PVB Interlayers Market research report presents a detailed Valuation of the business to estimate the market size, share, value, volume, revenue, key drivers, restraints, demand, growth and forecast. This report encompasses complete analysis of latest trends, dynamics, market analysis by Type (Standard Polyvinyl Butyral and Structural Polyvinyl Butyral), End-use Industry (Automotive, Building & Construction, and Photovoltaic), Region (North America, Europe, APAC,RoW).
The global PVB Interlayers Market size is projected to grow from USD 3.1 billion in 2019 to USD 4.4 billion by 2024, at a compound annual growth rate (CAGR) of 7.3% during the forecast period. Increasing production of vehicles and mandatory safety glass regulations are the major factors driving the PVB interlayers market.
PVB Interlayers Market Key Players
The key players in the PVB Interlayers market are Eastman Chemical Company (US), Kuraray (Germany), Sekisui Chemicals (Japan), Everlam (Belgium), Genau Manufacturing Company (India), KB PVB (China), Chang Chun Group (China), DuLite (China), Huakai Plastic (China), Willing Lamiglass Materials (China), Jiangsu Darui Hengte Technology (China), and Tiantai Kanglai Industrial (China). These players have adopted the strategy of expansion to enhance their product offerings and geographic presence.
Kuraray (Germany) adopted expansion as its key strategy to expand its geographic presence. In June 2016, the company established a PVB films production facility at the Ulsan plant in South Korea. It completed the construction of its PVB production facility by the end of 2017 with an investment of USD 50 million. This expansion helped the company cater to the demand for PVB interlayers in Asia Pacific.
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Sekisui Chemical (Japan) undertook the strategy of expansion to increase its product offering. In December 2017, the company planned to expand its Mexico plant with a third production line. The new production line is set to manufacture automotive interlayer films that will cater to the growing demand in Central and South America.
PVB Interlayers Market Segmentation
The PVB interlayers market segmented by Type, End-use industry, and Region.
By Type:
- Standard
- Structural
By End-use Industry:
- Automotive
- Construction
- Photovoltaic
“The automotive end-use industry is expected to lead the market during the forecast period.”
The automotive industry is estimated to lead the market during the forecast period due to the high demand for PVB interlayers. The trends in automotive production and increasing safety requirements in vehicles are the factors driving the demand for PVB interlayers in this segment.
By Region:
- North America
- Europe
- APAC
- Rest of the World
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APAC is projected to account for the largest share of the PVB interlayers market, globally, during the forecast period.”
APAC is projected to lead the overall PVB interlayers market in the forecast period. The region has emerged as the largest consumer PVB interlayers, owing to the growth in production of electric vehicles, construction, and most importantly photovoltaic in countries such as China, India, Japan, and South Korea.
Table of Contents
1 Introduction (Page No. - 13)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.1.1 PVB Interlayers Market, By Region
1.3.2 Years Considered For the Study
1.4 Currency
1.5 Package Size
1.6 Limitations
1.7 Stakeholders
2 Research Methodology (Page No. - 16)
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.1.3 Market Size Estimation: Bottom-Up Approach
2.1.4 Market Size Estimation: Top-Down Approach
2.2 Data Triangulation
2.3 Limitations of the Study
2.4 Research Assumptions
3 Executive Summary (Page No. - 23)
4 Premium Insights (Page No. - 26)
4.1 Attractive Opportunities in the PVB Interlayers Market
4.2 APAC: PVB Interlayers Market
4.3 PVB Interlayers Market, By Country
5 Market Overview (Page No. - 28)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Large-Scale Demand From the Automotive Industry
5.2.1.2 The Growing Demand From the Building & Construction Industry
5.2.2 Opportunities
5.2.2.1 Growing Photovoltaic Industry
5.2.3 Challenges
5.2.3.1 Replacement With More Optimized Materials
5.3 Porter’s Five Forces Analysis
5.3.1 Bargaining Power of Suppliers
5.3.2 Threat of New Entrants
5.3.3 Threat of Substitutes
5.3.4 Bargaining Power of Buyers
5.3.5 Intensity of Competitive Rivalry
Continued...
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