Market Size of Plastisols Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | > 6.00 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Asia Pacific |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Plastisol Market Analysis
The global plastisols market is expected to register a CAGR of more than 6% during the forecast period.
The COVID-19 pandemic negatively impacted the plastisols market. Due to the lockdown, the supply and production of major end-user industries were interrupted during COVID-19, decreasing plastisols consumption. After 2020, the market expanded steadily after the continuous activity in major-end user segments.
- The major factors driving the growth of the market studied are the rapidly expanding construction industry and the surge in demand from the textile industry in Asia-Pacific.
- The adverse environmental effects of plastisols and the severe phthalates impacts on human health are likely to hinder the growth of the studied market.
- PVC-Free Plastisols and the growing adoption of digital screen-printing applications are likely to create opportunities for the market in the coming years.
- The Asia-Pacific region is expected to dominate the market and will also witness the highest CAGR during the forecast period.