The global plastisols market Growth Accelerated by Increased Use in Automotive Parts Coating

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Plastisols are dispersions of PVC resin particles in liquid plasticizers. They offer various advantages such as flexibility, weather resistance, and corrosion resistance. Plastisols are widely used for automotive parts coating, furniture fabric coatings, apparel coating, and medical device coatings.

The global plastisols market is estimated to be valued at US$ 18.74 Bn in 2023 and is expected to exhibit a CAGR of 7.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

One of the key trend driving the growth of the plastisols market is its increased use in automotive parts coating. Plastisols are increasingly used by automotive OEMs and component manufacturers for under the hood components coating, interior and exterior plastic parts coating, and other protective and decorative coatings. They provide benefits like resistance to heat, corrosion and abrasion. With recovering automotive production worldwide, the demand for plastisols from automotive applications is surging rapidly. Growing vehicle electrification is also boosting the demand as plastisols are used for coating battery packs and other electronic components. Thus, increased use of plastisols in automotive parts coating applications is a major trend supporting the market growth over the forecast period.

Segment Analysis

The global plastisols market is dominated by the construction sub-segment, which accounts for over 35% of the total market share. Plastisols are widely used in roofing, flooring and wall applications in the construction industry owing to their flexibility and resistance to moisture and microbial damage. They can be easily painted or printed on, making them suitable for architectural designs.

Key Takeaways

The global pllastisols market is expected to witness high growth over the forecast period of 2023 to 2030. The global plastisols market is estimated to be valued at US$ 18.74 Bn in 2023 and is expected to exhibit a CAGR of 7.2% over the forecast period 2023 to 2030.

Regional analysis: North America currently dominates the plastisols market and is expected to remain the fastest growing region during the forecast period. Stringent building codes regarding pollution control in construction are driving the demand for environment-friendly plastisols in the region.

Key players: Key players operating in the plastisols market are 3M, Dow, KONISHI CHEMICAL INC CO., and LTD. 3M is a leading player with a strong presence across major countries. Dow also has a wide product portfolio catering to various end-use industries like construction, transportation, etc.

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