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Manufacturers in rotomolding market keen to improve sustainability quotient by adopting bio-derived materials, cost-effective products a priority: TMR

- Rotational Molding Market Vendors Focused on Improving the Lifespan of Rotational Molded Products with Revenues to Exceed $7.7 Billion by 2030
- Company diversifies its product portfolio in the age of COVID-19 and relies on meeting critical project needs in end-use industries
ALBANY, N.Y., March 11, 2021 /PRNewswire/ — Rotational molding technology is used to make plastics for a wide range of applications.The main thermoplastics used in this process are polyethylene and polypropylene.The increasing popularity of new technologies and instruments such as 3D (three-dimensional) CAD (Computer Aided Design) design has helped companies in the rotational molding market to develop cost-effective products on a large scale.The main applications where rotomoulded products are widely used are water treatment, agriculture and construction.Emerging applications include automotive, toy manufacturing and material handling.Sustainable production practices are likely to shape the contours of the rotational molding market in the years to come.
The global market is expected to grow at a CAGR of approximately 6% during the 2020-2030 period, with an end-of-life valuation of over $7.7 billion.The versatility of plastic rotomolding is a key trend that will drive demand for multiple applications using plastics.
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Against the backdrop of the massive COVID-19 outbreak, especially in 2020, companies in the rotational molding market have been consolidating their efforts in applications that require urgent attention.Therefore, they are keen to provide customers with rotomoulded products for applications in sewage treatment, medical industry and traffic management.This shift has helped them maintain business agility and the bottom line.Additionally, they focus on selling cost-effective products to B2B customers.
One of the main trends that is gaining traction among rotomolding manufacturers is the focus on developing sustainable products.As such, the rotational molding market is witnessing a demand for products made with biodegradable resins and the use of more bio-derived materials.These will also help shape the image of these companies as socially and ecologically responsible brands.To this end, stakeholders are also investing heavily in plastic recycling infrastructure.This trend will also maintain its luster in the years to come.However, the limited choice of raw materials is a major challenge.Since rotational molding involves an intensive heat treatment process, poly-based resins are mostly used.As a result, new technologies have emerged to address these operational challenges facing manufacturers.For example, in order to meet the customization needs of the manufacturing process, researchers have conducted extensive research on the mold pressurization process.
Demand for custom rotomolding has surged in many emerging markets, especially India.This processing technology is widely used to manufacture products such as fuel tanks, chemical tanks and thermoplastics for solid waste management applications.Additionally, the demand for rotational molding with superior durability, fade resistance and brightness is attracting the attention of their commercial buyers.
Asia Pacific is a potentially lucrative regional market.The growth in opportunities is mainly attributable to the increased demand for such products in the construction industry.Rising demand for affordable housing from both the public and private sectors is a major trend driving growth in the region’s emerging economies.
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Companies with prominent positions are PartnerPlast Group, Roto Dynamics Inc., Dutchland Plastics and Elkhart Plastics, Inc.Other well-entrenched companies are Sherman Roto Tank, Carris Pipes & Tubes Private Limited and Rotoplast SAS.
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Mr. Rohit BhiseyTransparency Market ResearchState Tower, 90 State Street, Suite 700, Albany NY – 12207 United States United States – Canada Toll Free: 866-552-3453 Email: [email protected] Press Release Source: https://www.transparencymarketresearch .com/pressrelease/rotomolding-market.htm Website: http://www.transparencymarketresearch.com

Post time: Jun-20-2022