The surge in construction of high rises around the world is observed to be instrumental to the expansion of the PVB interlayers market. Reports created by MRFR detail the developments of the industry that can be expected in the market through the forecast period. The PVB interlayers market is predicted to record a 7.5% CAGR to touch USD 5 Billion in revenues by 2030.
The outstanding companies in the PVB interlayers market are Kuraray (Japan), Sekisui Chemical Co., Ltd (Japan), Everlam NV (Belgium), Genau PVB (India), Chang Chun Group (Taiwan), DuLite PVB Film (Taiwan), Tiantai Kanglai Industrial Co, Ltd (China), Huakai Plastic (Chongqing) Co., Ltd (China), Eastman Chemical Company (US), Jiangsu Daruihengte Technology & Science Co., Ltd (China), JE Berkowitz (US), and Kingboard (Fogang) Specialty Resins Limited (China).
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The improvements in the product quality and design are assessed to have a notable impact on the PVB interlayers market share in the approaching period. The mounting photovoltaic cell industry is estimated to further be a key factor driving the PVB interlayers market companies in the forecast period.
Segmental Analysis
The segmental evaluation of the PVB interlayers market is carried out based on type, application, and regions. The type segment of the PVB interlayers market comprises of standard PVB interlayer and structural PVB interlayer. The application segment of the PVB interlayers market comprises of construction, automotive and photovoltaic cells. Based on the regions, the PVB interlayers market is segmented on the basis of Latin America, Europe, North America, Africa, Asia Pacific, and the Middle East.
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Detailed Regional Analysis
The regional examination of the PVB interlayers market encompasses regions such as Latin America, Europe, North America, Africa, Asia Pacific, and the Middle East. The presence of a recognized automotive industry and stress on renewable energy sources is pushing the growth of the North American PVB interlayers market. The surging renewable energy production in the European region is likely to be a vital factor for driving the global market progress. The principal and fastest-growing market for PVB interlayers are in the Asia Pacific region owing to elevated automobile manufacture and increasing construction industry. A modest but well-established automotive industry in the Latin American region is fueling the growth of the regional PVB interlayers market.
Competitive Analysis
The improvement in core industries performance on a global scale is estimated to fast track the development of the worldwide market in the upcoming period. Furthermore, the presence of better trade relations between several nations is estimated to offer more options for growth in the upcoming period. The overall development prospects of the market players are estimated to improve steadily with the effect of the COVID-19 pandemic reducing. The entry of global players in key developing regional markets is predicted to have a favorable effect that will ripple into other areas of the market as well. The role of governmental bodies in facilitating the development of the market is estimated to be vital through the grant of special incentives to attract global titans to certain regions and contribute to the development of the market in the forecast period. The optimism about COVID-19 related treatment methods such as the vaccines being rolled out in various regions is estimated to further improve the overall sentiment in the market.
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Industry Updates:
Jan 2021 Trosifol is intensifying its product portfolio, in the field of decorative colored films, with a high-adhesion translucent white PVB film. The product which is produced at the Czech Trosifol site in Holešov, has similar optical properties as Trosifol’s current Translucent White, but with increased adhesion. The producer advises only processing films from one batch in a project in order to ensure steady quality as with all Trosifol® Translucent White products.
Nov 2020 Eastman Chemical is partnering up with Seen, a Swiss architectural-surfaces professional, to promote a line of bird-safe interlayers for laminated architectural glass. The collaboration fits in with Eastman’s current trading in polyvinyl butyral (PVB) interlayers for automotive and architectural safety glass. Seen’s film consists of 9 mm metallic discs spread out 90 mm apart. Also, most rival products are screen-printed or used as a film on the external glass. Within the interlayer, the discs will get less wear and tear. The firms hope that having a visually pleasing material with an environmental story to express will help speed acceptance.
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Oct 2020 An innovative collaboration between Eastman and Guardian Glass has led to the companies jointly announcing Eastman’s new Saflex Crystal Clear PVB interlayer, which is intended to deliver one of the most color indistinct, brilliant laminated low-iron glass products available that is Guardian UltraClear LamiGlass Neutral. This partnership with Eastman met a key concern for both businesses’ clients in the search for a limitless need for transparency.
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