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Increasing Demand for Advanced Coating and Premiers to Promote Polyvinyl Butyral Market Growth

Gopika Ladda
Increasing Demand for Advanced Coating and Premiers to Promote Polyvinyl Butyral Market Growth

Global Polyvinyl Butyral Market - Overview

The increase in demand for strong binding resins has increased the demand for polyvinyl butyral which is a specialty resin substantially over the past few years. Market reports associated with the chemicals and materials sector made accessible by Market Research Future along with published reports on other sectors have been lately put out along with a report on this industry. The global polyvinyl butyral market is projected to reach over USD 3.82 billion in terms of value by 2030, growing with the CAGR of 5.8% during the forecast period.

The use of polyvinyl butyral primarily as a raw material for laminated safety glass sheet in architectural and automotive applications is responsible for the expansion of the market in the forecast period. The consumption rate of PVB in installation of solar panels is another crucial factor responsible for the development of the market. The robust growth pace of the paint & coatings industry is also creating a powerful impetus to the market’s growth. The polyvinyl butyral market is also expected to positively leverage the trend of urbanization to boost the growth levels that can be achieved over the forecast period.

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Global Polyvinyl Butyral Market – Prominent Players

Some of the leading players in the global polyvinyl butyral market are Eastman Chemical Company (US), Kuraray Co., Ltd (Japan), DuPont (US), Sekisui Chemical Co., Ltd (Japan), Kingboard Chemical Holdings Limited (Hong Kong), Tiantai Kanglai Industrial Co., Ltd (China), Zhejiang Pulijin Plastic Co., Ltd (China), Chang Chun Petrochemicals Co. Ltd (China) , Everlam (Belgium), DuLite (US), and Anhui Wanwei Group Co., Ltd (China).

Drivers and Restrains Impacting Polyvinyl Butyral Market

The spreading awarness about benefits of polyvinyl butyral resin, such as; good elasticity, excellent binding efficiency, flexibility, adhesion, and toughness, can contribute to the growth of the polyvinyl butyral market. The availability of a range of polyvinyl butyral resin for both industrial and commercial sectors can support the upsurge of the polyvinyl butyral market in the years to come. The increasing application of polyvinyl butyral as films for lamination, printing ink, adhesive, coatings & premiers, and binders for ceramics and metal powders, thus creating the rise in demand for polyvinyl butyral that boost manufacturers to increase their production capacities can favor the polyvinyl butyral market in the year to come. Several companies are, such as; Suzhou in China, are taking initiatives to serve the need for global customer across several region, which, in turn, can promote the upsurge of the market. The increase in automotive windshield application of polyvinyl butyral can favor the market.

Polyvinyl butyral (PVB) finds significant utility in laminated safety glass for the production of automotive windshields. Shift in consumer trends from personal vehicle ownership to shared mobility services has curbed sales of automotive vehicles. Though, the surge in global middle-class consumers and the positive economic outlook have contributed to the increase in worldwide automotive sales, which, in turn, is expected to cast positive impact on the market in the years to come. These trends are likely to drive the application of polyvinyl butyral in the production of automotive windshield over the forecast period. In the construction sector, polyvinyl butyral is deployed as security glass and laminated safety. The expansion of infrastructure and construction activities along the globe can promote the polyvinyl butyral industry in the forecast term.

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Polyvinyl Butyral Market  - Segments:

The segment study of the global polyvinyl butyral market is studied on the basis of application and end use industry.

The application-based segments of the polyvinyl butyral market are glass lamination, composite fiber binder, ceramic binder, and wash primer among others. The segment of wash primer is expected to garner decent profit owing to the increasing traction for such products.

The end use industry-based segments of the polyvinyl butyral market are solar energy, automobile, and paint and coatings among others. The segment of solar energy can garner high revenue by end of the assessment period due to the increasing in the number of installments of solar panels to meet growing demand for clean energy.

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Global Polyvinyl Butyral Market -Regional Analysis

Industry/ Innovation/ Related News

In June 2018, Emerald Kalama Chemical, producer of technologically advanced specialty chemicals expanded its plasticizer range with the introduction of Vitroflex B, a non-phthalate plasticizer. The new product has been designed to enhance the performance characteristics and be a more environmentally friendly alternative to chlorinated paraffin.

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Gopika Ladda
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