Polyvinyl butyral is an amorphous thermoplastic which is produced through a condensation process of butyraldehyde and polyvinyl alcohol. This resin provides effective film-forming, better adhesion properties, improved flexibility, and good withstanding capabilities against UV rays.
At a compound annual growth rate of 5.8%, the size of the worldwide Polyvinyl Butyral (PVB) market is projected to reach $3.82 Billion in 2030.
Further, its compatibility with plasticizers and binders and solubility in solvents depend on the degree of polymerization and acetalisation. Higher presence of butyral groups improves water resistance capabilities of the polymer in the polyvinyl butyral films. It can further be cross-linked depending with multiple resins including epoxy, melamine, and phenolic resins which in turn produce high quality solvent resistant films and coatings.
The polyvinyl brutyral find its application across glass, sheets, adhesives paintings & coatings. Its capability to exhibit good adhesion properties by bonding with fractured glass splinters which sticks to the surface and prevents injury from sharp and large glass fragments. It further offers a good impact resistance, complete absorption of UV rays, and improves sound barrier & noise cancellation quality.
Its raw material such as butyraldehyde and polyvinyl alcohol, are obtained from petroleum and carbon compound. Price Volatility associated with its raw material significantly impacts the price of the product, which is turn is poised to sway the industry growth. Although, its growing demand across automobile and construction sector is projected to stimulate the industry upsurge over the forecasted timeframe.
Polyvinyl Butyral (PVB) Market Scope
|Revenue forecast in 2030
|CAGR of 5.8 % during 2020-2030
|by Application, End-use, Region
|North America, Europe, Asia Pacific, South America, Middle East and Africa
|Key Players Profiled
|astman 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).
Key Segment Of The Polyvinyl Butyral (PVB) Market
Information by Application, (USD Million)
• Films & Sheet
By End Use, (USD Million)
• Building & Construction
Regional Overview, (USD Million)
• Rest of Europe
• Rest of Asia Pacific
• Rest of South America
Middle East and South Africa
Frequently Asked Questions (FAQ) :
PVB is a thermoplastic which is used as a glass interlayer across various industries including architectural and automotive applications. These industries deploy the resin between two glass panels which act as a protective layer between the two glasses. High transparency, enhanced tensile strength and improved elasticity are some of the key features offered by the product in comparison to the other available alternatives which is positively influencing the industry landscape. Further, its growing application across various sectors such as ground transportation, building & construction, and solar energy will further augment the product demand in the coming years.
Furthermore, properties such as excellent recyclability, better appearance, and finish have expanded its application for aesthetic appearance, which in turn is stimulating the business outlook. Although, increasing replacement of these materials from optimized material may hamper the industry growth. However, ongoing innovation activities across the industry to improve its characteristics is poised to accelerate the industry growth.
On the basis of the end-user segment, the market is categorized into construction, automotive, photovoltaic, defense, and others. The construction segment holds substantial share across the global polyvinyl butyral market in 2018 and photovoltaic is anticipated to witness significant growth rate for the forecast period 2019-2025.
Polyvinyl butyral market is segmented into paints & coatings, films & sheets, adhesives, and others. In 2018, the films & sheets accounted for major contributors in revenue and it is expected to lead the polyvinyl butyral industry thorough the forecast timeline.
Asia Pacific is projected to witness significant growth in the coming years. Growing suburban migration along with rising middle class income have proliferated the real estate leading to construction of flat, apartments, and commercial complexes which have positively impacted the demand for PVB. Furthermore, the announcement of various policies regarding foreign investment have led to the establishment of various end user industries which in turn is driving the industry growth. Moreover, escalated investment across solar industry, leading to accelerated installation of solar panels is stimulating the industry landscape.
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.