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Plastisols Market Report
Plastisols Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2023-2028
"The global plastisols market is likely to rebound at a significant CAGR of 6.5% to reach a value of US$ 30.64 billion by 2028."
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Plastisols are a kind of liquid polymer mixture (compound) that, when passed through a heating process, can be easily transformed into a solid, flexible, and highly durable material. They find their applications across various industries not only for their versatility and durability but also for other characteristics like high heat resistance, excellent adhesion, and very high viscosity. These plastisols are mostly made of two resins, i.e., either polyvinyl chloride (PVC) or acrylic. And these plastisols are used for various applications like coatings, moldings, screen printing, adhesives, and sealants. These applications are used accordingly in many end-user industries, with key industries being construction, automotive, and textiles.
Multiple factors driving the plastisols market, with some of the factors being –
The growing demand for printed textiles, which leads to increasing demand for coating inks, growing consumer needs for color and attractive fabrics, flexible fiscal policies by the government for the import & export of plastisols, and growing government support for development and advancement in the global textile industry. Despite many growth factors, there is one key restraining factor that is hampering the growth of the market in the long run, i.e., large amount of wastewater generated by plastic inks leads to increasing pesticides and other pollutants, which ultimately lead to various health hazard. The government has imposed stringent environmental laws to control the release of these materials, which will hinder the growth of this market over the forecasting period.
Due to the COVID-19 pandemic and, afterward, the Russia-Ukraine war, the plastisols market suffered heavily due to disruptions in the supply chain across the globe and later due to a rise in commodity prices. The market suffers mainly because the major end-user industries like construction and automotive suffered a lot during the pandemic. All these factors slowed the growth of the market in the short term. But after 2022, the market is expected to make a recovery with the resumption of activities and the increase of local companies in emerging economies.
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Segmentations |
List of Sub-Segments |
Dominant and Fastest-Growing Segments |
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Resin-Type Analysis |
Polyvinyl Chloride (PVC) and Acrylic |
PVC resins are the most dominant resin in the plastisols market. |
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Application-Type Analysis |
Coatings, Moldings, Screen Printing, Adhesives, and Sealants |
Coatings are the most preferred application in the plastisols market. |
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End-User-Type Analysis |
Construction, Automotive, Textiles, and Others |
Textiles are the most dominant end-user whereas construction will be the fastest-growing end-user in the market. |
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Regional Analysis |
North America, Europe, Asia-Pacific, and The Rest of the World |
Asia-Pacific is the most dominant as well as fastest-growing region in the market. |
"The polyvinyl chloride resin type accounted for the largest market share."
The market is segmented into polyvinyl chloride (PVC) and acrylic. The polyvinyl chloride resin type will remain the dominant type in the plastisols market. The key reason for the same is that even though acrylic resin are more eco-friendly, PVC resins-based plastisols are better compatible with plasticizers used in plastisols, exhibit better heat resistance than acrylic resins, and lastly, are more cost-effective than acrylic resins. Hence, the dominance of these resins in the plastisols market.
"The coating application accounted for the largest market share."
The market is segmented into coatings, molding, screen printing, adhesives, and sealants. The coating application will be the largest application type in the overall plastisols market during the forecasting period, contributing to more than 25% of the market. The dominance of coatings is due to the high usage of these compounds, as they provide excellent insulation, corrosion resistance, and chemical resistance to products. Also, rising construction and infrastructure will further add to the dominance of coating applications in the forecasting period.
"The textiles segment accounted for the largest market share."
"Asia-Pacific accounted for the largest market share."
Asia-Pacific is expected to remain the largest market for plastisols over the forecasting period. This is due to the fact that the region has a high manufacturing base for textile ink production. Also, the region has a huge automotive sector, which is already dominant across the globe. Also, Asia-Pacific is expected to be the fastest-growing for plastisols market over the forecast period, as the region has had a fast-expanding textile business over the years. Also, the region is experiencing continuous construction and infrastructure expansion in countries like India and China. Also, there are high investments as well as support from the government to promote textile advancement in the region. All these factors contribute to the excellent growth of this region in the market.
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The market is highly populated, with the presence of several local, regional, and global players. Most of the major players compete in some of the governing factors, including price, product offerings, regional presence, etc. The following are the key players in the plastisols market:
Note: The above list does not necessarily include all the top players in the market.
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This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market.
What deliverables will you get in this report?
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Key questions this report answers |
Relevant contents in the report |
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How big is the sales opportunity? |
In-depth analysis of the Plastisols Market |
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How lucrative is the future? |
Market forecast and trend data and emerging trends |
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Which regions offer the best sales opportunities? |
Global, regional and country level historical data and forecasts |
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Which are the most attractive market segments? |
Market segment analysis and forecast |
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Which are the top players and their market positioning? |
Competitive landscape analysis, Market share analysis |
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How complex is the business environment? |
Porter’s five forces analysis, PEST analysis, Life cycle analysis |
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What are the factors affecting the market? |
Drivers & challenges |
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Will I get the information on my specific requirement? |
10% free customization |
The plastisols market is segmented into the following categories:
By Resin Type
By Application Type
By End-User Type
By Region
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s plastisols market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Competitive Benchmarking
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com
Plastisols are a kind of liquid polymer mixture (compound) that, when passed through a heating process, can be easily transformed into a solid, flexible, and highly durable material. They find their applications across various industries not only for their versatility and durability but also for other characteristics like – high heat resistance, excellent adhesion, and very high viscosity.
Distributors, suppliers, manufacturers, logistics organizations, and government bodies.
The plastisols market is estimated to grow at a healthy CAGR of 6.5% over the next five years to reach a value of US$30.64 Billion in 2028, driven by growing demand for printed textiles, which leads to increasing demand for coating inks, growing consumer needs for color and attractive fabrics, flexible fiscal policies by the government for import & export of plastisols, and growing government support for development and advancement in the global textile industry.
Asia-Pacific is expected to remain the largest market for plastisols over the forecasting period. This is due to the fact that the region has a high manufacturing base for textile ink production. Also, the region has a huge automotive sector, which is already dominant across the globe.
Asia-Pacific is expected to be the fastest-growing for plastisols market over the forecast period as the region has had a fast-expanding textile business over the years. Also, the region is experiencing continuous construction and infrastructure expansion in countries like India and China. Also, there are high investments as well as support from the government to promote textile advancement in the region. All these factors contribute to the excellent growth of this region in the market.
The textiles segment will be the largest end-user industry in the market during the forecasted period. The reason for the same is the increasing usage of printed fabrics and the increasing demand for aesthetic home furnishing.
3M, Avient Corporation, Carlisle Plastics Company, Incorporated, Croda International Plc, Dow Chemical Corporation, Franklin International, Fujifilm Holdings Corporation, HuberGroup, Lancer Group International, Patcham FZC, Plastisols Products, Incorporated, and PolyBlend UK Limited are the leading players in the plastisols market.
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