PLASTISOLS MARKET ANALYSIS

Plastisols MarketSize and Trends

Market Dynamics  

• A major driver for growth of the global plastisols market is increasing demand from end-use industries. End-use industries such automotive and textiles have a wide range of applications, where polyvinyl chloride plastisols are used for the manufacture of automotive component covers, hand grips, cable shrouds, gear lever, bellows, gaiters, sleeves, and end caps in brightly colored and high-gloss dip moldings. The textile industry uses plastisols for treating woven, non-woven and knitted textiles (geotextile grates and water insulation wraps) and for layering textile or paper.
• However, the toxic nature of polyvinyl chloride is a major factor restraining growth of the magnetic material market. Garments coated with plastisol inks do not decompose and are difficult to recycle. If clothing designed with polyvinyl chloride plastisol ink is incinerated, the trapped dioxins plus hydrochloric acid (a primary component of acid rain) are released into the atmosphere.

Market Outlook

• According to Coherent Market Insights analysis, Asia Pacific held the dominant position in the global plastisols market in 2017. The Asia Pacific is projected to maintain its dominance throughout the forecast period, owing to increasing housing and infrastructure activities (hotels, stadium, and restaurants) and textile industry.
• Among end-use industries, the textiles segment is projected to gain major traction over the forecast period, owing to high-performance requirements in the apparel industry. According to the Global Garment Industry factsheet, world garment market was valued at around US$ 1.7 trillion. Increasing demand from the textile industry is fueling the global plastisols market growth.