Dublin, May 29, 2024 (GLOBE NEWSWIRE) -- The "United States Plastisol Market, By Region, Competition, Forecast and Opportunities, 2019-2029F" report has been added to ResearchAndMarkets.com's offering.
United States Plastisol Market was valued at USD 1.45 billion in 2023 and is anticipated to project steady growth in the forecast period with a CAGR of 4.21% through 2029
One of the key drivers behind the consistent growth of the plastisol market is the increasing prominence of plastisol coatings in various end-use industries. These coatings offer exceptional resistance to weathering, corrosion, and electrical insulation, making them highly suitable for both indoor and outdoor applications. This exceptional performance has led to a surge in demand, particularly in sectors such as automotive and construction, where durability and longevity are of paramount importance.
Another significant factor contributing to the expansion of the plastisol market is the rapid growth of the textile industry. Plastisol ink, widely used in screen printing, is favored for its ability to create vibrant and long-lasting prints on fabrics. As the fashion and textile industries continue to flourish, the demand for high-quality plastisol inks remains on the rise.
Continuous advancements in technology and production methods have resulted in the development of even higher quality plastisols and more efficient manufacturing processes. These improvements not only make plastisols more accessible but also more cost-effective, further fueling their market growth.
It is important to acknowledge that the market's growth is not without challenges. Environmental concerns surrounding the use of PVC and the proper disposal of plastisol products pose potential obstacles. Industry players are actively investing in research and development to explore and produce eco-friendly alternatives. These efforts aim to address these concerns and pave the way for a more sustainable future, opening up new avenues for growth and innovation within the plastisol industry.
Advancements in Textile Printing and Apparel Industry
Plastisol, a suspension of PVC particles in a liquid plasticizer, has emerged as a key player in the textile printing market due to its remarkable properties. With excellent chemical resistance, electrical insulation, and durability, plastisol is the perfect choice for creating vibrant and long-lasting prints on various fabrics. Its ability to withstand the test of time and resist wear and tear makes it a preferred option for textile printing applications.
In recent years, the introduction of functional printing has revolutionized the apparel industry. This innovative technology allows for the creation of textiles with integrated functions, such as water-resistance, stain-resistance, and UV protection. Plastisol, with its inherent durability and resistance properties, is widely used in functional printing processes, driving its demand and popularity in the market.
The advent of smart textiles and wearable technology is reshaping the landscape of apparel manufacturing. Smart textiles, which incorporate sensors and other electronic components into fabrics, offer enhanced functionality and performance. Plastisol, with its excellent electrical insulation properties, is increasingly being utilized in the production of smart textiles to ensure optimal performance and durability.
The combination of plastisol's versatility, durability, and resistance properties, along with its compatibility with both functional and smart textile technologies, positions it as a vital component in the ever-evolving world of textile printing and apparel manufacturing.
Segmental Insights
Application Insights
Based on the category of application, the screen printing emerged as the fastest growing segment in the United States market for plastisol in 2023. Plastisol inks have long been the preferred choice for screen printing due to their exceptional ease of use and remarkable flexibility. One of their key advantages is that they do not dry out in the screen, which means printers can work with them for extended periods without the constant worry of clogging or drying. This user-friendly characteristic of plastisol inks makes them the go-to-choice for screen printing professionals.
When it comes to producing prints that truly pop, plastisol inks excel. Their vibrant and vivid colors make them ideal for creating eye-catching and attention-grabbing designs. What sets them apart is their ability to apply a thicker print to the fabric, allowing for bright colors to shine through even on darker shirts. Additionally, plastisol inks offer the opportunity to experiment with special effects like glitters, adding a touch of sparkle and further enhancing their appeal.
The versatility of plastisol inks is truly remarkable. They can be easily modified to meet the specific requirements of any screen printing job. Whether it's printing on different types of textiles, various garment styles, or different print locations and placements, plastisol inks can adapt to it all. This unparalleled versatility enables manufacturers to cater to diverse customer demands, ultimately driving the ever-growing demand for plastisol inks in the realm of screen printing.
End User Insights
The textile segment is projected to experience rapid growth during the forecast period. Plastisol, a widely-used ink for screen printing on textiles, has gained popularity in the textile industry due to its ease of use and durability. This versatile ink is known for producing vibrant and long-lasting prints on various fabrics and garment styles, making it an ideal choice for manufacturers looking to meet diverse customer demands. The screen-printing segment alone represents a significant portion of the plastisol market, highlighting its importance in the industry.
The rise of personalized apparel has further fueled the demand for plastisol. With the advent of digital screen-printing applications, manufacturers can now offer rapid customization and efficient production. Plastisol's compatibility with these digital techniques has made it even more desirable in the textile industry.
Regional Insights
Mid-West emerged as the dominant region in the United States Plastisol Market in 2023, holding the largest market share in terms of value. The Midwest region, known for its diverse range of industries, is a thriving hub for plastisol utilization. Industries such as automotive, textile, and construction heavily rely on plastisol for its exceptional qualities. The durability and versatility of this material have made it a preferred choice in manufacturing processes, contributing to the high demand within the Midwest.
Statistics from the National Association of Manufacturers reveal the significant impact of the Midwest on the overall output of the U.S. manufacturing sector. Accounting for more than 20% of the total output, the region's robust manufacturing sector continues to fuel the demand for plastisol.
The Midwest's strong presence of screen printing businesses further amplifies the demand for plastisol. With its ability to produce vivid prints and ease of use, plastisol has become a staple in the screen printing industry. This prevalence of screen printing businesses in the region reinforces the already high demand for plastisol, making the Midwest a hotspot for its usage.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 81 |
| Forecast Period | 2023 - 2029 |
| Estimated Market Value (USD) in 2023 | $1.45 Billion |
| Forecasted Market Value (USD) by 2029 | $1.84 Billion |
| Compound Annual Growth Rate | 4.2% |
| Regions Covered | United States |
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the United States Plastisol Market.
- Avient Corporation
- International Coatings Company
- Carlisle Plastics Company, Inc.
- Lancer Industries Inc
- Chemionics Corporation
Report Scope:
United States Plastisol Market, By Application:
- Coatings
- Moldings
- Screen Printing
- Adhesives
- Sealants
United States Plastisol Market, By End User:
- Textile
- Transportation
- Construction
- Metal Finishing
- Defense
- Recreational
- Sports
- Leisure
- Toys
United States Plastisol Market, By Region:
- North-East
- Mid-West
- South
- West
For more information about this report visit https://www.researchandmarkets.com/r/jn7gkg
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
