Plastisols Market, By Application (Coatings, Moldings, Screen Printing, and Adhesives & Sealants), By End-Use Industry (Textile, Construction, Transportation, Metal Finishing, Defense, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034

Report Code: PMI16019 | Publish Date: March 2024 | No. of Pages: 170

Global Plastisols Market By Application Overview

Introduction:

Plastisols Market was valued at US$ 25.9 billion in 2024 and is projected to grow at a CAGR of 7.6% to reach US$ 50.5 billion by 2034.

Plastisols, commonly referred to as vinyl pastes, are liquid dispersions of polyvinyl chloride (PVC) resins in plasticizers. The only ingredients in plastisols are pastes or viscous liquids that are entirely solid; when heated to a reasonably high temperature, they gel and solidify. It is included into materials to reduce thickness or viscosity. Plastisol adheres well to most types of (oiled) metals and plastics, making it a popular choice for applications requiring minimal flammability at a reasonable price. Plastisols have an infinite range of colors and qualities like as hardness, abrasion resistance, chemical resistance, and flexibility. It is frequently used for purposes other than molding, such as dip-coating and as a textile ink for screen printing on furniture and roofing. Plastisols are a favored material for constructing caps, handles, grips, and curved technical components. They are also excellent at withstanding chemicals and are anti-corrosive, chemical-resistant, protective, and aesthetically pleasing plastic coverings for metal items.

The expansion of end-use industries like aerospace, medical, and electrical is driving the plastisols market's explosive growth. The main factor propelling market expansion is the escalating price of research and development. In addition, the growing textile industry, the growing government efforts for progress, the growing automobile sector, and population growth are all contributing factors to the plastisols market. The market for plastisols is also growing due to other variables including the quickening pace of the digital printing sector and the greater accessibility of minerals for better sealer formulations. 

However, severe environmental worries around the use of polyvinyl chloride (PVC). This might have a negative impact on the global plastisol market over the projected period as countries with significant air pollution would want to take steps to limit the quantity of pollutants produced into the environment. as well as stronger customer negotiating power and an emphasis on improved or high-quality goods at competitive costs may impede industry growth. Additionally, the substantial emission of dioxin and dioxin-like compounds during PVC manufacture may complicate the market's rate of expansion.

The growing need for adaptable and long-lasting polymer-based coatings, adhesives, and molding compounds is propelling the market for plastisols worldwide. Plastisols have several benefits, including superior flexibility, adhesion, and chemical and abrasion resistance. The market offers potential for suppliers and manufacturers due to the expansion of end-use industries, technical improvements, and the demand for sustainable solutions. Industry players might prosper in the changing plastisols market by concentrating on product innovation, collaboration, and customization.

Introduction - Plastisols Market

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

Global Plastisols Market By Application Dynamics

Plastisols Market Key Drivers:

  • Evolving textile market

The textile market is evolving and printing is essential in this field, screen printing is the preferred option for printing fabrics. Plastic inks are widely used in textile coating and inking due to their cost effectiveness, opacity, and excellent performance on fabrics. The growing demand for printed textiles is accelerating the demand for coating inks in the industrial textile industry. in addition, the growing consumer preference for color patterns and attractive patterned fabrics is further driving the growth of the plastisol market.

  • Government strategies on import and export

The government's supportive tax policies on the import, export, and commercialization of plastics are also contributing to the expansion of the plastics sector. Furthermore, plastisol coating use has been mandated by the governments of some nations. For example, in the furniture, transportation, and upholstery sectors, the use of plastisol coatings as flame retardants has been mandated as a consumer safety measure. This is due to the mixture's superior heat and fire resistance. The market is expanding as a result of growing government assistance for the expansion and development of the textile sector.

  • Ever-growing demands in the Automobile sector

The market for plastisols is anticipated to rise in the future due to the rising demand for cars. Four-wheeled vehicles, such as cars and trucks, are referred to as automobiles. Plastisol is used in the car manufacturing process to make grips for handles, insulate different electrical components, reduce noise, vibration, friction, rubbing, and impact dampening, and improve comfort and safety in the production of numerous automotive components. Therefore, extensive use of plastisols is required in the automobile market. Thus, the market for plastisols is being driven by the rising demand for cars.

Plastisols Market Restrains:

  • Environmental factors

The substantial toxicity of vinyl chloride and phthalates is probably set to hinder the plastisol market's expansion. Large volumes of wastewater, including pesticides based on organic chlorine and heavy metals, are produced by the use of plastic inks in the textile sector. As a result, the process's effluent discharge merely pollutes the environment and poses a health risk. Environmental rules have been implemented to regulate the discharge of such materials in order to tackle this problem and hinder the expansion of the plastisol market.

Plastisols Market Opportunities:

The global players in the plastisol market should benefit from the expanding use of digital screen printing. It is anticipated that market developments, such as the introduction of new goods, would support the industry's expansion. In order to hold onto their market shares, the major producers of plastisol have chosen to implement the new product launch plan. In order to launch new goods, manufacturers are investing in expanding their plastisol production capacity. There are several competitors in the worldwide plastisols market.

Global Plastisols Market By Application Segmentation

Plastisols Market is segmented based on Application, End-Use Industry and Region.

Application Insights:

  • Coatings:

Plastisols are used for coatings for roofing and flooring of buildings, for waterproof coatings of textiles, furniture coatings and coating other surfaces. Increased building activity, the need for functional fabrics, and the need for protective gear are driving growth of the plastisols market. There are many profitable prospects when eco-friendly and high-performance coatings are developed.

  • Moldings:

Products such as toys, hoses, electrical components, and medical gadgets are made flexible and durable by using moldings. The consumer goods and healthcare industries fuel demand, while the automobile and aerospace sectors have room to grow in the plastisols market.

  • Screen Printing:

Plastisols are used in screen printing to create images and designs on promotional goods, electronics, textiles, and signage. The market is expanding because to the opportunity for specialized applications and individual customization offered by the apparel and advertising sectors.

  • Adhesives & Sealants:

Plastisols are used in adhesives and sealants used in packaging, automotive, construction, and other sectors for bonding and sealing. Strong development potential is evident from its adaptability and the rising need for long-lasting and leak-proof bonding solutions.

Out of every segment discussed above, the Coatings segment dominated the target market the most because of the growing infrastructure, with many architects, contractors, and engineers using Plastisol, particularly for coating applications. Plastisols are a versatile coating that have ornamental, protective, and utilitarian uses.

End-Use Industry Insights:

  • Textile:

Plastisols have extensive applications in printing, coatings, and fabric waterproofing, especially in technical and sporty textiles. The need for practical apparel, along with rising textile output and technology improvements, is driving substantial growth.

  • Construction:

Plastisols find way in the construction industry for coatings, sealants, and flooring applications. There is room for growth in the areas of infrastructure development, green building efforts, and durability-focused design.

  • Transportation:

Plastisols are used for transportation in commercial and specialist vehicles, for weatherproofing, coatings, and interior parts. Plastisols are in trend in electric vehicles may have an impact on the need for flexible and lightweight materials.

  • Metal Finishing:

Metal finishing requires to use of plastisols for protection from corrosion and to offer decorative finish for metal parts in different industries. The growth is witnessed in the automotive and construction sectors.

  • Defense:

Plastisols in defense, are used to make coatings on the plane and vehicles which act as shock absorbers for the vehicles. Plastisols provide dependable performance and increase the lifespan of equipment by withstanding the demanding circumstances and hostile surroundings found in military operations.

  • Others:

Other applications of Plastisols include in healthcare, consumer goods, and other varying industries. Plastisols offer diverse potential in specialized applications.

Textile segment dominated the End-User industry segment due to the growing use of printed textiles and the growing need for aesthetically pleasing home furnishings. increased infrastructure development in emerging economies like as China and India, the construction industry is expected to have the quickest growth among all end-users in the market.

Regional Insights:

Regional Insights - Plastisols Market

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

Plastisols Market Regional Insights

  • North America market is estimated to witness a significantly high revenue share over the forecast period, owing to the growth of the construction, textile, and transportation industries, and increased adoption of screen-printing goods and rules that favor plastisol marketing are expected to propel regional market development.
  • Asia Pacific market is estimated to witness the largest revenue share as a result of the region's improved economic performance and rising foreign investments for the building of multiplexes, hospitals, shopping centers, hotels, and the IT sector which is expected to expected to drive the market and maintain this position throughout the forecast period
  • Europe market is a steadily rising market and is driven by the stringent regulation for businesses on their import and export policies, and is more focused on the more environmental friendly approaches.
  • Latin America market is emerging with continuous research and development to diversify the uses or plastisols with a potential window for expansion of the market.
  • Middle East & Africa market is in its developmental stages and is expected to flourish in the estimated forecast period due to the rising demand for a robust and long-lasting alternative like plastisols for, coatings, moldings, screen printing etc., also, as graphic designing is booming in the textile sector, the need for plastisols has also increased.

Report Scope:

Attribute

Details

Market Size 2024

US$ 25.9 billion

Projected Market Size 2034

US$ 50.5 billion

CAGR Growth Rate

7.6%

Base year for estimation

2023

Forecast period

2024 – 2034

Market representation

Revenue in USD Billion & CAGR from 2024 to 2034

Market Segmentation

By Application - Coatings, Moldings, Screen Printing, and Adhesives & Sealants.

By End-Use Industry - Textile, Construction, Transportation, Metal Finishing, Defense, and Others.

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the Plastisols Market report based on Application, End-User Industry, and Region:

Plastisols Market, By Application:

  • Coatings
  • Moldings
  • Screen Printing
  • Adhesives & Sealants

Plastisols Market, By End-Use Industry:

  • Textile
  • Construction
  • Transportation
  • Metal Finishing
  • Defense
  • Others

Plastisols Market, By Region:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East & Africa

Global Plastisols Market By Application Key Players

The key players operating the Plastisols Market includes, Fujifilm Corporation, KOBAYASHI & CO., LTD., PolyOne Corporation, PolySol LLC, Polyblend, Triangle Ink, International Coatings Company, and Plastic Coating Corporation, Illinois Tool Works Inc., and Franklin International.

Global Plastisols Market By Application Key Issues Addressed

Recent Development:

  • In January 2023, The first biocompatible product authorized for use in IMEA (India, Middle East, and Africa) was introduced by H.B. Fuller, one of the leading adhesives producers in the world, with Swift melt 1515-I. It is based upon Stick-to-skin microporous medical tape used in unique climates, such the intense heat and humidity of the Indian subcontinent.

Global Plastisols Market By Application Company Profile

  • Fujifilm Corporation*
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • KOBAYASHI & CO., LTD.
  • PolyOne Corporation
  • PolySol LLC
  • Polyblend
  • Triangle Ink
  • International Coatings Company
  • Plastic Coating Corporation
  • Illinois Tool Works Inc.
  • Franklin International

“*” marked represents similar segmentation in other categories in the respective section.

Global Plastisols Market By Application Table of Contents

Research Objective and Assumption

  • Preface
  • Research Objectives
  • Study Scope
  • Years Considered for the study
  • Assumptions
  • Abbreviations

Research Methodology

  • Research data
  • Primary Data
    • Primary Interviews
    • Primary Breakdown
    • Key data from Primary Sources
    • Key Thickness Insights
  • Secondary Data
    • Major Secondary Sources
    • Secondary Sources
  • Market Estimation
  • Top-Down Approach
    • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
  • Bottom-Up Approach
    • Approach for estimating market share by Bottom-up Analysis (Demand Side)
  • Market Breakdown and Data Triangulation
  • Research Assumptions

Market Preview

  • Executive Summary
  • Key Findings—Global Outlook for medical carts Strategies
    • Key Questions this Study will Answer
    • Market Snippet, By Application
    • Market Snippet, By End-Use Industry
    • Market Snippet, By Region
  • Opportunity Map Analysis
  • Executive Summary—3 Big Predictions

Market Dynamics, Regulations, and Trends Analysis

  • Market Dynamics
    • Drivers
    • Restrains
    • Market Opportunities
    • Market Trends
  • DR Impact Analysis
  • PEST Analysis
  • Porter’s Five Forces Analysis
  • Opportunity Orbit
  • Market Investment Feasibility Index
  • Macroeconomic Factor Analysis

 Market Segmentation, By Application, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Coatings
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Moldings
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Screen Printing
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Adhesives & Sealants
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

 Market Segmentation, By End-Use Industry, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Textile
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Construction
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Transportation
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Metal Finishing
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Defense
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Others
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

 Global Market, By Region, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Regional Trends
  • North America
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By End-Use Industry, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • U.S.
      • Canada
  • Europe
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By End-Use Industry, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • UK
      • France
      • Germany
      • Russia
      • Italy
      • Rest of Europe
  • Asia Pacific
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By End-Use Industry, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • India
      • Japan
      • South Korea
      • China
      • Rest of Asia Pacific
  • Latin America
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By End-Use Industry, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • Brazil
  • Mexico
  • Rest of Latin America
  • Middle East & Africa
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By End-Use Industry, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East

Competitive Landscape

  • Heat Map Analysis
  • Market Presence and Specificity Analysis

Company Profiles

  • Fujifilm Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • KOBAYASHI & CO.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • LTD.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • PolyOne Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • PolySol LLC
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Polyblend
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Triangle Ink
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • International Coatings Compan
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Plastic Coating Corporation.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies

The Last Word

  • Future Impact
  • About Us
  • Contact