Global Polyvinyl Butyral (PVB) Films and Sheets Market expected to reach US$ 4,633 Mn by 2023

Transparency Market Research has released a new market report titled “Polyvinyl Butyral (PVB) Films and Sheets Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 - 2023.” According to the report, the global PVB films and sheets market was valued at US$ 2,452.5 Mn in 2014 and is anticipated to reach US$ 4,633 Mn by 2023, expanding at a CAGR of 7.4% between 2015 and 2023.

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PVB films and sheets are made up of PVB resin used as an interlayer in glass laminated structures. Laminated glass comprises a protective layer usually PVB films and sheets. PVB stands for polyvinyl butyral. PVB films and sheets exhibit characteristics such as high tensile strength, transparency, impact resistance, and elasticity. The polymer interlayer of polyvinyl butyral is tough so that the brittle cracks would not pass from one side of the laminate to the other. These properties make PVB films and sheets suitable for the manufacture of safety glass. Laminated glass, commonly used in architecture and automotive fields, comprises a protective interlayer, usually PVB, fused between two panels of glass. PVB films and sheets have been reference material for glass lamination in building & construction and ground transportation industries since many years. Availability of limited number of application specific substitutes coupled with increasing usage of PVB films and sheets in photovoltaic modules has resulted in growing demand for PVB films and sheets.

Ground transportation was the largest end-user segment of the PVB films and sheets market, accounting for over 45% share in 2014. PVB films and sheets are primarily used in the manufacturing of automotive windshields. Rising demand for automotive windshields and increasing usage in the manufacture of glass rooftop for cars is likely to drive demand for PVB films and sheets in the ground transportation segment. Building & construction, solar energy, and infrastructure segments are also anticipated to account for significantly high share of the PVB films and sheets market in the near future. With increase in use of solar energy the demand for photovoltaic modules is also increasing. Lately the use of PVB films and sheets in photovoltaic modules is on rise which in turn is likely to augment the demand for PVB films and sheets in the near future.

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Key players operating in the PVB films and sheets market include Eastman Chemical Company, KURARAY CO., LTD., SEKISUI CHEMICAL CO., LTD., Li & Fung Group Co., Ltd., Kingboard Chemical Holdings Ltd., Huakai Plastic (Chongqing) Co., Ltd., Zhejiang Decent Plastic Co., Ltd., Tiantai Kanglai Industrial Co., Ltd., Jiangsu Daruihengte Technology & Science Co., Ltd. and Zhejiang Pulijin Plastic Co., Ltd.

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