Decorative Coatings Is Fastest Growing Segment Fueling The Growth Of Plastisols Market
The global plastisols market is estimated to be valued at US$ 18.74 Bn in 2023 and is expected to exhibit a CAGR of 7.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Plastisols are colloidal suspensions of polyvinyl chloride (PVC) particles in a plasticizer. Plastisols are typically used as coatings and adhesives for fabrics, leathers, paper, and other materials. When heat is applied, the plasticizer softens the PVC and allows it to wet out and adhere to the substrate. Their main advantages are vinyl-like appearance and durability.
Market key trends:
One of the key trends in the plastisols market is the increasing demand from various end-use industries such as construction, transportation, defense, and consumer goods due to its excellent properties. Plastisols offer excellent resistance to chemicals, heat, weathering, and abrasion making them an optimal coating choice for applications requiring durability and longevity. They retain flexibility to low temperatures and have excellent weldability. Furthermore, technologically advanced plastisols are being developed that cure at lower temperatures, have lower emissions, and provide cost savings over other coating technologies.
Market Overview:
Plastisols are colloidal suspensions of polyvinyl chloride (PVC) particles in a plasticizer. Plastisols are typically used as coatings and adhesives for fabrics, leathers, paper, and other materials. When heat is applied, the plasticizer softens the PVC and allows it to wet out and adhere to the substrate. Their main advantages are vinyl-like appearance and durability.
Market key trends:
One of the key trends in the plastisols market is the increasing demand from various end-use industries such as construction, transportation, defense, and consumer goods due to its excellent properties. Plastisols offer excellent resistance to chemicals, heat, weathering, and abrasion making them an optimal coating choice for applications requiring durability and longevity. They retain flexibility to low temperatures and have excellent weldability. Furthermore, technologically advanced plastisols are being developed that cure at lower temperatures, have lower emissions, and provide cost savings over other coating technologies.
Segment Analysis
The global plastisols market is segmented into type, technology, resin type, applications, end-use industry and region. Based on type, the market is segmented into polyvinyl chloride plastisols and acrylic plastisols. Currently, polyvinyl chloride plastisols dominate the market as they provide protection against corrosion and are durable. Based on technology, the market is divided into solvent-based plastisols and water-based plastisols. Among these, solvent-based plastisols dominate due to their extensive usage because of the capability of bonding with various surfaces.
Key Takeaways
The global plastisols market size is expected to reach US$ 28.61 Bn by 2030, expanding at a CAGR of 7.2% over the forecast period. Increasing demand from various end-use industries including automotive, building & construction, and packaging is expected to drive the market.
Regional analysis:
North America is expected to dominate the global plastisols market over the forecast period. Rapid growth of end-use industries and presence of major players in the region are expected to drive the North America market. Asia Pacific is projected to be the fastest growing market, expanding at a CAGR of around 8.2% during the forecast period. Rising industrialization and urbanization in China, India, Indonesia, and other emerging economies is expected to propel the Asia Pacific market.
Key players:
Key players operating in the plastisols market are 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., FUJIFILM Corporation, Avient Corporation, US Plastic Coatings, hubergroup India Pvt. Ltd., International Coatings, Chemionics Corporation, Polyblend, HUTCHINSON, Hodgson Sealants., Lancer Group International, and Carlisle Plastics Company, among others. The players focus on partnerships, mergers and acquisitions to expand their global reach.
The global plastisols market is segmented into type, technology, resin type, applications, end-use industry and region. Based on type, the market is segmented into polyvinyl chloride plastisols and acrylic plastisols. Currently, polyvinyl chloride plastisols dominate the market as they provide protection against corrosion and are durable. Based on technology, the market is divided into solvent-based plastisols and water-based plastisols. Among these, solvent-based plastisols dominate due to their extensive usage because of the capability of bonding with various surfaces.
Key Takeaways
The global plastisols market size is expected to reach US$ 28.61 Bn by 2030, expanding at a CAGR of 7.2% over the forecast period. Increasing demand from various end-use industries including automotive, building & construction, and packaging is expected to drive the market.
Regional analysis:
North America is expected to dominate the global plastisols market over the forecast period. Rapid growth of end-use industries and presence of major players in the region are expected to drive the North America market. Asia Pacific is projected to be the fastest growing market, expanding at a CAGR of around 8.2% during the forecast period. Rising industrialization and urbanization in China, India, Indonesia, and other emerging economies is expected to propel the Asia Pacific market.
Key players:
Key players operating in the plastisols market are 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., FUJIFILM Corporation, Avient Corporation, US Plastic Coatings, hubergroup India Pvt. Ltd., International Coatings, Chemionics Corporation, Polyblend, HUTCHINSON, Hodgson Sealants., Lancer Group International, and Carlisle Plastics Company, among others. The players focus on partnerships, mergers and acquisitions to expand their global reach.
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