PVB Interlayers Market to Witness Expansion

Stratview Research has published a new report titled “PVB Interlayers Market” which is segmented by Type (Standard Polyvinyl Butyral and Structural Polyvinyl Butyral), by End-Use Industry Type (Automotive, Building & Construction, and Photovoltaic), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).

As per the study, PVB Interlayers market is likely to grow from USD 3.74 billion in 2021 to USD 6.31 billion by 2028 at a CAGR of 7.67% during the forecast period of 2022-2028. The growth of the market for PVB interlayers is mainly attributed to the increasing production of vehicles and imposition of mandatory safety glass regulations. Further, their properties, such as optical clarity, strong bonding, toughness, flexibility, and adhesion to various surfaces make them the ideal claimant to be extensively used in various end-use industries, such as automobile, construction, and photovoltaic sectors, majorly for protection from projectiles, acoustic insulation, UV insulation, and safety & security. All these factors are likely to underpin the growth of the PVB interlayers market during the forecast period.

Report Highlights

This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the market dynamics of the industry. It provides thorough analysis of the market segments which include products, applications, and competitor analysis.

The market is bifurcated into various segments. Below given is the segment-wise analysis -

Based on the type, the market is segmented as standard polyvinyl butyral and structural polyvinyl butyral. The standard polyvinyl butyral segment captured the larger share of the market in 2020, and is expected to govern the market during the forecast period as well. The growth of the segment is attributed to the extensive use of standard PVB interlayers in more than 70% of various laminated glass applications. The major advantages offered by these interlayers are enhancement in the safety and security performance and improvement in the acoustic and UV protection performance of glass.

Based on the end-use industry type, the PVB interlayers market is segmented as automotive, building & construction, and photovoltaic. Driven by the changing trends in automotive production, increasing focus on safety, and growing demand for energy & electricity along with the production of electric vehicles, the automotive industry dominates the market.

Which Region is expected to remain the largest market?

In terms of regions, Asia-Pacific is estimated to be the largest-growing market for PVB interlayers during the forecast period, with China, Japan, India, and South Korea being the major countries with lucrative growth opportunities. The growth of the market is owned by the growth in production of electric vehicles, building & construction projects, and solar photovoltaic installations in China, India, Japan, South Korea, which is generating huge demand for PVB interlayers and the presence of a large number of PVB interlayer manufacturers in the Asia-Pacific region. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

Who are the Key Players in the Market?

This report provides market intelligence in the most comprehensive way. It also provides critical insights into the key players active in the market, that will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key players activen in the PVB Interlayers Market:

• Eastman Chemical Company
• Kuraray Co., Ltd
• SEKISUI CHEMICAL CO., LTD
• Everlam
• Genau Manufacturing Company
• KB PVB
• Chang Chun Group
• Dulite
• Huakai Plastic (Chongqing) Co., Ltd
• Willing Lamiglass Material GmbH (W.M.C)
• Jiangsu Darui Hengte Technology
• Tiantai Kanglai Industrial

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