Polyvinyl Butyral Market to cross $ 3.9 bn by 2024 Kuraray, Sekisui and Eastman
Date: 2018-10-25   Author: Rahul Varpe  Category: #market

Polyvinyl Butyral Market to cross $ 3.9 bn by 2024  Kuraray, Sekisui and Eastman

The burgeoning demand for laminated safety glass in automobile sector has augmented the growth potential of polyvinyl butyral market share. In this regard, the prominent polyvinyl butyral market giants have been working relentlessly to enhance their existing product portfolio to offer improved laminated safety glasses. To cite an instance, one of the leading polyvinyl butyral industry behemoth, the Eastman Chemical Company has recently introduced Saflex® VIEW ST, an advanced multi-angle wedge interlayer which assists in correcting the head-up displays (HUD) image distortion in complex windscreens and refines the display capability of automotive glass. 

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With the latest interlayer, the wedge angle could be adjusted to broaden the range of driver height and accommodate tall and short drivers. It goes without saying that such moves highlight the growing significance of PVB lamination in automotive windshields, which would eventually propel the polyvinyl butyral industry space over the next seven years of time span. 

Over the recent years, polyvinyl butyral (PVB) market size has been amplifying at an exceptional pace owing to PVB’s extensive deployment by a host of prominent and high-growth industries including automotive and transportation, building and construction, and defense to name a few. Owing to PVB’s commendable properties, which include high strength, improved impact resistance ability, and toughness, the polymer has been increasingly cementing its reputation as a rather crucial component across a range of business verticals. 

Apparently, it is quite self-evident from the aforementioned declarations that the global polyvinyl butyral industry, which held a rather striking remuneration portfolio in excess of USD 2.3 billion in 2016, is set to garner impressive popularity over the estimated time frame.

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Concurrently, it would be prudent to take note of the fact that the foremost industry participants appear to be optimistic regarding the prospective growth of the global polyvinyl butyral market. Apparently, the rising optimism has resulted in innovative product launches by the leading market players, a trend which has favorably influenced the overall polyvinyl butyral industry share. Citing an instance, the European arm of Japan-based specialty chemicals manufacturer Kuraray Co. Limited, Kuraray Europe GmbH (KEG) has recently released a unique plasticizer-free PVB film based on its trademark brand name Mowital®. 

Reportedly, the latest PVB film has been named as Trosifol® Thin Film, which can be utilized to laminate different materials and can also be used as a thermoplastic interlayer courtesy – its excellent bonding prowess and outstanding optical transparency. Furthermore, according to the renowned polyvinyl butyral market player, the new PVB film is said to possess a slew of novel characteristics such as being non-toxic, transparent, equipped with almost unlimited shelf-life, and has multi-layer structures made of various substrates. 

Needless to say, such proactive and dynamic product innovations would compel other leading industry players to follow suit and release enhanced versions of their products, which would consequentially boost the fortunes of the polyvinyl butyral industry share in the forthcoming years.

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Improved adhesiveness, recyclability and eco-friendly properties of PVB are likely to open up new growth avenues for the polyvinyl butyral industry biggies, which would eventually contribute toward the rapid growth of this business space over the years ahead. According to estimates, polyvinyl butyral market size is forecast to surpass a total valuation of USD 3.9 billion by 2024.



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Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for AlgosOnline. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. ...

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