PVB interlayers are thin protective materials sandwiched between two panels of glass. These interlayers are made from polyvinyl butyral resin, which has properties, such as strong bond, optical clarity, flexibility, toughness, and adhesion to several surfaces. The glasses with PVB interlayers are known as laminated glass, which are widely used in photovoltaic, construction, and automobile industries for several applications, such as acoustic insulation, protection from projectiles, safety & security and UV insulation. The growing manufacturing of vehicles and required safety glass regulations are the primary factors driving the PVB interlayers market.
The global PVB interlayers market has been seeing tremendous growth from the past few years. Increasing demand for PVB interlayers from end use industries, growing automotive vehicle production and sales across the globe and rising installation capacity of photovoltaics are some of the major driving factors behind the growth of the market. Likewise, growing focus on renewable sources for energy generation, consumption of PVB interlayers in renewable energy industry is anticipated to grow during the estimated timeframe. However, the availability of other substitutes for PVB interlayers is major restraining factor that could hamper the growth of the market.
The exclusive COVID 19 impact analysis report by Axiom MRC provides a 360 degree analysis of micro and macro-economic factors on the PVB interlayers market. In addition, complete analysis of changes on PVB interlayers market expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on global economies, international trade, business investments, GDP and marketing strategies of key players present in the market. COVID-19 pandemic has negatively impacted end use industries such as automotive, construction and photovoltaic industries. This is owing to the shutdown of various global automotive manufacturing facilities and shortage of labor force and raw materials during early pandemic period.
The study analyses global PVB interlayers market based on type, end use industry and geography.
Two major types such as standard PVB interlayers and structural PVB interlayers are analyzed in the global PVB interlayers market. The standard PVD interlayers segment dominated the market in 2020 and is expected to maintain its dominance during the forecast period. An increasing use of standard PVB interlayers in over 70% of laminated glass applications is major factor attributed to the segment growth. The key function of these standard PVB interlayers is to improve the security performance and safety, and enhance the UV protection and acoustic performance of the glass. Moreover, these interlayers are widely used in traditional 1-3 side and four side supported glass and minimally supported glass in facade systems, windows, floor, overhead, and balustrade.
Major end use industries of the global PVB interlayers market are automotive, construction and photovoltaic. The automotive end use industry is expected to dominate the market during the estimated period owing to the high demand for PVB interlayers. An increasing safety requirements in vehicles and trends in automotive production are the factors propelling the demand for PVB interlayers in this segment.
Geographically, the study is comprised of the key countries of North America, Europe, Asia-Pacific and Rest of the World. Asia Pacific likely to dominate the global PVB interlayers market during the estimated time frame. The APAC region has emerged as the largest consumer of PVB interlayers, due to the growth building & construction projects, production of electric vehicles, and solar photovoltaic installations in India, China, South Korea, Japan, among other countries in the region.
The major key players of market include Eastman Chemical Company, Kuraray, Sekisui Chemicals, Everlam, Genau Manufacturing Company, KB PVB, Chang Chun Group, Dulite Co.Limited, Huakai Plastic Co., Ltd, Willing Lamiglass Materials, Jiangsu Darui Hengte Technology and Tiantai Kanglai Co., Limited among others.
March 2021: Eastman Chemical Company announced it is making an investment to expand and upgrade its extrusion capabilities for production of interlayers product lines at its Springfield, Massachusetts, manufacturing facility. The investment will strengthen the company’s supply capability to respond to global and regional demand for Saflex polyvinyl butyral (PVB) products in the architectural and automotive markets.
November 2020: Eastman Chemical announced the partnership with Seen, a Swiss architectural-surfaces specialist, to market a line of bird-safe interlayers for laminated architectural glass. The partnership fits in with the company’s current business in polyvinyl butyral (PVB) interlayers for automotive and architectural safety glass.
November 2020: EVERLAM announced the launch of EVERLAM CLEARVIEW, a new generation of PVB film with optical quality and superior clarity. It combines the essential properties that make the status of EVERLAM PVB films and a novel formulation with improved properties of significantly reduced yellowness index for improved haze and better clarity and optical quality.
The study analyses global PVB interlayers market based on type, end use industry, and geography. Two major types such as standard PVB interlayers and structural PVB interlayers are analyzed in the global PVB interlayers market. The standard PVB interlayers segment is likely to dominate the market over the forecast period. Increased adoption of standard PVB interlayers in glass industry owing to its several benefits is attributed to the market growth. Major end use industries of the global PVB interlayers market are automotive, construction and photovoltaic. The automotive segment is likely to register fastest growth in years to come owing to the growing adoption of PVB interlayers by this industry. Geographically, the study is comprised of the key countries of North America, Europe, Asia-Pacific and Rest of the World.
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· The report also offers strategic recommendations in key business segments based on the market estimations and competitive landscape, mapping the key common trends of PVB interlayers market.