What is Polyvinyl Butyral Market?
Polyvinyl butyral is a resin formed from the reaction of an aldehyde and alcohol. It is mostly used for applications that require strong binding, optical clarity, adhesion to many surfaces toughness and flexibility. It can be synthetically prepared from vinyl acetate monomer. It is used primarily as a raw material for laminated safety glass sheet in automotive and architectural applications and these two applications account for 60% and 33%, respectively, of total consumption of polyvinyl butyral. Sales in the primary end markets for polyvinyl butyral depend on the performance of the general economy, especially for safety glass in the automotive and architectural markets.
The market study is being classified by Type (Reagent Grade and Industrial Grade), by Application (Automotive and Architectural, Colors, Solar Modules and Non-film Applications) and major geographies with country level break-up.
Kuraray Co. Ltd. (Japan), Eastman Chemical Company (United States), SEKISUI CHEMICAL Co. Ltd (Japan), Kingboard Chemical Holdings Limited (Hong Kong), Zhejiang Pulijin Plastic Co. Ltd. (China), Tiantai Kanglai Industrial Co. Ltd (China), DuPont (United States), Chang Chun Petrochemical Co. Ltd (Taiwan), Everlam (Belgium) and Guangzhou Aojisi New Materials Co. Ltd. (China) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Anhui Wanwei Group Co. Ltd. (China) and Hunan Xiangwei Co. Ltd. (China).
Research Analyst at AMA predicts that Chinese Vendors will contribute to the maximum growth of Global Polyvinyl Butyral market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Polyvinyl Butyral market by Type, Application and Region.
On the basis of geography, the market of Polyvinyl Butyral has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- High Demand from Automotive and Architectural Fields
- High Transparency, Outstanding Elasticity, Good Impact Resistance and High Tensile Strength of Polyvinyl Butyral
- Increased Consumption for Various Industrial Applications
Restraints
- Availability of the Substitute Products in the Market
Opportunities
- Growing Demand for Photovoltaic Thin Film Solar Modules
- Growth in the Automobile Industry Creates Future Opportunities for the Polyvinyl Butyral
Challenges
- Heavy Taxation Policies and Stringent Regulations
Market Leaders and some development strategies
On 9th March 2018, Kuraray Co., Ltd. announced that it has completed its acquisition of Calgon Carbon Corporation, a wholly-owned subsidiary of Kuraray Co., Ltd.
Key Target Audience
Polyvinyl Butyral Manufacturers, Emerging Companies, Raw Material Suppliers/ Buyers, Product Suppliers/ Buyers, Distributors, Government Body & Associations and End-user