Thecompetitive landscape of the global polyvinyl butyral films sheets market ismoderately consolidated with handful of players. The market is dominated by thetop three players namely Eastmen Chemical, Kuraray, and Sekisui. The threeplayers altogether accounts for more than 55% of share in the polyvinylbutyral films sheets market. Other players in the polyvinyl butyral filmssheets market are Li & Fung Group Co., Ltd., Kingboard Chemical HoldingsLtd., Huakai Plastic (Chongqing) Co., Ltd.
Theseplayers are focusing on organic growth strategies such as acquisitions andmergers, business expansion and collaborate in order to strengthen their marketposition. Apart from this, manufacturers are focusing towards manufacturing ofintegrated PVB sheets & films to server a large number of customers locatedacross the world.
Accordingto TMR, the polyvinyl buyral films sheets market is projected to grow at aimpressive CAGR during the forecast period.
On thebasis of region, Asia-Pacific is expected to dominate the global polyvinylbutyral films sheets market during the forecast period of 2018 to 2023. This ismainly because of the rapidly expanding automotive and construction industriesin the such as China and India. Based on end user, building & constructionsegment is projected to hold around a two-fourths share of the global PVB films& sheets market.
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Abilityof Polyvinyl Butyral Films to Save Energy to Drive Market Growth
The globalpolyvinyl butyral films sheet market is expected to grow at a healthy pace inthe coming years. This is mainly because of the increasing applicationpolyvinyl butyral films sheet in the end user industries. One of the prominentapplication of the polyvinyl butyral films sheets are in window covering. Thisis because they efficiently help in saving energy and reducing noise in thebuilding and house.
Polyvinylbutyral films sheets are manufactured by condensation reaction of polyvinylalcohol (PVA) and n-butyraldehyde. Further, they are blended withnitrocellulose and ketone resin in order to increase its hardness. Theproperties of polyvinyl butyral films sheets such as transparency, impactresistance, high tensile strength, and elasticity are the prominent factorexpected to increase end use application of the sheets. The mentionedproperties make these sheet suitable for manufacturing of safetyglass. Other than this, they are also used in building & construction,ground transportation and solar energy.
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Adverse Effect of Polyvinyl onEnvironment to Hamper Market Growth
Despiteseveral drivers, growth in the global polyvinyl butyral films sheets market isexpected to hamper owing to several factors such as difficulty in handing, highcost of storage low and less shelf life of PVB films and sheets. Along withthis, factors such as stringent governmental low towards the use of polyvinylis expected to hamper growth in the global polyvinyl butyral films sheetsmarket. Other than this, large number of chinese players actively producing PVBresins as well as PVB sheets & films at a much lower rate is another factorprojected to impede growth in the global polyvinyl butyral films sheetmarket.
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However,other factor such as increasing demand for PVB films and sheets formanufacturing of automotive windshields is anothet prominent factor expected toboost the polyvinyl butyral films market. This is mainly due to unprecendtalgrowth in the automotive industries.
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