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 Overview:
Plastisols are vinyl polymer dispersions used for molding, coatings, printing and decorative films. They provide flexibility, strength and durability to surfaces. Plastisols offer various advantages like fast drying, adaptability to various surfaces and resistance to corrosion which have increased their use in interior decor industry.
Market key trends:
One of the key trends driving the growth of the plastisols market is their increasing use in vinyl wall tiles and wall coverings. About 60% of global plastisol consumption is accounted for by wall tile applications due to their washability, durability and easy replacement properties. Plastisols provide an economical and aesthetic alternative to ceramic tiles for interior walls. Their wide availability in myriad designs and textures have further boosted their adoption in residential and commercial spaces.
Segment Analysis
The global Plastisols Market Size is segmented on the basis of product type, end-use industry and region. By product type, it is dominated by PVC paste plastisol segment due to its widespread adoption in various end-use industries such as automotive, construction, and others. It offers benefits such as flexibility, durability and resistance to chemicals, abrasion and impact.
Key Takeaways:
The global plastisols market is expected to witness high growth, exhibiting CAGR of 7.2% over the forecast period, due to increasing demand for lightweight vehicle parts with better design flexibility.
Regional analysis:
North America dominated the global plastisols market in 2022 owing to largest automotive market in the US and Canada. Asia Pacific is expected to witness fastest growth going forward due to rapidly growing construction and automotive industries in China and India.
Key players:
Key players operating in the plastisols market are Fujifilm Holdings Corporation, Lancer Group International, PATCHAM, Avient Corporation, and Carlisle Plastics Company. Fujifilm Holdings Corporation is a leading player due to its wide product portfolio and global footprint. The company offers innovative plastisol products for various applications.
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After losing all the impression of their achievements, great companies often fade away.
When the whole world was shifting towardsdigital photography in late 80s, Kodak refused to join the bandwagon, and continued with their existing products even after inventing the digital camera technology.
However, after 2010, Nokia's market value declined by about 90 percent and in 2011 Nokia was acquired by Microsoft.
why Nokia, which was considered as the undisputed king of mobile devices was thrown out of the market?The main reason is the introduction of iPhone in 2007.
At the time of iPhone's launch, half of all the devices sold in the planet were Nokia's.
Nokia's management thought they will continue to rule the market with dated Symbian OS and average phones.They never thought Apple would come-up with a superior hardware and software and the executives were afraid to acknowledge the fact even after knowing that it would take several years to develop a better OS that could compete with iOS.
The hazardous nature of traditional plastics is pushing governments all over the world to introduce stringent regulations to curb carbon emissions and the usage of harmful plastic products.
This is also estimated to provide momentum to the upscaling of the Global Bio-Based PET Market.Bio-Based Polyethylene Terephthalate (PET) is produced from ethylene glycol that is obtained from plants.
These plant sources include non-toxicity, recyclability, reduced carbon footprint, and a high resistance to shattering.
For instance, the Plant PET Technology Collaborative (PTC) by Virent, Inc uses paraxylene using beet sugar instead of fossil fuels.
These technological developments are anticipated to promote higher adoption of Bio-Based PET products, fueling growth in the market.Get Free Sample @ https://www.marketresearchfuture.com/sample_request/5823Industry Update:September 2018: PepsiCo formed a partnership with NaturALL Bottle Alliance to develop packaging made from 100% sustainable and renewable sources.
Following this, the Alliance aims to make 95% Bio-Based PET bottles.Key Players:Some of the prominent market vendors present in the Global Bio-Based PET Market include Braskem (Brazil), Gevo, Inc. (U.S.), TEIJIN LIMITED (Japan), Anellotech, Inc. (U.S.), TORAY INDUSTRIES, INC. (Japan), Indorama Ventures Public Company Limited (Thailand), M Chemicals (Italy), NatureWorks LLC (U.S.), Novamont S.p.A (Italy), Plastipak Holdings, Inc. (U.S.), Amyris (U.S.), and Toyota Tsusho Corporation (Japan).Market Segmentation:The report on Bio-Based Pet Market by Market Research Future (MRFR) includes a detailed analysis of various types of Raw Materials Used, Applications of Bio-Based PET, as well as specific regional analysis.
