Global Polyvinyl Butyral Market Size Study, by Application (Films & Sheets, Paints & Coatings, Adhesives), by End-use (Automotive, Construction, Electrical & Electronics) and Regional Forecasts 2022-2032

Description

The Global Polyvinyl Butyral (PVB) Market, valued at USD 3.94 billion in 2023, is expected to grow at a CAGR of 6.50% from 2024 to 2032. The increasing demand for high-performance interlayer materials, particularly in the automotive and construction industries, is significantly propelling the growth of the PVB market. As a critical component in laminated safety glass, PVB provides superior adhesion, optical clarity, and impact resistance, making it a preferred material in windshields, architectural glazing, and photovoltaic panels. Additionally, its extensive use in adhesives, paints & coatings, and solar energy applications is further driving market expansion.

With stringent safety regulations in the automotive and construction sectors, manufacturers are leveraging PVB to enhance structural integrity, acoustic insulation, and UV protection in vehicles and buildings. The rise in urbanization and infrastructural developments is accelerating the demand for laminated glass solutions, while the rapid expansion of the electric vehicle (EV) sector is driving innovations in lightweight, high-durability materials like PVB. Furthermore, solar energy applications are witnessing a surge in PVB adoption due to its role in enhancing photovoltaic module efficiency and longevity.

Despite the promising outlook, fluctuations in raw material costs and environmental concerns regarding plastic waste pose significant challenges to market growth. However, ongoing R&D investments in bio-based PVB solutions and the increasing emphasis on recyclability and sustainability are expected to mitigate these challenges. Key market players are exploring advanced polymerization techniques and strategic partnerships to expand their product portfolios and global footprint. The rising preference for eco-friendly alternatives is also opening new investment avenues in the PVB sector.

Regionally, North America and Europe dominate the PVB market, driven by high automotive production rates, strong construction activities, and stringent safety regulations. The United States and Germany lead in technological advancements and innovative applications of laminated glass. Meanwhile, Asia-Pacific is projected to register the highest growth, fueled by booming construction projects, increasing vehicle production, and rising solar energy adoption in China, India, and Japan. The Middle East & Africa and Latin America are also witnessing growing demand, particularly in infrastructure modernization and renewable energy sectors.

Major Market Players Included in This Report:

Kuraray Co., Ltd.
Eastman Chemical Company
DuPont de Nemours, Inc.
Sekisui Chemical Co., Ltd.
Everlam N.V.
Trinseo S.A.
Huakai Plastic Co., Ltd.
Tiantai Kanglai Industrial Co., Ltd.
Kingboard (Fo Gang) Specialty Resins Limited
Jiangxi Rongxin New Materials Co., Ltd.
Zhejiang Pulijin Plastic Co., Ltd.
Anhui Wanwei Group Co., Ltd.
Chang Chun Petrochemical Co., Ltd.
Shenzhen Qihang Plastic Technology Co., Ltd.
Lipeng New Material Technology Co., Ltd.

The Detailed Segments and Sub-Segments of the Market are Explained Below:

By Application:

Films & Sheets
Paints & Coatings
Adhesives

By End-use:

Automotive
Construction
Electrical & Electronics

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
Rest of Europe
Asia Pacific
China
India
Japan
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Years Considered for the Study:

Historical Year: 2022, 2023
Base Year: 2023
Forecast Period: 2024-2032

Key Takeaways:

Market Estimates & Forecasts for 10 years from 2022 to 2032.
Annualized revenue analysis and country-level insights for each market segment.
Competitive landscape assessment, highlighting key players and strategic initiatives.
Analysis of evolving industry trends, technological advancements, and investment opportunities.
Regulatory impact analysis and sustainability-focused market trends.
Comprehensive demand-side and supply-side market dynamics assessment.

Chapter 1. Global Polyvinyl Butyral Market Executive Summary

1.1. Global Polyvinyl Butyral Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. {By Application}
  - 1.3.1.1. Films & Sheets
  - 1.3.1.2. Paints & Coatings
  - 1.3.1.3. Adhesives
- 1.3.2. {By End-use}
  - 1.3.2.1. Automotive
  - 1.3.2.2. Construction
  - 1.3.2.3. Electrical & Electronics
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Polyvinyl Butyral Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Polyvinyl Butyral Market Dynamics

3.1. Market Drivers
- 3.1.1. Growing Demand for Laminated Safety Glass in Automotive & Construction
- 3.1.2. Enhanced Performance Characteristics and Multifunctional Benefits
- 3.1.3. Technological Innovations in Polymer Processing
3.2. Market Challenges
- 3.2.1. Fluctuations in Raw Material Costs
- 3.2.2. Environmental Concerns and Waste Management Issues
3.3. Market Opportunities
- 3.3.1. Expansion in Solar Energy and Photovoltaic Applications
- 3.3.2. R&D-Driven Development of Eco-friendly PVB Alternatives
- 3.3.3. Strategic Collaborations and Global Market Penetration

Chapter 4. Global Polyvinyl Butyral Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunity
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Polyvinyl Butyral Market Size & Forecasts by Application 2022-2032

5.1. Segment Dashboard
5.2. Global Polyvinyl Butyral Market: {Application} Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 5.2.1. Films & Sheets
- 5.2.2. Paints & Coatings
- 5.2.3. Adhesives

Chapter 6. Global Polyvinyl Butyral Market Size & Forecasts by End-use 2022-2032

6.1. Segment Dashboard
6.2. Global Polyvinyl Butyral Market: {End-use} Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 6.2.1. Automotive
- 6.2.2. Construction
- 6.2.3. Electrical & Electronics

Chapter 7. Global Polyvinyl Butyral Market Size & Forecasts by Region 2022-2032

7.1. North America Polyvinyl Butyral Market
- 7.1.1. U.S. Polyvinyl Butyral Market
  - 7.1.1.1. {Application} Breakdown Size & Forecasts, 2022-2032
  - 7.1.1.2. {End-use} Breakdown Size & Forecasts, 2022-2032
- 7.1.2. Canada Polyvinyl Butyral Market
7.2. Europe Polyvinyl Butyral Market
- 7.2.1. UK Polyvinyl Butyral Market
- 7.2.2. Germany Polyvinyl Butyral Market
- 7.2.3. France Polyvinyl Butyral Market
- 7.2.4. Spain Polyvinyl Butyral Market
- 7.2.5. Italy Polyvinyl Butyral Market
- 7.2.6. Rest of Europe Polyvinyl Butyral Market
7.3. Asia-Pacific Polyvinyl Butyral Market
- 7.3.1. China Polyvinyl Butyral Market
- 7.3.2. India Polyvinyl Butyral Market
- 7.3.3. Japan Polyvinyl Butyral Market
- 7.3.4. Australia Polyvinyl Butyral Market
- 7.3.5. South Korea Polyvinyl Butyral Market
- 7.3.6. Rest of Asia-Pacific Polyvinyl Butyral Market
7.4. Latin America Polyvinyl Butyral Market
- 7.4.1. Brazil Polyvinyl Butyral Market
- 7.4.2. Mexico Polyvinyl Butyral Market
- 7.4.3. Rest of Latin America Polyvinyl Butyral Market
7.5. Middle East & Africa Polyvinyl Butyral Market
- 7.5.1. Saudi Arabia Polyvinyl Butyral Market
- 7.5.2. South Africa Polyvinyl Butyral Market
- 7.5.3. Rest of Middle East & Africa Polyvinyl Butyral Market

Chapter 8. Competitive Intelligence

8.1. Key Company SWOT Analysis
- 8.1.1. Kuraray Co., Ltd.
- 8.1.2. Eastman Chemical Company
- 8.1.3. DuPont de Nemours, Inc.
8.2. Top Market Strategies
8.3. Company Profiles
- 8.3.1. Kuraray Co., Ltd.
  - 8.3.1.1. Key Information
  - 8.3.1.2. Overview
  - 8.3.1.3. Financial (Subject to Data Availability)
  - 8.3.1.4. Product Summary
  - 8.3.1.5. Market Strategies
- 8.3.2. Eastman Chemical Company
- 8.3.3. DuPont de Nemours, Inc.
- 8.3.4. Sekisui Chemical Co., Ltd.
- 8.3.5. Everlam N.V.
- 8.3.6. Trinseo S.A.
- 8.3.7. Huakai Plastic Co., Ltd.
- 8.3.8. Tiantai Kanglai Industrial Co., Ltd.
- 8.3.9. Kingboard (Fo Gang) Specialty Resins Limited
- 8.3.10. Jiangxi Rongxin New Materials Co., Ltd.
- 8.3.11. Zhejiang Pulijin Plastic Co., Ltd.
- 8.3.12. Anhui Wanwei Group Co., Ltd.
- 8.3.13. Chang Chun Petrochemical Co., Ltd.
- 8.3.14. Shenzhen Qihang Plastic Technology Co., Ltd.
- 8.3.15. Lipeng New Material Technology Co., Ltd.

Chapter 9. Research Process

9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
9.2. Research Attributes