What are Key Factors Driving Growth of Global Plastisols Market? from Aryan's blog

The increasing implementation of flexible taxation policies on the export and import of plastisols by the governments of several countries is driving their sales across the world. Moreover, the large-scale commercialization of plastisols is also pushing up their worldwide demand. In addition, the governments of many countries are making the use of plastisol coating compulsory. For example, in industries, such as transportation, upholstery, and furniture, the utilization of plastisol coatings as flame retardants has been recently made mandatory in order to improve the safety of workers, as the mixture offers excellent fire and heat resistance. 


Besides, the expansion of the textile industry is also propelling the demand for plastisols. Plastic inks are being increasingly used in inking and coating of textiles, due to their opaqueness, excellent performance on various fabrics, and high cost-effectiveness. The mushrooming requirement for printed textiles, such as sweatshirts, cushions, printed tees, tote bags, jeans, jackets, bed covers, and several other apparels is driving the usage of coating inks in the textile industry. In addition, the growing preference of consumers for fabrics with attractive designs and colored patterns is also pushing up the requirement for plastisols. 


Many governments are enacting policies for supporting the expansion of the textile industry, which is also fueling the progress of the plastisols market. Apart from these factors, the increasing adoption of digital screen printing is also predicted to fuel the market at a CAGR of 7.5% during 2018–2023 (forecast period). Digital screen printing is basically a new process in which the printing operation on fabrics is processed via computers.  


The process involves the use of plastisol ink jet printer, on which the fabric, which is to be printed, is directly placed and then the ink is squirted on it. This printing method is faster and needs less manual labor and inputs. Moreover, digital screen printing massively mitigates the chances of error in the printing process. Owing to these factors, the popularity of this process is soaring, which is, in turn, expected to propel the revenue of the plastisols market from $26,267.2 million in 2017 to $40,464.8 million by 2023. 


Depending on application, the market is divided into textile screen printing, adhesives and sealants, moldings, and coatings. Out of these, the textile screen printing category will register the fastest growth in the market in the coming years. This is ascribed to the ballooning use of textile screen printing in apparels. Geographically, the Asia-Pacific (APAC) region will be the fastest growing region in the plastisols market throughout the forecast period, as per the estimates of the market research company, P&S Intelligence. This will be because of the surging plastisol production capacity of various players based in the region.


Therefore, it can be said without any hesitation that the demand for plastisols will surge sharply in the forthcoming years, mainly because of the expansion of the textile industry and the rising adoption of digital screen printing across the world. 


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