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The global polyvinyl butyral market size is projected to reach around USD 4 billion by 2025. Polyvinyl butyral is a resin which is produced by utilizing polyvinyl alcohol and butyraldehyde through a condensation process. It is used in applications which require improved optical clarity, strong adhesion, high flexibility and good strength.Request for Sample PDF @ https://www.adroitmarketresearch.com/contacts/request-sample/1430
One of the key driving factors for the polyvinyl butyral market growth is the escalating adoption of laminated glasses in residential & non-residential buildings due to their numerous characteristics such as durability, UV radiation safety, sound reduction, and weather tolerance. In many end-use industries, such as architectural as well as automotive applications, PVB (polyvinyl butyral) is widely used as a glass interlayer. Restricted glass is used as a protective interlayer between two panels of glass in these industries. PVB films and sheets have a wide range of characteristics, including high transparency, strong impact resistance, exceptional elasticity, and high tensile strength.
PVB films and sheets are likely to see a healthy increase in demand in the coming years due to their use in ground transportation, solar energy, and building and construction. In addition, the demand for photovoltaic modules in Japan and China is projected to boost product use in the solar energy sector. As a result of increased use in various end-use industries such as building, automotive, and photovoltaic, the market is likely to expand significantly in the coming years. Consumer demand for polyvinyl butyral will be fueled by properties such as excellent recyclability, solar energy control, good adhesion, security, and aesthetic appearance.
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The key raw materials used in the manufacture of PVB are butyraldehyde and polyvinyl alcohol, which are derived from petroleum and carbon compounds. The unpredictable nature of these raw materials has an effect not only on their market pricing but also on the use of PVB in automotive and construction applications.
However, in the Asia Pacific and Latin America, the growing number of off-grid solar projects, as well as commercial and residential buildings, is likely to boost demand for safety and laminated glasses. In the coming years, rising product demand for solar panel manufacturing is expected to open up new opportunities. Furthermore, due to its high resistance to UV radiation and harsh weather, extensive use in the construction industry is expected to support industry growth.
Latin America led on a regional level in 2015, and this pattern is likely to continue over the projected period. Increased automotive manufacturing in Brazil, Argentina, and Columbia is anticipated to boost the demand in the region.
The major players of the global polyvinyl butyral market comprise of DuPont, Eastman Chemical Company, Sekisui Chemicals Co., Limited, Chang Chun Petrochemical Co., Limited, Huakai Plastic Co. Limited, Kuraray Co., Limited, Kingboard Chemical Holdings Limited, Tiantai Kanglai Industrial Co., Ltd., Zhejiang Pulijin Plastic Co., Ltd., and Everlam including others The market for polyvinyl butyral is consolidated with the presence of established global and domestic players across the globe. Moreover, the established companies are shifting focus toward establishing manufacturing facilities associated with the production of material and chemical. Furthermore, the industry players are coming up with inorganic growth strategies to expand their market presence.
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Segment overview of polyvinyl butyral market
• End-User Overview, 2018-2025, (USD Million and kilotons)
• Construction
• Autotmotive
• Photovoltaic
• Defense
• Others
• Application Overview, 2018-2025, (USD Million and kilotons)
• Paints & Coatings
• Films & Sheets
• Adhesives
• Others
• Regional Overview, 2018-2025, (USD Million and kilotons)
• North America
o U.S.
o Canada
o Mexico
• Europe
o UK
o Germany
o Italy
o Rest of Europe
• Asia Pacific
o China
o India
o Japan
o Rest of Asia-Pacific
• Middle East & Africa
o Saudi Arabia
o Rest of Middle East & Africa
• South America
o Brazil
o Rest of South America
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