SAN FRANCISCO, November 2, 2016 /PRNewswire/ --
The global polyvinyl butyral (PVB) market is expected to reach USD 4.06 billion by 2024, according to a new report by Grand View Research, Inc. Rising demand for the product as they provide superior resistance to weather & moisture, attractive colors, optical clarity, strong binding, excellent adhesion, flexibility and toughness will fuel industry growth over the next eight years.
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Rising government spending on solar power and construction infrastructure along with the growing population will augment industry expansion. Growing consumption of PVB films & sheets in thin film solar modules on account of its low cost and environment-friendly properties will drive market size over the next eight years.
Paints & coatings application segment is expected to witness substantial revenue gains at a CAGR of 6.3% from 2016 to 2024. The product acts as a protector and corrosion preventer for various metals including steel, iron, zinc and aluminum. Moreover, properties including superior adhesion and resistance to UV radiation will induce the demand for the product over the forecast period.
Browse full research report with TOC on "Polyvinyl Butyral (PVB) Market Analysis By Application [Films & Sheets (Automotive, Construction, Photovoltaic), Paints & Coatings, Adhesives] And Segment Forecast, 2013 to 2024" at: http://www.grandviewresearch.com/industry-analysis/polyvinyl-butyral-pvb-market
Further key findings from the report suggest:
Browse related reports by Grand View Research:
Grand View Research has segmented the global polyvinyl butyral market on the basis of application, end-use and region:
Access research Insight - http://www.grandviewresearch.com/research-insights/pvb-polyvinyl-butyral-market-insights-photovoltaic-application-fuel-growth
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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