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Selbyville, Delaware, May 26, 2019 (GLOBE NEWSWIRE) –
According to a 2019 report, Global Market Insights, Inc., the market for rotational molding powders in Asia-Pacific is expected to grow from $ 2 billion in 2017 to about $ 7 billion in 2024. The high demand for storage tanks in residential areas , industrial, commercial and agricultural will stimulate the market. The Asia Pacific region has witnessed several upcoming agrochemical and energy production plants aimed at achieving self-sufficiency. These industries have a high demand for recycled and recycled freshwater and use storage tanks extensively for their process, which will drive demand for rotomolded tanks.
The increase in construction spending in economies such as Singapore, Indonesia, Malaysia and Vietnam will boost the market demand for rotomoulding powder for the Asia-Pacific in the world. construction industry. The industry extensively uses plastic in structural components, bathtubs and sinks, suspended tanks, door and window frames and interior finishes. PVC is a plastic commonly used in construction because it is cost effective and resistant to water and other chemicals. It also acts as a thermal insulation and has sealing benefits.
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The APAC logistics industry is considered to be generating high revenues worldwide due to the growth of trade and e-commerce. The growth of these sectors will increase the demand for handling equipment during the transportation, loading and unloading of goods. Increasing consumer spending on products and services will further support logistics and warehousing activities, thereby increasing the growth of the rotomolding powder market in the material handling industry.
Polyethylene is widely used in rotomoulded products. It is used for the manufacture of various products in various sectors, including agriculture, chemical tanks, medical, construction and automotive components. The demand for polyethylene will increase due to the collapse of imports of recycled PE as the Chinese government imposed heavy import duties. Physical properties such as stiffness, rigidity and stress resistance, combined with a wide range of rotomolded LLDPE products, will fuel the growth of the rotomolding powder market in the Asia-Pacific region.
The LLDPE material is used in various applications, such as shipping containers, industrial tanks, furniture, outdoor piping, boat docks and playground equipment. China is the largest producer of bulk shipping containers and observes a strong demand for LLDPE materials from neighboring economies such as India, Japan, Indonesia and the United States. Vietnam. The implementation of trade agreements, such as AFTA and APTA, has resulted in increased demand for shipping containers, which will provide a positive potential for LLDPE consumption.
Take a look through the main industry insights, spread over 200 pages, with 167 market data tables and 12 report figures and diagrams, "Size of the rotational molding powder market in Asia Pacific, by material (polyethylene, [Linear low-density polyethylene, High-density polyethylene, Medium-density Polyethylene, Low-density Polyethylene], Polypropylene), By Application (Tanks, Containers, Automotive, Construction, Material Handling, Leisure, Toys, Others), Industry Analysis Report, Perspectives by Country (China, India, Japan, South Korea) , Malaysia, Indonesia, Vietnam), Growth Potential, Price Trends, Competitive Market Share and Forecasts, 2018-2024 " in detail with the table of contents:
https://www.gminsights.com/industry-badysis/asia-pacific-rotomoulding-powder-market
Demand for toys is growing rapidly in Asia because of the innate need to meet the demands of children. This has resulted in increased spending on toys and play equipment for recreation. Toy products include pedal cars, theater, climbing and sliding, as well as marine recreation activities such as kayaking and canoeing. In addition, the concept of daycare and gaming school has experienced strong growth in this region in recent years. These schools also purchase play equipment and toys to engage children's minds. This concept has also influenced the penetration of the rotomolding powder market in this sector.
The low per capita consumption of plastic products in India compared to developed countries suggests that India has a huge market potential in the long run. The plastics industry is one of the fastest growing industries in the country, which creates opportunities for the rotomoulding powder market in the Asia-Pacific region. The availability of 2.5 MTPA plastics in the north of the country will boost downstream investments in the plastics industry.
The main competitors in the rotomolding powder market in Asia-Pacific are SCG Chemicals. Co., Ltd., Reliance Industries Limited, LyondellBasell and Arkema. The major players in the sector are adopting various strategies such as mergers, acquisitions, joint ventures and the expansion of manufacturing volumes and facilities on the market.
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About the world market
Global Market Insights, Inc., headquartered in Delaware, USA, is a global provider of market research and advisory services; offering subscribed and customized research reports as well as growth advisory services. Our business intelligence and industry research reports provide clients with insightful information and market intelligence specifically designed and presented to facilitate strategic decision-making. These comprehensive reports are designed using an exclusive research methodology and are available for key industries such as chemistry, advanced materials, technology, renewable energy and biotechnology.
Contact us: Arun Hegde Business Sales, United States Global Market Overview, Inc. Phone: 1-302-846-7766 Toll free: 1-888-689-0688 Email: [email protected] Web: https://www.gminsights.com
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