Global Plastisol Sealants Market is segmented By Type (Solvent-Based, Water-Based, Others), By Resin Type (PVC Resin, Acrylic Resin), By Application (Coatings, Moldings, Screen Printing, Adhesives & Sealants, Others), By End User (Textile, Building & Construction, Transportation, Automotive, Aerospace & Defense, Marine, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031
Plastisol Sealants Market Overview
The Global Plastisol Sealants Market is expected to grow at a CAGR during the forecasting period (2024-2031).
Plastisol is usually considered very stable at room temperature, with high flexibility and good peel resistance. Moreover, it is mostly used in vehicle body construction due to its bonding function, and they also serve to seal joints against moisture, dampen vibrations, and increase the body's rigidity. In addition, plastisol can also be used to bond non-pretreated metal sheets as they can take up oil.
Moreover, plastisol's main ingredients are sufficient powdered polyvinyl chloride or copolymers of vinyl chloride and, more newly, methacrylate or styrene copolymers dispersed in plasticizer. For a long time, phthalates like diisononyl phthalate (DINP), di(2-Ethylhexyl) phthalate (DEHP), and diisodecyl phthalate (DIDP) have been widely used as plasticizers in plastisol due to health and environmental concerns.
Furthermore, lower viscosities and a reduced plasticizer content are required, which can be achieved by adding volatile solvents to the plastisol. These products are frequently called organosols, which help solvent reduce viscosity before gelation and flashes during heating, leaving a more rigid material behind. In addition, it is often preferred when better gap filling, penetration of porous substrates or more rigid and stronger bonds are needed.
Plastisol Sealants Market Scope
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Metrics |
Details |
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Market CAGR |
High |
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Segments Covered |
By Type, By Resin Type, By Application, By End User and By Region |
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Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights. |
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Fastest Growing Region |
North America |
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Largest Market Share |
Asia Pacific |
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Plastisol Sealants Market Dynamics and Trends
Increasing government initiatives, disposable income, and urbanization for the textile industry's advancement & development are expected to boost the market growth. For instance, the global textile market is projected to increase in value from USD 1.5 trillion in 2020 to about USD 2.25 trillion during the forecast period due to increasing demand for clothing and shoes. In addition, the development of technical textiles that offer protection against high temperatures, molten metal impact, an acid environment is estimated to fuel plastisol market growth.
The plastisol market comprises moldings, textile printing, coatings, sealants and adhesives is expected to grow the market due to the evolution of electric vehicles and automotive cars. Rising disposable incomes, flexible government taxation policies, improving living standards, and rapid technological advancement in products is expected to drive the market growth. With the decreasing cost of the lithium-ion battery pack, electric vehicle sales have increased over the past decade. Moreover, the EV industry still has a long way to reach the same sales levels as the business for conventional automobiles, as electric car sales have reached around 3 million units in 2020 and are expected to increase during the forecast period due to an increase in awareness towards the environment and government regulation. As global Co2 emission as of 2018 was 36.44bn Mt with the number of deaths due to air pollution around 2.17m in 2019 and is expected to increase in the forecast period.
Plastisol Sealants Market Segmentation Analysis
By type, the market is segmented into solvent-based, water-based, and others. By resin type, the market is segmented into PVC resin and acrylic resin. By application, the market is segmented into coatings, moldings, screen printing, adhesives & sealants, and others. By end-user, the market is segmented into textile, building & construction, transportation, automotive, aerospace & defence, marine, and others.
The main characteristic of the PVC resin used in forming a plastisol is the particle size. It must be small enough to allow it to stay in suspension without settling. Moreover, it usually mandates a dispersion grade of PVC powder diameter of about 1 micron. In addition, another key condition is that the resin must maintain solvation at storage or room temperatures so the final product will have a possible shelf life.
Furthermore, a PVC plastisol sealer composition includes a polyvinyl chloride resin containing hydroxy group or carboxy group in the molecule, a blocked polyisocyanate compound, and an isocyanuric acid compound that has two or more groups selected from the above group in the molecule, which is useful for sealing the panels of automobile body without unwanted cracking of the coating films of the inter coat-paint and topcoat-paint applied on the sealer. The total global production volume of PVC in 2018 amounted to 44.3 million metric tons and is expected to reach the market size of nearly 60 million metric tons during the forecast period.
Global Plastisol Sealants Market Geographical Share
The Asia Pacific dominates the plastisols market due to textile and clothes manufacturing plants' shift in developing countries like China, Japan, and India. Moreover, the regional market is increasing demand from transportation and textile industries for eco-friendly products as per the government regulation and environmental issues. China was the top-ranked global clothing exporter with a share of approximately 30.8% market share in 2019 and is expected to dominate during the forecast period.
North America is expected to be the fastest-growing plastisol market in the forecast period. The U.S. hold the largest market share of the plastisols market in this region due to increasing demand substantially owing to growing transportation, textiles and construction industries. Moreover, favorable regulations for plastisols commercialization and increasing product selection for screen printing is expected to boost the regional market growth.
Other regions like Europe, the Middle East, and others are expected to contribute significant growth to the plastisol market. Technological advancement and manufacturing methods and increasing industrialization in these regions are expected to drive the plastisol sealants market.
Plastisol Sealants Market Companies and Competitive Landscape
The plastisol sealants market is fragmented with the presence of regional and global players. The competitive outline lies with the increase in the regional company and growing investment in upstream application. Bostik, Dow Chemical Company, 3M Company, H.B. Fuller Company, Henkel AG Industries, Dow Corning Corporation, Franklin International, Illinois Tool Works Inc, Lancer Group International, Plastisol Products Inc. are the major player in the sealants market. The major players adopt several growth strategies such as product launches, acquisitions, and collaborations, contributing to growing the plastisol sealants market globally.
Henkel AG Industries
Henkel has manufactured TEROSON® PV 3046 that is light ivory, solvent-free, heat-cured above +140 °C, pasty PVC plastisol seam sealant applied between metal sheet butt and overlap joints (interior/exterior seams) on vehicle bodies. Moreover, the material can be coated with the usual primer and topcoat paints without adverse effects on its surface. In addition, it is also used on electro-dip steel sheets.
TEROSON® PV 475.3 is a modified vinyl plastisol that is a non-expandable, high-temperature cure, wash-resistant sealer for use in body-in-white. The sealer is invented to seal noncosmetic seams of the body that are not accessible in the paint shop. Moreover, it exhibits good adhesion to galvanized metal and other steel surfaces coated metal forming lubricants.
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- Visualize the Plastisol Sealants Market segmentation composition by Type, Resin Type, Application, End-User, and region, highlighting the critical commercial assets and players.
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