Plastisols Market to Display Healthy Growth During 2018–2023
The extensive plastisol usage in the automotive, textile, and construction industries is the key reason behind the growth of the plastisols market. In 2017, the market generated a revenue of $26,267.2 million, and it is predicted to witness a 7.5% CAGR during the forecast period (2018–2023). The suspension mixtures of plasticizers and polyvinyl chloride (PVC) materials is known as plastisols. These do not mix in the water and possess various favorable properties including good chemical, corrosion, and fire resistance.
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Based on application, the plastisols market is classified into coatings, textile screen printing, adhesives and sealants, and moldings. Out of these, in 2017, the coatings classification contributed more than 25.0% revenue to the market, and is expected to maintain its dominance during almost the entire forecast period. Its dominating position is backed by its beneficial properties such as excellent insulation and chemical and corrosion resistance. However, the textile screen printing classification is expected to show the fastest growth during the forecast period, leading the market in 2023.
On the basis of industry, the plastisols market is categorized into textile, automotive, and construction. Out of these, during the historical period (2013–2017), the textile category led the market, and it is anticipated to exhibit the highest CAGR in terms of both revenue and sales volume during the forecast period. Due to the surging customer preference for aesthetic home furnishings and printed fabrics, the category is expected to grow significantly. .
The digital screen-printing process, which is a technique of printing via a computer, is gaining traction in the market. With the help of plastisol inkjet printers, the ink is squirted directly on the placed fabric. This method is fast, reduces errors, and needs less manual labor and inputs. This is why the process is increasingly being deployed by textile companies, which is, in turn, giving growth opportunities to the players operating in the market.
Plastisols usage in different industries is gaining popularity in the global plastisols market. High-performance plastisols are gaining popularity over water-based inks due to their superior thermal conductivity, anti-corrosive features, and optimum performance when exposed to reactive chemicals and high temperatures. Furthermore, plastisols don’t dry out when subjected to air and can therefore be efficiently reused for various purposes. Hence, these advantages of plastisols are widening their adoption in several sectors.
Hence, the growing adoption of plastisols in different industries is expected to fuel the progress of the market.
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Based on application, the plastisols market is classified into coatings, textile screen printing, adhesives and sealants, and moldings. Out of these, in 2017, the coatings classification contributed more than 25.0% revenue to the market, and is expected to maintain its dominance during almost the entire forecast period. Its dominating position is backed by its beneficial properties such as excellent insulation and chemical and corrosion resistance. However, the textile screen printing classification is expected to show the fastest growth during the forecast period, leading the market in 2023.
On the basis of industry, the plastisols market is categorized into textile, automotive, and construction. Out of these, during the historical period (2013–2017), the textile category led the market, and it is anticipated to exhibit the highest CAGR in terms of both revenue and sales volume during the forecast period. Due to the surging customer preference for aesthetic home furnishings and printed fabrics, the category is expected to grow significantly. .
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Inks made from plastisols are widely used for screen printing on various textiles owing to their great quality, excellent fastness, and optimum color intensity. Further, the increasing demand for advanced coating materials due to their advantages such as fire retardation, thermal insulation, and anti-bacterial properties is escalating the plastisol consumption in the textile industry. Yet another driver for the plastisols market is the increasing quality standards in the textile and upholstery industry, which raise the demand for such materials.
The textile sector is progressing, and printing is all the rage here, with screen printing the ideal choice for fabric printing. Plastisols are extensively used in inking and coating of textiles, a fact attributed to their opaqueness, cost-effectiveness, and high performance. The accelerated sales of printed textiles, such as jeans, t-shirts, sweatshirts, cushions, tote bags, jackets, and bedcovers, are boosting the consumption of plastisols in the textile sector. Additionally, the rising consumer preference for colored fabrics and patterns with eye-catching designs is strengthening the growth of the plastisols market.
Inks made from plastisols are widely used for screen printing on various textiles owing to their great quality, excellent fastness, and optimum color intensity. Further, the increasing demand for advanced coating materials due to their advantages such as fire retardation, thermal insulation, and anti-bacterial properties is escalating the plastisol consumption in the textile industry. Yet another driver for the plastisols market is the increasing quality standards in the textile and upholstery industry, which raise the demand for such materials.
The textile sector is progressing, and printing is all the rage here, with screen printing the ideal choice for fabric printing. Plastisols are extensively used in inking and coating of textiles, a fact attributed to their opaqueness, cost-effectiveness, and high performance. The accelerated sales of printed textiles, such as jeans, t-shirts, sweatshirts, cushions, tote bags, jackets, and bedcovers, are boosting the consumption of plastisols in the textile sector. Additionally, the rising consumer preference for colored fabrics and patterns with eye-catching designs is strengthening the growth of the plastisols market.
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The digital screen-printing process, which is a technique of printing via a computer, is gaining traction in the market. With the help of plastisol inkjet printers, the ink is squirted directly on the placed fabric. This method is fast, reduces errors, and needs less manual labor and inputs. This is why the process is increasingly being deployed by textile companies, which is, in turn, giving growth opportunities to the players operating in the market.
Plastisols usage in different industries is gaining popularity in the global plastisols market. High-performance plastisols are gaining popularity over water-based inks due to their superior thermal conductivity, anti-corrosive features, and optimum performance when exposed to reactive chemicals and high temperatures. Furthermore, plastisols don’t dry out when subjected to air and can therefore be efficiently reused for various purposes. Hence, these advantages of plastisols are widening their adoption in several sectors.
Hence, the growing adoption of plastisols in different industries is expected to fuel the progress of the market.
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