Home > Chemicals & Materials > Plastisols Market
Plastisols Market Size
Plastisols Market is expected to witness notable growth between 2024 and 2032, due to the rising prominence of plastisol coatings in end-use industries, such as electrical, medical, and aerospace. The escalating usage of plastisol inks in textile screen printing and part manufacturing in the automotive vertical will stimulate the industry growth in the years ahead.
Rapid expansion of the digital printing sector is leading to the increasing availability of minerals for enhancing sealer formulations. For instance, Imerys developed products like Socal, a well-established precipitated calcium carbonate designed to facilitate the right rheological profile in PVC plastisols. Such launches of advanced plastisol special-effect additives and inks for the printing industry will play a crucial role in promoting the market expansion. However, the substantial release of dioxin, as well as dioxin-like compounds during the creation of PVC may act as a restraining factor for the product uptake.
Plastisols Market Trends
The strong demand for eco-friendly and sustainable plastisol formulations is increasing due to the rising environmental concerns and regulations. With customization and innovations on the rise, manufacturers are offering specialized plastisols tailored to specific applications, such as automotive, construction, and textiles. The shift towards water-based plastisols due to their lower environmental impact and VOC emissions compared to traditional solvent-based formulations is increasing the product penetration. Growing advancements in additives and processing techniques are also enhancing the performance and versatility of plastisols, further opening the scope for new applications across various industries.
Plastisols Market Analysis
The textiles end-use segment is projected to accumulate notable share of the plastisols industry until 2032, owing to the increasing demand for durable and versatile materials in apparels. Rising adoption for applications, such as screen printing, coating, and fabric laminating is accelerating the penetration of plastisols. According to IBEF (India Brand Equity Foundation), the Indian textile and apparel sector is projected to be worth USD 190 billion by 2025-26. Plastisols offer benefits, such as high abrasion resistance, waterproofing, and vibrant color retention for enhancing the performance and aesthetics of textile products. The versatility of plastisols also enables customization and creativity in textile design, meeting the evolving demands of consumers for innovative and sustainable materials in the fashion and apparel domain.
Europe plastisols market size is projected to expand at substantial growth rate from 2024 to 2032. This can be credited to the thriving automotive sector and increasing demand in applications, such as underbody coatings, seals, and gaskets. The influx of stringent rules are supporting the adoption of eco-friendly materials. The growing emphasis on sustainability is encouraging the use of water-based plastisols instead of solvent-based formulations. The construction sector uses plastisols extensively for flooring, roofing, and sealants. According to Eurostat, in December 2023, the production in the construction sector increased by 2.4% in the EU. This high production in construction sector is fueling the demand for plastisols. Significant innovations in plastisol formulations and processing methods will also drive the market growth of the region.
Plastisols Market Share
Key players in the plastisols industry are employing strategic expansion approaches, such as mergers, acquisitions, partnerships, and introducing novel solutions to broaden product portfolios and strengthen their market presence.
Some of the major plastisols companies are:
- Illinois Tool Works Inc.
- Franklin International
- Chemence
- Dow Silicones Corporation (formerly Dow Corning Corporation)
- Henkel
- H.B. Fuller Company
- 3M
- The Dow Chemical Company
- Bostik (Arkema), among others
Plastisols Industry News:
- In 2021, Avient Corporation unveiled Zodiac Taurus non-PVC plastisol inks, with an aim to present eco-conscious options for textile printing.