Global Plastisols Market Inside Analysis For 2019-2025
Plastisols Market size is likely
to grow at a steady rate in the forecast period driven by rising demand from
automotive, textile, and construction industries. These end-industries have a
wide range of applications where plastisols can be used for the manufacture of
automotive component covers, hand gear grips, cable shrouds, gear lever,
bellows, gaiters, sleeves, and high-gloss tip moldings.
Plastisols consist of fine
polyvinyl chloride (PVC) particles in plasticizing liquids which may be fused
without the risk of water or solvent blistering. There are several techniques
to process these products such as dipping, coating, spraying and pouring. They
find extensive usage in construction industry in piping, fitting, swimming pool
liners, in food processing piping, wall coverings, coated paneling’s, chemical
processing, coatings and adhesives. Global construction market size surpassed
USD 15 trillion in 2017 and is likely to grow significantly owing to population
growth and government investment in infrastructure projects which should boost
plastisols market growth.
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Plastisols
market comprises of moldings, textile printing, coatings, sealants and
adhesives. Global coating market size surpassed USD 15 billion in 2018, and
is likely to grow to further owing to
the evolution of the electric vehicles market, self-driven trucks and
automotive cars. Rising disposable incomes; improving living standards;
flexible government taxation policies; and rapid technological advancement in
products & product offerings, by major international and domestic players
at competitive prices should stimulate demand for plastics such as PVC, which,
in turn, is driving the plastisols market for coatings application.
Plastisols
find widespread usage in industrial apparels, fabrics, home furnishing,
footwear, personal protective equipment, and laminated textile. These
substances are widely adopted in the textile industry for treating non-woven,
knitted, and woven textiles, printing inks and for dying paper or textile.
Global textile market size is predicted to surpass USD 1.20 trillion by 2025
owing to increasing disposable income and urbanization which should stimulate
market growth. The development of technical textiles that offer protection
against high temperatures, molten metal impact, and acid environment is
estimated to fuel plastisols market growth.
Asia
Pacific plastisols market size led by Japan, India, China and South Korea
should witness significant market growth owing to the shift of textile and
apparel manufacturing plants from the US and Europe pertaining to low cost. The
regional market is registering growing demand from transportation and textile
industries for eco-friendly products. Growing foreign investment in India and China is likely to stimulate
product demand in the predicted period.
North
America led by Canada, Mexico and U.S. plastisols market demand is likely to
increase substantially owing to growing transportation, textiles and
construction industries. Favorable regulations for plastisols commercialization
and growing product adoption for screen printing should boost regional market
growth. The existence of various textile ink companies in the region such as
PolySol, International Coatings Co., and PolyOne Corporation should further
drive market growth.
Significant
toxicity of phthalates and PVC is likely to hamper plastisols market growth.
Garments coated with plastisols ink do not decompose, are difficult to recycle,
and release harmful dioxides & hydrochloric acid on incineration. The most
critical hazard of these products is their cleaning and disposal. Proper
cleaning system should be used to minimize the environmental effect.
Researchers are working to nullify the environmental effects by using non-toxic
plasticizers and eco-friendly screen printing inks, which should foster market
growth.
Global plastisols market share is
significantly competitive and fragmented among various manufacturers such
as Bostik, The Dow Chemical Company, 3M,
H.B. Fuller Company, Henkel, Dow Corning Corporation, Chemence, Franklin
International, and Illinois Tool Works Inc. Various manufacturers are engaging
in strategic mergers & acquisitions, expansions, new product development,
joint ventures, agreements, and partnerships to achieve competitive advantage
and boost market growth.
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Global Plastisols Market Inside Analysis For 2019-2025
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Reviewed by GMI
on
July 11, 2019
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