Polyvinyl Butyral (PVB) Films & Sheets Market is Witnessing Rapid Growth with Expanding applications of PVB films in Construction and Automotive Industry

 

PVB Films & Sheets have emerged as the most preferred choice for the large-scale production of solar cells at a fraction of the cost. Manufacturers are able to reduce the production cost of their products by using PVB film and sheet materials.

Rising applications in residential and non-residential buildings are expected to drive growth of the global polyvinyl butyral (PVB) films & sheets market during the forecast period. The use of laminated glasses in residential as well as non-residential buildings has increased significantly in the recent past. This is owing to various properties such as ultraviolet (UV) radiation control, durability, noise reduction, and weather resistance. PVB films and sheets are highly durable as compared to common sheets and can last in severe weather. The growth of the construction industry has led to increasing demand for PVB thin films and sheets across the globe. Besides, these sheets are mainly used in the automotive industry as an interlayer in the windshield. Since they provide optimum protection against noise and light transfer. Hence, these factors are expected to drive growth of the global polyvinyl butyral (PVB) films & sheets market during the forecast period. Furthermore, rising use in solar panel encapsulants is expected to boost the global polyvinyl butyral (PVB) films & sheets market growth over the forecast period.

However, high recycling activities in polyvinyl butyral in developed countries coupled with stringent environmental regulations are expected to hamper the global polyvinyl butyral (PVB) films & sheets market growth over the forecast period. Besides, the rapid growth of the photovoltaic industry can present lucrative growth opportunities in the global polyvinyl butyral (PVB) films & sheets market during the forecast period. Among regions, Latin America is expected to witness significant growth in the global polyvinyl butyral (PVB) films & sheets market during the forecast period. This is owing to increasing automotive manufacturing in emerging economies such as Brazil, Columbia, and Argentina. Furthermore, Asia Pacific is expected to register a robust growth rate over the forecast period, owing to increasing use of laminated glasses in medical packaging so as to prevent infections and maintain health standards in the region.

Major companies operating in the global polyvinyl butyral (PVB) films & sheets market are Eastman Chemical Co., Qingdao Haocheng Co., Ltd., Chang Chun Company Limited, Everlam, Tiantai Kanglai Co.,  Dulite Co., Limited,  Sekisui Chemical Company Limited, Kingboard Specialty Resins Limited, and Huakai Plastic Co., Ltd.