Rising applications in automobile industry and tank manufacturing is the major factor influencing market growth.
Market Size – USD 16.09 Billion in 2018, Market Growth – CAGR of 8.5%, Market Trends – Emerging new powder types with properties like UV resistance.
The global Rotomoulding Powder Market is expected to reach USD 31.99 Billion by 2026, according to a new report by Reports and Data. This can be mainly associated with the rising applications in material handling, automotive, and construction industry owing to better molding efficiency and benefits of rotomoulding using powder resins due to its improved mold flow, excellent stress bearing property, and high impact resistance benefits.
Some plastics, such as PVC degrade during the long heating cycles or when melted during the process of turning them into a powder. This may be a restraining factor for the market.
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The following are the key industry participants:
- Broadway Colours,
- BASF S.E.,
- Dow Chemical Company,
- Pacific Poly Plast,
- Kiel Industries,
- Ramdev Polymers,
- Green Age Industries,
- Matrix Polymers,
- PHYCHEM TECHNOLOGIES PVT. LTD,
- Schulman, Inc.,
- SABIC Reliance Industries Limited,
- and TOTAL S.A.. among others.
Further key findings from the report suggest
- The market is segmented on the basis of product type into PVC, Nylon, Polycarbonates, Polypropylene, Polyethylene and Special purpose products. In terms of revenue contribution, polyethylene segment dominated the market. It accounted for about 44% of the market share in 2018.
- Applications of polyethylene products in various applications such as telecom, automobile industry, industrial packaging, etc. may drive the growth of the segment.
- The market is segmented on the basis of end user equipment into rock and roll machine, clamshell machine, vertical or up & over rotational machine, shuttle machine, swing arm machine, carousel machine and Wytkin composite mold technology (CMT).
- Caronsel or multiple-spindle type machine segment accounted for the largest market share in 2018 and is expected to grow at a CAGR of 8.9% during the forecast period, since it is available in a wide range of size molds, with various cycle times and thickness needs.
- The market is segmented on the basis of applications into industrial, tanks, automotive components, packaging, furniture, medical, travel & tourism, toys, sports, transportation, construction, decorative, and others. In terms of revenue contribution, tanks segment dominated the market of global rotomoulding powder. It accounted for about 32% of the market share in 2018.
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Market segmentation based on Product Type:
- Polyvinyl chloride
- Low Density Polyethylene (LDPE)
- Linear Low Density Polyethylene (LLDPE)
- Medium Density Polyethylene (MDPE)
- High Density Polyethylene (HDPE)
- Cross Linked Polyethylene(PEX)
- Special purpose products
- Acrylonitrile butadiene styrene (ABS)
- Various foods (especially chocolate)
Market segmentation based on Application:
- Automotive Components
- Travel & Tourism
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The following are the leading regions of the global Rotomoulding Powder market:
- North America
- South America
- Asia Pacific
- Middle East & Africa
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