Polybutyl Butyral Market is Expected to Clock a Notable CAGR of 6.4%and Reach USD 6,482.7 Million by 2028
A new report by Reports and Data predicts that the global Polybutyl Butyral Market will reach USD 6,482.7 Million by 2028. Polyvinyl Butyral (PVB) is a thermoplastic resin that is clear and colorless, with an amorphous formation. PVB is produced by the condensation reaction of polyvinyl alcohol (PVOH) and butyraldehyde, making it an acetal. The PVB resin is well known for its excellent durability, flexibility, tough resistance, film-forming properties, and good adhesion properties, with superior characteristics of UV resistance. The market is driven primarily by the continuous laminated glass with PVB interlayers, especially in the specialty glass used in automotive and architectural manufacturing.
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The
Asia Pacific region is expected to continue to dominate the global market, with
China and India as the fastest-growing markets in the world, and the United
States and China holding some of the most prominent players in the market.
Polyvinyl
butyral interlayer thin films provide unique characteristics such as high
impact resistance, penetration resistance, sound insulation, and UV protection.
The use of PVB laminated glass is most prevalent in windshields in the
automotive industry. The growing concern about alternative sources of
electricity has increased the practice of using solar panels, where PVB is used
to isolate the photovoltaic circuit completely. The online retailing of chemicals
and materials, especially in the emerging nations in the Asia Pacific, is also
helping the market grow.
North
America is expected to experience significant growth in the overall market due
to its increasing demand for Polybutyl Butyral based glass interlayers in the
automotive and construction industries. The market is segmented based on
application, sales channel, type, end-use verticals, and region. Key
participants in the market include Eastman Chemical Company, Kuraray Co., Ltd,
Sekisui Chemical, and Genau Manufacturing Company LLP, among others.
Polybutyl Butyral Market: Drive
Factors
There
are several factors driving the growth of the Polybutyl Butyral market,
including:
1.
Increasing demand
for laminated glass: The demand for laminated glass with PVB interlayers is
expected to drive the market, primarily in the manufacturing of automotive and
architectural products.
2.
Unique properties
of Polyvinyl Butyral: Polyvinyl butyral is known for its excellent durability,
flexibility, tough resistance, film-forming properties, and good adhesion
properties. These superior characteristics, including UV resistance, are
driving demand for the material.
3.
Growing use of
solar panels: The use of Polyvinyl Butyral is increasing in the production of
solar panels, where it is used to encapsulate the photovoltaic circuit and
protect it from the environment.
4.
Online retailing
businesses: The growth of online retailing businesses in the Asia Pacific
region is helping the market grow by broadening outreach in areas where offline
vendors are unavailable.
5.
Increased demand
in North America: North America is forecasted to witness significant growth in
the overall market due to its increasing demand for Polybutyl Butyral-based
glass interlayers in automotive and construction industries.
Polybutyl Butyral Market: Notable
Innovation
In
the polybutyl butyral market, notable innovations include the use of polyvinyl
butyral (PVB) interlayer thin films that provide high impact resistance,
penetration resistance, sound insulation, and UV protection. These films are
widely used in the automotive industry for manufacturing windshields, side
glasses, and sunroofs. Additionally, PVB films are used in the production of
laminated glass for solar panels, providing protection to the photovoltaic circuit
from the environment. Another innovation is the growing trend of online
retailing of chemicals and materials, which is helping to broaden the outreach
of the market in regions where offline vendors are unavailable.
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