Plastisol Market thrives with the applications in textile and construction indus
Posted by rohan on January 8th, 2020
The global plastisol market was estimated at US$ 15.4 billion in 2018 and is expected to reach about US$ 23.97 billion by 2025, with an annual rate of 6.18% between 2019 and 2025.
Plastisols are used in many industries, such as transportation, textiles and construction, due to their resistance to chemicals, corrosion and fire. They are widely used to produce reliable plasticized products in the molding process, and also used as a textile ink for screen printing.
The Dubai Expo, which lasts six months from October 2020 to April 2021, is expected to attract more than 25 million tourists, which is expected to boost the construction market, thereby, the Plastisols market in the area.
Market Drivers and Restraints:
The global plastisol market is expected to multiply as its use increases in various industries, such as automotive, textile and construction. The rapid urbanization of emerging countries, such as India, China, and Indonesia, is increasing the demand for construction activities, which is expected to activate the plastisol market in the future. In addition, the rapid industrialization of Asia-Pacific and Latin America is expected to improve the application of plastisols in a variety of industries and create an opportunity for profitable growth as the demand for screen printing increases. However, the toxicity of phthalates and PVC may hinder the growth of the plastisol market in the future.
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Report Segmented as:
The global plastisol market is broken down by application and end-use. By application, the market includes screen printing, coatings, adhesives and sealants and moldings. The global market for end-use includes transportation, textiles, metal finishing, construction, defense and more. The textile industry is expected to take the lead in the future, due to the widespread use of plastisols in fabrics such as plastics, clothing, textiles, home furnishings, laminated materials, footwear, personal protective equipment, etc.
The regional markets for plastisol include North America, Europe, Asia Pacific, Latin America, the Middle East and Africa. With the development of the automotive industry in the region, the Asia-Pacific region is likely to rule the global plastisol market in the future. North America is anticipated to be the fastest-growing region due to the rapid growth of the automotive and construction sector. Europe is expected to grow significantly in the coming years as the demand for plastisols in the automotive industry increases and the application of plastic containers in the medical sector.
Key market players:
Some important players in the global plastisol market are Dow Corning Corporation, PolyOne Corporation, US Plastic Coatings, Fujifilm Holdings Corporation, and Lancer Group International.
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About the Authorrohan
Joined: September 20th, 2017
Articles Posted: 1,346
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