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| Plastisols Market |
The global Plastisols Market is estimated to be valued at US$21.02 billion in 2022 and is expected to exhibit a CAGR of 6.16% over the forecast period (2017-2022), as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Plastisols are liquid compounds that solidify when heated to form a flexible
and durable vinyl coating. These coatings are widely used in various industries
such as automotive, construction, and textile due to their excellent adhesion,
chemical resistance, and low cost. The increasing demand for PVC-based
products, such as coatings, adhesives, and sealants, is expected to drive the
growth of the plastisols market. Additionally, the growing construction
industry and rising disposable income in emerging economies are further
boosting the demand for plastisols.
Market key trends:
One key trend in the plastisols market is the rising demand for eco-friendly
plastisols. With increasing environmental concerns and stringent regulations,
manufacturers are focusing on developing sustainable alternatives to
conventional plastisols. This includes the use of bio-based raw materials and
recyclable additives in the production of plastisols. These eco-friendly
plastisols not only reduce the carbon footprint but also offer similar
performance properties as conventional plastisols. The growing awareness among
consumers about sustainable products is expected to drive the demand for
eco-friendly plastisols in the coming years.
PEST Analysis:
Political: The political factors influencing the Plastisols market include
government regulations regarding environmental impact and health hazards
associated with the use of certain chemicals in plastisols. Companies operating
in this market need to comply with regulations related to the manufacturing and
disposal of plastisols.
Economic: The economic factors affecting the Plastisols market include interest
rates, inflation, and disposable income. With a projected CAGR of 6.16% over
the forecast period, the market is expected to witness high growth. Increasing
disposable income and industrial development in emerging economies are driving
the demand for plastisols.
Social: The social factors influencing the Plastisols market include changing
consumer preferences towards sustainable and eco-friendly products. The demand
for plastisols is also driven by the growth of end-use industries such as
automotive, construction, and healthcare, which are highly influenced by social
trends and consumer demands.
Technological: The technological factors affecting the Plastisols market
include advancements in polymer chemistry and the development of innovative
manufacturing processes. Technological advancements have led to the production
of high-performance plastisols with improved durability and eco-friendliness.
Key Takeaways:
The global Plastisols
Market Share is expected to witness high growth, exhibiting a CAGR of 6.16% over the forecast period,
reaching USD 21.02 billion by 2022. This growth can be attributed to the
increasing demand from end-use industries such as automotive, construction, and
healthcare. With the growing need for environmentally-friendly products,
manufacturers are focusing on developing eco-friendly plastisols to cater to
the changing consumer preferences.
In terms of regional analysis, Asia Pacific is expected to be the
fastest-growing and dominating region in the Plastisols market. The region's
rapid industrialization, urbanization, and rising disposable income are driving
the demand for plastisols. Additionally, the presence of key players and
favorable government policies promoting industrial growth further contribute to
the region's dominance in the market.
Key players operating in the 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. These key players are
focusing on product innovations and strategic collaborations to gain a
competitive edge in the market.
Read More,
https://www.newsstatix.com/the-plastisols-market-trends-size-and-share-analysis/
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