New York, NY -- (SBWIRE) -- 10/18/2021 -- 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.

Impact of COVID-19

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.

Architectural PVB Film Market Segment Analysis – By Product Type

The standard film segment held the largest share in the global architectural PVB film market in 2020 due to increasing awareness towards laminated safety glass. Standard films are safe as it does not break easily. Standard film protects the interior from UV lights and brings more natural light into the building without sacrificing structural integrity. These are blocking out the ultraviolet rays thus this film type is used in windscreens. Hence, due to such properties standard films are used in architectural applications which are estimated to grow the demand for architectural PVB films.

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Architectural PVB Film Market Segment Analysis – By Application

Exterior application held the largest share in the global architectural PVB film in 2020 and is expected to grow at a CAGR of 5.2% in 2021-2026 due to widely used in buildings as laminated safety and security glass. Laminated safety glass (or PVB film, treated by polyvinyl alcohol with the reaction of butyraldehyde), offers protection against UV rays. Architectural PVB film is highly demanded in developing countries due to various properties such as good adhesion, recyclability, solar energy control, and aesthetic appearance. Thus, increasing building demand is estimated to grow the market size of architectural PVB film during the projected era. According to the US Census Bureau, new housing unit construction was 11,471 thousand units in 2019 in the United States, which reached 3,642 units in 2020. Additionally, according to Central Sanctioning and Monitoring Committee (CSMC), 1,68,606 new homes were approved to construct in urban areas under Pradhan Mantri Awas Yojana in 2021 in India. Furthermore, in April 2021, The U.S. Census Bureau and the U.S. Department of Housing and Urban Development announced the construction of 1.6 million houses, out of which 1.4 houses have been built. Thus, the growing demand for buildings is estimated to grow the demand for architectural PVB film.

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.

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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.

Key Takeaways

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.

Related Reports:

A. Sound Insulation PVB Film Market
https://www.industryarc.com/Research/Sound-Insulation-PVB-Film-Market-Research-501514

B. Architectural Window Film Market
https://www.industryarc.com/Research/Architectural-Window-Film-Market-Research-501640

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