Rotomoulding Powder Market Growth by Key Players: Green Age Industries, Broadway Colours, Du Pont, Pacific Poly Plast, Matrix Polymers, A. Schulman, Inc. and Phychem Technologies Pvt. Ltd., Reliance Industries Limited

The extensive use of the rotomoulding process across the expanding automotive and construction sectors is certain to drive rotomoulding powder market trends over the ensuing years. As of now, rotomoulding is one of the best-known processes for manufacturing bins, tanks, and highly aesthetic and complex medical products. This is primarily on account of the method’s ability to produce rotomoulded parts with the benefits such as superior strength, corrosion resistance, durability, cost-effectiveness, and shorter production time.

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The growing awareness among the end-users about the benefits of weight reduction is a major factor propelling rotomoulding powder market share, especially across the automotive and medical equipment manufacturing sectors. In accordance, these end-users have attempted to shift focus toward the production of plastics parts, that would favorably impel rotomoulding powder industry share over the years ahead.

Lately, the increasing concerns over the rise in carbon content in the environment have led to most automakers looking forward to increasing the number of plastic components in the vehicle that could lead to an upsurge in vehicle efficiency and decrease in carbon dioxide emissions. In addition, rotomoulded plastic parts have the ability to develop complex geometries with greater design flexibility. In the recently developed automobiles, plastics have been used in many interior and exterior components including headlights, bumpers, safety windows, trunk lids, wheel covers, doors, side view mirrorhousing, grills, and hoods. Driven by the rise in automotive sales across the globe, rotomoulding powder industry size from automotive applications will grow at an annual growth rate of above 17% over 2018-2024.

Leisure applications 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 traveling and changing work days dynamics across the world will propel the rotomoulding powder market size. For instance, in July 2018, a New Zealand e-will managing company, Perpetual Guardian confirmed application of four-day work week after successful trial for 3 months. As per the trial results, staff stress levels lowered by 7%, work-life balance improved significantly by 24%, and leadership & commitment levels improved by 18% and 20% respectively.

Asia Pacific rotomoulding powder market will witness CAGR over 17% by revenue in the forecast period 2018 to 2024. Surging residential & commercial infrastructure owing to the growing population coupled with rising income levels will escalate the product demand in various applications. For instance, as per the PwC report on Emerging Trends in Real Estate in 2018, senior housing accounts for 16%, student housing accounts for 14% and business parks accounts for 14% market share.

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Rotomoulding Powder Market By Product
• Polyethylene
o Linear low-density polyethylene
o High-density polyethylene
o Medium-density polyethylene
o Low-density polyethylene
• PVC plastisol
• Others

Rotomoulding Powder Market By Application
• Tanks
• Containers
• Automotive
• Construction
• Material Handling
• Leisure
• Toys
• Others

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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. For instance, as per the article in Euractiv in May 2018, average emission for new cars will fall 30% under the European Commission’s first light vehicle proposal. Key incentives will be offered to the manufacturers to produce more zero-emission electric vehicles.

Key rotomoulding powder market players include Green Age Industries, Broadway Colours, Du Pont, Pacific Poly Plast, Matrix Polymers, A. Schulman, Inc. and Phychem Technologies Pvt. Ltd., Reliance Industries Limited. Other prominent market players are D&M Plastics, Kiel Industries, BASF, The Dow Chemical Company, SABIC, Exxon Mobil, and Lyondell Basell. Business strategies including mergers and acquisitions coupled with various joint venture opportunities will further strengthen the global presence with strong foothold. For instance, German company BASF SE will complete its USD 1.88 billion acquisition of Solvay SA’s nylon business in 2018.

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