BEIJING, Nov. 24, 2022 (GLOBE NEWSWIRE) — The Global polyvinyl butyral market The size accounted for USD 3.1 billion in 2021 and is expected to occupy a market size of USD 5.3 billion by 2030, growing at a CAGR of 6.1% from 2022 to 2030.
Polyvinyl Butyral Market Statistics
- The global polyvinyl butyral market revenue was USD 3.1 billion in 2021, growing at a CAGR of 6.1% from 2022 to 2030
- Asia-Pacific accounted for 33.9% of polyvinyl butyral market share in 2021
- North America polyvinyl butyral market growth is expected to increase at a CAGR of 6.8% from 2022 to 2030
- By application, the films and sheets segment captures more than 70% of the total market share in 2021
- Growing Adoption in Photovoltaic Industry Boosts Market Value of Polyvinyl Butyral
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Polyvinyl Butyral Market Report Coverage:
| Market | polyvinyl butyral market | |
| polyvinyl butyral market Size 2021 | $3.1 billion | |
| polyvinyl butyral market Forecast 2030 | $5.3 billion | |
| polyvinyl butyral market CAGR from 2022 to 2030 | 6.1% | |
| polyvinyl butyral market Analysis period | 2018 – 2030 | |
| polyvinyl butyral market Year of reference | 2021 | |
| polyvinyl butyral market Forecast data | 2022 – 2030 | |
| Segments Covered | By application, end-use industry and geography | |
| polyvinyl butyral market Regional scope | North America, Europe, Asia-Pacific, Latin America, Middle East and Africa | |
| Profiled Key Companies | Qingdao Haocheng Co., Ltd., Eastman Chemical Co., Dulite Co., Limited, Chang Chun Company Limited, Everlam, Sekisui Chemical Company Limited, Tiantai Kanglai Co., Kuraray Co., Limited, King board Specialty Resins Limited and Huakai Plastic Co., Ltd. | |
| Report cover | Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulatory Analysis | |
Polyvinyl Butyral Market Overview
Polyvinyl Butyral (PVB) is a polymer primarily used in the automotive and construction industries due to its many characteristics such as optical clarity, solid authority, superb adhesion, adaptability as well as strength . Expanding product demand in end-user organizations is driving the development of the market. PVB is widely used in the earthenware production sector due to various characteristics such as wear resistance, heat resistance, hardness, concoction safety, weakness and resistance to oxidation. The demand for PVB in the ceramics industry is expected to grow rapidly over the next few years, due to its increasing use in automotive and infrastructure.
Polyvinyl Butyral Market Trends
One of the major drivers for the growth of the polyvinyl butyral (PVB) market is the increasing use of laminated glasses in domestic and non-residential buildings owing to their few qualities such as durability, UV ray management, reduction noise and weather resistance. The wide accessibility of PVB in many sizes and shapes is about to catch its attention in the near future. In any case, changes in the price of raw materials such as polyvinyl liquor and butyraldehyde are expected to negatively impact the market value of polyvinyl butyral (PVB). For example, in April 2015, Sekisui Specialty Chemicals, a leading manufacturer of polyvinyl liquor, announced a $100 increase in the price of polyvinyl liquor per metric ton.
PVB is mainly used as a glass intermediate in specific end-use sectors, such as construction and automotive. These companies combine two panes of glass with limited glass as a defensive interlayer. PVB films and sheets have a variety of qualities, including excellent transparency, strong impact resistance, exceptional flexibility and high elasticity. The need for PVB films and sheets is expected to increase over the next few years due to their use in sunlight based features such as ground transportation, solar energy, construction and development. In addition, the growing demand for photovoltaic panels in Japan and China is expected to expand the use of the product in the solar electricity market.
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Segmentation of the polyvinyl butyral market
The global polyvinyl butyral market has been segmented by Acumen Research and Consulting on the basis of application and end-use industry. By Type, the segment is split into Films & Sheets, Printing Inks, Adhesives & Sealants, Paints & Coatings, and others. According to the polyvinyl butyral market forecast, the film and sheet category is expected to grow significantly over the next few years.
Further, the market is divided into automotive, electrical & electronics, building & construction, and others based on end-use industry. The increased use of renewable energy sources is expected to expand the use of PVB in the electrical and electronics industries.
Regional Overview of Polyvinyl Butyral Market
Based on region, the global polyvinyl butyral market segmentation is done into Asia-Pacific, Europe, North America, Middle East & Africa and Latin America. According to a polyvinyl butyral industry report, the Asia-Pacific region is expected to witness significant growth in the coming years. Expanding use of PVB in applications such as packaging is one of the major growth drivers for the Asia-Pacific market. Additionally, increasing the use of laminated glasses and glues in pharmaceutical packaging to combat contaminations that maintain wellness and safety standards appear to be working for the market in the region. The notable growth of the Asia-Pacific market can be attributed to the region’s vibrant manufacturing hub and R&D developments. The use of spectroscopic methods for transportation, refining and distribution of oil and gas in the region is increasing the use of spectroscopic gadgets and equipment.
Additionally, automakers are expressing a strong desire to invest in Latin America, which is expected to boost the PVB market share. The growth of development organizations in Peru and Chile due to rapid currency developments is expected to create development opportunities for the local market in the coming years.
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Polyvinyl Butyral Market Players
Some of the major companies in polyvinyl butyral market are Qingdao Haocheng Co., Ltd., Dulite Co., Limited, Everlam, Tiantai Kanglai Co., King board Specialty Resins Limited, Eastman Chemical Co., Chang Chun Company Limited, Sekisui Chemical Company Limited. , Kuraray Co., Limited and Huakai Plastic Co., Ltd.
Questions this report answers
- What was the size of the polyvinyl butyral market in 2021?
- What will be the CAGR of the polyvinyl butyral market during the forecast period, 2022 to 2030?
- Who are the key players in the global polyvinyl butyral market?
- Which region held the largest polyvinyl butyral market share in 2021?
- What are the key market drivers of the Polyvinyl Butyral Market?
- Who is the largest end user of Polyvinyl Butyral market?
- What will be the value of the polyvinyl butyral market in 2030?
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