Polyvinyl Butyral (PVB) Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)
During the time frame of the forecast, the polyvinyl butyral market is expected to grow at a CAGR of over 6%.
The market was negatively impacted by COVID-19. Given the pandemic situation, car manufacturing plants were temporarily halted to prevent the spread, limiting demand for PVB materials used to manufacture safe, impact-resistant automotive windscreens. However, the industry has picked up speed since 2021, and the market is expected to follow a similar trajectory throughout the projection period as well.
Key HighlightsThe polyvinyl butyral (PVB) market is partially consolidated, with a few major players dominating a significant portion of the market. Some of the key players in the market include (in no particular order): Eastman Chemical Company, Kuraray Co. Ltd., Sekisui Chemical Co. Ltd., Kingboard (Fogang) Specialty Resins Co. Ltd. (KB PVB), and Chang Chun Group.
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