Polyvinyl Butyral Market Share, Size, Trends, Industry Analysis Report, By Application (Films & Sheet, Paints & Coating, Adhesive & Sealants, Printing Inks, and Others); By End-Use; By Region; Segment Forecast, 2023-2032

Polyvinyl Butyral Market Share, Size, Trends, Industry Analysis Report, By Application (Films & Sheet, Paints & Coating, Adhesive & Sealants, Printing Inks, and Others); By End-Use; By Region; Segment Forecast, 2023-2032

The global polyvinyl butyral market size is expected treach USD 6.62 billion by 2032, according ta new study by Polaris Market Research. The report “Polyvinyl Butyral Market Share, Size, Trends, Industry Analysis Report, By Application (Films & Sheet, Paints & Coating, Adhesive & Sealants, Printing Inks, and Others); By End Use; By Region; Segment Forecast, 2023-2032” gives a detailed insight intcurrent market dynamics and provides analysis on future market growth.

Extensive rise in the application of PVB films in the automotive sector owing tits several beneficial properties, including high durability, heat & noise reduction, and better chemical stability, along with the surging consumer awareness regarding its ability timprove indoor air quality is among the major factors expected tdrive the global market growth. Due tits highly powerful anti-shocking and anti-break-in properties, laminated glasses made of PVBs are widely used in buildings tprevent accidents and increase focus on innovating more enhanced products with better capabilities, resulting in high product demand.

For instance, in June 2022, Avient Corporation announced the launch of its new engineered polymer solutions that would improve the sustainability of automotive solutions. The twnew grades added tthe reSound REC thermoplastic elastomer portfoliare formulated with polyvinyl butyral.

In the last few years, the utilization of laminated glasses has grown drastically in both residential and non-residential buildings, and high product penetration as an interlayer in various end-use industries, including architectural applications, acts as an emerging trend in the market. Moreover, the exponential growth in many government infrastructural developments plan, including hospitals, office buildings, government accommodation, and defense infrastructure, has been fueling the demand and adoption of PVBs in the construction industry.

Due tthe adhesive nature of polyvinyl butyral glue film, even in the glass breaks, fragments keep binding on thin film & the surface of glass particles remains smooth and alsclear, which helps prevent pieces from falling or even penetrating. The sound-insulation effect of innovative PVB interlayer films is one of the crucial factors that evaluate the quality of the applications where the product is being applied, resulting in high product penetration globally.

Polyvinyl Butyral Market Report Highlights

Films & sheet segment accounted for significant global market share in 2022, on account of its higher adoption as an interlayer in the manufacturing of numerous types of glasses for various industries

Electricals & electronics segment is expected twitness fastest growth during the projected period, which is mainly driven by increasing use of PVB films due tits convenient and are highly economical

Asia Pacific region dominated the global market in 2022, owing tthe continuous rise in the demand for consumer goods and significant growth in the photovoltaic industry across major developing countries in the region

The global key market players include Eastman Chemical, Genau Manufacturing Company, Jiangxi RongXin, King Board Specialty, & Zhejiang Pulijin Plastic

Polaris Market Research has segmented the polyvinyl butyral market report based on application, end-user, and region:

Polyvinyl Butyral, Application Outlook (Revenue - USD Billion, 2019 - 2032)

Films & Sheet

Paint & Coating

Adhesive & Sealants

Printing Inks

Others

Polyvinyl Butyral, End-User Outlook (Revenue - USD Billion, 2019 - 2032)

Automotive

Building & Construction

Electrical & Electronics

Others

Polyvinyl Butyral, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

North America

U.S.

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Latin America

Argentina

Brazil

Mexico

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa