Market Size of Plastisols Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 6.00 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Asia Pacific |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Plastisol Market Analysis
The global plastisols market is expected to register a CAGR of more than 6% during the forecast period.
The COVID-19 pandemic negatively impacted the plastisols market. Due to the lockdown, the supply and production of major end-user industries were interrupted during COVID-19, decreasing plastisols consumption. After 2020, the market expanded steadily after the continuous activity in major-end user segments.
- The major factors driving the growth of the market studied are the rapidly expanding construction industry and the surge in demand from the textile industry in Asia-Pacific.
- The adverse environmental effects of plastisols and the severe phthalates impacts on human health are likely to hinder the growth of the studied market.
- PVC-Free Plastisols and the growing adoption of digital screen-printing applications are likely to create opportunities for the market in the coming years.
- The Asia-Pacific region is expected to dominate the market and will also witness the highest CAGR during the forecast period.
Plastisol Industry Segmentation
Plastisol is a thermoplastic liquid polymer, which indicates that it is a colloidal polymer solution (usually polyvinyl chloride) in a liquid plasticizer. When heated to roughly 180°C, it transforms into a viscous gel, and after cooling, it converts into a plasticized solid product. The plastisols market is segmented by application, end-user industry, and geography. By application, the market is segmented into adhesives and sealants, paints and coatings, printing inks, moldings, and other applications. By end-user industry, the market is segmented into building and construction, transportation, textiles, appliances and machines, and other end-user industries. The report also covers the market size and forecasts for the plastisols in 15 countries across the central regions. For each segment, the market sizing and forecasts have been done based on revenue (USD million).
Application | |
Adhesives and Sealants | |
Paints and Coatings | |
Printing Inks | |
Moldings | |
Other Applications |
End-user Industry | |
Building and Construction | |
Transportation | |
Textiles | |
Appliances and Machines | |
Other End-user Industries |
Geography | |||||||
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Plastisols Market Size Summary
The plastisols market is poised for significant growth, driven by the expanding construction and textile industries, particularly in the Asia-Pacific region. Despite the initial setbacks caused by the COVID-19 pandemic, which disrupted supply chains and reduced consumption, the market has shown resilience and is expected to continue its upward trajectory. The construction sector, in particular, is a major consumer of plastisols, utilizing them in a wide range of applications from flooring to piping. The Asia-Pacific region, with its robust economic growth and substantial investments in infrastructure, is anticipated to dominate the market, with countries like China and India playing pivotal roles. The region's focus on urbanization and development projects further bolsters the demand for plastisols.
However, the market faces challenges due to environmental concerns and health impacts associated with phthalates, which could impede growth. Nonetheless, opportunities are emerging with the development of PVC-free plastisols and the increasing adoption of digital screen-printing applications. The market is characterized by a partial fragmentation, with key players such as Fujifilm Holdings Corporation, Lancer Group International, PATCHAM, Avient Corporation, and Carlisle Plastics Company actively contributing to its evolution. Strategic partnerships and product innovations, like those seen with PATCHAM and Avient Corporation, are expected to enhance market presence and drive future growth.
Plastisols Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Rapidly Expanding Construction Industry
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1.1.2 Surge in Demand from Textile Industry in Asia-Pacific
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1.2 Restraints
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1.2.1 Adverse Environmental Effects of Plastisols
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1.2.2 Severe Impacts of Phthalates on Human Health
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1.3 Industry Value-Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION (Market Size in Value)
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2.1 Application
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2.1.1 Adhesives and Sealants
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2.1.2 Paints and Coatings
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2.1.3 Printing Inks
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2.1.4 Moldings
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2.1.5 Other Applications
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2.2 End-user Industry
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2.2.1 Building and Construction
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2.2.2 Transportation
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2.2.3 Textiles
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2.2.4 Appliances and Machines
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2.2.5 Other End-user Industries
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2.3 Geography
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2.3.1 Asia-Pacific
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2.3.1.1 China
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2.3.1.2 India
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2.3.1.3 Japan
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2.3.1.4 South Korea
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2.3.1.5 Rest of Asia-Pacific
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2.3.2 North America
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2.3.2.1 United States
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2.3.2.2 Canada
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2.3.2.3 Mexico
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2.3.3 Europe
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2.3.3.1 Germany
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2.3.3.2 United Kingdom
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2.3.3.3 Italy
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2.3.3.4 France
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2.3.3.5 Rest of Europe
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Middle-East and Africa
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2.3.5.1 Saudi Arabia
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2.3.5.2 South Africa
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2.3.5.3 Rest of Middle-East and Africa
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Plastisols Market Size FAQs
What is the current Plastisols Market size?
The Plastisols Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)
Who are the key players in Plastisols Market?
Fujifilm Holdings Corporation, Lancer Group International, PATCHAM, Avient Corporation and Carlisle Plastics Company are the major companies operating in the Plastisols Market.