+1-888-308-5802     
News Contact Us

APAC Rotomoulding Powder Market is projected to showcase significant growth by 2024

Author : Ravi Chawat | Published Date : 2021-04-27 

Rotomoulding powder has robust applications in storage containers and tanks, which are widely used in diverse end-user segments. Progressing demand for chemical tanks, fuel tanks, solid waste management products and material handling products could broaden the industry horizon for rotomoulding powder market. Key features of the material like seamless construction, flexibility, low cost, double-wall products, easy to vary thickness and foamed products may elevate the adoption of rotomoulding powder in storage tanks.

Rampant growth of residential and commercial infrastructures owing to burgeoning population base and increasing income levels could drive the rotomoulding powder market demand in APAC. Earlier in 2017, the regional market had accounted for more than USD 2 billion and is predicted to maintain upward trend over the predicted timeframe.

Request sample copy of this report @ https://www.gminsights.com/request-sample/detail/1337

Rotomoulding powder market is expected to witness tremendous growth on account of the product’s immense application scope across the automotive sector. Rotomoulding powder exhibits several beneficial properties like UV resistant and flame retardant, making it ideal for vehicle components.

Proliferating demand for automotive parts like air ducts, bumpers, three-wheeler bodies, crash guards, seating systems and engine covers could enhance the business outlook for rotomoulding powder manufacturers.

Additional factors like minimal polluting by-product and ease of manufacturing might enhance the product demand over the forthcoming years. Rapid growth of the industrial sector coupled with increasing implementation of favorable government policies is anticipated to stir rotomoulding powder market outlook by 2024.

Rising usage of plastic material in automobiles will favor the demand for rotomoulding powder in Asia Pacific. Automakers are adopting plastic materials in their vehicles as they offer high tensile strength, reduced vehicular weight and low packaging properties. Rotomoulding is an ideal way of making complex parts as it can easily accommodate production complexities like moulded inserts, stiffening ribs and different surface textures while providing a uniform wall thickness.

Get Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/rotomoulding-powder-market

North America is considered to be a lucrative avenue for rotomoulding powder companies and is predicted to cross 5,000 kilotons by the end of 2024. Constant technological development across material handling, construction equipment and leisure products could positively impact the regional market growth. North America has a strong presence of major raw material suppliers and manufacturing firms which could massively contribute to the rotomoulding powder market share.

Rotomoulding powder market participants like Broadway Colours, Green Age Industries, Pacific Poly Plast, A. Schulman Inc, Phychem Technologies, Matrix Polymers, Du Pont, Reliance Industries Limited, The Dow Chemical Company, BASF, Lyondell Basell and Exxon Mobil are engaging in innovative business expansion practices like acquisitions and mergers to expand their geographical presence and product portfolio. Taking September 2020 for instance, Step2 Co. announced that it has acquired rotational molding equipment assets from CI Rotomolding USA to expand its distribution and manufacturing capacity.

Browse More News:

https://www.prnewswire.com/news-releases/flow-chemistry-market-value-to-hit-2-5-billion-by-2026-global-market-insights-inc-300961694.html

https://www.prnewswire.com/news-releases/humic-acid-market-to-reach-1-4-billion-by-2026–says-global-market-insights-inc-300981262.html

About Author

Ravi Chawat

Ravi Chawat

Ravi Chawat holds a bachelor's degree in Electronics and Telecommunication Engineering. He has worked closely with industry specialists from different segments including chemicals, food and beverages, construction and manufacturing & energy and power. Ravi's article concentrates principally on balancing relevant data but never at the expense of making the content engaging. He believes in giving fair-minded information to guide significant business choices. [email protected] | https://twitter.com/RaviChawat

Related News

Flexible Foam Market Size to witness strong growth potential by 2025

Published Date: 2021-05-10         Author: Ravi Chawat

DecResearch has recently published a study titled ‘global Flexible Foam Market research report’. In this report, analysts have provided a detailed evaluation of the global Flexible foam market. The report is inclusive of a completely comprehensive study of the Flexible foam market alongs... Read More

Pressure Sensitive Adhesives Market Outlook 2020, End-User Segment To Showcase Significant Growth Up To 2025

Published Date: 2021-05-10         Author: Ravi Chawat

DecResearch has recently published a study titled ‘global Pressure Sensitive Adhesives Market research report’. In this report, analysts have provided a detailed evaluation of the global Pressure sensitive adhesives market. The report is inclusive of a completely comprehensive study of t... Read More

Anisole Market Share 2020 | Industry Developments, Outlook, Current Trends by 2025

Published Date: 2021-05-10         Author: Ravi Chawat

Anisole Market Based on volume, Pharmaceuticals segment will exhibit growth with a CAGR of around 4.4%. The product is extensively used as a chemical intermediate in manufacturing of bulk pharmaceuticals like Dextromethorphan, Raloxifene and substrates of expectorant and antiseptics etc. By 202... Read More

© 2021 Fractovia. All Rights Reserved