DALLAS, November 19, 2014 /PRNewswire/ --
The report, "Polyvinyl Butyral (PVB) Market by Application (Films & Sheets, Paints & Coatings and Adhesives), PVB Films & Sheets Market by End-user Industry (Automotive, Construction and Photovoltaic) and by Region - Trends and Forecasts to 2019", published by MarketsandMarkets, defines and segments the PVB resins and PVB films & sheets market with analysis and forecast of the market size.
Browse 104 market data tables and 61 figures spread through 185 pages and in-depth TOC on "Polyvinyl Butyral (PVB) Market - Trends and Forecasts to 2019"
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PVB resins Market is projected to a value of $3,710.19 Million by 2019, signifying firm annualized growth of 5.61% between 2014 and 2019. PVB films & Sheets is projected to a value of $3,391.43 Million by 2019, signifying firm annualized growth of 5.67% between 2014 and 2019.
Asia-Pacific - The biggest market of PVB resins and PVB films & sheets.
PVB is manufactured from the condensation reaction of polyvinyl alcohol (PVA) and n-butyraldehyde. The PVB resins market in Asia-Pacific is one of the fastest-growing consumers across the globe and the trend is expected to continue in the near future. Asia-Pacific is the biggest market for PVB resins, and accounted for a share of more than 39.68% of the total market size in terms of volume in 2013 which was majorly contributed by China. It is also estimated that China is the fastest-growing market of PVB resins in the region. The high growth in this region is mainly driven by growing population, vast economies-developed as well as developing, favorable investment policies, and government initiatives to promote industrial growth.
Films & sheets - The fastest-growing market for PVB resins.
The PVB films & sheets market is one of the fastest-growing applications globally and the trend is expected to continue in the near future. Asia-Pacific is the biggest market for PVB films & sheets, and accounted for a share of more than 46.87% of the total market size in 2013. It is also estimated that China is the fastest-growing market of PVB films & sheets in the region.
The U.S. and China are at forefront of PVB resins and PVB films & sheets consumption, while Germany, Belgium, Japan, and U.K. are other key markets for PVB resins & PVB films & sheets consumption. China is the key market in Asia-Pacific, consuming more than half of the demand for resins and PVB films & sheets, followed by Japan, Taiwan, South Korea, and India where consumption is growing at a steady rate. Increase in the consumption of PVB resins for films & sheets, paints & coatings and adhesives has been observed in Asia-Pacific due to continued industrialization and rise in the manufacturing sector of the region. Films & sheets are projected to be the fastest-growing application segment followed by adhesives between 2014 and 2019. Polyvinyl Butyral Market is expected to witness a slow growth due to the stagnant market at European economy.
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