The Latin America, Middle East and Africa Polyvinyl Butyral (PVB) Market would witness market growth of 8.5% CAGR during the forecast period (2024-2031). In the year 2027, the LAMEA market's volume is expected to surge to 72,655.2 tonnes, showcasing a growth of 6.1% (2024-2031).
Polyvinyl Butyral (PVB) plays a pivotal role in the automotive industry, primarily in the production of laminated safety glass for windshields and windows. PVB interlayers provide crucial safety features by holding shattered glass together upon impact, reducing the risk of injury during accidents. Additionally, PVB laminates enhance acoustic insulation, minimize UV radiation penetration, and improve overall structural integrity, contributing to a safer and more comfortable driving experience. Thus, the Brazilian automotive industry consumed 8,030.92 tonnes of this chemical in 2023.
The Brazil market dominated the LAMEA Polyvinyl Butyral (PVB) Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $140 million by 2031. The Argentina market is showcasing a CAGR of 9.4% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 8% during (2024 - 2031).
Continuous research and development efforts lead to the development of high-performance PVB formulations with enhanced properties such as impact resistance, clarity, UV protection, and sound insulation. Innovations in multilayer interlayer films incorporating PVB improve the performance and durability of laminated safety glass for automotive and architectural applications.
Research is underway to develop switchable PVB films that can change their transparency in response to external stimuli such as temperature, light, or electricity. These films can be used in smart glass applications for dynamic control of light, privacy, and energy efficiency. Innovations in PVB encapsulation films for photovoltaic modules are focused on improving performance, durability, and reliability. Advanced formulations offer better adhesion, moisture resistance, UV protection, and thermal stability, thus extending the lifespan of solar panels and enhancing their efficiency.
The Dubai Statistics Center reports that 1,941 of the 13,236 buildings under construction in Dubai in 2022 were completed. Rapid urbanization has boosted demand for housing, business space, and public facilities. The substantial expansion of cities such as Dubai and Abu Dhabi have required additional infrastructure and real estate projects. Similarly, according to the Brazilian government's Agencia de Noticias 2021, the construction industry brought in R$377.8 billion in 2021, consisting of R$22.0 billion in developments, works, and services and R$355.8 billion in works and services (5.8%). Thus, due to these factors, the market will expand across the LAMEA region in the coming years.
Free Valuable Insights: The Worldwide Polyvinyl Butyral (PVB) Market is Projected to reach USD 6.0 Billion by 2031, at a CAGR of 6.3%
Based on Application, the market is segmented into Films & Sheets, Paint & Coatings, Adhesives, and Others. Based on End-use, the market is segmented into Automotive, Construction, Electronics & Electricals, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
By Application (Volume, Tonnes, USD Billion, 2020-2031)
By End-use (Volume, Tonnes, USD Billion, 2020-2031)
By Country (Volume, Tonnes, USD Billion, 2020-2031)
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