Polyvinyl Butyral (PVB) Market Projected to Reach 3.04 Billion USD by 2021

The report "Polyvinyl Butyral (PVB) Market by Application (Film & Sheets, Paints & Coatings, Adhesives), End-Use Industry (Construction, Automotive, Photovoltaic), and Region - Global Forecasts to 2021", The market size of PVB is estimated to grow from USD 2.12 Billion in 2015 to USD 3.04 Billion by 2021, at a CAGR of 6.83%.

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Growing population, vast developed as well as developing economies, favorable investment policies, and government initiatives to promote industrial growth are the key drivers of the market.

Asia-Pacific: The largest market for PVB

Asia-Pacific is currently the largest market for PVB. China is the largest market for PVB in the region.
The following factors drive the market for PVB in Asia-Pacific:
• Presence of major manufacturers of PVB resin in the region
• Growing end-use industries, such as automotive and construction, in major countries such as the China, South Korea, and Japan.

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Automotive: The largest end-use industry of the PVB market

PVBs are used in various end-use industries such as construction, automotive, and photovoltaic. These are the main end-use industries considered in the report. The automotive end-use industry is estimated to account for the largest market share, in terms of value and volume, followed by the construction and photovoltaic industries, in 2016. The photovoltaic industry is estimated to register the highest CAGR between 2016 and 2021, in terms of value and volume.

Films & sheets: The largest and fastest-growing application of the PVB market

PVB resins are used in various applications such as films & sheets, paints & coatings, adhesives, and others. These are the main applications considered in the report. The films & sheets application is estimated to account for the largest market share, in terms of value and volume, followed by paints & coatings and adhesives applications, in 2016. The films & sheets application is estimated to register the highest CAGR between 2016 and 2021, in terms of value and volume.

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The key players in the PVB market are Eastman Chemical Company (U.S.), Kuraray Co., Ltd. (Japan), Sekisui Chemical Co., Ltd. (Japan), Huakai Plastic (Chongqing) Co. Ltd. (China), Chang Chun Petrochemicals Co. Ltd. (China), Kingboard Chemical Holdings Ltd. (China), Everlam (Belgium), DuLite PVB Film (Taiwan), Tiantai Kanglai Industrial Co., Ltd. (China), and other local players.

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