by The Plastisols Market is estimated to be valued at US$ 21.02 Billion by 2022 and is expected to exhibit a CAGR of 6.16% over the forecast period 2017-2022, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Plastisols are a type of liquid PVC (Polyvinyl Chloride) dispersions that are commonly used in various industries such as building and construction, automotive, and textiles. They are primarily used as coating materials, as well as in the production of flexible vinyl articles and molded products. Plastisols offer excellent physical and mechanical properties, making them ideal for applications such as vinyl flooring, artificial leather, wire insulation, and automotive components.
Market Dynamics:
The growth of the global plastisols market can be attributed to several factors. Firstly, the increasing demand for plastisols in the building and construction industry is a major driver for market growth. Plastisols are widely used for coating concrete and metal surfaces, providing excellent adhesion, durability, and weather resistance. Additionally, the growing use of plastisols in automotive components, such as interior trim, door panels, and gaskets, is fueling market growth.
Furthermore, the rising adoption of plastisols in the textile industry for applications such as screen printing, fabric coating, and textile finishing is creating lucrative opportunities for market players. Plastisols offer superior print quality, durability, and flexibility, making them highly preferred in the textile industry.
In conclusion, the plastisols market is expected to witness high growth due to the increasing demand from the building and construction industry and the growing use of plastisols in automotive components. The market is projected to expand at a steady CAGR of 6.16% over the forecast period
Segment Analysis:
The segment analysis of the Plastisols market reveals that the market can be segmented based on application and end-use industry. Among the applications, the coating segment dominates the market. This is due to the increasing demand for plastisols in various industries such as automotive, construction, and textile, where coatings play a crucial role. The coating segment is expected to witness high growth during the forecast period, driven by factors such as increasing demand for durable and high-performance coatings, rising construction activities, and growing automotive production.
PEST Analysis:
Political: Political factors such as government regulations and policies regarding environmental concerns and product safety can have a significant impact on the Plastisols market.
Economic: Economic factors such as GDP growth, disposable income, and industrial growth influence the demand for plastisols. The market is expected to benefit from increasing industrialization and rising consumer spending power.
Social: Social factors like changing consumer preferences towards sustainable and eco-friendly products are driving the demand for plastisols with low VOC emissions and recyclability features.
Technological: Technological advancements in the manufacturing process of plastisols, such as improved formulations and customization options, are driving market growth. Additionally, the adoption of advanced machinery and equipment aids in increasing production efficiency and product quality.
Key Takeaways:
The global Plastisols Market Share is expected to witness high growth, exhibiting a CAGR of 6.16% over the forecast period, due to increasing demand from the automotive, construction, and textile industries. The coating segment is dominating the market due to its wide range of applications and the growing need for durable and high-performance coatings.
In terms of regional analysis, the Asia Pacific region is the fastest-growing and dominating region in the Plastisols market. This can be attributed to the rapid industrialization, infrastructure development, and increasing automotive production in countries like China, India, and Japan.
Key players operating in the Plastisols market include PolyOne Corporation, Fujifilm Corporation, DOW Corning Corporation, PolyBlend UK Ltd, Plastisol Products Inc., Croda International Plc, Monarch Color Corporation, Huber Group International Coatings Company, Polysol Polymers, Rutland Plastic Technologies, U.S. Plastic Coatings, and Hernon Manufacturing, Inc.
