Global Rotomolding Products Market - 2023-2030

Market Overview

Global rotomolding products market reached US$ 1.5 billion in 2022 and is expected to reach US$ 2.4 bllion by 2030, growing with a CAGR of 6.2% during the forecast period 2023-2030.

One of the main factors propelling the growth of the rotomolding market is the increase in the usage of moulding technology due to its affordability because the moulds do not need to bear pressure. The increase in manufacturers' production capacities for certified rotomolded products, which are now widely used in industrial items, tanks and treatment systems, automotive accessories and street furniture, among other things, as well as the widespread use of the plastic moulding process, fuel the expansion of the rotomolding market.

Manufacturers in North America is focusing on the capacity expansion as well as in the acquisitions and other merger activities. For instance, Kaivas Inc. has purchased Eger Products Inc of Amelia, the main provider of outside parts for its industrial cleaning rotomolding equipment. Therefore, North America is expected to grow at a significant CAGR during the forecasted period.

Market Dynamics

Rising Innovations

Rotomolding has seen considerable advancements in recent years, propelling it to the position of one of the most widely used manufacturing processes. One of the main causes of this is increased automation. The technology behind automation makes it possible for machines to carry out activities automatically, optimizing the production process to boost productivity and product quality.

Because of this, producers are utilizing automation in roto molding to raise the standard and accuracy of their goods. The key advantages of automation include lower production costs, faster production and more accurate product manufacturing. Automation also makes it possible for manufacturers to follow the set quality standards for their sector. Therefore, above mentioned development factors drives the growth of the global rotomolding products market.

The Increasing Trend of Applications for Robust Reinforcements

Utilizing reinforcements to boost the completed part's strength is an emerging technique in rotomolding market. Typically, these reinforcements are made of fiberglass, glue or Kevlar. The final product becomes more durable owing to these materials, making it suitable for use in more demanding applications like industrial machinery and fuel and water tanks. It is possible to harden the part in a way that ordinary roto molding cannot when the part is reinforced with stronger materials.

Additionally, consumers now have the option to cover rotomolded parts as a result of trends and advances in the industry. These coatings provide corrosion resistance, waterproofness, durability and other properties that rotomolded items might have. These coatings can be applied to an item to increase its corrosion resistance, robustness, wear resistance and safety. So these coatings are a fantastic approach to further improve the rotomolded part's quality.

Limitation on the Processing of Materials

Rotomolding has limitations when processing other materials, such as metals and ceramics, despite the fact that technology has several benefits when processing items made of plastic. Because metal and ceramics demand high temperatures, their higher melting points than polymers are a disadvantage.

In contrast to rotomolded plastics, ceramics and metals also offer great structural strength and weight bearing capacity. Therefore, the incapacity of rotomolding technology to process materials like metals and ceramics hinders the expansion of the worldwide rotomolding products market.

COVID-19 Impact Analysi

Pandemic had an effect on rotational moulding output, which led to losses for the market. However, governments all over the globe relaxed the restrictions in order to boost the economy and lessen the bad effects of the COVID-19 pandemic. Additionally, imports were encouraged in order to make up for the shortage of raw materials, which opened the door for the expansion of the rotational moulding sector.

Additionally, it is anticipated that the COVID-19 pandemic's effects would be lessened by 2023's first quarter, which will help the market for rotational moulding expand.

Segment Analysis

The global rotomolding products market is segmented based on product, machine. application and region.

Advantages of XLPE Leads to Domination of Polyethylene

Polyethylene (PE) is a material that is most frequently used in rotomolding products. The most popular Roto polyethylene grade, LLDPE, is used in a wide variety of applications and comes in grades ranging from low to medium stiffness. This category includes the majority of grades used in rotomolding products.

Cross-linking the plastic molecules gives the plastic substance known as Cross Linked Polyethylene (XLPE) a significant increase in strength during the moulding process. Enhanced impact resistance, ductile strength, greater environmental stress crack resistance (ESCR), higher abrasion and durability in cold temperatures are a few advantages of adopting XLPE for the rotomolding products. Because of the aforementioned advantages, PE is a great choice for producing products for rotomolding. As a result, polyethylene segment captures the majority of the total segmental shares.

Geographical Analysis

Surge in Automotive Production Drives the Asia Pacific Market

In order to increase the robustness of the electric car body, rotomolding products is used. Additionally, rotomolding products is a cost-effective option for using electric vehicles when compared to steel and other materials of similar properties. As a result, rotomolding products is perfect for an electric vehicle. The manufacture of electric vehicles is rising because there is a growing market demand for them as a result of tax advantages, subsidies and other similar factors.

The Organisation Internationale des Constructeurs d'Automobiles (OICA) reports that up to September 2020, the Asia-Pacific region produced 29,373,175 automobiles and that number increased to 32,674,417 automobiles by September 2021, an 11% increase. Rotomolding products market expansion is thus being accelerated by the region's rising residential development activity and automotive production. Therefore, the rapidly growing automotive augments the growth of the regional market.

Competitive Landscape

The major global players include: Rotoplast S.A.S., FIBERTECH PLASTICS, Top Rotomolding Technology Co., Ltd., Yantai Fangda Rotational Molding Co., Ltd, Rotovia, Carris Pipes & Tubes Private Limited, Starplast S.r.l., ROTOMADE, Comos Corporation Co., Ltd and Rototek Limited.

Why Purchase the Report?

• To visualize the global rotomolding products market segmentation based on product, machine. application and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of rotomolding products market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The global rotomolding products market report would provide approximately 61 tables, 67 figures and 205 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies