The report, “Polyvinyl Butyral (PVB) Resins Market by Application (Films & Sheets, Paints & Coatings and Adhesives), PVB Films & Sheets Market by End-user Industry (Automotive, Construction and Photovoltaic) & by Region – Trends and Forecasts to 2019”, defines and segments the PVB resins and PVB films & sheets market with analysis and forecast of the market size. PVB resins Market is projected to a value of $3,710.19 Million by 2019, signifying firm annualized growth of 5.61% between 2014 and 2019.
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Key content of this market:
This study aims to estimate the market of PVB resins and PVB films & sheets in 2013 and project its demand by 2019. This market research study provides a detailed qualitative and quantitative analysis of the PVB resins and films & sheets market. It provides a comprehensive review of major market drivers, restraints, opportunities, winning imperatives, challenges, and key issues in the market. The market is further segmented and projected by regions Asia-Pacific, North America, Europe and RoW, which are further segmented by key countries in each region. We have used different secondary sources such as encyclopedia, directories, and databases to identify and collect information useful for this extensive commercial study of PVB resins and PVB films & sheets. The primary sources that include experts from related industries and suppliers have been interviewed to verify and collect critical information as well as to assess the future prospects of PVB resins and PVB films & sheets.
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PVB (Polyvinyl Butyral) resin is a thermoplastic resin which is soluble in most of the organic solvents. PVB is manufactured from the condensation reaction of polyvinyl alcohol (PVA) and n-butyraldehyde. The PVB resins and PVB films & sheets market has grown rapidly during the past few years and is expected to continue the trend in the next five years. The growth is mainly driven by the growing demand in the Asia-Pacific region. Asia-Pacific is the biggest market for PVB resins followed by North America and Europe, which together accounted for more than 69.16% market share in 2013. Films & sheets is the fastest-growing application segment of PVB resins growing at a CAGR of 4.85% between 2014 and 2019. The U.S. is the biggest market for PVB films & sheets, followed by China, which is projected to grow at a CAGR of 5.20% between 2014 and 2019.
Asia-Pacific – The biggest market of PVB resins and PVB films & sheets
PVB is manufactured from the condensation reaction of polyvinyl alcohol (PVA) and n-butyraldehyde.
The PVB resins market in Asia-Pacific is one of the fastest-growing consumers across the globe and the trend is expected to continue in the near future. Asia-Pacific is the biggest market for PVB resins, and accounted for a share of more than 39.68% of the total market size in terms of volume in 2013 which was majorly contributed by China. It is also estimated that China is the fastest-growing market of PVB resins in the region. The high growth in this region is mainly driven by growing population, vast economies–developed as well as developing, favorable investment policies, and government initiatives to promote industrial growth.
Films & sheets – The fastest-growing market for PVB resins
The PVB films & sheets market is one of the fastest-growing applications globally and the trend is expected to continue in the near future. Asia-Pacific is the biggest market for PVB films & sheets, and accounted for a share of more than 46.87% of the total market size in 2013. It is also estimated that China is the fastest-growing market of PVB films & sheets in the region.
The U.S. and China are at forefront of PVB resins and PVB films & sheets consumption, while Germany, Belgium, Japan, and U.K. are other key markets for PVB resins & PVB films & sheets consumption. China is the key market in Asia-Pacific, consuming more than half of the demand for resins and PVB films & sheets, followed by Japan, Taiwan, South Korea, and India where consumption is growing at a steady rate. Increase in the consumption of PVB resins for films & sheets, paints & coatings and adhesives has been observed in Asia-Pacific due to continued industrialization and rise in the manufacturing sector of the region. Films & sheets are projected to be the fastest-growing application segment followed by adhesives between 2014 and 2019. PVB resins market is expected to witness a slow growth due to the stagnant market at European economy.