Polyvinyl Butyral (PVB) Market Report 2020-2030
Polyvinyl Butyral (PVB) Market Report 2020-2030: A Global Polyvinyl Butyral (PVB) Market Estimate and Forecast – Industry Insights for Consumption, Demand, Production, Price Trend, Competitive Intelligence and Opportunity Analysis Along the Value Chain
The global polyvinyl butyral (PVB) was valued at $2.6 billion in 2018. PVB are utilized in the form of both composites as well as non-composites manner and provide vast applications since it is a resin that provides sharper optical clarity, resilient binding and enables toughness and flexibility. Various properties of PVB such as controlling UV radiation, reduction of sound, weather resistance and durability are thus attributing towards increasing popularity of PVB in both residential and non-residential glasses thereby strengthening growth of global polyvinyl butyral market.
PVB are used for securing and layering the safety glass used in building and vehicles and enhances the quality of laminated safety glass. It also avails extended resistance and adherence properties to inadequacies in the glass at the time of lamination process. Furthermore, PVB also provides temperature and light stability to the modules and are light weighted along with thin structures that provide structural benefits as compared to that of their substitutes. These benefits of PVB are creating increasing opportunities for global PVB market to expand their growth prospects at rapid pace.
There are various applications of PVB such as paint, laminated safety glass, primers binders and adhesives and are amalgamated from butyraldehyde and polyvinyl alcohol in acidic medium. PVB is excessively being utilised in automobiles as an interlayer in laminated safety glass to avoid any damage to occur from sudden accident or breaking of glass. Additionally, PVB makes the glass safe from light or heat occurring due to solar energy or UV radiations by deducing their effects and thereby increasing its global acceptance in automotive domain that is significantly contributing towards growth of global PVB market.
Increasing demand for photovoltaics is the key factor driving the growth of global polyvinyl butyral (PVB) market. PVB is a commonly utilised secure glass sealing compound rapidly utilised for various applications such as automotive and architecture. PVB is considered to be vital component with high influence properties on thin film photovoltaic cell that are deposited on the glass window. PVB comprises of higher magnitude and have improved resistance from impact.
Increasing commercial utilisation of PVB products in automotive sector is anticipated to bolster the growth of global PVB market at significant rate. The ability to improve indoor air quality in automobile along with reducing heat are the vital ability of PVB films delivered to manufacturers that is further propelling the market growth of PVB at significant rate. However, extensive recycling of PVB, availability of substitutes in the market and volatility in prices of raw materials are the factors that are predicted to hamper the growth of global PVB market in the near future.
PVB market forecast 2020 – 2030 estimates the historical market size in terms of consumption as well as revenue generated by the industry players across the globe. It offers the opportunity analysis along the value chain for the PVB manufacturers. Also, the report offers the vendor analysis along with price trend which provides an edge to the stakeholders especially manufacturers to create a better understanding of the market. Transportation, building & construction, defense, and other industry players benefit from the product benchmarking and matrix helping them to take right decision in choosing the right product with optimum prices suited for their end use applications.
The reports provide the analysis based on application and end user segment. On the basis of application, the global PVB market is categorised into acoustic protection, lamination, binders, coatings, architectural glazing, and others. Among these segments, coating category is anticipated to witness highest CAGR during the forecast period due to the growing usage of product in coating application for textile substrates. PVB is also used in the coating applications of leather paints, powdery paints, wood paints, printing inks, foil coatings, and adhesives.
Based on end user, the global PVB market is segmented into transportation, building & construction, defense, and others. Among these segments, building & construction domain is estimated to contribute largest revenue throughout the estimated period owing to increasing acceptance of PVB in both residential and commercial buildings. Moreover, PVB are gaining popularity in this sector due to varied acceptance in restaurants, museums, hospitals and hotels.
Asia-Pacific PVB market is projected to generate largest revenue throughout the estimated period owing to increasing acceptance of PVB in packaging purpose along with rapid growth of construction domain in the region. Increasing demand for automobiles in China is cumulating demand for PVB from automobile manufacturers. PVB enables safe and secure packaging by preserving health & safety standards established by government along with preventing infections with the use of adhesives and laminated glasses thus bolstering the growth of PVB market in this region. Increasing safety concerns are further anticipated to drive the growth of PVB at extensive rate.
The report also offers the insights for the North American, European, Latin American, and Middle East and African Market. A detail analysis of historic and forecast consumption data, revenue in the market and competitive analysis for major competitors in each region is also provided.
The eminent key players in the global polyvinyl butyral market are undertaking considerable investment decisions in order gain competitive advantage. Moreover, entering into partnership agreements and performing mergers & acquisitions are the key development strategies being implemented by the crucial players in global PVB market.
Some of the players having prominent presence in the global PVB market include HuzhouXinfu New Materials Co., Limited, Eastman Chemical Company, Sekisui Chemicals Co., Limited, TiantaiKanglai Industrial Co., Limited, Chang Chun Petrochemical Co., Limited, Qingdao Haocheng Industrial Company Limited, DuPont, Hunan Xiangwei Co., Ltd., Kingboard (Fo Gang) Specialty Resins Limited, DuliteCo. Limited, Huakai Plastic Co. Limited, Jiangxi Rongxin New Materials Co., Limited, Kuraray Co., Limited, Everlam, Zhejiang Pulijin Plastic Co., Limited, Anhui Wanwei Group Co., Ltd., and Guangzhou Aojisi New Materials Co., Limited.
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