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Rotomoulding Powder Market by Product Type and Application: Global Opportunity Analysis and Industry Forecast to 2024

Author : Ravi Chawat | Published Date : 2021-09-09 

Potential application outlook across automobile industry owing to flame retardant and UV resistant properties will drive the rotomoulding powder market. Increasing demand for automotive components including bumpers, air ducts, crash guards, three-wheeler bodies, engine covers, seating systems fueling propel product adoption rate. Ease of manufacturing and less polluting by-product will also contribute in overall industry development.

Upsurge in the industrial sector supported by various government policies likely to propel the rotomoulding powder market. Rising necessity for fuel tanks, chemical tanks, material handling products, solid waste management products driving product demand. Key properties including flexibility, seamless construction, double wall products, low cost, foamed products, and easy to vary thickness supporting product application scope.

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Surging packaging demand for various consumer products will proliferate the rotomoulding powder market expansion. Easy availability of raw materials, and long-term supply contracts with key distributors will further enhance the business size in the developing countries such as India, China, and Indonesia. Manufacturers are expected to invest in capacity expansion to gain competitive advantage.

High-density polyethylene market is anticipated to witness CAGR over 17% by revenue in the forecast period 2018 to 2024. Increasing films & pipes demand in the agricultural industry, rising usage in manufacturing UV tarpaulins & protective sheets for high quality weather protection, and growing aesthetics importance will propel the rotomoulding powder market growth. Rapid expansion of FMCG industry across Asia Pacific region will further drive demand for high-density polyethylene.

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Material handling application will witness a CAGR over 18% by volume in the forecast period 2018 to 2024. Factors such as convenient goods mobility, flexibility in warehouse operations, reducing excessive downtime fueling rapid technological advancements. Increasing demand for roller conveyer, screw conveyer, magnetic belt conveyer, forklifts, platform truck, and load trolleys across industrial sector will enhance rotomoulding powder market development.

Asia Pacific rotomoulding powder market accounted over USD 2 billion in 2017. Escalating commercial & residential infrastructure owing to the rising income levels coupled with growing population will proliferate the product demand in various applications. Increasing necessity for containers, water storage tanks, and other plastic products will boost regional rotomoulding powder market share.

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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

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