QYResearch: In 2023 the production of plastisol ink is estimated to be 133 K MT

Plastisol ink is a PVC-based industrial coating for screen printing cotton, polyester, nylon etc. New generation of products appeared in the market in recent years: non-phthalate plastisol inks and non-pvc plastisol inks.

In the global market, the production of plastisol ink decreases from 150.4 K MT in 2012 to 140.5 K MT in 2016, at a CAGR around -1.69%. In 2016, the global plastisol ink market is led by Asia, capturing about 32.5% of global plastisol ink consumption. At present, the major manufacturers of plastisol ink are PolyOne, Rutland Plastic Technologies, Huber Group, Fujifilm etc. PolyOne is the world leader, holding 15.5% production market share in 2016.

As revenue, North America is the largest regional market for plastisol ink, with revenue exceeding 316.12 million $ in 2016. Europe and China reached 302.86 million $ and 90.70 million $ in 2016, respectively.

In application, plastisol ink downstream is widely used in screen printing. Water based ink occupied part of plastisol ink market in the past years. The plastisol ink market will be further reduced due to the environmental reasons.

In the future, global market is expected to witness decrease with a CAGR of -0.8% from 2016 to 2023, so in the next few years, plastisol ink production will show a trend of steady decrease. According to QYResearch, In 2023 the production of plastisol ink is estimated to be 133 K MT.

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