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Polyvinyl Butyral (PVB) Market to surpass a total valuation of $3.9 Billion by 2024

Author : Rahul Varpe | Published Date : 2019-05-01 

Global Market Insights provides a detailed overview of Polyvinyl Butyral (PVB) market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of Polyvinyl Butyral (PVB) market in conjunction with the geographical landscape, demand spectrum, remuneration scale, and growth graph of this vertical have also been included in this report.

Polyvinyl Butyral (PVB) Market size has been amplifying at an exceptional pace owing to PVB’s extensive deployment by a host of prominent and high-growth industries including automotive and transportation, building and construction, and defense to name a few. Owing to PVB’s commendable properties, which include high strength, improved impact resistance ability, and toughness, the polymer has been increasingly cementing its reputation as a rather crucial component across a range of business verticals. Apparently, it is quite self-evident from the aforementioned declarations that the global polyvinyl butyral industry, which held a rather striking remuneration portfolio in excess of USD 2.3 billion in 2016, is set to garner impressive popularity over the estimated time frame.

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The foremost industry participants appear to be optimistic regarding the prospective growth of the global polyvinyl butyral market. Apparently, the rising optimism has resulted in innovative product launches by the leading market players, a trend which has favorably influenced the overall polyvinyl butyral industry share. Citing an instance, the European arm of Japan-based specialty chemicals manufacturer Kuraray Co. Limited, Kuraray Europe GmbH (KEG) has recently released a unique plasticizer-free PVB film based on its trademark brand name Mowital®.

According to the renowned polyvinyl butyral market player, the new PVB film is said to possess a slew of novel characteristics such as being non-toxic, transparent, equipped with almost unlimited shelf-life, and has multi-layer structures made of various substrates. Needless to say, such proactive and dynamic product innovations would compel other leading industry players to follow suit and release enhanced versions of their products, which would consequentially boost the fortunes of the polyvinyl butyral industry share in the forthcoming years.

Improved adhesiveness, recyclability and eco-friendly properties of PVB are likely to open up new growth avenues for the polyvinyl butyral industry biggies, which would eventually contribute toward the rapid growth of this business space over the years ahead. According to estimates, polyvinyl butyral market size is forecast to surpass a total valuation of USD 3.9 billion by 2024.

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While elaborating further upon the current polyvinyl butyral market trends, it is quite imperative to take note of the swift expansion of PVB’s application base, which has, in turn, vigorously embellished the growth potential of this business space. Amongst a range of applications of polyvinyl butyral, which includes binders, coatings, acoustic protection, and architectural glazing, the most lucrative application to have emerged over the past few years has been the lamination segment.

With the latest interlayer, the wedge angle could be adjusted to broaden the range of driver height and accommodate tall and short drivers. It goes without saying that such moves highlight the growing significance of PVB lamination in automotive windshields, which would eventually propel the polyvinyl butyral industry space over the next seven years of time span. As per estimates, the lamination segment apportioned a significant share of the overall polyvinyl butyral market size in the year 2016 and is forecast to register a higher annual growth rate, out of all the applications, over the ensuing years.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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