The Global Polybutyl Butyral Market is forecast to reach USD 6.12 Billion by 2027, according to a new report by Reports and Data. Polyvinyl Butyral (PVB) is a solid, highly viscous resin, comes with clear & colorless, amorphous thermoplastic formation. PVB is processed by the condensation reaction of polyvinyl alcohol (PVOH) and butyraldehyde. This is the reason polyvinyl butyral can be considered to be an acetal. The final processing of the polymer include PVB, polyvinyl alcohol, and polyvinyl acetate in its mixture. The PVB resin is well known for its excellent durability, flexibility, tough resistance, film-forming properties, and good adhesion properties with its superior characteristics of the UV resistance. The continuous laminated glass with PVB interlayers are expected to drive the demand throughout the forecast period primarily. Specialty glass used in the manufacturing of automotive & architectural purposes is the most prominent propeller of the market.
The Asia Pacific region is expected to retain its dominance in the global market. The market is North America is growing at apace due to the extensive use of Polybutyl Butyral in various end-use sectors. China and India are some of the fastest-growing markets in the world, and the United States and China hold some of the most prominent players in the market.
Key participants include:
Eastman Chemical Company, Kuraray Co., Ltd, Sekisui Chemical, Genau Manufacturing Company LLP, Huakai Plastic Co., Ltd., Tiantai Kanglai Co., Limited, Chang Chung Petrochemicals Co. Ltd, Willing Lamiglass Materials, EVERLAM N.V., and KB PVB, among others.
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Further key findings from the report suggest
- Polyvinyl butyral interlayer thin films come with uniform thickness and provide unique characteristics such as high impact resistance, penetration resistance, sound insulation, and UV protection. Moreover, PVB film is capable of holding the debris from shattered glasses which protects the passengers in case of an accident. Currently, most automotive manufacturers incorporate windshields made of PVB laminated glass. Additionally UV protected sunroof, windshields, side glasses have been highly in demand.
- The photovoltaic circuit in the solar panels is formed on a sheet of glass using thin-film patterning techniques. Polyvinyl butyral are placed directly on the circuit to isolate it completely. The sandwich form of laminated glass encapsulates the circuit and protects it from the environment. Growing concern about alternative sources of electricity system has raised the practice of solar panel usage.
- Growing penetration of the online retailing businesses for the chemicals and materials, especially in the emerging nations in the Asia Pacific, is helping the market grow by broadening the outreach in the areas where the offline vendors are unavailable. Also, due to the non-involvement of the distributors in the supply chain model, the profit margin is way more than that of the offline retailing distribution channel. The online retailing is expected to gain a market share of 26.2% by 2027.
- North America is forecasted to witness significant growth in the overall market due to its increasing demand for Polybutyl Butyral based glass interlayers in automotive & construction industries, having grown at a CAGR of 6.9% during the forecast period. US possesses the highest market share in this region and some of the vital players of the market.
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For the purpose of this report, Reports and Data have segmented the global Polybutyl Butyral Market on the basis of the application, sales channel, type, end-use verticals, and region:
Application Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2016-2027)
- Glass & Film Processing
- Ceramic Binding
- Dye & Adhesives
- Primer & Coating
Sales Channel Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2016-2027)
- Online Retailing
- Offline Retailing
Type Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2016-2027)
End-Use Verticals Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2016-2027)
- Automotive Industry
- Building & Construction
- Solar Panel Modules
- High Performance Ceramic
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Regional Outlook (Volume: Kilo Tons; Revenue: USD Billion; 2018-2028)
- North America
- Asia Pacific
- Latin America
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