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$29 Bn in Rotomoulding Powder Market with CAGR over 17% up to 2024 - Global Industry Analysis and Forecast 2018 – 2024 | Reliance Industries Limited, ExxonMobil, Chevron Phillips Chemical Company, BASF, The Dow Chemical Company, LyondellBasell, A. Schul
Rotomoulding Powder Market
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Rotomoulding powder is a widely used process for the manufacturing of various packaging & plastic products. Surging demand in the packaging industry for various industrial products will proliferate the 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 By Product
• Polyethylene
• Linear low-density polyethylene
• High-density polyethylene
• Medium-density polyethylene
• Low-density polyethylene
• PVC plastisol
• Others
Rotomoulding Powder Market By Application
• Tanks
• Containers
• Automotive
• Construction
• Material Handling
• Leisure
• Toys
• Others
Rotomoulding Powder Market size is estimated to surpass USD 29 billion by 2024; according to a new research report by Global Market Insights, Inc. 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.
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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 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.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. BASF
2. The Dow Chemical Company
3. Reliance Industries Limited
4. PHYCHEM TECHNOLOGIES PRIVATE LIMITED
5. Matrix Polymers
6. D&M Plastics, LLC
7. ExxonMobil
8. Chevron Phillips Chemical Company
9. GreenAge Industries
10. ECO Plastics Recycling Ltd.
11. Perfect Poly Plast - India
12. LyondellBasell
13. Petrotech Inc
14. Pinaxis Poly Plast LLP
15. Broadway Colours Ltd
16. A. Schulman, Inc.
Browse key industry insights report, Rotomoulding Powder Market in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/rotomoulding-powder-market
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 & 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.
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.
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Blog: http://technologymagazine.org
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