Plastisols Market Potential Growth, Share, Demand and Analysis of Key Players Forecast to 2023by Deepak Kumar Sr. SEO Executive
The Plastisols market is projected to reach $40,464.8 million by 2023. The Plastisols Market growth is mainly driven by growing demand of plastic inks for coating and textile-printing applications. Plastisols are a blend of polyvinyl chloride (PVC) materials and plasticizers. They are mainly used as inks for printing fabrics and home furnishes (cushion and furniture cover).
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On the basis of application, the plastisols market is segmented into coatings, textile screen printing, moldings, and adhesives and sealants. Of these, textile screen printing is expected to be the fastest growing category during the forecast period, with a CAGR of 7.7% in terms of volume. Growing adoption of textile screen printing in apparels is fueling the market growth in the region.
In terms of industry, the plastisols market is categorized into textile, automotive, construction, and others. ‘Others’ include medical and recreational industries. During the forecast period, the demand for the product is expected to witness the highest growth from the textile industry. This high growth is mainly powered by the increasing adoption of printed textiles and the growing awareness regarding digital textile printing.
Asia-Pacific (APAC) is expected to be the fastest growing plastisols market during the forecast period, showcasing a CAGR of 8.1% in terms of value. The leading position of the region is powered by high plastisol production capacity of regional players and high economic stability.
North America is estimated to be the second largest region in the plastisols market, with an estimated revenue contribution of more than 20.0% in 2017. The high use of plastisol for textile screen printing and favorable regulatory policy for the commercialization of the product are the major factors driving the market in the region.
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Some of the major players operating in the global plastisols market are hubergroup Deutschland GmbH, PolyOne Corporation, PolyBlend UK Ltd., Croda International Plc, Lancer Group International, Fujifilm Holdings Corporation, Plastisol Products Inc., International Coatings Co. Inc., Chemionics Corporation, and Monarch Color Corporation.
GLOBAL PLASTISOLS MARKET SEGMENTATION
- Textile Screen Printing
- Adhesives & Sealants
- North America
- Rest of Europe
- South Korea
- Rest of APAC
- Latin America (LATAM)
- Rest of LATAM
- Middle-East & Africa (MEA)
- Saudi Arabia
- South Africa
- Rest of MEA
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Created on Dec 7th 2018 13:39. Viewed 168 times.