Plastisols Market

Plastisols Market Size-(2023-2028)

The plastisols market size is estimated at USD 17.47 billion in 2022 and is expected to reach USD 24.27 billion by 2028, with a CAGR of 7.25% over the forecast period

There are various techniques for processing these products, such as dipping, coating, spraying, and pouring. They find wide use in the construction industry in pipes, fittings, pool liners, food processing pipes, wall coverings, coated boards, chemical treatment, coatings, and adhesives. The size of the global construction market topped $ 18 trillion in 2021 and is expected to increase significantly owing to population growth and government investments in infrastructure projects that are expected to drive the growth of the plastisol market. Plastisols are widely used in industrial clothing, fabrics, furnishings, footwear, personal protective equipment, and laminate textiles. These substances are widely adopted in the textile industry for treating non-woven, knitted, and woven textiles, printing inks, and dyeing paper or textiles. The global textile market size is expected to exceed US $ 1.20 trillion by 2026 owing to increasing disposable income and urbanization which is expected to drive the market growth. The development of technical textiles that provide protection against high temperatures, the impact of molten metal, and an acidic environment is expected to drive the growth of the plastisol market.

Plastisols Market Trends:

Plastisols are widely used in industrial clothing, fabrics, furnishings, footwear, personal protective equipment, and laminate textiles. These substances are widely adopted in the textile industry for the treatment of non-woven, knitted, and woven textiles, printing inks, and dyeing paper or textiles. The global textile market size is expected to exceed $ 1.45 trillion by 2026 owing to increasing disposable income and urbanization, which is expected to drive market growth. It is believed that the development of technical textiles that provide protection against high temperatures, the impact of molten metal, and an acidic environment will drive the growth of the plastisol market.

Plastisols Market Drivers:

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 such as printed t-shirts, jeans, sweatshirts, jackets, cushions, handbags, bedspreads, and other clothing 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. The flexible fiscal policies of the government regarding the import and export of plastisol and its marketing is also one of the growth factors of the plastisol market. In addition, government authorities in several countries have made the use of plastisol coatings mandatory; For example, in industries such as furniture, transportation, and upholstery, the use of plastisol coatings as flame retardants has become mandatory as a safety measure for the consumer. Indeed, the mixture offers excellent resistance to heat and fire. The growing government support for the development and advancement of the textile industry is driving the growth of the market. For example, according to data provided by Indonesia-Investments, a website that reports on the country's economy, the Indonesian government aims to increase the value of exported textiles and clothing to $ 76 billion by 2040. With this, the country wishes to increase its contribution to global exports by 6%. In 2019, the Indian government established 18 textile parks, in line with the Integrated Textile Parks program launched in 2019, with the aim of providing financial support to small and medium entrepreneurs in the textile industry.

Plastisols Restraints:

The significant toxicity of phthalates and PVC is likely to hamper the growth of the plastisol market. Plastic inks used in the textile industry generate large amounts of wastewater containing a variety of pollutants, including pesticides based on organic chlorine and heavy metals. Therefore, the wastewater discharged by the process pollutes only the environment and constitutes a health hazard. To combat this problem, numerous environmental laws have been imposed to control the release of such materials, hampering the growth of the plastisol market.

PLASTISOLS MARKET REPORT COVERAGE:

Opportunities in the Plastisols Market:

The growth of the application of digital screen printing should be an opportunity for the players in the plastisol market. Market developments, including the launch of new products, are expected to contribute to the growth of the market. The main plastisol manufacturers have opted for the new product launch strategy to maintain their positions in the market. Manufacturers are investing to increase their plastisol production capacity in order to introduce new products. The global plastisols market has a large number of players.

Challenges in the Plastisols Market:

Garments coated with plastisol ink do not decompose, are difficult to recycle, and release harmful dioxides and hydrochloric acid when incinerated. The most critical danger of these products is their cleaning and disposal. An adequate cleaning system must be used to minimize the effects on the environment.

Plastisols Market Segmentation:

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-Regional Analysis:

• North America 

• Europe 

• Asia Pacific

• Latin America 

• Middle East & Africa 

The size of the plastisol market in Asia-Pacific, dominated by Japan, India, China, and South Korea, is expected to experience significant market growth due to the relocation of textile and apparel manufacturing plants to the states United and Europe when it comes to low costs. The regional market is experiencing increasing demand for organic products from the textile and transport industries. Increased foreign investment in India and China is likely to boost demand for products over the forecast period. The demand for the North American plastisol market, led by Canada, Mexico, and the United States, is expected to increase significantly due to the growth of the transportation, textile, and construction industries. Favorable regulations for the marketing of plastisols and increasing adoption of products for screen printing are expected to drive regional market growth. The existence of several textile ink companies in the region, such as PolySol, International Coatings Co., and PolyOne Corporation, is expected to further drive the market growth.

Plastisols Market Key Players:

• 3M
• Dow
• KONISHI CHEMICAL INC CO., LTD
• H.B. Fuller Company
• Henkel Adhesives Technologies India Private Limited
• CHEMENCE
• Illinois Tool Works Inc
• ITW Polymers Sealants North America
• HERNON MANUFACTURING INC
• HUTCHINSON
• Hodgson Sealants
• Lancer Group International
• Carlisle Plastics Company