Global Statistics Representing Rotomolding Powder Market Scenario
Rotomolding, a short way of saying rotational molding, is a plastic molding technology for making hollow articles. Unlike other plastic processes, this kind of casting technique does not involve any pressure. Rotomolding powder is a plastic material made from cast aluminum, which is placed in a hollow mold and is heated gradually until it melts and layup inside the mold, followed by a cooling down process. Low production cost, low tooling cost, and complicated shape designing ability are the significant features driving the rotomolding powder market growth.
Rotomolding Technology — Ideal for Short-Run Production
A large variety of products are made by this process, including storage tanks, toys, bins, automotive products, etc. Ongoing research and development toward designing high-end decorative products by eco-friendly materials and stringent government norms for plastic production will positively influence the industrial landscape. Rotomolding process is proven to be economical for short production runs due to its low upfront tooling costs.
The global rotomolding powder market is predicted to be valued at USD 30 billion and is likely to grow at a CAGR of around 16% during the forecast period, 2019–2026.
Plastics for Home Décor
Rotomolding powder’s demand for making sporting equipment, such as kayak, canoes, boats, and various others, is on the rise. The automotive industry’s burgeoning production and sales in tandem with regulatory mandates to limit carbon emission will further boost product penetration. On the other hand, increasing demand for decorative and appealing items for home décor and attractive furniture, including sofas, chairs, and cabinets, are upsizing the rotomolding powder market.
Polyethylene’s High Heat Stabilization
The polyethylene segment is observing high demand, owing to its high heat stabilization and a wide variety of categories, including linear low-density polyethylene (LLDPE), high-density polyethylene (HDP) and cross-linked polyethylene. LLDPE and HDP are the most preferred polyethylenes as they exhibit excellent low and medium stiffness, respectively. Thermal stability, outstanding molding, UV stabilization are the key features of LLPDE. HDP is utilized in manufacturing products requiring higher rigidity, hardness, and toughness. The Nylon type, on the other hand, is set to grow on account of its low material cost and fully engineered performance. Weight and noise reduction, gear life extension, lubrication savings, and resistance to wear and vibration are the primary characteristics encouraging the segment’s growth. The polypropylene segment is growing swiftly due to its rigidity and higher heat distortion temperature. Polycarbonates have high stiffness and inbuilt flame retardancy.
Automotive Industries Superseding Metal and Alloys With Plastic Products
The toy segment holds a significant market share, owing to the rotomolding’s ability to mold various sizes and shapes. Rising demand for tanks, including water storage tanks, chemical tanks, septic tanks, and various carts, will augment the tank segment’s growth on account of its lightweight, high durability, high-capacity, and cost-effective features. The automotive industry is focusing on manufacturing plastic products as a substitute for metal and alloys. Notable automobile companies are installing thermoplastic components in vehicles to gain higher thermal resistance.
Demand for Bespoke Plastic Items
A great deal of investment in infrastructural development across residential, commercial, and industrial sectors, coupled with rising demand for decorative items and furniture, will strengthen the business landscape. Consumers demand customized lightweight plastic items to enhance the appearance of their houses. Rotomolded goods are available in different grades varying according to density and melt flow index; the key manufacturers are providing customized products, reinforcing the material’s engineering process to make it more stabilized and strong.
Asia-Pacific’s Thriving Industrialization
The Asia-Pacific rotomolding powder market is snowballing due to the increasing construction activities and rising demand for plastic goods for storage and decoration purposes. Flourishing industrialization and commercial activities are providing lucrative business opportunities to regional rotomolding manufacturers. India, China, Malaysia, Thailand are the primary contributors in the region. These countries are observing surging demand for poly-plastic goods catalyzed by booming tourism and water sports activities. The burgeoning population and rising disposable income are urging consumers to purchase high-end products to deck out homes with antique and attractive items. The need for water storage tanks and water treatment tanks to overcome water scarcity issues across the region is accelerating the market demand.
North-America’s Demand for Polymer Plastics
The U.S. and Canada are the primary contributors aiding North America’s market growth on account of rising renovation activities in the construction sector. Increasing disposable income and consumer interest in purchasing attractive items for home décor will further broaden the business landscape. The region’s growing demand for polymer plastics, including medical equipment, furniture, automotive fuel tanks, will propel the market growth. End-User’s are increasingly becoming aware of the benefits of weight reduction and minimum material waste. Governments, on the other hand, have introduced standards for manufacturing plastic goods, thereby boosting the product’s adoption rate.
Europe Houses Prominent Rotomodling Manufacturers
The Europe rotomolding powder market is set to grow, owing to the presence of prominent manufacturers of molded products. The increasing adoption of new techniques in the formation of plastic products, and government regulations pertaining to the usage of plastic and waste management will positively influence market growth.
Some notable rotomolding powder market players are Dow Chemical Company, Phychem Technologies, Reliance Industries, Matrix Polymers, D&M Plastics, ExxonMobil, BASF, GreenAge Industries, Petrotech Group, and Perfect Poly Plast.
Rising demand for lightweight storage tanks, increasing sports activities, construction activities, and cost-effective molding techniques.
Rotomolding Powder Market Segmentation
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