PVB Interlayers Industry Worth $4.4 Billion, by 2024 - Exclusive Report by MarketsandMarkets

According to the new market research report "PVB Interlayers Market by Type (Standard Polyvinyl Butyral and Structural Polyvinyl Butyral), End-use Industry (Automotive, Building & Construction, and Photovoltaic), Region (North America, Europe, APAC,RoW) - Global Forecast to 2024", published by MarketsandMarkets, the PVB Interlayers Market size is estimated to be USD 3.1 billion in 2019 and projected to reach USD 4.4 billion by 2024, at a CAGR of 7.3%. The growing demand for safety glass/laminated glass from the automotive, construction, and photovoltaic industries is expected to drive the market.

Structural PVB interlayer is estimated to be the larger type segment of the PVB interlayers market.

Structural PVB interlayer is the larger type segment than the standard type segment of the PVB interlayers Industry. Owing to the enhanced properties and advantages, structural PVB interlayers are used in automotive, construction, and photovoltaic industries.

The automotive end-use industry is expected to lead the market during the forecast period.

The automotive industry is estimated to lead the market during the forecast period due to the high demand for PVB interlayers. The trends in automotive production and increasing safety requirements in vehicles are the factors driving the demand for PVB interlayers in this segment.

APAC is projected to account for the largest share of the PVB Interlayers Industry, globally, during the forecast period.

APAC is projected to lead the overall PVB Interlayers Market in the forecast period. The region has emerged as the largest consumer PVB interlayers, owing to the growth in production of electric vehicles, construction, and most importantly photovoltaic in countries such as China, India, Japan, and South Korea. The leading players in the PVB interlayers Industry are Eastman Chemical Company (US), Kuraray (Germany), Sekisui Chemicals (Japan), Everlam (Belgium), Genau Manufacturing Company (India), KB PVB (China), Chang Chun Group (China), DuLite (China), Huakai Plastic (China), Willing Lamiglass Materials (China), Jiangsu Darui Hengte Technology (China), and Tiantai Kanglai Industrial (China).