Oct 8, 2020 9:00 AM ET
iCrowd Newswire – Oct 8, 2020
Zion Market Research has published a new report titled “Plastisols Market by Application (Screen Printing, Coatings, Adhesives & Sealants, and Moldings) and by End-Use (Transportation, Textile, Metal Finishing, Construction, Defense, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019—2025”. According to the report, the global plastisols market was valued at USD 15.74 billion in 2018 and is expected to reach around USD 23.95 billion by 2025, growing at a CAGR of 6.18% between 2019 and 2025.
Plastisols, due to their chemical resistance, corrosion resistance, and fire resistance, are used in several industries, such as transportation, textile, and construction. Plastisols are widely used to produce plasticized solid products in the process of molding. Besides, plastisols are used as textile inks for screen-printing.
The global plastisols market is likely to be driven by the increased use of plastisols in various industries, such as automotive, textile, and construction, over the estimated timeframe. Rapid urbanization in emerging countries, such as India, China, Indonesia, etc. is fuelling the demand for construction activities, which, in turn, is projected to boost the plastisols market in the future. Moreover, swift industrialization in Asia Pacific and Latin America is estimated to enhance the application of plastisols across various industries, such as automotive, textile, transportation, and construction. However, the toxic nature of phthalates and PVC might hamper the growth of the plastisols market in the future. Conversely, increasing demand for digital screen printing is expected to create lucrative growth opportunities for the players operating in the plastisols market globally over the estimated timeframe.
The global plastisols market is segmented on the basis of application and end-use. By application, the global plastisols market includes screen printing, coatings, adhesives and sealants, and moldings. The coatings application is likely to dominate the global plastisols market in the years ahead and contributed the largest market share globally, i.e., around 25%. Screen printing is estimated to grow at the fastest pace in the upcoming years, owing to the rising demand for printed textiles. By end-use, the global plastisols market includes transportation, textile, metal finishing, construction, defense, and others. The textile industry is anticipated to dominate in the future, as plastisols are widely used in the textiles for producing apparels, industrial fabrics, home furnishing, laminated textile, footwear, personal protective equipment, etc.
By region, the global plastisols market includes North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The Asia Pacific region is expected to dominate the global plastisols market in the future, owing to the region’s developing automotive industry that uses plastisols for coating purposes. North America is expected to be the fastest growing region, owing to the rapidly growing automotive and construction sectors. Europe is predicted to grow substantially in the forthcoming years, owing to the increasing demand for plastisols by the region’s automotive industry and rising application of plasticized packaging in the medical industry. The Latin American plastisols market is projected to show a decent growth rate over the estimated time period, owing to the growing plastisols usage in several industries, such as automotive, packaging, and construction, and the region’s growing construction industry.
Some key players of the global plastisols market are PolyOne Corporation, Dow Corning Corporation, Fujifilm Holdings Corporation, U.S. Plastic Coatings, Lancer Group International, Progressive Coatings, Patcham, PolyBlend UK Ltd., Monarch Color Corporation, Huber Group International Coatings Company, Rutland Plastic Technologies, and Hernon Manufacturing, Inc., among others.
This report segments the global plastisols market into:
Global Plastisols Market: Application Analysis
- Screen Printing
- Adhesives and Sealants
Global Plastisols Market: End-Use Analysis
- Metal Finishing
Global Plastisols Market: Regional Analysis
- Asia Pacific
- Latin America
- Middle East and Africa
You can Buy This Report from Here @ https://www.zionmarketresearch.com/buynow/su/plastisols-market/news
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Keywords: Plastisols Market