Analysis on Global Polyvinyl Butyral Market 2016-2020 report adds in RnRMarketResearch.com.
The analysts forecast global polyvinyl butyral (PVB) market to grow at a CAGR of 5.76% during the period 2016-2020.PVB is a versatile thermoplastic material produced from polyvinyl alcohol (PVOH). PVOH is manufactured from polyvinyl acetates through transesterification. Aqueous PVOH reacts with an aldehyde in the presence of small amounts of mineral acids to yield PVB, which precipitates out from the solution and is filtered, washed, and dried. The product PVB invariably contains a small percentage of residual hydroxyl and acetyl groups. This resultant group along with butyral group dominates the characteristic properties of PVB.
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Growing photovoltaic industry will be a key trend for market growth. PVB resins have gained acceptance among manufacturers of photovoltaic thin film solar modules. Increasing applicability of PVB resins in the solar energy generation industry is expected to provide new opportunities for market growth. The solar industry is anticipated to grow at a CAGR of 14% during the forecast period. The growing economic forces, investment in R&D activities, continuous technological developments, and converging opportunities for the photovoltaic industries will drive the market for PVB. Key companies manufacturing PVB resins are focusing on the efficiency of thin films, processing innovations, and low-cost processing and manufacturing techniques to increase the production capacity of solar panels.
According to the polyvinyl butyral (PVB) market report, automotive production is anticipated to grow at a CAGR of 6.4% by volume. Premium automobiles are experiencing substantial adoption of PVB resins not only as windscreens but also as side windows and sunroofs. These PVB-laminated structures have the ability to reduce heat while preserving views, and improve indoor air quality. The increase in the commercial use of PVB products by automobile manufacturers will be the major growth driver during the forecast period.
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Further, the report states that the European PVB resins market has been showing a sign of saturation as the overall growth of European economy is low; therefore, the construction industry is also growing at very low growth rate. The demand for PVB-laminated glass is also low, which is a challenge for the PVB market. This has made it tough for new manufacturers to enter the European market. With the declining activity in the construction industry, use of PVB films and sheets has reduced, which is ultimately affecting the consumption of PVB resins.
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