Global Rotomolding Products Market is segmented By Material (Polycarbonate, Polyethylene, Polyurethane, PVC, Nylon, Polypropylene, Others), By Machine (Clamshell Machine, Shuttle Machine, Vertical or Rotational Machine, Carousel Machine, Swing Arm Machine, Others), By Application (Packaging, Agriculture, Building & Construction, Consumer Goods, Automotive, Marine, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023 - 2030
Market Overview
Global rotomolding products market reached USD 1.5 billion in 2022 and is expected to reach USD 2.4 bllion by 2030, growing with a CAGR of 6.2% during the forecast period 2023-2030. The rise in the use of polyethylene for roto molding due to its recyclable and environmentally friendly properties as well as the rising demand for rotomolded polyethylene due to its properties such as increased impact strength, high ductility, good chemical resistance and low weight further influence the rotomolding market.
Additionally, the rotomolding market is positively impacted by the rise in industrial product demand, expansion of the manufacturing sector, research and development and growing environmental awareness.
Manufacturers in U.S. is focusing on the capacity expansion as well as in the acquisitions and other merger activities. For instance, in June 2021, In order to accommodate additional demand, Trilogy Plastics, a full-service, ISO 9001-certified customised rotating moulder, has doubled capacity at its processing facility in Alliance, Ohio.
A 12th rotomolding products machine has been purchased by the company, which makes difficult-to-make rotating moulded parts, in order to keep up with the demand. A number of innovative programmes in various markets are supported by the new 220 rotomolding products machines. Therefore, U.S. accounts for more than 3/4th of the regional shares.
Report Scope
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Metrics |
Details |
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CAGR |
6.2% |
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Size Available for Years |
2021-2030 |
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Forecast Period |
2023-2030 |
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Data Availability |
Value (US$) |
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Segments Covered |
Material, Machine, Application and Region |
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Regions Covered |
North America, Europe, Asia-Pacific, South America and Middle East & Africa |
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Fastest Growing Region |
Asia-Pacific |
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Largest Region |
Asia-Pacific |
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Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Equipment Material Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis and Other key Insights. |
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Market Dynamics
Rising Innovations
Rotomolding is becoming more and more popular among manufacturers of all sizes since it is a low-cost and high-quality method of producing plastic parts. Trends and developments in roto molding are crucial resources for boosting the effectiveness of this procedure.
Advancements in precision molding technology, which allow manufacturers to produce more complicated parts than they could use conventional techniques, are one of the main components of roto-molding innovation. To assure improved quality of the finished product, innovation in roto molding also incorporates advancements in monitoring and quality control procedures.
In order for manufacturers to keep ahead of the competition given the increased need for roto molding, trends and developments in the field are necessary. The best outcomes can only be attained by making investments in innovation tools including precision molding technology, plastic modeling technology and quality monitoring. Therefore, the above mentioned factors drives the growth of the global rotomolding products market.
Prototyping Innovations
In recent years, rotomolding prototyping has evolved quickly, enabling considerably quicker and more effective scale production. Numerous companies are now able to save costs, speed up the product development process and subsequently add value to their operations because of the development of this technology.
New materials have been created for prototyping in order to stay up with these advancements in rotomolding. More complex rotomolding projects that may be manufactured on a wide scale are now possible through the use of lightweight materials with high strength and outstanding finishing. As a result, prototyping advancements support the expansion of the market for rotomolding goods globally.
Limitation on the Processing of Materials
Processing thermoplastic polymeric materials like polyethylene and polypropylene uses rotomolding technology. Additionally, the raw material utilized in the manufacturing of rotomolding products should have great thermal stability and be easily transformed from granules to fine powder.
This restricts the choice of materials for rotomolded goods to solely poly-based resins. The increasing demand for thermal stability drives up the price of raw materials as well as the cost of making material into powder.
Segmentation Analysis
The global rotomolding products market is segmented based on product, machine, application and region.
Building and Construction Drives the Segmental Growth
The market for rotomolding products was significantly contributed by the building and construction sector. Due to its reduced weight and increased durability, rotomolding products is frequently used in building projects since it meets the demanding needs of the sector.
For instance, according to the German Federal Statistics Office, the number of residential and non-residential building and construction operations in the German area increased from 222,678 in 2019 to 232,208 in 2020, a 4.3% of rise has been witnessed.
U.S. Census Bureau also reports that the number of privately owned housing units in U.S. climbed from 15,94,000 in June 2021 to 16,35,000 in July 2021, a 2.6% rise. As a result, the demand for rotomolding products is increasing, which is helping the rotomolding products market grow as construction activity increases globally.
Geographical Shares
Asia-Pacific to Dominate the Global Rotomolding Products Market
The rotomolding products market is dominated by Asia-Pacific. Automotive industries are expanding in Asia-Pacific industries like building and construction and as these industries expand, so does the demand for rotomolding products, which is boosting market growth.
For instance, the Ministry of Construction of Vietnam estimates that by 2025, the average house floor area in Vietnam per person would be 27 square metres, with 28 square metres in urban regions and 26 square metres in rural areas. Additionally, the policy aims to build and renovate over 11.9 million housing units or over 1 billion square metres.
Rotomolding Products Market Companies
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.
COVID-19 Impact Analysis
The rotomolding products’s supply chain for crucial raw materials including polypropylene, polyethylene and other comparable materials was damaged by the Covid-19 epidemic. Lockdowns imposed by the government had an impact on the imports and exports of certain raw commodities, disrupting the supply chain.
For example, the Internal Trade Centre (ITC) estimates that the global import of polyethylene with a specific gravity of 0.94 in main forms was USD 25,784 million in 2019 and USD 22,698 million in 2020, a decrease of 11.4%. Additionally, the global exports of polyethylene with a specific gravity of 0.94 in main forms decreased by 11.5% from USD 23,766 million in 2019 to USD 21,320 million in 2020. Therefore, this drop has had an negative impact in the global rotomolding products market.
Russia-Ukraine War Impact
Conflicts and geopolitical tensions can increase market uncertainty, which can lead to unpredictable commercial activity. The supply of plastic materials, which is what drives the market for rotomolding equipment, may slow down as a result of this uncertainty, which may further undermine investor confidence.
The war has resulted in the disruptions of the supply chain in the European countries, as Russia is one of the leading exporter of the crude oil and its derivatives, which further negatively impacted the growth of the European rotomolding products market.
Key Developments
- On May 12, 2022, The rotomolding products manufacturing assets of Step2 Co, LLC in Decatur have been purchased by Myers Industries, Inc. for an undisclosed amount.
- In June 2021, In order to accommodate additional demand, Trilogy Plastics, a full-service, ISO 9001-certified customised rotating moulder, has doubled capacity at its processing facility in Alliance, Ohio.
- In 2021, The assets of the former American Custom Rotomolding Facility in Maple Plain, Minnesota, have been acquired by Stern, allowing it to almost double its rotomolding products capacity.
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
