Global Rotomolding Powders Market 2017-2021
About Rotomolding Powders
Rotomolding is a process that is used to mold plastic materials with high temperature and without applying pressure. It is an essential molding process that involves the use of polyethylene, PVC plastisol, polycarbonate, and polyamide as base materials. Polyethylene is one of the most frequently used base material. The types of polyethylene include Low-Density Polyethylene (LDPE), Linear Low-Density Polyethylene (LLDP), Medium-Density Polyethylene (MDPE), and High-Density Polyethylene (HDPE). Rotomolding powder is extensively used in applications such as storage tanks, industrial, transportation, decorative, furniture, medical, outdoor recreation products, and others.
Technavio’s analysts forecast the global rotomolding powders market to grow at a CAGR of 16.79% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global rotomolding powders market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Rotomolding Powders Market 2017-2021
Technavio recognizes the following companies as the key players in the global rotomolding powders market: BASF, Phychem Technologies, Reliance Industries, SABIC, and The Dow Chemical Company.
Other Prominent Vendors in the market are: Chevron Phillips Chemical Company, D&M Plastics, Exxon Mobil, Lyondell Basell, GreenAge Industries, Matrix Polymers, Petrotech Group, Perfect Poly Plast, PACIFIC POLY PLAST, POWDEREX, Shivalik Polyadd Industries, Ramdev Polymers, and Eco Polymers.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growing demand for polyethylene-based products. There are many raw materials available to manufacture rotomolding powders, some of them being PVC, polypropylene, polyethylene, polycarbonate, and nylon. The majority of the products are manufactured with polyethylene-based materials such as LDPE, LLDPE, MDPE, and HDPE. Nearly, 80% of the rotomolding powders manufactured are from polyethylene owing to the advantages offered by it.”
According to the report, one driver in the market is increased demand for rotomolding powder in storage tank applications. Storage tanks are the largest application segment for rotomolding powders. It is expected to have the fastest growth rate in terms of revenue during the forecast period. One of the major factors contributing to the rise in the use of rotomolding powders is the growing demand for water storage tanks, especially in China, India, and South Africa. The rise in the need for these tanks is owing to the growth of residential and commercial infrastructure in these countries. Advances in technology, material, and machinery have increased the potential application areas of the powder. Owing to its easy availability as well as its improved properties, the demand for rotomolding powder in storage tank applications will grow tremendously during the forecast period.
Further, the report states that one challenge in the market is challenges in terms of material strength of rotomolding powder. There are two major challenges related to the material faced during the rotomolding process. Firstly, the rotomolding process is induced by high temperatures, and in doing so there is a chance for certain plastic materials, limited thermal stability, to change their properties. Secondly, the rotomolding process does not use pressure to sculpture the mold, the material chosen should be able to flow freely through the cavities of the mold. Moreover, in the absence of pressure, there is a high possibility that mechanical properties and the strength of the mold will be weak. This is due to the less closed packaging of molecular chains that exist within the plastic material.
BASF, Phychem Technologies, Reliance Industries, SABIC, and The Dow Chemical Company, Chevron Phillips Chemical Company, D&M Plastics, Exxon Mobil, Lyondell Basell, GreenAge Industries, Matrix Polymers, Petrotech Group, Perfect Poly Plast, PACIFIC POLY PLAST, POWDEREX, Shivalik Polyadd Industries, Ramdev Polymers, and Eco Polymers.