PVB Interlayers are thin films that are packed between two panels of glass to improve protection. Furthermore, these films provide additional safety and support owing to its features including toughness, optical clarity, flexibility, and adhesion. A higher number of these resins enhance water resisting abilities of the polymer. It is further cross-linked with multiple resins comprising phenolic, epoxy, and melamine resins that in turn develops high quality solvent coatings.
The PVB Interlayers Market was valued at USD 4.25 billion in 2022 and is expected to reach USD 7.20 billion by 2030, growing at a CAGR of 6.80% between 2023 and 2030.
.jpg "The Global Pvb Interlayers Market 2020-2030 (USD Billion)")
The PVB Interlayers are utilized across buildings, construction, photovoltaic, and automotive is further driving the industry. Thus, surging adoption of vehicles along with increasing focus toward safeguarding and safety features is further positively influencing the industry growth. Furthermore, the growing focus toward improving the PVB capability is expected to augment the product demand.
PVB Interlayers raw material are obtained from carbon compound and petroleum in which price volatility plays a critical role. Hence, the price of the product mainly depends on the price of raw material. The growing efforts to fix the price in order to reduce the price uncertainty associated with the product is driving the industry size.
PVB Interlayers Market Scope
| Metrics | Details |
| Base Year | 2023 |
| Historic Data | 2018-2022 |
| Forecast Period | 2024-2030 |
| Study Period | 2018-2030 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2030 | USD 7.20 billion |
| Growth Rate | CAGR of 6.80% during 2020-2030 |
| Segment Covered | by Type, Application, Regions |
| Regions Covered | North America, Europe, Asia Pacific, Middle East and Africa, South America |
| Key Players Profiled | Eastman Chemical Company (US), Kuraray (Japan), Sekisui Chemical Co., Ltd (Japan), Everlam NV (Belgium), Genau PVB (India), Chang Chun Group (Taiwan), DuLite PVB Film (Taiwan), Huakai Plastic (Chongqing) Co., Ltd (China), Tiantai Kanglai Industrial Co.,Ltd (China), JE Berkowitz (US), Jiangsu Daruihengte Technology & Science Co., Ltd (China), Kingboard (Fogang) Specialty Resins Limited (China) |
Key Segment Of The PVB Interlayers Market
by Type
• Standard Polyvinyl Butyral
• Structural Polyvinyl Butyral
by End Use Industry
• Automotive, Building & Construction
• Photovoltaic
Regional Overview
North America
• US
• Canada
Europe
• Germany
• France
• UK
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• Rest of Asia Pacific
South America
• Mexico
• Brazil
• Rest of South America
Middle East and South Africa
Frequently Asked Questions (FAQ) :
The market value of pvb interlayers market in 2030 was 7.20 Billion
the pvb interlayers market is growing at a CAGR of 6.80% during the forecast period.
PVB interlayer is a resin that is used across various industries including automotive and construction. These layers are deployed between the between the glass panels. High transparency, enhanced elasticity, improved tensile strength are few of the prime features that are offered by the interlayers when compared to the other alternatives is positively impacting the business outlook. In addition, its increasing usage across multiple sectors including transportation, solar energy, and automotive, paint & coatings sector will further accelerate the industry outlook over the forecast timeline.
Its impressive characteristics such as better appearance and gloss finish along with recycling capabilities turn is complementing the business landscape. Further, rising research and development activities to enhance its characteristics is poised to stimulate the business landscape in the coming years.
End-User Segment
On the basis of the end-user segment, the market is categorized into construction, automotive, photovoltaic, and others. The automotive segment is analyzed to hold a significant share across the segment in 2018 and photovoltaic is projected to observe substantial CAGR in the coming years.
,-2018-2025-(USD-Million).png "Global PVB Interlayers Market, by End-User (Automotive), 2018-2025 (USD Million)")
Type Segment
PVB Interlayers market is segmented into Standard PVB and Structural PVB. In 2018, standard PVB accounted for major contributors in revenue and it is expected to lead the PVB Interlayers industry thorough the forecast timeline.
Asia Pacific is projected to experience a substantial upsurge over the forecast timeline. Growing migration coupled with increasing disposable income have upheld the demand leading to establishment of apartments, and commercial complexes is positively swaying the demand for PVB industry. Moreover, extensive investment across solar power, leading to accelerated installation of solar panels is stimulating the industry landscape.
The major players of the global PVB Interlayer’s market are Saflex, Kuraray, Genau Manufacturing Company, Huakai Plastic, Willing Lamiglass Materials, Sekisui Chemicals, Eastman Chemical Company, EVERLAM, Jiangxi Huatesheng, New Material Limited Company, BANDA PVB COMPANY and others. As of 2018, the market moderately consolidated with the presence of established global and domestic players across the globe.