Polyvinyl Butyral (PVB) Market worth $5.1 billion by 2027 | Key players Eastman Chemical Company (US), Sekisui Chemical Co. Ltd. (Japan), Hubergroup (Germany), Chan Chun Group (Taiwan).

According to recent market research the "Polyvinyl Butyral (PVB) Market by Applications (Films & Sheets, Paints & Coatings, Adhesives), End-use (Automotive, Construction, Electrical & Electronics) and Region (North America, Asia Pacific, Europe, South America, Middle East & Africa) - Global Forecast to 2027", size is projected to grow from USD 3.7 billion in 2022 to USD 5.1 billion by 2027, at a CAGR of 6.5% between 2022 and 2027. PVB is a transparent, tough, and flexible thermoplastic used to develop fracture-resistant and high clarity films & sheets, paint & coating, and adhesives. Development in electronics & electricals industry has increased the consumption of PVB as a sealing material for solar modules. PVB is widely used in paint & coatings applications such as wood paints, leather paints, stoving paints, and priming paint for metallic materials, such as steel, aluminum, galvanized iron, and copper.
Electrophotographic coating and thermos photographic coating also utilize PVB in coating applications. Substitute material such as SGP ionoplast interlayer hinders the growth of the market. However, SGP cannot be combined with PVB based interlayers and comparatively less cost effective than PVB.

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PVB paints & coatings are utilized in gloss surface protective paints for tennis rackets and varnish for cabinets. PVB are used as binders in inks, paints, metal powder, and primers owing to its strong adhesion and used in making anti-corrosion primers, stove enamel, and glazes.

PVB in electronics & electricals industry have applications in renewable energy generation such as solar packaging. PVB is mainly used in thin-film solar cells as back sheet material of solar modules and protection from environmental conditions such as moisture and UV exposure.

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PVB market growth in the region is anticipated to be driven by a strong rebound in the construction activity of the US. The growth in US construction industry is expected to boost the demand for PVB paints & coatings applications during the forecast period. Additionally, rising investment in electronics & electricals industry and automotive industry in Canada will support the growth of PVB films & sheets in the region.

Major players operating in the PVB market includes Kuraray Co. Ltd. (Japan), Eastman Chemical Company (US), Sekisui Chemical Co. Ltd. (Japan), Hubergroup (Germany), Chan Chun Group (Taiwan), Anhui WanWei Bisheng New Material Co., Ltd. (China), Kingboard (fo gang) Specialty Resins (China), Qingdao Jinuo New Materials Co., (China), Huakai Plastic (China), Tridev Resin Pvt. Ltd. (India).

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Caterpillar Inc. is involved in designing, manufacturing, and marketing of construction & mining equipment, diesel & natural gas engines, industrial gas turbines, and diesel-electric locomotives. In September 2021, Caterpillar Inc. acquired Enhanced Energy Group, Inc. operating as "CarbonPoint Solutions," a US based carbon capture technology company. CarbonPoint Solutions provides technology to concentrate and capture CO2 for utilization or sequestration. The acquisition is part of Caterpillar's efforts to reduce carbon emissions and enable the cost-effective reduction of CO2 released into the atmosphere with carbon capture technology.

Ingersoll Rand is a global diversified industrial company, serving commercial and industrial markets. The company offers various brands, such as Ingersoll-Rand, Trane, Thermo King, American Standard, ARO, and Club Car. In December 2022, Ingersoll Rand acquired Everest Blower Systems Private Limited, widely known as the Everest Group which is a prominent player in the Indian market. By this acquisition, Ingersoll Rand aims to strengthen its position in the blower and vacuum pump market, particularly in the Indian region. This strategic move allows Ingersoll Rand to expand its portfolio of offerings and enhance its capabilities to provide tailored solutions to customers in India and beyond.

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