Industry Press Releases

Global Rotomolding Powders Market - Trends, Drivers, Challenges, and Vendor Analysis Through 2021

Saturday, Dec 16, 2017

The global rotomolding powders market is expected to grow at a CAGR close to 17% during the period 2017-2021, according to a new market research study by Technavio.

The report categorizes the global rotomolding powders market by material, including polyethylene, PVC plastisol, and polycarbonate. The report also determines the geographic breakdown of the market in terms of detailed analysis and impact, which includes key geographies such as North America, APAC, Europe, and ROW.

Market driver: rising use of rotomolding powder owing to its excellent properties and advantages

The rotomolding or the rotational molding process is widely used to manufacture plastic molds. Due to properties such as UV-resistant and flame-retardant, they are contributing to the rise in the use of rotomolding powders in end-user applications. Ease of manufacturing rotomolding powders without applying pressure is one of the most important properties of rotomolding powders. In addition, the use of rotomolding process are less polluting when compared to other methods.

According to Kurva Samba Sivudu, a lead analyst at Technavio for plastics, polymers, and elastomers, “The powder displays properties such as increased stress resistance, improved flow, toughness, and impact resistance. Various forms of plastic polymers can be used to manufacture rotomolding powder, the most common being polyethylene. Properties such as stress-free, weather resistant, increased durability, and improved wall thickness makes them leak-proof.”

Market trend: growing demand for polyethylene-based products

Approximately, 80% of the rotomolding powders manufactured is from polyethylene. Polyethylene is inexpensive and at room temperature, the material becomes brittle owing to which the time taken to mold the substance is minimum. Effective properties such as crack resistance, high strength even at low temperatures, resistance to corrosion, and flexibility drives the demand for polyethylene-based products, which, in turn, helps in the growth of the global rotomolding powders market.

Market challenge: rising stringent regulations pertaining to use of plastic materials

Plastic molds are manufactured using rotomolding powders, which is further applied in various applications such as in the manufacturing of storage tanks and plastic products, in industrial packaging, cosmetics industry, automobile industry, furniture industry, recreational applications, medical sector, and transportation sector. Disposition of these plastic products is a major contributor to landfills which leads to environmental damage. Due to this, many countries have implemented strict regulations on restricting the use of plastic products.

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Key vendors in the market

  • BASF
  • Phychem Technologies
  • Reliance Industries
  • SABIC
  • The Dow Chemical Company

The global rotomolding powders market involves raw material suppliers, manufacturers, suppliers, and end-users. The market is moderately concentrated with limited global and local vendors. Some of the key vendors are BASF, Phychem Technologies, Reliance Industries, SABIC, and The Dow Chemicals Company. Other prominent vendors include D&M Plastics, Green Age Industries, and Matrix Polymers.

Access Technavio’s continuously growing plastics, polymers, and elastomers research library and find expert analysis on hundreds of markets.

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.

Contacts
Technavio Research
Jesse Maida

Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com

 

Source: businesswire.com

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