What is polyvinyl butyral interlayers Industry?
Polyvinyl butyral (PVB) interlayers are a type of material used in the manufacturing of laminated safety glass, which is commonly used in windows, windshields, and other applications where safety is a concern. The PVB interlayer is sandwiched between two layers of glass, creating a strong and durable bond that holds the glass together even when it is broken. The PVB interlayer helps to prevent injuries and damage from shattered glass by holding the fragments in place. The PVB interlayer industry is the industry involved in the production and distribution of PVB interlayers for use in laminated safety glass.
The Polyvinyl butyral (PVB) interlayers Market research report offers insights into the newest growth and trends. It summarizes crucial aspects of the market, with target on leading key player’s areas that have witnessed the highest demand, leading regions and operations. The industry research report offers qualitative as well as quantitative information data relating to the factors, size, share, review, challenges, polyvinyl butyral (PVB) interlayers market type and opportunities that may define the expansion of the market over the forecast period. The global PVB market size is projected to grow from USD 3.7 billion in 2022 to USD 5.1 BN by 2027, at a CAGR of 6.5% between 2022 and 2027.
Polyvinyl Butyral (PVB) Market Growth Drivers
The global polyvinyl butyral (PVB) interlayers market is expected to grow due to increasing demand for safety glass in automotive and construction industries, as well as growth in the photovoltaic industry. Other drivers of market growth include advancements in PVB interlayer technology, increasing urbanization and infrastructure development, and growing awareness of the benefits of PVB interlayer in glass applications such as security, sound reduction, and UV protection.
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Polyvinyl Butyral (PVB) Market Key Players
- Eastman Chemical Company (US)
- Kuraray (Germany)
- Sekisui Chemicals (Japan)
- Everlam (Belgium)
- Genau Manufacturing Company (India)
- KB PVB (China)
- Chang Chun Group (China)
- DuLite (China)
- Huakai Plastic (China)
- Willing Lamiglass Materials (China)
- Jiangsu Darui Hengte Technology (China)
- Tiantai Kanglai Industrial (China)
Kuraray is one of the leading players engaged in manufacturing of specialty chemicals. The company has six operating business segments including vinyl acetate, isoprene, functional materials, fibers textiles, trading, and others. Kuraray offers PVB resins through vinyl acetate business segment under the brand Mowital for automotive and construction industry. Kuraray has manufacturing presence in North America, Asia Pacific, and Europe.
Polyvinyl Butyral (PVB) Market Segmentation
The polyvinyl butyral interlayers market can be segmented by type, end-use industry, and region.
On the basis of Type:
- Standard
- Structural
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On the basis of End-use Industry:
- Automotive
- Construction
- Photovoltaic
Photovoltaic to be the fastest-growing end-use segment of the PVB interlayers market.
The demand for PVB interlayers in the photovoltaic industry is expected to grow at a relatively high rate, driven by its advantages over other plastic materials as an encapsulant in the photovoltaic modules. Owing to the growing focus on renewable sources for energy generation, the consumption of PVB interlayers in this end-use industry segment is projected to grow during the forecast period.
On the basis of Region:
- North America
- Europe
- APAC
- Rest of the World
The APAC polyvinyl butyral (PVB) market is expected to experience significant growth due to increasing demand from end-use industries such as automotive, construction, and photovoltaic. Additionally, the growth of the construction industry and the increasing adoption of laminated safety glass are also expected to contribute to the market growth.
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Table of Contents:
- Executive Summary
- Scope/opportunities of the Polyvinyl butyral (PVB) Market Report
- Research Methodology
- Polyvinyl butyral (PVB) Market Landscape
- SWOT Analysis
- Market Sizing
- Polyvinyl butyral (PVB) Market Segmentation
- Customer Landscape
- Regional Landscape
- Business Decision Framework
- Drivers And Challenges
- Polyvinyl butyral (PVB) Market Key Trends
- Players Landscape
- Players Analysis
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