Deerfield Beach, FL, July 28, 2016 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Polyvinyl Butyral (PVB) Market For Films & Sheets, Paints & Coatings, Adhesives and Other Applications In Automotive, Construction and Photovoltaic: Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 - 2021” According to the report, the global polyvinyl butyral market was valued at approximately USD 3.0 billion in 2015 and is expected to reach approximately USD 3.9 billion by 2021, growing at a CAGR of around 5.4% between 2016 and 2021.
Polyvinyl butyral (PVB) is a resin which is produced by polyvinyl alcohol by reacting with butyraldehyde. Polyvinyl butyral is a non-toxic and non-corrosive product. Polyvinyl butyral PVB is mostly used as paint, an adhesive agent, a printing paste and a film sandwiched in a safety glass for automobiles owing to its excellent adhesive and elasticity properties. KBPVB, Saflex, GlasNovations, Butacite, WINLITE, S-Lec, Trosifol and EVERLAM are some of the key tradenames of PVB-films.
Browse 55 Market Tables and 17 Figures spread through 110 Pages and an in-depth TOC on "Polyvinyl Butyral (PVB) Market - Global Size, Shares, Trends, Segment & Forecast to 2021”
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Polyvinyl butyral market is expected to exhibit high gains in light of its extensive usage in varnishes, paints & coatings, sheets, glass, films, adhesives, printing & inks. This is mainly due to its capability to improve their chemical & physical properties including strong binding, more optical clarity and strong adhesive. Moreover, increasing population, economies development coupled with industrial growth are further anticipated to positively impact polyvinyl butyral market demand in the near future. However, presence of application specific substitutes such as eva films may curb the market growth in the near future. Nonetheless, increasing usage of polyvinyl butyral in photovoltaic solar cells coupled with high investment initiatives in the emerging economies mainly China, Japan, India and Indonesia is projected to open up new growth avenues in the years to come.
In terms of volume, Asia Pacific held the largest share of the global polyvinyl butyral market in 2015. Asia Pacific PVB resin market is mainly driven by increasing infrastructure development in the emerging economies. Increase in the consumption of PVB for paints & coatings, films & sheets, and adhesives has been observed in Asia-Pacific on account of continued industrialization and rise in the manufacturing sector of the region. This in turn is expected to fuel the growth of the market within the forecast period.
Browse the full "Polyvinyl Butyral (PVB) Market For Films & Sheets, Paints & Coatings, Adhesives and Other Applications In Automotive, Construction and Photovoltaic: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021" report at http://www.marketresearchstore.com/report/polyvinyl-butyral-market-z68174
North America was second largest regional market in 2015 and is expected to witness moderate growth in the years to come. U.S. emerged as the largest PVB consumer in the North America in 2015. This growth is mainly due to increasing penetration of PVB in construction and automotive industry.
The Europe polyvinyl butyral market is expected to show significant growth in the years to come. The strong growth and innovation, along with industry consolidations are expected to ascertain a bright future for the PVB in the Europe. The polyvinyl butyral market in Europe is likely to witness substantial growth on account of recovery from the economic slowdown.
Middle East & Africa is another important regional market on account of growing population, and economies development. Middle East & Africa is expected to exhibit decent growth in the near future. Latin America is expected to witness moderate growth in the years to come. This is mainly due to increasing demand of PVB in automotive and construction industry.
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The polyvinyl butyral market is highly consolidated in nature which is dominated by major players such as DuPont, Kuraray, Eastman Chemical Company and Sekisui Chemical. Other key participants in PVB market include Lifeng Group, Specialty Resins Co LTD (Hongkong), Chang Chun Petrochemicals Co., Ltd., Zhejiang Bisheng Plastics Co., Ltd. Kuraray Co., Ltd., Sekisui Chemicals Co., Ltd., Guangzhou Aojisi New Material Co., Ltd. and Huzhou Xinfu New Material.
This report segments the global polyvinyl butyral market as follows:
Global Polyvinyl Butyral Market: End-Users Segment Analysis
Global Polyvinyl Butyral Market: Application Segment Analysis
- Films & Sheets
- Paints & Coatings
Global Polyvinyl Butyral Market: Regional Analysis
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Browse Press Release at http://www.marketresearchstore.com/news/global-polyvinyl-butyral-pvb-market-262
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