Global Rotomoulding Powder Market Forecast, Trend Analysis And Competition Tracking - Global Market insights 2015 to 2031

Rotomoulding Powder Market Introduction:

Rotomoulding is the process of creating a hollow plastic or rubber shape by forcing hot liquid plastic or rubber into a mould. The mould can be made of metal, wood, glass, polystyrene foam, etc. A design for the desired shape is created in CAD software and then sent to the 3D printer which produces a plaster mold that will be used to cast the mold.

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Rotomoulding powder is a material made of metal, rubber, and plastic that is used in the production of parts for cars. It is typically created by combining materials that are mixed with polymers, moisture, and coloring agents. The powder is then heated to form a liquid which is then shaped into the desired form by using various tooling techniques.

The manufacturing cost of rotomolding powder is high. The plastic industry has strict regulations regarding the disposal and recycling of waste, which adds to the manufacturing cost and increases the overall manufacturing cost. However, growing demand of polyethylene-based products from almost all the sectors, as polyethylene properties such as crack resistance, resistance to corrosion, high strength, and flexibility makes it suitable for nearly all the product type. This is anticipated to create demand for the global rotomolding powder market.

Global Rotomoulding Powder Market Revenue Outlook:

The Global Rotomoulding Powder Market was valued at over US$ 9.5 Mn in 2020 and is projected to register а САGR of over 15.2% by 2031.

Factors Supporting The Revenue Growth For The Rotomoulding Powder Market

Increasing applications of rotomolding in flexible packaging, industrial packaging, blow molding, telecom ducting, etc., are expected to increase the demand for rotomolding powders. The plastic industry is also making a significant contribution to the economic development and growth of various key sectors, such as automotive, construction, healthcare, FMCG, and several other industries. The automotive sector is stipulated to hold a significant share in the global plastic industry as plastics improve performance, structure, and safety and lightweight automobiles. Plastics are a substantial contributor to lightweight issues and enable fuel efficiency and reduce greenhouse gas emissions. Thus, the automotive plastics market has emerged as a vital business space.

COVID-19 Impact Analysis on Rotomoulding Powder Market

COVID-19 has affected economies worldwide, resulting in a significant deterioration in economic conditions. The pandemic has also driven most of the affected countries into a shutdown, stagnating their commercial and industrial activities. The pandemic stunned supply and demand of several consumer goods, and other industry has slowed down rapidly. The potential impact of COVID-19, including delays in ongoing and planned projects schedule, including substantial supply chain disruptions, a delay in obtaining required permits, and availability of financing. Moreover, China being at the epicenter of the pandemic is the major supplier of rotomolding powders and equipment, thus creating a ripple effect in the import-export activities throughout the world. This shutdown of all industrial activities negatively impacted on global rotomolding powder market. However, the impact of COVID-19 is anticipated to move towards recovery by the end of the year (2020) and is anticipated to stabilize by first half of 2021.

The Future of Rotational Molding

The future of rotational molding depends on the needs of the market. While it is advantageous to have a large amount of products to choose from, product diversity may not be advantageous for businesses with income constraints. The demand for rotational molding is also dependent on whether or not the product is renewable and if the production process is environmentally friendly.

Rotomoulding Powder Market Dynamics

Global rotomolding powder market is segmented into material, end-use, and regions. The material is segmented into PE, PVC, and other materials. The PE segment is again subdivided into High-Density Polyethylene (HDPE), Linear Low-Density Polyethylene (LLDPE), Cross-linked Polyethylene (XLPE), and other PE. Among material types, polyethylene is anticipated to dominate the material in terms of consumption in the global rotomolding powder market. Low-density polyethylene (LDPE) based rotomolding powders are used in molding, flexible packaging, extrusion coating applications. High-Density Polyethylene (HDPE) based rotomolding powders are used in telecom ducting, heavy industrial packaging, blow molding, and woven sacks. Linear Low-Density Polyethylene (LLDPE) based rotomolding powders used in automotive components, tanks, and insulated containers. Each is varying in melt flow and density.

Regional Analysis:

Rotomoulding powders are non-toxic polyester or polyurethane materials that are used to produce a wide range of products, including car bumper covers, electrical appliances, furniture parts, and toys. In recent times, the demand for rotomoulding powders has been increasing in the Asia-Pacific region due to the production of cheaper and quality products at low rates of investment by major players in this industry.

The North America and Europe region are predicted to follow Asia-Pacific in the global demand for rotomolding powder. The regions contribute a significant share in the rotomolding market due to its increasing demand for plastic-based products such as medical equipment and automotive fuel tanks. On the country level, China commands most of the market share in the Asia-Pacific region and the largest share globally after North America.

Competitive Landscape:

The Rotomoulding Powder market landscape appears highly consolidated, with a major chunk of it being dominated by players with their base in the Asia-Pacific region.

• Exxon Mobil Corp.
• Chevron Corp. (Chevron Phillips Chemical Company, LLC)
• Reliance Industries Limited
• BASF SE
• Saudi Basic Industries Corporation (SABIC)
• LyondellBasell Industries Holdings N.V.
• AMP-POLYMIX Group
• Arcoplex Group Srl
• Matrix Polymers
• GreenAge Industries
• Eco Polymers
• Phychem Technologies Pvt. Ltd.
• Ramdev Polymers
• Shivalik PolyAdd Industries Pvt. Ltd.
• Pinaxis Polymer LLP
• Other Key Industry Players

Report Scope

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

Key Segments Covered

Global Rotomoulding Powder Market, By Raw Material

• PE
• Linear Low-Density Polyethylene (LLDPE)
• High-Density Polyethylene (HDPE)
• Cross-linked Polyethylene (XLPE)
• Others
• PVC
• Other Materials

Global Rotomoulding Powder Market, By End-Use Industry

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