Rotomoulding Powder Market Trends

Growth Drivers

Increased usage of rotomoulding powder in automotive industries

The demand for light weight vehicles in order to reduce the carbon footprint has been increasing from the past few years in the automotive industry. As the demand for light weight vehicles is rising across the world, automobile companies are being pressurized to use products which are made from polymers and plastics as compared to the products such as alloys and metals that were used in conventional designs. This factor is anticipated to lead to the growth of rotomoulding powder market in upcoming years.

Massive benefit from furniture and home interiors industry

Rotomoulding powders are used in the making of products such as showpieces, components, interiors and others. As the disposable income of people is rising across emerging economies, the demand for such type of products is likely to increase as well. This market is expected to benefit in a massive way from home interior and furniture industry, which in turn, is estimated to prove as a leading growth factor for the growth of rotomoulding powder market.

Rising demand of polyethylene-based products

Rotomoulding powder is majorly manufactured from polyethylene. This is an economical method and at room temperature, there is an increase in the brittleness which decreases the time taken to mould the substance. Effective properties such as resistance to corrosion, crack resistance, high strengths, even when the temperature is low, and flexibility leads to the growth in the demand for polyethylene-based products which is projected to ultimately result in the growth  of the market for rotomoulding powder.

Challenges

Strict regulations on the use of plastic materials

Rotomoulding powder is used to manufacture plastic moulds and it is further used for other applications such as plastic products in automobile industry, medical sector, transportation sector, manufacturing of storage tanks, cosmetics industry and others. Plastic products are one of the major contributors to landfills which lead to the damage of environment and due to this, many countries have restricted the use of plastic products or have implemented strict regulations which are predicted to ultimately limit the growth of rotomoulding powder market.

Increase in the overall manufacturing cost of rotomoulding powder

As there are strict regulations regarding disposal and recycle of plastic waste, it further adds to the manufacturing cost and increases the overall price of the powder. This factor is estimated to limit the growth of rotomoulding powder market in the upcoming years.