HOME Top Market Reports Polyvinyl Butyral (PVB) Market by Application (Film & Sheets, Paints & Coatings, Adhesives), End-Use Industry (Construction, Automotive, Photovoltaic), and Region - Global Forecasts to 2021

Polyvinyl Butyral (PVB) Market by Application (Film & Sheets, Paints & Coatings, Adhesives), End-Use Industry (Construction, Automotive, Photovoltaic), and Region - Global Forecasts to 2021

By: marketsandmarkets.com
Publishing Date: August 2016
Report Code: CH 2918

 

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The market size of polyvinyl butyral (PVB) is estimated to reach USD 3.04 Billion by 2021 at a CAGR of 6.83%, in terms of value. The base year considered for the study is 2015 while the forecast period is between 2016 and 2021. The PVB market is driven by its growing usage in films & sheets application. The report includes analysis of the PVB market by region, namely, Asia-Pacific, Europe, North America, the Middle East & Africa, and South America.

Objectives of the Study:

  • To define, describe, and forecast the PVB market on the basis of application, end-use industry, and region
  • To provide detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
  • To strategically analyze micromarkets1 with respect to individual growth trends, future prospects, and contribution to the total market
  • To analyze the opportunities in the market for stakeholders and provide a competitive landscape for market leaders
  • To strategically profile key players and comprehensively analyze their market shares and core competencies2

Note1: Micromarkets are the subsegments of the PVB market included in the report

Note2: Core competencies of companies are determined in terms of their key developments, SWOT analysis, and key strategies adopted by them to sustain in the market

Both top-down and bottom-up approaches have been used to estimate and validate the size of the global PVB market and estimate the size of various other dependent submarkets. The research study involves the use of extensive secondary sources, directories, and databases such as Hoovers, Bloomberg, Chemical Weekly, Factiva, Commonwealth Scientific and Industrial Research Organization (CSIRO), Securities and Exchange Commission (SEC), American National Standards Institute (ANSI), Organization for Economic Co-operation and Development (OECD), and other government and private websites to identify and collect information useful for the technical, market-oriented, and commercial study of the PVB market.

Polyvinyl Butyral (PVB) Market

To know about the assumptions considered for the study, download the pdf brochure

PVB is mainly manufactured from polyvinyl alcohol (PVOH) and N-butyl aldehyde. Companies such as Carst & Walker (South Africa) and BouLing Chemical Co., Ltd. (China) supply these raw materials to the major manufacturers of PVB such Eastman Chemical Company (U.S.), Kuraray Co., Ltd. (Japan), Sekisui Chemical Co., Ltd. (Japan), Huakai Plastic (Chongqing) Co. Ltd, (China), Chang Chun Petrochemicals Co. Ltd. (China), Kingboard Chemical Holdings Ltd. (China), Everlam (Belgium), DuLite PVB Film (Taiwan), and Tiantai Kanglai Industrial Co., Ltd. (China). These manufacturers are also focusing on increasing their geographical presence by undertaking strategies such as joint ventures, expansions, and acquisitions. They are also providing advanced technology and effective cooling equipment by introducing new products.

Key Target Audience:

  • Manufacturers of PVB and PVB films & sheets
  • Traders, distributors, and suppliers of PVB and PVB films & sheets
  • Regional manufacturer associations and general PVB associations
  • Government and regional agencies and research organizations
  • Investment research firms

“This study answers several questions for the stakeholders, primarily which market segments to focus in the next two to five years for prioritizing the efforts and investments.”

Scope of the Report:

This research report categorizes the global PVB market on the basis of application, end-use industry, and region.

On the basis of Application/End-Use Industry:

  • Films & sheets
    • Automotive
    • Construction
    • Photovoltaic
    • Others
  • PVB Resins
    • Paints & Coatings
    • Adhesives
    • Others

On the basis of Region:

  • Asia-Pacific
  • Europe
  • North America
  • Middle East & Africa
  • South America

The market is further analyzed for the key countries in each of these regions.

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Regional Analysis:

  • Country-level analysis of the PVB market, by application.
  • Country-level analysis of the PVB films & sheets market, by end-use industry.

Company Information:

  • Detailed analysis and profiling of additional market players.

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Years Considered for the Study
           1.3.2 Currency
           1.3.3 Package Size
    1.4 Limitations
    1.5 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Breakdown of Primary Interviews
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Data Triangulation
    2.4 Assumptions

3 Executive Summary (Page No. - 28)

4 Premium Insights (Page No. - 32)
    4.1 Significant Opportunities in PVB Market
    4.2 Largest End-Use Industry of PVB Films & Sheets Market
    4.3 PVB Market in Asia-Pacific By Country and Application, 2015
    4.4 PVB Market Share, By Region (2015)
    4.5 PVB Market Size, By Application, 2016–2021
    4.6 Life Cycle Analysis, By Region

5 Market Overview (Page No. - 37)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 PVB Market, By Application/End-Use Industry
           5.2.2 PVB Market, By Region
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Growth in End-Use Industries Driving the Demand for PVB in Asia-Pacific
           5.3.2 Restraints
                    5.3.2.1 High Recycling Activities of PVB in Developed Economies
           5.3.3 Opportunities
                    5.3.3.1 Growing Photovoltaic Industry
           5.3.4 Challenges
                    5.3.4.1 Stringent Environmental Regulations

6 Industry Trends (Page No. - 43)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Porter’s Five Forces Analysis
           6.3.1 Threat of New Entrants
           6.3.2 Threat of Substitutes
           6.3.3 Bargaining Power of Buyers
           6.3.4 Bargaining Power of Suppliers
           6.3.5 Intensity of Competitive Rivalry
    6.4 Raw Material Analysis
           6.4.1 Polyvinyl Alcohol
    6.5 Patent Analysis

7 Macroeconomic Overview and Key Drivers (Page No. - 50)
    7.1 Introduction
    7.2 Construction Industry Trends
           7.2.1 Contribution of Construction Industry in North American GDP
           7.2.2 Construction Industry Contribution in European GDP
           7.2.3 Construction Industry Contribution in GDP of Asia-Pacific
           7.2.4 Construction Industry Contribution in GDP of Middle East & Africa
           7.2.5 Construction Industry Contribution in Latin American GDP
    7.3 Trends of Automotive Industry

8 PVB Market, By Application (Page No. - 57)
    8.1 Introduction
           8.1.1 Films & Sheets
                    8.1.1.1 Automotive
                    8.1.1.2 Construction
                    8.1.1.3 Photovoltaic
           8.1.2 Paints & Coatings
           8.1.3 Adhesives
           8.1.4 Others

9 PVB Resin and PVB Films & Sheets Market, By Region (Page No. - 69)
    9.1 Introduction
    9.2 North America
           9.2.1 U.S.
           9.2.2 Mexico
           9.2.3 Canada
    9.3 Europe
           9.3.1 Germany
           9.3.2 Italy
           9.3.3 France
           9.3.4 Spain
           9.3.5 U.K.
           9.3.6 Netherlands
           9.3.7 Russia
    9.4 Asia-Pacific
           9.4.1 China
           9.4.2 Japan
           9.4.3 India
           9.4.4 South Korea
           9.4.5 Thailand
           9.4.6 Indonesia
           9.4.7 Taiwan
    9.5 Middle East and Africa
           9.5.1 Saudi Arabia
           9.5.2 South Africa
    9.6 South America
           9.6.1 Brazil

10 Competitive Landscape (Page No. - 111)
     10.1 Overview
     10.2 Competitive Situations and Trends
     10.3 Key Growth Strategies in the PVB Market
     10.4 Expansions, Collaborations, and Investments
     10.5 Acquisitions & Agreements
     10.6 New Product Launches

11 Company Profiles (Page No. - 116)
(Overview, Financial*, Products & Services, Strategy, and Developments)
     11.1 Kuraray Co., Ltd.
     11.2 Sekisui Chemicals Co., Ltd.
     11.3 Eastman Chemical Company
     11.4 Huakai Plastic (Chongqing) Co. Ltd.
     11.5 Chang Chun Petrochemicals Co., Ltd.
     11.6 Kingboard (Fo Gang) Specialty Resins Limited
     11.7 Everlam
     11.8 Dulite PVB Film
     11.9 Tiantai Kanglai Industrial Co., Ltd.
     11.10 Guangzhou Aojisi New Materials Co., Ltd.
     11.11 Anhui Wanwei Group Co., Ltd.
     11.12 Qingdao Haocheng Industrial Company Limited
     11.13 Huzhou Xinfu New Materials Co., Ltd.
     11.14 Jiangxi Rongxin New Materials Co., Ltd.
     11.15 Zhejiang Pulijin Plastic Co., Ltd.
     11.16 Hunan Xiangwei Co., Ltd.

*Details Might Not Be Captured in Case of Unlisted Companies

12 Appendix (Page No. - 139)
     12.1 Insights From Industry Experts
     12.2 Discussion Guide
     12.3 Introducing RT: Real-Time Market Intelligence
     12.4 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.5 Available Customizations
     12.6 Related Reports


List of Tables (91 Tables)

Table 1 Installed Capacity of Photovoltaic in 2015 (Gigawatt)
Table 2 List of Worldwide Published Patents Covering the Use of PVB
Table 3 Contribution of Construction Industry in North American GDP, USD Billion (2014–2021)
Table 4 Contribution of Construction Industry in European GDP, USD Billion (2014–2021)
Table 5 Construction Industry Contribution in GDP of Asia-Pacific, USD Billion (2014–2021)
Table 6 Construction Industry Contribution in GDP of Middle East & Africa, USD Billion (2014–2021)
Table 7 Construction Industry Contribution in Latin American GDP, USD Billion (2014–2021)
Table 8 Sales of Automotive Industry, Thousand Units (2011–2015)
Table 9 PVB Global Market Size in Application/End-Use Industry, By Region, 2014–2021 (Kiloton)
Table 10 PVB Global Market Size, By Application and End-Use Industry, 2014–2021 (USD Million)
Table 11 PVB Market Size in Films & Sheets, By Region, 2014–2021 (Kiloton)
Table 12 PVB Market Size in Films & Sheets, By Region, 2014–2021 (USD Million)
Table 13 PVB Films & Sheets Market Size in Automotive, By Region, 2014–2021 (Kiloton)
Table 14 PVB Films & Sheets Market Size in Automotive, By Region, 2014–2021 (USD Million)
Table 15 PVB Films & Sheets Market Size in Construction, By Region, 2014–2021 (Kiloton)
Table 16 PVB Films & Sheets Market Size in Construction, By Region, 2014–2021 (USD Million)
Table 17 PVB Film & Sheets Market Size in Photovoltaic, By Region, 2014–2021 (Kiloton)
Table 18 PVB Film & Sheets Market Size in Photovoltaic, By Region, 2014–2021 (USD Million)
Table 19 PVB Resins Market Size in Paints & Coatings, By Region, 2014–2021 (Kiloton)
Table 20 PVB Resin Market Size in Paints & Coatings, By Region, 2014–2021 (USD Million)
Table 21 PVB Resin Market Size in Adhesives, By Region, 2014–2021 (Kiloton)
Table 22 PVB Resin Market Size in Adhesives, By Region, 2014–2021 (USD Million)
Table 23 PVB Resin Market Size in Others, By Region, 2014–2021 (Kiloton)
Table 24 PVB Resin Market Size in Others, By Region, 2014–2021 (USD Million)
Table 25 PVB Resin Market Size, By Region, 2014–2021 (Kiloton)
Table 26 PVB Market Size, By Region, 2014–2021 (USD Million)
Table 27 PVB Market Size, By Application and End-Use Industry, 2014–2021 (Kiloton)
Table 28 PVB Market Size, By Application and End-Use Industry, 2014–2021 (USD Million)
Table 29 North America: PVB Market Size, By Country, 2014–2021 (Kiloton)
Table 30 North America: PVB, Market Size, By Country, 2014–2021 (USD Million)
Table 31 North America: PVB Market Size, By Application and End-Use Industry, 2014–2021 (Kiloton)
Table 32 North America: PVB Market Size, By Application and End-Use Industry, 2014–2021 (USD Million)
Table 33 U.S.: PVB Market Size, By Application and End-Use Industry, 2014–2021 (Kiloton)
Table 34 U.S.: PVB Market Size, By Application and End-Use Industry, 2014–2021 (USD Million)
Table 35 Mexico: PVB Market Size, By Application and End-Use Industry, 2014–2021 (Kiloton)
Table 36 Mexico: PVB Market Size, By Application and End-Use Industry, 2014–2021 (USD Million)
Table 37 Canada: PVB Market Size, By Application and End-Use Industry, 2014–2021 (Kiloton)
Table 38 Canada: PVB Market Size, By Application and End-Use Industry, 2014–2021 (USD Million)
Table 39 Europe: PVB Market Size, By Country, 2014–2021 (Kiloton)
Table 40 Europe: PVB Market Size, By Country, 2014–2021 (USD Million)
Table 41 Europe: PVB Market Size, By Application and End-Use Industry, 2014–2021 (Kiloton)
Table 42 Europe: PVB Market Size, By Application and End-Use Industry, 2014–2021 (USD Million)
Table 43 Germany: PVB Market Size, By Application and End-Use Industry, 2014–2021 (Kiloton)
Table 44 Germany: PVB Market Size, By Application and End-Use Industry, 2014–2021 (USD Million)
Table 45 Italy: PVB Market Size, By Application and End-Use Industry, 2014–2021 (Kiloton)
Table 46 Italy: PVB Market Size, By Application and End-Use Industry, 2014–2021 (USD Million)
Table 47 France: PVB Market Size, By Application and End-Use Industry, 2014–2021 (Kiloton)
Table 48 France: PVB Market Size, By Application and End-Use Industry, 2014–2021 (USD Million)
Table 49 Spain: PVB Market Size, By Application and End-Use Industry, 2014–2021 (Kiloton)
Table 50 Spain: PVB Market Size, By Application and End-Use Industry, 2014–2021 (USD Million)
Table 51 U.K.: PVB Market Size, By Application and End-Use Industry, 2014–2021 (Kiloton)
Table 52 U.K.: PVB Market Size, By Application and End-Use Industry, 2014–2021 (USD Million)
Table 53 Netherlands: PVB Market Size, By Application and End-Use Industry, 2014–2021 (Kiloton)
Table 54 Netherlands: PVB Market Size, By Application and End-Use Industry, 2014–2021 (USD Million)
Table 55 Russia: PVB Market Size, By Application and End-Use Industry, 2014–2021 (Kiloton)
Table 56 Russia: PVB Market Size, By Application and End-Use Industry, 2014–2021 (USD Million)
Table 57 Asia-Pacific: PVB Market Size, By Country, 2014–2021 (Kiloton)
Table 58 Asia-Pacific: PVB Market Size, By Country, 2014–2021 (USD Million)
Table 59 Asia-Pacific: PVB Market Size, By Application and End-Use Industry, 2014–2021 (Kiloton)
Table 60 Asia-Pacific: PVB Market Size, By Application and End-Use Industry, 2014–2021 (USD Million)
Table 61 China: PVB Market Size, By Application and End-Use Industry, 2014–2021 (Kiloton)
Table 62 China: PVB Market Size, By Application and End-Use Industry, 2014–2021 (USD Million)
Table 63 Japan: PVB Market Size, By Application and End-Use Industry, 2014–2021 (Kiloton)
Table 64 Japan: PVB Market Size, By Application and End-Use Industry, 2014–2021 (USD Million)
Table 65 India: PVB Market Size, By Application and End-Use Industry, 2014–2021 (Kiloton)
Table 66 India: PVB Resin Market Size, By Application and End-Use, 2014–2021 (USD Million)
Table 67 South Korea: PVB Market Size, By Application and End-Use Industry, 2014–2021 (Kiloton)
Table 68 South Korea: PVB Market Size, By Application and End-Use Industry, 2014–2021 (USD Million)
Table 69 Thailand: PVB Market Size, By Application and End-Use Industry, 2014–2021 (Kiloton)
Table 70 Thailand: PVB Market Size, By Application and End-Use Industry, 2014–2021 (USD Million)
Table 71 Indonesia: PVB Market Size, By Application and End-Use Industry, 2014–2021 (Kiloton)
Table 72 Indonesia: PVB Market Size, By Application and End-Use Industry, 2014–2021 (USD Million)
Table 73 Taiwan: PVB Market Size, By Application and End-Use Industry, 2014–2021 (Kiloton)
Table 74 Taiwan: PVB Market Size, By Application and End-Use Industry, 2014–2021 (USD Million)
Table 75 Middle East and Africa: PVB Market Size, By Country, 2014–2021 (Kiloton)
Table 76 Middle East and Africa: PVB Resin Market Size, By Country, 2014–2021 (USD Million)
Table 77 Middle East & Africa: PVB Market Size, By Application and End-Use, 2014–2021 (Kiloton)
Table 78 Middle East & Africa :PVB Market Size, By Application and End-Use Industry, 2014–2021 (USD Million)
Table 79 Saudi Arabia: PVB Market Size, By Application and End-Use Industry, 2014–2021 (Kiloton)
Table 80 Saudi Arabia: PVB Market Size, By Application and End-Use Industry, 2014–2021 (USD Million)
Table 81 South Africa: PVB Market Size, By Application and End-Use Industry, 2014–2021 (Kiloton)
Table 82 South Africa: PVB Market Size, By Application and End-Use Industry, 2014–2021 (USD Million)
Table 83 South America: PVB, Market Size, By Country, 2014–2021 (Kiloton)
Table 84 South America: PVB Resin Market Size, By Country, 2014–2021 (USD Million)
Table 85 South America: PVB Market Size, By Application and End-Use Industry, 2014–2021 (Kiloton)
Table 86 South America: PVB Market Size, By Application and End-Use Industry, 2014–2021 (USD Million)
Table 87 Brazil: PVB Market Size, By Application and End-Use Industry, 2014–2021 (Kiloton)
Table 88 Brazil: PVB Market Size, By Application and End-Use Industry, 2014–2021 (USD Million)
Table 89 Expansions, Collaborations, and Investments, 2011–2016
Table 90 Acquisitions & Agreements, 2011–2016
Table 91 New Product Launches, 2011–2016


List of Figures (44 Figures)

Figure 1 PVB Market Segmentation
Figure 2 PVB Market: Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation Methodology
Figure 6 PVB Films & Sheets Market Snapshot (2016 vs 2021): Market for Photovoltaic End-Use Industry to Grow the Fastest
Figure 7 PVB Films & Sheets to Dominate the PVB Market By Application (2016–2021)
Figure 8 PVB Market Size, By Country, 2015 (USD Million)
Figure 9 PVB Market Share, By Region, 2015
Figure 10 Attractive Market Opportunities in PVB Market 2016 vs 2021 (USD Billion)
Figure 11 Photovoltaic: Fastest-Growing End-Use Industry of PVB Films & Sheets Between 2016 and 2021
Figure 12 China to Be the Largest Market in Asia-Pacific
Figure 13 Asia-Pacific Accounted for the Largest Share in PVB Market
Figure 14 Films & Sheets to Account for the Largest Market Share During Forecast Period
Figure 15 PVB Market in Asia-Pacific is in the Growth Phase
Figure 16 PVB Market Dynamics
Figure 17 Construction Industry Contribution in Asia-Pacific GDP, USD Billion, (2016–2021)
Figure 18 Overview of PVB Market Value Chain
Figure 19 Porter’s Five Forces Analysis: PVB Market
Figure 20 Polyvinyl Alcohol Price Analysis
Figure 21 U.S. is the Largest Market for Construction Industry in North America Region, USD Billion, 2016 vs 2021
Figure 22 Construction Industry Contribution in European GDP, USD Billion, (2016–2021)
Figure 23 Construction Industry Contribution in GDP of Asia-Pacific, USD Billion, (2016–2021)
Figure 24 Construction Industry Contribution in GDP of Middle East & Africa, USD Billion, 2016 vs 2021
Figure 25 Construction Industry Contribution in Latin American GDP, USD Billion (2016–2021)
Figure 26 Automotive Industry Thousand Units (2015)
Figure 27 PVB Market By Application
Figure 28 Asia-Pacific: the Largest Market for PVB Films & Sheets (2016–2021)
Figure 29 Automotive: Fastest-Growing End-Use Industry for PVB Films & Sheets in Asia-Pacific
Figure 30 Construction: Largest End-Use Industry for PVB Film & Sheets in Asia-Pacific
Figure 31 Asia-Pacific: Fastest Growing Photovoltaic End-Use Industry for PVB Films & Sheets Market (2016–2021)
Figure 32 Geographic Snapshot (2016–2021) – Rapid Growth Markets are Emerging as New Hot Spots
Figure 33 The U.S. to Account for the Largest Share in the North American Market
Figure 34 U.S.: the Largest Market for PVB in North America
Figure 35 Germany Accounted for Highest Market Share in Europe in 2015
Figure 36 Asia-Pacific Market Snapshot: China Dominates the Consumption of PVB Resins
Figure 37 China: the Largest Market for PVB in Asia-Pacific
Figure 38 Companies Adopted Expansions, Investments, and Agreements as the Key Strategies, 2011–2016
Figure 39 Battle for Market Share: Expansions, Collaborations, and Investments to Be the Key Strategy, 2011–2016
Figure 40 Kuraray Co., Ltd.: Company Snapshot
Figure 41 Kuraray Co., Ltd.: SWOT Analysis
Figure 42 Sekisui Chemicals Co., Ltd.: Company Snapshot
Figure 43 Eastman Chemical Company: Company Snapshot
Figure 44 Eastman Chemical Company: SWOT Analysis

The market size of polyvinyl butyral (PVB) is estimated to reach USD 3.04 Billion by 2021 at a CAGR of 6.83%.

The PVB market has witnessed significant growth in the recent years, and this growth is projected to persist in the coming years. PVB resins is used in a wide range of applications such as films & sheets, paints & coatings, and adhesives owing to its characteristic properties such as wear & blister resistance, excellent adhesion, flexibility, and tensile strength.  PVB films & sheets are used in different end-use industries such as automotive, construction, and photovoltaic. The use of PVB films & sheets has been increasing over the years owing to growing demand from the automotive and construction industries.

The main applications of PVB such as films & sheets, paints & coatings, adhesives, and others are included in this report. Film & sheets accounted for the largest market share in 2015 because of their suitability in a number of applications in various end-use industries. It is the fastest-growing application of PVB because of its increasing acceptance in end-use industries such as automotive, construction, and photovoltaic.

In 2015, the automotive end-use industry accounted for the largest market share, in terms of value and volume, followed by construction and photovoltaic. The photovoltaic industry is projected to register the highest CAGR between 2016 and 2021.

Asia-Pacific, North America, Europe, the Middle East & Africa, and South America are considered as the main regions for the PVB market in this report. Cuurently, Asia-Pacific dominates the PVB market. The rising demand for PVB in this region is mainly driven by its increased use in the construction and automotive industries. Europe is the second-largest consumer of PVB, globally. The market in this region is mainly driven by the growing opportunities from the construction and automotive industries and the growing photovoltaic industry. South America is the second fastest-growing region after Asia-Pacific owing to the growing automotive industry in the region.

Polyvinyl Butyral (PVB) Market

Although the PVB market is growing at a significant rate, few factors such as decreasing crude oil prices and rising cost of production restrict its growth, globally.

Eastman Chemical Company (U.S.), Kuraray Co., Ltd. (Japan), Sekisui Chemical Co., Ltd. (Japan), Chang Chun Petrochemicals Co. Ltd. (China), Kingboard Chemical Holdings Ltd. (China), and others are the leading companies, with an excellent foothold in the U.S., China, and Japan. These companies are expected to account for a significant market share in the near future. Entering into related industries and targeting new markets will enable the PVB manufacturers to overcome the effects of volatile economy, leading to diversified business portfolio and increase in revenue. Other major manufacturers of PVB are Huakai Plastic (Chongqing) Co. Ltd. (China), Everlam (Belgium), DuLite PVB Film (Taiwan), Tiantai Kanglai Industrial Co., Ltd. (China), and Anhui Wanwei Group Co., Ltd. (China).

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