According to a new market report published by Credence Research “Rotomoulding Powder Market Growth, Future Prospects and Competitive Analysis, 2017 – 2025,” the global rotomoulding powder market is expected to reach over US$ 31,504 Mn by 2025, expanding at a CAGR of 16.9% from 2017 to 2025.
Market Insights
Rotomoulding is the process of moulding plastic without the application of pressure. It is one of the most popular process used for the manufacturing of plastic products made of variety of material such as polyethylene including linear low-density polyethylene (LLDPE), high-density polyethylene (HDPE), low-density polyethylene (LDPE), low-density polyethylene (XLPE) and other material such as PVC plastisols; polycarbonate; nylon; polypropylene; fluoropolymers and others. Rotomoulding powder finds application in manufacturing of various consumer products, storage tanks, and automotive components.
Browse the full Rotomoulding Powder Market- Growth, Future Prospects and Competitive Analysis, 2017 – 2025 report at http://www.credenceresearch.com/report/rotomoulding-powder-market
In addition, rotomoulding powder is widely used in manufacturing of various plastic and packaging products. Growing demand for packaging and plastic products for the packaging of various industrial products across the globe is expected to drive the demand for rotomoulding powder over the forecast period (2017-2025). The global rotomoulding powder market is expected to reach US$ 31,504 Mn by 2025, expanding at a CAGR of 18.2% during the forecast period (2017-2025).
Based on material, rotomoulding powder market is categorized into polyethylene, PVC plastisols, polycarbonate, nylon, polypropylene, fluoropolymers and others. In terms of revenue contribution, polyethylene segment accounted for major share of rotomoulding powder market. It accounted for more than 88% market share in 2015. Growing demand for polyethylene products in various applications such as automobile industry, telecom, industrial packaging, etc. is expected to drive the growth of the segment.
Based on applications, the global rotomoulding powder market is categorized into industrial, tanks, transportation, furniture, medical, recreation, decorative and others. In terms of revenue contribution, tanks segment accounted for major share of global rotomoulding powder market. Growing demand for water and septic tanks in especially in China, India and South Africa due to rapid growth in commercial and residential infrastructure is projected to drive the growth of the segment during the forecast period (2017-2025).
The value chain of rotomoudling powder market consists of raw material suppliers, manufacturers, suppliers & distributors and end users. Raw material suppliers are various petrochemical companies providing ethylene and other polymers for the production of the rotomoulding powder such as PE (Polyethylene), PP (Polypropylene), PVC (Poly Vinyl Chloride), Nylon, Fluoropolymers and Others. Most of the manufactures are vertically integrated raw material and rotomoulding powder.
BASF S.E., Broadway Colours, Dow Chemical Company, DuPont, ExxonMobil, Green Age Industries, LyondellBasell, Matrix Polymers, PHYCHEM TECHNOLOGIES PVT. LTD, Reliance Industries Limited, SABIC and TOTAL S.A.are few key manufacturers in rotomoulding powder market.
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Key Trends:
- Wide array of applications for rotomoulding powder
- Growing inclination towards the adoption of rotomoulding powder products due to cost effectiveness and long life cycle
- Asia pacific is expected to register the highest growth rate
- Volatile crude oil prices have a direct impact on raw material prices
- Growing environmental concerns over disposing and recycling of plastic products
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