Market Scope
The global Polyvinyl Butyral Market Share is projected to reach over USD 3.82 billion in terms of value by 2030, growing with the CAGR of 5.8% during the forecast period.
Drivers and Restrains Impacting Polyvinyl Butyral Market Share
The spreading awarness about benefits of polyvinyl butyral resin, such as; good elasticity, excellent binding efficiency, flexibility, adhesion, and toughness, can contribute to the growth of the Polyvinyl Butyral Market Share. The availability of a range of polyvinyl butyral resin for both industrial and commercial sectors can support the upsurge of the Polyvinyl Butyral Market Share in the years to come. The increasing application of polyvinyl butyral as films for lamination, printing ink, adhesive, coatings premiers, and binders for ceramics and metal powders, thus creating the rise in demand for polyvinyl butyral that boost manufacturers to increase their production capacities can favor the Polyvinyl Butyral Market Share in the year to come. Several companies are, such as; Suzhou in China, are taking initiatives to serve the need for global customer across several region, which, in turn, can promote the upsurge of the market. The increase in automotive windshield application of polyvinyl butyral can favor the market.
Polyvinyl butyral (PVB) finds significant utility in laminated safety glass for the production of automotive windshields. Shift in consumer trends from personal vehicle ownership to shared mobility services has curbed sales of automotive vehicles. Though, the surge in global middle-class consumers and the positive economic outlook have contributed to the increase in worldwide automotive sales, which, in turn, is expected to cast positive impact on the market in the years to come. These trends are likely to drive the application of polyvinyl butyral in the production of automotive windshield over the forecast period. In the construction sector, polyvinyl butyral is deployed as security glass and laminated safety. The expansion of infrastructure and construction activities along the globe can promote the Polyvinyl Butyral Market Share in the forecast term.
Segment Assessment of Polyvinyl Butyral Market Share
The segment study of the global Polyvinyl Butyral Market Share is studied on the basis of application and end use industry.
The application-based segments of the Polyvinyl Butyral Market Share are glass lamination, composite fiber binder, ceramic binder, and wash primer among others. The segment of wash primer is expected to garner decent profit owing to the increasing traction for such products.
The end use industry-based segments of the Polyvinyl Butyral Market Share are solar energy, automobile, and paint and coatings among others. The segment of solar energy can garner high revenue by end of the assessment period due to the increasing in the number of installments of solar panels to meet growing demand for clean energy.
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Regional Analysis of Polyvinyl Butyral Market Share
Asia Pacific is predicted to be the largest PVB Market, followed by Europe and North America, owing due to the robust existence of several ongoing construction projects in the region. In Europe; Spain, Germany, and Russia, are expected to register a rapid growth pace on account of high demand for PVB in the manufacturing of laminated safety glass. In the Asia Pacific region, regions, such as; South Korea, and India, are identified as the fastest growing market for PVB and are likely to rise at the same pace during the forecast period. Improvement in living standards along with the fast-paced expansion of solar energy is predicted to contribute to rise of the regional market. In North America; Mexico and the U.S. are among the top contributors to the market growth due to the growth of architectural glass manufacturers and increasing innovations. In Latin America region; Mexico is anticipated to register a decent growth rate due to the presence of well-established automobile manufacturers.
Key Players of Polyvinyl Butyral Market Share
Some well-established companies operating in the worldwide Polyvinyl Butyral Market Share are E. I. du Pont de Nemours and Company (U.S.), Huakai (China), Kuraray Co., Ltd. (Japan), Chang Chun Petrochemicals Co., Ltd. (Taiwan), Eastman Chemical Company (U.S.), Everlam (Belgium), Kingboard (Fo Gang) Specialty Resins Limited (China), Guangzhou Aojisi New Materials Co., Ltd. (China), Dulite PVB Film (Taiwan), Tiantai Kanglai Industrial Co., Ltd. (China), Qingdao Haocheng Industrial Company Limited (China), Anhui Wanwei Group Co., Ltd. (China), Zhejiang Pulijin Plastic Co., Ltd. (China), Huzhou Xinfu New Materials Co., Ltd. (China), and Hunan Xiangwei Co., Ltd. (China) among others.
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