Rotomoulding Powder Market Analysis

Rotomoulding Powder Market Analysis

Polyethylene rotomoulding powder captured over 85% rotomoulding powder market share in 2017. Increasing demand for polyethylene pallets in manufacturing owing to the smaller size. These products are not recommended for direct usage in rotational casting owing to large particle size lowers product quality. To obtain desired output requires smaller particle size to transfer sufficient heat from mold to powder. Particle size improves melting flows, moldability, and development of physical properties during the process. Polyethylene powers show excellent molding, thermally stable, and superior strength benefits are propelling the rotomoulding powder market.
 

Linear Low-Density Polyethylene (LLDP) market is projected to observe over 17% CAGR up to 2024. Excellent mechanical property as compared to other material instigating application areas. LLDP also delivers higher stiffness, exceptional impact strength, and strong stress crack resistance property instigating rotomoulding powder market growth.
 

Tanks segment registered more than USD 3 billion revenue share in 2017. Rotomoulding storage tanks captured maximum market share owing to lightweight advantages in several countries. Storage tanks captured large application share in residential building owing to high durability, high capacity advantages instigating industry share. Cost effective product and lightweight benefits have gained wide attention from the industrial application in chemical & oil industry.  Increasing building and construction in several countries along with rising water scarcity in the different region will boost rotomoulding powder market size.
 

Automotive market is anticipated to witness more than 17% up to 2024 owing to rising demand for passenger and commercial vehicles. Stringent government regulations for carbon emission is among major factors influencing adoption of plastic components in vehicles include electric vehicles, SUVs, and XUV. Major automakers Toyota, Hyundai, and Honda are installing polyethylene and PVC components in passenger vehicles owing to superior thermal and impact resistance advantages driving rotational moulding powder market share.
 

Toys segment captured more than 11% market share in 2017 owing varied molding size and shape advantages fueling the rotomoulding powder market share. Kids playground toys and outdoor toys have gained attention in the last few years owing to excellent stress bearing benefits. Toys are mainly manufactured from plastic material include LLDP, HDP, MDP, PVC, nylon and other plastisol. Large availability of several colors, texture, and shades required in the making of toys range for enhancing attractive designs.  

North America rotomoulding powder market is projected to experience more than 16% CAGR up to 2024. The regional growth is mainly contributed by the U.S. and Canada owing to the strong presence of plastic manufacturing companies and suppliers. Increasing demand for plastic products in the U.S. owing to improved usage in varied application fueling rotomoulding powder market size. Technological advancement in leisure, material handling, and construction equipment mainly generating strong product demand across the region. Industry growth owing to the high-quality material and machinery are providing opportunities for small and medium companies to capture market share.
 

Asia Pacific rotomoulding powder market captured around 25% market share in 2017. Increasing usage of storage tanks, containers and other plastic products owing to growing residential construction are boosting rotomoulding powder market share. India, China, South Korea, and Malaysia are majorly contributing large share owing to surging demand for plastic materials and finished products. Increasing population and improving economic conditions is rising demand for affordable houses in several Asian countries proliferating demand for the storage tank.