The market size of polyvinyl butyral is expected to reach USD

BEIJING, Nov. 24, 2022 (GLOBE NEWSWIRE) — The Global Polyvinyl butyral market The size accounted for $3.1 billion in 2021 and is projected to occupy a market size of $5.3 billion by 2030, growing at a CAGR of 6.1% from 2022 to 2030.

Polyvinyl butyral market statistics

  • Global Polyvinyl Butyral Market Revenue was $3.1 Billion in 2021, CAGR of 6.1% from 2022 to 2030
  • Asia-Pacific region accounted for 33.9% of polyvinyl butyral market share in 2021
  • North America Polyvinyl Butyral Market Growth Expected to Expand at a CAGR of 6.8% from 2022 to 2030
  • By Application, Films and Sheets Segment to Capture Over 70% of Total Market Share in 2021
  • Growing adoption in the PV industry determines the market value of polyvinyl butyral

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Polyvinyl Butyral Market Report Coverage:

Market Polyvinyl butyral market
Polyvinyl butyral market Size 2021 USD 3.1 billion
Polyvinyl butyral market Forecast 2030 USD 5.3 billion
Polyvinyl butyral market CAGR In the period 2022 – 2030 6.1%
Polyvinyl butyral market Analysis period 2018 – 2030
Polyvinyl butyral market Reference year 2021
Polyvinyl butyral market Forecast data 2022 – 2030
Segments covered By application, by sector of end use and by geographical area
Polyvinyl butyral market Regional scope North America, Europe, Asia Pacific, Latin America, the Middle East and Africa
Key companies profiled 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 coverage Market trends, drivers, restrictions, competitive analysis, player profiling, regulatory analysis

Overview of the Polyvinyl Butyral market

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, excellent adhesion, conformability, and strength. Expanding demand for products in end-user organizations is driving market development. PVB is widely used in the earthenware manufacturing business due to various characteristics such as wear resistance, heat resistance, hardness, dough security, weakness and oxidation resistance. The demand for PVB in the ceramics industry is expected to grow rapidly in the coming years, due to its increasing use in the automotive and infrastructure industries.

Polyvinyl butyral market trends

One of the main patterns driving the growth of the polyvinyl butyral (PVB) market is the increasing use of laminated glass in domestic and non-residential buildings due to their few qualities such as durability, UV radiation handling, noise reduction and weather resistance. atmospheric. The high accessibility of PVB in many sizes and shapes is poised to increase 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 have a negative impact on the market value of polyvinyl butyral (PVB). For example, in April 2015, Sekisui Specialty Chemicals, a major producer of polyvinyl liquor, announced a $100 price increase 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 feats 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, outstanding flexibility and high elasticity. The need for PVB films and sheets is expected to increase in the coming years due to their use in sunlight-based functionalities such as land transportation, solar energy, construction and development. In addition, growing demand for PV panels in Japan and China is expected to expand the product’s use 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 based on application and end-use industry. By type, the segment is divided into films and foils, printing inks, adhesives and sealants, paints and coatings, and others. According to the polyvinyl butyral market forecast, the film and plate category is expected to develop significantly in the coming years.

Also, the market is segmented into Automotive, Electrical & Electronics, Building & Construction, and others, based on the end-use industry. The increased use of renewable energy sources is expected to expand the use of PVB in the electrical and electronic industries.

Regional overview of the polyvinyl butyral market

Based on region, the worldwide market segmentation of polyvinyl butyral is into Asia Pacific, Europe, North America, Middle East and Africa, and Latin America. According to a report from the polyvinyl butyral industry, the Asia-Pacific region is expected to grow significantly in the coming years. Expanding the use of PVB in applications such as packaging is one of the major growth drivers in the Asia-Pacific market. Additionally, the increased use of laminated glass and glues in pharmaceutical packaging to combat contamination that maintains standards of well being and safety should work for the area market. The remarkable growth of the Asia-Pacific market can be attributed to the region’s dynamic manufacturing hub and developments in research and development. The use of spectroscopic methods for the transportation, refining and distribution of oil and gas in the region is increasing the use of spectroscopic equipment and gadgets.

Besides that, auto companies are expressing a strong desire to invest in Latin America, which should boost PVB’s market share. The growth of development organizations in Peru and Chile as a result of rapid monetary progress 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 leading companies of 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 market 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 major players in the global Polyvinyl Butyral market?
  • Which region held the largest share in the polyvinyl butyral market in 2021?
  • What are the key market drivers of Polyvinyl Butyral Market?
  • Who is the biggest Polyvinyl Butyral market by end user?
  • What will be the market value of polyvinyl butyral in 2030?

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