According to a new report, published by KBV research, The Global Polyvinyl Butyral (PVB) Market size is expected to reach $6 billion by 2031, rising at a market growth of 6.3% CAGR during the forecast period. In the year 2023, the market attained a volume of 6,41,566.2 tonnes experiencing a growth of 24.3% (2020-2023).
Polyvinyl Butyral (PVB) is a synthetic resin produced by the polymerization of vinyl butyral. It is a transparent, tough, and flexible material that is widely used in various applications due to its excellent properties. PVB is most commonly known for its use in the production of polyvinyl butyral interlayer film, which is used in the manufacture of laminated safety glass.
The Films & Sheets segment led the Global Polyvinyl Butyral (PVB) Market by Application in 2023; thereby, achieving a market value of $3.9 billion by 2031. PVB is commonly used as an interlayer in safety and security films for glass laminates. Safety films made of PVB provide shatter resistance, holding broken glass together upon impact, thus reducing the risk of injuries from shattered glass. Security films made of PVB protect against forced entry, vandalism, and ballistic threats.
The Automotive segment is growing at a CAGR of 5.8 % during the forecast period. Integrating advanced driver assistance systems (ADAS) and other vehicle technologies requires compatible glass solutions. PVB-based laminated glass provides a stable and reliable mounting surface for sensors, cameras, and other ADAS components embedded within the windshield.
Full Report: https://www.kbvresearch.com/polyvinyl-butyral-market/
The Asia Pacific region dominated the Global Polyvinyl Butyral (PVB) Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $2.3 billion by 2031. The North America region is anticipated to grow at a CAGR of 5.6% during (2024 - 2031). Additionally, The Europe region would witness a CAGR of 5.8% during (2024 - 2031).
By Application (Volume, Tonnes, USD Billion, 2020-2031)
By End-use (Volume, Tonnes, USD Billion, 2020-2031)
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