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Polyvinyl Butyral (PVB) Market to Reach USD 3.04 Billion by 2021: MarketsandMarkets

Published on 2016-09-02. Author : SpecialChem

The report "Polyvinyl Butyral (PVB) Market by Application (Film & Sheets, Paints & Coatings, Adhesives), End-Use Industry (Construction, Automotive, Photovoltaic), and Region - Global Forecasts to 2021", The market size of PVB is estimated to grow from USD 2.12 Billion in 2015 to USD 3.04 Billion by 2021, at a CAGR of 6.83%. Growing population, vast developed as well as developing economies, favorable investment policies, and government initiatives to promote industrial growth are the key drivers of the market.


Automotive: The largest end-use industry of the PVB market

Asia-Pacific: The Largest Market for PVB


  • Asia-Pacific is currently the largest market for PVB. China is the largest market for PVB in the region. 

    The following factors drive the market for PVB in Asia-Pacific:
    • Presence of major manufacturers of PVB resin in the region
    • Growing end-use industries, such as automotive and construction, in major countries such as the China, South Korea, and Japan.

Automotive: The largest end-use industry of the PVB market


PVBs are used in various end-use industries such as construction, automotive, and photovoltaic. These are the main end-use industries considered in the report. The automotive end-use industry is estimated to account for the largest market share, in terms of value and volume, followed by the construction and photovoltaic industries, in 2016. The photovoltaic industry is estimated to register the highest CAGR between 2016 and 2021, in terms of value and volume.

Films & sheets: The largest and fastest-growing application of the PVB market


PVB resins are used in various applications such as films & sheets, paints & coatings, adhesives, and others. These are the main applications considered in the report. The films & sheets application is estimated to account for the largest market share, in terms of value and volume, followed by paints & coatings and adhesives applications, in 2016. The films & sheets application is estimated to register the highest CAGR between 2016 and 2021, in terms of value and volume.

The key players in the PVB market are Eastman Chemical Company (U.S.), Kuraray Co., Ltd. (Japan), Sekisui Chemical Co., Ltd. (Japan), Huakai Plastic (Chongqing) Co. Ltd. (China), Chang Chun Petrochemicals Co. Ltd. (China), Kingboard Chemical Holdings Ltd. (China), Everlam (Belgium), DuLite PVB Film (Taiwan), Tiantai Kanglai Industrial Co., Ltd. (China), and other local players.

About MarketsandMarkets


MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. M&M specializes in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Its 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

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Source: MarketsandMarkets
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