Plastisols Market Analysis, Key Players, Growth Drivers and Future Analysis
The global plastisols market size is expected to exhibit a CAGR of 7.5% during the forecast period by P&S Intelligence.
By: P&S Intelligence
The governments of many countries are enacting policies for fueling the expansion of the textile industry. For example, according to the data and information collected by Indonesia-Investments, which is an informational website that publishes information about the country's economy, the government of Indonesia aims to increase the valuation of exported garments and textile to as much as $75 billion by 2030. This will consequently push up the sales of plastisols in the country in the coming years.
Plastisols are basically suspension mixtures made from plasticizers and polyvinyl chloride (PVC) materials. They exhibit many beneficial traits such as chemical resistance, corrosion resistance, and fire resistance and are not soluble in water. Because of these characteristics, plastisols are extremely suitable for use in several applications such as screen printing, coatings, adhesives and sealants, and moldings. Out of these, the usage of plastisols was found to be the highest in coatings during the past few years.
This was because of the fact that these materials provide high corrosion and chemical resistance and excellent insulation. Across the globe, the Plastisols market (https://www.psmarketresearch.com/
Therefore, it is safe to say that the demand for plastisols will soar all over the world during the next few years, mainly because of their increasing usage in the textile industry.