The
global polyvinyl butyral (PVB) market is expected to
reach USD 4.06 billion by 2024, according to a new report by Grand View
Research, Inc. Rising demand for the product as they provide superior
resistance to weather & moisture, attractive colors, optical clarity,
strong binding, excellent adhesion, flexibility and toughness will fuel
industry growth over the next eight years.
Rising government
spending on solar power and construction infrastructure along with the growing
population will augment industry expansion. Growing consumption of PVB films
& sheets in thin film solar modules on account of its low cost and
environment-friendly properties will drive market size over the next eight
years.
Paints & coatings
application segment is expected to witness substantial revenue gains at a CAGR
of 6.3% from 2016 to 2024. The product acts as a protector and corrosion
preventer for various metals including steel, iron, zinc and aluminum.
Moreover, properties including superior adhesion and resistance to UV radiation
will induce the demand for the product over the forecast period.
Browse full report
by Grand View Research :
Further key findings
from the report suggest:
·
The
global PVB market size was 369.8 kilo tons in 2015 and is expected to show high
gains in light of rapid infrastructural development in China, India, Mexico,
Saudi Arabia, Brazil, Singapore, Thailand, Indonesia and the U.S.
·
PVB
adhesives will witness considerable volume gains at a CAGR of 5.7% from 2016 to
2024. Growing usage of these adhesives owing to their superior strength,
adhesion and binding properties in various environmental conditions is expected
to stimulate industry growth. Furthermore, rising usage in the paper,
packaging, automotive, construction, assembly, manufacturing, woodwork and
consumer products will fuel industry growth over the forecast period.
·
North
America accounted for 23.4% of the overall volume share in 2015 and is expected
to witness gains in light of rising construction activities in the U.S. coupled
with growing automobile manufacturing in Mexico.
·
Latin
America will show significant revenue increase at a CAGR of 7.4% from 2016 to
2024 owing to rapid economic growth along with increasing vehicle production in
Brazil. Increasing government efforts to promote solar energy generation will
stimulate product demand over the forecast period.
·
PVB
industry is dominated by major participants including include Eastman Chemical
Company, DuPont, Chang Chun Petrochemical, Sekisui Chemicals and Kuraray.
Companies are expanding their production capacities to cater to the growing
global demand for the resin. For instance, in June 2016, Kuraray Co., Limited
announced plans to construct a manufacturing facility for polyvinyl butyral
films at its South Korean plant.
Browse more reports of
this category by Grand View Research: http://www.grandviewresearch.com/industry/plastics-polymers-and-resins
Grand View Research has
segmented the global polyvinyl butyral market on the basis of application,
end-use and region:
Global
Polyvinyl Butyral Application Outlook (Volume, Kilo Tons; Revenue, USD Million,
2013 - 2024)
·
Films
& sheets
o
Automotive
o
Construction
o
Photovoltaic
·
Paints
& coatings
·
Adhesives
·
Others
Global
Polyvinyl Butyral Regional Outlook (Volume, Kilo Tons; Revenue, USD Million,
2013 - 2024)
·
North
America
o
U.S.
·
Europe
o
Germany
o
UK
·
Asia
Pacific
o
China
o
Japan
·
Latin
America
o
Brazil
·
MEA
Access
press release by Grand View Research: http://www.grandviewresearch.com/press-release/global-polyvinyl-butyral-pvb-market
About
Grand View Research
Grand View Research, Inc. is a U.S. based
market research and consulting company, registered in the State of California
and headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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