Certified Global Research Member
Key Questions Answered
- Global Market Outlook
- In-depth analysis of global and regional trends
- Analyze and identify the major players in the market, their market share, key developments, etc.
- To understand the capability of the major players based on products offered, financials, and strategies.
- Identify disrupting products, companies, and trends.
- To identify opportunities in the market.
- Analyze the key challenges in the market.
- Analyze the regional penetration of players, products, and services in the market.
- Comparison of major players’ financial performance.
- Evaluate strategies adopted by major players.
- Recommendations
Why Choose Market Research Future?
- Vigorous research methodologies for specific market.
- Knowledge partners across the globe
- Large network of partner consultants.
- Ever-increasing/ Escalating data base with quarterly monitoring of various markets
- Trusted by fortune 500 companies/startups/ universities/organizations
- Large database of 5000+ markets reports.
- Effective and prompt pre- and post-sales support.
Market Factors of Polyvinyl Butyral Market:
Growth in Construction Industry: The polyvinyl butyral (PVB) market experiences growth due to the expanding construction industry, where PVB is widely used in laminated glass for its excellent adhesion, clarity, and safety properties.
Automotive Sector Demand: Increasing demand for PVB in the automotive industry for applications such as windshield laminates and automotive glazing contributes to market growth, driven by stringent safety regulations and consumer preferences for enhanced vehicle safety.
Solar Energy Applications: Growing adoption of photovoltaic modules in solar energy generation drives the demand for PVB as an encapsulant material, providing durability, weather resistance, and electrical insulation in solar panels.
Safety Regulations: Stringent safety regulations and standards related to building construction and automotive manufacturing drive the demand for PVB as a key component in safety glass, boosting market growth.
Urbanization and Infrastructure Development: Rapid urbanization and infrastructure development in emerging economies lead to increased demand for laminated glass incorporating PVB in architectural applications such as facades, windows, and skylights, supporting market expansion.
Technological Advancements: Ongoing technological advancements in PVB manufacturing processes and product formulations result in the development of high-performance PVB grades with enhanced properties, catering to diverse application requirements and driving market dynamics.
Consumer Preference for Safety and Security: Growing consumer awareness about safety and security drives the demand for PVB laminated glass in residential and commercial buildings, as well as in automobiles, influencing market trends.
Environmental Sustainability: Increasing focus on environmental sustainability encourages the adoption of eco-friendly PVB formulations made from renewable sources or recycled materials, aligning with sustainability goals and shaping market preferences.
Market Competition: Intense competition among key players in the PVB market leads to product innovation, cost optimization, and strategic partnerships aimed at gaining a competitive edge and expanding market presence.
Regulatory Compliance: Compliance with regulatory requirements related to product quality, safety, and environmental standards influences market dynamics, as companies strive to meet regulatory mandates and maintain market competitiveness.
Geopolitical Factors: Geopolitical factors such as trade policies, tariffs, and economic sanctions impact the global supply chain of PVB raw materials and finished products, affecting market pricing, availability, and trade dynamics.
Industry Collaborations: Collaborations between PVB manufacturers, glass manufacturers, research institutions, and government agencies foster innovation and drive the development of new applications and technologies, shaping market trends.
Economic Conditions: Economic factors such as GDP growth, construction spending, and automotive sales influence market demand for PVB, as they determine investment levels in construction projects, automotive production, and infrastructure development.
Emerging Markets: Emerging markets present significant growth opportunities for the PVB market, driven by rapid urbanization, increasing infrastructure investments, and rising consumer demand for safety and security solutions.
Pandemic Impact: The COVID-19 pandemic affects the PVB market by disrupting supply chains, delaying construction projects, and changing consumer behavior, leading to short-term fluctuations in demand and market dynamics.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Growth Rate |   5.8% (2022–2030) |
Polyvinyl Butyral Market Highlights:
Polyvinyl Butyral Market Overview
The global polyvinyl butyral market is projected to reach over USD 4.12 billion in terms of value by 2030, growing with the CAGR of 5.8% during the forecast period. The polyvinyl butyral is a resin which has excellent binding efficiency, good elasticity, adhesion, flexibility, and toughness. It finds a wide range of application in the commercial and industrial sector that includes printing ink, films for lamination, coatings & premiers, adhesive, and binders for metal powders & ceramics. Increase in demand for polyvinyl butyral has compelled manufacturers to expand their production capacities, for instance, Eastman Chemical Co. Ltd has expanded polyvinyl butyral production capacity in Suzhou, China. The company has taken such initiative to serve global customer’s needs in the region with shorter lead time, polyvinyl butyral produced is mainly for automotive windshield application.
Polyvinyl butyral (PVB) finds significant application in laminated safety glass for automotive windshields. Shifting consumer trends from private car ownership to shared mobility services has slightly reduced the sales of automotive vehicles. Though, due to the rise in global middle-class consumers and positive economic outlook, worldwide automotive sales are expected to remain positive in the coming years. Such trends are projected to drive the application of polyvinyl butyral in automotive windshield during the forecast period. In the construction industry, polyvinyl butyral material is used as laminated safety and security glass. Growing construction and infrastructure activities across the globe are projected to drive the polyvinyl butyral market during the forecast period. According to the US Census Bureau, construction spending on May 2019 was USD 1,293.9 billion further Asia-Pacific construction activities is also expected to boost the polyvinyl butyral market during the review period.
Global Polyvinyl Butyral Market Share, by End-use, 2018 (%)
Source: MRFR analysis
Regional Analysis
The global polyvinyl butyral market has been studied across five key regions, namely Asia-Pacific, North America, Latin America, Europe, and the Middle East & Africa.
Asia-Pacific polyvinyl butyral market is expanding at a steady growth rate due to expanding automotive and construction industry in the region. China and India are the fastest-growing polyvinyl butyral market due to substantial public sector investment in the region for economic development. Further, high demand for energy is driving the photovoltaic method for converting solar energy into electricity, which is increasing the application of polyvinyl butyral in the region.
North America is the second-largest polyvinyl butyral market, an increase in the number of a construction project in the region has positively influenced market growth. New construction in the residential sector is estimated to drive the demand for polyvinyl butyral product. Europe polyvinyl butyral market is estimated to grow at a sluggish rate owing to the economic slowdown in the region, however, in coming years, the market is expected to recover, which is likely to propel market growth.
The Latin America and Middle East & Africa region is estimated to grow at a steady rate due to increasing investment in construction and photovoltaic industry, thus making higher demand for polyvinyl butyral in the region.
Market Segmentation
The global polyvinyl butyral market has been segmented based on application, end use, and region. Based on application, the global market has been divided into films & sheet, adhesives, binders, coatings, others. The films & sheet segment is the fastest-growing segment owing to a wide application in automotive and construction. The end use segment has been segregated based on building & construction, automotive, photovoltaic, others, the automotive segment the dominates the global polyvinyl butyral market with around 28% share.
Key Players
Some of the leading players in the global polyvinyl butyral market are Eastman Chemical Company (US), Kuraray Co., Ltd (Japan), DuPont (US), Sekisui Chemical Co., Ltd (Japan), Kingboard Chemical Holdings Limited (Hong Kong), Tiantai Kanglai Industrial Co., Ltd (China), Zhejiang Pulijin Plastic Co., Ltd (China), Chang Chun Petrochemicals Co. Ltd (China) , Everlam (Belgium), DuLite (US), and Anhui Wanwei Group Co., Ltd (China).
Recent Development
August 2021- Avient, a global manufacturer of specialized polymer materials headquartered in Avon Lake, Ohio, announced that the company had added laminated architectural glass and retrieved polyvinyl butyral (PVB) from car windshields to its portfolio of reSound R thermoplastics elastomers (TPEs). The conclusion of the partnership Shark Solutions, a Denmark-based global leader in advanced sustainable PVB, Avient’s reSound R TPEs will comprise 25% of post-consumer recycled PVB. The new reSound R grades, developed in 45 to 55 Shore A durometers, are ideal for general-purpose applications in the automotive and consumer industries. The moldable injection TPEs can be over-molded to polypropylene (PP) and come in a natural grade, effortlessly colored.
March 2021 – Eastman Chemical Company announced an investment to enhance and extend its extrusion capabilities to manufacture interlayers product lines at its Springfield, Massachusetts, production plant. The investment will empower Eastman’s supply capability to answer to local and global demand for Saflex® polyvinyl butyral (PVB) products in the architectural and automotive markets and improve facility capabilities to allow the production of specialty architecture and automotive PVB products, including advanced tri-layers formulations and thicker gauges such as Saflex® acoustic interlayer products. The project is anticipated to be finished in the fourth quarter of 2021.
Intended Audience
- Polyvinyl butyral manufacturers
- Traders and distributors of polyvinyl butyral chemicals
- Research and development institutes
- Potential investors
- Raw material suppliers
- Nationalized laboratories
Leading companies partner with us for data-driven Insights
Kindly complete the form below to receive a free sample of this Report
Tailored for You
- Dedicated Research on any specifics segment or region.
- Focused Research on specific players in the market.
- Custom Report based only on your requirements.
- Flexibility to add or subtract any chapter in the study.
- Historic data from 2014 and forecasts outlook till 2040.
- Flexibility of providing data/insights in formats (PDF, PPT, Excel).
- Provide cross segmentation in applicable scenario/markets.
