Global Plastisol Usage Set to Skyrocket in Coming Years
The expansion of the textile industry is positively impacting the sales of plastisols across the world. Screen printing is rapidly becoming the most sought-after option for printing fabrics. Plastic inks are extensively used in the inking and coating of textiles, because of their high cost-effectiveness, excellent performance, and opaqueness. Moreover, the mushrooming requirement for printed textiles such as jeans, printed tees, jackets, tote bags, and various other apparels is boosting the requirement for coating inks in textile applications.
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.
Similarly, the Indian government built 13 textile parks, as per the Scheme for Integrated Textile Parks enacted in 2005, for lending financial assistance to the small and medium enterprises operating in the country’s textile industry. The implementation of flexible taxation policies regarding the export and import of plastisols by the governments of various countries is another important factor propelling the sales of plastisols around the world. Furthermore, in many countries, the governments are making the usage of plastisol coating compulsory.
For example, in industries such as transportation, upholstery, and furniture, several governments have made the usage of plastisol coatings as flame retardants mandatory for enhancing consumer safety. The other major reason behind the implementation of this stringent policy is the fact that plastisol coatings provide excellent fire and heat resistance. Due to these factors, the sales of plastisols are surging sharply across the globe. This is, in turn, propelling the advancement of the global plastisols market.
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 will exhibit the fastest growth in the Asia-Pacific (APAC) region in the coming years, as per the estimates of P&S Intelligence, a market research company based in India. This will be because of the rapid economic progress and the ballooning plastisol production capacities of the regional countries.
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.
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