The global market for Polyvinyl Butyral (PVB) films and sheets is expected to experience significant growth from 2021 to 2030. Market research conducted by Marketresearch.Biz shows that this sector will experience a CAGR of 5.20%. This growth will be driven by an increase in demand for these materials from various industries including automotive, construction, and packaging.
Polyvinyl Butyral Films and Sheets: Definition
Polyvinyl Butyral (PVB) films and sheets are a form of thermoplastic material that is widely used in various industries. PVB films and sheets are made by the polymerization of vinyl butyral.
PVB films and sheets are known for their excellent strength, flexibility, and optical clarity. They are also resistant to impact, heat, and chemicals. Due to these properties, PVB films and sheets are used in various applications such as laminated glass in the automotive industry, safety glass in construction, and packaging materials.
Market Segmentation
The global PVB films and sheets market is segmented based on application, end-user, and region.
Based on application, the market is segmented into laminated glass, solar energy, and others. The laminated glass segment is expected to dominate the market due to increasing demand for safer and energy-efficient vehicles.
Based on end-user, the market is segmented into automotive, construction, packaging, and others. Automotive is expected to hold the largest market share due to the increasing demand for safer and energy-efficient vehicles.
Based on region, the market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. Asia-Pacific is expected to hold the largest market share due to the increasing demand for PVB films and sheets in the automotive and construction industries.
Key Players
The key players in the global PVB films and sheets market are Eastman Chemical Company, Kuraray Co. Ltd., Sekisui Chemical Co. Ltd., Trosifol, Inc., Chang Chun Plastics Co. Ltd., Huakai Plastic (Chongqing) Co. Ltd., DuLite PVB Film Co. Ltd., Zhejiang Decent Plastic Co. Ltd., Kingboard Chemical Holdings Ltd., and Glas Novius.
Conclusion
In conclusion, the global market for PVB films and sheets is expected to experience significant growth from 2021 to 2030. This growth will be driven by an increase in demand for these materials from various industries including automotive, construction, and packaging. Asia-Pacific is expected to hold the largest market share due to the increasing demand for PVB films and sheets in the automotive and construction industries.