The global polyvinyl butyral (PVB) market is expected to reach USD 4.06 billion by 2024, according to a new report by Grand View Research, Inc. Rising demand for the product as they provide superior resistance to weather & moisture, attractive colors, optical clarity, strong binding, excellent adhesion, flexibility and toughness will fuel industry growth over the next eight years.
Rising government spending on solar power and construction infrastructure along with the growing population will augment industry expansion. Growing consumption of PVB films & sheets in thin film solar modules on account of its low cost and environment-friendly properties will drive market size over the next eight years.
Paints & coatings application segment is expected to witness substantial revenue gains at a CAGR of 6.3% from 2016 to 2024. The product acts as a protector and corrosion preventer for various metals including steel, iron, zinc and aluminum. Moreover, properties including superior adhesion and resistance to UV radiation will induce the demand for the product over the forecast period.
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summary of this report @ http://www.grandviewresearch.com/industry-analysis/polyvinyl-butyral-pvb-market
Global polyvinyl butyral (PVB) market revenue, by end use, 2013 - 2024 (USD Million)
·
The global PVB market size was 369.8 kilo tons
in 2015 and is expected to show high gains in light of rapid infrastructural
development in China, India, Mexico, Saudi Arabia, Brazil, Singapore, Thailand,
Indonesia and the U.S.
·
PVB adhesives will witness considerable volume
gains at a CAGR of 5.7% from 2016 to 2024. Growing usage of these adhesives
owing to their superior strength, adhesion and binding properties in various
environmental conditions is expected to stimulate industry growth. Furthermore,
rising usage in the paper, packaging, automotive, construction, assembly,
manufacturing, woodwork and consumer products will fuel industry growth over
the forecast period.
·
North America accounted for 23.4% of the overall
volume share in 2015 and is expected to witness gains in light of rising
construction activities in the U.S. coupled with growing automobile
manufacturing in Mexico.
·
Latin America will show significant revenue
increase at a CAGR of 7.4% from 2016 to 2024 owing to rapid economic growth
along with increasing vehicle production in Brazil. Increasing government
efforts to promote solar energy generation will stimulate product demand over
the forecast period.
·
PVB industry is dominated by major participants
including include Eastman Chemical Company, DuPont, Chang Chun Petrochemical,
Sekisui Chemicals and Kuraray. Companies are expanding their production
capacities to cater to the growing global demand for the resin. For instance,
in June 2016, Kuraray Co., Limited announced plans to construct a manufacturing
facility for polyvinyl butyral films at its South Korean plant.
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more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/plastics-polymers-and-resins
Grand View Research has segmented the global polyvinyl butyral market on the basis of application, end-use and region:
Global Polyvinyl Butyral Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)
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Films & sheets
o
Automotive
o
Construction
o
Photovoltaic
·
Paints & coatings
·
Adhesives
·
Others
Global Polyvinyl Butyral Regional Outlook (Volume, Kilo Tons;
Revenue, USD Million, 2013 - 2024)
·
North America
o
U.S.
·
Europe
o
Germany
o
UK
·
Asia Pacific
o
China
o
Japan
·
Latin America
o
Brazil
·
MEA
For press release of this report - http://www.grandviewresearch.com/press-release/global-polyvinyl-butyral-pvb-market
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