BusinessNews

The Global market for Polyvinyl Butyral (PVB) resins is projected to grow at a CAGR of 3.33% during the forecast period of 2022-2027

Polyvinyl Butyral (PVB) resins market 2023

The global Polyvinyl Butyral (PVB) Resins market is projected to grow with a CAGR of 3.33% from 2021 to 2027, reaching a value of 181.34 Million USD in 2021. The market research report provides insights on the post COVID-19 impact, which will help market players in this field evaluate their business approaches. The report covers market segmentation by major market vendors, types, applications/end users and geography, including North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, and South America.

Polyvinyl Butyral Resins (PVB resin) is a thermoplastic resin produced from the condensation reaction of PVA (Polyvinyl Acetate) and butylaldehyde. It is mostly used for applications that require strong binding, optical clarity, adhesion to many surfaces, toughness and flexibility. The global production of PVB resins is mainly concentrated in Europe, North America, and Japan. China’s production of PVB resins accounts for a certain share of the global PVB resins market, but it is mainly low-end products. In 2015, the global production of PVB resins was about 280232 MT, and the production in 2011 was about 236671 MT, with a gross margin of about 30.25%. In 2015, China’s production of PVB resins was about 55263 MT, and the production in 2011 was 37544 MT.

Read More: https://www.24chemicalresearch.com/reports/187284/global-regional-polyvinyl-butyral-resins-2022-2027-796

The main consumption regions are Europe, the USA, and China. Europe is the largest consumption region, accounting for about 38.41% of global consumption. The PVB resins industry is highly concentrated, mainly in three manufacturers: Eastman, Kuraray, and Sekisui. With the increasing demand for PVB resins, many Chinese enterprises have been put into operation in recent years, such as Sichuan EM Technology, Rehone Plastic, RongXin New Materials, etc. Although the sales of PVB resins bring many opportunities, the report recommends that new entrants without technical advantages and downstream support should not enter the PVB resins field.

The report also includes market analysis by vendors, types, and applications. The major vendors in the market include Eastman(Solutia), Kuraray(Dupont), 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, and Rehone Plastic. The types of PVB resins include Higher molecular weight grade PVB resin, Medium molecular weight grade PVB resin, Lower molecular weight grade PVB resin, and Modified PVB resin. The applications of PVB resins include Buildings and automotive laminated glass, PV panels sealing material, Paints, glues, Ink, etc.

The report also includes a detailed analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors. Additionally, it includes global and regional market analysis, market trends, opportunities, and drivers. The report concludes that the PVB resins market is expected to grow in the forecast period due to the increasing demand for PVB resins in various end-use industries such as construction, automotive, and solar energy. However, the market may face challenges due to the volatile raw material prices and environmental regulations.

Download Sample report: https://www.24chemicalresearch.com/download-sample/187284/global-regional-polyvinyl-butyral-resins-2022-2027-796

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button