According to the recent study the PVB interlayer market is projected to reach an estimated $5.86 billion by 2028 from $4.18 billion in 2023, at a CAGR of 7% from 2023 to 2028. Growth in this market is primarily driven by increasing automotive production, introduction of stringent glass safety regulations, and growing demand for renewable sources for energy generation, globally.
A more than 150–page
report is developed to understand trends, opportunities and forecast in PVB
interlayer market by type (standard PVB interlayer and structural PVB
interlayer), end use industry (automotive, building & construction, and
photovoltaic), and region (North America, Europe, Asia Pacific, and the Rest of
the World).
“Standard PVB interlayer market is expected to remain the largest
segment during the forecast period.”
Based on type, the PVB
interlayer market is segmented into standard PVB interlayer and structural PVB
interlayer. Lucintel forecasts that the standard PVB interlayer market is
expected to remain the largest segment because it is used in more than 70% of
various laminated glass applications owing to its enhanced safety and security
performance. Standard PVB interlayer also ensures improvement in the acoustic
and UV protection performance of glass.
“Within the PVB interlayer market, the photovoltaic segment is
expected to remain the largest end use industry.”
Based on end use
industry the photovoltaic segment is expected to witness the highest growth
over the forecast period because it provides benefits over other plastic
materials encapsulating in the photovoltaic modules.
“Asia pacific will dominate the PVB interlayer market in near
future.”
APAC will remain the
largest region during the forecast period due to increasing production of
electric vehicles and growing number of building & construction projects in
countries, such as China, India, Japan, and South Korea, in the region.
Major players of PVB
interlayer market are adopting various growth strategies like new product
launches, expansions, merger and acquisitions, partnerships, agreements, and
collaborations to expand their presence in this market. Eastman Chemical
Company, Kuraray, Sekisui Chemicals, Huakai Plastic, Everlam,Genau
Manufacturing Company, KB PVB, and Chang Chun Group are among the major PVB
interlayer providers.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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