Global Polyvinyl Butyral (PVB) Market – Size, Share, Growth, Trends and Forecast, 2015 – 2021
Sarasota, FL -- (SBWIRE) -- 01/05/2017 -- Global Polyvinyl Butyral (PVB) Market For Films & Sheets, Paints & Coatings, Adhesives and Other Applications In Automotive, Construction and Photovoltaic: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021.
The report covers forecast and analysis for the polyvinyl butyral market on a global and regional level.The global polyvinyl butyral market was valued at approximately USD 3.0 billion in 2015 and is expected to reach approximately USD 3.9 billion by 2021, growing at a CAGR of around 5.4% between 2016 and 2021.The study includes drivers and restraints for the polyvinyl butyral market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the polyvinyl butyral market on a global level.
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In order to give the users of this report a comprehensive view on the polyvinyl butyral market, we have included competitive landscape in the market and an analysis of Porter's Five Forces model for the polyvinyl butyral market has also been included. The study encompasses a market attractiveness analysis, wherein end-user segments and application segments are benchmarked based on their market size, growth rate and general attractiveness.
Polyvinyl butyral market is expected to exhibit high gains in light of its extensive usage in varnishes, paints & coatings, sheets, glass, films, adhesives, printing & inks. This is mainly due to its capability to improve their chemical & physical properties including strong binding, more optical clarity and strong adhesive. Moreover, increasing population, economies development coupled with industrial growth are further anticipated to positively impact polyvinyl butyral market demand in the near future. However, presence of application specific substitutes such as eva films may curb the market growth in the near future. Nonetheless, increasing usage of polyvinyl butyral in photovoltaic solar cells coupled with high investment initiatives in the emerging economies mainly China, Japan, India and Indonesia is projected to open up new growth avenues in the years to come.
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The polyvinyl butyral is widely used in various applications such as films & sheets, paints & coatings, adhesives and others. Films & sheets segment was largest segment in terms of revenue owing to increasing use of PVB sheets in automotive applications across the globe. PVB is widely used in paints and coating applications owing to its strong adhesiveness to metals, and good bond ability to surface coatings. Thus, paints & coatings are expected to show significant growth in the years to come.
Based on end-user, the polyvinyl butyral market can be segmented into automotive, construction and photovoltaic. Automotive was the leading segment in the market and is expected to show strong growth in the near future. This is mainly due to increasing usage of PVB in laminated safety glass for automobile windshields. Construction is another leading segment in the polyvinyl butyral market. PVB has gained acceptance among manufacturers of photovoltaic thin film solar modules. Thus, photovoltaic segment is an important segment of polyvinyl butyral market and is expected to show substantial growth within the forecast period.
The study provides a decisive view on the polyvinyl butyral market by segmenting the market based on end-users, application and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2015 to 2021. Based on end-users the market is segmented into automotive, construction and photovoltaic. Key applications market covered under this study includes films & sheets, paints & coatings, adhesives and others. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America and Middle East and Africa with its further bifurcation into major countries including U.S. Germany, France, UK, China, Japan, India and Brazil. This segmentation includes demand for polyvinyl butyral based on individual applications in all the regions and countries.
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The report also includes detailed profiles of end players such as DuPont, Kuraray, Eastman Chemical Company and Sekisui Chemical, Lifeng Group, Specialty Resins Co LTD (Hongkong), Chang Chun Petrochemicals Co., Ltd., Zhejiang Bisheng Plastics Co., Ltd., and Sekisui Chemicals Co., Ltd. The detailed description of players includes parameters such as company overview, financial overview, business strategies and recent developments of the company.
This report segments the global polyvinyl butyral market as follows:
Global Polyvinyl Butyral Market: End-Users Segment Analysis
Global Polyvinyl Butyral Market: Application Segment Analysis
Films & Sheets
Paints & Coatings
Global Polyvinyl Butyral Market: Regional Analysis
Middle East and Africa
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