Global Polyvinyl Butyral Films Sheet Market Overview
As per MRFR analysis, the Polyvinyl Butyral Films Sheet Market Size was estimated at 4.76 (USD Billion) in 2022.
The Polyvinyl Butyral Films Sheet Market Industry is expected to grow from 4.96(USD Billion) in 2023 to 7.2 (USD Billion) by 2032. The Polyvinyl Butyral Films Sheet Market CAGR (growth rate) is expected to be around 4.23% during the forecast period (2024 - 2032).
Key Polyvinyl Butyral Films Sheet Market Trends Highlighted
The sheets and PVB films of the Polyvinyl Butyral (PVB) polymer market during this study period has been leaning on a global transformation of emissions along with that has transformed positively over the years. The increasing usage of PVB films as the safety layer in both automotive windshield and construction safety glass have been major contributors to the market growth.
As a result, new possibilities can be found in the production of green PVB films, which are worrying less and less. The new methods of manufacturing have made it possible to make PVB films that possess additional features, namely reducing noise and managing solar energy. Such developments provide new market opportunities in the aerospace and alternative energy sectors.
There is a visible trend toward high performance PVB films having additional application areas. Commonly, even in automobiles, there is an increasing customer base sails to more advanced active safety techniques such as lane departure alert systems and blind spot watches hence increasing risks of PVB film optical clarity with interlayer stiff design. In addition, with the growth of smart buildings and connected houses, there will be more applications of PVB films in holographic displays, touch panels and such advanced glazing technologies.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Polyvinyl Butyral Films Sheet Market Drivers
Increasing Demand for Safety Glass
One of the major driving factors that boost up the global polyvinyl butyral films sheet market industry is the increasing demand for safety glass in multiple applications. Polyvinyl butyral films are being used as interlayers or sandwiched between glass panes to make laminated glass which is safer and secure to use. Laminated glass is widely used in the applications of automotive windshields, architectural glazing, and many other applications, where safety is concerned majorly
The increasing level of adoption of the laminated glass is driving the market for PVB films. The growing concerns about safety and security in public places and residential places are also supporting the growth of the market.
Growing Automotive Industry
The Global Polyvinyl Butyral Films Sheet Market Industry will largely depend on the growth data of the automotive industry. Most PVB films are used for producing car windshields, both front and back, side windows, and sunroofs. The increasing number of produced cars all around the world, especially in such markets as India, China are in the favor for the PVB films and the industry as a whole. Moreover, constant development and improvement of electric vehicles that require more and more big screens and panoramic roofs are also a good sign for industry.
Technological Advancements
The development of the Global Polyvinyl Butyral Films Sheet Market Industry is driven not only by factors mentioned above but also by technological development. Ongoing research and development efforts result in the production of new PVB films. They are characterized by improved properties, such as better clarity, improved UV resistance, and acoustic insulation. Over time, these films can be used in new fields, beyond traditional industry lines, which creates new avenues of growth.
Global Polyvinyl Butyral Films Sheet Market Segment Insights
Polyvinyl Butyral Films Sheet Market End-Use Industry Insights
The Global Polyvinyl Butyral Films Sheet Market is segmented into Automotive, Construction, Electronics, and Industrial End-Use Industry segments. The Automotive segment is the largest end-use industry for Polyvinyl Butyral Films Sheet, accounting for 40% of the global market revenue in 2023. The growth of the automotive industry, particularly in emerging economies, is driving the demand for Polyvinyl Butyral Films Sheet in this segment. Polyvinyl Butyral Films Sheet is used in automotive applications such as laminated glass for windshields and side windows due to its excellent optical clarity, impact resistance, and UV protection properties.
The Construction segment is another significant end-use industry for Polyvinyl Butyral Films Sheet, accounting for 30% of the global market revenue in 2023. The increasing demand for energy-efficient and sustainable building materials is driving the growth of this segment. Polyvinyl Butyral Films Sheet is used in construction applications such as laminated glass for windows and skylights, providing excellent insulation and UV protection. The Electronics segment is a rapidly growing end-use industry for Polyvinyl Butyral Films Sheet, accounting for 20% of the global market revenue in 2023.
The increasing demand for electronic devices such as smartphones, tablets, and laptops is driving the growth of this segment. Polyvinyl Butyral Films Sheet is used in electronics applications such as display protection and touchscreens due to its excellent optical clarity and touch sensitivity. The Industrial segment is the smallest end-use industry for Polyvinyl Butyral Films Sheet, accounting for 10% of the global market revenue in 2023. The growth of the industrial sector, particularly in emerging economies, is driving the demand for Polyvinyl Butyral Films Sheet in this segment.
The increasing demand from the automotive, construction, electronics, and industrial end-use industries is expected to drive the growth of the Polyvinyl Butyral Films Sheet Market in the coming years.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Polyvinyl Butyral Films Sheet Market Application Insights
The Laminated Glass segment accounted for the largest revenue share and is likely to register a CAGR of 4.5% from 2023 to 2032. Automotive Glazing is anticipated to be the most lucrative segment, registering a CAGR of 4.8% over the next decade. The Industrial Glazing segment is anticipated to expand at a CAGR of 4.2%, while the Electronic Displays segment is likely to register a CAGR of 4.1% over the forecast period. The growth is attributed to the rising demand for polyvinyl butyral films in the automotive glazing, construction, and electronics industry.
Polyvinyl Butyral Films Sheet Market Film Thickness Insights
Within the Global Polyvinyl Butyral Films Sheet Market, Film Thickness is a crucial segment that exhibits significant variation in demand and application. Thinner films, measuring less than 100 microns, account for a substantial portion of the market, driven by their extensive use in interlayer applications in laminated glass for the automotive and construction industries. Films in the range of 100-200 microns find application in various industries, including electronics, packaging, and medical devices. Thicker films, exceeding 200 microns, are primarily utilized in specialized applications such as protective coatings and bullet-resistant glass, catering to niche market demands.
The Global Polyvinyl Butyral Films Sheet Market revenue for Film Thickness is projected to grow steadily in the coming years, influenced by the increasing demand for laminated glass in various end-use sectors.
Polyvinyl Butyral Films Sheet Market Form Insights
Rolls and Sheets are the form segments of the Global Polyvinyl Butyral Films Sheet Market. In 2023, the revenue for Rolls segment was approximately 1.84 USD billion and is projected to reach 2.29 USD billion by 2032, exhibiting a CAGR of 2.8%. The Sheets segment, on the other hand, held a larger revenue share in 2023, valued at 3.12 USD billion and is estimated to grow at a CAGR of 4.7%, reaching 4.91 USD billion by 2032. The growth of the Rolls segment is attributed to its prevalent use in the production of safety glass for vehicles, while the higher CAGR of the Sheets segment is due to its increasing demand in architectural glazing and specialty applications.
Polyvinyl Butyral Films Sheet Market Transparency Insights
The transparency segment plays a significant role in the Global Polyvinyl Butyral Films Sheet Market, offering a range of options to cater to diverse end-use requirements. Clear films dominate the segment, accounting for over 55% of the market share in 2023. Tinted films are gaining traction, particularly in the automotive industry, where they provide privacy and UV protection while enhancing aesthetics. Opaque films hold a smaller market share but are essential for applications requiring complete light blockage, such as blackout curtains and photographic equipment.
The increasing demand for lightweight, durable, and optically clear materials is driving the growth of the Polyvinyl Butyral Films Sheet Market for clear and tinted films. The global revenue for clear Polyvinyl Butyral Films Sheet is projected to surpass USD 3.2 billion by 2030, exhibiting a stable growth rate.
Polyvinyl Butyral Films Sheet Market Regional Insights
The regional segmentation of the Global Polyvinyl Butyral Films Sheet Market offers valuable insights into the market's geographic distribution and dynamics. North America holds a significant share of the market, driven by the presence of major players and the growing demand for Polyvinyl Butyral Films Sheet in various industries. Europe follows North America in terms of market share, with a strong presence in the automotive and construction sectors. The Asia-Pacific region is projected to witness robust growth in the coming years, owing to the increasing demand from emerging economies like China and India.
South America and MEA represent smaller but growing markets for Polyvinyl Butyral Films Sheet, with potential for future expansion. The Global Polyvinyl Butyral Films Sheet Market is expected to grow at a steady pace in the coming years, with emerging regions playing a key role in driving this growth.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Polyvinyl Butyral Films Sheet Market Key Players and Competitive Insights
Major players in Polyvinyl Butyral Films Sheet Market industry are continuously investing in research and development to enhance their product offerings and gain a competitive edge. Leading Polyvinyl Butyral Films Sheet Market players are focusing on developing innovative products that cater to the evolving needs of end-users. The Polyvinyl Butyral Films Sheet Market is characterized by intense competition among existing players, as well as the entry of new players. Key players in the Polyvinyl Butyral Films Sheet Market are adopting various strategies, such as mergers and acquisitions, joint ventures, and partnerships, to expand their market presence and gain a competitive advantage. The Polyvinyl Butyral Films Sheet Market development is driven by the increasing demand for polyvinyl butyral films in various applications, such as automotive, construction, and electronics.
Eastman Chemical Company is a leading player in the Polyvinyl Butyral Films Sheet Market. The company offers a wide range of polyvinyl butyral films under the Saflex brand. Saflex films are known for their high clarity, durability, and resistance to UV radiation. Eastman Chemical Company has a strong global presence, with manufacturing facilities in North America, Europe, and Asia. The company's extensive distribution network ensures that its products are readily available to customers worldwide. Eastman Chemical Company is committed to providing innovative solutions to meet the evolving needs of its customers.
Another major player in the Polyvinyl Butyral Films Sheet Market is Sekisui Chemical Co., Ltd. The company offers a range of polyvinyl butyral films under the S-LEC brand. S-LEC films are known for their high performance and reliability. Sekisui Chemical Co., Ltd. has a strong presence in the Asia-Pacific region, with manufacturing facilities in Japan, China, and Thailand. The company's global distribution network ensures that its products are available to customers in all major markets. Sekisui Chemical Co., Ltd. is focused on developing sustainable solutions that meet the needs of its customers.
Key Companies in the Polyvinyl Butyral Films Sheet Market Include:
- Evonik Industries AG
- Kuraray Co., Ltd.
- Mitsubishi Chemical Corporation
- Kaneka Corporation
- SaintGobain Performance Plastics
- Sekisui Chemical Co., Ltd.
- 3M Company
- Solutia
- Sumitomo Chemical Co., Ltd.
- Asahi Kasei Corporation
- Huntsman Corporation
- Eastman Chemical Company
- DuPont de Nemours, Inc.
- Toray Industries, Inc.
- Dow Chemical Company
Polyvinyl Butyral Films Sheet Market Industry Developments
The global Polyvinyl Butyral Films Sheet Market is projected to reach USD 7.2 billion by 2032, exhibiting a CAGR of 4.23% during the forecast period. This growth is attributed to the increasing demand for Polyvinyl Butyral (PVB) films in the automotive industry. PVB is commonly utilized in laminated glass for vehicle windshields and windows, owing to its exceptional clarity, adhesion, and impact resistance.
The rising production of automobiles, particularly in emerging economies, is anticipated to fuel the demand for PVB films. Additionally, the growing adoption of PVB films in construction applications, such as architectural glazing, is contributing to market growth. Furthermore, advancements in technology and the development of high-performance PVB films are expected to create new opportunities in various end-use industries.
Polyvinyl Butyral Films Sheet Market Segmentation Insights
Polyvinyl Butyral Films Sheet Market End-Use Industry Outlook
- Automotive
- Construction
- Electronics
- Industrial
Polyvinyl Butyral Films Sheet Market Application Outlook
- Laminated Glass
- Automotive Glazing
- Industrial Glazing
- Electronic Displays
Polyvinyl Butyral Films Sheet Market Film Thickness Outlook
- 100 microns
- 100-200 microns
- >200 microns
Polyvinyl Butyral Films Sheet Market Form Outlook
Polyvinyl Butyral Films Sheet Market Transparency Outlook
Polyvinyl Butyral Films Sheet Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
4.76(USD Billion) |
| Market Size 2023 |
4.96(USD Billion) |
| Market Size 2032 |
7.2(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
4.23% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2022 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Evonik Industries AG, Kuraray Co., Ltd., Mitsubishi Chemical Corporation, Kaneka Corporation, Saint-Gobain Performance Plastics, Sekisui Chemical Co., Ltd.,3M Company, Solutia, Sumitomo Chemical Co., Ltd. ,Asahi Kasei Corporation ,Huntsman Corporation ,Eastman Chemical Company ,DuPont de Nemours, Inc. ,Toray Industries, Inc. ,Dow Chemical Company |
| Segments Covered |
End-Use Industry, Application, Film Thickness, Form, Transparency, Regional |
| Key Market Opportunities |
1 Laminated safety glass applications2 Advanced glazing systems3 Automotive interiors4 Solar panel encapsulation5 Display panel protection |
| Key Market Dynamics |
1.      Rising demand from automotive sector 2.      Increasing use in construction industry 3.      Technological advancements Growing applications in solar energy Expansion of end-use industries |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
In 2023, the Global Polyvinyl Butyral Films Sheet Market is estimated to be worth 4.96 billion USD.
The Global Polyvinyl Butyral Films Sheet Market is projected to reach 7.2 billion USD by 2032.
The Global Polyvinyl Butyral Films Sheet Market is anticipated to grow at a CAGR of 4.23% from 2024 to 2032.
The Asia Pacific region is expected to be the largest market for Polyvinyl Butyral Films Sheet, followed by North America and Europe. The growth in the Asia Pacific region is attributed to the increasing demand from the automotive and construction industries.
Polyvinyl Butyral Films Sheet is primarily used in the production of laminated safety glass for automotive windshields, side windows, and sunroofs. It is also used in architectural applications such as skylights, curtain walls, and interior partitions.
The key competitors in the Global Polyvinyl Butyral Films Sheet Market include Eastman Chemical Company, Kuraray Co., Ltd., Sekisui Chemical Co., Ltd., and Evonik Industries AG.
The growth of the Global Polyvinyl Butyral Films Sheet Market is primarily driven by the increasing demand for lightweight and durable materials in the automotive and construction industries. The growing adoption of laminated safety glass in architectural applications is also contributing to the market growth.
The Global Polyvinyl Butyral Films Sheet Market faces challenges such as the volatility in raw material prices and the stringent environmental regulations governing the production and disposal of Polyvinyl Butyral Films Sheet.
The Global Polyvinyl Butyral Films Sheet Market is witnessing trends such as the increasing adoption of advanced manufacturing technologies and the development of new and innovative applications for Polyvinyl Butyral Films Sheet.
The future outlook of the Global Polyvinyl Butyral Films Sheet Market is positive. The market is expected to continue growing at a steady pace, driven by the increasing demand for lightweight and durable materials in various industries.
