Plastisols Market Share, Growth Trends And Forecast 2024 to 2033

The plastisols market size has grown strongly in recent years. It will grow from $23.41 billion in 2023 to $25.24 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. The growth in the historic period can be attributed to industrial applications, automotive sector demand, consumer goods manufacturing, medical and healthcare products, consumer preferences for pvc products.

The plastisols market size is expected to see strong growth in the next few years. It will grow to $33.65 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to advancements in formulation, growth in packaging industry, bio-based plastisols, regulatory support for sustainable materials, demand for soft touch and tactile finishes, adoption of plastisols in electronics. Major trends in the forecast period include innovation in product development, stringent regulations and compliance standards, collaborations and partnerships.

Market Overview -
Plastisol refers to a substance that is made with a suspension of polyvinyl chloride (PVC) particles in a liquid plasticizer and is available in liquid form. Plastisols have properties such as toughness, outdoor stability, flexibility, abrasion resistance, and chemical resistance.

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Rising Automobile Demand Fuels Growth In The Plastisols Market
The growing demand for automobiles is expected to propel the growth of the plastisols market going forward. Automobiles refer to vehicles that have four wheels and include cars, trucks, and other vehicles. Plastisol is used in the manufacturing process of automobiles in grips for handles, insulation of various electrical components, limiting noise, vibration, friction, rubbing, and deadening impacts, aiding safety and comfort in various automobile component manufacturing. For instance, according to data by the China Association of Automobile Manufacturers, a China-based non-profit social organization of automobile manufacturers, auto sales reached 2.38 million units in August, increasing 32.1% from a year ago in China as of 2022. Furthermore, according to data by the Federation of Automobile Dealers Associations (FADA), an India-based association of automobile retailers, vehicle sales in August 2022 have reached 15,21,490 units, an increase of 8.3% over the 1,404,704 units sold until August 2021 in India. Therefore, the growing demand for automobiles is driving the plastisols market.

Competitive Landscape -
Major companies operating in the plastisols market report are Avient Corporation, FUJIFILM Holdings Corporation, International Coatings Company, 3M Company, The Dow Chemical Company, Franklin International, Bostik, Hodgson Sealants Limited, Polyblend UK Limited, Plastisol Products Inc., Monarch Color Corporation, ITW Polymers Sealants North America Inc., Carlisle Plastics Company Inc., Patcham FZC, PolyOne Corporation, DIC Corporation, Marabu GmbH & Co. KG, Rutland Plastic Technologies, Huber Group, Inksolutions LLC, Bodo Möller Chemie Group, Colormaker Industries Pty Ltd, U.S. Plastic Coatings Corporation, Texhour, Nazdar Company, Advanced Color Solutions LLC, ICC Industries Inc., Fujikura Kasei Co. Ltd., CPS Color Equipment Inc., Union Ink Company LLC, Clariant AG, Lancaster Synthesis Inc., Brancher Companyc

Innovative Product Offerings Reshaping The Plastisols Market
Product innovations have emerged as a key trend gaining popularity in the plastisols market. Major companies operating in the market are focused on innovating new products to gain a competitive edge in the market. For instance, in May 2021, Avient Corporation, a US-based company that manufactures plastisols launched avient specialty inks. These are unified line of additives and special effect inks for Plastisol. Avient Specialty Inks offers a variety of inks and colorants that are used in the screen printing, industrial, and textile industries and provides specialty inks for industrial applications as well as a spectrum of screen printing inks for the textile industry .

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Key Segments -
The plastisols market covered in this report is segmented -
1) By Resin Type: Acrylic Resins, PVC Resins
2) By Application: Coatings, Moldings, Screen Printing, Adhesives and Sealants
3) By End-Use Industry: Construction, Military, Transportation, Medical, Textile, Agriculture, Metal Finishing, Other End-Use Industries

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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