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Polyvinyl Butyral Resin Market Study Offering Insights on Latest Advancements, Trends & Analysis from 2018-23 {{ currentPage ? currentPage.title : "" }}

The Polyvinyl Butyral Resin Market report is a comprehensive overview of the market’s situation thoroughly examined and compiled by Stratview Research. This new report provides past progress, current market conditions, and future prospect from the year 2018 to 2023. It also offers an accurate overview of the growth strategies, market size, mergers & acquisitions, and upcoming products/services of leading key players in this market.

Market Insights

The report analyses the market thoroughly and collects data in order to offer reliable data to the users. The present report mentions that the Polyvinyl Butyral Resin Market is projected to grow at an impressive CAGR of 4.5% during the period of 2018 to 2023.

Market Segments' Analysis

According to Stratview Research, the Polyvinyl Butyral Resin Market is segmented by Product Type (Films & Sheets, Paints & Coatings, Adhesives, and Others), by End-Use Industry Type (Automotive, Construction, Photovoltaic, Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).

The market is segmented based on the product type as Films & Sheets, Paints & Coatings, Adhesives, and Others. The films & sheets segment is expected to remain the growth engine of the PVB resin market during the forecast period of 2018 to 2023. An increased usage of PVB films & sheets in industries, such as automotive, construction, and photovoltaic for energy saving and noise reduction are the major factors that are proliferating the demand for PVB films & sheets.

Based on the end-use industry, the market is segmented as Automotive, Construction, Photovoltaic, and Others. The automotive segment is expected to remain the most dominant segment of the PVB resin market during the forecast period. An extensive usage of PVB films & sheets in the automotive industry to increase safety and to reduce noise and light transfer is primarily driving the demand for PVB resins in the automotive industry. Additionally, increasing automobile production is likely to boost the demand for PVB films and sheets in the coming years. It is estimated that approximately 608.5 million units of automobiles (passenger cars, LCVs, and MHCVs) are likely to be produced worldwide during the next five years (2018-2023).

Which region is expected to dominate the market?

Based on the regions, Asia-Pacific is expected to remain the largest PVB resin market during the forecast period of 2018 to 2023. The region is also likely to experience a healthy growth during the same period. Rapidly expanding automotive and construction industries in the developing economies of the region, such as China and India, is the major driving factor behind the dominance of the Asia-Pacific region in the PVB resin market.  Out of the total vehicles produced worldwide during 2018-2023, approximately 54.2% will be produced in Asia-Pacific only, mainly in China, Japan, South Korea, India, and Thailand.

Europe is projected to remain the second largest market during the forecast period, driven by both automotive as well as construction industries. There has been an increasing usage of laminated safety glasses in the architectural industry in the region.

Top key vendors in the market:

The report mentions a list of key players in the Polyvinyl Butyral Resin Market. Some of them are mentioned below –

  • Eastman Chemical

  • Kuraray

  • Sekisui

  • Huakai Plastic (Chongqing) Co. Ltd.

  • Chang Chun Petrochemicals Co., Ltd.

  • Kingboard (Fo Gang) Specialty Resins Limited

  • Everlam

Key Questions Answered in The Report:

-        Which region will show the higher and rapid growth?

-        Who are the top key players of the Polyvinyl Butyral Resin Market?

-        How will the market change in the upcoming five years?

-        What was the impact of Covid19 on the market?

-        Which application/ service/product will take a lion's share of the market?

-        What are the market drivers and constraints?

About Us –

Stratview Research is a global market research firm offering analytics, research, and advisory that can assist the clients to renovate their business and modify the approach. The reports offered can help the users in taking decisions intrepidly. Along with the reports, Stratview Research also offers customization services. In order to customize any of the report, please connect with our team.

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