The PVB interlayers market size is projected to grow from the estimated USD 3.1 billion in 2019 to USD 4.4 billion by 2024, at a compound annual growth rate (CAGR) of 7.3%, during the forecast period. PVB interlayers are thin protective films sandwiched between two panels of glass. These interlayers are made from polyvinyl butyral resin, which has properties, such as optical clarity, strong bond, toughness, flexibility, and adhesion to various surfaces. The glasses with interlayers are called laminated glass, which are used in automobile, construction, and photovoltaic industries for various applications, such as protection from projectiles, acoustic insulation, UV insulation, and safety & security. The increasing production of vehicles and mandatory safety glass regulations are the major factors driving the PVB interlayers market.

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4.1 Attractive Opportunities in the PVB Interlayers Market
4.2 APAC: PVB Interlayers Market
4.3 PVB Interlayers Market, By Country

“The automotive end-use industry is expected to lead the market during the forecast period.”

The automotive industry is estimated to lead the market during the forecast period due to the high demand for PVB interlayers. The trends in automotive production and increasing safety requirements in vehicles are the factors driving the demand for PVB interlayers in this segment.

“APAC is projected to account for the largest share of the PVB interlayers market, globally, during the forecast period.”

APAC is projected to lead the overall PVB interlayers market in the forecast period. The region has emerged as the largest consumer PVB interlayers, owing to the growth in production of electric vehicles, construction, and most importantly photovoltaic in countries such as China, India, Japan, and South Korea. The leading players in the PVB interlayers market are Eastman Chemical Company (US), Kuraray (Germany), Sekisui Chemicals (Japan), Everlam (Belgium), Genau Manufacturing Company (India), KB PVB (China), Chang Chun Group (China), DuLite (China), Huakai Plastic (China), Willing Lamiglass Materials (China), Jiangsu Darui Hengte Technology (China), and Tiantai Kanglai Industrial (China).

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After arriving at the total market size through the estimation process explained above, the overall market was split into several segments and subsegments. The data triangulation and market breakdown procedures were employed, wherever applicable, to complete the overall market size estimation process and arrive at the exact statistics for all segments and subsegments. The data was triangulated by studying various factors and trends from both the demand and supply sides. In addition, the market size was validated by using both the top-down and bottom-up approaches. It was then verified through primary interviews. Hence, for every data segment, there are three sources—top-down approach, bottom-up approach, and expert interviews. The data was assumed to be correct when the values arrived at from the three sources matched.

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