Press Release: April 25, 2020
The delivery compartment is the container with the quality appropriate for withstanding the storage, handling, and shipment. These containers extend from huge reusable steel boxes utilized for the multi-purpose shipments to the omnipresent corrugated boxes . Asia Pacific excluding Japan is anticipated to have a core impact on the growth of the market. Rotomolding, although a superior process, does not enjoy the high market penetration that it does in Western Europe and North America. Asia Pacific excluding Japan represents one of the highest growth opportunities among all the regions.
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As per TMR research analyst high demand for rotomolding power in storage tank applications will be one of the major factors that will have a positive impact on the growth of the global rotomolding powders market till 2021. Storage tanks are the major application areas for rotomolding powders. Factors such as the increasing demand for rotomolding powders in China, India, and South Africa for water tanks due to the rise in residential and commercial infrastructure will drive the market’s growth prospects in the coming years.
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Rotomoulding is a process is used to mold plastic material in high temperature without external pressure in the usage of base material includes polyethylene, polyamide, and plastisol. Manufacturing companies are using rotational casting techniques to manufacture plastic products. Technological advancements are leading towards the adoption of a cost-effective method in manufacturing high-end plastic products.
Fluctuating raw material prices is among the major factor hampering rotomoulding market share. Also, stringent government regulation for plastic production in several countries owing to the emission of hazardous gases polluting the environment and damaging air quality. Plastic production also releases carcinogen gases hampers human health, animal health and ecosystem are key factors limiting industry growth.
Increasing demand for plastic products in the U.S. owing to improved usage in varied application fueling rotomoulding powder market size. Technological advancement in leisure, material handling, and construction equipment mainly generating strong product demand across the region. Industry growth owing to the high-quality material and machinery are providing opportunities for small and medium companies to capture market share.
Key players in the Rotomolded Containers Market are Chevron Phillips Chemical Company, GreenAge Industries, Eco – Polymers, Perfect Poly Plast, Lyondell Basell, Petrotech Group and others.
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