Polyvinyl Butyral (PVB) Films Market Sales Analysis Report By 2028


3rd May 2019 - Global polyvinyl butyral (PVB) films market is projected to grow considerably in the coming years due to increasing industrialization and urbanization. Polyvinyl butyral (PVB) is a colorless, amorphous thermoplastic acquired by reaction of butyraldehyde and polyvinyl alcohol. Polyvinyl butyral (PVB) films are used in laminated safety glass to shield automotive. These are also used in security glass and photovoltaic industry to enhance durability of solar modules.

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The factors influencing the growth of polyvinyl butyral (PVB) films market comprise increase in demand from industries like building and construction and automotive due to product features like chemical stability, flexibility, toughness, and strong binding among others. Moreover, the market is also expected to be driven by the growing applications in electrical and electronics industry in the forecast period and availability of PVB in different shapes and sizes. Conversely, fluctuating prices of raw materials like butyraldehyde and polyvinyl alcohol and government regulations for reducing the use of harmful organic chemicals are expected to hamper the growth of the market.

High demand for energy on the global scale is the trend in the market. Increasing need for introducing efficient products to withstand the changing climatic conditions is an opportunity for the market players. Polyvinyl butyral (PVB) films market is categorized on the basis of type, application, and geography. On the basis of type, market is divided into high performance film, standard film and others.

Based on application, market is bifurcated into architectural, automotive, photovoltaic glass, and others. Photovoltaic glass segment is expected to lead the market due to rising use of polyvinyl butyral (PVB) films in photovoltaic modules.

Geographically, market is segmented as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America is also expected to hold larger share of the market owing to humongous growth of automobile industry. Asia Pacific and Latin America are also expected to dominate the polyvinyl butyral (PVB) films industry due to rise in demand from building and construction sector.

The prominent players in polyvinyl butyral (PVB) films market comprise EVERLAM, DuPont, ChangChun Group, Kingboard Chemical Holdings, Eastman Chemical, Kuraray, Huakai Plastic, Tangshan Jichang New Material, Zhejiang Decent Plastic, Sekisui, and Rehone Plastic.

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