We present a new nonlinear axisymmetric finite element model for heat transfer and powder deposition in rotational molding. Arbitrary Lagrangian Eulerian techniques are employed to track the gradual growth of the plastic layer. Results using this approach compare well with earlier 1‐D models and with experimental data. Using the model to study the effects of locally enhanced heat transfer on part wall thickness, we find that controlling the relative magnitudes of radial and circumferential heat transfer is crucial in order to obtain desired wall thickness profiles.