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Plastisols Market: Size, Share, Growth, Trends, Analysis, Forecast To 2033
Plastisols Market Size
As per the report, 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 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%.
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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.
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 .
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
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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
Contents of the report:
1. Executive Summary
2. Plastisols Market Report Structure
3. Plastisols Market Trends And Strategies
4. Plastisols Market - Macro Economic Scenario
5. Plastisols Market Size And Growth
…..
27. Plastisols Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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