Press release
Surging Global Plastisols Market Expected to Reach $36.67 Billion by 2029
Plastisols Market Size
What Is The Projected Market Size Of The Global Plastisols Market And Its Growth Rate?
The plastisols market is set for a strong trajectory of growth:
•The market size was approximately $25.07 billion in 2024.
•It is projected to grow at a compound annual growth rate (CAGR) of 7.5% to reach $26.95 billion in 2025.
•By 2029, the market is anticipated to further grow to $36.67 billion at a CAGR of 8.0%.
What Is Driving The Growth In The Plastisols Global Market?
The plastisols market is seeing a significant upsurge driven by the escalating demand for automobiles. With applications ranging from insulation to noise and vibration limitation, Plastisol is integral to the production of various automobile components. For instance, a year-on-year increase of 32.1% in auto sales was reported in China in August 2022. Similarly, India recorded a solid 8.3% boost in vehicle sales in August 2022 compared to the same time in 2021. These trends underscore the burgeoning demand for automobiles, which concurrently amplifies the plastisols market surge.
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Who Are the Key Players Driving Plastisols Market Growth?
The growth of the plastisols market is propelled by the following key players:
•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.
What Are The Key Trends In The Plastisols Global Market?
Noteworthy trends influencing the plastisols market include:
•Innovations in product development
•Stringent regulations and compliance standards
•Partnerships and collaborations.
What Are The Segments Of The Global Plastisols Market?
The plastisols market is divided into the following:
•By Resin Type: Acrylic Resins, PVC Resins
•By Application: Coatings, Moldings, Screen Printing, Adhesives and Sealants
•By End-Use Industry: Construction, Military, Transportation, Medical, Textile, Agriculture, Metal Finishing, Other End-Use Industries
Which Region Leads The Plastisols Global Market?
In 2024, Asia-Pacific held the largest share of the plastisols market. The same region is expected to witness the most rapid growth during the forecast period. The plastisols market report covers numerous regions, including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Plastisols Global Market Report?
- Market Size Analysis: Analyze the Plastisols Global Market Report size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Plastisols Market for effective categorization.
- Key Player Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Plastisols Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Plastisols Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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