Polyvinyl Butyral Market Size Worth $6.62 Billion By 2032 | CAGR: 6.49%

Polyvinyl Butyral Market Size Worth $6.62 Billion By 2032 | CAGR: 6.49%

The global polyvinyl butyral market size is expected to reach USD 6.62 billion by 2032, according to a new study by Polaris Market Research. The report “Polyvinyl Butyral Market Share, Size, Trends, Industry Analysis Report, By Application (Films & Sheet, Paints & Coating, Adhesive & Sealants, Printing Inks, and Others); By End Use; By Region; Segment Forecast, 2023-2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Extensive rise in the application of PVB films in the automotive sector owing to its several beneficial properties, including high durability, heat & noise reduction, and better chemical stability, along with the surging consumer awareness regarding its ability to improve indoor air quality is among the major factors expected to drive the global market growth. Due to its highly powerful anti-shocking and anti-break-in properties, laminated glasses made of PVBs are widely used in buildings to prevent accidents and increase focus on innovating more enhanced products with better capabilities, resulting in high product demand.

For instance, in June 2022, Avient Corporation announced the launch of its new engineered polymer solutions that would improve the sustainability of automotive solutions. The two new grades added to the reSound REC thermoplastic elastomer portfolio are formulated with polyvinyl butyral.

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In the last few years, the utilization of laminated glasses has grown drastically in both residential and non-residential buildings, and high product penetration as an interlayer in various end-use industries, including architectural applications, acts as an emerging trend in the market. Moreover, the exponential growth in many government infrastructural developments plan, including hospitals, office buildings, government accommodation, and defense infrastructure, has been fueling the demand and adoption of PVBs in the construction industry.

Due to the adhesive nature of polyvinyl butyral glue film, even in the glass breaks, fragments keep binding on thin film & the surface of glass particles remains smooth and also clear, which helps prevent pieces from falling or even penetrating. The sound-insulation effect of innovative PVB interlayer films is one of the crucial factors that evaluate the quality of the applications where the product is being applied, resulting in high product penetration globally.

Polyvinyl Butyral Market Report Highlights

  • Films & sheet segment accounted for significant global market share in 2022, on account of its higher adoption as an interlayer in the manufacturing of numerous types of glasses for various industries
  • Electricals & electronics segment is expected to witness fastest growth during the projected period, which is mainly driven by increasing use of PVB films due to its convenient and are highly economical
  • Asia Pacific region dominated the global market in 2022, owing to the continuous rise in the demand for consumer goods and significant growth in the photovoltaic industry across major developing countries in the region
  • The global key market players include Eastman Chemical, Genau Manufacturing Company, Jiangxi RongXin, King Board Specialty, & Zhejiang Pulijin Plastic

Polaris Market Research has segmented the polyvinyl butyral market report based on application, end-user, and region:

Polyvinyl Butyral, Application Outlook (Revenue - USD Billion, 2019 - 2032)

  • Films & Sheet
  • Paint & Coating
  • Adhesive & Sealants
  • Printing Inks
  • Others

Polyvinyl Butyral, End-User Outlook (Revenue - USD Billion, 2019 - 2032)

  • Automotive
  • Building & Construction
  • Electrical & Electronics
  • Others

Polyvinyl Butyral, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

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