Global Polyvinyl Butyral (PVB) Market Trends, Applications, Analysis, Growth, and Forecast to 2028

Global Polyvinyl Butyral (PVB) Market: Introduction                 

"The Polyvinyl Butyral Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031."

Polyvinyl butyral film is a glass interlayer utilized in various end-use industries owing to its different chemical properties. Polyvinyl butyral films and sheets offer special characteristics such as impact resistance, transparency, elasticity, and high tensile strength.

These properties make the sheets and films suitable for producing safety glass. Polymer interlayer of polyvinyl butyral is tough that brittle cracks would not pass one side of laminate to other side. Polyvinyl butyral sheets and films are produced commercially by extrusion with plasticizer, PVB resin, and additives.

Polyvinyl butyral sheets and films are utilized in end-use industries such as ground transportation, building & construction, and solar energy. Polyvinyl butyral films and sheets are primarily utilized in the manufacturing process of automotive windshields. Polyvinyl butyral films and sheets has its application in photovoltaic modules.

Dynamics

Increasing adoption for polyvinyl butyral across numerous end-use industries including building and construction is a factor estimated to drive the target market growth. Moreover, increasing demand for polyvinyl butyral from automotive and transportation is a key factor expected to drive the global polyvinyl butyral market growth.

Moreover, rapid growth investments in public sector for infrastructural development activities is among another factor expected to fuel the global market growth. Increasing demand for polyvinyl butyral products in developing countries including China, India, and others is factor projected to drive the global market growth.

Growing demand for polyvinyl butyral from defense sector is another key factor expected to fuel global market growth. However, high recycling activities of the polyvinyl butyral in developed countries is a factor expected to restraint growth of the global market.

Segment Insights

Among the application segments, the lamination segment is expected to witness major revenue share in the global polyvinyl butyral market, owing to growing demand for the laminating glass in construction and automobiles industries the developing regions. The lamination segment revenue is anticipated to record fastest CAGR over the next few years.

Among the end-user segments, building & construction segment is projected to witness highest revenue share in the global polyvinyl butyral market, owing to increasing demand for these products for acoustic protection and lamination applications. In the construction industry, there is a rising need for polyvinyl butyral resins in binders and coatings, which is further expected to boost the global polyvinyl butyral market over the years to come. The building & construction segment revenue is projected to register fastest growth rate over the next 10 years.

Region Insights

The Asia Pacific polyvinyl butyral market is expected to record major revenue share in the global polyvinyl butyral market, owing to rising demand of polyvinyl butyral from the building and construction and defense industries. The Asia Pacific market is projected to record highest revenue growth. This is attributed to rising demand from automotive and transportation industry in countries in region.

Global polyvinyl butyral market segmentation:

Segmentation by Application:

• Acoustic Protection
• Lamination
• Binders
• Paints & Coatings
• Architectural Glazing

Segmentation by End-User:

• Building and Construction
• Automotive and Transportation
• Defense

Segmentation by Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa