Overview

Polyvinyl Butyral (PVB) Market is estimated to be valued at USD 4.4 million by 2029 end and is projected to register a CAGR of 5.3% during the forecast period 2020 to 2029.

Polyvinyl Butyral (PVB) is primarily used for making laminated safety glasses like soundproof glasses and windshields. These products offer properties like impact resistance ability, high strength, better security, high clarity and toughness. Furthermore, these glasses can absorb the harmful ultraviolet radiations from the sun thus enhancing vehicle protection. Due to these properties, such glasses are highly preferred in the automobile industry.

Application-wise, the market is bifurcated into adhesives, films & sheets and paints & coatings. Laminated glasses are manufactured using PVB sheets and films. These glasses are mainly used in automobile and architecture sectors. The strength and durability that these glasses offer are responsible for the increase in demand for PVB resulting into a significant market augmentation.

Based on the end user, the market is categorised as automobile, solar energy and other segments. PVB is prominently used in the ceramic industry owing to properties like thermal insulation, wear-resistance, hardness, oxidation resistance and chemical stability. The demand for PVB is estimated to soar significantly due to the rise of its use in the electrical and electronics and this shall augment the market growth of the other segment.

Market Regional Insight:

The market is regionally bifurcated into Latin America, North America, Europe, Asia Pacific and Middle East & Africa. North America is expected to showcase a significant market proliferation during the forecast period. The major reasons for this to happen are the growing production capacity of the region coupled with an increasing economic growth rate.

Polyvinyl Butyral (PVB) Market Segmentation:

By Region

Latin America
North America
Europe
Asia Pacific
Middle East and Africa

By Application

Adhesives
Films & Sheets
Paints & Coatings

By End User

Automobile
Solar Energy
Others

Competitive Landscape:

Tier 1 players- established companies in the market with a major market share
Tier 2 players
Emerging players which are growing rapidly
New Entrants

Key Market Players:

Eastman Chemical Co.
Chang Chun Company Ltd.
Sekisui Chemical Company Ltd.
Kuraray Co. Ltd.
Huakai Plastic Co. Ltd.
Kingboard Speciality Resins Ltd.
Tiantai Kanglai Co. Ltd.

FutureWise Key Takeaways

The automobile industry is on a rise especially in the European region and considering how crucial PVB is in making strong and durable windshields, the market surely will expand significantly
The solar energy sector is being soaring due to increasing environmental concerns and as PVB is widely used in manufacturing solar panels, the market is expected to witness a significant augmentation

Objectives of the Study:

To provide with an exhaustive analysis on the polyvinyl butyral market by region, by application, by end user
To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
To evaluate and forecast micro-markets and the overall market
To predict the market size, in key regions (along with countries)— Latin America, North America, Europe, Asia Pacific and Middle East & Africa
To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions