Jun 28,2021/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the PVB Interlayers Market.
It was estimated prior to this unanticipated outbreak that the PVB Interlayers Market was expected to grow at a CAGR of 7.8% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
PVB Interlayers stand for Polyvinyl butyral Interlayers. They are thin protective films sandwiched between two panels of glass. Owning the properties such as optical clarity, strong bond, toughness, flexibility, and adhesion to various surfaces, these interlayers are made from Polyvinyl Butyral resin. The glasses with interlayers are also called as laminated glass, which are used in the automotive, construction, and other industries for protecting from projectiles, acoustic insulation, UV insulation, and safety & security.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Based on the type, the market is segmented as standard polyvinyl butyral and structural polyvinyl butyral. The standard polyvinyl butyral segment captured the larger share of the market in 2020, and is expected to govern the market during the forecast period as well. The growth of the segment is attributed to the extensive use of standard PVB interlayers in more than 70% of various laminated glass applications. The major advantages offered by these interlayers are enhancement in the safety and security performance and improvement in the acoustic and UV protection performance of glass.
Based on the end-use industry type, the PVB interlayers market is segmented as automotive, building & construction, and photovoltaic. Driven by the changing trends in automotive production, increasing focus on safety, and growing demand for energy & electricity along with the production of electric vehicles, the automotive industry dominates the market.
In terms of regions, Asia-Pacific is estimated to be the largest-growing market for PVB interlayers during the forecast period, with China, Japan, India, and South Korea being the major countries with lucrative growth opportunities. The growth of the market is owned by the growth in production of electric vehicles, building & construction projects, and solar photovoltaic installations in China, India, Japan, South Korea, which is generating huge demand for PVB interlayers and the presence of a large number of PVB interlayer manufacturers in the Asia-Pacific region. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
Some of the major PVB interlayer manufacturers are-
- Eastman Chemical Company
- Kuraray Co., Ltd
- SEKISUI CHEMICAL CO., LTD
- Genau Manufacturing Company
- KB PVB
- Chang Chun Group
- Huakai Plastic (Chongqing) Co., Ltd
- Willing Lamiglass Material GmbH (W.M.C)
- Jiangsu Darui Hengte Technology
- Tiantai Kanglai Industrial
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The PVB Interlayers Market analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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