Rotomoulding Powder Market, Market Size, Industry Analysis Report, Regional Outlook (U.S., Germany, UK, Italy, Russia, China, India, Japan, South Korea, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Application Growth Potential, Price Trend, Competitive Market Share & Forecast, 2017– 2024
Report ID: GMI1337
Rotomoulding Powder Market size demand is driven by rapid expansion in construction and packaging industries. The product has more durability and quick set up property. Rotomoulding process is also known as rotational molding. This is an operative molding method permitting producers to manufacture durable products at a reasonably lower cost with releasing reduced material leading to diminish environmental pollution.
Increase in the product consumption by automobile industry due to its durability and resistance to corrosion is anticipated to drive rotomoulding powder market growth. Up surging use of plastics in different automotive components have formed potential for the rotational moulding process. By using plastics in the form of powder, it offers advantages over the method including greater flexibility of design, reduced fabrication and tooling costs. Presently parts moulded by rotomoulding technique includes sun visors and arm rest, air conditioner and heater duct work, truck dashboards and filler tubes.
Rise in applications of the product in agriculture sector tends to propel rotomoulding powder market growth during upcoming span of time. Products including water troughs, cattle feeder and spray tanks use rotational powder in their manufacturing process. Increase agricultural production will result in higher demand of these products, further enhancing rotomoulding powder market growth. The obtainability of extensive variety of this powder depends upon the need of end use application which boosts the rotomoulding powder demand. Rotational moulding is a technique that comprises processing of plastic materials mainly suitable to produce large hollow shapes. In this process, no pressure is applied and the moulds used are inexpensive, which makes this technique cost-effective, driving rotomoulding powder market size. Various applications of the product in flexible packaging, industrial packaging, and blow moulding, are expected to increase product market size.
Current technical advancements in terms of material, machineries, moulds, and process control have unlocked new application avenues. Increase demand of plastic storage tanks, such as water storage and water treatment tanks in industrial as well as household sectors, is expected to contribute to the growth of rotomoulding powder market. Due to accessibility of the product along with advanced properties including, flame retardant and UV resistant. Water tanks is the key product segment and holds more than 75% of the market share in the rotational moulding industry and more than 90% of rotomoulders are contingent on this segment. It is due to shortage of water and growing building and construction activities.
Rotomoulding powder market is fragmented based on product, which includes polyvinyl chloride (PVC), Nylon, polycarbonates, polypropylene, and polyethylene family that includes low density polyethylene (LDPE), linear low density polyethylene(LLDPE), high density polyethylene(HDPE), and cross linked polyethylene(PEX). Polyethylene have physical properties including density, molecular weight distribution and melt index density and is used in the process. Nylon is also used in rotational moulding process as it offers properties like toughness, good chemical resistance, strong strength and stiffness, and strong abrasion resistance.
In Asia Pacific, the automotive components industry in India has had a healthy growth over the last few years with USD 35 billion in 2016 while exports have increased to USD 12 billion. It is expected that the auto component industry will grow by 10% in the financial year 2018 due to localization by original equipment producer and rising exportation from India. This tends to drive rotomoulding powder market growth during forecasted time frame.
Europe, dominated by Germany and France accounts a major share in rotomoulding powder market due to high occurrence of industrial units in this region. The implementation of rotational moulding method in industrial packaging products and automotive components is anticipated to drive rotomoulding powder market growth.
An increase in the demand for plastic-based products including medical equipment and fuel tanks in healthcare and manufacturing industries will drive rotomoulding powder market growth in north America.
Rotomoulding powder market is fragmented in nature. Some of the key industry participants are Pacific Poly Plast, Reliance Industries, Phychem Technologies, Greenage Industries, Broadway Colours, Kiel Industries, A. Schulman, Shiva Polycompounds, VPals, Ramdev Polymers, Matrix Polymers, CP Powders and D&M plastics.
The companies are investing in research and development and increasing product capacity. In August 2016, Greenage Industries has launched a new high tech compounding line considered especially for emerging rotomoulding compounds along with output capacity of 120 metric ton per month. This installation is completely automatic extrusion line which initializes with manufacturing of granulation while compounding. It also confirms negligible thermal degradation and best dispersion of performance additive.
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