Plastisols are dispersions of PVC resins paste in plasticizers. These are single-component adhesives that are applied as a paste to substrates. Plastisols are insoluble in water and are chemical resistant, corrosion resistant, and fire resistant. Plastisols also have good peel resistance and are highly flexible.
The global plastisols market is likely to be driven by the increased use of plastisols in various industries, such as automotive, textile, and construction, over the estimated timeframe. Rapid urbanization in emerging countries, such as India, China, Indonesia, etc. is fuelling the demand for construction activities, which, in turn, is projected to boost the plastisols market in the future. Moreover, swift industrialization in the Asia Pacific and Latin America is estimated to enhance the application of plastisols across various industries, such as automotive, textile, transportation, and construction. However, the toxic nature of phthalates and PVC might hamper the growth of the plastisols market in the future. Conversely, increasing demand for digital screen printing is expected to create lucrative growth opportunities for the players operating in the plastisols market globally over the estimated timeframe.
The global plastisols market is segmented on the basis of application and end-use. By application, the global plastisols market includes screen printing, coatings, adhesives and sealants, and moldings. The coatings application is likely to dominate the global plastisols market in the years ahead and contributed the largest market share globally, i.e., around 25%. Screen printing is estimated to grow at the fastest pace in the upcoming years, owing to the rising demand for printed textiles. By end-use, the global plastisols market includes transportation, textile, metal finishing, construction, defense, and others. The textile industry is anticipated to dominate in the future, as plastisols are widely used in the textiles for producing apparels, industrial fabrics, home furnishing, laminated textile, footwear, personal protective equipment, etc.
By region, the global plastisols market includes North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The Asia Pacific is expected to dominate the global plastisols market in the future, owing to the region’s developing automotive industry that uses plastisols for coating purposes. North America is expected to be the fastest growing region, owing to the rapidly growing automotive and construction sectors. Europe is predicted to grow substantially in the forthcoming years, owing to the increasing demand for plastisols by the region’s automotive industry and rising application of plasticized packaging in the medical industry.
Some key players of the global plastisols market are PolyOne Corporation, Dow Corning Corporation, Fujifilm Holdings Corporation, U.S. Plastic Coatings, Lancer Group International, Progressive Coatings, Patcham, PolyBlend UK Ltd., Monarch Color Corporation, Huber Group International Coatings Company, Rutland Plastic Technologies, and Hernon Manufacturing, Inc., among others.