Rotomolding Market Size

Rotomolding Market size was valued at USD 5.32 Billion in 2023 and is likely to reach USD 11.77 Billion by the end of 2036, expanding at around 6.3% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of rotomolding is assessed at USD 5.66 Billion. The growth of the market can be attributed to the skyrocketing sales of the rotational molding machine, less price, rising popularity during the Coronavirus, and improving the production process and work environment that help to hold the operatives of the plant. For instance, the total units of rotational molding machines sold worldwide were anticipated to be about 10,000 in 2022 which is further expected to reach around 30,000 by the year 2029.

Global rotomolding market trends such as escalation in the rotomolding demand in the automotive industry and higher requirements for drums containers and tanks are projected to influence the growth of the market positively over the forecast period. For instance, the sales of automobiles were anticipated to drop to around 65 million units in 2021. Rotomolding, also referred to as rotational molding, is a technology that is mainly used to make parts with high-quality stability and finishes. Hence, all these facts are expected to propel the growth of the market over the forecast period.