United States Plastisol Market to Grow with a CAGR of 4.21% through 2029
Surge in research and development activities is expected to drive the United
States Plastisol Market growth in the forecast period, 2025-2029.
According to TechSci Research report, “United
States Plastisol Market– By Region, Competition, Forecast and Opportunities, 2029F”, the United States Plastisol Market stood at USD 1.45 billion in
2023 and is anticipated to grow with a CAGR of 4.21% through 2029. The initiatives taken by government based on plastisol has led to
favorable market conditions for the United States Plastisol Market. Several
factors contribute to the growth of various plastisol market products.
One significant
initiative that is all worth packaging within the state to be recycle mentioning
within the state to be recyclable or is the state to be recyclable or
compostable by the legislation signed be recyclable or compostable by the year
2032. While this law does not by Governorable or compostable by the year 2032.
While this law does not specifically mention Gavin Newsom, known as SB 54.
This legislation
sets a requirement for all packaging within the state to be recyclable or
compostable by the year 2032. While this law does not specifically mention
plastisol, it has the potential to significantly impact the plastisol market.
This is because plastisol is commonly used in various packaging applications.
As a result, the legislation may serve as a catalyst for companies to explore
and adopt eco-friendlier alternatives to plastisol for their packaging needs.
It
is important to highlight the efforts of the Flexible Vinyl Products Division
(FVPD). This division is actively involved in providing technical education to
promote vinyl innovation and advocacy at all levels of government. Although not
a direct government initiative, the collaboration between the industry and
regulatory bodies through FVPD demonstrates a shared commitment to promoting
safer and more sustainable uses of materials, including plastisol. By fostering
such collaborations, the industry aims to drive innovation and ensure the
adoption of environmentally friendly practices in the field of vinyl and
related materials.
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In recent years,
there has been a significant rise in the investment for research and
development (R&D) activities. This increased expenditure has paved the way
for remarkable advancements, one of which is the adoption of digital
screen-printing applications. By leveraging this cutting-edge technology, rapid
customization and efficient production have become possible, thereby opening up
new opportunities for the plastisol market.
These innovative
solutions, stemming from rigorous R&D efforts, play a pivotal role in
propelling the growth of the U.S. plastisol market. With continuous research
and development, we can expect even more breakthroughs that will shape the
future of this industry, driving it towards unprecedented heights.
The United
States Plastisol Market is segmented in application, end user, regional
distribution, and company.
Based on its application, the adhesives segment held the largest share in the market. Adhesives offer flexibility in bonding a variety of materials like plastics, metals, and textiles commonly employed in plastisol applications. This adaptability makes them a favored option for manufacturers across diverse sectors. They deliver robust and long-lasting bonds, guaranteeing that the end product meets performance standards. Whether it's bonding fabrics for textile printing or attaching components in automotive settings, adhesives deliver consistent performance. They frequently yield cost efficiencies compared to alternative bonding methods like mechanical fastening or welding. Through efficient utilization of adhesive materials and streamlined application procedures, overall production costs can be reduced.
Major companies operating in United States Plastisol Market
are:
·
Avient Corporation
·
International Coatings Company
·
Carlisle Plastics Company, Inc.
·
Lancer Industries Inc
·
Chemionics Corporation
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“Plastisol inks
stand out as the preferred option for screen printing applications, due to
their adaptability and ability to seamlessly work with a wide range of
substrates. Within the United States, the screen printing sector has been
experiencing notable growth, largely fueled by the increasing need for
personalized merchandise, promotional items, signage, and graphic materials. At
the heart of this expansion lies the pivotal role of plastisol inks in
facilitating the screen printing process, thereby driving market advancement. The versatility
of plastisol inks enables businesses to effortlessly address diverse printing
requirements, catering to a broad spectrum of industries and applications.
Whether it's apparel, textiles, promotional materials, or signage, plastisol
inks offer unmatched flexibility and performance, making them indispensable
tools for printers seeking to deliver high-quality, customized products to
their customers”, said Mr.
Karan Chechi, Research Director of TechSci Research, a research-based
management consulting firm.
“United States
Plastisol Market By Application (Coatings, Moldings, Screen Printing,
Adhesives, Sealants), By End User (Textile, Transportation, Construction, Metal
Finishing, Defense, Recreational, Sports, Leisure, Toys), By Region,
Competition, Forecast and Opportunities, 2019-2029F”, has evaluated
the future growth potential of United States Plastisol Market and provides
statistics & information on market size, structure, and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in United States Plastisol Market.
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