Polyvinyl Butyral Resin Market is Expected to Register a Considerable Growth by 2023

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The polyvinyl butyral resin market is projected to grow at an impressive CAGR of 4.5% during the period of 2018 to 2023.

Market Insights

The report analyses the market thoroughly and collects data in order to offer reliable data to the users. The present report mentions that the Polyvinyl Butyral Resin Market is projected to grow at an impressive CAGR of 4.5% during the period of 2018 to 2023.

Which region is expected to dominate the market?

Based on the regions, Asia-Pacific is expected to remain the largest PVB resin market during the forecast period of 2018 to 2023. The region is also likely to experience a healthy growth during the same period. Rapidly expanding automotive and construction industries in the developing economies of the region, such as China and India, is the major driving factor behind the dominance of the Asia-Pacific region in the PVB resin market.  Out of the total vehicles produced worldwide during 2018-2023, approximately 54.2% will be produced in Asia-Pacific only, mainly in China, Japan, South Korea, India, and Thailand.

Europe is projected to remain the second largest market during the forecast period, driven by both automotive as well as construction industries. There has been an increasing usage of laminated safety glasses in the architectural industry in the region.

Top key vendors in the market:

The report mentions a list of key players in the Polyvinyl Butyral Resin Market. Some of them are mentioned below –

  • Eastman Chemical
  • Kuraray
  • Sekisui
  • Huakai Plastic (Chongqing) Co. Ltd.
  • Chang Chun Petrochemicals Co., Ltd.
  • Kingboard (Fo Gang) Specialty Resins Limited
  • Everlam

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