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The polyvinyl butyral market size is forecast to increase by USD 1.47 billion at a CAGR of 6.3% between 2023 and 2028.
The polyvinyl butyral industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The films and sheets segment is estimated to witness significant growth during the forecast period.
The global market for polyvinyl butyral (PVB) films and sheets is experiencing significant expansion due to their superior qualities in various industries. PVB films are extensively used in packaging applications, protecting graphics and ensuring adhesion for diverse products, including food, beverages, pharmaceuticals, and electronics. Additionally, they are employed in manufacturing bags, labels, and shrink wrap. In the medical sector, PVB films are utilized for producing surgical gloves, IV bags, and blood bags. Moreover, they find extensive usage in building materials, such as roofing, siding, and windows. The automotive and construction industries' expansion is a primary driver for the global PVB market's growth.
In the automotive segment, PVB films are utilized for laminated safety glass, offering noise reduction and safety benefits. In infrastructure development, PVB films are used in construction services for bonding materials and encapsulation in solar photovoltaic modules. Furthermore, they are essential components in aesthetic bonding solutions for laminated glass in buildings and railways. The clean energy sector's increasing investment in solar cells and thin films also contributes to the market's growth. PVB films are used as encapsulation materials, ensuring the longevity and efficiency of these renewable energy solutions. The paper industry and electrical & electronics industry also use PVB films for various applications, including insulation and protective coatings.
Emerging economies' infrastructure spending and the photovoltaic industry's advancements further fuel the market's expansion. Safety concerns in various industries and processing innovations also create opportunities for PVB films' utilization in UV protection and paints & coatings.
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The Films and sheets segment was valued at USD 2.67 billion in 2018 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 35% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The polyvinyl butyral (PVB) market is experiencing significant growth, particularly in the Asia Pacific (APAC) region. The expansion of the automobile and construction sectors in APAC is driving the demand for PVB-based adhesives and resins. In the automobile industry, PVB resins are utilized for manufacturing weather-resistant windshields and are integral to metallic paints. The construction sector's increasing requirement for laminated films and sheets further boosts the market's growth. The electronics industry's proliferation of metallic parts in devices and the automobile industry's shift towards lightweight materials also contribute to the market's expansion.
Additionally, PVB resins are employed in various applications, such as solar photovoltaic modules, noise reduction, and safety, further expanding the market's reach in the APAC region. The growth of emerging economies, infrastructure spending, and the increasing demand for aesthetic bonding solutions, laminated glass, and encapsulation materials in various industries also create lucrative opportunities for market participants.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The polyvinyl butyral market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the polyvinyl butyral market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, polyvinyl butyral market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Arpadis Benelux NV - Polyvinyl butyral resins serve as essential raw materials in the production of laminated safety glass sheets for various industries, including automotive and architecture. These resins offer superior strength and flexibility, enhancing the glass's safety and durability. The versatile applications of laminated safety glass extend beyond automobiles and buildings, making polyvinyl butyral resins an indispensable component in numerous sectors. By utilizing advanced manufacturing processes, our company delivers high-quality resins that meet stringent industry standards, ensuring optimal performance and sustainability.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Polyvinyl Butyral (PVB) adhesives have gained significant traction in various industries due to their unique properties and versatility. These adhesives, derived from PVB resins, have been instrumental in addressing the evolving needs of numerous sectors, including clean energy, automobile production, and construction. In the clean energy sector, PVB-based adhesives have been extensively used in the manufacturing of solar photovoltaic modules. These adhesives play a crucial role in bonding the solar cells to the synthetic substrates, ensuring optimal performance and durability. The thin films of PVB provide essential functions such as encapsulation material, UV protection, and light transfer, enhancing the overall efficiency of the solar modules.
The automotive segment has also embraced the use of PVB adhesives, particularly in the production of laminated glass. These adhesives offer superior safety features by holding the glass layers together during collisions, reducing the risk of shattering and minimizing potential injuries. Furthermore, PVB adhesives are utilized in the aesthetic bonding solutions for various automotive applications, contributing to the overall enhancement of vehicle design and functionality. The construction industry has witnessed a surge in the adoption of PVB adhesives due to their ability to provide robust bonding materials for various applications. In infrastructure development, PVB adhesives are used extensively in the construction of airports, railways, and other large-scale projects, ensuring the structural integrity of the buildings and reducing the risk of noise pollution.
The manufacturing sectors, including the paper industry and electrical & electronics industry, have also benefited from the use of PVB adhesives. In the paper industry, PVB adhesives are employed for bonding purposes, while in the electrical & electronics industry, they are used for insulation and encapsulation of sensitive components. Processing innovations in the PVB industry have led to the development of advanced adhesive formulations, catering to the diverse requirements of various industries. These innovations include the integration of UV protection and improved bonding strength, enhancing the overall performance and durability of the adhesives. The emergence of emerging economies has led to an increased demand for PVB adhesives due to their wide applicability and cost-effectiveness.
These economies are investing heavily in infrastructure development, clean energy, and automotive manufacturing, creating significant opportunities for the growth of the PVB market. The role of PVB adhesives extends beyond their traditional applications, as they are increasingly being used in various industries to address specific challenges. For instance, in the FMCG industry, PVB adhesives are used for labeling applications, ensuring the longevity and durability of product labels. In conclusion, the market is witnessing robust growth due to the diverse applications and unique properties of PVB adhesives. From clean energy and automotive to construction and manufacturing sectors, PVB adhesives are providing innovative solutions, enhancing performance, and contributing to the overall growth and development of various industries.
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Market Scope |
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Report Coverage |
Details |
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Page number |
166 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6.3% |
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Market growth 2024-2028 |
USD 1.47 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
5.75 |
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Key countries |
US, China, Japan, India, and Germany |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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