POLYVINYL BUTYRAL (PVB) FILMS & SHEETS MARKET ANALYSIS

Polyvinyl Butyral (PVB) Films & Sheets MarketSize and Trends

Market Dynamics

The global polyvinyl butyral films & sheets market is expected to exhibit impressive CAGR during the forecast period (2019-2027). Increasing application of polyvinyl butyral films & sheets in various end-use industries is expected to drive growth of the global polyvinyl butyral films & sheets market over the forecast period. One of the major applications of these are in window covering, as it efficiently saves energy and helps in reducing noise in the house. Moreover, increasing production of automobiles is expected to result in rising demand for polyvinyl butyral sheets and films globally.

Market Outlook

On the basis of region, the global polyvinyl butyral films and sheets market is segmented in to North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. Asia Pacific is expected to hold dominant position in the global polyvinyl butyral films and sheets market over the forecast period, owing to growth of automotive and construction industries in emerging economies such as China and India. In 2014, 35% volume share of the global PVB films and sheets market was contributed by Asia Pacific. In addition, demand for PVB sheets and films is expected to increase due to growth ground transportation industry in the region. In North America and Europe, the market is expected to witness accountable growth due to recovery from economic slowdown.