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Rotomoulding Powder Market to derive remarkable returns by 2024 - Global Industry Analysis and Forecast 2018 – 2024 | Reliance Industries Limited, ExxonMobil, LyondellBasell, A. Schulman, Inc., Chevron Phillips Chemical Company, BASF, The Dow Chemical C
Rotomoulding Powder Market
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.
Manufacturing light, strong, corrosion resistant and durable components, whether big or small, is achievable through rotomoulding. Thus, the need for weight reduction in automobile, construction and material handling applications will boost the rotomoulding powder market consumption in the years ahead.
Different types of rotomoulding plastic powders and application scope
1) Plastic material : Polypropylene (PP)
• Characteristics:
- Excellent chemical resistance
- High UV resistance
- Impervious to water
• Application:
Bumpers, chemical tanks, battery boxes, carpet fibers, cable insulation, petrol cans, and bottles
2) Plastic material : Polyurethane (PUR)
• Characteristics:
- Durability
- High flexibility
- High resilience
• Application:
Wheels, tires, foam seating, suspension bushing, cushions, electric potting compounds, gaskets
3) Plastic material: Poly-vinyl-chloride (PVC)
• Characteristics:
- Chemical inertness
- High tensile strength
• Application:
Automotive instrument panels, pipes, doors, chemical tanks, and sheathing of electrical cables
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
• 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
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In-line with the increasing use of plastic parts in automobile applications, leading rotomoulding powder industry contenders including BASF, Borealis AG, and GE plastics have been investing in research and development activities to manufacture materials with eco-friendly properties. The development of biodegradable plastics and lighted PP are some examples depicting the efforts of industry giants toward augmenting the commercialization graph of rotomoulding powder industry.
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.
With the automotive industry becoming more competitive by the day, PP products are likely to witness a huge demand due to their excellent mechanical properties, good abrasion resistance, and lower shrinkage. The ever-increasing PP demand will also favorably propel rotomoulding powder market size over the years ahead.
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.
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.
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
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.
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://headlinenewsnation.com
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