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Global Rotomoulding Powder Market Top Key Industry Players: BASF, Dow Chemical Company, Reliance Industries, Phychem Technologies, Matrix Polymers, D&M Plastics, Exxon Mobils, Chevron Phillips Chemical Company, GreenAge Industries, Lyondell Basell, Broadw
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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.
Tanks application is projected to surpass 6000 kilo tons in the forecast period 2018 to 2024. Surging demand for the septic & 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. Key features of rotomoulding powder including easy availability and improved properties will enhance the demand in the tanks production process.
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.
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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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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.
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.
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