Polyvinyl Butyral Market Analysis by Size, Share, Demand & Growth by 2034
According to Future Market Insights’ latest industry analysis, the global market size for
polyvinyl butyrals is estimated to be around US$ 4.30 billion in 2024. It is projected to
exhibit a CAGR growth of 6.90% over the forecast period, with an estimated market size
of US$ 8.40 billion in 2034.
The significance of polyvinyl butyral (PVB) has substantially increased in various industries
in the last few years. The global automotive sector, for instance, is adopting PVB for
laminated safety glass, which provides enhanced safety by preventing shattering upon impact.
The demand for laminated safety glass is also rapidly increasing in architectural applications,
with PVB interlayers providing impact resistance and improved structural integrity.
Advancements in PVB technology, such as improvements in optical clarity, adhesion
strength, and resistance to yellowing, are leading to PVB market expansion. PVB is also used
extensively in the renewable energy sector, especially in solar energy, which encapsulates
solar panels. This helps protect solar cells from external factors, such as moisture and UV
radiation.
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Businesses involved in the photovoltaic industry are extensively using PVB for encapsulating
solar panels due to the need for durable and weather-resistant encapsulation materials. The
sales of PVB are also touching the skies among companies specializing in safety glass
production. Besides this, the expansion of the electronics industry in countries like China,
India, and South Korea, particularly in encapsulation applications, is further driving the sales
of PVB-based components.
“To achieve sustainability goals, companies in the polyvinyl butyral market must develop
and implement strategies to promote the reuse, recycling, and repurposing of PVB-based
products and waste materials to reduce the resource consumption and waste
generation,” – says Nikhil Kaitwade (Associate Vice President at Future Market Insights,
Inc.)
Key Takeaways from the Market Study

The films and sheet segment dominates the global polyvinyl butyral market with a
projected CAGR of 6.70% through 2034.

Based on the end-user, the automotive segment is likely to lead the polyvinyl butyral
market with a CAGR of 6.50% till 2034.

The polyvinyl butyral market in the United Kingdom is anticipated to expand at a
modest CAGR of 8.10% through 2034.

The polyvinyl butyral market in China is estimated to rise at a 7.60% CAGR through
2034.

The polyvinyl butyral market in Japan is likely to increase at 8.60% CAGR through
2034.

The United States polyvinyl butyral market is predicted to rise at a 7.20% CAGR
through 2034.

The polyvinyl butyral market in South Korea is very likely to develop at a CAGR of
9.00% through 2034.
Competitive Landscape

The global market for polyvinyl butyrals is highly competitive and comprises
domestic and international players catering to various industries and sectors.

Prominent companies in the market include Kuraray Co. Ltd, Eastman, Sekisui., Ltd.,
Tiantai Kanglai Industrial Co., Ltd., Zhejiang Decent Plastic Co., Ltd.

Companies in the market are investing heavily to tap emerging markets in the
developing and underdeveloped parts of the world, and governments are promoting
the use of PVB-based films and sheets to spread awareness about its benefits.

The demand for PVB-based films and sheets is increasing due to its excellent optical
properties and safety features, and it is being widely used in the construction,
automotive, and solar industries.
About the Chemicals and Materials Division at Future Market Insights (FMI)
The chemicals and materials division of Future Market Insights (FMI) offers a distinct and
pinpoint analysis of the chemicals and materials industry. This exhaustive coverage extends
from commodity, bulk, specialty, and petrochemicals to advanced materials, composites, and
nanotechnology in particular, with special emphasis on ‘green alternatives, recycling and
renewable technology developments, and supply-demand-trade assessment. Our research
studies serve as referencing market guidelines for chemical manufacturers, research
institutions, channel partners, and government bodies for developing – ‘The Way Forward’.
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