As per the industry analysis report titled ‘Asia Pacific Rotomoulding Powder Market Size By Material (Polyethylene, [Linear Low-Density Polyethylene, High-density polyethylene, Medium-Density Polyethylene, Low-Density Polyethylene], Polypropylene, Others ), By Application (Tanks, Containers, Automotive, Construction, Material Handling, Leisure, Toys), Industry Analysis Report, Country Outlook (China, India, Japan, South Korea, Malaysia, Indonesia, Vietnam), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2018 - 2024, available with MarketStudyReport,  Asia Pacific rotomoulding powder market is slated to garner substantial revenues over the period of 2018-2024.

A positive outlook for the construction sector in emerging economies, growing demand for water tanks given the increasing scarcity of water, and increasing automotive unit sales are the major factors aiding towards Asia Pacific rotomoulding powder market growth.

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Evolving consumer lifestyle and surging disposable income have resulted in rapid expansion of the automotive sector, which in turn is stimulating the overall industry outlook in Asia Pacific.

Moving on to the material type, high-density polyethylene segment is expected to witness an 18% CAGR through 2024, owing to increasing FDI to support the adoption of new technologies in packaging, warehousing, and cold chain processes. Such material type offers exceptional chemical and moisture resistance at an affordable cost.

Elaborating on the application spectrum, Asia Pacific rotomoulding powder industry share from tanks is speculated to surpass USD 3 billion by 2024, on account of increasing concern pertaining to water scarcity, growing demand for economical and hygienic solutions to store water for longer periods, and continuous government promotion regarding rainwater harvesting.

Meanwhile, the leisure & toys application will also develop as a major revenue generator for the market participants. Rotomoulding powder is known to have exceptional resistance towards environmental stress, thereby resulting in increased product penetration.

Considering the geographical analysis, India is likely to account for majority market share in the subsequent years, given the increasing demand for lightweight recreational vehicle parts and equipment that helps in reducing fuel consumption.

The competitive terrain is majorly defined by key players such as Jinyoung (Xiamen) New Materials Technology Co. Ltd., A. Schulman Inc., Dalian Bona Biological Technology Co. Ltd., Qingdao Sunsoar Tech. Co. Ltd., Green Age Industries, Pinaxis Polyplast LLP, LyondellBasell Industries N.V., Reliance Industries Limited, The Dow Chemical Company, Arkema S.A., SCG Chemicals. Co. Ltd., Asahi Kasei Corporation, and Phychem Technologies Pvt. Ltd.