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The Market of The Global PVB Films & Sheets is to grow at CAGR 4.8% by 2023

09-04-2019 11:36 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Stratview Research

The Market of The Global PVB Films & Sheets is to grow at CAGR 4.8%

The new report of Stratview Research analyses the The Global PVB Films & Sheets Market over the trend period from 2012 to 2017 and forecast period from 2018 to 2023. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.

Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
• Strategic segmentation
• Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Detailed Competitive Rivalry landscaping
• Market trend and forecast analysis
• Future Growth Boulevards

Get a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/354/Polyvinyl-Butyral-Films-&-Sheets-Market.html

The Global PVB Films & Sheets Market: Highlights
The predominant application of polyvinyl butyral (PVB) resin is thin films and sheets, which found usage in the automotive and building & construction industries. PVB films & sheets are widely used in automotive applications as an interlayer in the windshield. They also found applications in luxury cars to make side and roof glass to increase safety and to reduce noise and light transfer. Furthermore, in the building and construction industry, these films & sheets are used for window covering with the purpose to promote energy saving and to reduce noise. PVB resin also finds some usage in solar panel encapsulants but its relatively a small market at a present scenario.

The Growth Prognosis & its Drivers
The global PVB films & sheets market is projected to grow at an impressive CAGR of 4.8% during the period of 2018 to 2023. This represents an attractive growth opportunity in the entire ecosystem of the market. Healthy growth automotive and construction industries, especially in the emerging economies; increasing demand for energy-saving buildings, growing disposable income of consumers in developing countries, and increased concern towards global warming are flourishing the growth of the PVB films & sheets market.

Market Segments
Based on the end-use industry, the PVB films & sheets market is segmented as Automotive, Building & Construction, Solar Energy, and Others. The automotive segment holds more than half of the share of the total PVB films & sheets market. An extensive usage of PVB films & sheets in the automotive industry to increase safety and to reduce noise and light transfer is primarily driving the demand for PVB resins in the automotive industry. Additionally, increasing automobile production is likely to boost the demand for PVB films and sheets in the coming years. It is estimated that approximately 608.5 million units of automobiles (passenger cars, LCVs, and MHCVs) are likely to be produced worldwide during the next five years (2018-2023).

The building & construction segment holds around a two-fourths share of the global PVB films & sheets market, majorly driven by Europe. In Europe and the Middle East, PVB films and sheets are majorly used in architectural applications for window covering with the purpose to promote energy saving and reduce noise. It is expected that Europe and the Middle East will act as the growth engines of the segment’s market in the coming five years.

Based on the regions, Asia-Pacific is expected to remain the largest PVB films & sheets market during the forecast period of 2018 to 2023. The region is also likely to experience a healthy growth during the same period. Rapidly expanding automotive and construction industries in the developing economies of the region, such as China and India, is the major driving factor behind the dominance of the Asia-Pacific region in the PVB films & sheets market. Out of the total vehicles produced worldwide during 2018-2023, approximately 54.2% will be produced in Asia-Pacific only, mainly in China, Japan, South Korea, India, and Thailand.

Europe and North America are also likely to generate sizeable growth opportunities during the forecast period. Both regions also produce a large number of vehicles as well as a huge investment in the building & construction industry. Furthermore, there is a high focus on the development of energy-saving constructions with the purpose to save energy and to reduce noise. These trends are likely to assure the sustainable growth of PVB films & sheets in these regions in the coming years.

Market Players
The supply chain of this market comprises of PVB resin manufacturers, PVB films & sheets manufacturers, distributors, and end users. The key manufacturers of PVB resins are Eastman Chemical Company, Kuraray Co., Ltd., Sekisui Chemical Co., Ltd., Huakai Plastic (Chongqing) Co., Ltd., and Zhejiang Decent Plastic Co., Ltd. Capacity expansion, backward integration, and formation of strategic alliances are the key strategies adopted by the major players to gain a competitive edge in the market.

Most of the major PVB resin manufacturers are also forward integrated and manufacturing PVB sheets & films to serve a large number of customers located across the world Eastmen Chemical, Kuraray, and Sekisui are the major player capturing more than 55% of the total PVB resin capacity. There are a large number of Chinese players actively producing PVB resins as well as PVB sheets & films to serve the local market.

Comprehensive Market Coverage
Click here for other reports from Stratview Research in the Advanced Materials Industry:
https://www.stratviewresearch.com/market-reports/Advanced-Materials.html

Stratview Research
400 Renaissance Center,
Suite 2600,
Detroit, Michigan, MI 48243
United States of America
Phone No. +1-313-307-4176
sales@stratviewresearch.com

Stratview Research is a global market intelligence firm offering a wide range of services including syndicated market reports, consulting, sourcing intelligence, and customer research. We are a trusted brand in the research industry with capability of commissioning complex projects within a short span of time with high level of accuracy.

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