Rotomoulding Powder Market – Overview
Rotational moulding, also known as Rotomoulding is the process for manufacturing plastic moulds without the use of any pressure unlike other moulding processes. It is more preferred as it does not require high investment and the end products are used in diverse applications. Rotomoulding powder is used to form the moulds and therefore is in high demand because of the increasing demand for rotomould. One of the chief differences between other methods of moulding and Rotomoulding is the use of plastic or resin powder for making the moulds. The Rotomoulding powder is rotated in biaxial direction and thus, it melts in the mould.
Rotomoulding powder is used in a wide variety of applications such as telecom ducting, flexible packaging, industrial packaging, and industrial packaging. Thus, the increasing demand from the industries listed above will fuel the growth of the global Rotomoulding powder market during the forecast period set between 2021 and 2031. Additionally, the increasing use of this powder in the automotive industry is also projected to add boost to the overall growth of this market.
The report on the global rotomoulding powder market offers insights into the market and factors promoting or demoting its growth. It also discusses the table of segmentation and mentions the names of the leading segment with factors attributing to its growth. Besides this, the report also discusses the impact of the COVID19 pandemic on this market and how can players attain significant revenues during this time period. Additionally, key innovations, product quality improvement, and other strategies adopted by players operating in this market are mentioned in details. The report is available for sale on the company website.
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Rotomoulding Powder Market – Competitive Landscape
The nature of market for rotomoulding powder is fragmented on account of the presence of multiple players but highly competitive. Companies are engaging in collaborations, joint ventures and merger and acquisition strategies to ensure a notable position in the market competition. On the other side, players are investing in the development of cost-effective and flexible smart network management solutions and better pricing models so as to ensure higher adoption rate, ultimately attracting significant revenues in the coming years.
Some of the key players of the global rotomoulding powder market include:
Reliance Industries Limited
PHYCHEM TECHNOLOGIES PVT. LTD.
DuPont
Green Age Industries
A. Schulman, Inc.
Matrix Polymers
PACIFIC POLY PLAST
Broadway Colours
Other players
Rotomoulding Powder Market – Growth Drivers
The demand for lightweight vehicles is growing at a rapid pace on account of the rising need to reduce carbon footprint of vehicles. This will propel the need to use products made out of polymer or plastic instead of alloys and heavy metals that were earlier used in traditional car models. This is projected to create a high growth rate for rotomoulding powder from the automotive industry, the demand for which is projected to help augment the growth of the global rotomoulding powder market.
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Rotomoulding Powder Market – Geographical Insights
Geographically, the global rotomoulding powder market is widespread into the regions of North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Each of these regions are further classified on the basis of nations. Among all these, the market is dominated by Europe on account of the presence of large number of manufacturing industries. North America is also holding significant shares on account of the presence of high number of industrial packaging companies. Asia Pacific is projected to emerge as a significant revenue-generating region during the forecast period on account of the increasing demand for plastic based products, and the presence of OEMs in Japan, India, and China.
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