Increasing Production of Paints and Coatings and Increasing Number of Textile Shipments to Augment Growth of Plastisols Market

 

Plastisols Market

Plastisol is a suspension of polyvinyl chloride (PVC) or other polymer particles in a liquid plasticizer. It is an exciting new polymer that provides both UV protection and anti-fungal properties for a wide range of applications in plastics. It is also used in the drying process for final manufacturing. Because plastisol has a high melt-to-lubrication ratio, it tends to produce very good lubrication with low-fat formulations, although some oil-based lubricants are sometimes more acceptable if they are mixed in with the polymer. It is also a good anti-fungal and antibacterial agent for curing yeast infections of all kinds.

Market Dynamics

Increasing production of paints and coatings is expected to propel growth of the global plastisols market. For instance, according to American Coatings Association, the production of paints and coatings in the U.S. was pegged at 1.35 billion gallons in 2019, registering a value of US$ 25.7 billion, compared to 1.33 billion gallons valued at US$ 24.9 billion in 2018.

Increasing textile shipment is expected to offer lucrative growth opportunities for players in the   global plastisols market. For instance, according to National Council of Textile Organizations (NCTO), 2018 state of the U.S. Textile Industry Address, in 2017, the value of U.S. man-made fiber and filament, textile, and apparel shipments totaled an estimated US$ 77.9 billion, an increase from US$ 74.4 billion in output in 2016 and an increase of 16% since 2009.

Among end-use industries, the automotive segment is expected to witness decline in the global plastisols market, owing to decreasing demand for automobiles. For instance, according to the Society of Motor Manufacturers and Traders, the new car registrations in the U.K. decreased by 44% in March 2020 compared that in March 2019.

Among regions, North America is expected to witness significant growth in the global plastisols market, owing to increasing number of housing units in the region. For instance, according to The U.S. Census Bureau and the U.S. Department of Housing and Urban Development, in 2019, an estimated 1.290 million housing units were started in the U.S., witnessing an increase of 3.2% compared to 2018.

Competitive Analysis    

Major players operating in the global plastisols market include, Avient Corporation, Fujifilm Corporation, DOW Corning Corporation, PolyBlend UK Ltd, Plastisol Products Inc., Croda International Plc, Monarch Color Corporation, Huber Group International Coatings Company, Polysol Polymers, Rutland Plastic Technologies, U.S. Plastic Coatings, and Hernon Manufacturing, Inc.

Major players operating in the global plastisols market are focused on launching new products to expand their product portfolio. For instance, in January 2021, Avient Corporation launched Zodiac Taurus non-PVC inks, the third offering in the Zodiac brand collection of eco-conscious screen-printing inks.


Location: India

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