REPORT OUTLOOK
Market Size | CAGR | Dominating Region |
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USD 5.71 Billion by 2029 | 7.5% | Asia Pacific |
By Type | By End User | By Region |
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SCOPE OF THE REPORT
The PVB interlayers market is expected to grow at 7.5% CAGR from 2023 to 2029. It is expected to reach above USD 5.71 Billion by 2029 from USD 3.2 Billion in 2022.
PVB Interlayers Market Overview
Polyvinyl butyral Interlayer is the full name of this layer. Between two glass panels, there are a few of thin protective layers. These interlayers are created from polyvinyl butyral resin and have the following characteristics optical clarity, strong bond, toughness, flexibility, and adherence to varied surfaces. Laminated glass is another name for the glasses with interlayers, Impact resistant glass which are used in the construction, automotive, and other industries for safety and security, acoustic insulation, and UV insulation. In parts like backlights and windscreens, PVB interlayers are used. The automotive industry uses polyvinyl butyral (PVE) interlayers due to they provide significant safety characteristics. Moreover, polyvinyl butyral interlayers are used to create bulletproof glass, glass staircases, shower rooms, sliding glass doors, fences, tabletops, and glass facades.
A type of thin protective layer that can include two glass panels is called a polyvinyl butyral (PVB) interlayer. PVB resin, which is used to create these interlayers, can adhere to a variety of surfaces and has the following qualities: optical clarity, strong bond, toughness, and flexibility. Interlayer glasses, also known as laminated glass, have a variety of uses in the automotive, building and construction, and photovoltaic industries, including projectile protection, acoustic insulation (which lessens sound intensity with respect to a specific source and receptor), UV insulation, and safety and security. The forecast period’s increased demand for electronic vehicles and obligatory safety glass requirements are expected to have a significant impact on the worldwide PVB interlayers market. The PVB interlayer business will be supported by the photovoltaic industry’s expansion as a result of the rising demand for solar energy.
The increased manufacturing of automobiles and the implementation of obligatory safety glass rules are mostly to blame for the expansion of the PVB interlayers industry. Additionally, due to their qualities of optical clarity, strong bonding, toughness, flexibility, and adhesion to different surfaces, they are the perfect candidate to be widely used in a variety of end-use industries, including the automotive, construction, and photovoltaic sectors, primarily for projectile protection, acoustic insulation, UV insulation, and safety and security. All these elements are probably going to support the PVB interlayers market’s expansion throughout the course of the projection.
From about 80 million units in 2017, it is anticipated that auto sales will decline to slightly around 70 million units in 2021. The auto industry’s two most important subsectors are commercial vehicles and passenger cars. In terms of both sales and manufacturing, China is the country with the largest auto market in the world. For the first time ever, China’s car sales fell in 2018. The market crashed in February 2020 but quickly recovered. The whole automotive industry is impacted by the rising demand for vehicles, and all manufacturers are working to produce the greatest vehicle they can. The contemporary use of the PVB interlayer is one of the most alluring qualities that draws people. The best PVB application is getting more and more common, particularly in cars. Glass with firm binding and optical clarity is frequently made with resins for use in autos. The automotive-grade PVB film is also the top choice of engineers, expanding the product’s global market along with the expanding automobile industry.
ATTRIBUTE | DETAILS |
Study period | 2020-2029 |
Base year | 2021 |
Estimated year | 2022 |
Forecasted year | 2022-2029 |
Historical period | 2018-2020 |
Unit | Value (USD BILLION) |
Segmentation | Â By Type, By End user, By Region |
By Type
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By End user
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By Region
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About 35 years ago, laminated glass began to be used in architectural applications. Increasing daylighting in buildings through more glass surfaces and raising safety standards in building regulations are the main drivers behind the expansion of PVB interlayers in the construction industry. The demands for energy control placed on newly constructed and renovated buildings are another growing problem for laminated glass. Interlayer solutions have significantly increased as a result of these improved demands. Several of the issues were first resolved by changing the original “automotive” PVB, including increasing sheet size, rising interlayer thickness from 0.38mm to 4.56mm or more, and adding colors for architectural purposes, including translucency. As the market for architectural laminated glass developed, various polymers including ionomers and EVA were developed, and the PVB formulation was modified for uses like enhanced acoustics. Nonetheless, the original PVB recipe proved to have limits for architectural applications. Consequently, it is anticipated that in the next years, the expanding developments in PVB interlayers will continue to drive both the expansion of the product and the worldwide building industry.
Competition from other interlayer materials is the major restraints in the PVB interlayers market. PVB is a commonly used interlayer material, but there are also other materials such as ionomer, EVA, and TPU that can be used in laminated glass. The availability of alternative interlayer materials can create competition for PVB interlayers and impact market demand. Fluctuations in raw material prices of PVB reduce the market growth. The production of PVB interlayers requires specific raw materials, and changes in the availability and cost of these materials can impact production costs and pricing of PVB interlayers. This can create uncertainty for manufacturers and limit their ability to offer competitive pricing. Limited product differentiation is the factor responsible for hindrance of the market growth. PVB interlayers are largely commoditized, which can limit the ability of manufacturers to differentiate their products based on unique features or performance characteristics. This can create a highly competitive market environment that can lead to pricing pressure.
The global PVB interlayers market is anticipated to increase as a result of the growing use of PVB interlayers in the solar industry. As the demand for solar energy rises, the photovoltaic industry will expand more quickly. PVB interlayers have greater advantages than other types of plastic when employed as an encapsulant in solar devices. Due to its application in solar energy, ground transportation, and building and construction, PVB films and sheets should experience a significant increase in demand in the upcoming years. The use of products in the solar energy sector is also anticipated to increase as a result of China’s and Japan’s expanding demand for photovoltaic modules. As a result, the forecasted growth of PVB interlayers is projected to be greatly influenced by the growing move towards renewable energy sources.
The market in 2020 suffered as a result of COVID-19. The production of clear, impact-resistant vehicle windscreens using PVB material was suspended during the lockdown in the event of a pandemic to stop the spread of new COVID-19 cases, which decreased demand for PVB material. According to the Organization for International Cooperation on Automobiles (OICA), the pandemic’s negative effects were mostly to blame for the 16.9% decline in global passenger car production in 2020 compared to the previous year. Also, the lockdown interrupted construction activity, which decreased demand for PVB, a material used to make laminated glass for windows, overhead glazing, self cleaning glass and par glass.
PVB Interlayers Market Segment Analysis
The PVB interlayers market is segmented based on type, end user and region.
By type into (standard PVB, structural PVB). By end user into (automotive, building and construction, photovoltaic) and region.
Standard polyvinyl butyral and structural polyvinyl butyral are two types into which the market is divided. In 2021, the regular polyvinyl butyral sector won the most market share, and it is anticipated that it will continue to dominate the market over the next years. The widespread usage of conventional PVB interlayers in more than 70% of the various laminated glass applications is credited with the segment’s expansion. These interlayers’ main benefits include bettering the performance of the glass’s acoustic and UV protection systems as well as safety and security.
The automotive, construction, and photovoltaic end-user industries are the market segments for PVB interlayers globally. The industry sector with the fastest recent growth is solar. In order to significantly improve the protection of laminated module glass in Building-Integrated Photovoltaics, the PV module and glass industries have been collaborating since 2005. The goal is to replace the current encapsulants in double-glazing components with embedded solar cells with PVB film (BIPV). Moreover, laminated safety glass, which is made of two plies of glass sandwiching a PVB interlayer, was developed using the lamination technique and is a low-cost alternative to traditional thin-film solar modules. Yet, it is anticipated that Automotive will increase its market share for PVB interlayer in the future. The whole automotive industry is impacted by the rising demand for vehicles, and all manufacturers are working to produce the greatest vehicle they can. The contemporary use of the PVB interlayer is one of the most alluring qualities that draws people. The best PVB application is getting more and more common, particularly in cars.
PVB Interlayers Market Player
The PVB interlayers market key players includes Eastman Chemical Company, Kuraray, Sekisui Chemicals, Everlam, Genau Manufacturing Company, KB PVB, Chang Chun Group, DuLite, Huakai Plastic, Willing Lamiglass Materials, Jiangsu Darui Hengte Technology, and Tiantai Kanglai Industrial.
01 February 2023: Eastman Chemical Company (NYSE: EMN) announced it has acquired Ai-Red Technology (Dalian) Co., Ltd., a manufacturer and supplier of paint protection and window film for auto and architectural markets in the Asia Pacific region.
31 August 2022: Eastman announced it has joined the nonprofit membership organization Pact Collective. Pact is made up of beauty industry stakeholders focused on improving the end of life of beauty packaging and developing solutions that drive toward circularity for the industry. Eastman and Pact will work together to leverage Eastman’s molecular recycling technologies to recycle beauty packaging that can’t be mechanically recycled and would otherwise end up in landfills or incinerated.
Who Should Buy? Or Key Stakeholders
- PVB interlayers manufacturer
- Raw material manufacturer
- Glass fabricators
- Architect and designers
- Building owners and developers
- Suppliers and distributors
- Automotive industries
- Investors
- Regulatory Authorities
- Others
PVB Interlayers Market Regional Analysis
The PVB interlayers market by region includes North America, Asia-Pacific (APAC), Europe, South America, and Middle East & Africa (MEA).
- North America: includes the US, Canada, Mexico
- Asia Pacific: includes China, Japan, South Korea, India, Australia, ASEAN, and Rest of APAC
- Europe: includes UK, Germany, France, Italy, Spain, Russia, and Rest of Europe
- South America: includes Brazil, Argentina, and Rest of South America
- Middle East & Africa: includes Turkey, UAE, Saudi Arabia, South Africa, and Rest of MEA
Asia Pacific held more than 35% of the PVB interlayers market revenue share in 2021 and will witness expansion in the forecast period. For PVB interlayers, the Asia-Pacific region is anticipated to have the fastest expansion throughout the forecast period, with China, Japan, India, and South Korea being the major markets with the most promising growth prospects. Building and construction projects, solar photovoltaic installations, and the production of electric vehicles are driving up demand for PVB interlayers, and there are many PVB interlayer producers in the Asia-Pacific region, which is driving the market’s expansion. The Asia Pacific area is predicted to rule the PVB interlayers market due to the region’s production of electric vehicles, solar photovoltaic installations, and building and construction projects. A further factor driving the PVB interlayers market is the expansion of infrastructure in developing nations like China, Japan, India, and South Korea. Moreover, one of the primary growth drivers in the Asia Pacific market for PVB is its expanding use in packaging applications. Additionally, the growing usage of laminated glasses and adhesives in medical packaging is anticipated to boost the local market by preventing infections and upholding health and safety regulations. Furthermore anticipated to have significant growth potential during the forecast period are North America and Europe.
Key Market Segments: PVB Interlayers Market
PVB Interlayers Market By Type, 2020-2029, (USD Billion).
- Standard PVB
- Structural PVB
PVB Interlayers Market By End User, 2020-2029, (USD Billion).
- Automotive
- Building And Construction
- Photovoltaic
PVB Interlayers Market By Region, 2020-2029, (USD Billion).
- North America
- Asia Pacific
- Europe
- South America
- Middle East And Africa
Important Countries In All Regions Are Covered
Exactitude Consultancy Services Key Objectives:
- Increasing sales and market share
- Developing new technology
- Improving profitability
- Entering new markets
- Enhancing brand reputation
Key Question Answered
- What is the expected growth rate of the PVB interlayers market over the next 7 years?
- Who are the major players in the PVB interlayers market and what is their market share?
- What are the end-user industries driving demand for market and what is their outlook?
- What are the opportunities for growth in emerging markets such as Asia-Pacific, Middle East, and Africa?
- How is the economic environment affecting the PVB interlayers market, including factors such as interest rates, inflation, and exchange rates?
- What is the expected impact of government policies and regulations on the PVB interlayers market?
- What is the current and forecasted size and growth rate of the global PVB interlayers market?
- What are the key drivers of growth in the PVB interlayers market?
- What are the distribution channels and supply chain dynamics in the PVB interlayers market?
- What are the technological advancements and innovations in the PVB interlayers market and their impact on form development and growth?
- What are the regulatory considerations and their impact on the market?
- What are the challenges faced by players in the PVB interlayers market and how are they addressing these challenges?
- What are the opportunities for growth and expansion in the PVB interlayers market?
- What are the product offerings and specifications of leading players in the market?
- What is the pricing trend of PVB interlayers in the market and what is the impact of raw material prices on the price trend?
Table of Content
- Introduction
- Market Definition
- Market Segmentation
- Research Timelines
- Assumptions and Limitations
- Research Methodology
- Data Mining
- Secondary Research
- Primary Research
- Subject-Matter Experts’ Advice
- Quality Checks
- Final Review
- Data Triangulation
- Bottom-Up Approach
- Top-Down Approach
- Research Flow
- Data Sources
- Data Mining
- Executive Summary
- Market Overview
- Global PVB interlayers outlook
- Market Drivers
- Market Restraints
- Market Opportunities
- Impact of Covid-19 on PVB Interlayers Market
- Porter’s five forces model
- Threat from new entrants
- Threat from substitutes
- Bargaining power of suppliers
- Bargaining power of customers
- Degree of competition
- Industry value chain Analysis
- Global PVB interlayers outlook
- Global PVB Interlayers Market By Type (USD Billion), 2020-2029
- Standard PVB
- Structural PVB
- Global PVB Interlayers Market By End-User (USD Billion), 2020-2029
- Automotive
- Building and construction
- Photovoltaic
- Global PVB Interlayers Market By Region (USD BILLION), 2020-2029
- North America
- US
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Rest Of South America
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Rest Of Europe
- Asia Pacific
- India
- China
- Japan
- South Korea
- Australia
- Rest Of Asia Pacific
- Middle East and Africa
- UAE
- South Africa
- Rest Of Middle East and Africa
- North America
- Company Profiles*
(Business Overview, Company Snapshot, Products Offered, Recent Developments)
- Eastman Chemical Company
- Kuraray
- Sekisui Chemicals
- Everlam
- Genau Manufacturing Company
- KB PVB
- Chang Chun Group
- DuLite
- Huakai Plastic
- Willing Lamiglass Materials
- Jiangsu Darui Hengte Technology
- Tiantai Kanglai Industrial.
*The Company List Is Indicative
LIST OF TABLES
TABLE 1 GLOBAL PVB INTERLAYERS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 2 GLOBAL PVB INTERLAYERS MARKET BY END-USER (USD BILLION), 2020-2029
TABLE 3 GLOBAL PVB INTERLAYERS MARKET BY REGION (USD BILLION), 2020-2029
TABLE 4 NORTH AMERICA PVB INTERLAYERS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 5 NORTH AMERICA PVB INTERLAYERS MARKET BY END-USER (USD BILLION), 2020-2029
TABLE 6 NORTH AMERICA PVB INTERLAYERS MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 7 US PVB INTERLAYERS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 8 US PVB INTERLAYERS MARKET BY END-USER (USD BILLION), 2020-2029
TABLE 9 CANADA PVB INTERLAYERS MARKET BY TYPE (BILLION), 2020-2029
TABLE 10 CANADA PVB INTERLAYERS MARKET BY END-USER (USD BILLION), 2020-2029
TABLE 11 MEXICO PVB INTERLAYERS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 12 MEXICO PVB INTERLAYERS MARKET BY END-USER (USD BILLION), 2020-2029
TABLE 13 SOUTH AMERICA PVB INTERLAYERS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 14 SOUTH AMERICA PVB INTERLAYERS MARKET BY END-USER (USD BILLION), 2020-2029
TABLE 15 SOUTH AMERICA PVB INTERLAYERS MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 16 BRAZIL PVB INTERLAYERS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 17 BRAZIL PVB INTERLAYERS MARKET BY END-USER (USD BILLION), 2020-2029
TABLE 18 ARGENTINA PVB INTERLAYERS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 19 ARGENTINA PVB INTERLAYERS MARKET BY END-USER (USD BILLION), 2020-2029
TABLE 20 REST OF SOUTH AMERICA PVB INTERLAYERS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 21 REST OF SOUTH AMERICA PVB INTERLAYERS MARKET BY END-USER (USD BILLION), 2020-2029
TABLE 22 ASIA -PACIFIC PVB INTERLAYERS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 23 ASIA -PACIFIC PVB INTERLAYERS MARKET BY END-USER (USD BILLION), 2020-2029
TABLE 24 ASIA -PACIFIC PVB INTERLAYERS MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 25 INDIA PVB INTERLAYERS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 26 INDIA PVB INTERLAYERS MARKET BY END-USER (USD BILLION), 2020-2029
TABLE 27 CHINA PVB INTERLAYERS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 28 CHINA PVB INTERLAYERS MARKET BY END-USER (USD BILLION), 2020-2029
TABLE 29 JAPAN PVB INTERLAYERS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 30 JAPAN PVB INTERLAYERS MARKET BY END-USER (USD BILLION), 2020-2029
TABLE 31 SOUTH KOREA PVB INTERLAYERS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 32 SOUTH KOREA PVB INTERLAYERS MARKET BY END-USER (USD BILLION), 2020-2029
TABLE 33 AUSTRALIA PVB INTERLAYERS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 34 AUSTRALIA HYBRID FUNCTIONBY END-USER (USD BILLION), 2020-2029
TABLE 35 AUSTRALIA PVB INTERLAYERS MARKET BY FUNCTION (USD BILLION), 2020-2029
TABLE 36 AUSTRALIA PVB INTERLAYERS MARKET BY organization size (USD BILLION), 2020-2029
TABLE 37 REST OF ASIA PACIFIC PVB INTERLAYERS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 38 REST OF ASIA PACIFIC HYBRID FUNCTIONBY END-USER (USD BILLION), 2020-2029
TABLE 39 EUROPE PVB INTERLAYERS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 40 EUROPE PVB INTERLAYERS MARKET BY END-USER (USD BILLION), 2020-2029
TABLE 41 EUROPE PVB INTERLAYERS MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 42 GERMANY PVB INTERLAYERS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 43 GERMANY PVB INTERLAYERS MARKET BY END-USER (USD BILLION), 2020-2029
TABLE 44 UK PVB INTERLAYERS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 45 UK PVB INTERLAYERS MARKET BY END-USER (USD BILLION), 2020-2029
TABLE 46 FRANCE PVB INTERLAYERS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 47 FRANCE PVB INTERLAYERS MARKET BY END-USER (USD BILLION), 2020-2029
TABLE 48 ITALY PVB INTERLAYERS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 49 ITALY PVB INTERLAYERS MARKET BY END-USER (USD BILLION), 2020-2029
TABLE 50 SPAIN PVB INTERLAYERS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 51 SPAIN PVB INTERLAYERS MARKET BY END-USER (USD BILLION), 2020-2029
TABLE 52 REST OF EUROPE PVB INTERLAYERS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 53 REST OF EUROPE PVB INTERLAYERS MARKET BY END-USER (USD BILLION), 2020-2029
TABLE 54 MIDDLE EAST AND AFRICA PVB INTERLAYERS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 55 MIDDLE EAST AND AFRICA PVB INTERLAYERS MARKET BY END-USER (USD BILLION), 2020-2029
TABLE 56 MIDDLE EAST AND AFRICA PVB INTERLAYERS MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 57 UAE PVB INTERLAYERS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 58 UAE PVB INTERLAYERS MARKET BY END-USER (USD BILLION), 2020-2029
TABLE 59 SOUTH AFRICA PVB INTERLAYERS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 60 SOUTH AFRICA PVB INTERLAYERS MARKET BY END-USER (USD BILLION), 2020-2029
TABLE 61 REST OF MIDDLE EAST AND AFRICA PVB INTERLAYERS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 62 REST OF MIDDLE EAST AND AFRICA PVB INTERLAYERS MARKET BY END-USER (USD BILLION), 2020-2029
LIST OF FIGURES
FIGURE 1 MARKET DYNAMICS
FIGURE 2 MARKET SEGMENTATION
FIGURE 3 REPORT TIMELINES: YEARS CONSIDERED
FIGURE 4 DATA TRIANGULATION
FIGURE 5 BOTTOM-UP APPROACH
FIGURE 6 TOP-DOWN APPROACH
FIGURE 7 RESEARCH FLOW
FIGURE 8 GLOBAL PVB INTERLAYERS MARKET BY TYPE, USD BILLION, 2020-2029
FIGURE 9 GLOBAL PVB INTERLAYERS MARKET BY END-USER, USD BILLION, 2020-2029
FIGURE 10 GLOBAL PVB INTERLAYERS MARKET BY REGION, USD BILLION, 2020-2029
FIGURE 11 PORTER’S FIVE FORCES MODEL
FIGURE 12 GLOBAL PVB INTERLAYERS MARKET BY TYPE, 2021
FIGURE 13 GLOBAL PVB INTERLAYERS MARKET BY END-USER, 2021
FIGURE 14 GLOBAL PVB INTERLAYERS MARKET BY REGION, 2021
FIGURE 15 MARKET SHARE ANALYSIS
FIGURE 16 EASTMAN CHEMICAL COMPANY: COMPANY SNAPSHOT
FIGURE 17 KURARAY: COMPANY SNAPSHOT
FIGURE 18 SEKISUI CHEMICALS: COMPANY SNAPSHOT
FIGURE 19 EVERLAM: COMPANY SNAPSHOT
FIGURE 20 GENAU MANUFACTURING COMPANY: COMPANY SNAPSHOT
FIGURE 21 KB PVB: COMPANY SNAPSHOT
FIGURE 22 CHANG CHUN GROUP: COMPANY SNAPSHOT
FIGURE 23 DULITE: COMPANY SNAPSHOT
FIGURE 24 HUAKAI PLASTIC: COMPANY SNAPSHOT
FIGURE 25 WILLING LAMIGLASS MATERIALS: COMPANY SNAPSHOT
FIGURE 26 JIANGSU DARUI HENGTE TECHNOLOGY: COMPANY SNAPSHOT
FIGURE 27 TIANTAI KANGLAI INDUSTRIAL: COMPANY SNAPSHOT
FAQ
The PVB interlayers market is expected to grow at 7.5% CAGR from 2022 to 2029. It is expected to reach above USD 5.71 Billion by 2029 from USD 3.2 Billion in 2020.
Asia Pacific held more than 35% of the PVB interlayers market revenue share in 2021 and will witness expansion in the forecast period.
The increased manufacturing of automobiles and the implementation of obligatory safety glass rules are mostly to blame for the expansion of the PVB interlayers industry. Additionally, due to their qualities of optical clarity, strong bonding, toughness, flexibility, and adhesion to different surfaces, they are the perfect candidate to be widely used in a variety of end-use industries, including the automotive, construction, and photovoltaic sectors, primarily for projectile protection, acoustic insulation, UV insulation, and safety and security. All these elements are probably going to support the PVB interlayers market’s expansion throughout the course of the projection.
A type of thin protective layer that can include two glass panels is called a polyvinyl butyral (PVB) interlayer. PVB resin, which is used to create these interlayers, can adhere to a variety of surfaces and has the following qualities: optical clarity, strong bond, toughness, and flexibility. Interlayer glasses, also known as laminated glass, have a variety of uses in the automotive, building and construction, and photovoltaic industries, including projectile protection, acoustic insulation (which lessens sound intensity with respect to a specific source and receptor), UV insulation, and safety and security. The forecast period’s increased demand for electronic vehicles and obligatory safety glass requirements are expected to have a significant impact on the worldwide PVB interlayers market. The PVB interlayer business will be supported by the photovoltaic industry’s expansion as a result of the rising demand for solar energy.
Asia Pacific held more than 35% of the PVB interlayers market revenue share in 2021 and will witness expansion in the forecast period. For PVB interlayers, the Asia-Pacific region is anticipated to have the fastest expansion throughout the forecast period, with China, Japan, India, and South Korea being the major markets with the most promising growth prospects. Building and construction projects, solar photovoltaic installations, and the production of electric vehicles are driving up demand for PVB interlayers, and there are many PVB interlayer producers in the Asia-Pacific region, which is driving the market’s expansion. The Asia Pacific area is predicted to rule the PVB interlayers market due to the region’s production of electric vehicles, solar photovoltaic installations, and building and construction projects.
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