Portland, OR, Nov. 18, 2022 (GLOBE NEWSWIRE) -- As per the report published by Allied Market Research, the global polyvinyl butrayl (PVB) films for automobile market was pegged at $189.2 million in 2021, and is expected to reach $227.8 million by 2031, growing at a CAGR of 4.7% from 2022 to 2031. The report provides an in-depth analysis of top segments, changing market trends, value chain, key investment pockets, competitive scenario, and regional landscape. The report is an essential and helpful source of information for leading market players, investors, new entrants, and stakeholders in formulating new strategies for the future and taking steps to strengthen their position in the market.
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Report Coverage & Details:
| Report Coverage | Details |
| Forecast Period | 2022–2031 |
| Base Year | 2021 |
| Market Size in 2021 | $189.2 million |
| Market Size in 2031 | $227.8 million |
| CAGR | 4.7% |
| No. of Pages in Report | 4.7 |
| Segments covered | Application and Region |
| Drivers | Rise in utilization of PVB films in production of safety glasses in vehicles |
| Surge in application of PVB films in automotive sector due to their heat & noise reduction properties | |
| Opportunities | Rise in commercial use of PVB productions by automotive manufacturer |
| Restrains | Availability of alternatives |
Covid-19 Scenario:
- The Covid-19 pandemic moderately affected the PVB films market. As automotive manufacturing activities were halted temporarily during the lockdown period, the demand for PVB severely declined.
- The declined manufacturing activities, disruption of supply chain, and increased prices of raw materials negatively affected the market.
The report segments the global polyvinyl butrayl (PVB) films for automobile market on the basis of application and region.
On the basis of application, the windows and dashboard displats segment dominated the market in 2021, contributing to nearly half of the market. However, the windshields segment is projected to manifest the highest CAGR of 5.5% during the forecast period.
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The global polyvinyl butrayl (PVB) films for automobile market is analyzed across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across Asia-Pacific held the lion’s share in 2021, accounting for more than half of the market. In addition, the region is expected to portray the highest CAGR of 5.2% from 2022 to 2031.
The global polyvinyl butrayl (PVB) films for automobile market includes an in-depth analysis of the prime market players such as Eastman Chemical Company Company; Kuraray Co., Ltd.; SEKISUI CHEMICAL CO., LTD.; Chang Chun Group; DuLite PVB FILM; Huakai Plastic（Chongqing） Co., Ltd.; EVERLAM; Kingboard Holdings Limited; Jiaxing Fuying Composite Materials Co., Ltd.; and Jiaxing Willing Lamiglass Material GmbH (W.M.C).
The report analyzes these key players in the global polyvinyl butrayl (PVB) films for automobile market. These players have adopted various strategies such as new product launches, expansion, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, operating segments, product portfolio, and developments of every market player.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
