POLYVINYL BUTYRAL (PVB) FILMS & SHEETS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)

Polyvinyl butyral (PVB) films & sheets are made from specialty resin PVB, which are used as raw materials for glass sheets. PCB is formed by condensation reaction of polyvinyl alcohol with butyraldehyde. Some of the properties exhibited by PVB sheets and films include impact resistance, high tensile strength, and elasticity, which makes it suitable for manufacturing safety glass. It finds applications in architecture, automotive, solar modules, and colors. These sheets and films are available in various colors for applications in architecture for the production of laminated glass. Some of the common trade-names for PVB films include Trosifol, S-Lec, WINLITE, Butacite, GlasNovations, and Saflex.

Market Dynamics

The global polyvinyl butyral films & sheets market is expected to exhibit impressive CAGR during the forecast period (2019-2027). Increasing application of polyvinyl butyral films & sheets in various end-use industries is expected to drive growth of the global polyvinyl butyral films & sheets market over the forecast period. One of the major applications of these are in window covering, as it efficiently saves energy and helps in reducing noise in the house. Moreover, increasing production of automobiles is expected to result in rising demand for polyvinyl butyral sheets and films globally.

However, factors such as high cost of storage, less shelf life of PVB films and sheets, and stringent government regulations about use of polyvinyl are expected to hinder growth of the global polyvinyl butyral films and sheets market over the forecast period.

Market Outlook

On the basis of region, the global polyvinyl butyral films and sheets market is segmented in to North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. Asia Pacific is expected to hold dominant position in the global polyvinyl butyral films and sheets market over the forecast period, owing to growth of automotive and construction industries in emerging economies such as China and India. In 2014, 35% volume share of the global PVB films and sheets market was contributed by Asia Pacific. In addition, demand for PVB sheets and films is expected to increase due to growth ground transportation industry in the region. In North America and Europe, the market is expected to witness accountable growth due to recovery from economic slowdown.

Key Players

Some of the key players operating in the global polyvinyl butyral (PVB) films and sheets market include Kuraray Co., Ltd, Zhejiang Bisheng Plastics Co. Ltd., Chang Chung Petrochemicals Co. Ltd, E. I. du Pont de Nemours and Company, Eastman Chemical Company, Sekisui Chemical Co., Ltd., Perry Chemical Corporation, and Sonepa Plastics.