Global PVB Interlayers Market is forecast to register a CAGR of 7.5% to reach USD 5 Billion by 2025.
Polyvinyl butyral (PVB) is a resin valued for its properties of strong binding, optical clarity, and adhesion to many compounds. PVB interlayers are used in the manufacture of safety glass in the automotive and construction industries and in photovoltaic cells.
The growth of the automotive industry and construction boom are expected to drive market growth. Manufacturers are making inroads into the medical industry as the use of PVB interlayers keeps products sterile and discourages the growth of microorganisms.
Market growth is expected to be driven by the demand for renewable energy due to widespread international support for renewable energy production. The traditional utility of PVB interlayers in the creation of safety glass is only growing with the expansion of the automotive and construction industries.
|Forecast Period||2022 to 2030|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Type, Application and End-Use|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||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 Market Opportunities||The demand for renewable energy due to widespread international support for renewable energy production.|
|Key Market Drivers||The growth of the automotive industry and construction boom are expected to drive market growth.|
Frequently Asked Questions (FAQ) :
By 2025, the valuation would be USD 5 billion.
The Structural PVB interlayer rules the market.
The automotive segment dominates.
The Asia Pacific region fetches maximum revenue.
The PVB interlayer market would attain a CAGR of 7.5% during the forecast period (2019-2025).