Polyvinyl Butyral (PVB) Resin Market to experience an impressive growth of 4.5% during 2018-2023

Addressing the most sought-after questions that occupy the minds of entrepreneurs and decision makers, the new report of "Stratview Research" on the Polyvinyl Butyral (PVB) Resin Market, answers all the important questions.

Getting to the bare bones of the issues and factors which are sculpturing the market, Stratview Research brings out the best actionable market intelligence for the global Polyvinyl Butyral (PVB) Resin Market.

The analysts have scrupulously studied the trend and cautiously forecasted the future market developments for 2018-2023.
The important questions the report answers are:
1. What will be the market growth rate in the near future?
2. What are the major developments in the market wrt regulations, acquisitions and innovations?
3. What are the growth drivers as well as the constraints?
4. What are the regional growth hotspots?
5. What are the segmental growth forecasts?

These questions and many more, big and small, are all discussed in the report in great detail.

The Global PVB Resin Market Growth and Forecast
Polyvinyl butyral (PVB) resins are used in applications where strong binding, optical clarity, adhesion to surfaces, toughness, and flexibility are required. The major route of manufacturing PVB resin is a reaction between a polyvinyl alcohol and butyraldehyde. Over the years, PVB resins have been widely used in automotive applications as an interlayer in the windshield. They are now increasingly used in luxury cars to make side and roof glass with the purpose to increase safety and reduce noise and light transfer. Furthermore, they are also used in architectural applications for window covering with the purpose to promote energy saving and reduce noise. PVB resin also finds applications in solar panel encapsulants but its relatively a small market at a present scenario.


The strategic Market dissection
The dissection of the market is done to enlighten the aspects which are of interest to firms across the value chain.

Dissection by Segments
• by Product Type : Films & Sheets, Paints & Coatings and Others
• by End-Use Industry Type : Automotive, Construction and Others
• by Region : North America, Europe, Asia-Pacific, and RoW

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The Growth Prognosis & its Drivers
The global PVB resin market is projected to grow at an impressive CAGR of 4.5% during the period of 2018 to 2023. This represents an attractive growth opportunity in the entire ecosystem of the market. Organic growth in the automotive and construction industries; an increasing demand for energy-saving buildings, growing disposable income in emerging economies, and growing concern towards global warming are proliferating the growth of the PVB resin market.

Market Segments
The PVB resin market is segmented based on the product type as Films & Sheets, Paints & Coatings, Adhesives, and Others. The films & sheets segment is expected to remain the growth engine of the PVB resin market during the forecast period of 2018 to 2023.
Based on the end-use industry, the PVB resin market is segmented as Automotive, Construction, Photovoltaic, and Others. The automotive segment is expected to remain the most dominant segment of the PVB resin market during the forecast period.
Based on the regions, Asia-Pacific is expected to remain the largest PVB resin market during the forecast period of 2018 to 2023. The region is also likely to experience a healthy growth during the same period.

Players
The supply chain of this market comprises of raw material suppliers, PVB resin manufacturers, PVB films & sheets manufacturers, PVB adhesive manufacturers, PVB paints & coatings manufacturers, distributors, and end users. The key manufacturers of PVB resins are Eastman Chemical, Kuraray, Sekisui, Huakai Plastic (Chongqing) Co. Ltd., Chang Chun Petrochemicals Co., Ltd., Kingboard (Fo Gang) Specialty Resins Limited, and Everlam. Capacity expansion, forward integration, and formation of strategic alliances are the key strategies adopted by the major players to gain a competitive edge in the market.

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This release was published on openPR.