PVB Interlayers Market

PVB Interlayers Market Size (2022-2027):

PVB Interlayers Market size is estimated to expand from USD 5.1 billion in 2022 to USD 6.8 billion by 2028, at a compound annual growth rate of 9.3% over the calculated period.

Polyvinyl butyral (PVB) interlayers are a kind of thin protective layer that can include two glass panels. These interlayers are made from PVB resin, which has properties, like optical clarity, strong bond, toughness, flexibility, and the process of adhering to various surfaces. Interlayer glasses also called laminated glass can be used in automobile, building & construction, and photovoltaic industries for several applications, such as protection from projectiles, acoustic insulation reducing the intensity of sound with respect to a specified source and receptor, UV insulation, and safety & security. The global PVB interlayers market is likely to be important by the rising demand for electronic vehicles during the forecast period and mandatory safety glass regulations. The growing demand for solar energy will increase the growth of the photovoltaic industry, supporting the PVB interlayer business.

PVB interlayers are utilized in components like backlights, and windshields. Polyvinyl butyral (PVB) interlayers offer considerable safety features, which makes them used in the automotive industry. Polyvinyl butyral interlayers are also employed in the making of bulletproof glass, staircases, shower rooms, glass sliding doors, fences, glass partitions, tabletops, and glass facades.

Drivers & Restraints in the PVB Interlayers Market:

The demand for the polyvinyl butyral interlayers market is growing with the increasing end-use applications and to a great extent from photovoltaic production. Additionally, the polyvinyl butyral interlayers cover a large area of the photovoltaic modules as well as in the automotive industry, which is also a positive growth factor. The increased call for these polyvinyl butyral interlayers in energy and electricity has reflected positively in the surge of global business. On the other hand, the interlayers can be easily replaced by the substitutes like ionoplast interlayers and polyvinyl butyral structured interlayers, which is posing as a challenge to this market growth. The interlayers have lower strength, which is also estimated during the outlook period to pose a hindrance to market growth in the coming years.

Nonetheless, the market growth is likely to rise in the coming years with the increasing production of vehicles along with the growing construction and photovoltaic industry.  The Asia Pacific is the largest market of PVB interlayers that are supposed to open growth avenues for business development in the coming years.

PVB INTERLAYERS MARKET REPORT COVERAGE:
 

PVB Interlayers Market segmentation as per the research report until 2028.

PVB Interlayers Market - By End-use:

• Automotive
• Construction
• Photovoltaic

On the basis of the end-user industry, the advantages of plastic materials encapsulating in the photovoltaic modules and demand for polyvinyl butyral interlayers in the photovoltaic industry is foreseen to progress over the anticipated period. Owing to the growing focus on capable of being renewable sources for energy generation, the consumption of polyvinyl butyral interlayers in this end-use industry segment is estimated to grow during the assessment period.

PVB Interlayers Market - By Type:

• Standard
• Structural

On the basis of type, Standard polyvinyl butyra interlayers are used in more than seventy percent of laminated glass applications. The major function of these interlayers is to increase the safety and being free from danger or threat performance and to improve the acoustic and ultraviolet protection performance of the glass. These interlayers are used in traditional four sides supported glass and one – three side and extremely small extent-supported glass in windows, façade systems, floors, and balustrades.

PVB Interlayers Market – By Region:

• North America 
• Europe 
• Asia Pacific 
• Latin America 
• Middle east and Africa 

The Asia Pacific is estimated during the forecast period to dominate the global PVB interlayers market. The region has become prominent as the largest consumer for PVB interlayers, owing to the end-use type of growth in the production of electric vehicles, building & construction, and solar photovoltaic installations in China, India, Japan, and South Korea.

PVB Interlayers Market – Competition in the Marketplace:

PVB Interlayers Market focuses on leading industry players with company profiles, components, and services offered, the finances of an organization, and the key developments in the past 5 years.

PVB Interlayers Market key players listed in the report are:

1. Eastman Chemical Company (US)

2. Kuraray (Germany)

3. Sekisui Chemicals (Japan)

4. Everlam (Belgium)

5. Genau Manufacturing Company (India)

6. KB PVB (China)

7. Chang Chun Group (China)

8. DuLite (China)

9. Huakai Plastic (China)

10. Willing Lamiglass Materials (China)

11. Jiangsu Darui Hengte Technology (China)

12. Tiantai Kanglai Industrial (China)