PVB Interlayers Market Report

Market Insights

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.

What is PVB interlayer?

PVB Interlayer stand for Polyvinyl butyral Interlayer. 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.

Market Drivers

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.

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Segment Analysis

By Type

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 2021, 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.

By End-Use Industry Type

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.

By Region

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.

Segmentation

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.

The PVB interlayers market is segmented into the following categories. 

By Type:

• Standard Polyvinyl Butyral
• Structural Polyvinyl Butyral

By End-Use Industry Type:

• Automotive
• Building & Construction
• Photovoltaic

By Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Key Players

Some of the major PVB interlayer manufacturers are-

• Eastman Chemical Company
• Kuraray Co., Ltd
• SEKISUI CHEMICAL CO., LTD
• Everlam
• Genau Manufacturing Company
• KB PVB
• Chang Chun Group
• Dulite
• Huakai Plastic (Chongqing) Co., Ltd
• Willing Lamiglass Material GmbH (W.M.C)
• Jiangsu Darui Hengte Technology
• Tiantai Kanglai Industrial

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• 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

Research Methodology

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. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the types by end-use industry type.

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.