Polyvinyl Butyral Market Technology, Applications, Growth and Region Forecast 2025

Market Overview:

Polyvinyl Butyral compounds find its application in making resins. They provide strong adhesion to several substrates, optical clarity, flexibility coupled with toughness. These properties are widely applied in solar energy, paint & coatings industry, and in automobile industry. Besides, PVB is extensively used in laminating glasses.

The requirement for fast and realistic solutions to address climate change is urging worldwide demand for energy, forcing consumers, businesses and governments to consider holistic options that can prevent harmful impact on the environment. This is driving the demand for solar energy which in turn is boosting the PVB consumption rate in installing solar panels. Increased usage of laminated glass in automobiles and increased expenditure on research activities also fuels the Polyvinyl Butyral compounds market.

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Additionally, demand for PVB is expected to witness a substantial growth over the forecast period owing to the burgeoning coatings & paints industry. The steel production process across the world is likely to be a key driver for the PVB Market. PVB has been characterized with its anti-corrosive properties and hence, acts as an effective primer. Surging disposable income coupled with rapid urbanization in developing countries can be projected to stimulate the growth of the PVB Market over 2017-2023. However, stringent regulations by several administrative bodies has limited the use of toxic organic chemicals in the production of Polyvinyl Butyral. This factor acts as an impediment for the PVB Market.

Key Players:

The Key Players dominating the Global Polyvinyl Butyral Market include E. I. du Pont de Nemours and Company (U.S.), Kuraray Co., Ltd. (Japan), Huakai (China), Eastman Chemical Company (U.S.), Kingboard (Fo Gang) Specialty Resins Limited (China), Chang Chun Petrochemicals Co., Ltd. (Taiwan), Dulite PVB Film (Taiwan), Everlam (Belgium), Guangzhou Aojisi New Materials Co., Ltd. (China), Tiantai Kanglai Industrial Co., Ltd. (China), Qingdao Haocheng Industrial Company Limited (China), Anhui Wanwei Group Co., Ltd. (China), Zhejiang Pulijin Plastic Co., Ltd. (China), Hunan Xiangwei Co., Ltd. (China), and Huzhou Xinfu New Materials Co., Ltd. (China).

Market Segmentation:

The Worldwide Polyvinyl Butyral Market has been segmented based on End Use Industry, Application and Region.

Based on End Use Industry, Global Polyvinyl Butyral Market is segmented into solar energy, automobile, paint & coatings, and others.

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Based on Application, the market is segmented into ceramic binder, glass lamination, wash primer, composite fiber binder, and others.

Regional Analysis:

The Worldwide Polyvinyl Butyral Market has been segmented into Europe, Asia Pacific, Latin America, North America, and the Middle East & Africa.

Asia Pacific market is likely to attain the highest CAGR over the forecast period 2017-2023, on account of developing industries. Demand for PVB is expected to proliferate in several nations of the Middle East & Africa such as the United Arab Emirates, Iraq, Iran, Kuwait, and Saudi Arabia. The demand is owing to the rising consumption rate in the construction sector. Besides, the global shift in economic power has positioned the Middle East as the center of world’s rapidly developing markets. Dubai has leveraged the position to present itself as a worldwide center for tourism, logistics, and aviation, which is expected to augment the application of PVB as an anti-corrosive primer for steel made products.

Polyvinyl Butyral Market has a strong presence in the North America. The growth is pertaining to the increase in production facilities, surging economic growth rate, and high consumption potential. In 2016, the U.S registered a soaring CAGR on account of rapidly expanding glass production for architectural purposes.

In Europe, the demand for PVB witnessed upsurge in regions like Germany, Italy, the U.K, Spain, Russia, and France. The demand is owing to increased outlay in innovation and rising purchasing power of the population. Furthermore, the presence of key automobile manufacturers in Germany is likely to propel the Polyvinyl Butyral Market.

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Polyvinyl Butyral Market 2019 Analysis, Research, Share, Growth, Sales, Trends, Supply, Forecast to 2023

Segmentation:

The Global Polyvinyl Butyral Market is categorized on the basis of Application, End Use Industry, and Region.

On the basis of the Application, the market is bifurcated into glass lamination, ceramic binder, composite fiber binder, wash primer, and others.

On the basis of the End Use Industry, the Polyvinyl Butyral Market is categorized into the automobile, solar energy, paint & coatings, and others.

On the basis of the Region, the market is categorized into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.

Key Players:

Some of the prominent players operating in the Global Polyvinyl Butyral Market are Kuraray Co., Ltd. (Japan), E. I. du Pont de Nemours and Company (U.S.), Eastman Chemical Company (U.S.), Huakai (China), Chang Chun Petrochemicals Co., Ltd. (Taiwan), Kingboard (Fo Gang) Specialty Resins Limited (China), Everlam (Belgium), Dulite PVB Film (Taiwan), Tiantai Kanglai Industrial Co., Ltd. (China), Guangzhou Aojisi New Materials Co., Ltd. (China), Anhui Wanwei Group Co., Ltd. (China), Qingdao Haocheng Industrial Company Limited (China), Huzhou Xinfu New Materials Co., Ltd. (China), Zhejiang Pulijin Plastic Co., Ltd. (China), and Hunan Xiangwei Co., Ltd. (China) among others.

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Regional Analysis:

The Global Polyvinyl Butyral (PVB) Market consists of five regions: Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa. Among these, Asia Pacific is predicted to grow at the highest CAGR during the review period, 2017-2023 on account of expanding industries. The demand for PVB is predicted to surge in numerous countries of the Middle East & Africa such as Iraq, the United Arab Emirates, Saudi Arabia, Iran, and Kuwait due to high consumption rate in the construction industry. Moreover, the shift in global economic power has placed the Middle East at the center of many of the world’s fastest-growing markets. Dubai, in particular, has leveraged that position to turn itself into a global hub for aviation, tourism, and logistics, which is expected to increase the consumption of PVB to use as an anti-corrosive primer for the steel.

North American Polyvinyl Butyral Market is predicted to witness a tremendous growth on account of high consumption potential, increasing production capacities, and rising economic growth rate. As of 2016, the U.S accounts for one of the largest global markets and it is estimated to grow at a moderate CAGR on account of growing production of glass for architectural purposes. In Europe, the demand for PVB is predicted to grow in various countries such as Italy, Germany, Spain, the U.K, France, and Russia due to increased expenditure in innovation and growing purchasing power of consumers. Moreover, the presence of major automobile manufacturers, specifically, in Germany is expected to give momentum to the market growth. Latin American countries such as Argentina, Colombia, and Brazil are also predicted to witness a substantial growth owing to increasing consumer spending on passenger cars as well as the involvement of new technologies and inventions in Polyvinyl Butyral. Asia Pacific PVB market is predicted to grow at a moderate CAGR due to developing crude oil processing and expanding petroleum refineries in India and China. Moreover, continuous growth of solar energy production capacities in various economies of Asia Pacific such as China, India, Malaysia, Thailand, and Japan is expected to raise the demand for laminated solar glass panels, which, in turn, is predicted to fuel the demand for PVB over the forecast period.

Synopsis of Polyvinyl Butyral Market:

Polyvinyl Butyral (PVB) compounds are used to make resins. They offer excellent binding efficiency, optical clarity, strong adhesion to a large number of substrates, and toughness combined with flexibility. These properties have major applications in automobile, solar energy, and paint & coatings end-use industries. Additionally, the most important and widely used application of PVB is to laminate glass purposes.

As per our Analysis, some of the prominent market factors and trends identified in the Global PVB Market. Foremost factor is that increasing global demand for energy and the need for more realistic and immediate action to address climate change is forcing governments, business and consumers to consider more holistic solutions that can reduce environmental impact is encouraging solar energy. This is directly impacting the PVB consumption rate in installing solar panels. Rising demand for laminated glass in automobiles, and increasing expenditure on research activities. Moreover, demand for PVB is predicted to witness a significant growth over the assessment period due to surging paint & coatings industry. Rising steel production across the globe is anticipated to be an important driver for the PVB consumption as an anti-corrosive primer during the review period. Increasing automobile production and sales along with rising consumption of PVB in windshield glass lamination is estimated to fuel the growth of the market. Furthermore, rapid urbanization coupled with increasing disposable income in emerging economies is predicted to propel the growth of the market during the assessment period 2017-2023. However, implementation of strict regulations by various government bodies has restricted the use of toxic organic chemicals in the production of Polyvinyl Butyral, which is expected to hamper the growth of the market.

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Polyvinyl Butyral Market 2019 | Trends, Top Manufactures, Market Dynamics, Industry Growth Analysis & Forecast 2023

Synopsis of Polyvinyl Butyral Market:

Polyvinyl Butyral (PVB) compounds are used to make resins. They offer excellent binding efficiency, optical clarity, strong adhesion to a large number of substrates, and toughness combined with flexibility. These properties have major applications in automobile, solar energy, and paint & coatings end-use industries. Additionally, the most important and widely used application of PVB is to laminate glass purposes.

As per our Analysis, some of the prominent market factors and trends identified in the Global PVB Market. Foremost factor is that increasing global demand for energy and the need for more realistic and immediate action to address climate change is forcing governments, business and consumers to consider more holistic solutions that can reduce environmental impact is encouraging solar energy. This is directly impacting the PVB consumption rate in installing solar panels. Rising demand for laminated glass in automobiles, and increasing expenditure on research activities. Moreover, demand for PVB is predicted to witness a significant growth over the assessment period due to surging paint & coatings industry. Rising steel production across the globe is anticipated to be an important driver for the PVB consumption as an anti-corrosive primer during the review period. Increasing automobile production and sales along with rising consumption of PVB in windshield glass lamination is estimated to fuel the growth of the market. Furthermore, rapid urbanization coupled with increasing disposable income in emerging economies is predicted to propel the growth of the market during the assessment period 2017-2023. However, implementation of strict regulations by various government bodies has restricted the use of toxic organic chemicals in the production of Polyvinyl Butyral, which is expected to hamper the growth of the market.

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Segmentation:

The Global Polyvinyl Butyral Market is categorized on the basis of Application, End Use Industry, and Region. On the basis of the Application, the market is bifurcated into glass lamination, ceramic binder, composite fiber binder, wash primer, and others. On the basis of the End Use Industry, the Polyvinyl Butyral Market is categorized into the automobile, solar energy, paint & coatings, and others. On the basis of the Region, the market is categorized into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.

Key Players:

Some of the prominent players operating in the Global Polyvinyl Butyral Market are Kuraray Co., Ltd. (Japan), E. I. du Pont de Nemours and Company (U.S.), Eastman Chemical Company (U.S.), Huakai (China), Chang Chun Petrochemicals Co., Ltd. (Taiwan), Kingboard (Fo Gang) Specialty Resins Limited (China), Everlam (Belgium), Dulite PVB Film (Taiwan), Tiantai Kanglai Industrial Co., Ltd. (China), Guangzhou Aojisi New Materials Co., Ltd. (China), Anhui Wanwei Group Co., Ltd. (China), Qingdao Haocheng Industrial Company Limited (China), Huzhou Xinfu New Materials Co., Ltd. (China), Zhejiang Pulijin Plastic Co., Ltd. (China), and Hunan Xiangwei Co., Ltd. (China) among others.

Detailed Regional Analysis:

The Polyvinyl Butyral Market comprises of the five regions of Europe, Latin America, Asia Pacific, North America, and the Middle East & Africa. Among these regions, the Asia Pacific region is projected to develop at a maximum CAGR through the review period due to growing industries. The demand for PVB is anticipated to grow in several countries of the Middle East & Africa owing to the escalated consumption rate in the construction industry. Furthermore, the shift in economic power globally has positioned the Middle East at the center of several of the world’s fastest-growing markets. Dubai, in particular, has leveraged that position to reinvent itself into a global hub for aviation, tourism, and logistics, which is expected to raise the consumption of PVB to use as an anti-corrosive primer for the steel. The North American region is predicted to witness an excellent growth rate on account of high consumption potential, growing production capacities, and increasing economic growth rate. In Europe, the demand for PVB is forecasted to develop in some countries such as Germany, Italy, Spain, France, the U.K, and Russia owing to an increased spending in innovation and rising purchasing power of consumers. Moreover, the existence of major automobile manufacturers, specifically, in Germany is anticipated to give an added impetus to the market’s growth. Latin American countries such as Argentina, Colombia, and Brazil are expected to observe considerable growth due to escalating consumer spending on passenger cars as well as the incorporation of new technologies and inventions in Polyvinyl Butyral. The Asia Pacific PVB market is anticipated to grow at a reasonable CAGR due to the emerging crude oil processing and expanding petroleum refineries in China and India. Furthermore, continual development of solar energy production capacities in several economies of the Asia Pacific such as India, Malaysia, China, Thailand, and Japan are estimated to increase the demand for laminated solar glass panels, which, in turn, is projected to drive the demand for PVB over the forecast period.

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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