Polyvinyl Butyral Market Report - Global Forecast till 2027

Global Polyvinyl Butyral Market: Information by Application (Films & Sheet, Adhesive, Binders, Coatings, and Others), by End Use (Building & Construction, Automotive, Photovoltaic, and Others), Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)—Forecast till 2027

ID: MRFR/CnM/3623-HCR | February 2021 | Region: Global | 139 pages

Market Synopsis


The global polyvinyl butyral market is projected to reach over USD 3.82 billion in terms of value by 2025, growing with the CAGR of 5.8% during the forecast period. The polyvinyl butyral is a resin which has excellent binding efficiency, good elasticity, adhesion, flexibility, and toughness. It finds a wide range of application in the commercial and industrial sector that includes printing ink, films for lamination, coatings & premiers, adhesive, and binders for metal powders & ceramics. Increase in demand for polyvinyl butyral has compelled manufacturers to expand their production capacities, for instance, Eastman Chemical Co. Ltd has expanded polyvinyl butyral production capacity in Suzhou, China. The company has taken such initiative to serve global customer’s needs in the region with shorter lead time, polyvinyl butyral produced is mainly for automotive windshield application.


Polyvinyl butyral (PVB) finds significant application in laminated safety glass for automotive windshields. Shifting consumer trends from private car ownership to shared mobility services has slightly reduced the sales of automotive vehicles. Though, due to the rise in global middle-class consumers and positive economic outlook, worldwide automotive sales are expected to remain positive in the coming years. Such trends are projected to drive the application of polyvinyl butyral in automotive windshield during the forecast period. In the construction industry, polyvinyl butyral material is used as laminated safety and security glass. Growing construction and infrastructure activities across the globe are projected to drive the polyvinyl butyral market during the forecast period. According to the US Census Bureau, construction spending on May 2019 was USD1,293.9 billion further Asia-Pacific construction activities is also expected to boost the polyvinyl butyral market during the review period.


Global Polyvinyl Butyral Market Share, by End-use, 2018 (%)


 polyvinyl Butyral


Source: MRFR analysis


Regional Analysis


The global polyvinyl butyral market has been studied across five key regions, namely Asia-Pacific, North America, Latin America, Europe, and the Middle East & Africa.


Asia-Pacific polyvinyl butyral market is expanding at a steady growth rate due to expanding automotive and construction industry in the region. China and India are the fastest-growing polyvinyl butyral market due to substantial public sector investment in the region for economic development. Further, high demand for energy is driving the photovoltaic method for converting solar energy into electricity, which is increasing the application of polyvinyl butyral in the region.


North America is the second-largest polyvinyl butyral market, an increase in the number of a construction project in the region has positively influenced market growth. New construction in the residential sector is estimated to drive the demand for polyvinyl butyral product. Europe polyvinyl butyral market is estimated to grow at a sluggish rate owing to the economic slowdown in the region, however, in coming years, the market is expected to recover, which is likely to propel market growth.


The Latin America and Middle East & Africa region is estimated to grow at a steady rate due to increasing investment in construction and photovoltaic industry, thus making higher demand for polyvinyl butyral in the region.


Market Segmentation


The global polyvinyl butyral market has been segmented based on application, end use, and region. Based on application, the global market has been divided into films & sheet, adhesives, binders, coatings, others. The films & sheet segment is the fastest-growing segment owing to a wide application in automotive and construction. The end use segment has been segregated based on building & construction, automotive, photovoltaic, others, the automotive segment the dominates the global polyvinyl butyral market with around 28% share.


Key Players


Some of the leading players in the global polyvinyl butyral market are Eastman 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).


Intended Audience



  • Polyvinyl butyral manufacturers

  • Traders and distributors of polyvinyl butyral chemicals

  • Research and development institutes

  • Potential investors

  • Raw material suppliers

  • Nationalized laboratories



Report Scope:
Report Attribute/Metric Details
  Market Size

  • 2025: USD 3.82 Billion
  • 2027: Significant value
  •   CAGR   5.8%(2019–2025)
      Base Year   2019
      Forecast Period   2020-2027
      Historical Data   2018
      Forecast Units   Value (USD Million)
      Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Segments Covered   By Application, End-Use Industry and Region
      Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
      Key Vendors   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 Market Opportunities   Increase in demand for polyvinyl butyral has compelled manufacturers to expand their production capacities, for instance, Eastman Chemical Co. Ltd
      Key Market Drivers   Due to the rise in global middle-class consumers and positive economic outlook, worldwide automotive sales


    Frequently Asked Questions (FAQ) :


    Global Polyvinyl Butyral Market is projected to grow at a 5.8% CAGR between 2019-2024.

    Global Polyvinyl Butyral Market is predicted to touch USD 3.82 billion by 2024.

    The Asia Pacific is expected to dominate the Polyvinyl Butyral Market.

    It finds extensive applications in coatings, binders, adhesive, and films and sheet.

    The automotive segment will dominate the Polyvinyl Butyral Market.

    TABLE OF CONTENTS

    1 Executive Summary

    2 Scope of the Report

    2.1 Market Definition

    2.2 Scope of the Study

    2.2.1 Research Objectives

    2.2.2 Assumptions & Limitations

    2.3 Markets Structure

    3 Market Research Methodology

    3.1 Research Process

    3.2 Primary Research

    3.3 Secondary Research

    3.4 Forecast Model

    4 Market Landscape

    4.1 Supply Chain Analysis

    4.1.1 Raw Material Suppliers

    4.1.2 Manufacturers/Producers

    4.1.3 Distributors/Retailers/Wholesalers/E-Commerce Merchants

    4.1.4 End Use

    4.2 Porter’s Five Forces Analysis

    4.2.1 Threat of New Entrants

    4.2.2 Bargaining Power of Buyers

    4.2.3 Bargaining Power of Suppliers

    4.2.4 Threat of Substitutes

    4.2.5 Intensity of Competitive Rivalry

    5 Industry Overview of the Global Polyvinyl Butyral Market

    5.1 Introduction

    5.2 Drivers

    5.3 Restraints

    5.4 Opportunities

    5.5 Challenges

    6 Market Trends

    6.1 Introduction

    6.2 Growth Trends

    6.3 Impact Analysis

    7. Global Polyvinyl Butyral Market, by Type

    7.1 Introduction

    7.2 Films & Sheet

    7.2.1. Market Estimates & Forecast, 2020-2027

    7.2.2. Market Estimates & Forecast, by Region, 2020-2027

    7.3 Adhesive

    7.3.1 Market Estimates & Forecast, 2020-2027

    7.3.2 Market Estimates & Forecast, by Region, 2020-2027

    7.4 Binders

    7.4.1 Market Estimates & Forecast, 2020-2027

    7.4.2 Market Estimates & Forecast, by Region, 2020-2027

    7.5. Coatings

    7.5.1 Market Estimates & Forecast, 2020-2027

    7.5.2 Market Estimates & Forecast, by Region, 2020-2027

    7.6 Others

    7.6.1 Market Estimates & Forecast, 2020-2027

    7.6.2 Market Estimates & Forecast, by Region, 2020-2027

    8. Global Polyvinyl Butyral Market, by End Use

    8.1 Introduction

    8.2 Building & Construction

    8.2.1 Market Estimates & Forecast, 2020-2027

    8.2.2 Market Estimates & Forecast, by Region, 2020-2027

    8.3 Automotive

    8.3.1 Market Estimates & Forecast, 2020-2027

    8.3.2 Market Estimates & Forecast, by Region, 2020-2027

    8.4 Photovoltaic

    8.4.1 Market Estimates & Forecast, 2020-2027

    8.4.2 Market Estimates & Forecast, by Region, 2020-2027

    8.5 Others

    8.5.1 Market Estimates & Forecast, 2020-2027

    8.5.2 Market Estimates & Forecast, by Region, 2020-2027

    9. Global Polyvinyl Butyral Market, by Region

    9.1 Introduction

    9.2 North America

    9.2.1 Market Estimates & Forecast, 2020-2027

    9.2.2 Market Estimates & Forecast by Type, 2020-2027

    9.2.5 Market Estimates & Forecast by End Use, 2020-2027

    9.2.6 US

    9.2.6.1 Market Estimates & Forecast, 2020-2027

    9.2.6.2 Market Estimates & Forecast by Type, 2020-2027

    9.2.6.5 Market Estimates & Forecast by End Use, 2020-2027

    9.2.7 Canada

    9.2.7.1 Market Estimates & Forecast, 2020-2027

    9.2.7.2 Market Estimates & Forecast by Type, 2020-2027

    9.2.7.5 Market Estimates & Forecast by End Use, 2020-2027

    9.3 Europe

    9.3.1 Market Estimates & Forecast, 2020-2027

    9.3.2 Market Estimates & Forecast by Type, 2020-2027

    9.3.5 Market Estimates & Forecast by End Use, 2020-2027

    9.3.6 Germany

    9.3.6.1 Market Estimates & Forecast, 2020-2027

    9.3.6.2 Market Estimates & Forecast by Type, 2020-2027

    9.3.6.5 Market Estimates & Forecast by End Use, 2020-2027

    9.3.7. France

    9.3.7.1 Market Estimates & Forecast, 2020-2027

    9.3.7.2 Market Estimates & Forecast by Type, 2020-2027

    9.3.7.5 Market Estimates & Forecast by End Use, 2020-2027

    9.3.8 Italy

    9.3.8.1 Market Estimates & Forecast, 2020-2027

    9.3.8.2 Market Estimates & Forecast by Type, 2020-2027

    9.3.8.5 Market Estimates & Forecast by End Use, 2020-2027

    9.3.9 Spain

    9.3.9.1 Market Estimates & Forecast, 2020-2027

    9.3.9.2 Market Estimates & Forecast by Type, 2020-2027

    9.3.9.5 Market Estimates & Forecast by End Use, 2020-2027

    9.3.10 UK

    9.3.10.1 Market Estimates & Forecast, 2020-2027

    9.3.10.2 Market Estimates & Forecast by Type, 2020-2027

    9.3.10.5 Market Estimates & Forecast by End Use, 2020-2027

    9.3.9 Russia

    9.3.9.1 Market Estimates & Forecast, 2020-2027

    9.3.9.2 Market Estimates & Forecast by Type, 2020-2027

    9.3.9.5 Market Estimates & Forecast by End Use, 2020-2027

    9.3.12 Netherlands

    9.3.12.1 Market Estimates & Forecast, 2020-2027

    9.3.12.2 Market Estimates & Forecast by Type, 2020-2027

    9.3.12.3 Market Estimates & Forecast by End Use, 2020-2027

    9.3.13 Rest of Europe

    9.3.13.1 Market Estimates & Forecast, 2020-2027

    9.3.13.2 Market Estimates & Forecast by Type, 2020-2027

    9.3.13.5 Market Estimates & Forecast by End Use, 2020-2027

    9.4 Asia-Pacific

    9.4.1 Market Estimates & Forecast, 2020-2027

    9.4.2 Market Estimates & Forecast by Type, 2020-2027

    9.4.5 Market Estimates & Forecast by End Use, 2020-2027

    9.4.6 China

    9.4.6.1 Market Estimates & Forecast, 2020-2027

    9.4.6.2 Market Estimates & Forecast by Type, 2020-2027

    9.4.6.5 Market Estimates & Forecast by End Use, 2020-2027

    9.4.7 India

    9.4.7.1 Market Estimates & Forecast, 2020-2027

    9.4.7.2 Market Estimates & Forecast by Type, 2020-2027

    9.4.7.5 Market Estimates & Forecast by End Use, 2020-2027

    9.4.8 Japan

    9.4.8.1 Market Estimates & Forecast, 2020-2027

    9.4.8.2 Market Estimates & Forecast by Type, 2020-2027

    9.4.8.5 Market Estimates & Forecast by End Use, 2020-2027

    9.4.9 Australia

    9.4.9.1 Market Estimates & Forecast, 2020-2027

    9.4.9.2 Market Estimates & Forecast by Type, 2020-2027

    9.4.9.5 Market Estimates & Forecast by End Use, 2020-2027

    9.4.10 Malaysia

    9.4.10.1 Market Estimates & Forecast, 2020-2027

    9.4.10.2 Market Estimates & Forecast by Type, 2020-2027

    9.4.10.5Market Estimates & Forecast by End Use, 2020-2027

    9.4.9 South Korea

    9.4.9.1 Market Estimates & Forecast, 2020-2027

    9.4.9.2 Market Estimates & Forecast by Type, 2020-2027

    9.4.9.5 Market Estimates & Forecast by End Use, 2020-2027

    9.4.12 Rest of Asia-Pacific

    9.4.12.1 Market Estimates & Forecast, 2020-2027

    9.4.12.2 Market Estimates & Forecast by Type, 2020-2027

    9.4.12.5Market Estimates & Forecast by End Use, 2020-2027

    9.5 Middle East & Africa

    9.5.1 Market Estimates & Forecast, 2020-2027

    9.5.2 Market Estimates & Forecast by Type, 2020-2027

    9.5.5 Market Estimates & Forecast by End Use, 2020-2027

    9.5.6 Saudi Arabia

    9.5.6.1 Market Estimates & Forecast, 2020-2027

    9.5.6.2 Market Estimates & Forecast by Type, 2020-2027

    9.5.6.5 Market Estimates & Forecast by End Use, 2020-2027

    9.5.7 UAE

    9.5.7.1 Market Estimates & Forecast, 2020-2027

    9.5.7.2 Market Estimates & Forecast by Type, 2020-2027

    9.5.7.5 Market Estimates & Forecast by End Use, 2020-2027

    9.5.8 Africa

    9.5.8.1 Market Estimates & Forecast, 2020-2027

    9.5.8.2 Market Estimates & Forecast by Type, 2020-2027

    9.5.8.5Market Estimates & Forecast by End Use, 2020-2027

    9.5.9 Rest of the Middle East & Africa

    9.5.9.1 Market Estimates & Forecast, 2020-2027

    9.5.9.2 Market Estimates & Forecast by Type, 2020-2027

    9.5.9.5 Market Estimates & Forecast by End Use, 2020-2027

    9.6 Latin America

    9.6.1 Market Estimates & Forecast, 2020-2027

    9.6.2 Market Estimates & Forecast by Type, 2020-2027

    9.6.5 Market Estimates & Forecast by End Use, 2020-2027

    9.6.4 Brazil

    9.6.4.1 Market Estimates & Forecast, 2020-2027

    9.6.4.2 Market Estimates & Forecast by Type, 2020-2027

    9.6.4.5 Market Estimates & Forecast by End Use, 2020-2027

    9.6.5 Argentina

    9.6.5.1 Market Estimates & Forecast, 2020-2027

    9.6.5.2 Market Estimates & Forecast by Type, 2020-2027

    9.6.5.5 Market Estimates & Forecast by End Use, 2020-2027

    9.6.6 Mexico

    9.6.6.1 Market Estimates & Forecast, 2020-2027

    9.6.6.2 Market Estimates & Forecast by Type, 2020-2027

    9.6.6.5 Market Estimates & Forecast by End Use, 2020-2027

    9.6.7 Rest of Latin America

    9.6.7.1 Market Estimates & Forecast, 2020-2027

    9.6.7.2 Market Estimates & Forecast by Type, 2020-2027

    9.6.7.5 Market Estimates & Forecast by End Use, 2020-2027

    10. Competitive Landscape

    10.1 Introduction

    10.2 Market Key Strategies

    10.3 Key Development Analysis

    (Expansions/Mergers & Acquisitions/Agreements/Investments)

    11. Company Profiles

    11.1 Eastman Chemical Company

    11.1.1 Company Overview

    11.1.2 Financial Updates

    11.1.3 Product/Business Segment Overview

    11.1.4 Key Developments

    11.1.5 SWOT Analysis

    11.1.6 Key Strategies

    11.2 Kuraray Co., Ltd

    11.2.1 Company Overview

    11.2.2 Financial Updates

    11.2.3 Product/Business Segment Overview

    11.2.4 Key Developments

    11.2.5 SWOT Analysis

    11.2.6 Key Strategies

    11.3 DuPont

    11.3.1 Company Overview

    11.3.2 Financial Updates

    11.3.3 Product/Business Segment Overview

    11.3.4 Key Developments

    11.3.5 SWOT Analysis

    11.3.6 Key Strategies

    11.4 SEKISUI CHEMICAL CO., LTD

    11.4.1 Company Overview

    11.4.2 Financial Updates

    11.4.3 Product/Business Segment Overview

    11.4.4 Key Developments

    11.4.5 SWOT Analysis

    11.4.6 Key Strategies

    11.5 Kingboard Chemical Holdings Limited

    11.5.1 Company Overview

    11.5.2 Financial Updates

    11.5.3 Product/Business Segment Overview

    11.5.4 Key Developments

    11.5.5 SWOT Analysis

    11.5.6 Key Strategies

    11.6 Huakai Plastic (Chongqing) Co., Ltd

    11.6.1 Company Overview

    11.6.2 Financial Updates

    11.6.3 Product/Business Segment Overview

    11.6.4 Key Developments

    11.6.5 SWOT Analysis

    11.6.6 Key Strategies

    11.7 Tiantai Kanglai Industrial Co., Ltd

    11.7.1 Company Overview

    11.7.2 Financial Updates

    11.7.3 Product/Business Segment Overview

    11.7.4 Key Developments

    11.7.5 SWOT Analysis

    11.7.6 Key Strategies

    11.8 Zhejiang Pulijin Plastic Co., Ltd

    11.8.1 Company Overview

    11.8.2 Financial Updates

    11.8.3 Product/Business Segment Overview

    11.8.4 Key Developments

    11.8.5 SWOT Analysis

    11.8.6 Key Strategies

    11.9 Chang Chun Petrochemicals Co. Ltd

    11.9.1 Company Overview

    11.9.2 Financial Updates

    11.9.3 Product/Business Segment Overview

    11.9.4 Key Developments

    11.9.5 SWOT Analysis

    11.9.6 Key Strategies

    11.10 Everlam

    11.10.1 Company Overview

    11.10.2 Financial Updates

    11.10.3 Product/Business Segment Overview

    11.10.4 Key Developments

    11.10.5 SWOT Analysis

    11.10.6 Key Strategies

    11.11 DuLite

    11.11.1 Company Overview

    11.11.2 Financial Updates

    11.11.3 Product/Business Segment Overview

    11.11.4 Key Developments

    11.11.5 SWOT Analysis

    11.11.6 Key Strategies

    12. Conclusion

    LIST OF TABLES

    Table 1 Global Polyvinyl Butyral Market, by Region, 2020-2027

    Table 2 North America: Polyvinyl Butyral Market, by Country, 2020-2027

    Table 3 Europe: Polyvinyl Butyral Market, by Country, 2020-2027

    Table 4 Asia-Pacific: Polyvinyl Butyral Market, by Country, 2020-2027

    Table 5 Middle East & Africa: Polyvinyl Butyral Market, by Country, 2020-2027

    Table 6 Latin America: Polyvinyl Butyral Market, by Country, 2020-2027

    Table 7 Polyvinyl Butyral Type Market, by Region, 2020-2027

    Table 8 North America: Polyvinyl Butyral Type Market, by Country, 2020-2027

    Table 9 Europe: Polyvinyl Butyral Type Market, by Country, 2020-2027

    Table 10 Asia-Pacific: Polyvinyl Butyral Type Market, by Country, 2020-2027

    Table 11 Middle East & Africa: Polyvinyl Butyral Type Market, by Country, 2020-2027

    Table 12 Latin America: Polyvinyl Butyral Type Market, by Country, 2020-2027

    Table 11 Polyvinyl Butyral End Use Market, by Region, 2020-2027

    Table 14 North America: Polyvinyl Butyral End Use Market, by Country, 2020-2027

    Table 15 Europe: Polyvinyl Butyral End Use Market, by Country, 2020-2027

    Table 16 Asia-Pacific: Polyvinyl Butyral End Use Market, by Country, 2020-2027

    Table 17 Middle East & Africa: Polyvinyl Butyral End Use Market, by Country, 2020-2027

    Table 18 Latin America: Polyvinyl Butyral End Use Market, by Country, 2020-2027

    Table 19 Global Polyvinyl Butyral Type Market, by Region, 2020-2027

    Table 20 Global Polyvinyl Butyral End Use Market, by Region, 2020-2027

    Table 21 North America: Polyvinyl Butyral Market, by Country, 2020-2027

    Table 22 North America: Polyvinyl Butyral Market, by Type, 2020-2027

    Table 23 North America: Polyvinyl Butyral Market, by End Use, 2020-2027

    Table 24 Europe Polyvinyl Butyral Market, by Country, 2020-2027

    Table 25 Europe Polyvinyl Butyral Market, by Type, 2020-2027

    Table 26 Europe Polyvinyl Butyral Market, by End Use, 2020-2027

    Table 27 Asia-Pacific Polyvinyl Butyral Market, by Country, 2020-2027

    Table 28 Asia-Pacific Polyvinyl Butyral Market, by Type, 2020-2027

    Table 29 Asia-Pacific Polyvinyl Butyral Market, by End Use, 2020-2027

    Table 30 Middle East & Africa: Polyvinyl Butyral Market, by Country, 2020-2027

    Table 31 Middle East & Africa: Polyvinyl Butyral Market, by Type, 2020-2027

    Table 32 Middle East & Africa: Polyvinyl Butyral Market, by End Use, 2020-2027

    Table 33 Latin America: Polyvinyl Butyral Market, by Country, 2020-2027

    Table 34 Latin America: Polyvinyl Butyral Market, by Type, 2020-2027

    Table 35 Latin America: Polyvinyl Butyral Market, by End Use, 2020-2027

    LIST OF FIGURES

    FIGURE 1 Polyvinyl Butyral Market Segmentation

    FIGURE 2 Forecast Methodology

    FIGURE 3 Porter’s Five Forces Analysis of Polyvinyl Butyral Market

    FIGURE 4 Supply Chain of Polyvinyl Butyral Market

    FIGURE 5 Share of Polyvinyl Butyral Market, by Country, 2020 (%)

    FIGURE 6 Global Polyvinyl Butyral Market, 2020-2027

    FIGURE 7 Sub-Segments of Type

    FIGURE 9 Polyvinyl Butyral Market size, by Type, 2020 (%)

    FIGURE 10 Share of Polyvinyl Butyral Market, by Type, 2020-2027

    FIGURE 17 Sub Segments of End Use

    FIGURE 18 Polyvinyl Butyral Market size, by End Use, 2020 (%)

    FIGURE 19 Share of Polyvinyl Butyral Market, by End Use, 2020-2027