Efficient and advanced tools and techniques are used to prepare a persuasive Rotomolding Products market research report that includes SWOT analysis and Porter's Five Forces Analysis. This market report helps build organization and make better decisions for driving the business on the right track. It has become the necessity of this rapidly changing market place to take up such market report that makes aware about the market environment. This market document acts as a backbone to the business. An international Rotomolding Products market report helps to develop a successful marketing strategy for the business.
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Data Bridge Market Research analyses that the global rotomolding products market is expected to reach the value of USD 2,559,024.55 thousand by 2030, at a CAGR of 6.0% during the forecast period.
Rotomolding is a production process to form hollow parts of limitless size. This is a cost-effective method to produce large plastic parts. Resins are added into a mold that’s heated and rotated slowly, both vertically and horizontally. The simultaneous heating and rotation distribute and fuses the resin on the inner surfaces of the mold. The result is a product that contains seamless parts with a uniform wall thickness with more material in corners to absorb shocks and stresses where they occur most.
Major Players:
Data Bridge Market Research recognizes the following companies as the major global rotomolding products market players in Global rotomolding products market are Rotoplast S.A.S.(Colombia), K. K. Nag Pvt. Ltd (India), FIBERTECH PLASTICS(U.S.), Top Rotomolding Technology Co., Ltd.(China), Yantai Fangda Rotational Molding Co., Ltd(China), Rotovia(Iceland), Carris Pipes & Tubes Private Limited(India), Starplast S.r.l.(Italy), PartnerPlast(Norway), ROTOMADE(Luxembourg), Comos Corporation Co., Ltd(Thailand), Rototek Limited(U.K.), Tank Holding Corp.(U.S.), Sherman Roto Tank(Texas), Dutchland Plastics(Wisconsin), Ocean Plastic Intertrade Co., Ltd.(Thailand), Ningbo Fly Plastic Co., Ltd.(China), Changzhou Treering Plastics Co., ltd(China), and Myers Industries(Ohio) among others.
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Market Development:
- In June 2022, it was published in an article that Rotovia has bought Berry’s rotational molding operations. It will be a driver for Rotovia’s growth as a manufacturer of rotomolded products.
- In June 2021, ROTOMADE acquired SAT VV 6000 equipment in order to be in line with their customer’s expectations. It is the newest addition to their already existing (SAT C 3000, SAT M 4000, SAT VV 5000, SAT S 2300) production units. It will be helpful for the company as it has a better production capacity, allowing it to manufacture larger products (up to 20,000 liters).
- In November 2017, PartnerPlast acquired the electronic technology company Powex AS (Molde). PowerPlast already owned 40% shares of Powex AS, but now it has completely taken ownership by buying 100% shares. This acquisition will strengthen the development capacity of both companies. It will lead to the growth of the rotomolding market as PartnerPlast will be able to improve its seismic and offshore products.
- In August 2021, Myers Industries, Inc. announced the acquisition of Trilogy Plastics' assets, which it financed with its revolving credit line. Trilogy Plastics is a top-tier bespoke rotational molder that specializes in high-quality, high-tolerance parts and assemblies. Horizon 1 of the long-term plan focusing on value-added bolt-on acquisitions is being accelerated with this transaction.
- In June 2020, Dutchland Plastics announced the official release of its product transfer process for companies looking to improve quality and dependable delivery. Dutchland’s QuickConnect program easily and seamlessly allows businesses to expand operations or move production to Dutchland with maximum speed and efficiency, and minimal supply chain interruption. This will help the company to expand their product portfolio and grow in the market.
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FREQUENTLY ASK QUESTIONS:
- At what growth rate will the market be projected to grow during the forecast period of 2023 to 2030?
- What will be the market value in the future?
- Who are the major players operating in the market?
- Which countries data are covered in the report?
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