Rotational Molding Powder Market Forecast, Trend Analysis & Competition Tracking - Global Industry Insights 2015 to 2031

Demand for Rotational Molding Powder from 2015 to 2020 Vs. Future Market Projections for 2021-2031

From 2015 to 2020, sales of rotomolding powder have increased at a stable rate, expanding over 5.0% CAGR.

Rotational molding powder, also known as roto-molding powder, is commonly polymer powder used for the rotational molding process. The global production of rotomolding powder is estimated at XXX – XXX KMT as of 2020.

The rotational molding process was initially developed in 1780-1790, wherein the hollow molds are heated and rotated slowly, causing the material inside to coat on the walls of the mold to produce the desired shape and size of the object. The powder materials commonly used for this process are plastic powders such as polyethylene, PVC, and others. Over the years, several improvements in the process have spurred the growth of the target market.

However, the recent COVID-19 pandemic has severely negated the growth of the manufacturing industry and its raw materials. The Q2 of 2020 registered a significant gap in demand and supply. The supply of rotomolding powder and its raw materials, mainly from China, were considerably impeded due to stringent trade regulations imposed by several economies across the globe.

Global Rotational Molding Powder Market Revenue Outlook:

Global rotomolding powder market was valued at over US$ 2.0 Bn in 2020 and is projected to register а САGR of close to 6.0% by 2031.

China is not only the leading producer of rotomolding powder, but also the primary consumer. The COVID-19 pandemic in the second quarter of 2020 and China at the pandemic's epicenter caused severe disruptions across the supply chain worldwide.

The Q2 and Q3 of 2020 adversely affected the market both in terms of supply and demand. Closure of manufacturing facilities across the globe subdued the demand for rotomolding powders. Moreover, the limited supply of these materials, mainly due to trade restricitions across various economies, caused volatility in the prices of the materials. Nonetheless, the market is expected to witness several developments despite the negative impact due to the COVID-19 pandemic.

Market Dynamics:

Nowadays, practically all sectors use rotationally molded parts, especially of plastic. The process is considered ideal for the production of one-piece hollow parts or double-wall open containers. Products such as tanks, drums, barrels, automotive components, toys, outdoor furniture, and many other products are manufactured through rotomolding.

Rotational molding mainly consumes thermoplastic materials, particularly polyolefins such as polyethylenes, which dominate the market for rotational molding parts. Polyethylenes such as LLDPE, HDPE, XLPE, and others command a dominant share of over 80% for the year 2020. Polymers such as PVC, polycarbonate, polypropylene, nylon, ABS, unsaturated polyesters, acrylics, epoxies, cellulosics, phenolics, fluorocarbons, polystyrenes, polybutylenes, silicones and polyurethanes are other major materials used to produce rotational molding parts.

List of Applications of Rotational Molding Powder:

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Container tanks account for a significant share of the target market. Rotational molding is considered an optimal process for the production of chemical storage tanks from cross-linked polyethylenes. These tanks are considered excellent for chemicals storage compared to HDPE tanks since the latter tends to crack and are prone to notch sensitivity. Storage tanks produced by rotational molding have added advantages such as low production time, no requirement for welding or joining, low cost of raw materials, no material waste, making it ideal for low-volume production.

How are the recent trends shaping the industry in the coming years?

In July 2021, a US-based marine buoys products company – Sealite, installed a massive rotomolding machine to produce its signature products - ocean and lake buoys of all sizes. Its products are mainly manufactured from UV-stabilised polyethylene. The company’s buoys ranging from navigation buoys to huge ocean buoys are filled with 1,000 pounds of concrete as ballast. The company has been operating since 1982 and continued to produce even during the COVID-19 pandemic.

Additionally, Tank Holding – North America’s largest rotational molder has acquired another rotational molder - Rotational Molding Inc (RMI). The acquisition provides additional opportunities to Tank Holding, with a comprehensive product portfolio and a large manufacturing facility footprint. These trends are expected to further fuel the market growth in the coming years.

Number of Rotational Molding Firms by Region, 2020:

Regional Analysis:

Asia-Pacific is expected to account for a significant share of the global rotomolding powder market. The region is also anticipated to register the highest growth rates over the forecast period. Rampant growth of end-use industries, including packaging, automotive, aerospace, transportation, consumer goods, and others, particularly in China and India, are expected to be the key contributing factors. The stable growth of these countries and increasing investments in the domestic manufacturing industry are estimated to provide a balanced growth in the coming years.

Competitive Landscape:

The rotomolding powder market landscape appears highly consolidated, with a significant chunk of it being dominated by players with their base in Asia-Pacific.

• Exxon Mobil Corporation
• Oxy Chemical Corporation
• Reliance Industries Limited
• BASF SE
• SABIC
• LyondellBasell Industries Holding B.V.
• AMP Polymix Group
• Arcoplex Group
• Matrix Polymers Limited
• Green Age Industries
• Eco Polymers
• Pinaxis Polymer LLP
• Other Key Players

Some notable developments in the market include:

• A US-based international customized compound solutions provider - TEKNOR APEX, recently introduced a sparkling effect in its injection-molded products and rotomolded products. This sparking effect produced by glinting flakes provides merchandisers with a new option for product differentiation. The sparkling effect is available for all the standard colors and will be supplied in pellet form for injection molding and dry powder for rotational molding.
• Another US-based company - A. Schulman, Inc. has partnered with Braskem, Brazil, to produce the first biobased PE rotomolding compound. The new product is called Ico-Green and has a minimum bio-based content of 60% according to ASTM D6866. Increasing focus on eco-friendly products is expected to further augment the target market growth.

Report Scope

• Forecast Period: 2022-2031
• Actual Year: 2021
• Historical Data Available for: 2015-2020

Key Regions Covered

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Segments Covered

Rotational Molding Powder Market, By Material

• Polyethylene
  • Linear Low Density Polyethylene (LDPE)
  • High Density Polyethylene (HDPE)
  • Cross-Linked Polyethylene (XLPE)
  • Other PE
• PVC
• Other Materials

Rotational Molding Powder Market, By End-Use

• Consumer Products
• Storage Tanks
• Automotive Components
• Industrial Packaging
• Other End-Uses

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