulman and Phychem Technologies, Reliance Industries. Other prominent market players are D&M Plastics, Kiel Industries, BASF, The Dow Chemical Company, SABIC, Exxon Mobil, and Lyondell Basell.   

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