PVB Interlayers Market Size, Share, Industry, Forecast and outlook (2024-2031)

Global PVB Interlayers Market By Type (Standard, Structural), By Application (Films & Sheets, Paints & Coatings, Adhesives, Others), By End-User (Photovoltaic, Automotive, Construction, Others), By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030

PVB Interlayers Market Overview

255 pages report analyses the Global PVB Interlayers Market is estimate to reach at a high CAGR during the forecast period (2023-2030). Demand from Construction, Automotive in Asia Pacific is rising. Competitive rivalry intensifies with Eastman Chemical Co, Everlam, Kingboard Specialty Resins Limited and others operating in the market. Since the late 1930s, PVB has become the most popular laminated safety glass interlayer material. PVB is a resin commonly used for binding, optical clarity, adhesion to glass surfaces, hardness, and flexibility. PVB is widely used as an interlayer in laminated protective glass for architectural applications and vehicle windscreens. PVB interlayers are films that are sandwiched between glass panels to provide additional protection. Due to properties such as optical clarity, hardness, tight bond, adhesion, and stability.

PVB interlayers are durable and ductile, so brittle cracks can not migrate from one side of the laminate to the other. PVB interlayers were designed primarily for automotive applications to minimize head-impact injuries in car accidents. PVB is used to make more than 90% of laminated protective glass interlayers.

PVB Interlayers Market Scope

To Know More Insights - Download Sample

PVB Interlayers Market Dynamics

Increasing production of vehicles and improving safeguard regulations are fuelling the growth of the PVB interlayers market across the world. Increasing construction projects, majorly in the developing parts of the world, are triggering the demand for PVB interlayers in recent times.

Increasing production of vehicles and improving safeguard regulations are fuelling the growth of the PVB interlayers market across the world.

Automobile sales are expected to drop to just under 70 million units in 2021, down from nearly 80 million units in 2017. Commercial vehicles and passenger cars are the two most significant segments of the auto industry. China holds the world's largest auto markets position, both in terms of sales and production. Car sales in China dipped for the first time in 2018; the market cratered in February 2020 but bounced back shortly after. The growing demand for vehicles affects the entire industry, and all manufacturers are focused on releasing the best vehicle possible. One of the most appealing features that attract users is the modern implementation of the PVB interlayer. The use of the best PVB application is becoming increasingly popular, especially in automobiles. Resins are commonly used in automobiles to create solid binding and optical clarity glass. The automotive-grade PVB film is also the first choice of engineers, thus pushing the product's global market with the growing automobile market.

Increasing construction projects, majorly in the developing parts of the world, are triggering the demand for PVB interlayers in recent times.

The use of laminated glass in architectural applications started to develop about 35 years ago. The prime reasons behind the growth of the PVB interlayers in the construction sector are increased daylighting in building through more glass surfaces and rising safety standards in building codes. Laminated glass is also increasingly challenged to help meet the energy control requirements imposed on new and retrofitted buildings. These improving demands have resulted in a significant increase in interlayer solutions. Some of the mentioned problems were initially addressed by modifying the original "automotive" PVB, such as raising interlayer thickness from 0.38mm to 4.56mm or more, increasing sheet size, and introducing colors for architectural applications, including translucency. However, the initial PVB recipe proved to have limitations for architectural applications as the architectural laminated glass market matured and led to the creation of other polymers such as ionomers and EVA and modifications to the PVB formula for applications such as improved acoustics. Thus, the growing advancements in the PVB interlayers are further expected to push the global construction market and the growth of the product in the forecast period.

Growing demand for renewable energy sources to reduce carbon concentration in the environment

The growing use of PVB interlayers in the photovoltaic industry is expected to boost the global PVB interlayers market. The photovoltaic industry will grow faster as demand for solar energy grows. When used as an encapsulant in photovoltaic devices, PVB interlayers have more benefits than other plastic materials. PVB films and sheets are expected to see a healthy increase in demand in the coming years due to their use in solar energy, ground transportation, and building and construction. In addition, the growing demand for photovoltaic modules in China and Japan is expected to boost product use in the solar energy sector. Therefore growing shift towards renewable energy sources is more likely to create immense opportunities for the PVB interlayers to grow in the forecast period.

COVID-19 Impact Analysis on PVB Interlayers Market

COVID-19 had a negative effect on the market in 2020. In the event of a pandemic, automotive manufacturing operations were temporarily put on halt during the lockdown to prevent the spread of new COVID-19 cases, lowering demand for PVB material to fabricate a clear, impact-resistant automotive windshield. According to the Organization for International Cooperation on Automobiles (OICA), global passenger car production fell 16.9% in 2020 compared to the previous year, owing primarily to the pandemic's negative effect. Furthermore, during the lockdown, construction activities halted, reducing demand for PVB, which is used to manufacture laminated glass for windows, overhead glazing, and par glass.

PVB Interlayers Market Segmentation Analysis

The global PVB interlayers market is segmented based on type, application, end-user and region.

The improving focus on renewable sources for energy generation leads to an increase in the consumption of PVB interlayers in the photovoltaic segment is projected to grow during the forecast period

In terms of end-user, the global PVB interlayers market is segmented into photovoltaic, automotive, construction, etc. The photovoltaic segment is growing at the fastest rate in recent tenure. Since 2005, the PV module and glass industries have been working together to replace existing encapsulants in double-glazing components with embedded solar cells with PVB film to greatly improve the protection of laminated module glass in Building-Integrated Photovoltaics (BIPV). Furthermore, the lamination process was successfully used to develop laminated safety glass, which produces thin-film solar modules consisting of two plies of glass sandwiching a PVB interlayer at a low cost.

On the other hand, Automotive is expected to build a larger market share for PVB interlayer in the forecast. The growing demand for vehicles affects the entire industry, and all manufacturers are focused on releasing the best vehicle possible. One of the most appealing features that attract users is the modern implementation of the PVB interlayer. The use of the best PVB application is becoming increasingly popular, especially in automobiles.

PVB Interlayers Market Geographical Share

Improving electric vehicle output, solar photovoltaic installation, and building and construction projects in the region, the Asia Pacific region is expected to dominate the PVB interlayers market in the near future

Due to the electric vehicle output, solar photovoltaic installation, and building and construction projects in the region, the Asia Pacific region is expected to dominate the PVB interlayers market. Furthermore, the PVB interlayers market is being boosted by growing infrastructure growth in emerging economies such as China, Japan, India, and South Korea. Furthermore, PVB's growing usage in packaging applications is one of the market's key growth drivers in the Asia Pacific. In addition, the regional market is expected to benefit from the increasing use of laminated glasses and adhesives in medical packaging to prevent infections and preserve health and safety standards.

PVB Interlayers Market Companies and Competitive Landscape

The PVB interlayers market is highly fragmented with the presence of local as well as global key players. Some of the key players contributing to the market's growth include Chang Chun Company Limited, Sekisui Chemical Company Limited, Eastman Chemical Co., Kuraray Co., Limited, Huakai Plastic Co., Ltd., Tiantai Kanglai Co., Limited, Everlam, Dulite Co., Limited, and Qingdao Haocheng Co., Ltd and among others.

The major players adopt several growth strategies such as product launches, acquisitions, and collaborations, contributing to the global PVB interlayers market's growth. The key manufacturers are following expansion and collaboration as the key strategy to build revenue for the company.

For instance, In 2019, Sisecam Flat Glass came up with a very strong laminated glass. The glass is made by combining two or more panels of glass and aiming to offer safety improvements. These glasses are placed  under pressure and heat to make the glass stiff for  PVC interlayers

SEKISUI CHEMICAL

Overview: SEKISUI CHEMICAL is a growing plastics manufacturer with head offices in Osaka and Tokyo. The company owns a plethora of subsidiaries engaged in a variety of businesses. SEKISUI has over 27,003 employees in more than eighteen countries worldwide. The company's main business areas in mobility include Interlayer films for laminated glass, polyolefin foam, resins for vehicle use, heat release materials(grease, sheet)，rubber molded products, industrial tapes, carbon fiber reinforced plastic (CFRP) composite mold materials.

Product Portfolio: The company has a product portfolio of PVB interlayers includes:

S-LEC: S-LECTM PVB interlayer film is available in 15 different color combinations. The S-LECTM Sound Acoustic film is developed to improve the sound insulating properties of glass. The coating enables bright yet cool and comfortable areas by preventing heat rays (infrared rays).

Key Development:

• In January 2018, The company decided to expand its European film production of the interlayer film for laminated glass　with a new film line at its plant in Roermond, and a new resin line at its plant in Geleen, both in the Netherlands. With the new film production line, the company aimed to produce a wedge-shaped interlayer film for head-up displays (HUD), which project information such as speed onto the car windshield

The global PVB interlayers market report would provide access to an approx: 61 market data tables, 53 figures and 255 pages.