Polyvinyl Butyral Market: Overview
Polyvinyl butyral (PVB) is a specialty resin that is used primarily as a raw material for laminated safety glass sheets in automotive and architectural applications. Out of these two applications, automotive accounts for 60% and architecture comprises 33% of the total consumption. Polyvinyl butyral consumption is faster in automotive because of the applications such as laminated safety glass for windshield, which increases safety and caters to noise reduction and light transfer.
In architectural applications, polyvinyl butyral lamination is provided in order to attain regulations and also to promote noise reduction and energy saving. Polyvinyl butyral also has application as encapsulation in solar panels, though this accounts for very small consumption of global production. Polyvinyl butyral products possess superior properties, which include high strength, better security, impact resistance ability, toughness, and high clearness that make it highly preferable in the transportation industry.
Polyvinyl Butyral Market: Dynamics
The Polyvinyl butyral market is primarily driven by the automotive industry, which has a substantial impact on the Asia Pacific and Europe region over the forecast period. This increasing adoption of polyvinyl butyral in the automotive industry is attributed to manufacturing laminated glass, such as soundproof glasses and windshield glasses.
Furthermore, the product is also utilized in automotive windows to improve overall safety and reduce external noise. Additionally, these products can absorb harmful infrared radiation from the sun, which significantly enhances vehicles protection. Currently, the numbers of cars equipped with safety glass side windows are small owing to their high price. However, shifting consumer preferences towards security features in automobiles, coupled with rising innovations to reduce the product prices, will make a noteworthy contribution to polyvinyl butyral market size during the entire projected period.
Polyvinyl Butyral Market: Regional Overview
Rising consumption of polyvinyl butyral from the building & construction industry primarily in Asia Pacific, Europe, Latin America, and the Middle East & Africa will help attain favorable gains to polyvinyl butyral market size during the forecast period.
For instance, the construction industry in the region is estimated to grow at a CAGR close to 6% during the forecast period. The product is widely used in commercial & industrial balustrades, overhead glazing, facades, floors & stairs, and others owing to its value-added features including reducing sound transmission, improving aesthetic value, and reduction of UV rays’ transmission.
Cumulative product adoption in airport terminals, government offices, shopping malls, stadiums, defense offices, and museums will fuel up the product demand, which will additionally help in attaining substantial additions to polyvinyl butyral market size over the next few years. Availability of product alternatives in the market, such as polyvinyl alcohol, is likely to hinder the overall polyvinyl butyral market size during the forecast period.
Polyvinyl Butyral Market: Key Players
Prominent players in the global polyvinyl butyral market are Kuraray Co., Ltd., Eastman Chemical Company, and Sekisui Chemical Co., Ltd. Other players operating in the polyvinyl butyral market are Kingboard (Fo Gang) Specialty Resins Co Ltd, Huakai Plastic, Zhejiang Bisheng Plastics Co., Ltd., and Chang Chun Petrochemicals Co., Ltd., among others. The global players are expected to strengthen their market positions by offering loyalty schemes and competitive prices. Several small-sized players also have a presence in the polyvinyl butyral market globally.
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Polyvinyl Butyral Market: Competitive Landscape
The global market for polyvinyl butyral is fragmented in nature owing to the presence of a large number of players in the market. The global polyvinyl butyral market has lucrative opportunities for new entrants, which will cater to competitiveness in the product offerings and also lead to a reduction in the prices of the products.
The research report presents a comprehensive assessment of the polyvinyl butyral market and contains thoughtful insights, facts, and historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The Polyvinyl butyral market report provides analysis and information, according to market segments such as geographies, application, and industry.
Polyvinyl butyral Market Report Covers Exhaustive Analysis On:
- Polyvinyl butyral Market Segments
- Polyvinyl butyral Market Dynamics
- Polyvinyl butyral Market Size & Demand
- Polyvinyl butyral Market Current Trends/Issues/Challenges
- Competition & Companies involved
- Polyvinyl butyral Market- Value Chain
An Adaptive Approach to Modern-day Research Needs
Polyvinyl butyral Market Regional Analysis Includes:
- North America (US, Canada)
- Latin America (Brazil, Mexico, rest of Latin America)
- Europe (Germany, Italy, France, U.K., Spain, BENELUX, Russia, Rest of Europe)
- East Asia (China, Japan, South Korea)
- South Asia (India, Thailand, Indonesia, Malaysia, Rest of South Asia)
- Oceania (Australia, New Zealand)
- MEA (GCC Countries, Turkey, Northern Africa, South Africa, Rest of Middle East and Africa)
The Polyvinyl butyral report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The Polyvinyl butyral report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The Polyvinyl butyral report also maps the qualitative impact of various market factors on market segments and geographies.
Polyvinyl butyral Market Report Highlights:
- A Detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint.
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company
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Polyvinyl Butyral Market: Segmentation
Global market for polyvinyl butyral market can be segmented by
On the basis of application, global market for polyvinyl butyral market is segmented by
- films & sheets
- paints & coatings
The rapid growth in the construction sector has a significant effect on the polyvinyl butyral, owing to the rising demand for efficient and effective material for various end-use application.On the other hand, with advancement in the industrial automation industry, applications from polyvinyl butyral is anticipated to gain traction in the coming years.