The Latest Polyvinyl Butyral Industry Statistics Explained
The global market for Polyvinyl Butyral (PVB) was valued at $3.04 billion in 2019.
The statistic that the global market for Polyvinyl Butyral (PVB) was valued at $3.04 billion in 2019 signifies the total monetary worth of all PVB products and services traded internationally within that year. This value reflects the significant demand for PVB, which is widely used in various industries such as automotive, construction, and photography. The $3.04 billion market size suggests a thriving market for PVB, with opportunities for growth and innovation within the industry. This statistic provides valuable insight into the economic importance and market dynamics of PVB on a global scale.
This same global PVB market is predicted to reach $4.46 billion by 2027.
This statistic indicates that the global market for polyvinyl butyral (PVB) is projected to grow significantly in the future, with estimates suggesting that it will reach a value of $4.46 billion by the year 2027. This growth forecast signifies an increasing demand for PVB, which is commonly used in industries such as automotive, construction, and packaging due to its properties like transparency, strength, and adhesion. The predicted rise in market size can be attributed to factors such as technological advancements, urbanization trends, and the expansion of the construction and automotive sectors worldwide. This statistic serves as an important indicator for businesses and investors operating in the PVB market, highlighting potential opportunities for growth and expansion in the coming years.
The global PVB market is predicted to grow at a Compound Annual Growth Rate (CAGR) of 5.6% from 2020 to 2027.
The statistic indicates that the global Polyvinyl Butyral (PVB) market is projected to experience significant growth over the period from 2020 to 2027, with a Compound Annual Growth Rate (CAGR) of 5.6%. This implies that the market for PVB, which is a key material used in industries such as automotive, construction, and electronics, is expected to expand steadily at an average annual rate of 5.6% during the specified timeframe. The CAGR metric provides a compounded growth rate that helps to smooth out any fluctuations in growth rates over the years, giving a more accurate representation of the overall growth trend in the market. This forecast suggests optimism in the demand for PVB products and application areas, potentially driven by factors such as technological advancements, increasing construction activities, and growth in the automotive sector.
The Asia Pacific region was the largest market for PVB in 2019, with over 60% of total market revenue.
The statistic indicates that in 2019, the Asia Pacific region accounted for more than 60% of the total market revenue for PVB (polyvinyl butyral), making it the largest market for this product. This suggests a strong demand for PVB in the Asia Pacific region, likely driven by factors such as increasing construction activities, automotive production, and technological advancements requiring the use of PVB in various applications like safety glass, solar panels, and automotive windshields. The significant market share held by the Asia Pacific region underscores its importance in the global PVB industry and highlights the region’s influence on market trends and growth in this sector.
China alone accounted for more than 45% of the Asia Pacific’s PVB market revenue in 2019.
This statistic indicates that in 2019, China’s market dominance in the Asia Pacific region was significant, with the country contributing more than 45% of the total revenue generated in the Polyvinyl butyral (PVB) market. This suggests that China plays a central role in the PVB industry within the Asia Pacific region, highlighting the country’s economic importance and strong presence in this particular market sector. The high market share also implies that China likely has a competitive advantage in PVB production or consumption compared to other countries in the region, positioning it as a key player driving the growth and direction of the PVB market in the Asia Pacific.
The PVB films and sheets market size is predicted to reach $4.9 billion by 2026.
The statistic indicates that the market size for PVB (polyvinyl butyral) films and sheets is forecasted to grow to $4.9 billion by the year 2026. This prediction suggests a significant increase in the demand and consumption of PVB films and sheets due to various factors such as advancements in technology, growth in end-use industries like automotive and construction, and increasing awareness about the benefits offered by PVB materials. The projected market size signifies potential opportunities for businesses operating in the PVB industry to expand their market share, introduce innovative products, and capitalize on the growing demand for PVB films and sheets in the coming years.
The PVB films and sheets market size CAGR is projected at around 5.8% in terms of revenue from 2020 to 2026.
The statement indicates that the Compound Annual Growth Rate (CAGR) for the PVB (Polyvinyl Butyral) films and sheets market in terms of revenue is expected to be around 5.8% between the years 2020 and 2026. This CAGR figure signifies the annual growth rate at which the market is anticipated to expand over the specified period. A CAGR of 5.8% suggests a moderate to healthy growth trajectory for the PVB films and sheets market, indicating a steady increase in revenue over the years 2020 to 2026. This statistic provides valuable insights for businesses, investors, and stakeholders interested in understanding the potential growth prospects and opportunities in the PVB films and sheets industry.
The US is one of the significant consumers of PVB films and sheets following Asia Pacific.
The statistic indicates that the United States is a major consumer of PVB (Polyvinyl butyral) films and sheets, second only to the Asia Pacific region, which comprises various countries in Asia. This suggests that the US market has significant demand for PVB products, likely due to its diverse applications across industries such as automotive, construction, and solar energy. The ranking implies that the US plays a prominent role in the global consumption of PVB films and sheets, with Asia Pacific leading in terms of overall consumption volume. This information is valuable for businesses operating in the PVB industry, as it highlights the importance of both the US and Asia Pacific markets in driving demand for these products.
Europe PVB films and sheets market is expected to reach $980 million by 2026.
The statistic indicates that the market for polyvinyl butyral (PVB) films and sheets in Europe is projected to grow to a value of $980 million by the year 2026. This forecast suggests a significant increase in demand for PVB films and sheets in Europe over the coming years, likely driven by factors such as growth in industries like automotive, construction, and solar energy that use these materials for their unique properties like transparency, strength, and adhesion. This growth projection is important for industry stakeholders, investors, and policymakers to take into consideration when making strategic decisions and planning for the future of the PVB market in Europe.
The construction segment held over 30% share in the PVB films and sheets market in 2019.
This statistic indicates that the construction industry accounted for more than 30% of the total market share in the PVB films and sheets market in the year 2019. PVB (Polyvinyl butyral) films and sheets are commonly used in the construction sector for applications such as laminated safety glass windows, glass doors, and architectural glazing. The significant market share held by the construction segment suggests that this industry is a key driver of demand for PVB films and sheets, highlighting the importance of this sector in the overall market dynamics and signaling potential growth opportunities and trends within the construction industry.
In 2020, the Global Polyvinyl Butyral Market was valued at $3.3 billion.
The statistic states that in 2020, the global market for Polyvinyl Butyral (PVB) was estimated to be worth $3.3 billion. PVB is a polymer widely used in various industries such as automotive, construction, and electronics for its unique properties such as transparency, adhesion, and impact resistance. The market value of $3.3 billion indicates the total revenue generated from the sale of PVB products worldwide in that year. This figure reflects the demand for PVB in different sectors and highlights its significance as a versatile material in modern manufacturing processes, pointing towards the potential growth and economic impact of the PVB industry on a global scale.
The Global Polyvinyl Butyral Market is forecasted to grow at a CAGR of 6.8% from 2021 to 2028.
The statement indicates that the global polyvinyl butyral market is expected to experience a Compound Annual Growth Rate (CAGR) of 6.8% between 2021 and 2028. This means that, on average, the market size for polyvinyl butyral is projected to increase by 6.8% every year during this period. The CAGR helps in measuring the smooth annual growth rate of the market and provides a more accurate representation of the growth trend compared to simple annual growth rates. This forecast suggests that the demand for polyvinyl butyral is expected to steadily rise over the specified time frame, reflecting potential opportunities for market expansion and development within the industry.
The automotive sector accounted for 75% of the Global PVB usage in 2020.
The statistic “The automotive sector accounted for 75% of the Global PVB usage in 2020” indicates that within the global market for Polyvinyl butyral (PVB), an important material used in various industries such as automotive, construction, and photovoltaic applications, the automotive sector was the dominant consumer in 2020. Specifically, 75% of all PVB used worldwide in that year was attributed to the automotive industry. This statistic suggests that the automotive sector is a major player in the demand for PVB, likely due to its widespread use in automotive safety glass applications, such as windshields and side windows, as well as in other parts of vehicles, highlighting the significance of PVB in the automotive manufacturing supply chain.
Eastman Chemical Company held the largest market share in the Global PVB industry in 2020.
The statistic indicates that Eastman Chemical Company had the highest percentage of sales or revenue compared to its competitors in the Global Polyvinyl Butyral (PVB) industry in 2020. This means that Eastman Chemical Company dominated the market and had a significant influence on pricing, competition, and overall industry trends. Holding the largest market share suggests that the company was successful in attracting and retaining customers, offering competitive products or services, and effectively marketing its offerings to target audiences in the PVB industry during the specified year.
The North America PVB market size is projected to exceed USD 1 billion by 2027.
The statistic “The North America PVB market size is projected to exceed USD 1 billion by 2027” indicates that the Polyvinyl butyral (PVB) market in North America is expected to grow significantly over the next few years, reaching a value of more than $1 billion by the year 2027. This projection suggests a positive outlook for the PVB industry in the region, likely driven by factors such as increasing demand for safety glass in construction and automotive sectors, technological advancements, and expanding applications of PVB materials. Such growth projections can be beneficial for stakeholders in the PVB market, including manufacturers, suppliers, and investors, as they can strategize and capitalize on opportunities presented by this anticipated market expansion.
The demand for architectural application is expected to rise at over 5.5% CAGR through 2027 in North America.
This statistic means that the demand for architectural applications in North America is forecasted to experience a Compound Annual Growth Rate (CAGR) of over 5.5% from the current year through 2027. This signifies a steady and sustained increase in the demand for architectural services, products, or technologies within the region over the specified time period. The growth rate of 5.5% suggests a positive trend in the industry, indicating potential opportunities for architects, construction firms, manufacturers, and other stakeholders in the architectural sector to capitalize on this growth and expand their businesses in the North American market.
The automotive end-use sector accounted for more than 70% share of the North American PVB market in 2020.
The statistic highlights that the automotive end-use sector played a significant role in driving the North American Polyvinyl Butyral (PVB) market in 2020, capturing over 70% of the market share. This indicates that PVB, a key material used in the production of laminated glass for automotive applications, was predominantly consumed by the automotive industry during that year. The high market share suggests a strong demand for PVB in the automotive sector, likely due to factors such as increasing vehicle production, heightened safety regulations requiring laminated glass, and a growing preference for advanced automotive technologies. This underscores the importance of the automotive industry as a major contributor to the growth and dynamics of the North American PVB market in 2020.
The consumption of PVB in Canada was over 1.3 kilo tons in 2020.
The statistic “The consumption of PVB in Canada was over 1.3 kilo tons in 2020” indicates that the total amount of polyvinyl butyral (PVB) used in various applications within Canada in the year 2020 exceeded 1.3 kilo tons. This suggests a significant demand for PVB, a versatile material commonly used in industries such as automotive, construction, and manufacturing. The consumption of over 1.3 kilo tons underscores the importance of PVB within the Canadian market and may signal ongoing growth or stability in sectors utilizing this material. Tracking the consumption of PVB provides valuable insights into industrial trends, economic activity, and potential environmental impacts associated with its use.
References
0. – https://www.www.grandviewresearch.com
1. – https://www.www.marketstudyreport.com
2. – https://www.www.gminsights.com
3. – https://www.www.fortunebusinessinsights.com
