Polyvinyl Butyral (PVB) Market By Product (Powder/Granulated, Films & Sheets), By Application (Building & Construction, Solar Sector, & Automotive Industry), & Region for 2024-2031

Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format

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Polyvinyl Butyral (PVB) Market Valuation – 2024-2031

The Polyvinyl Butyral (PVB) Market, and growing demand for PVB in the vehicle industry as a laminated glass protective interlayer is likely to fuel market expansion. Rapid urbanization, combined with increased demand for SUVs and sedans, is likely to accelerate the usage of PVB in automotive applications. India is expected to experience increasing demand for automobiles as a result of industrialization and government backing for vehicle manufacture. The market size surpass USD 9.82 Billion valued in 2023 to reach a valuation of around USD 14.07 Billion by 2031.

The polyvinyl butyral (PVB) market is predicted to grow due to increased car manufacturing. Demand for polyvinyl butyral resins from solar encapsulants will rise as solar energy and photovoltaic modules become more popular in both developed and developing countries. The rising demand for polyvinyl butyral (PVB) is enabling the market grow at a CAGR of 4.60% from 2024 to 2031.

Polyvinyl Butyral (PVB) MarketDefinition/ Overview

So, Polyvinyl Butyral, or PVB, is basically a liquid resin that's made by mixing polyvinyl alcohol (PVA) with some aldehydes – think butyraldehyde and formaldehyde – using a little acid to get everything to react properly. The resulting PVB films and sheets are pretty cool because they're super clear, can take a beating without breaking, are really flexible, and are surprisingly strong. You'll find it in all sorts of things, like those safety glass interlayers you see in car windshields, and it's also used as an adhesive in printing inks, wash primers, and even in some baking varnishes. Plus, it's useful in making electronic ceramics and printed circuit boards. Oh, and it sticks really well to glass and metals too! But mostly, polyvinyl butyral is used as the main ingredient for making those laminated, interlayered safety glass films and sheets that you find in buildings and cars.

The film sector accounts for more than half of total global polyvinyl butyral resin usage. In the automotive industry, laminated/interlayered safety glass based on polyvinyl butyral resin is widely used in windshield manufacturing; however, in recent years, laminated/interlayered safety glass has been used in roofing and side glass of luxury cars to reduce weight and noise. Laminated/interlayered safety glass and sheets based on polyvinyl butyral resins are also widely used in building and construction for window fabrication and to promote energy savings due to their insulating properties and noise reduction.

The world's getting more urban every day, and that's really powered up the whole construction scene – and the market for the stuff they use to build, like Polyvinyl Butyral (PVB). Think of it like thismore building means more PVB! One big reason the Global Polyvinyl Butyral (PVB) Market is growing? We're using more of that special laminated or interlayered safety glass. This is thanks to tougher rules about energy-efficient buildings and everyone wanting quieter homes and offices. So, expect to see the PVB market boom in both developed and developing countries! Plus, with more cars being made, the demand for PVB is going up too. And don't forget solar power! As we use more solar energy and photovoltaic modules, the need for those polyvinyl butyral resins in solar panels will just keep climbing.

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Will the Large-Scale Demand from The Automotive Industry Propel the Polyvinyl Butyral (PVB) Market?

The automotive world's huge appetite is really fueling the Polyvinyl Butyral (PVB) market! You see, PVB is super important for making cars, especially when it comes to safety, like in laminated glass. It's what they often use for windshields and side windows because it sticks really well, is crystal clear, and can really take a hit. Think of it as a must-have for car companies wanting to make cars safer and tougher, while still meeting those strict rules. And with the car industry getting bigger, especially with more electric cars being made, the need for awesome materials like PVB that are light but strong is only going to go up, pushing the market even higher. Plus, everyone's going crazy for those advanced driver assistance systems (ADAS) and even driverless cars! These need super high-quality materials, like PVB, to help with things like putting sensors in and making sure drivers can see everything clearly, which is just adding even more fuel to the fire! PVB is crucial for modern car safety!

The automotive world is racing towards greener, more efficient cars, and that's really fueling the PVB market. See, PVB in laminated glass doesn't just make cars safer; it also quiets things down and blocks those harsh UV rays, making rides way more comfy and efficient. And with everyone focused on cutting down on carbon, car companies are all about using lighter materials to save fuel and be kinder to the planet. PVB? It totally helps them meet those goals, making it a key player in what's next for the industry. Plus, all those cool panoramic roofs and fancy windows you see in new cars? They need super-strong interlayers like PVB. So, as car factories keep churning out more and more vehicles with these features, we're going to need a lot more PVB, keeping it a vital part of the market's expansion. The collaboration between PVB makers and car companies to create custom solutions is boosting market growth and emphasizing PVB’s critical position in the evolution of the automotive sector; you can read more here.

Will the Difficulty and Cost Associated with Recycling PVB Waste Pose a Challenge in the Demand of the Polyvinyl Butyral (PVB) Market?

Recycling PVB waste? It's not as simple as tossing it in the blue bin, and that's creating some headaches that could actually impact how much people want to use Polyvinyl Butyral. See, getting PVB out of things like windshields or fancy architectural glass is a real pain. You've got to shred the whole mess of glass and PVB, then use some pretty intense chemical or mechanical processes to pull the PVB out. That means special machines and skilled people, which drives up the cost for recyclers. And even after all that, getting the recycled PVB clean enough to actually use again? More resources, more energy, and you guessed it, even higher costs!

Getting PVB waste to recycling plants can be a real headache, which holds back how big PVB recycling can get. You know, unlike tossing out plastic bottles or paper, dealing with PVB is different. Its unique stuff, used in specific ways, so you need special ways to collect and move it. Setting up smooth collection routes and spending money on trucks and systems that work for PVB trash is tough, especially if you're in an area that's not already set up for it. Because of all this, companies might not bother with PVB recycling, meaning we keep making it from scratch, and the recycling market doesn't really take off. So, even though recycling PVB waste seems like a great idea for the planet, we gotta figure out how to make it easier and cheaper to actually do it. Only then can we really make a dent and meet the market's demand for PVB.

Category-Wise Acumens

Will the Polyvinyl Butyral PVB Films and Sheets for it’s Direct Application in Laminated Glass Production Drive the Segment?

Think of PVB films and sheets as the key ingredient in making laminated glass – it’s a big reason why that part of the market is doing so well! Laminated glass, which is basically layers of glass glued together with PVB, is everywhere these days, especially in cars and buildings. Why? Well, PVB films and sheets bring some seriously important benefits to the table, like keeping things safe when there’s an impact, reducing noise, and blocking out harmful UV rays. These features make it a must-have for good quality laminated glass. As we all want safer and more energy-efficient stuff, expect to see even more PVB films and sheets being used, particularly in things like windshields, side windows, and the glass in our buildings. PVB’s ability to make glass stronger and look better makes it pretty important in a bunch of different areas, and that’s what’s helping the market grow.

You know, all these new rules about green building and building in a way that's good for the planet? It's really making PVB films and sheets super popular in architecture. See, laminated glass – the kind with PVB in the middle – helps buildings use less energy. It's like having a built-in insulator, blocking heat from the sun and keeping things cooler inside, which is a big deal, especially when the weather's crazy. And with all the huge, clear, sometimes even curved glass walls we see in modern buildings, you need something strong like PVB to keep everything safe and lasting a long time. That's why they're making better PVB films now, with improvements like better stickiness and super clear appearance, which is fueling the demand even more. As everyone focuses on building safer, better-looking, and more sustainable buildings, PVB films and sheets are going to be key ingredients for laminated glass, and that means the PVB market is only going to keep growing!

Will the Extensive Use of Laminated Glass in the Building and Construction Industry Drive Significant Demand for the Polyvinyl Butyral (PVB) Market?

You know, that Polyvinyl Butyral (PVB) market is really booming, mostly because everyone's using laminated glass like crazy in building and construction. Laminated glass, with its PVB interlayers, is just so much better – it's safer, lasts longer, and does so much more. Think about itthose interlayers are the reason the glass doesn't shatter into a million pieces when something hits it. That impact resistance is a huge deal for keeping buildings safe. Especially in places where you get hurricanes or earthquakes, having safe glass structures is super important. Plus, PVB interlayers help block out noise and protect against UV rays, which means buildings are more energy-efficient and comfy to be in. All these things make laminated glass a must-have for homes and offices, which is why the demand for PVB keeps going up.

These days, everyone's looking for ways to build greener, which means we're seeing a lot more laminated glass with PVB interlayers. With energy efficiency being such a big deal in modern design, the great insulating properties of this glass really help cut down on heating and cooling, saving energy and money. And that's a big win, especially with everyone trying to lower carbon emissions and be more environmentally friendly. Plus, laminated glass is super versatile! It lets architects and designers create amazing, visually stunning buildings using big, clear panels that let in lots of natural light while still keeping things safe and performing well. As PVB technology keeps getting better – think clearer glass, more color choices, and stronger adhesion – we're finding even more ways to use laminated glass in construction. All this is fueling the demand for PVB in the building industry, showing just how important the Building and Construction sector is to the PVB market.

Gain Access to Polyvinyl Butyral (PVB) Market Report Methodology

Country/Region-wise Acumens

Will the Rapid Industrialization and Urbanization Accelerate the Growth in the Asia Pacific Region?

The Asia Pacific region is booming! All that rapid growth and cities popping up everywhere are really fueling the market for Polyvinyl Butyral (PVB). Think about itChina, India, and Southeast Asia are seeing massive economic growth, which means tons of new infrastructure projects - homes, offices, factories, you name it. And what's a key ingredient in all that construction? PVB! It's usually found in laminated glass and is crucial for building because it's safe, strong, and even looks good. Basically, these building projects need top-notch materials that are super safe and save energy, and that makes PVB a great fit. So, all this urban sprawl and the push for smart cities are seriously boosting the demand for PVB in the region. It's a construction party!

The Asia Pacific auto scene is really taking off! We're seeing more cars being made and more people wanting to buy them. Now, PVB is a key ingredient in making that super-safe laminated glass you find in windshields and windows – stuff that's super important for keeping folks safe on the road. Because the automotive industry here is growing, especially with all the buzz around electric vehicles (EVs) and new tech, the need for PVB is skyrocketing. Plus, as cities get bigger and bigger, we need better public transport, like trains and buses using laminated glass, which pushes the market up even further. All this – growing factories, booming cities, and more building and car-making – means the market for PVB is absolutely buzzing in Asia Pacific!

Will the Rise in Electric Vehicles Drive the Polyvinyl Butyral (PVB) Market in Europe?

Europe's Polyvinyl Butyral (PVB) market is looking strong, and it's all thanks to the automotive and construction industries. You see, Europe's car industry is a big deal – one of the biggest and most cutting-edge in the world – and they're really serious about safety, new ideas, and being eco-friendly. Now, PVB is super important for making that laminated safety glass they use in windshields and windows; it's vital for keeping cars safe and performing well. And because Europe has really strict safety rules, they require top-notch laminated glass, which means they need a lot of PVB. Plus, with more electric vehicles on the road (which use fancy glass to be lighter and more efficient), the demand for PVB in the car world is only going to get bigger.

Europe's construction scene really shapes the PVB market, with a big focus on going green and saving energy. Think about rules from the European Union, like the Energy Performance of Buildings Directive (EPBD), which push for materials that make buildings better and more eco-friendly. That's where laminated glass with PVB interlayers comes in, helping meet those goals with awesome thermal insulation, UV protection, and blocking out noise. Plus, all those cool buildings with massive glass fronts and see-through designs? They need super-strong safety glass, which means more PVB! And with cities growing and new stuff being built all the time across Europe, the demand for PVB just keeps climbing in construction. It's no wonder the region's a huge player in the market.

Competitive Landscape

The global polyvinyl butyral (pvb) market is a dynamic and competitive space, characterized by a diverse range of players vying for market share. These players are on the run for solidifying their presence through the adoption of strategic plans such as collaborations, mergers, acquisitions, and political support.

The organizations are focusing on innovating their product line to serve the vast population in diverse regions. Some of the prominent players operating in the market include

  • Eastman Chemical Company
  • Chang Chun Petrochemical Co., Ltd.
  • Sekisui Chemicals Co., Ltd.
  • Kuraray Co., Ltd.
  • Huakai Plastic Co., Ltd.
  • King board (Fogang) Specialty Resins Limited
  • Everlam
  • Tiantai Kanglai Industrial Co., Ltd.
  • Dulite Co., Limited
  • Guangzhou Aojisi New Material Co., Ltd.
  • Qingdao Haocheng Industrial Co., Ltd
  • Jiangxi RongXin New Materials Co., Ltd.
  • HuzhouXinfu New Materials Co., Ltd.
  • Zhejiang Pulijin Plastic Co., Ltd.
  • Genau Manufacturing Company LLP

Latest Developments

  • In May 2022, Eastman Chemical Company, in collaboration with SEEN AG, unveiled Saflex FlySafe 3D, a new polyvinyl butyral (PVB) interlayer for laminated glass that is particularly successful at preventing bird crashes while preserving the view and attractiveness of glass facades.
  • In March 2021, Eastman Chemical Company said that it will invest in modernizing and extending its extrusion capabilities to produce interlayer product lines at its Springfield, Massachusetts, production facility. The investment will increase Eastman’s supply capacity to meet regional and global demand for Saflex polyvinyl butyral (PVB) products in the automotive and architectural sectors.
  • In September 2020, Eastman launched the Saflex Solar Connect polyvinyl butyral (PVB) interlayer, a novel new interlayer for vehicle laminated glass that combines a heads-up display (HUD) with acoustic and solar capabilities.

Report Scope

REPORT ATTRIBUTESREPORT ATTRIBUTES
Study Period

2018-2031

Growth Rate

CAGR of ~4.60% from 2024 to 2031

Base Year for Valuation

2023

Historical Period

2018-2022

Forecast Period

2024-2031

Quantitative Units

Value in USD Billion

Report Coverage

Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis

Segments Covered
  • Product
  • Application
Regions Covered
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
Key Players

Eastman Chemical Company, Chang Chun Petrochemical Co., Ltd., Sekisui Chemicals Co., Ltd., Kuraray Co., Ltd., Huakai Plastic Co., Ltd., King board (Fogang) Specialty Resins Limited, Everlam, Tiantai Kanglai Industrial Co., Ltd., Dulite Co., Limited, Guangzhou Aojisi New Material Co., Ltd., Qingdao Haocheng Industrial Co., Ltd

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Polyvinyl Butyral (PVB) Market, By Category

Product

  • Powder/Granulated
  • Films & Sheets

Application

  • Building & Construction
  • Solar Sector
  • Automotive Industry

Region

  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East & Africa

Research Methodology of Market Research

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