Polyvinyl Butyral (PVB) Market was valued at $3.76 billion in 2022 at a CAGR of 6.24% in terms of value and is expected to reach $5.33 billion by 2028 in the forecast period 2023-2028
Polyvinyl butyral (or PVB) is a resin that is commonly used in applications requiring strong binding, optical clarity, adhesion to a wide range of surfaces, toughness, and flexibility. It is made by reacting polyvinyl alcohol with butyraldehyde. The primary use is laminated safety glass for car windshields. PVB films are marketed under the brand names KB PVB, Saflex, GlasNovations, Butacite, WIN LITE, S-Lec, Trosifol, and EVERLAM. PVB, which is tougher and more heat resistant than polylactic acid, is also available as a 3D printer filament (PLA). Cart & Walker (South Africa) and BouLing Chemical Co., Ltd. (China) supply these raw materials to major polyvinyl butyral manufacturers such as Eastman Chemical Company (U.S.), Kuraray Co., Ltd. (Japan), Sekisui Chemical Co., Ltd. (Japan), Huakai Plastic (Chongqing) Co. Ltd. (China), Chang Chun Petrochemicals Co. Ltd. (China), Kingboard Chemical Holding (China).
PVB properties such as solvent solubility and compatibility with binders and plasticizers are affected by the degree of acetalization and polymerization. The quantity of butyral groups in the polymer typically increases the water resistance of PVB films. PVB can be cross-linked as well. The quantity of residual OH groups in the polymer that may undergo condensation reactions with phenolic, epoxy, and melamine resins, as well as isocyanates, determines its cross-linking ability. These chemical changes result in high-quality solvent-resistant PVB coatings and films.
PVB films and sheets are expected to have a high increase in demand in the next few years due to their use in solar energy, ground transportation, and building and construction. Furthermore, the rising demand for photovoltaic modules in China and Japan is likely to boost product consumption in the solar energy segments.
The growing urbanization rate all over the world has accelerated the expansion of the building and construction sectors. This, as well as the materials related to the building and construction market, is the primary driving factor for the global polyvinyl butyral (PVB) market. The increase in the use of laminated safety glass is expected to positively influence the PVB market growth all over the developed and developing regions. Also, the increase in demand in the automotive sector is driving the polyvinyl butyral (PVB) market. Over the forecast period, the increasing use of polyvinyl butyral films and sheets in different end-use industries is likely to fuel development in the worldwide polyvinyl butyral films and sheets market. One of the main uses for these is in window coverings, as they conserve energy and help to reduce noise in the home.
Alternative options, such as glass products and EVA films, are expected to limit the growth of the Global Polyvinyl Butyral (PVB) Market. Butyraldehyde and polyvinyl alcohol, which are generated from carbon compounds and petroleum, are the primary raw ingredients utilized in the production of PVB. The volatile nature of these basic resources, as well as their expensive cost, restrains market expansion. PVB has long been the standard material for laminating glass in the building and transportation industries, but EVA has gained traction in recent years due to qualities that, in certain situations, are better than PVB. This is also restraining the market for Polyvinyl Butyral (PVB). The increase in the price of polyvinyl butyral (PVB) and the price fluctuation of the raw materials, including polyvinyl alcohol and butyraldehyde, is estimated to have a negative impact on the market's growth.
REPORT METRIC |
DETAILS |
Market Size Available |
2022-2028 |
Base Year |
2022 |
Forecast Period |
2023-2028 |
CAGR |
6.24% |
Segments Covered |
|
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
Regions Covered |
|
Market Leaders Profiled |
Huakai Plastic (Chongqing) Co. Ltd. (China), Everlam (Belgium), DuLite PVB Film (Taiwan), Tiantai Kanglai Industrial Co., Ltd. (China), Anhui Wanwei Group Co., Ltd. (China), Eastman Chemical Company (U.S.), Kuraray Co., Ltd. (Japan), Sekisui Chemical Co., Ltd. (Japan), Chang Chun Petrochemicals (China), Kingboard Chemical Holdings Ltd. (China). |
Adhesives Films
Paints and Coatings
Printing Inks and Lacquers
Others
Automotive
Construction
Power Generation
Other End-user Industries
The growing demand for automotive applications requires high binding strength, optical clarity, adherence to a variety of surfaces, durability, and flexibility. PVB films have great tensile strength, impact resistance, transparency, and flexibility, making them suitable for the manufacture of safety glass.
North America
Europe
Asia-Pacific
Latin America
Middle East and Africa
Due to increased construction activities in China, India, Japan, and Singapore, as well as ongoing investments in the area to enhance solar energy production operations, Asia-Pacific is likely to dominate the worldwide market.
Due to the rise of the automotive and construction sectors in rising nations such as China and India, Asia-Pacific is likely to have a prominent position in the worldwide polyvinyl butyral films and sheets market throughout the forecast period. Furthermore, demand for PVB sheets and films are likely to rise as the region's ground transportation industry expands. The markets in North America and Europe are predicted to develop steadily as the economy recovers from its slump.
Eastman Chemical Company stated in March 2021 that it had invested in modernizing and extending its extrusion capabilities at its Springfield, Massachusetts, manufacturing site to develop interlayer product lines. Eastman's supply capabilities will be strengthened as a result of the investment, allowing it to meet regional and worldwide demand for Saflex polyvinyl butyral (PVB) products in the automotive and architectural sectors.
Eastman launched the Saflex Solar Connect polyvinyl butyral (PVB) interlayer in September 2020, a unique new interlayer for vehicle laminated glass that blends heads-up display (HUD) with acoustic and solar capabilities.
Huakai Plastic (Chongqing) Co. Ltd. (China)
Everlam (Belgium)
DuLite PVB Film (Taiwan)
Tiantai Kanglai Industrial Co., Ltd. (China)
Anhui Wanwei Group Co., Ltd. (China)
Eastman Chemical Company (U.S.)
Kuraray Co., Ltd. (Japan)
Sekisui Chemical Co., Ltd. (Japan)
Chang Chun Petrochemicals (China)
Kingboard Chemical Holdings Ltd. (China)
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