APAC is Projected To Account For The Largest Share of The PVB Interlayers Market

The report "PVB Interlayers Market by Type (Standard Polyvinyl Butyral and Structural Polyvinyl Butyral), End-use Industry (Automotive, Building & Construction, and Photovoltaic), Region (North America, Europe, APAC,RoW) - Global Forecast to 2024", The PVB interlayers market size is estimated to be USD 3.1 billion in 2019 and projected to reach USD 4.4 billion by 2024, at a CAGR of 7.3%. The growing demand for safety glass/laminated glass from the automotive, construction, and photovoltaic industries is expected to drive the market.

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Photovoltaic to be the fastest-growing end-use segment of the PVB interlayers market.

The demand for PVB interlayers in the photovoltaic industry is expected to grow at a relatively high rate, driven by its advantages over other plastic materials as an encapsulant in the photovoltaic modules. Owing to the growing focus on renewable sources for energy generation, the consumption of PVB interlayers in this end-use industry segment is projected to grow during the forecast period.

Standard to be the largest type segment of the PVB interlayers market.

Standard PVB interlayers are used in more than 70% of laminated glass applications. The major function of these interlayers is to enhance the safety and security performance, and improve the acoustic and UV protection performance of the glass. These interlayers are used in traditional four side supported glass and 1-3 side and minimally supported glass in windows, façade systems, overhead, floor and balustrade. However, these interlayers have comparatively lower post breakage performance. Hence, these interlayers are been replaced by advanced interlayers, such as PVB structured interlayers and ionoplast interlayers. In additionally, these interlayers have limitations, such lower strength and increased weight in comparison to monolithic glass.

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Key Market Players

The leading players in the PVB interlayers market are Eastman Chemical Company (US), Kuraray (Germany), Sekisui Chemicals (Japan), Everlam (Belgium), Genau Manufacturing Company (India), KB PVB (China), Chang Chun Group (China), DuLite (China), Huakai Plastic (China), Willing Lamiglass Materials (China), Jiangsu Darui Hengte Technology (China), and Tiantai Kanglai Industrial (China). These players have strong R&D and focus on producing high-performance products to meet the demands of end users.