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Polyvinyl Butrayl (pvb) Films For Automobile Market

Polyvinyl Butrayl (PVB) Films for Automobile Market

by Application (Windshields, Rear and Front View Mirrors, Windows and Dashboard Displays, Others.): Global Opportunity Analysis and Industry Forecast, 2021-2031

Report Code: A03459
Pages: 215
Aug 2022 | 4901 Views
Author(s) : Arpita K , Yerukola P
Tables: 125
Charts: 53
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Polyvinyl Butrayl (PVB) Films For Automobile Market Research, 2031

The global polyvinyl butrayl (pvb) films for automobile market size was valued at $189.2 million in 2021, and is projected to reach $277.8 million by 2031, growing at a CAGR of 4.7% from 2022 to 2031.

The COVID-19 moderately impacted the global polyvinyl butrayl (PVB) films for automobile market. During the COVID-19 pandemic, automotive manufacturing activities were halted temporarily during the lockdown in order to restrain the spread of new COVID-19 cases. This lowered the demand for PVB films for manufacturing impact-resistant automotive windshields. However, governments across the globe have taken steps to bolster automobile consumption, which is anticipated to propel demand for PVB films globally.

Polyvinyl butrayl (PVB) is a resin typically used in automotive applications that require strong binding, optical clarity, adhesion to many surfaces, toughness, and flexibility. PVB films possess high tensile strength, impact resistance, transparency & elasticity, which make them suitable for manufacturing of safety glass. These films attach firmly to glass so that even if the glass breaks, it adheres to the interlayer and shattering is prevented. In addition, they are utilized as raw materials for laminated safety glass sheet. Moreover, PVB films are embraced in wood coatings, wash primers, structural adhesives, inks/dry toners, and as binder for ceramics and composite fibers.

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Polyvinyl butyral (PVB) films have optical clarity, strong binding, excellent adhesion, flexibility, toughness, durability, noise reduction, resistance to UV radiation and harsh weather, and consequently, these are widely employed as an interlayer in laminated safety glasses. Laminated glass incorporates a protective interlayer, usually, PVB, bonded between two panels of glass. The bonding process takes place under heat & pressure. When laminated under these conditions, the PVB interlayer becomes optically clear and binds the two panes of glass together. Once sealed together, the laminate glass behaves as a single unit and looks like normal glass.

The global polyvinyl butrayl (PVB) films for automobile market has witnessed rapid growth in recent years, owing to increase in utilization of PVB films in production of safety glasses in vehicles. These films are also utilized in other components of automobiles such as in windshields, rear & front view mirrors, windows & dashboard displays. In addition, increase in application of these films in the automotive sector, owing to its properties such as heat & noise reduction, durability, and chemical stability propel the polyvinyl butrayl (PVB) films for automobilemarket growth. Moreover, major car manufacturers such as Audi, BMW, and Daimler are rapidly incorporating PVB resins in their vehicles for windshields, rear view mirror, windows, and sunroofs, which fuels adoption of PVB films. The ability of PVB-laminated structures to reduce heat and improve indoor air quality are other factors that propel the market growth. Increase in commercial use of PVB products by automobile manufacturers is expected to provide lucrative opportunities for the market growth. However, availability of alternatives is expected to restrain the market growth during the forecast period.

The global polyvinyl butrayl (PVB) films for automobile market is segmented on the basis of application and region. On the basis of application, the market is categorized into windshields, rear & front view mirrors, windows & dashboard displays, and others. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. The polyvinyl butrayl (PVB) films for automobile market share is analyzed across all significant regions and countries.

Major players operating in the global polyvinyl butrayl (PVB) films for automobile market include Eastman Chemical Company Company; Kuraray Co., Ltd.; SEKISUI CHEMICAL CO., LTD.; Chang Chun Group; DuLite PVB FILM; Huakai Plastic(Chongqing) Co., Ltd.; EVERLAM; Kingboard Holdings Limited; Jiaxing Fuying Composite Materials Co., Ltd.; and Jiaxing Willing Lamiglass Material GmbH (W.M.C).

Polyvinyl Butrayl (PVB) Films for Automobile Market
By Region

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Asia-Pacific is projected to register a robust growth during the forecast period

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Asia-Pacific is projected to register a robust growth during the forecast period. This is attributed to increase in usage of polyvinyl butrayl films in vehicle components such as windows, windshields, steering displays, and rear- and front-view mirrors, owing to their transparency and flexibility.

Polyvinyl Butrayl (PVB) Films for Automobile Market
By Application

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Windows and dashboard displays segment dominated the global polyvinyl butrayl (PVB) films market in 2021

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Windows and dashboard displays segment dominated the global polyvinyl butrayl (PVB) films market in 2021. PVB compounds are widely used in car windows & dashboard displays. It is a transparent resin that acts as a high-strength adhesive when put between two panes of glass. PVB films have exceptional flexibility, film-forming, and adhesive capabilities, as well as exceptional UV protection. Car windows are usually made of PVB laminated, glass which provide an increased sound barrier, superior impact resistance, and nearly 100% UV light absorption. Rise in demand for PVB films in window & dashboard displays is expected to boost the market throughout the forecast period.

COVID-19 Analysis:

The COVID-19 moderately impacted the global polyvinyl butrayl (PVB) films for automobile industry. During the COVID-19 pandemic, automotive manufacturing activities were halted temporarily during the lockdown in order to restrain the spread of new COVID-19 cases. This lowered the demand for PVB films for manufacturing impact-resistant automotive windshields. For instance, as per Organisation Internationale des Constructeurs d’Automobiles (OICA), global passenger car production declined by 16.9% in 2020 compared to the previous year, owing to the adverse impact of the pandemic. Further, from 2017 to 2020, China’s imports of motor vehicles dropped from 1,246,800 to 927,632 units, while vehicle imports from the U.S. decreased from 274,241 to 145,761 units. However, governments across the globe have taken steps to bolster automobile consumption, which is anticipated to propel demand for PVB films globally. For instance, the government of China has taken measures including postponing implementation of the China Six Emission Standard to January 2021, offering fiscal and taxation support, speeding up the elimination of obsolete diesel trucks, and optimizing secondhand vehicle trading channels. Therefore, owing to the abovementioned factors, demand for polyvinyl butrayl (PVB) films in the automotive sector is expected to surge during the pandemic.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the polyvinyl butrayl (pvb) films for automobile market analysis from 2021 to 2031 to identify the prevailing polyvinyl butrayl (pvb) films for automobile market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the polyvinyl butrayl (pvb) films for automobile market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global polyvinyl butrayl (pvb) films for automobile market trends, key players, market segments, application areas, and market growth strategies.

Polyvinyl Butrayl (PVB) Films for Automobile Market Report Highlights

Aspects Details
Application
  • Windshields
  • Rear and Front View Mirrors
  • Windows and Dashboard Displays
  • Others.
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, France, UK, Spain, Italy, Rest Of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Rest Of Asia-Pacific)
  • LAMEA  (Brazil, Saudi Arabia, South Africa, Rest Of LAMEA)
Key Market Players Chang Chun Group, DuLite PVB Film, Eastman Chemical Company, Everlam, Huakai Plastic (Chongqing) Co. Ltd., Jiaxing Fuying Composite Materials Co.Ltd, Jiaxing Willing Lamiglass Material Gmbh, KURARAY CO., LTD., Kingboard Holdings Limited, SEKISUI CHEMICAL CO LTD
 

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According to perspective of CXOs of leading companies, the polyvinyl butrayl (PVB) films for automobile market is anticipated to witness growth in the future, owing to its properties such as optical clarity, strong binding, excellent adhesion, flexibility, toughness, durability, noise reduction, resistance to UV radiation, and harsh weather. These are widely used as an interlayer in laminated safety glasses.

Growth of the automotive industry is projected to propel the polyvinyl butrayl (PVB) films for automobile during the forecast period. However, availability of alternatives is projected to hinder the market growth during the forecast period. Nevertheless, governments across the globe are taking crucial initiatives to propel development of the automotive sector, which is expected to boost demand for PVB films in the automotive sector. For instance, in September 2021, the government of India issued a notification regarding a Production Linked Incentive (PLI) scheme for automobile and auto components worth $ 3.49 billion. Therefore, rising government support is anticipated to create lucrative growth opportunities for the polyvinyl butrayl (PVB) films for automobile market during the forecast period.

Further, Asia-Pacific is projected to register a robust growth during the forecast period.

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FREQUENTLY ASKED QUESTIONS?

A. The global polyvinyl butrayl (PVB) films for automobile market was valued at $189.2 million in 2021, and is projected to reach $277.8 million by 2031, registering a CAGR of 4.4% from 2022 to 2031.

A. The global polyvinyl butrayl (PVB) films for automobile market has witnessed rapid growth in recent years, owing to increase in utilization of PVB films in production of safety glasses in vehicles. In addition, increase in application of these films in the automotive sector, owing to its properties such as heat & noise reduction, durability, and chemical stability propel the market growth.

A. Windows & dashboard displays is the leading application of Polyvinyl Butrayl (PVB) Films for Automobile Market.

A. Asia-Pacific is the largest regional market for Polyvinyl Butrayl (PVB) Films for Automobile

A. Major players operating in the global polyvinyl butrayl (PVB) films for automobile market include Eastman Chemical Company Company; Kuraray Co., Ltd.; SEKISUI CHEMICAL CO., LTD.; Chang Chun Group; DuLite PVB FILM; Huakai Plastic?Chongqing? Co., Ltd.; EVERLAM; Kingboard Holdings Limited; Jiaxing Fuying Composite Materials Co., Ltd.; and Jiaxing Willing Lamiglass Material GmbH (W.M.C). ?

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