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.
NEW YORK, March 20, 2019 (GLOBE NEWSWIRE) -- 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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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.
- The increasing demand for septic and water storage tanks, due to the rapid residential and commercial applications in the developing regions, particularly in India, China, and South Africa will contribute to the growth of the market.
- The market is segmented on the basis of geography by North America, Europe, Asia Pacific, Latin America and MEA. North America dominates the global market, in 2018 with 27.0% of the market share, attributed to the booming sports nutrition industry.
- This is mostly due to increasing demand for plastic based products such as automotive fuel tanks and medical equipment in the region.
- Key participants include Broadway Colours, BASF S.E., DuPont, Dow Chemical Company, ExxonMobil, Pacific Poly Plast, Kiel Industries, VPals, Ramdev Polymers, Green Age Industries, Matrix Polymers, LyondellBasell, PHYCHEM TECHNOLOGIES PVT. LTD, A. Schulman, Inc., SABIC Reliance Industries Limited, and TOTAL S.A. among others.
- The companies have adopted various strategies including mergers, acquisitions and partnerships to hold on going trails and come up with new developments in the market.
Read more at: https://www.reportsanddata.com/report-detail/rotomoulding-powder-market
For the purpose of this report, Reports and Data have segmented global Rotomoulding powder Market on the basis of product type, end user equipment, application, and region:
Product type Outlook (Volume, Kilo tons; 2018-2026 and Revenue, USD Billion; 2018-2026)
- Polyvinyl chloride
- Nylon
- Polyethylene
- Low Density Polyethylene (LDPE)
- Linear Low Density Polyethylene (LLDPE)
- Medium Density Polyethylene (MDPE)
- High Density Polyethylene (HDPE)
- Cross Linked Polyethylene(PEX)
- Polypropylene
- Polycarbonate
- Special purpose products
- Aluminum
- Acrylonitrile butadiene styrene (ABS)
- Acetal
- Acrylic
- Epoxy
- Fluorocarbons
- Ionomer
- Polybutylene
- Polyester
- Polystyrene
- Polyurethane
- Silicone
- Various foods (especially chocolate)
End user equipment Outlook (Volume, Kilo tons; 2018-2026 And Revenue, USD Billion; 2018-2026)
- Rock and roll machine
- Clamshell machine
- Vertical or up & over rotational machine
- Shuttle machine
- Swing arm machine
- Carousel machine
- Wytkin Composite Mold (CMT) Technology
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Applications Outlook (Volume, Kilo tons; 2018-2026 And Revenue, USD Billion; 2018-2026)
- Industrial
- Tanks
- Automotive Components
- Packaging
- Travel & Tourism
- Toys
- Sports
- Transportation
- Furniture
- Medical
- Construction
- Decorative
- Others
Regional Outlook (Volume, Kilo tons; 2018-2026 and Revenue, USD Billion; 2018-2026)
- North America
- U.S.
- Europe
- Germany
- UK
- Asia Pacific
- China
- India
- South-east Asia
- Latin America
- Brazil
- MEA
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