Rotomolding Resins Market Analysis:
The market for rotomolding resins is expected to witness robust growth, due to rise in applications of rotomolding resins in various industries such as agriculture and chemical. Rotational molding is a low-pressure, high-temperature process used for making hollow parts. The technique is adhered by applying heat to rotated biaxial molds. It is a powder forming resins, which are involved in the production of goods associated with the rotomolding process. Rotomolding resins are applicable in several industries, including the manufacturing of large-scale tanks. Moreover, they find their application in production of leisure craft, toys, and complex medical materials. Compared to injection molding, the rotational molding process offers more advantages. One of the key advantages of rotational molding is that it has the potential to create specific and detailed designs without effort. Many components are subsequently molded as a single element by extracting seams, thereby resulting into a product with superior longevity.
Key drivers of global rotomolding resins market
The growth of the global market for rotomolding resins is primarily driven by low production costs using rotomolding. Rotomolding resins are cost-effective, exhibit relatively low operating pressures, and are simple, allowing the preparation of molds from cheaper price materials, which significantly contributes toward the growth of the global market. In addition, recreational equipment, aquatic products, potable water storage tanks, toxic waste bin, agriculture tanks, and industrial chemical tanks are produced using rotational molding include recreational equipment, aquatic products, potable water storage tanks, toxic waste bin, agriculture tanks, and industrial chemical tanks. Growing prospects for the automotive, furniture, infrastructure, and packaging industries is further expected to substantially boost the global demand for rotomolding resins.
Market scenario: opportunities and challenges
In the coming years, the global rotomolding resins industry is projected to grow at a fast rate. This is attributed to increase in applications of rotomolding resins for its qualities such as longevity, low pressure, and high temperature process used for making hollow parts. In addition, the aerospace and defense industry is a major consumer of rotomolding resins. As this field is undergoing a strong demand for custom-made goods, such as exhaust ducts, tanks, and fuel cells. These goods have to be produced with a certain level of accuracy that can only be accomplished by rotomolding, thus increasing the market for rotomolding resins during the forecast timeframe. However, certain drawbacks are associated with rotational molding. For instance, few shapes and features are difficult to implement in this method, and anything that is more than a plain shape may slow down production time, thus increasing production costs, which, in turn, , which hampers the market growth.
COVID-19 scenario analysis
Global rotomolding resins market is expecting slowdown during the starting couple of years of forecasted period owing to COVID-19 pandemic. Governments of various countries have implemented lockdown, which has led to shutdown of factories in scores of cities and provinces across the world, thus leading to predictions of a sharp slowdown in the output from industrial sector to agricultural sector. In addition, the rotomolding resins industry is expected to witness direct impact for the next one or two years, if the growth of the industrial sector declines, as it is one of the key consumers of rotomolding resins. Moreover, companies are dealing with missing sales and fractured supply chains as production activities shutdowns.
Key benefits of the report
- This study presents the analytical depiction of the global rotomolding resins industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global rotomolding resins market share.
- The current market is quantitatively analyzed to highlight the global rotomolding resins market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in coming years.
Questions answered in the global rotomolding resins market research report:
- Which are the leading market players active in the rotomolding resins market?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities of the market?
- What are the projections for the future that would help in taking further strategic steps?
Rotomolding Resins Market Report Highlights
| Aspects | Details |
 By Type |
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 By Application |
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 By Region |
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 Key Market Players | The Dow Chemical Company, Lanxess AG, Chevron Phillips Chemical Company, Interplastic Corporation, NOVA Chemicals Corporation., Mitsubishi Chemical Corporation, Elkhart Plastics, Inc., LyondellBasell Industries Holdings B.V., DuPont De Nemours, Inc., Lone Star Chemical |
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