Press release
Rotomoulding Powder Market 2024 Global Industry Top Key Players –: Green Age Industries, Broadway Colours, A. Schulman Inc., Pacific Poly Plast, Matrix Polymers
Potential application outlook across automobile industry owing to flame retardant and UV resistant properties will drive the rotomoulding powder market. Increasing demand for automotive components including bumpers, air ducts, crash guards, three-wheeler bodies, engine covers, seating systems fueling propel product adoption rate. Ease of manufacturing and less polluting by-product will also contribute in overall industry development.
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Upsurge in the industrial sector supported by various government policies likely to propel the rotomoulding powder market. Rising necessity for fuel tanks, chemical tanks, material handling products, solid waste management products driving product demand. Key properties including flexibility, seamless construction, double wall products, low cost, foamed products, and easy to vary thickness supporting product application scope.
Surging packaging demand for various consumer products will proliferate the rotomoulding powder market expansion. Easy availability of raw materials, and long-term supply contracts with key distributors will further enhance the business size in the developing countries such as India, China, and Indonesia. Manufacturers are expected to invest in capacity expansion to gain competitive advantage.
High-density polyethylene market is anticipated to witness CAGR over 17% by revenue in the forecast period 2018 to 2024. Increasing films & pipes demand in the agricultural industry, rising usage in manufacturing UV tarpaulins & protective sheets for high quality weather protection, and growing aesthetics importance will propel the rotomoulding powder market growth. Rapid expansion of FMCG industry across Asia Pacific region will further drive demand for high-density polyethylene.
Tanks application is projected to surpass USD 9 billion in the forecast period 2018 to 2024. Surging demand for the septic & water storage tanks particularly in South Africa, China, and India owing to the rapid development in residential & commercial sector will support the industry growth. Ease of handling, low cost and light weight properties will enhance the rotomoulding powder demand for tanks manufacturing.
Material handling application will witness a CAGR over 18% by volume in the forecast period 2018 to 2024. Factors such as convenient goods mobility, flexibility in warehouse operations, reducing excessive downtime fueling rapid technological advancements. Increasing demand for roller conveyer, screw conveyer, magnetic belt conveyer, forklifts, platform truck, and load trolleys across industrial sector will enhance rotomoulding powder market development.
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North America is projected to surpass 5,000 kilotons in the forecast period 2018 to 2024. Ongoing technological advancement across leisure, material handling, and construction equipment?s is anticipated to generate strong product demand across the region. Strong presence of key manufacturing companies and raw material suppliers will also support regional rotomoulding powder market growth over the projected timeframe.
Global rotomoulding powder market key industry players include Green Age Industries, Broadway Colours, A. Schulman Inc., Pacific Poly Plast, Matrix Polymers, Phychem Technologies Pvt. Ltd., Reliance Industries Limited, Du Pont. Other prominent industry players are D&M Plastics, SABIC, Kiel Industries, The Dow Chemical Company, Exxon Mobil, BASF and Lyondell Basell. Business strategies including mergers and acquisitions along with various joint venture opportunities will further strengthen the global presence. For instance, in July 2018, German company BASF SE acquired Advanc3D Materials GmbH and the French firm Setup Performance to gain competitive edge.
Table of Content:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Rotomoulding Powder Industry Insights
Chapter 4. Rotomoulding Powder Market, By Product
Chapter 5. Rotomoulding Powder Market, By Application
Chapter 6. Rotomoulding Powder Market, By Region
Chapter 7. Company Profiles
For More Details about this report: https://www.marketstudyreport.com/reports/rotomoulding-powder-market
Outside scope of this report Owing to the ever-increasing demand for small and heavy industrial material handling containers, the commercialization scale of rotomoulding powder market has been witnessing a marked uptick across the globe in the recent times. A wide range of containers are being built for shipping and material handling such as combined bins and military containers, refrigerated boxes and bulk containers, barrels and drums, and shipment containers. Moreover, rotomoulded eskies and crates are being utilized in transportation of chemicals, liquids, fruits, and vegetables as they do not get corroded like metals or deteriorate like wood.
One of the major factors to have impelled the growth prospects of rotomoulding powder industry is the rising popularity of linear low-density polyethylene (LLDPE) in the past few years. Owing to its higher tensile strength than low-density polyethylene, LLDPE is being used extensively in producing thinner films which has reduced capital costs of manufacturers. Moreover, superior puncture and impact resistance along with excellent toughness of LLDPE has also opened up new application areas. In order to enhance flavors and increase shelf life, these high-performance film structures are being increasingly used in food packaging sector in the recent past. According to reliable estimates, nearly 80% of LLDPE is being currently utilized in making films which are, in turn, deployed in non-food and food packaging sector. Apparently, the transition from food packaged in rigid containers to high-quality flexible packages is proving to be rather instrumental in propelling the overall rotomoulding powder market share in the years ahead.
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