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Global Plastisol Market
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Global Plastisol Market

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Global Plastisol Market, By Application (Coatings, Moldings, Screen Printing, Adhesives & Sealants), By End-User (Construction, Transportation, Defense, Textiles, Metal Finishing, Others), By Region (North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle-East & Africa (MEA) Trend Analysis, Competitive Market Share & Forecast, 2017-2027

  • Published Date: August 2021
  • Report ID: BWC2143
  • Available Format: PDF
  • Page: 195

Report Overview

Global plastisol market is growing with the widening application of plastisol's in various end user industries like automobiles where it has been used for manufacturing component covers, and other uses such as cable shrouds, sleeves, hand gear grips, bellows, gaiters, etc.

The global plastisol market was worth USD 16.5 billion in 2020. The market is further projected to reach USD 26.7 billion by the year 2027, growing at the CAGR of 7.2% during the forecast period. The demand for plastisol is growing with its widespread application in different industries such as automobiles, where it is used for manufacturing component covers, as well as cable shrouds, hand gear grips, sleeves, gaiters, bellows, etc. Additionally, as a result of research and development activities, plastisols are expected to find wider application in textile markets by the end of 2027. These are some factors powering the global plastisol market growth worldwide.

global plastisol market

Source: BlueWeave Consulting

Global Plastisol Market- Overview

Plastisol is a liquid plasticizer that contains a suspension of polyvinyl chloride (PVC) or any other polymer particles. It's a synthetic polymer, i.e., a man-made chemical.Plastisol exists in liquid form and can therefore easily be molded into any shape. Produced from salt and ethylene, Plastisol uses less energy and produces fewer emissions than other plastics. Additionally, they are considered incredibly versatile in comparison to other plastics and can be made thin, rigid, and of all colors.

Global Plastisol Market Forecast and Trends

Growth Drivers

Increasing Construction Activities

The increasing construction activities, especially in the emerging economies, is one of the major factors driving the growth of the global plastisol market. Governments of different countries are extending funding for commercial and residential building projects, as well as supporting and encouraging economic growth in countries. Plastisols would therefore probably face increased demand due to their wide use in coating, sealing, and adhesive applications. The construction industry uses plastisols because they are water-resistant, impact-resistant, corrosion-resistant, and have high dielectric strength. These properties make plastisols popular in the construction industry.

Growing Application ofPlastisols In the Automobile Industry

Plastisol plays many roles in the automobile industry, from manufacturing to providing convenience and comfort to consumers. Plastisol provides a form of electrical component protection for workers, owners, and mechanics. Furthermore, it reduces friction and wears on connectors and wiring. In terms of coating purposes, this material is very popular as it offers a sleek, soft appearance and is excellent for enhancing vibration damping.Additionally, plastisols provide chemical and corrosion resistance, as well as water and electricity resistance.  The automobile industry is gaining significant traction, especially in Germany, Japan, and South Korea. Therefore, the demand for plastisols is also estimated to flourish at a high rate in the foreseeable future.

Restraints

Adverse Effects of The Plastisol Environment

Plastisol is a plastic-based ink,therefore it is bound to have adverse environmental effects. In addition, as countries and companies move towards eco-friendly and sustainable alternatives, the global plastisol market is projected to suffer huge losses in the years to come. Plastisol production releases highly toxic chemicals, such as polychlorinated biphenyl (PCB) and dioxin. Therefore, countries with high air pollution would like to take steps to minimize toxins released into the environment, which might negatively impact the global plastisol market during the forecast period.

Impact of COVID-19 on Global Plastisol Market

The COVID-19-pandemic proved to be disastrous for the global plastisol market. It is due to the obstruction in manufacturing and production activities that prevented the end-user industry from purchasing plastisols. As a result of the nationwide lockdowns imposed by different countries to check the spread of the deadly coronavirus, several industries, including construction, textiles, transportation, and others, had their operations restricted, which in turn affected the growth of the global plastisol market. Furthermore, the growing awareness towards sustainability after the pandemic outbreak and the harmful effects of the use of plastics and chemicals are likely to negatively impact the global plastisol market in the upcoming years.

Global Plastisol Market - By Application

Based on applications, the global plastisol market is segmented into coatings, moldings, screen printing, and adhesives & sealants. The coatings segment accounts for the largest market share as it offers soft and matte textures. Plastisols are widely used for protecting metal substrates like iron and aluminum because they protect metals from corrosion and abrasion. Plastisol coatings are generally used in the construction industry for coating clad walls and roofs on industrial buildings, warehouses, and retail units, which drives its market demand.

Global Plastisol Market - By End User

Based on end-users, the global plastisol market is segmented into construction, transportation, defense, textiles, metal finishing, and others. Among these segments, the textile industry currently holds the largest market share and is also estimated to witness the highest CAGR during the forecast period. Plasticizers are increasingly used in the textile industry to treat nonwoven, knitted, and woven textiles. Theos chemical is also used as inks and dyes. Plastisols also offer exceptional color transparency, a high output rate, and cost-effectiveness, making them appealing to textile manufacturers.

Global Plastisol Market - Regional Insights

Geographically, the global plastisol market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle-East & Africa. Among all regions, Asia-Pacific leads due to rapid industrialization and thriving manufacturing and production facilities in countries like India, China, and Japan due to the availability of cheap labor.Another factor driving the growth of the plastisol market is the increasing use of plastisols in construction activities, such as coating, sealing, and adhesive applications, as a result of the infrastructural development in emerging economies.

Regional Insights

Source: BlueWeave Consulting

Competitive Landscape

The leading players in the global plastisol market are Bostik, Illinois Tool Works Inc., The Dow Chemical Company, Franklin International, 3M, H.B. Fuller Company, Chemencel, Henkel, Dow Corning Corporation, International Coatings Company, Fujifilm Corporation, Rutland Plastic Technologies, CCR Specialty Chemicals, Monarch Color Corporation, Polyblend, U.S. Plastic Coatings, Wright Coatings Technologies, Rack Coating Service, Indian Dyes Sales, and other prominent players.

The global plastisol market is highly competitive and fragmented due to the presence of numerous industry players. These manufacturers are constantly adopting competitive strategies like partnerships, mergers& acquisitions, collaborations, etc., to expand their product portfolio and establish their footprint in the market.

Recent Developments

  • In July 2021, Marabu Group, a German manufacturer of screen, digital, and pad printing ink, announced the acquisition of ICON, a Hong Kong-based manufacturer of decorative and functional inks, to expand its product portfolio and strengthen customer service and centricity.
  • In May 2021, Avient Corp., a US-based specialized and sustainable material solutions and services provider, announced the launch of a consolidated range of plastisol special effect ink and additives.

Scope of the Report

Attributes Details
Years Considered Historical data – 2017-2020
Base Year – 2020
Forecast – 2021 – 2027
Facts Covered Revenue in USD Billion
Market Coverage U.S, Canada, Germany, UK, France, Italy, Spain, Brazil, Mexico, Japan, South Korea, China, India, UAE, South Africa, Saudi Arabia
Product Service/Segmentation By Application, By End-User, By Region
Key Players Bostik, Illinois Tool Works Inc., The Dow Chemical Company, Franklin International, 3M, H.B. Fuller Company, Chemencel, Henkel, Dow Corning Corporation, International Coatings Company, Fujifilm Corporation, Rutland Plastic Technologies, CCR Specialty Chemicals, Monarch Color Corporation, Polyblend, U.S. Plastic Coatings, Wright Coatings Technologies, Rack Coating Service, Indian Dyes Sales, and other prominent players.

 

By Application

  • Coatings
  • Moldings
  • Screen Printing
  • Adhesives & Sealants

By End-User

  • Construction
  • Transportation
  • Defense
  • Textiles
  • Metal Finishing
  • Others

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa
  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Key Market Segments
  2. Research Methodology
    1. Qualitative Research
    2. Methodology
    3. Regional Split of Primary & Secondary Research
    4. Secondary Research
    5. Primary Research
      1. Breakdown of Primary Research Respondents, By Region
      2. Breakdown of Primary Research Respondents, By Industry Participants
    6. Market Size Estimation
    7. Assumptions for the Study
    8. Market Breakdown & Data Triangulation
  3. Executive Summary
  4. Industry Insight and Growth Strategy
    1. Value Chain Analysis
    2. DROC Analysis
      1. Market Drivers
        1. Increasing Construction Activities
        2. Growing Application ofPlastisolin The Automobile Industry
      2. Market Restraints
        1. Adverse Effects of The Plastisol Environment
      3. Market Challenges
        1. Negative Effects of the COVID-19
      4. Market Opportunity
        1. Prospering Automobile and Military Sector
        2. Surging Demand for Plastisol In Textile Industry
    3. Recent Developments
    4. Porter’s Five Forces Analysis
      1. Bargaining Power of Buyers
      2. Bargaining Power of Suppliers
      3. Intensity of Rivalry
      4. Threat of New Entrants
      5. Threat of Substitutes
  5. Global Plastisol Market Overview
    1. Market Size & Forecast by Value, 2017-2027
    2. Market Size and Forecast, By Segment
      1. By Application
        1. Coatings
        2. Moldings
        3. Screen Printing
        4. Adhesives & Sealants
      2. By End-User
        1. Construction
        2. Transportation
        3. Defense
        4. Textiles
        5. Metal Finishing
        6. Others
      3. By Region
        1. North America
        2. Europe
        3. Asia-Pacific
        4. Latin America
        5. Middle East & Africa
  6. North America Plastisol Market Overview
    1. Market Size and Forecast
      1. By Value (USD Billion), 2020-2027
    2. Market Share and Forecast
      1. By Application
      2. By End-User
      3. By Country
        1. U.S.
        2. Canada
  7. Europe Plastisol Market Overview
    1. Market Size and Forecast
      1. By Value (USD Billion), 2020-2027
    2. Market Share and Forecast
      1. By Application
      2. By End-User
      3. By Country
        1. Germany
        2. U.K.
        3. Russia
        4. France
        5. Italy
        6. Spain
        7. Rest of Europe
  8. APAC Plastisol Market Overview
    1. Market Size and Forecast
      1. By Value (USD Billion), 2020-2027
    2. Market Share and Forecast
      1. By Application
      2. By End-User
      3. By Country
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Rest of APAC
  9. LATAM Plastisol Market Overview
    1. Market Size and Forecast
      1. By Value (USD Billion), 2020-2027
    2. Market Share and Forecast
      1. By Application
      2. By End-User
      3. By Country
        1. Mexico
        2. Brazil
        3. Rest of LATAM
  10.  MEA Plastisol Market Overview
    1. Market Size and Forecast
      1. By Value (USD Billion), 2020-2027
    2. Market Share and Forecast
    3. By Application
    4. By End-User
    5. By Country
      1. Saudi Arabia
      2. UAE
      3. South Africa
      4. Rest of MEA
  11. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Market Share Analysis (2020)
    3. Competitive Benchmarking By Operating Parameters
  12. Impact of COVID-19 on Global Plastisol Market
  13. Company Profiles (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) *
    1. Bostik
    2. Illinois Tool Works Inc.
    3. The Dow Chemical Company
    4. Franklin International
    5. 3M
    6. H.B. Fuller Company
    7. Chemence
    8. Henkel
    9. Dow Corning Corporation
    10. International Coatings Company
    11. Fujifilm Corporation
    12. Rutland Plastic Technologies
    13. CCR Specialty Chemicals
    14. Monarch Color Corporation
    15. Polyblend
    16. U.S. Plastic Coatings
    17. Wright Coatings Technologies
    18. Rack Coating Service
    19. Indian Dyes Sales
    20. Other Prominent Players
  14. Key Strategic Recommendations

 

 

List of Figures

 

 

Figure 1: Global Plastisol Market Segmentation

 

Figure 2: Global Plastisol Market Value Chain Analysis,

 

Figure 3: Company Market Share Analysis, 2020

 

Figure 4: Global Plastisol Market Size, By Value (USD Billion), 2017-2027

 

Figure 5: Global Plastisol Market Share (%), By Application, By Value, 2017-2027

 

Figure 6: Global Plastisol Market Share (%), By End-User, By Value, 2017-2027

 

Figure 7: Global Plastisol Market Share (%), By Country, By Value, 2017-2027

 

Figure 8: North America Plastisol Market Size, By Value (USD Billion), 2017-2027

 

Figure 9: North America Plastisol Market Share (%), By Application, By Value, 2017-2027

 

Figure 10: North America Plastisol Market Share (%), By End-User, By Value, 2017-2027

 

Figure 11: North America Plastisol Market Share (%), By Country, By Value, 2017-2027

 

Figure 12: Europe Plastisol Market Size, By Value (USD Billion), 2017-2027

 

Figure 13: Europe Plastisol Market Share (%), By Application, By Value, 2017-2027

 

Figure 14: Europe Plastisol Market Share (%), By End-User, By Value, 2017-2027

 

Figure 15: Europe Plastisol Market Share (%), By Country, By Value, 2017-2027

 

Figure 16: the Asia-Pacific Plastisol Market Size, By Value (USD Billion), 2017-2027

 

Figure 17: the Asia-Pacific Plastisol Market Share (%), By Application, By Value, 2017-2027

 

Figure 18: the Asia-Pacific Plastisol Market Share (%), By End-User, By Value, 2017-2027

 

Figure 19: Asia-Pacific Plastisol Market Share (%), By Country, By Value, 2017-2027

 

Figure 20: Latin America Plastisol Market Size, By Value (USD Billion), 2017-2027

 

Figure 21: Latin America Plastisol Market Share (%), By Application, By Value, 2017-2027

 

Figure 22: Latin America Plastisol Market Share (%), By End-User, By Value, 2017-2027

 

Figure 23: Latin America Plastisol Market Share (%), By Country, By Value, 2017-2027

 

Figure 24: Middle East & Africa Plastisol Market Size, By Value (USD Billion), 2017-2027

 

Figure 25: Middle East & Africa Plastisol Market Share (%), By Application, By Value, 2017-2027

 

Figure 26: Middle East & Africa Plastisol Market Share (%), By End-User, By Value, 2017-2027

 

Figure 27: Middle East & Africa Plastisol Market Share (%), By Region, By Value, 2017-2027

 

 

 

 

List of Tables

 

 

Table 1: Global Plastisol Market Size, By Application, By Value, 2017-2027

 

Table 2: Global Plastisol Market Size, By End-User, By Value (USD Billion), 2017-2027

 

Table 3: Global Plastisol Market Size, By Region, By Value (USD Billion), 2017-2027

 

Table 4: North America Plastisol Market Size, By Application, By Value (USD Billion), 2017-2027

 

Table 5: North America Plastisol Market Size, By End-User, By Value (USD Billion), 2017-2027

 

Table 6: North America Plastisol Market Size, By Country, By Value (USD Billion), 2017-2027

 

Table 7: Europe Plastisol Market Size, By Application, By Value (USD Billion), 2017-2027

 

Table 8: Europe Plastisol Market Size, By End-User, By Value (USD Billion), 2017-2027

 

Table 9: Europe Plastisol Market Size, By Country, By Value (USD Billion), 2017-2027

 

Table 10: the Asia-Pacific Plastisol Market Size, By Application, By Value (USD Billion), 2017-2027

 

Table 11: the Asia-Pacific Plastisol Market Size, By End-User, By Value (USD Billion), 2017-2027

 

Table 12: the Asia-Pacific Plastisol Market Size, By Country, By Value (USD Billion), 2017-2027

 

Table 13: Latin America Plastisol Market Size, By Application, By Value (USD Billion), 2017-2027

 

Table 14: Latin America Plastisol Market Size, By End-User, By Value (USD Billion), 2017-2027

 

Table 15: Latin America Plastisol Market Size, By Country, By Value (USD Billion), 2017-2027

 

Table 16: The Middle-East & Africa Plastisol Market Size, By Application, By Value (USD Billion), 2017-2027

 

Table 17: The Middle-East & Africa Plastisol Market Size, By End-User, By Value (USD Billion), 2017-2027

 

Table 18: The Middle-East & Africa Plastisol Market Size, By Country, By Value (USD Billion), 2017-2027

 

Table 19: Bostik Financial Analysis

Table 20: Bostik Business Overview

Table 21: Illinois Tool Works Inc. Financial Analysis

Table 22: Illinois Tool Works Inc.Business Overview

Table 23: The Dow Chemical Company Corporation Financial Analysis

Table 24: The Dow Chemical Company Corporation Business Overview

Table 25: Franklin InternationalFinancial Analysis

Table 26: Franklin InternationalBusiness Overview

Table 27: 3MFinancial Analysis

Table 28: 3MBusiness Overview

Table 29: H.B. Fuller Company Financial Analysis

Table 30: H.B. Fuller Company Business Overview

Table 31: Chemence Financial Analysis

Table 32: Chemence Business Overview

Table 33: Henkel Financial Analysis

Table 34: Henkel Business Overview

Table 35: Dow Corning CorporationFinancial Analysis

Table 36: Dow Corning CorporationBusiness Overview

Table 37: International Coatings Company Financial Analysis

Table 38: International Coatings Company Business Overview

Table 39: Fujifilm CorporationFinancial Analysis

Table 40: Fujifilm Corporation Financial Analysis

Table 41: Rutland Plastic Technologies Financial Analysis

Table 42: Rutland Plastic Technologies Business Overview

Table 43: CCR Specialty Chemicals Financial Analysis

Table 44: CCR Specialty Chemicals Business Overview

Table 45: Monarch Color Corporation Financial Analysis

Table 46: Monarch Color Corporation Business Overview

Table 47: Polyblend Financial Analysis

Table 48: Polyblend Business Overview

Table 49: U.S. Plastic CoatingsFinancial Analysis

Table 50: U.S. Plastic Coatings Business Overview

Table 51: Wright Coatings Technologies Financial Analysis

Table 52: Wright Coatings Technologies Business Overview

Table 53: Rack Coating ServiceFinancial Analysis

Table 54: Rack Coating Service Business Overview

Table 55: Indian Dyes SalesFinancial Analysis

Table 56: Indian Dyes Sales Business Overview

Market Segmentation

By Application

  • Coatings
  • Moldings
  • Screen Printing
  • Adhesives & Sealants

By End-User

  • Construction
  • Transportation
  • Defense
  • Textiles
  • Metal Finishing
  • Others

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa
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Frequently Asked Questions (FAQs):

Ans: The global plastisol market reached USD 16.5 billion in 2020.
Ans: The major factors driving the growth of the global plastisol market are the increasing construction activities and growing application of plastisol in the automobile industry.
Ans: The key players in the global Plastisol market areBostik, Illinois Tool Works Inc., The Dow Chemical Company, Franklin International, 3M, H.B. Fuller Company, Chemencel, Henkel, Dow Corning Corporation, International Coatings Company, Fujifilm Corporation, Rutland Plastic Technologies, CCR Specialty Chemicals, Monarch Color Corporation, Polyblend, U.S. Plastic Coatings, Wright Coatings Technologies, Rack Coating Service, Indian Dyes Sales, and other prominent players.
Ans: The textile segment accounted for the largest share in the global plastisol market.
Ans: Asia-Pacific region has the largest share in the global plastisol market.