Asia Pacific Rotomoulding Powder Market to grow at 17.5% CAGR till 2024 - PowerPoint PPT Presentation

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

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More Information @ Asia Pacific Rotomoulding Powder Market size is estimated to surpass USD 7 billion by 2024; according to a new research report by Global Market Insights, Inc.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. – PowerPoint PPT presentation

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


1
Global Asia Pacific Rotomoulding Powder Market to
expand 7 Bn by 2024 Global Market Insights Inc.
2
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.

3
Continue
  • 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.

4

Browse Full Market Research Report Of Asia
Pacific Rotomoulding Market _at_ https//bit.ly/2I1xm
vK Request for a Sample of this Research
report _at_ https//bit.ly/2WjlGsc
5
Asia Pacific Rotomoulding Powder Market, By
Material, 2017 2024 (USD Million)

6
Industry Coverage

7
Continue
  • 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.

8
Continue
  • 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.

9
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