Regardless of a company’s size or income, the most recent research report from Quadintel offers a thorough analysis of the global Polyvinyl Butyral (PVB) Market for the years 2023–2030.
The global market report provides statistics and information on the evolution of the investment structure, technological advancements, industry trends and developments, market players’ capabilities, and in-depth details on the major market players. The analysis also includes a summary of the global market strategies that have been implemented in light of the industry’s present and future conditions.
An overview of the Polyvinyl Butyral (PVB) Market, the current state of the industry, market trends, significant market participants, product type, application, and geography are provided at the beginning of the study. It also covers how COVID-19 has affected market participants, end-user industries, future predictions, growth potential, and worldwide market trends.
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Market Overview:
Global Polyvinyl Butyral (PVB) Market is valued at approximately USD $$ billion in 2021 and is anticipated to grow with a healthy growth rate of more than $% over the forecast period 2022-2030.
Polyvinyl butyral is a type of resin that is used for optical clarity, strong binding, adhesion to various surfaces, flexibility, and toughness. Polyvinyl butyral is formed from polyvinyl alcohol by reaction with butyraldehyde. The rising application of Polyvinyl Butyral (PVB) in various end-use industries, flourishing growth of the construction industry, and increase in demand for PVB films for window and sunroof applications in the automotive industry are the primary factors that are propelling the global market demand.
According to the report of Statista, in 2017, the construction industry spending stood at USD10.9 trillion, which is projected to grow and is likely to reach USD 12.5 trillion by the year 2030. Therefore, the development of the construction industry is fueling the demand for polyvinyl butyral, which, in turn, accelerates market growth around the world. In addition, surging demand from the photovoltaics industry, as well as the rising emphasis on improving the efficiency of thin films and introducing manufacturing techniques are the factors that act as catalyzing factors for market growth in the forthcoming years. However, the high recycling activities of PVB and imposition of stringent environmental regulations stifle market growth throughout the forecast period of 2022-2029.
The key regions considered for the GlobalPolyvinyl Butyral (PVB) Marketstudy include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the space in terms of revenue, owing to the growth of the electronics & electricals industry, as well as increasing investment in R&D activities. Whereas, Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as growth of the emerging economies, geographic expansion of key players, and active participation of government and nonprofit organizations in the market space.
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Major market players included in this report are:
- Kuraray Co. Ltd.
- Eastman Chemical Company
- Sekisui Chemical Co. Ltd.
- Hubergroup
- Chan Chun Group
- Anhui WanWei Bisheng New Material Co., Ltd.
- Kingboard (fo gang) Specialty Resins
- Qingdao Jinuo New Materials Co.
- Huakai Plastic
- Tridev Resin Pvt. Ltd.
Recent Developments in the Market:
In 2021, Eastman Chemical Company proclaimed that the company invested in upgrading its interlayer film extrusion line across Massachusetts, US, and enhancing the production capacity of the interlayer film business. The objective of this investment is to expand Eastman’s supply capacity and fulfill the demand for Saflex polyvinyl butyral (PVB) interlayer film products.
In 2019, Kuraray Co. Ltd., declared the introduction of a new SentryGlas production line to meet the increasing demand in the commercial and residential building laminated safety glass market. Also, in 2021, the company announced to upgrade the production line of Holesov and allow the production of wider films.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
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The detailed segments and sub-segment of the market are explained below:
By Application:
Film & sheets
Paints & Coatings
Adhesives
Others
By End-use Industry:
Automotive
Construction
Electronics & Electricals
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
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Report Include:
- Market Behavior/ Level of Risk and Opportunity
- End Industry Behavior/ Opportunity Assessment
- Expected Industry Recovery Timeline
Key Market Features in Global Market: The report assessed key market features, including revenue, capacity, price, capacity utilization rate, production rate, gross, production, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. The study also offers a thorough analysis of the most important market factors and their most recent developments, as well as pertinent market segments and sub-segments.
In this report, the following important queries are addressed:
- What is the Global market’s sales value, production value, consumption value, import, and export (including North America, Europe, Asia-Pacific, South America, Middle East, and Africa)?
- Who are the major manufacturers in this sector on a global scale? How are their capacity, production, sales, pricing, cost, gross, and revenue operating?
- What are the vendors’ market prospects and risks in the international industry?
- Which product types, end users, or applications might be looking for additional growth prospects? What is each type’s and application’s market share?
- What specific strategies and limitations are keeping the market in check?
- What is the various marketing, sales, and distribution channels in the international market?
- What are the upstream raw materials, as well as the manufacturing machinery?
- What are the market opportunities, market risk, and market overview of this industry?
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