The market size of polyvinyl butyral (PVB) is estimated to reach USD 3.04 Billion by 2021 at a CAGR of 6.83%.

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The polyvinyl butyral market has witnessed significant growth in the recent years, and this growth is projected to persist in the coming years. polyvinyl butyral resins is used in a wide range of applications such as films & sheets, paints & coatings, and adhesives owing to its characteristic properties such as wear & blister resistance, excellent adhesion, flexibility, and tensile strength. PVB films & sheets are used in different end-use industries such as automotive, construction, and photovoltaic. The use of polyvinyl butyral films & sheets has been increasing over the years owing to growing demand from the automotive and construction industries.

The main applications of PVB such as films & sheets, paints & coatings, adhesives, and others are included in this report. Film & sheets accounted for the largest market share in 2015 because of their suitability in a number of applications in various end-use industries. It is the fastest-growing application of polyvinyl butyral because of its increasing acceptance in end-use industries such as automotive, construction, and photovoltaic.

Automotive: The largest end-use industry of the PVB market

PVBs are used in various end-use industries such as construction, automotive, and photovoltaic. These are the main end-use industries considered in the report. The automotive end-use industry is estimated to account for the largest market share, in terms of value and volume, followed by the construction and photovoltaic industries, in 2016. The photovoltaic industry is estimated to register the highest CAGR between 2016 and 2021, in terms of value and volume.

Films & sheets: The largest and fastest-growing application of the PVB market

PVB resins are used in various applications such as films & sheets, paints & coatings, adhesives, and others. These are the main applications considered in the report. The films & sheets application is estimated to account for the largest market share, in terms of value and volume, followed by paints & coatings and adhesives applications, in 2016. The films & sheets application is estimated to register the highest CAGR between 2016 and 2021, in terms of value and volume.

The key players in the PVB market are Eastman Chemical Company (U.S.), Kuraray Co., Ltd. (Japan), Sekisui Chemical Co., Ltd. (Japan), Huakai Plastic (Chongqing) Co. Ltd. (China), Chang Chun Petrochemicals Co. Ltd. (China), Kingboard Chemical Holdings Ltd. (China), Everlam (Belgium), DuLite PVB Film (Taiwan), Tiantai Kanglai Industrial Co., Ltd. (China), and other local players.

Asia-Pacific, North America, Europe, the Middle East & Africa, and South America are considered as the main regions for the polyvinyl butyral market in this report. Cuurently, Asia-Pacific dominates the polyvinyl butyral market. The rising demand for polyvinyl butyral in this region is mainly driven by its increased use in the construction and automotive industries. Europe is the second-largest consumer of polyvinyl butyral, globally. The market in this region is mainly driven by the growing opportunities from the construction and automotive industries and the growing photovoltaic industry. South America is the second fastest-growing region after Asia-Pacific owing to the growing automotive industry in the region.