Architectural PVB Film Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2021 - 2026
Architectural PVB Film Market Overview
Architectural PVB (polyvinyl butyral) Film Market size is forecast to reach $3.9 billion by 2026, after growing at a CAGR of 5% during 2021-2026 due to increasing consumption of PVB laminated safety glasses in the residential and commercial buildings. Polyvinyl butyral is a resin prepared from polyvinyl alcohol by reaction with butyraldehyde. It offers excellent properties such as strong binding, optical clarity, adhesion to many surfaces, toughness, and flexibility, thus; it is commonly used in the architectural fields. Architectural PVB film is used for both interior and exterior building applications such as flooring, street furniture, commercial window, walls, glazing, doors, and balustrade. Architectural PVB film offers excellent sound barrier properties and absorption of ultraviolet rays. The rising demand for architectural PVB film to protect interiors from ultraviolet exposure is expected to boost the market for architectural PVB film.
During the COVID-19 pandemic, major sectors saw a steady decline in growth owing to the decrease in transportation during the lockdown. The construction activities were also closed from the first quarter of 2020. According to U.S. Census Bureau, construction spending in the US decreased 0.8% in January 2021. Thus, these factors are limiting the demand for architectural PVB film.
The report: “Architectural PVB Film Market – Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the architectural PVB film market.
- Asia-Pacific dominates the architectural PVB film market owing to increasing demand from architectural building in Asian Countries such as India, China. Japan, and others.
- Increasing adoption of laminated safety glass in exterior and interior appliances due to excellent soundproof property is estimated to boost the market demand for architectural PVB film market in near future.
- Additionally, increasing adoption of polyvinyl butyral colorless film which obtained by the condensation reaction of polyvinyl alcohol and butyraldehyde. It is known for its excellent adhesion properties as well as outstanding UV resistance. Thus, it is used as s safety glass in the construction industry.
Figure: APAC Architectural PVB Film Market, 2021-2026 (US$ Billion)
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Architectural PVB Film Market Segment Analysis – By Product Type
Architectural PVB Film Market Segment Analysis – By Application
Architectural PVB Film Market Segment Analysis – By Geography
Asia Pacific dominated the global architectural PVB film market in 2020 with more than the share of 30%, due to increasing industrialization and urbanization in emerging Asian countries such as China, India, and so on. PVB films are used for interior and exterior construction in developing countries due to their excellent stability. According to the India Brand Equity Foundation (IBEF), the real state sector in India is expected to reach a market size of US$ 1 trillion by 2030 and will grow to (US$ 9.30 billion) by 2040. Additionally, according to the National Bureau of Statistics, China's real estate market investment jumped from 15.7% in 2019 to 38.3% in January-February 2021. Furthermore, according to the Central Bureau of Statistics, the total sales of built houses in Indonesia has increased by 12,033 units in 2018, as compared with 7,884 units in 2017. Hence, due to rapid growth in the construction sector in the upcoming year is estimated to grow the consumption of the architectural PVB film market.
Architectural PVB Film Market Drivers
Robust Building and Construction Industry Growth is estimated to grow the demand for Architectural PVB Film at Global Level
The Government of Canada announced a housing plan, under this plan the housing units have expanded by 14,000 units and 65,900 units being repaired during FY16-FY21. Additionally, according to the Federal Office for Building and Regional Planning, Germany will require about 350,000 new housing units per year by 2021. Furthermore, according to the Statics of South Africa, GDP from construction in South Africa increased to ZAR 82,047.74 million (US$5,018.95 million) in the fourth quarter of 2020 from ZAR 79,899.25 million (US$4,887.51 million) in the third quarter of 2020. According to the National Bureau of Statistics (NBS), real estate investment in China rose 7.0% in 2020. Apart from this, according to the National Economic and Social Development Council (NESDC), the total construction spending rose by 1.5% (to THB1.321 trillion) including public sector spending rose by 5.0% in 202 as compared to 3.1% in 2019. Hence, growth in construction projects is estimated to grow the architectural PVB film market size.
Growing Adoption of Laminated Safety Glass
PVB film used as a laminated glass, produced by polyvinyl alcohol, has excellent anti-breakage and sound insulation properties. These glasses help to reduce sound when it passes through the window or doors. Thus, these are highly required in exterior and interior building applications. Additionally, laminated safety glasses come with a new property such as reducing carbon emission in the environmental pollution during production. Laminated safety glass offers excellent properties such as solar energy control, design versatility, UV control, and much more. Thus, due to these properties, it is widely used in offices, hotels, and various other organizations which are estimated to the growing demand for laminated glasses.
Architectural PVB Film Market Challenges
Availability of Substitutes of Laminated Glass may hamper the Market
PVB films are more sensitive than tampered glass. Tempered glass can easily break into small particles but PVB film does not break easily. Temper glass does not remain intact when it has broken thus it is used to ensure maximum protection. Laminated glass is also more expensive than normal glass and tempered glass. Hence, the availability of inexpensive glass may limit the architectural PVB film market.
Architectural PVB Film Market Landscape
Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the architectural PVB film market. Major players in the architectural PVB film market are ChangChun Group, DuPont, Eastman Chemical, EVERLAM, Huakai Plastic, Kingboard Chemical Holdings, Kuraray, RongXin New Materials, Sekisui, Zhejiang Decent Plastic, and among others.
List of Tables
1 US Architectural PVB Film Market Size 2018
2 Canada Architectural PVB Film Market Share 2018
3 Brazil Architectural PVB Film Market Outlook 2019 - 2023
4 Mexico Architectural PVB Film Market Research 2018
5 Germany Architectural PVB Film Market Trends 2019 - 2023
6 France Architectural PVB Film Market Growth 2019 - 2023
7 UK Architectural PVB Film Market Demand 2019 - 2023
8 Italy Architectural PVB Film Market Segmentation 2018
9 Russia Architectural PVB Film Market Analysis 2019 - 2023
10 China Architectural PVB Film Market Revenue 2019 - 2023
11 Japan Architectural PVB Film Market Volume 2019 - 2023
12 South Korea Architectural PVB Film Market Potential 2019 - 2023
13 India Architectural PVB Film Market Leaders 2018
14 Saudi Arabia Architectural PVB Film Market Forecast 2019 - 2023
15 Kuwait Architectural PVB Film Market Value 2018
List of Figures
For complete list of 60+ tables and 60+ figures follow the Link