What Shark Solutions does

Shark Solutions A/S is a Danish cleantech company founded in 2005 and headquartered in Roskilde, Denmark. It operates a proprietary, patented process for extracting PolyVinyl Butyral (PVB) from post-consumer laminated glass — primarily end-of-life automotive windshields and architectural building glass — and converting it into advanced sustainable polymers sold as inputs to industrial manufacturers. Its product portfolio centers on the SharkDispersions™ family of waterborne PVB dispersions and the SharkPellets™ line of solid recycled PVB pellets, supplemented by specialty grades such as SharkDispersionSR2™, SharkDispersionTD™, SharkDispersionSX2™ (which carries the Asthma-Allergy Denmark label), and SharkBinder 1-1™. Manufacturing and glass-sourcing operations span five sites in Denmark, Belgium, and the United States (Georgia, California, Pennsylvania), with the 2023 Wilkes-Barre facility capable of processing over 100,000 tons of laminated glass annually.

The company sells these recycled polymers as drop-in, Cradle-to-Cradle compatible replacements for virgin oil-based binders and adhesives, targeting industrial buyers in paints and coatings, carpet and flooring, textile treatment, sound dampening, and specialty polymer compounding. Named customers include Toyota USA, Ege Carpets, Tapibel, Anker, Devan Chemicals, Noroo Paint, Initiatives Decoration (ID Paris), Amorim Cork Composite, and Avient Corporation; distribution is handled both through a direct enterprise sales team and via channel partners including EOC Group (exclusive for Europe and Turkey) and C.H. Erbslöh (DACH region).

Revenue is generated primarily through unit-priced sales of dispersions and pellets under typically annual contracts, with pricing positioned as competitive with virgin oil-based binders but insulated from crude oil volatility because the feedstock is waste glass. The company is privately held, with ownership shared among management and three institutional investors — Blue Equity (Denmark), Circularity Capital (UK), and AXA IM Alts (France), the latter having led a €20 million growth capital round in October 2022. Shark Solutions has received multiple sustainability recognitions including Bloomberg's 50 Global Leaders (2024), EcoVadis Gold (top 5%), Solar Impulse Efficient Solution Label, SBTi commitment, and ISO 9001 / ISO 45001 certifications.

Name

Shark Solutions

Legal name

Shark Solutions A/S

Website

https://shark-solutions.com

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

51–100 employees

Short description

Shark Solutions is a Danish cleantech company that uses patented technology to extract PVB polymer from post-consumer laminated glass (windshields and architectural glass) and sell it as sustainable dispersions and pellets to industrial manufacturers in paints, coatings, carpet, textiles, and specialty polymers worldwide.

Ownership category

akta.pro rank

Product category

Recycled Polymer Materials

NAICS

Plastics Material and Resin Manufacturing (325211)

SIC

Plastic Material, Synth Resin/Rubber, Cellulos (No Glass) (2820), Miscellaneous Plastics Products (3080)

akta.pro primary industry

Plastic & Rubber Recycling, Reprocessing & Pelletizing (IMANAOAN)

akta.pro secondary industries

Functional Additive Compounds (UV/Antioxidant/Slip/Antiblock/Processing Aids) (IMANABAJ), Compounding & Additives for Recycled Plastics (Compatibilizers, Stabilizers, Color) (EUAIAKAJ)

Keywords

• Recycled PVB polymers
• Sustainable polymer dispersions
• Laminated glass recycling
• Cleantech raw materials
• Windshield recycling solutions

Headquarters

HQ city

Vipperød

HQ country

Denmark

HQ region

Europe

Offices8 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Recycled PVB Dispersions and Pellets Sales: Shark Solutions generates revenue by manufacturing and selling recycled PVB (PolyVinyl Butyral) dispersions and pellets derived from post-consumer laminated glass waste. These products are sold as sustainable raw material alternatives to industrial manufacturers in paints, coatings, carpet backing, flooring, textiles, and other applications. The company operates manufacturing facilities in Europe and the USA, producing tens of thousands of tonnes annually for global industrial customers.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels8 records

Core offering

Shark Solutions extracts and transforms PolyVinyl Butyral (PVB) from waste laminated glass (automotive windshields and architectural glass) into advanced sustainable polymers. The company manufactures and sells waterborne PVB dispersions (SharkDispersions™) and solid PVB-based pellets (SharkPellets™) as drop-in sustainable raw material alternatives for industrial manufacturers in paints & coatings, carpet & flooring, textiles, sound dampening, and specialty polymer compounding applications. Operations span manufacturing plants in Denmark, Belgium, and the United States, producing tens of thousands of tonnes annually.

Differentiator

Problem solved

Functional benefit

Brands

• SharkDispersion™: Waterborne PVB dispersion product line for use in multiple industrial applications where a liquid binder/adhesive is required
• SharkPellets™
• SharkDispersionMW3™
• SharkDispersionSX3™
• SharkPelletC2c™
• SharkPelletC4c™
• SharkDispersionMW1™
• SharkDispersionSX1™
• SharkPelletC2c™
• SharkDispersionSX2™
• SharkDispersionSR2™
• SharkBinder 1-1™
• SharkDispersionTD™

Products and services

• SharkDispersions™ A product line of homogeneous waterborne PVB dispersions made from 100% post-consumer recycled material (extracted from waste laminated glass). Used by industrial manufacturers in paints & coatings (architectural wall paints, façade coatings, primers), carpet & flooring (precoat, secondary backing, back coatings), textile treatment (coatings, finishing, printing compounds, artificial leather), and specialty applications. Variants include SharkDispersionMW1, MW3, SX1, SX2, SX3, SR2, and TD, each tuned for specific end-use requirements such as foaming, wet scrub resistance, or crosslinkability.
• SharkPellets™ A product line of solid recycled PVB-based pellets used in extrusion applications for carpet backing, textile, nonwoven, and other types of coatings, and for compounding polymer blends and composites. Halogen-free elastomer with no chlorine or phthalates. Variants include SharkPelletsC2c™ (natural opaque pellets from 100% post-consumer recycled PVB) and SharkPelletsC4c™ (dark-colored pellets from post-industrial recycled PVB).
• SharkDispersionSR2™ Latest generation PVB binder for paint and coatings applications, offering improved wet scrub resistance. Class 1 wet scrub resistance achievable when used as sole binder or in blended systems with traditional binder technologies. Used by architectural wall paint manufacturers targeting reduced carbon footprint without compromising performance.
• SharkDispersionTD™ Enhanced foaming PVB dispersion designed for applications requiring enhanced foaming such as carpet precoat, carpet backing, and textile coating applications. Achieves 75% reduction in frothed/foamed weight (from 1107 G/L to 246 G/L) compared to standard SharkDispersion MW1. Patent pending for the formulation.
• SharkBinder 1-1™

Quantifiable outcome

• CO2 reduction factor of 6-10x compared to traditional virgin oil-based binders
• +7 more outcomes

Named customers10 records

Segments6 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

14 partnerships are on record, tiered major, flagship, core and minor.

• Avient CorporationmajorStrategic or Co-development Partner · 1 January 2024Global collaboration with Avient Corporation to create new ready-to-use TPE materials called reSound™ R, a material containing 25% post-consumer recycled PVB from Shark Solutions. Avient's leading formulation expertise enables high-quality, non-toxic PVB to be upcycled into sustainable TPEs for consumer and industrial applications including personal care, lawn and garden, footwear, and automotive.
• EOC GroupflagshipChannel Partner/ Reseller/ Distributor · 1 January 2023Exclusive partnership for Europe and Turkey where EOC Group distributes PVB dispersion made from recycled windshields and architectural glass as a binder in carpet pre-coat and backings. EOC Group brings long-term experience and position in the European carpet market while Shark Solutions stands as THE pioneer in PVB production.
• Ege CarpetsmajorStrategic or Co-development PartnerEge Carpets, one of Europe's largest carpet manufacturers, replaced latex-based glue in 13 carpet collections with recycled PVB binder from Shark Solutions. The Danish carpet giant's ReForm carpet tiles now use 100% recycled PVB binder, reducing CO2 footprint by 22-38% per square meter. Life cycle analysis conducted showing significant sustainability benefits.
• Anker and Devan ChemicalsmajorStrategic or Co-development PartnerPartnership with German carpet manufacturer Anker and textile innovator Devan Chemicals to create the world's first flame retardant aviation carpet using 100% recycled PVB binder from Shark Solutions. Devan developed flame retardant back coating compliant with Airbus and Boeing safety standards. Anker is the first company to offer flame retardant carpets for aviation with recycled binder.
• TapibelcoreStrategic or Co-development PartnerTapibel, a Belgian carpet manufacturer since 1970, launched commercial carpet under their Ecofuse label using recycled PVB from Shark Solutions as precoat and secondary backing. Shark processes PVB into pellets and dispersions delivered to Tapibel for use in their sustainable carpet products.
• Initiatives Decoration (ID Paris)coreStrategic or Co-development PartnerPartnership with Initiatives Decoration (ID) to create ECO Respectueuse, Europe's first sustainable wall paint based on recycled PVB resin. ID added oyster shell powder as natural filler. Paint achieves VOC <1g/L, washable class 1, and 12m2/L coverage. Made in France with equal technical performance to classic paints at competitive price.
• Noroo Paint and CoatingscoreStrategic or Co-development PartnerNoroo, Korea's first company to create architectural paint using PVB from recycled windshields, launched 'Soon & Soo' paint with Shark Solutions' PVB binder. Carbon reduction 1.5-1.7x compared to existing paints. Includes antibacterial and antifungal properties. First forward-facing next-gen wall paint partnership in Asia.
• Amorim Cork CompositecoreStrategic or Co-development PartnerAmorim Cork Composite launched sustainable heavy mass sound dampening sheet using Shark Solutions' recycled PVB binder compound. Provides same acoustic and damping performance as traditional heavy mass layers with significant lower carbon footprint and up to 20% lighter density. Used in automotive, marine, rail, and household equipment industries.
• Danish Technological InstitutecoreStrategic or Co-development PartnerDanish Technological Institute spearheads 'Circular Carpet Tiles' project in partnership with Ege Carpets, Fibertex Nonwovens, Marius Pedersen, and Shark Solutions. Project aims to facilitate production of carpet tiles using recycled carpet material, achieve high recycling rates, and establish new circular supply chains. Supported by Danish Environmental Protection Agency. Target: commercial launch of circular carpet tiles by 2026.
• Fibertex NonwovensminorStrategic or Co-development PartnerPart of circular carpet tiles consortium led by Danish Technological Institute. Collaborating to enable textile recycling and establish circular supply chains for carpet tiles.
• Marius PedersenminorStrategic or Co-development PartnerSorting and waste management company collaborating in circular carpet tiles consortium. Part of project supported by MUDP under the Ministry of the Environment.
• Ellen MacArthur FoundationminorOthersMember of Ellen MacArthur Foundation which develops and promotes circular economy concepts. Works with business, academia, policymakers, and institutions to mobilize systems solutions at scale globally.
• UN Global CompactminorOthersSupporter of UN Global Compact, a United Nations initiative encouraging businesses worldwide to adopt sustainable and socially responsible policies based on 10 principles in human rights, labour, environment, and anti-corruption.
• C.H. ErbslöhminorChannel Partner/ Reseller/ DistributorC.H. Erbslöh serves as distributor for Shark Solutions in the DACH region (Germany, Austria, Switzerland). Representatives available at industry events for discussion and questions.

Scale indicators13 records

Recent moves12 records

Expansion highlights7 records

Direct peers

• Kuraray Co., Ltd. Kuraray is the world's largest producer of PVB resin for laminated glass (Trosifol/Mowital brands) and competes head-to-head with Shark Solutions as a PVB supplier to industrial applications. As the dominant virgin PVB incumbent, Kuraray represents both the primary competitive threat and the implicit benchmark for technology and scale in the PVB market.
• Eastman Chemical Company: Eastman produces Saflex PVB interlayer for laminated safety glass and is a direct competitor to Shark Solutions in the PVB market. Eastman has substantial R&D resources and global manufacturing footprint, making it the most credible incumbent to launch competing recycled PVB offerings.
• Sekisui Chemical Co., Ltd. Sekisui produces S-LEC PVB film for automotive and architectural laminated glass, competing directly with Shark Solutions for PVB market share. Sekisui has announced sustainability initiatives in PVB and is positioned as a likely future competitor in recycled PVB offerings.

Broad incumbents

• BASF SE: BASF is a global leader in polymer dispersions and binders for paints, coatings, and carpet backing applications, competing with Shark Solutions at the binder level even if not in PVB specifically. BASF's acrylic and styrene-acrylic dispersions are the incumbent chemistries that Shark's rPVB is replacing in customer formulations.
• Wacker Chemie AG: Wacker produces polymer dispersions and specialty binders for construction chemicals, coatings, and adhesives markets globally. Wacker's VINNAPAS and other binder lines compete in the same application space as Shark Solutions' PVB-based dispersions for paints and carpet applications.

Emerging players

• Synthomer plc: Synthomer is a specialty polymer dispersions producer serving carpet backing, textile coating, and adhesives end markets — directly overlapping with Shark Solutions' core application segments. As a focused mid-sized specialty chemicals player, Synthomer is the closest pure-play dispersions peer to Shark Solutions' commercial offering.
• Organik Kimya: Organik Kimya is a specialty emulsions and dispersions producer focused on carpet backing, textile coating, and construction chemicals — overlapping directly with Shark Solutions' primary end markets. As a smaller specialty player with similar customer profiles, it represents a more direct competitive peer in the carpet and textile binder segments.
• MBA Polymers: MBA Polymers is a leader in recycling complex plastics from end-of-life vehicles and electronics into engineering-grade resins for industrial applications. While focused on different polymer streams, MBA Polymers competes in the broader recycled-polymer-for-industrial-binders market that Shark Solutions targets.
• Avient Corporation: Avient is both a strategic partner (reSound™ R TPEs with 25% recycled PVB) and an emerging player in specialty polymer compounds containing recycled content. While currently a partner, Avient's compounding capabilities and global reach position it as a potential channel partner and a competitive threat in downstream TPE markets.

Others

• Veolia Environnement: Veolia is a global leader in waste management and recycling services, including handling of end-of-life vehicle glass and architectural glass streams. As a potential partner or competitor for feedstock collection logistics, Veolia represents the adjacent infrastructure player in Shark Solutions' recycled glass supply chain.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/shark-solutions

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries5 records

Funding overview

Funding rounds2 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Shark Solutions