Global Polyvinyl Butyral (PVB) Market was valued at US $ 2.81 billion in 2020, estimated at US $ 4.50 billion in 2027 with a CAGR of 6.06% from 2021 to 2027.
Global Polyvinyl Butyral (PVB) Market industry research report 2021-2027 presents precise information and comprehensive analysis of the market size, market share, recent trends, industry growth , manufacturers, distributors and resellers. The report also includes a discussion of the impact and recovery of the Covid-19 pandemic, opportunities and strategies to drive growth.
The Polyvinyl Butyral (PVB) Market industry report 2021-2027 offers facts and figures regarding the market size, revenue forecast, and the geographical landscape of the Polyvinyl Butyral (PVB) market. The Polyvinyl Butyral (PVB) Market industry research report provides an in-depth analysis of the factors influencing the global scope of business. The Polyvinyl Butyral (PVB) market research report shows the recent developments, the analysis of the current situation, and the breakdown of the products and services. The report offers key statistics on the market status, size, share, growth factors of the Polyvinyl Butyral (PVB) Market. The report includes key players’ data such as revenue, sales, competitive landscape, and global market share for major manufacturers.
Polyvinyl butyral (PVB) is defined as a glass interlayer used in various end-use industries due to its different chemical properties. These films and sheets offer special characteristics including impact resistance, transparency, elasticity and high tensile strength. These properties make sheets and films suitable for the production of safety glass.
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Market Drivers: Growing Application of PVB in Laminated Glass Market Will Drive Market Growth
PVB has found its application for its short term growth in the laminated glass market. PVB is used as a resin for applications that require bonding, optical clarity, adhesion to glass surfaces, toughness and flexibility. The main application of polyvinyl butyral is as an interlayer in laminated safety glass for architectural purposes and automotive windshields. PVB laminated glass is manufactured by combining two or more annealed or heat treated glass sheets bonded with one or more PVB interleaves and subjected to heat and pressure, in order to ensure a perfect adhesion between the constituent elements.
Recently, the demand for using PVB as an interlayer in sandwich laminated glass has increased dramatically, due to its use for safety and security purposes in automobile windshields. PVB prevents glass shattering in an accident, thus preventing bodily injury from sharp shards of glass. PVB laminated glass also offers good impact resistance, sound insulation and UV resistance. In addition, the UV protection function of PVB laminated glass prevents fading of interiors.
Market challenges: high production costs could limit market growth
PVB, compared to its substitutes such as ethylene vinyl acetate (EVA), has high manufacturing and processing costs. The original PVB material has for many years been the benchmark material for laminated glass in the building and transportation industries, but EVA has gained traction in recent years due to its properties which in some cases , are better than PVB. The processing of PVB film requires a special temperature-controlled chamber, and the glass then has to be processed in an autoclave, which in turn requires an expensive and large machine suitable for companies with large volumes. On the other hand, EVA laminated glass can be produced in convection or infrared laminating furnaces, these furnaces are small and accessible to small and medium enterprises. In addition, the current COVID-19 pandemic has proven to be an obstacle to market growth due to the shutdown of major areas of PVB application such as construction and automotive industries.
Market Opportunities: Growing demand in the PV industry will be a growth prospect for the market
PVB is gaining momentum in the manufacture of thin-film photovoltaic solar modules. The PV circuit is formed on a sheet of glass using thin film deposition and modeling techniques. Two layers, which are a layer of PVB and a second layer of glass (called back glass) are then placed directly on the circuit. This stratification encapsulates the circuit and protects it from environmental conditions. PVB backsheet offers a range of properties as it has good impact properties and is considered a cheaper alternative to tedlar-based backsheets. In addition, the optical properties of PVB are better than that of EVA, the adhesion of PVB to the photovoltaic cell is also better than that of EVA. The photovoltaic industry attracts market investment in order to meet the growing demand for clean and sustainable energy, the increase in the photovoltaic industry market is expected to be a promising growth prospect for the PVB market during the period of ‘to analyse.
- The global polyvinyl butyral (PVB) market is consolidated due to the presence of a large number of international players across the globe. Due to the partially consolidated nature of the market, competition among global players is high.
- Market players adopt a variety of strategies, including product development, strategic collaborations, and mergers and acquisitions, among others. The Competition Landscape Analysis figure shows the scenario of competition in the market.
- The global polyvinyl butyral (PVB) market is analyzed on the basis of parameters such as: mergers and acquisitions, new product launch, collaboration, product approval, new facility development, project completion, research and development.
Some key operational players are discussed in this report such as
- Du Pont,
- Chang Chun Group,
- PVB FILM DuLite,
- Eastman Chemical Company,
- EVERLAM SA,
- Genau Manufacturing Company LLP (GMC LLP),
- Huakai Plastic (Chongqing) Co., Ltd.,
- KB PVB,
- KURARAY CO., LTD.,
- SEKISUI CHEMICAL CO., LTD, etc..
- Paints and coatings
- Movies and shits
By type of end use
- Energy production
- North America
- Latin America
- Asia Pacific
- Middle East and Africa
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