PVB Interlayers Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028
Global PVB Interlayers Market: Snapshot
Rise in the production of vehicles across the globe and increase in government mandates for use of safety glasses are prognosticated to offer attractive business opportunities in the PVB interlayers market in the upcoming years.
Manufacturers are using polyvinyl butyral resin is for the production of PVB interlayers owing to its wide range of properties such as strong bond, flexibility, toughness, adhesion, good adhesive quality, and optical clarity.
Over the period of past few years, there is significant increase in the use of laminated glasses, which are the glasses with interlayers, in numerous industries such as construction, automobile, and photovoltaic industries. Hence, the expansion of these industries is estimated to result into rise in demand prospects in the PVB interlayers market in the years ahead.
Companies operating in the global PVB interlayers market are increasing focus on the development of high-quality products. Thus, manufacturers of PVB interlayers are seen investing heavily in the R&D projects. Such advanced products are gaining traction across different end-use industries including construction and automotive industries as they provide advanced level of safety and stiffness, thereby boosting the growth of PVB interlayers market.
In the photovoltaic industry, PVB interlayers are utilized as an encapsulant in photovoltaic modules in order to gain more advantages than other plastic materials. Hence, the expansion of photovoltaic industry is anticipated to fuel the sales prospects in the PVB interlayers market in the forthcoming years. Moreover, the market for PVB interlayers is anticipated to gain promising prospects on the back of increased initiatives of government authorities of many countries globally to promote the use of solar energy.
In the automotive industry, different components such as backlights and windshields are manufactured using PVB interlayers owing to their ability of provide extensive safety features. Hence, the increasing sales of electronic vehicles is prognosticated to create ample opportunities in the global PVB interlayers market during the forecast period.
Global PVB Interlayers Market: Overview
The global PVB interlayers market is likely to experience notable growth over the forecast period, thanks to the augmented production of vehicles and regulations for mandatory safety glass.
Polyvinyl butyral resin is used in the making of PVB interlayers. Polyvinyl butyral resin comes with properties like flexibility, strong bond, adhesion, toughness, optical clarity, and good adhesive quality. Laminated glass refers to the glasses with interlayers. Laminated glass finds use in various industries like photovoltaic, construction, and automobile industries.
The global PVB interlayers market is segmented on the basis of type, end-use and region. Photovoltaic industry generates most of the demand for PVB interlayers market.
Global PVB Interlayers Market: Notable Developments
The global PVB Interlayers market has undergone some of the following developments in the recent times. One such key development is mentioned below:
Some of the key market players of the global PVB interlayers market are
Global PVB Interlayers Market: Growth Drivers
Increased Demand for Renewable Energy to Drive Growth of the Market
The global PVB interlayers market is expected to gain popularity from its increasing use in the photovoltaic industry. Growing demand for solar energy will accelerate the growth of photovoltaic industry. PVB interlayers when used as an encapsulant in photovoltaic modules offer more benefits than other plastic materials.
In an event of breaking of glass, the interlayers provide resistance to impact and offer more safety. PVB interlayers are used in many end-use industries like building & construction, automotive, and others, thanks to their properties like acoustic insulation, protection from projectiles, UV resistance and enhanced safety features, and others.
The global PVB interlayers market is likely find extensive use in the making of safety glass in the automotive industry. Components like backlights, windshields are made utilizing PVB interlayers market. PVB interlayers offer substantial safety features, which makes them ideal for use in the automotive industry. The global PVB interlayers market is likely to be driven by the rising demand for electronic vehicles as well, during the forecast period.
Furthermore, PVB interlayers also find application in the making of bulletproof glass, staircases, shower rooms, glass sliding doors, fences, glass partition, tabletops, glass facade, and many other things. Growing emphasis on the building of green and energy efficient buildings are also anticipated to further the demand for PVB interlayers.
On the other hand, PVB structured interlayers and ionoplast interlayers can replace PVB interlayers thereby posing a threat to the growth of the global PVB interlayers market.
Global PVB Interlayers Market: Regional Outlook
From the regional standpoint, the global PVB interlayers market is divided into the regions of Asia Pacific, the Middle East & Africa, South America, Europe, and North America. Asia Pacific is likely to dominate the global market of PVB interlayers, thanks to the augmented solar photovoltaic installation, production of electric vehicle, and expanding construction and building projects in the region.
The global PVB interlayers market is segmented as:
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