Rotational Molding Market - Forecast(2023 - 2028)

Report Code: CMR 1438 Report Format: PDF + Excel

Rotational Molding Market Overview 

Rotational molding market size is forecast to reach US$6.3 billion by 2027, after growing at a CAGR of 5.2% during 2022-2027. The demand for rotation molding is increasing owing to its increasing demand from various end-use industries such as food and beverage, aerospace, industrial, and other related industries. The plastic powders are used in the rotational molding process to create the desired hollow plastic product because it provides a long-lasting, uniform, and appealing finish. Moreover, materials such as polyethylene, polyvinyl chloride, thermoplastic, and more are utilized in rotational molding to enhance the strength and durability of the products. The rotational molding market is majorly driven by the growth of building and construction activities across the world. Apart from this, the growing demand from the automotive industry for rotational molding will further benefit the rotational molding industry. 

COVID-19 Impact 

The Covid-19 pandemic impacted the supply chain of essential raw materials such as polypropylene, polyethylene, and other similar materials used for the manufacturing of rotational molding. The supply chain was disrupted due to government-induced lockdown measures, which impacted the imports and exports of such raw materials. For instance, according to Internal Trade Centre (ITC), in the year 2019, the import of polyethylene at the global level with a specific gravity of <0.94, in primary forms, was US$25,784 million, and in the year 2020, it was 22,698 million, a decline of 11.4%. Moreover, the exports of polyethylene with a specific gravity of <0.94 in primary forms in 2019 at the global level, was US$23,766 million, and in 2020, it was US$21,320 million, a decline of 11.5%. This decline impacted the production of rotational molding, which resulted in losses for the rotational molding market. However, to strengthen the economy and reduce the negative of the Covid-19 pandemic governments all over the world eased the measures, and also imports were encouraged to meet the shortage of raw materials, hence creating an opportunity for the rotational molding market growth. In addition, it is predicted that the impact of the Covid-19 pandemic will be reduced by the start of 2023, this will benefit the rotational molding market growth. 

Report Coverage 

The report: "Rotational Molding MarketForecast (2022-2027)”, by IndustryARC, covers an in-depth analysis of the following segments of the Rotational Molding Market. 

By Material: Polyethylene, Nylon, Plastisols, Polycarbonate, Elastomers, Ethylene-vinyl Acetate, Polyurethane, Polyvinyl chloride, Polypropylene, Thermoplastic, and Others 
By Form: Liquid and Powder 
By Application: Tanks, Containers, Storage Boxes, Road Barriers, Medical Stretchers, Roofing, and Others 
By End-Use Industry: Building and Construction (Residential Construction, Commercial Construction, Industrial Construction, and infrastructure), Food and Beverage(Frozen Food, Dairy Products, Fresh Food, Beverages (Alcoholic and Non-Alcoholic), and Others), Automotive(Passenger Cars, Light Commercial Vehicles (LCV), and Heavy Commercial Vehicles (HCV)), Medical, Agriculture, Aerospace(Commercial, Military, and Others), Industrial (Packaging, Marine, Furniture, and Others), and Others 
By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), Rest of the World (Middle East (Saudi Arabia, UAE, Israel, and Rest of Middle East), and Africa (South Africa, Nigeria, and Rest of Africa)) 

Key Takeaways 

  • Asia-Pacific region dominated the rotational molding market, owing to the growth of the residential construction activities in the region. For instance, according to General Statistics Office (GSO) Vietnam, in Vietnam in the years 2016-2019, the area of floors of residential buildings completed increased by 419 million m2, a rise of 18.6% over the period 2012-2015. 
  • The increasing focus of rotational molding manufacturers towards the use of biodegradable materials and recycled plastic is creating an opportunity for the growth of the rotational molding market. 
  • Moreover, plastic powders are widely utilized form in rotational moldings because when compared to liquid form it is much safer for the operators and it protects against corrosion, UV, wear, and chemicals, thereby increasing the durability of the products. 
  • However, environmental concerns, high cycle time, and other factors are restricting the growth of the rotational molding market. 

Figure: Asia-Pacific Rotational Molding Market Revenue, 2021-2027 (US$ Billion)

Rotational Molding Market Revenue

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Rotational Molding Market Segment Analysis – By Material 

The polyethylene material held the largest share in the rotational molding market in 2021 and is growing at a CAGR of 5.4% during 2022-2027. Polyethylene material is extensively utilized in rotational molding because it has a higher surface hardness, rigidity, toughness, and chemical resistance, which is ideal for large tanks, containers, and other similar rotational molding applications. Furthermore, the easy availability of polyethylene across the world makes it a cost-effective material for its usage in rotational molding. Also, in comparison with other materials such as polyvinyl chloride, thermoplastic, and other similar materials it has superior and beneficial technical properties including higher flexibility, durability, and more, this makes the rotational molding more durable. Thus, these factors are accelerating the demand for polyethylene material, which is beneficial for the rotational molding market.

Rotational Molding Market Segment Analysis – By End-Use Industry 

The building and construction industry held the largest share in the rotational molding market in 2021 and is growing at a CAGR of 6.8% during 2022-2027. Rotational molding is widely utilized in construction activities because it is lighter and more durable, making it suited for the construction industry's demanding requirements. Furthermore, compared to other production methods, rotational molding allows for more design freedom, enabling the rapid and cost-effective development of highly customized parts and specialized components. Also, the increasing power of people across the world is accelerating the demand for residential construction activities, which is boosting the rotational molding market growth. For instance, according to the German Federal Statistics Office, in 2019, the residential and non-residential building and construction activities in the German region were 222,678 and in 2020 it was 232,208, an increase of 4.3%. Also, according to Unites States Census Bureau, in June 2021 statistics shows that US privately-owned housing units were 15,94,000 and in July 2021 it increased to 16,35,000, an increase of 2.6%. Thus, the growing construction activities across the world are boosting the demand for rotational molding, which in turn is aiding the rotational molding market growth.

Rotational Molding Market Segment Analysis – By Geography 

Asia-Pacific region held the largest share in the rotational molding market in 2021, up to 39%. In the Asia-Pacific region sectors such as building and construction, automotive industries are growing, and with the growth of these industries, the demand for rotational molding is growing, which is strengthening the market growth. For instance, according to the Ministry of Construction Vietnam, by 2025, the average house floor area per person in Vietnam would be 27 sqm, with 28 sq m in urban areas and 26 sqm in rural areas. In addition, the policy seeks to construct and restore more than one billion sqm of housing, or over 11.9 million units. In addition to this, according to the Organisation Internationale des Constructeurs d'Automobiles (OICA), in production of automotive in the Asia-Pacific region till September 2020 was 29,373,175 units, and till September 2021 it was 32,674,417 units, an increase of 11%. Thus, the increasing residential construction activities and automotive production in the Asia-Pacific region are accelerating the rotational molding market growth.

Rotational Molding Market Drivers 

Bolstering Electronic Vehicle Industry 

Rotational molding is employed in electric vehicle bodies to enhance the strength of the electric vehicle body. Also, when compared with steel and more similar materials rotational molding is a cost-effective measure for electric vehicle usage. Thus, these factors make rotational molding ideal for an electric vehicle. Since the demand for electric vehicles is increasing, due to tax benefits, monetary incentives, and other such factors, the production of electric vehicles is increasing. Hence, the demand for rotational molding is growing, which is propelling the rotational molding market growth. For instance, according to International Energy Agency (IEA), in the year 2019, the total production of battery-based cars at the global level was 1,502,985, and in 2020 it was 2,089366, there was an increase in the production of battery-based cars by about 39% when compared to 2019. Moreover, in the year 2019, the total production of plug-in hybrid cars worldwide was 526,101, and in 2020 it was 984,850, with an increase of 87.2% in comparison with the year 2019. Thus, with the increasing production of electric vehicles, it is projected to further drive the rotational molding market growth during the forecast period. 

Growth of the Industrial sector 

In an industrial sector such as packaging, marine, and other sectors rotational molding is utilized to increase the durability of essential components and markets. Rotational molding is the ideal technology for making parts and components that are deployed in marine ships, yachts, boats, and more because of its lower weight, improved corrosion resistance, and joint-free manufacture. The increasing yacht construction projects across the world are boosting the rotational molding market growth. For instance, as of January 2022, yacht construction projects such as REV Ocean, Norway to be completed by 2024, Project Blue Germany, 2023, Oceanco Y721, Netherlands, 2022, and more are under construction. Also, Rotational molding is used in the packaging sector because it produces little waste and uses the exact weight of plastic needed, making it a cost-effective solution for the packaging industry. Further, the growing packaging industry is driving market growth. For instance, according to the Packaging Sector Association of India, the Indian packaging industry was valued at approximately US$ 50.5 billion in 2019 and is predicted to grow to approximately US$ 204.81 billion by the end of 2025. Thus, the growing industrial sector including marine and packaging is benefiting the growth of the rotational molding market. 

Rotational Molding Market Challenges 

Drawbacks Related to Rotational Molding 

The rotational molding requires a high cycle time, usually eight revolutions per minute, and can take up to three hours to create one product, thus making the manufacturing process time-consuming when compared to other plastic manufacturing techniques. Also, the raw material used in the rotational molding process must be in fine powder form or quickly transformed from granules to fine powder and must have excellent heat stability, limiting raw material choices to poly-based resins. In addition, in the case of rotational molding, the entire mold must be cooled, whereas, in other methods, only the product must be cooled before being removed. These rotational molding difficulties are projected to stymie the rotational molding market. 

Rotational Molding Industry Outlook

Technology launches, acquisitions, and increased R&D activities are key strategies adopted by players in this market. Rotational Molding top 10 companies include:

  1. Ocean Plastic Intertrade Co., Ltd. 
  2. A.G. Industries Pvt. Ltd 
  3. Top Rotomolding Technology Co., Ltd 
  4. Ningbo Fly Plastic Co., Ltd 
  5. Yantai Fangda Rotational Molding Co. Ltd 
  6. Cosmos Corporation Co. Ltd 
  7. Changzhou Treering plastic Co., Ltd 
  8. Swastik Rotomatic 
  9. N.A.Roto Machines &Moulds 
  10. Charloma Inc. 

Recent Developments

  • In January 2021, Tank Holding, North America’s largest rotational molder manufacturer, has acquired Rotational Molding Inc. headquartered in California. The acquisition enables Tank Holding to expand its position in the rotational molding market. 
  • In November 2020, Elkhart Plastics, Inc., one of the major rotational molding companies in the United States, was acquired by Myers Industries, Inc. The acquisition is the latest step in Myers' long-term strategic plan to turn the company into a high-growth, customer-centric innovator of value-added engineered plastic solutions. 

Relevant Reports 

Report Code: CMR 0790 

Report Code: CMR 1215

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1. Rotational Molding Market: Market Overview
    1.1 Definitions and Scope
2. Rotational Molding Market- Executive Summary 
    2.1 Key Trends by Material
    2.2 Key Trends by Form
    2.3 Key Trends by Application 
    2.4 Key Trends by End-Use Industry 
    2.5 Key Trends by Geography
3. Rotational Molding Market– Comparative analysis
    3.1 Market Share Analysis- Major Companies 
    3.2 Product Benchmarking- Major Companies 
    3.4 Top 5 Financials Analysis 
    3.5 Patent Analysis- Major Companies 
    3.6 Pricing Analysis (ASPs will be provided) 
4. Rotational Molding Market- Startup companies Scenario Premium Premium 
    4.1 Major startup company analysis: 
        4.1.1 Investment 
        4.1.2 Revenue 
        4.1.3 Product portfolio 
        4.1.4 Venture Capital and Funding Scenario 
5. Rotational Molding Market– Industry Market Entry Scenario Premium Premium 
    5.1 Regulatory Framework Overview 
    5.2 New Business and Ease of Doing Business Index 
    5.3 Successful Venture Profiles 
    5.4 Customer Analysis – Major companies 
6. Rotational Molding Market- Market Forces 
    6.1 Market Drivers 
    6.2 Market Constraints 
    6.3 Porters Five Force Model 
        6.3.1 Bargaining Power of Suppliers 
        6.3.2 Bargaining Powers of Buyers 
        6.3.3 Threat of New Entrants 
        6.3.4 Competitive Rivalry 
        6.3.5 Threat of Substitutes
7. Rotational Molding Market– Strategic Analysis 
    7.1 Value/Supply Chain Analysis 
    7.2 Opportunity Analysis 
    7.3 Product/Market Life Cycle 
    7.4 Distributor Analysis – Major Companies 
8. Rotational Molding Market-By Material (Market Size –US$ Million/Billion) 
    8.1 Polyethylene
    8.2 Nylon 
    8.3 Plastisols 
    8.4 Polycarbonate 
    8.5 Elastomers 
    8.6 Ethylene-vinyl acetate 
    8.7 Polyurethane 
    8.8 Polyvinyl chloride 
    8.9 Polypropylene 
    8.10 Thermoplastic 
    8.11 Others 
9. Rotational Molding Market-By Form (Market Size –US$ Million/Billion) 
    9.1 Liquid 
    9.2 Powder 
10. Rotational Molding Market-By Application (Market Size -US$ Million/Billion) 
    10.1 Tanks 
    10.2 Containers 
    10.3 Storage Boxes 
    10.4 Road Barriers 
    10.5 Medical Stretchers 
    10.6 Roofing 
    10.7 Others 
11. Rotational Molding Market-By End-Use Industry (Market Size -US$ Million/Billion) 
    11.1 Building and Construction 
        11.1.1 Residential Construction 
        11.1.2 Commercial Construction 
        11.1.3 Industrial Construction 
        11.1.4 Infrastructure 
    11.2 Food and Beverage 
        11.2.1 Frozen Food 
        11.2.2 Dairy Products 
        11.2.3 Fresh Food 
        11.2.4 Beverages 
            11.2.4.1 Alcoholic
            11.2.4.2 Non-Alcoholic 
        11.2.5 Others 
    11.3 Automotive 
        11.3.1 Passenger Cars 
        11.3.2 Light Commercial Vehicles (LCV) 
        11.3.3 Heavy Commercial Vehicles (HCV) 
    11.4 Medical 
    11.5 Agriculture
    11.6 Aerospace 
        11.6.1 Commercial 
        11.6.2 Military 
        11.6.3 Others 
    11.7 Industrial 
        11.7.1 Packaging 
        11.7.2 Marine 
        11.7.3 Furniture 
        11.7.4 Others 
    11.8 Others
12. Rotational Molding Market-By Geography (Market Size -US$ Million/Billion) 
    12.1 North America 
        12.1.1 USA 
        12.1.2 Canada 
        12.1.3 Mexico 
    12.2 Europe 
        12.2.1 UK 
        12.2.2 Germany 
        12.2.3 France 
        12.2.4 Italy 
        12.2.5 Netherlands 
        12.2.6 Spain 
        12.2.7 Russia 
        12.2.8 Belgium 
        12.2.9 Rest of Europe 
    12.3 Asia-Pacific 
        12.3.1 China 
        12.3.2 Japan 
        12.3.3 India 
        12.3.4 South Korea 
        12.3.5 Australia and New Zealand 
        12.3.6 Indonesia 
        12.3.7 Taiwan 
        12.3.8 Malaysia 
        12.3.9 Rest of APAC 
    12.4 South America 
        12.4.1 Brazil 
        12.4.2 Argentina 
        12.4.3 Colombia 
        12.4.4 Chile 
        12.4.5 Rest of South America 
    12.5 Rest of the World 
        12.5.1 Middle East 
            12.5.1.1 Saudi Arabia 
            12.5.1.2 UAE 
            12.5.1.3 Israel 
            12.5.1.4 Rest of Middle East 
        12.5.2 Africa 
            12.5.2.1 South Africa 
            12.5.2.2 Nigeria 
            12.5.2.3 Rest of Africa 
13. Rotational Molding Market – Entropy
    13.1 New Product Launches 
    13.2 M&As, Collaborations, JVs and Partnerships 
14. Rotational Molding Market–Industry / Segment Competition landscape Premium Premium 
    14.1 Company Benchmarking Matrix – Major Companies 
    14.2 Market Share at Global Level - Major companies 
    14.3 Market Share by Key Region - Major companies 
    14.4 Market Share by Key Country - Major companies 
    14.5 Market Share by Key Application - Major companies 
    14.6 Market Share by Key Product Type/Product category- Major companies 
15. Rotational Molding Market – Key Company List by Country Premium Premium 
16. Rotational Molding Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments 
    16.1 Company 1 
    16.2 Company 2 
    16.3 Company 3 
    16.4 Company 4 
    16.5 Company 5 
    16.6 Company 6 
    16.7 Company 7 
    16.8 Company 8 
    16.9 Company 9 
    16.10 Company 10 and more 
"*Financials would be provided on a best efforts basis for private companies"