Rotomoulding Powder Market Size

Rotomoulding Powder Market Size

Rotomoulding Powder Market size was estimated over 6 Million Tons in 2017 and will witness CAGR over 17% up to 2024.

Strong business outlook in automotive, material handling and construction industry owing to superior molding efficiency boosting rotomoulding powder industry share. The product delivers excellent stress bearing property, improved mold flow, and high impact resistance benefits are propelling rotomoulding powder market penetration. Rising demand for hollow plastic products including outdoors playground equipment, storage tanks, containers captured wide attention in industrial applications.

Rising water sports activities in the U.S, Canada, and Mexico has positively impacted usage of plastic boating kayak in sports adventure and sailing events augmenting rotomoulding powder market size. Growing travel & tourism owing to improved consumer spending in water adventure events and usage of recreational boats fostering Rotomoulding powder industry share. In addition, automotive industry is witnessing healthy growth owing to the surging sales of SUVs and electric vehicles specifically in China. Stringent government regulations to curb carbon emissions most automotive manufacturing companies are adopting plastic components in vehicles.

Surging demand for plastic products as decorative items, attractive showpieces, interiors will provide lucrative business opportunities for manufacturers. In addition, furniture components such as chairs, sitting benches, sofa, shoe fitters are other major application driving industry share.  Rotomoulding process offers better efficiency compared to conventional counterparts will fuel product demand.

Medical applications includes spine board, end panel of medical equipment and medical bed rest are specially manufactured from rotomoulding powder material. Moreover, recreational products including sporting toy sledge, boat seats, and golf case & accessories are among key application area escalating revenue size. Increasing usage of plastic material in large application owing to excellent weather resistance, long durability, and a cost-efficient advantage is anticipated to fuel rotomoulding powder market share during the forecast period.

Rotomoulding is a process is used to mold plastic material in high temperature without external pressure in the usage of base material includes polyethylene, polyamide, and plastisol. Manufacturing companies are using rotational casting techniques to manufacture plastic products. Technological advancements are leading towards the adoption of a cost-effective method in manufacturing high-end plastic products.

Fluctuating raw material prices is among the major factor hampering rotomoulding market share. Also, stringent government regulation for plastic production in several countries owing to the emission of hazardous gases polluting the environment and damaging air quality. Plastic production also releases carcinogen gases hampers human health, animal health and ecosystem are key factors limiting industry growth.