Opportunities in Rotomolding Market Growth and Analysis by 2031
๐๐จ๐ญ๐จ๐ฆ๐จ๐ฅ๐๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ: ๐๐ง๐ญ๐ซ๐จ๐๐ฎ๐๐ญ๐ข๐จ๐งTransparency Market Research delivers key insights on the global rotomolding market. In terms of revenue, the global rotomolding market is estimated to expand at a CAGR of 5.9% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecast in its report on the global rotomolding market.
๐๐๐ญ ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ญ๐๐ข๐ฅ๐ฌ -https://www.transparencymarketresearch.com/rotomolding-market.html
The global rotomolding market is broadly affected by several factors, including rise in usage of rotomolding in the building & construction sector. Thus, increase in applications of rotomolding in different sectors is propelling the global rotomolding market.
๐๐จ๐ญ๐จ๐ฆ๐จ๐ฅ๐๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ: ๐๐ฒ๐ง๐๐ฆ๐ข๐๐ฌ
The global population is estimated to increase from 6.4 billion in 2005 to 8.2 billion by 2031. Increasing population and rapid urbanization in developing countries have put significant pressure on natural resources. The global population is not only growing, but it is rapidly migrating from rural areas to urban areas. This is creating water issues. Proper water conservation with water storage tanks is required for the sustainable development of mankind.
๐๐๐ญ ๐๐๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ซ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐๐ง๐ ๐๐ฎ๐ฌ๐ข๐ง๐๐ฌ๐ฌ ๐๐ง๐ญ๐๐ฅ๐ฅ๐ข๐ ๐๐ง๐๐ -https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=69095
According to the information published by Reliance Industries Limited (RIL), a leading manufacturer of polyethylene and polypropylene resin, around 95% of rotomolders in India depend on the water tanks segment, which constitutes 80% share of the rotomolding industry in India.
More than 200 rotomolders operate across India. These consume 70 kilo tons of different grades of polymers per annum. Rise in awareness and access to the global market have prompted India-based rotomolders to manufacture custom-made/industrial products such as fuel tanks, chemical tanks, material handling products, and solid waste management products. As per the RIL report, annual growth rate of the rotomolding industry in India stands at around 20%. This is likely to continue due to a scarcity of water and increase in building and construction activities in the country.
๐๐๐ค๐ ๐๐ง ๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ -https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=69095
Governments of countries such as Bahrain, India, Kingdom of Saudi Arabia, and the UAE are planning to build homes to cater to the housing needs of the increasing population. Rise in housing construction activities and water scarcity in these countries is boosting the demand for water storage tanks for residential applications. This, in turn, is anticipated to boost the demand for rotomolding.
๐๐จ๐ญ๐จ๐ฆ๐จ๐ฅ๐๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ: ๐๐ซ๐จ๐ฆ๐ข๐ง๐๐ง๐ญ ๐๐๐ ๐ข๐จ๐ง๐ฌ
Asia Pacific dominated the global rotomolding market, accounting for 51.50% share in 2020. The expansion of the rotomolding market in the region can be ascribed to low price of rotomolding as compared to that in other regions. The rise in population in Asia Pacific is fueling the demand for housing facilities, especially in China and India. This, in turn, is driving the demand for rotomolded water tanks in the region.
Market share held by North America is estimated to increase by 0.2% by 2031, owing to the increase in regulations on the manufacture of rotomolded plastics in the region. Market share held by Latin America and Middle East & Africa is anticipated to decline by 2031, due to the presence of less number of rotomolders in these regions compared to that in other regions.
๐๐จ๐ญ๐จ๐ฆ๐จ๐ฅ๐๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ: ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ
The global rotomolding market was highly fragmented in 2020. Tier 1 companies accounted for 25% to 35% share of the rotomolding market in 2020. Tier 1 companies comprise major players such as A.G. Industries Pvt. Ltd, Dutchland Plastics, Roto Dynamics Inc., and PartnerPlast Group. These players have considerable presence across the globe. Tier 2 companies operating in the rotomolding market include Rototek Ltd., Rotoplast SAS, Carris Pipes & Tubes Private Limited, Fixopan, Sherman Roto Tank, and several small-scale regional players.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ ๐๐๐ฌ๐๐๐ซ๐๐ก -https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=69095
๐๐ฅ๐จ๐๐๐ฅ ๐๐จ๐ญ๐จ๐ฆ๐จ๐ฅ๐๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ: ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง
๐๐จ๐ญ๐จ๐ฆ๐จ๐ฅ๐๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ, ๐๐ฒ ๐๐๐ญ๐๐ซ๐ข๐๐ฅ
Polyethylene
Cross-linked Polyethylene (PEX)
Low Density/Medium Density Polyethylene (LDPE)/MDPE
Linear Low Density Polyethylene (LLDPE)
High Density Polyethylene (HDPE)
๐๐๐จ๐ฎ๐ญ ๐๐ฌ ๐๐ซ๐๐ง๐ฌ๐ฉ๐๐ซ๐๐ง๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ฌ
Nikhil Sawlani
Transparency Market Research Inc.
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