Dallas, Texas, April 02, 2020 (GLOBE NEWSWIRE) -- The “Polyvinyl Butyral (PVB) Market, By End-User (Construction, Automotive, Photovoltaic, Defense, and Others), Application (Films & Sheets, Paints & Coatings, Adhesives, and Others), and by Region, Global Forecasts 2018 to 2025” study provides an elaborative view of historic, present and forecasted market estimates.
In addition, rising utilization of laminated glasses across residential and commercial buildings as owing to its favorable characteristics such as UV radiation control, durability, sound cancellation, and weather resistance is augmenting the product demand. Automotive manufacturers deploy laminated glass for side & back windows, windscreens and sunroofs. Laminated glasses are utilized in a vehicle to improve the safety features as it offers protection from head injuries caused during a collision. Further, its binding capabilities has extended its application across paint, coatings, and adhesives, which is further diving the industry growth in the coming years.
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The global polyvinyl butyral market size is projected to reach around USD 4 billion by 2025. Polyvinyl butyral is a resin which is produced by utilizing polyvinyl alcohol and butyraldehyde through a condensation process. It is used in applications which require improved optical clarity, strong adhesion, high flexibility and good strength. These features have expanded its application across construction, solar and automobile sector along with paint & coating applications. Further, it is used across aviation, rivets & fasteners, ground transportation and associated industries which in turn is complementing the industry size.
The report also throws light on various aspects of the global polyvinyl butyral industry by assessing the market using value chain analysis. The report covers several qualitative aspects of the polyvinyl butyral industry in market drivers, market restraints and key industry trends. Furthermore, the report provides an in-depth assessment of the market competition with company profiles of global as well as local vendors.
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The global polyvinyl butyral market holds a strong competition among the well-established and new emerging players. These market players target to gain a competitive advantage over the other players by participating in partnerships, mergers, and acquisitions and expanding their businesses.
The polyvinyl butyral market is categorized into construction, automotive, photovoltaic, defense, and others on the basis of the application. The photovoltaic segment is expected to expand at a growth rate of over 6% over the forecast period. The growth of this segment is primarily contributed to the rising installation of solar panels, which in turn will augment the carbon demand in the coming years.
Europe is projected to hold significant share across the PVB industry. Shifting focus toward sustainable consumption and green alternatives across the region is proliferating the industry outlook. Rampant adoption of electric vehicle along with rising installation of solar panels is further driving the product demand. Moreover, steady growth related to establishment of complexes, data centers, commercial establishments will complement the product demand over the forecast timeline.
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The major players of the global polyvinyl butyral market comprise of DuPont, Eastman Chemical Company, Sekisui Chemicals Co., Limited, Chang Chun Petrochemical Co., Limited, Huakai Plastic Co. Limited, Kuraray Co., Limited, Kingboard Chemical Holdings Limited, Tiantai Kanglai Industrial Co., Ltd., Zhejiang Pulijin Plastic Co., Ltd., and Everlam including others The market for polyvinyl butyral is consolidated with the presence of established global and domestic players across the globe. Moreover, the established companies are shifting focus toward establishing manufacturing facilities associated with the production of material and chemical. Furthermore, the industry players are coming up with inorganic growth strategies to expand their market presence.
Major points from Table of Contents:
Chapter 1 Introduction
Chapter 2 Research Methodology
Chapter 3 Executive Summary
Chapter 4 Market Outlook
Chapter 5 Polyvinyl butyral Market by End-User
Chapter 6 Polyvinyl Butyral Market by Application
Chapter 7 Polyvinyl butyral Market By Region
Chapter 8 Competitive Landscape
Chapter 9 Company Profiles
Chapter 10 Appendix
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