Global Plastisols Market - 2023-2030

Global Plastisols Market - 2023-2030

Market Overview

The global plastisols market reached US$ XX million in 2022 and is projected to record significant growth by reaching up to US$ XX million by 2030, growing at a CAGR of XX% during the forecast period (2023-2030).

Plastisol is a colloidal dispersion of small polymer particles in a liquid plasticizer, typically polyvinyl chloride (PVC). The plastic particles absorb the plasticizer when heated to about 180 °C (356 °F), which causes them to swell and fuse to form a viscous gel. When this is cooled to less than 60 °C (140 °F), it turns into a solid that is permanently plasticized and flexible. This procedure is known as ""curing.""

Commercial plastisols work well with pigments and dyes, resulting in finished goods that are vividly colored. They flow as a liquid before curing, making it simple to pour them into a mould for dip coatings or screen printing on textiles. It has a flexible, rubbery consistency after curing. They are frequently used as grips for tools or coatings, especially for outdoor applications (roofs, furniture). Plasticizer content in plastisol can reach up to 70% by weight, though the precise proportion of ingredients can be changed to achieve the desired viscosity. Plastisols that contain a significant amount of volatile solvents to reduce viscosity and make them suitable for coatable lacquers are known as organosols.

Market Dynamics

PVC-containing traditional plastisol inks have long been preferred for screen printing on pre-cut textile applications. Plastisol inks' main benefits include their affordability, high productivity rates, good color opacity and ease of use for textile printers. This has prompted the development of PVC-free plastisol inks that offer textile ink manufacturers the performance advantages of traditional plastisols with an environmentally friendly composition. Significant development has been made in this area due to years of collaboration between resin producers and ink formulators, usually using acrylic resin systems.

Outside the automotive industry, PVC Plastisol sealants are also widely used for crack sealing and joint filling on highways and airport runways. Plastisols are one-component adhesives that are spread on the substrate like a paste. Solid polyvinylchloride (PVC) particles are mixed with a plasticizer to create the paste. The thermoplastic PVC swells when the applied adhesive is heated, forming a bond. Plastisols are highly flexible and have good peel resistance.

Plastisol's widespread use in a wide range of industries and its advantages of being versatile, colorful, highly resistant and affordable help to increase demand for plastisols

Plastisol is used for coating in automotive applications due to its adaptable, colorful, highly resistant and affordable qualities. Plastisol plays various roles in the automotive industry, from different stages of the manufacturing process to providing consumer safety, comfort and convenience. Its main functions are preventing unauthorized contact between electrical components and between electrical components and other vehicle parts, as well as lowering friction and wear on wiring and other connectors. Making handles and related parts easier to hold onto increases safety and comfort. Furthermore, these key factors positively affect the global plastisols market.

Due to its applications in the construction and textile industries, the plastisol market is flourishing

As its use expands across numerous sectors, including the textile and construction industries, the global plastisol market is anticipated to grow. The demand for construction work is rising due to the rapid urbanization of developing nations like India, China, Brazil and Indonesia. This demand is anticipated to stimulate the plastisol market in the future. Additionally, it is anticipated that the rapid industrialization of Latin America and Asia-Pacific will enhance Use of plastisols in various industries and open up opportunities for profitable growth as screen printing demand rises. The plastisols market has excellent growth potential due to the massive production of textiles and apparel in China, India and U.S.

However, the expansion of the plastisol market might be constrained by the toxicity of phthalates and PVC.

COVID-19 Impact Analysis

Due to disruptions in the supply chain and a global decline in consumer demand, COVID-19 proved to be a difficult factor for the producers of plastisols. The lack of labor forces results in the closure of numerous industries. People's purchasing power decreased due to the coronavirus, which directly affected the textile, automotive and construction industries and the market for plastisols. Therefore, the pandemic impacted plastisols sales negatively.

Segment Analysis

The global Plastisols market is segmented based on resin type, application, end-user and region.

Properties such as fire resistance, anti-slip or anti-sealing and UV stability generate demand for the PVC plastisols

When plasticizing agents are combined with polyvinyl chloride (PVC), a soft, flexible, rubbery material that can be applied using hot dip, cold dip, slush moulding and spray coating techniques results, PVC plastisols can meet a variety of needs, including those for sealing, anti-slip, UV stability and flame resistance. Its advantages include highly advanced technological standards and customized, compact or foaming plastisols for wallpaper. PVC plastisol is softer and more flexible than rigid PVC and contains more plasticizers. For soft PVC, pigment preparations must cooperate with plastisol. Additionally, the plastisols market is boosted by these PVC resin properties.

Geographical Analysis

The global Plastisols market is segmented based on resin type, application, end-user and region.

Low costs and rising building & construction activity in the Asia-Pacific boost the sales of plastisols

With rising demand for eco-friendly products from the textile and transportation industries, the Asia-Pacific plastisols market is likely to experience significant growth. Due to booming foreign investments with higher profit margins and lower labor costs, India and China are anticipated to be the most lucrative markets for plastisols. The Asia-Pacific plastisols market is also driven by rising government proposals for enhancing public infrastructure and rising cash-intensive construction plans. Cheap labor, benevolent economic policies and an abundance of natural resources make Asia-Pacific a hub for textile production, which in turn helps the Asia-Pacific plastisols market grow concerning screen printing applications. The Asia-Pacific market for plastisols is experiencing significant growth in infrastructure and housing sectors like restaurants, stadiums and hotels. Therefore, these factors above drive the demand for plastisols in the region.

Competitive Landscape

Manufacturers are making several strategic decisions in the global Plastisols market to develop effective technologies and increase production rates to meet market demand. The primary focus areas include product launches, collaborations, strategic mergers and acquisitions. The key players in the market are Avient Corporation, Carlisle Plastics Company, Fujifilm Holdings Corporation, Lancer Group International, PATCHAM, Campbell Plastics, MONARCH COLOR CORPORATION, Chemionics Corporation, PolySol LLC and Sinclair & Rush, Inc.

Avient Corporation

Overview: Established in 2000, Avient Corporation is a multinational producer of specialized polymer materials with its headquarters in Avon Lake, Ohio. Its business is set up to offer the specialized polymer products, services and solutions that customers want. The business is a leading supplier of packaging solutions, color and additive systems and specialty polymer formulations. Globally, all Avient full-service manufacturing facilities strictly abide by corporate guidelines for protecting the environment, human health and safety. Color, additives and inks, as well as specially engineered and sustainable materials, are included in its business segment.

Its product offering includes screen printing inks, advanced composites, engineered polymer formulations, polymer additives, printing & marking inks, thermoplastic polymers, engineered fiber solutions and vinyl formulations. The company serves end-use industries such as building & construction, consumer, energy, industrial, healthcare, telecommunications, transportation and packaging. The avient corporation is in Asia, Latin America, EMEA and US/ Canada.

Product Portfolio

Vinyl-Based Plastisols: The product offers flexibility and strength. CORE Vinyl Plastisols are an adaptable option for many applications and uses. These PVC resin dispersions come in various colors and hardnesses and can be used for various applications. Depending on the formulation and the final product, they can be poured, pumped, sprayed or cast while still liquid at room temperature.

Key Development: On May 18, 2021, The launch of a consolidated line of plastisol special effect inks and additives was announced by Avient Corporation, a leading supplier and manufacturer of specialized and environmentally friendly material solutions and services. This unified portfolio, offered under the new ""Avient Specialty Inks"" brand, combines Avient's best specialty inks to make them more readily available to customers around the world.

Why Purchase the Report?
• To visualize the global Plastisols market segmentation based on resin type, application, end-user and region, as well as understand key commercial assets and players.
• Identify commercial opportunities in the global Plastisols market by analyzing trends and co-development.
• Excel data sheet with numerous data points of Plastisols market-level with all segments.
• PDF report consisting of cogently put together market analysis after exhaustive qualitative interviews and in-depth market study.
• Product mapping available as excel consisting of key products of all the major market players.

The global Plastisols market report would provide approximately 61 tables, 61 figures and 230 Pages.

Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies