세계의 폴리비닐부티랄(PVB) 생산능력, 생산량, 수요, 가격대, 예측(-2034년)

Polyvinyl Butyral (PVB) is a clear, colorless thermoplastic resin produced by reacting polyvinyl alcohol with butyraldehyde. It is primarily used as an interlayer in laminated glass, offering excellent optical clarity, strong adhesion, and impact resistance. The global PVB market was valued at USD 3.5 billion in 2024 and is forecasted to reach USD 4.7 billion by 2032, growing at a CAGR of 3.7%. The rising demand for safety glass in the various end-use industries such as automotive, construction, and photovoltaic industries is driving this growth for PVB resins in the forecast period.

PVB Demand Analysis

The polyvinyl butyral (PVB) market is primarily segmented by applications such as extruded films and sheets, adhesives, paints and coatings, defense, and other niche uses. Among these, extruded films and sheets dominate the market, largely because of their critical role as safety interlayers in laminated glass. This type of glass is widely used in the automotive and construction industries for windshields, side windows, facades, and skylights, thanks to PVB's strong bonding, optical clarity, and impact resistance.

The growing demand for lightweight, high-performance materials in automotive manufacturing further boosts the use of PVB films, helping automakers meet fuel efficiency and safety standards. In the construction sector, increasing emphasis on building safety and energy-efficient designs drives the demand for laminated glass incorporating PVB interlayers.

In the photovoltaic industry, the demand for PVB films is gaining traction as PVB resins are used as encapsulants in solar panels, where durability and transparency are key. Meanwhile, PVB's excellent adhesive properties and flexibility make it valuable in paints, coatings, and specialty defense applications, including ballistic glass. These diverse applications continue to support the steady growth of the global PVB market.

Regional Market Dynamics

Asia-Pacific stands as the largest regional market for Polyvinyl Butyral (PVB), propelled by rapid industrialization, a booming automotive sector, and increasing construction activities. Key countries including China, India, Japan, and South Korea play a major role in this growth, further supported by substantial investments in solar energy projects and the adoption of advanced glazing technologies. The region's expanding middle class and urbanization trends also contribute to higher demand for safety glass in automotive and architectural applications.

In North America and Europe, the PVB market is characterized by steady and mature demand, largely driven by stringent safety regulations and growing emphasis on energy-efficient building designs. These regions benefit from established manufacturing infrastructure and innovation in laminated glass products, such as enhanced sound insulation and UV protection features. Government incentives promoting green buildings and sustainability are also key factors maintaining consistent market growth.

Competitive Landscape

The PVB market features several prominent producers, including DuPont, Eastman Chemical Company, Sekisui Chemical Company, Chang Chun Petrochemical, Kingboard Specialty Resins, Kuraray, Huakai Plastic, Everlam, Dulite, and others. Competition centers on product quality, innovation in film properties, manufacturing efficiency, and global distribution. Companies are actively investing in research and development to improve durability, reduce environmental impact, and meet stringent industry standards.

Rising Demand in Automotive Laminated Glass

The automotive sector dominates the PVB market due to the material's crucial role in manufacturing laminated safety glass, especially windshields. PVB films hold glass layers together during accidents, preventing shattered glass from causing injuries. This safety benefit, along with UV protection, impact resistance, and sound insulation, makes PVB laminated glass essential in vehicles. Increasing automobile production and stricter safety regulations worldwide are expected to further boost PVB demand in this segment.

Growth in Construction and Photovoltaic Applications

In the construction industry, PVB glass is commonly used for safety glazing in windows, facades, and skylights. The demand is fueled by rising building codes mandating safety glass, along with a growing emphasis on energy efficiency and noise reduction. Meanwhile, the photovoltaic sector is an emerging market for PVB, which is used as an interlayer in thin-film solar panels. PVB provides protection to solar circuits from environmental damage and is preferred for its cost-effectiveness and impact resistance. The global shift toward renewable energy sources is expected to accelerate PVB adoption in this industry.

Production Challenges and Environmental Concerns

Despite its advantages, PVB production is capital-intensive, requiring specialized temperature-controlled chambers and large autoclaves for lamination. This makes manufacturing costly compared to alternatives like Ethylene Vinyl Acetate (EVA), which can be processed in simpler, smaller furnaces. PVB production generates substantial wastewater, raising environmental concerns. Stringent regulations on industrial waste management increase operational costs for manufacturers. The COVID-19 pandemic also temporarily disrupted demand due to shutdowns in the automotive and construction sectors.

Table of Contents

1. Introduction

• Scope
• Market Coverage
  • Application
  • Regions
  • Countries
• Years Considered
  • Historical - 2018 - 2023
  • Base - 2024
  • Forecast Period - 2025 - 2034
• Research Methodology
  • Approach
  • Research Methodology
  • Prismane Consulting Market Models
  • Assumptions & Limitations
  • Abbreviations & Definitions
  • Conversion Factors
  • Data Sources

2. Market Synopsis

• Market Evolution
• Demand Overview
• Industry Structure
• Strategic Issues
• End-use Trends
• Growth Forecast

3. Economic & Energy Outlook

• GDP and Demographics
• Monetary & Fiscal Policies
• Crude Oil Production and prices
• Natural Gas
• Electricity Prices

4. End-use Sector Performance

• Building & Construction
• Automotive
• Paints & Coatings
• Defence
• Electrical & Electronics
• Others

5. Introduction to Polyvinyl Butyral (PVB) and Market Overview

• Product Description
• Grades & Properties
• Raw Material
• Manufacturing Process
• Environmental Issues
• Value Chain
• Applications

6. Market Dynamics and Industry Trends

• Market Dynamics
  • Drivers
  • Restraints
  • Opportunities
  • Challenges

7. Global Polyvinyl Butyral (PVB) Demand Analysis, By Application (Volume, Value) (2018-2034)

• Strategic Issues and COVID-19 Impact
• Demand Analysis and Forecast (2018- 2034)
  • Demand
  • Demand Growth Rate (%)
  • Driving Force Analysis
• Global Polyvinyl Butyral (PVB) Market, By Application
• Extruded Films and Sheets
  • Construction
  • Automotive
  • Photovoltaic
• Adhesives
• Paints & Coatings
• Defence
• Others

8. Demand Analysis and Market Review, By Region, By Country (Volume, Value), (2018- 2034)

• Strategic Issues and COVID-19 Impact
• Demand Analysis and Forecast (2018 - 2034)
• Demand
• Demand Growth Rate (%)
• Polyvinyl Butyral (PVB) Market, By Application

Note: Demand Analysis has been provided for all major Regions / Countries as mentioned below. The demand (consumption) split by application has been provided for each of the countries / regions in Volume (Kilo tons) and Value (USD Million).

• North America
• USA
• Canada
• Mexico
• Western Europe
• Germany
• France
• Italy
• United Kingdom
• Spain
• Rest of Western Europe
• Central & Eastern Europe
• Russia
• Poland
• Rest of Central & Eastern Europe
• Asia-Pacific
• China
• Japan
• India
• South Korea
• Rest of Asia-Pacific
• Central & South America
• Middle East & Africa

Note: CAGR will be calculated for all the applications to arrive at the regional / global demand growth for the forecast period (2025 - 2034)

9. Pricing Analysis

10. Key Strategic Issues and Business Opportunity Assessment

• Market Attractiveness Assessment
• Prospective & Target Market Study

11. Strategic Recommendation & Suggestions

12. Company Analysis

• Polyvinyl Butyral (PVB) Manufacturers Profiles/ Company Analysis
  • Basic Details
  • Headquarter, Key Markets
  • Ownership
  • Company Financial
  • Manufacturing Bases
  • Global Turnover
  • Total Employee
  • Product Portfolio / Services / Solutions
  • Key Business Strategies adopted and Prismane Consulting Overview
  • Recent Developments
  • Companies Covered -
• DuPont
• Eastman Chemical Company
• Sekisui Chemical Company
• Chang Chun Petrochemical Company Limited
• Kingboard Specialty Resins Limited
• Kuraray Company Limited
• Huakai Plastic Company Limited
• Everlam
• Dulite Company Limited
• Hunan Xiangwei Company Limited
• Anhui Wanwei Group Co., Ltd.
• Other Manufacturers

Note: This section includes company information, company financials, manufacturing bases and operating regions. Company financials have been mentioned only for those companies where financials were available in SEC Filings, annual reports, or company websites. All the reported financials in this report are in U.S. Dollars. Financials reported in other currencies have been converted using average currency conversion rates. Company profiles may include manufacturers, suppliers, and distributors.

13. Appendices

• Demand - Regions
• Demand - Countries