What is Global Polyvinyl Butyral (PVB) Resins Market?
The Global Polyvinyl Butyral (PVB) Resins Market is a comprehensive study of the global market trends and growth prospects for PVB resins. PVB resins are a type of plastic that is used in a variety of applications, including laminated safety glass, solar panels, and paints. The market for these resins is growing due to their superior properties such as high tensile strength, transparency, and excellent adhesion. The global market for PVB resins was valued at US$ 2134 million in 2022 and is expected to reach US$ 2722.8 million by 2029. This represents a compound annual growth rate (CAGR) of 3.5% during the forecast period from 2023 to 2029.
Higher Molecular Weight Grade PVB Resin, Medium Molecular Weight Grade PVB Resin, Lower Molecular Weight Grade PVB Resin, Modified PVB Resin in the Global Polyvinyl Butyral (PVB) Resins Market:
The Global Polyvinyl Butyral (PVB) Resins Market is segmented into four categories based on the molecular weight of the resin. These are Higher Molecular Weight Grade PVB Resin, Medium Molecular Weight Grade PVB Resin, Lower Molecular Weight Grade PVB Resin, and Modified PVB Resin. Among these, the Higher Molecular Weight Grade PVB Resin is the largest segment, accounting for nearly 85% of the market. This is due to its superior properties such as high tensile strength and excellent adhesion, which make it ideal for use in a variety of applications. The other segments, including Medium Molecular Weight Grade PVB Resin, Lower Molecular Weight Grade PVB Resin, and Modified PVB Resin, also have significant market shares, but their growth rates are lower than that of the Higher Molecular Weight Grade PVB Resin.
Buildings And Automotive Laminated Glass, PV Panels Sealing Material, Paints, Glues, Ink, Others in the Global Polyvinyl Butyral (PVB) Resins Market:
The Global Polyvinyl Butyral (PVB) Resins Market finds its usage in a variety of areas. These include Buildings And Automotive Laminated Glass, PV Panels Sealing Material, Paints, Glues, Ink, and Others. In the Buildings And Automotive Laminated Glass sector, PVB resins are used to create safety glass that is resistant to impact and shattering. In the PV Panels Sealing Material sector, PVB resins are used to seal solar panels, protecting them from the elements and ensuring their longevity. In the Paints, Glues, and Ink sectors, PVB resins are used as a binder, providing excellent adhesion and durability. In the Others sector, PVB resins are used in a variety of applications, including as a protective coating for various materials.
Global Polyvinyl Butyral (PVB) Resins Market Outlook:
The global Polyvinyl Butyral (PVB) Resins market has shown significant growth in recent years. In 2022, the market was valued at US$ 2134 million. It is projected to reach a value of US$ 2722.8 million by 2029, representing a compound annual growth rate (CAGR) of 3.5% during the forecast period from 2023 to 2029. The market is dominated by the top three manufacturers, who collectively hold a market share of about 60%. The largest segment of the market is the Higher molecular weight grade PVB resin, which accounts for nearly 85% of the market. This dominance is due to the superior properties of this type of resin, including high tensile strength and excellent adhesion, which make it ideal for a variety of applications.
| Report Metric | Details |
| Report Name | Polyvinyl Butyral (PVB) Resins Market |
| Accounted market size in 2023 | US$ 2215 million |
| Forecasted market size in 2029 | US$ 2722.8 million |
| CAGR | 3.5 |
| Base Year | 2023 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Sales by Region |
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| By Company | Eastman(Solutia), Kuraray, Sekisui, ChangChun Group, Huakai Plastic, Qingdao Haocheng, Kingboard(Fogang) Specialty Resin, Hongfeng, Wanwei Group, RongXin New Materials, Longcheng High-tech Material, Xinfu Pharm, Hui Da Chemical, Guangda Bingfeng, Sichuan EM Technology, Rehone Plastic |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
