Press release
Know How Polyvinyl Butyral Market is Thriving Worldwide? Key Players Tiantai Kanglai Industrial Co., Ltd, Zhejiang Pulijin Plastic Co., Ltd., DuPont, Chang Chun Petrochemicals Co. Ltd, Everlam, DuLite
Moreover, it is used to improve the vehicle safety and reduce the external noise by using safety glasses such as automotive windshields and soundproof glasses. These factors will significantly drive the market demand during the forecast spell. Polyvinyl butyral market will exceed USD 3.9 billion; according to a new research report
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The building & construction sector is one of the fastest growing industries as the infrastructure & building activities are rapidly increasing in Europe and Asia Pacific owing to the government initiatives for building a better and improved infrastructure in countries, enhancing market growth over the forecast timeframe.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Eastman Chemical Company
2. Kuraray Co., Ltd.
3. SEKISUI CHEMICAL CO., LTD
4. Kingboard Chemical Holdings Limited
5. Huakai Plastic (Chongqing) Co., Ltd
6. Tiantai Kanglai Industrial Co., Ltd
7. Zhejiang Pulijin Plastic Co., Ltd.
8. DuPont
9. Chang Chun Petrochemicals Co. Ltd
10. Everlam
11. DuLite
12. Guangzhou Aojisi New Materials Co., Ltd.
13. Anhui Wanwei Group Co., Ltd.
14. Hunan Xiangwei Co., Ltd.
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This industry consumes the highest volume of the product owing to the demand from various raw material manufacturers for constructing overhead glazing, stairs and floors, balustrades, etc., further providing an extra boost to market demand over the coming years. Moreover, the rising consumption for constructing new retail departments & shopping malls, stadiums, commercial and defense offices, and airport terminals will further augment global polyvinyl butyral market demand over the forecast spell.
The market is hindered by the growing recycling processes in a few emerging economies including China and India, which will negatively impact the global polyvinyl butyral market over the coming years. Further, the availability of alternative products, such as lime PVA, will restrain the overall market growth.
The market is majorly driven by growing applications of polyvinyl butyral for lamination purposes, which will positively expand the market share during the forecast timeframe. Growing lamination application is accelerating the demand for laminating glass across automobiles & construction industries, which will foster the market demand for the product during the forecast timeframe.
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The end-user is growing rapidly in developing economies of Europe as well as Asia. Building and construction segment is one of the fastest growing industries dominating the overall consumption and revenue of global polyvinyl butyral market, followed by the defense sector. The market growth in these industries will be majorly driven by laminating glass & acoustic protection glass demand increase, which will significantly attribute toward the substantial growth of the market over the forecast period.
Asia Pacific market is one of the fastest growing markets and will show a healthy growth by the end of 2024. Rising consumption by various end-user industries, such as transportation, defense, and building and construction, will significantly grow the market over forecast spell. Asia Pacific is followed by Europe, which holds a potential market share with over USD 500 million in 2016 owing to the rapidly growing construction and building activities in the country. Polyvinyl butyral demand from automobile industry is increasing due to rising automobile sale in the region.
The market is led by prominent players such as Sekisui, Eastman, and Kuraray. Few other players include Huakai Plastic, Chang Chun Petrochemical, and Kingboard.
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https://www.gminsights.com/industry-analysis/cross-linked-polyethylene-market
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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