The Plastisols Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Plastisols Global Market Report 2024, The plastisols market size has grown strongly in recent years. It will grow from $23.41 billion in 2023 to $25.24 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. The growth in the historic period can be attributed to industrial applications, automotive sector demand, consumer goods manufacturing, medical and healthcare products, consumer preferences for pvc products.
The plastisols market size is expected to see strong growth in the next few years. It will grow to $33.65 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to advancements in formulation, growth in packaging industry, bio-based plastisols, regulatory support for sustainable materials, demand for soft touch and tactile finishes, adoption of plastisols in electronics. Major trends in the forecast period include innovation in product development, stringent regulations and compliance standards, collaborations and partnerships.
The growing demand for automobiles is expected to propel the growth of the plastisols market going forward. Automobiles refer to vehicles that have four wheels and include cars, trucks, and other vehicles. Plastisol is used in the manufacturing process of automobiles in grips for handles, insulation of various electrical components, limiting noise, vibration, friction, rubbing, and deadening impacts, aiding safety and comfort in various automobile component manufacturing. For instance, according to data by the China Association of Automobile Manufacturers, a China-based non-profit social organization of automobile manufacturers, auto sales reached 2.38 million units in August, increasing 32.1% from a year ago in China as of 2022. Furthermore, according to data by the Federation of Automobile Dealers Associations (FADA), an India-based association of automobile retailers, vehicle sales in August 2022 have reached 15,21,490 units, an increase of 8.3% over the 1,404,704 units sold until August 2021 in India. Therefore, the growing demand for automobiles is driving the plastisols market.
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The plastisols market covered in this report is segmented –
1) By Resin Type: Acrylic Resins, PVC Resins
2) By Application: Coatings, Moldings, Screen Printing, Adhesives and Sealants
3) By End-Use Industry: Construction, Military, Transportation, Medical, Textile, Agriculture, Metal Finishing, Other End-Use Industries
Product innovations have emerged as a key trend gaining popularity in the plastisols market. Major companies operating in the market are focused on innovating new products to gain a competitive edge in the market. For instance, in May 2021, Avient Corporation, a US-based company that manufactures plastisols launched avient specialty inks. These are unified line of additives and special effect inks for Plastisol. Avient Specialty Inks offers a variety of inks and colorants that are used in the screen printing, industrial, and textile industries and provides specialty inks for industrial applications as well as a spectrum of screen-printing inks for the textile industry.
The plastisols market report table of contents includes:
1. Executive Summary
2. Plastisols Market Characteristics
3. Plastisols Market Trends And Strategies
4. Plastisols Market – Macro Economic Scenario
5. Global Plastisols Market Size and Growth
……………..
31. Global Plastisols Market Competitive Benchmarking
32. Global Plastisols Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Plastisols Market
34. Plastisols Market Future Outlook and Potential Analysis
35. Appendix
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