Summary
Major players in the plastisols market are Avient Corporation, FUJIFILM Holdings Corporation, International Coatings Company, 3M Company, The Dow Chemical Company, Franklin International, Bostik, Hodgson Sealants Limited, Polyblend UK Limited, Plastisol Products Inc., Chemionics Corporation, Monarch Color Corporation, ITW Polymers Sealants North America Inc., Carlisle Plastics Company Inc., Lancer Group International, and Patcham FZC.
The global plastisols market is expected to grow from $21.89 billion in 2022 to $23.55 billion in 2023 at a compound annual growth rate (CAGR) of 7.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The plastisols market is expected to grow to $31.09 billion in 2027 at a CAGR of 7.2%.
The plastisol market consists of sales of plastisol sheathings, connectors on wiring and busbars, and insulators for electrical tools such as in playground and farm equipment.Values in this market are factory gate values that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers.
The value of goods in this market includes related services sold by the creators of the goods.
Plastisol refers to a substance that is made with a suspension of polyvinyl chloride (PVC) particles in a liquid plasticizer, and it is available in a liquid form. Plastisols have properties such as toughness, outdoor stability, flexibility, abrasion and chemical resistance.
Asia-Pacific was the largest region in the plastisols market in 2022.Asia-Pacific is expected to be the fastest-growing region in the forecast period.
The regions covered in the plastisols market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The resin types in plastisols are acrylic resins and PVC resins.Acrylic resin is a glassy thermoplastic that is produced from acrylic acid.
The applications involved are coatings, moldings, screen printing, adhesives, and sealants that are used for industrial construction, military, transportation, medical, textile, agriculture, metal finishing, and other end-use industries use.
The growing demand for automobiles is expected to propel the growth of the plastisol market going forward.Automobiles refer to vehicles that have four wheels and comprise 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 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 1,404,704 units sold until August 2021 in India. Therefore, the growing demand for automobiles is driving the plastisol market.
Product innovations have emerged as a key trend gaining popularity in the plastisol market.Major companies operating in the market are focused on innovating new products to gain a competitive edge in the market.
For Instance, in March 2020, Monarch Color Corp, a US-based accurate printing supply company launched two new plastisol inks: ULT II, ultra-low temperature white plastisol ink, and ULT Shield Grey, an ultra-low temperature, dye-blocking, under base grey.The ULT II White is an improvement over the ULT White, with a smaller body.
For manual printers, this innovation makes the ink easier to print with.The ULT II White was designed to be used with the ULT Shield Grey.
Similar to the ULT II, the ULT Shield Grey cures at a low temperature of 270 °F. On dye-sublimated or badly colored materials, Monarch proposes using the Shield Grey in conjunction with the ULT II.
In July 2020, PolyOn, a US-based manufacturer of specialized polymer material acquired Clariant Masterbatch for a deal amount of $1.44 billion. Through this acquisition, the combined entity will change its name to Aviant, and it aims to provide sustainable solutions for its customers. Clariant Masterbatches is a US-based manufacturer of various chemicals and plastic products such as polyvinyl chloride (PVC), plastisols and special effect concentrates.
The countries covered in the plastisols market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The plastisols market research report is one of a series of new reports that provides plastisols market statistics, including plastisols industry global market size, regional shares, competitors with plastisols market share, detailed plastisols market segments, market trends, and opportunities, and any further data you may need to thrive in the plastisols industry. This plastisols market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
