Asia Pacific Rotomoulding Powder Market to grow at 17.5% CAGR till 2024

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Global Asia Pacific Rotomoulding Powder Market to
expand 7 Bn by 2024 Global Market Insights Inc.
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Industry Overview

• Asia Pacific Rotomoulding Market driven by
  Increasing scarcity of water and demand from
  other tankbased applications in Asia Pacific to
  surpass USD 7 billion by 2024 and will witness
  17.5 CAGR during the forecast timespan. High
  demand for storage tanks in residential,
  industrial, commercial, and agricultural segments
  will propel the Asia Pacific Rotomoulding Powder
  market. Asia Pacific region has witnessed several
  upcoming agrochemicals and energy generation
  plants to achieve self-sufficiency. These
  industries have a high demand for recycled and
  fresh water and extensively rely on storage tanks
  for their process which will, promulgate the
  demand for rotomoulded tanks.
• Rising construction expenditure in economies such
  as Singapore, Indonesia, Malaysia, and Vietnam
  will propel the demand for rotomoulded powder in
  the construction industry. The industry uses
  plastic extensively in structural components,
  bath sink units, overhead tanks, window door
  frame, and interior finishes. PVC is a commonly
  used plastic in building construction as it is
  cost effective and resistant to water other
  chemicals. It also acts as a thermal insulation
  and has water proofing advantages.

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• Polyethylene is largely used in rotomoulded
  products. It is used for manufacturing variety of
  products in various segments including
  agriculture, chemical tanks, medical,
  construction, and automotive components. Demand
  for polyethylene will surge due to collapse in
  imports of recycled PE as Chinese government has
  put heavy import duty on it. Physical properties
  such as stiffness, rigidity and stress resistance
  coupled with a wide range of application of
  rotomoulded LLDPE products will fuel the Asia
  Pacific Rotomoulding Powder market growth
• LLDPE material is used for a variety of
  applications such as shipping containers,
  industrial tanks, furniture, outdoor piping, boat
  docks, and playground equipment. China is the
  largest producer of shipping containers by volume
  and observes high demand for LLDPE material from
  neighboring economies such as India, Japan,
  Indonesia, and Vietnam. Implementation of trade
  agreements, such as AFTA and APTA, have led to an
  increased demand for shipping containers, which
  will provide a positive scope for the consumption
  of LLDPE.

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Asia Pacific Rotomoulding Powder Market, By
Material, 2017 2024 (USD Million)

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Industry Coverage

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• LLDPE material is used for a variety of
  applications such as shipping containers,
  industrial tanks, furniture, outdoor piping, boat
  docks, and playground equipment. China is the
  largest producer of shipping containers by volume
  and observes high demand for LLDPE material from
  neighboring economies such as India, Japan,
  Indonesia, and Vietnam. Implementation of trade
  agreements, such as AFTA and APTA, have led to an
  increased demand for shipping containers, which
  will provide a positive scope for the consumption
  of LLDPE.
• The demand for toys is growing rapidly in Asia
  owing to the innate need to fulfill childrens
  demands. This has led to the increased
  expenditure on toys and playground equipment for
  recreation. Toy products include pedal cars,
  playhouse, climb slide along with marine
  recreations such as kayak and canoes.
  Additionally, the concept of day care and play
  school has witnessed a high growth in this region
  over the last few years. These schools also
  procure playground equipment and toys to engage
  the minds of the children. This concept has
  further influenced the penetration of rotomoulded
  products in this sector.

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• Low per capita consumption of plastic products in
  India as compared to developed countries suggests
  that India hold huge market potential in the long
  term. The plastic industry is one of the fastest
  growing industries in the country, thus creating
  opportunities for the rotomoulding powder market.
  The availability of 2.5 MTPA plastics in the
  northern part of the country will spur downstream
  investment in the plastic industry.
• Key business competitors operational in Asia
  Pacific Rotomoulding Powder market are SCG
  Chemicals. Co., Ltd, Reliance Industries Limited,
  LyondellBasell, and Arkema. Notable industry
  players are adopting various strategies such as
  mergers, acquisitions, joint ventures and
  expansion of manufacturing volumes and facilities
  in the market. For instance, in June 2015, A.
  Schulman, Inc. acquired outstanding shares of
  HGGC Citadel Plastics Holdings, Inc. This
  strategy will help the company to expand its
  presence in North America and enhance its product
  portfolio in fast growing sectors including
  aerospace, medical and oil gas.

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