The global PVB film market is expected to witness significant growth over the
forecast period owing to rising demand from end user sectors such as steel and
energy, electronics, automotive, semiconductors and others. Furthermore,
growing stringent emission regulation by government coupled with rising demand
from steel manufacturing and steel processing is anticipated to drive the
market growth over the next eight years. In addition, the increasing awareness
regarding its properties such as oxidation resistance, low density, high strength,
excellent thermal shock resistance, excellent chemical resistance, high
hardness, high-temperature strength, high thermal conductivity, wear
resistance, and low thermal expansion is further projected to propel the sector
demand over the forecast period. The market is projected to witness
proliferated demand over the next eight years owing to rising substitution of
present pure silicon technology semiconductors. However, high initial setup
cost coupled with rising fluctuation in the raw material prices has enabled the
market to witness hindered growth over the next eight years.
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Photovoltaic PVB Film Market at : https://www.millioninsights.com/industry-reports/photovoltaic-polyvinyl-butyral-pvb-film-market
The global PVB film market is
segmented by end user into Building & Construction, Ground transportation,
solar energy and others. The building
& construction segment is likely to witness major demand from the end-user
industry over the next eight years primarily due to growing awareness about its
properties such as optical clarity, strong binding, toughness, adhesion to many
surfaces and flexibility. The PVB film market is highly competitive
primarily to the presence of several domestic and international suppliers.
Though, the sector has the presence of various new players, who face difficulty
in competing with other major companies in terms of functionalities, features,
quality, and services. Over the forecast period, the growing new product
development activities coupled with increasing adoption of new technologies for
achieving operational efficiency has enabled the competition to become more
aggressive. On a contrary, few major players through continuous R&D
endeavours coupled with growing expertise knowledge in the industry have
enabled them to witness competitive edge, thus propelling the overall growth of
the sector over the next eight years.
North America and Europe are anticipated
to witness major market share over the forecast period owing to the growing
applications from large manufacturing companies coupled with rising demand to
achieve high operational efficiency. Asia Pacific is anticipated to
account for fastest growth over the forecast period primarily due to the
increasing applications from passenger as well from commercial sector coupled
with growing awareness among end users regarding new developments and
innovations. India, China, and Japan are anticipated to witness the highest
share in the region majorly owing to the rising disposable income coupled with
growing foreign investments. The Middle East & Africa is projected to see
significant growth by 2020 mainly owing to increasing urbanization, industrialization,
and globalization. The sector has huge potential in this region primarily owing
to rising per capita income and foreign investments.
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Key players in the market include
Kuraray Co. ltd., Eastman Chemical Company, Li & Fung Group Co. Ltd.,
Sekisui chemical Co., Ltd., Huakai Plastic (Chongqing) Co. Ltd., Kingboard
Chemical Holdings Ltd., Tiantai Kanglai Industrial Co. Ltd., Zhejiang Decent
Plastic Co. Ltd., and Zhejiang Pulijin Plastic Co., Ltd. and many others. The
market is highly consolidated having more than 35% market share by major
players. The major players generally tend to retain their market share through
new product development and through attaining operational efficiency. These
players through continuous R&D endeavors focus on building a wide
distribution network that supports the overall market to report significant
growth over the forecast period. Companies through strategic expansions and
mergers & acquisitions have been trying to cater large volume of customers
with products that are cost-effective and high quality.
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