Research Nester published a report titled “Rotomoulding Powder Market: Global Demand Analysis & Opportunity Outlook 2028″ which delivers a detailed overview of the rotomoulding powder market in terms of market segmentation by material, by application, by end-user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis, and Porter’s five force model.
Rotomoulding powder is used to manufacture plastic molds without pressure application. This is one of the better and improved methods as compared with others. High-density polyethylene-based rotomoulding powder is used in woven sacks, heavy industrial packaging, blow molding, and others, whereas, low-density polyethylene-based rotomoulding powder is used in extrusion coating applications, flexible packaging, and others. The global rotomoulding powder market is anticipated to record a robust CAGR over the forecast period, i.e., 2020-2028. Based on material, the market is bifurcated into PVC plastisols, polycarbonate nylon polypropylene, polyethylene, and others, out of which, polyethylene is anticipated to hold the largest market share on account of growing demand in the manufacturing of products such as furniture, water tanks, and others. Rotomoulding powders are the type of powders that are used in the manufacturing of showpieces, interiors, components, and others. The demand for such types of products is likely to rise owing to the increase in the disposable income of people. Hence, the home interior and furniture industry is anticipated to become a factor for the growth of rotomoulding powder market.
“The Final Report will cover the impact analysis of COVID-19 on this industry (Global and Regional Market).”
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Based on the regional analysis, the rotomoulding powder market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, Middle East & Africa region. The market for roto molding powder in the Asia Pacific is anticipated to hold the leading share as there is the high growth of interior decorations, automotive, furniture, and others in this region, and roto molding powder is highly used in these industries, which is estimated to ultimately result in the growth of rotomoulding powder market in upcoming years.
Rising Demand in Automotive Industries to Drive the Market Growth
The demand for light weight vehicles is increasing as compared to heavy-weight vehicles to reduce the carbon footprint. The companies involved in the automotive industry will be pressurized to use the products that are made from polymers and plastics and avoid the usage of alloys and metals which are factors projected to raise the market growth for roto molding powder. However, there are concerns regarding restrictions in the use of plastic materials as rotomoulding powders that are used to make plastic molds. Moreover, plastics are one of the key contributors to environmental damage. Hence, this is expected to operate as a key restraint to the growth of rotomoulding powder market over the forecast period.
“The Final Report will cover the impact analysis of COVID-19 on this industry (Global and Regional Market).”
Download Sample of This Strategic Report: https://www.researchnester.com/sample-request-1011
This report also provides the existing competitive scenario of some of the key players of rotomoulding powder market which includes company profiling of Greenage industries, Broadway colors, Matrix polymer, A. Schulman, Inc. (OTCMKTS: SLMNP), Phychem technologies Pvt. Ltd, BASF SE (ETR: BAS), Kiel Industries, Dow (NYSE: CTA-B) and Ramdev polymers. The profiling enfolds the companies’ key information, which encompasses business overview, products and services, key financials, and recent news and developments. On the whole, the report depicts a detailed overview of the rotomoulding powder market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities, and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.
Browse Complete Summary of this report @ https://www.researchnester.com/reports/rotomoulding-powder-market/1011
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