Seattle, WA -- (SBWIRE) -- 11/14/2019 -- Plastisols are liquid system containing Polyvinyl Chloride (PVC) resins dispersed in plasticizer. They can be processed by using various techniques such as coating, dipping, pouring, and spraying. Plastisols offer flexibility, toughness, abrasion, and chemical resistance and unlimited color possibilities. They can be used as a textile ink for screen-printing and as a coating. They have excellent properties such as resistant against climatic conditions and chemical which makes them ideal for the production of caps, handles, grips and shaped technical components, anti-corrosive, chemical-resistant, protective and decorative plastic covers for metal objects. Moreover, it is an ink of choice for printing of finished goods such as t-shirts, sweatshirts, jackets, and tote bags.
Furthermore, they are also used across the construction industry for piping and fittings, swimming pool liners, piping used in food processing, chemical processing, wall coverings, coated paneling's, adhesives, and coatings.
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In the healthcare sector, it is used for sterile medical packaging, blister, and clamshell packaging to protect toys, personal care products, & foods such as eggs and meat, bottles for household & personal care products, hardware electronics, cooking oils & automotive lubricant, closures for bottles & jars, and can coatings.
Some of the other applications include refrigerator door seals, electrical wire insulation, telephone cords, drip chambers, ear protection, goggles, inflatable splints, inhalation masks, laboratory ware, masks, mouthpieces, and oxygen delivery component.
Market Dynamics
Rising demand from end-use industries such as automotive and textiles have a wide range of applications, where polyvinyl chloride plastisols are used for the production of automotive component covers, hand grips, cable shrouds, gear lever, bellows, gaiters, sleeves, and end caps in brightly colored and high-gloss dip moldings is expected to fuel the market growth.
On the other hand, the toxic nature of polyvinyl chloride is a major factor hampering the growth of the magnetic material market. Also, textile coated with plastisol inks do not decompose and are difficult to recycle, this is another major factor restraining the market growth.
Market Outlook
According to Coherent Market Insights analysis, Asia Pacific held the dominant position in the global plastisols market in 2017. The Asia Pacific is projected to maintain its dominance throughout the forecast period, owing to increasing housing and infrastructure activities (hotels, stadium, and restaurants) and the textile industry.
Among end-use industries, the textiles segment is projected to gain major traction over the forecast period, and this can be attributed to high-performance requirements in the apparel industry. According to the Global Garment Industry factsheet, the world garment market was valued at around US$ 1.7 trillion. Therefore, rising demand from the textile industry is fueling the global plastisols market growth.
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Key players in the Global Plastisols Market
Key players operating in the global plastisols market include PolyOne 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.
In February 2017, Monarch Color Corporation launched the plastisols ink for the t-shirt screen printing market with three versions of 100% cotton, 50/50 cotton-poly blend, and a 100% polyester low-bleed version. Polyvinyl plastisols are also used for vacuum twist-off caps. These are used in highly sterilizable filling goods, provide great elasticity and flexibility of the sealant, and guarantee long-term storage without loss of vacuum.
Market Taxonomy
Based on resin type, global plastisols market is segmented into:
- Polyvinyl chloride (PVC)
- Acrylic
On the processing technology, global plastisols market is segmented into:
- Coatings
- Moldings
- Screen Printing
- Others
Based on end-use industry global plastisols market is segmented into:
- Automotive
- Textiles
- Construction
- Others
Based on region global plastisols market is segmented into:
- North America
- South America
- Europe
- Asia Pacific
- Middle East & Africa
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