The market research report, entitled PVB Interlayers Market shows good possibilities in the PVB Interlayers Market during the next five-year period and ensures more information regarding market trends. The following summary will give an overview of the drivers, challenges and key players in the market.
Global PVB Interlayers Market Forecast:
PVB Interlayers market is likely to grow from USD 3.74 billion in 2021 to USD 6.31 billion by 2028 at a CAGR of 7.67% during the forecast period of 2022-2028. The growth of the market for PVB interlayers is mainly attributed to the increasing production of vehicles and imposition of mandatory safety glass regulations. Further, their properties, such as optical clarity, strong bonding, toughness, flexibility, and adhesion to various surfaces make them the ideal claimant to be extensively used in various end-use industries, such as automobile, construction, and photovoltaic sectors, majorly for protection from projectiles, acoustic insulation, UV insulation, and safety & security. All these factors are likely to underpin the growth of the PVB interlayers market during the forecast period.
The following are some of the key players in the PVB Interlayers Market:
- 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
PVB Interlayers Market Segmentation:
The report segments based upon demographics, geographics, benefits and volume etc, has different driving factors and identifies the most-attractive segments and sub-segments. PVB Interlayers Market segmentation will not only help marketers to be more efficient in terms of time, money and other resources but also allows companies to learn about their target audience so that they can tailor campaigns and increase market share and revenue.
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.
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