According to the report titled ‘Rotomoulding Powder Market Size By Product, Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, Italy, France, Spain, UK, Poland, China, India, Japan, South Korea, Australia, Thailand, Malaysia, Indonesia, Vietnam, Brazil, Mexico, Argentina, Saudi Arabia, UAE, South Africa), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2024’, available with MarketStudyReport, global rotomoulding powder market is anticipated to grow considerably during the forecast period 2018-2024.

 

Ease of manufacturing coupled with less contaminating by-products, flourishing industrial sector backed by supportive government policies, and promising application prospects across the automobile industry due to flame retardant and UV resistant properties are the factors propelling growth of worldwide rotomoulding powder market.

 

Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/1230570/

 

Furthermore, steadily rising demand for automotive parts such as three-wheeler bodies, air ducts, bumpers, seating systems, crash guards, and engine covers, in tandem with usage for manufacturing fuel tanks, chemical tanks, solid waste management products, and material handling products are pushing the market forward.  

 

Based on product type, high-density polyethylene segment is estimated to grow at a CAGR of 17% from 2018 to 2024. Increasing demand for films and pipes from agricultural sector, soaring utilization in the manufacturing of ultra-violet tarpaulins and protective sheets for effective weather shielding, and rising importance of aesthetics will drive the segmental growth.

 

Speaking of application scope, global rotomoulding powder market share from material handling segment is slated to record 18% CAGR over the forecast period, owing to rising incorporation of load trolleys, forklifts, magnetic conveyor belts, screw conveyor, and roller conveyor across industrial vertical for mobility, convenience, and flexibility in warehouses with reduced downtime.

 

On the other hand, tank application is reckoned to generate revenues worth USD 9 billion by the year 2024, pertaining to fast residential & commercial development leading to rising demand for septic tanks and water storage tanks.

 

From the regional standpoint, Asia Pacific rotomoulding powder market was worth USD 2 billion in 2017 and is projected to rise exponentially through 2024, on account to booming population with higher disposable income, and numerous construction projects.

 

The competitive landscape of rotomoulding powder market includes players like A. Schulman Inc., BASF SE, D & M Plastics LLC, Dow Chemical Company, LyondellBasell Industries N.V., Phychem Technologies Private Limited, Reliance Industries Ltd., Pinaxis Polyplast LLP, Chevron Phillips Chemical Company LLC, Matrix Polymers Ltd., Petrotech Group, GreenAge Industries, Perfect Polyplast India Pvt Ltd., Broadway Colours Ltd., Exxon Mobil Corp., and Eco-Polymers among others.