The global Encapsulant Materials for PV Modules market size was valued at US$ 5974.5 million in 2023. With growing demand in downstream market, the Encapsulant Materials for PV Modules is forecast to a readjusted size of US$ 6824.8 million by 2030 with a CAGR of 1.9% during review period.
The research report highlights the growth potential of the global Encapsulant Materials for PV Modules market. Encapsulant Materials for PV Modules are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Encapsulant Materials for PV Modules. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Encapsulant Materials for PV Modules market.
An encapsulant is used to provide adhesion between the solar cells, the top surface and the rear surface of the PV module. The encapsulant should be stable at elevated temperatures and high UV exposure. It should also be optically transparent and should have a low thermal resistance. EVA (ethyl vinyl acetate) is the most commonly used encapsulant material. EVA comes in thin sheets which are inserted between the solar cells and the top surface and the rear surface. This sandwich is then heated to 150 掳C to polymerize the EVA and bond the module together. Encapsulant materials used in photovoltaic (PV) modules serve multiple purposes; it provides optical coupling of PV cells and protection against environmental stress. Polymers must perform these functions under prolonged periods of high temperature, humidity, and UV radiation. When PV panels were first developed in the 1960s and the 1970s, the dominant encapsulants were based on polydimethyl siloxane (PDMS). Ethylene-co-vinyl acetate (EVA) is currently the dominant encapsulant chosen for PV applications, not because it has the best combination of properties, but because it is an economical option with an established history of acceptable durability. Getting new products onto the market is challenging because there is no room for dramatic improvements, and one must balance the initial cost and performance with the unknowns of long-term service life. Recently, there has been renewed interest in using alternative encapsulant materials with some significant manufacturers switching from EVA to polyolefin elastomer-based (POE) alternatives. The material typically used for this application is Ethylene-Vinyl Acetate (EVA). It had made such a name for itself in the market that it was synonymous with encapsulation, enjoying a monopoly for over three decades. Polyolefin (POE), however, is evolving strongly as an alternative, especially with the growing popularity of bifacial technology. Though bifacial is growing at a faster pace, monofacial market is still larger, meaning EVA still dominates this sector.
Global key players of encapsulant materials for PV modules include First, HIUV, Sveck, Cybrid Technologies, Betterial, etc. The top five players hold a share about 82%. Asia-Pacific is the largest market, has a share about 94%, followed by North America and Europe, with share 3% and 2%, separately.
Key Features:
The report on Encapsulant Materials for PV Modules market reflects various aspects and provide valuable insights into the industry.
Market Size and Growth: The research report provide an overview of the current size and growth of the Encapsulant Materials for PV Modules market. It may include historical data, market segmentation by Type (e.g., EVA Film, POE Film), and regional breakdowns.
Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Encapsulant Materials for PV Modules market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Competitive Landscape: The research report provides analysis of the competitive landscape within the Encapsulant Materials for PV Modules market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Technological Developments: The research report can delve into the latest technological developments in the Encapsulant Materials for PV Modules industry. This include advancements in Encapsulant Materials for PV Modules technology, Encapsulant Materials for PV Modules new entrants, Encapsulant Materials for PV Modules new investment, and other innovations that are shaping the future of Encapsulant Materials for PV Modules.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Encapsulant Materials for PV Modules market. It includes factors influencing customer ' purchasing decisions, preferences for Encapsulant Materials for PV Modules product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Encapsulant Materials for PV Modules market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Encapsulant Materials for PV Modules market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Encapsulant Materials for PV Modules market.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Encapsulant Materials for PV Modules industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Encapsulant Materials for PV Modules market.
Market Segmentation:
Encapsulant Materials for PV Modules market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Segmentation by type
EVA Film
POE Film
Others
Segmentation by application
Monofacial Module
Bifacial Module
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
First
Sveck
HIUV
Betterial
Tianyang
STR Solar
Lucent CleanEnergy
Mitsui Chemicals
Vishakha Renewables
RenewSys
Cybrid Technologies
TPI Polene
3M
Hanwha
SSPC
LUSHAN
Key Questions Addressed in this Report
What is the 10-year outlook for the global Encapsulant Materials for PV Modules market?
What factors are driving Encapsulant Materials for PV Modules market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Encapsulant Materials for PV Modules market opportunities vary by end market size?
How does Encapsulant Materials for PV Modules break out type, application?
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1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Encapsulant Materials for PV Modules Annual Sales 2019-2030
2.1.2 World Current & Future Analysis for Encapsulant Materials for PV Modules by Geographic Region, 2019, 2023 & 2030
2.1.3 World Current & Future Analysis for Encapsulant Materials for PV Modules by Country/Region, 2019, 2023 & 2030
2.2 Encapsulant Materials for PV Modules Segment by Type
2.2.1 EVA Film
2.2.2 POE Film
2.2.3 Others
2.3 Encapsulant Materials for PV Modules Sales by Type
2.3.1 Global Encapsulant Materials for PV Modules Sales Market Share by Type (2019-2024)
2.3.2 Global Encapsulant Materials for PV Modules Revenue and Market Share by Type (2019-2024)
2.3.3 Global Encapsulant Materials for PV Modules Sale Price by Type (2019-2024)
2.4 Encapsulant Materials for PV Modules Segment by Application
2.4.1 Monofacial Module
2.4.2 Bifacial Module
2.5 Encapsulant Materials for PV Modules Sales by Application
2.5.1 Global Encapsulant Materials for PV Modules Sale Market Share by Application (2019-2024)
2.5.2 Global Encapsulant Materials for PV Modules Revenue and Market Share by Application (2019-2024)
2.5.3 Global Encapsulant Materials for PV Modules Sale Price by Application (2019-2024)
3 Global Encapsulant Materials for PV Modules by Company
3.1 Global Encapsulant Materials for PV Modules Breakdown Data by Company
3.1.1 Global Encapsulant Materials for PV Modules Annual Sales by Company (2019-2024)
3.1.2 Global Encapsulant Materials for PV Modules Sales Market Share by Company (2019-2024)
3.2 Global Encapsulant Materials for PV Modules Annual Revenue by Company (2019-2024)
3.2.1 Global Encapsulant Materials for PV Modules Revenue by Company (2019-2024)
3.2.2 Global Encapsulant Materials for PV Modules Revenue Market Share by Company (2019-2024)
3.3 Global Encapsulant Materials for PV Modules Sale Price by Company
3.4 Key Manufacturers Encapsulant Materials for PV Modules Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Encapsulant Materials for PV Modules Product Location Distribution
3.4.2 Players Encapsulant Materials for PV Modules Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2019-2024)
3.6 New Products and Potential Entrants
3.7 Mergers & Acquisitions, Expansion
4 World Historic Review for Encapsulant Materials for PV Modules by Geographic Region
4.1 World Historic Encapsulant Materials for PV Modules Market Size by Geographic Region (2019-2024)
4.1.1 Global Encapsulant Materials for PV Modules Annual Sales by Geographic Region (2019-2024)
4.1.2 Global Encapsulant Materials for PV Modules Annual Revenue by Geographic Region (2019-2024)
4.2 World Historic Encapsulant Materials for PV Modules Market Size by Country/Region (2019-2024)
4.2.1 Global Encapsulant Materials for PV Modules Annual Sales by Country/Region (2019-2024)
4.2.2 Global Encapsulant Materials for PV Modules Annual Revenue by Country/Region (2019-2024)
4.3 Americas Encapsulant Materials for PV Modules Sales Growth
4.4 APAC Encapsulant Materials for PV Modules Sales Growth
4.5 Europe Encapsulant Materials for PV Modules Sales Growth
4.6 Middle East & Africa Encapsulant Materials for PV Modules Sales Growth
5 Americas
5.1 Americas Encapsulant Materials for PV Modules Sales by Country
5.1.1 Americas Encapsulant Materials for PV Modules Sales by Country (2019-2024)
5.1.2 Americas Encapsulant Materials for PV Modules Revenue by Country (2019-2024)
5.2 Americas Encapsulant Materials for PV Modules Sales by Type
5.3 Americas Encapsulant Materials for PV Modules Sales by Application
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Encapsulant Materials for PV Modules Sales by Region
6.1.1 APAC Encapsulant Materials for PV Modules Sales by Region (2019-2024)
6.1.2 APAC Encapsulant Materials for PV Modules Revenue by Region (2019-2024)
6.2 APAC Encapsulant Materials for PV Modules Sales by Type
6.3 APAC Encapsulant Materials for PV Modules Sales by Application
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe Encapsulant Materials for PV Modules by Country
7.1.1 Europe Encapsulant Materials for PV Modules Sales by Country (2019-2024)
7.1.2 Europe Encapsulant Materials for PV Modules Revenue by Country (2019-2024)
7.2 Europe Encapsulant Materials for PV Modules Sales by Type
7.3 Europe Encapsulant Materials for PV Modules Sales by Application
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Encapsulant Materials for PV Modules by Country
8.1.1 Middle East & Africa Encapsulant Materials for PV Modules Sales by Country (2019-2024)
8.1.2 Middle East & Africa Encapsulant Materials for PV Modules Revenue by Country (2019-2024)
8.2 Middle East & Africa Encapsulant Materials for PV Modules Sales by Type
8.3 Middle East & Africa Encapsulant Materials for PV Modules Sales by Application
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of Encapsulant Materials for PV Modules
10.3 Manufacturing Process Analysis of Encapsulant Materials for PV Modules
10.4 Industry Chain Structure of Encapsulant Materials for PV Modules
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Encapsulant Materials for PV Modules Distributors
11.3 Encapsulant Materials for PV Modules Customer
12 World Forecast Review for Encapsulant Materials for PV Modules by Geographic Region
12.1 Global Encapsulant Materials for PV Modules Market Size Forecast by Region
12.1.1 Global Encapsulant Materials for PV Modules Forecast by Region (2025-2030)
12.1.2 Global Encapsulant Materials for PV Modules Annual Revenue Forecast by Region (2025-2030)
12.2 Americas Forecast by Country
12.3 APAC Forecast by Region
12.4 Europe Forecast by Country
12.5 Middle East & Africa Forecast by Country
12.6 Global Encapsulant Materials for PV Modules Forecast by Type
12.7 Global Encapsulant Materials for PV Modules Forecast by Application
13 Key Players Analysis
13.1 First
13.1.1 First Company Information
13.1.2 First Encapsulant Materials for PV Modules Product Portfolios and Specifications
13.1.3 First Encapsulant Materials for PV Modules Sales, Revenue, Price and Gross Margin (2019-2024)
13.1.4 First Main Business Overview
13.1.5 First Latest Developments
13.2 Sveck
13.2.1 Sveck Company Information
13.2.2 Sveck Encapsulant Materials for PV Modules Product Portfolios and Specifications
13.2.3 Sveck Encapsulant Materials for PV Modules Sales, Revenue, Price and Gross Margin (2019-2024)
13.2.4 Sveck Main Business Overview
13.2.5 Sveck Latest Developments
13.3 HIUV
13.3.1 HIUV Company Information
13.3.2 HIUV Encapsulant Materials for PV Modules Product Portfolios and Specifications
13.3.3 HIUV Encapsulant Materials for PV Modules Sales, Revenue, Price and Gross Margin (2019-2024)
13.3.4 HIUV Main Business Overview
13.3.5 HIUV Latest Developments
13.4 Betterial
13.4.1 Betterial Company Information
13.4.2 Betterial Encapsulant Materials for PV Modules Product Portfolios and Specifications
13.4.3 Betterial Encapsulant Materials for PV Modules Sales, Revenue, Price and Gross Margin (2019-2024)
13.4.4 Betterial Main Business Overview
13.4.5 Betterial Latest Developments
13.5 Tianyang
13.5.1 Tianyang Company Information
13.5.2 Tianyang Encapsulant Materials for PV Modules Product Portfolios and Specifications
13.5.3 Tianyang Encapsulant Materials for PV Modules Sales, Revenue, Price and Gross Margin (2019-2024)
13.5.4 Tianyang Main Business Overview
13.5.5 Tianyang Latest Developments
13.6 STR Solar
13.6.1 STR Solar Company Information
13.6.2 STR Solar Encapsulant Materials for PV Modules Product Portfolios and Specifications
13.6.3 STR Solar Encapsulant Materials for PV Modules Sales, Revenue, Price and Gross Margin (2019-2024)
13.6.4 STR Solar Main Business Overview
13.6.5 STR Solar Latest Developments
13.7 Lucent CleanEnergy
13.7.1 Lucent CleanEnergy Company Information
13.7.2 Lucent CleanEnergy Encapsulant Materials for PV Modules Product Portfolios and Specifications
13.7.3 Lucent CleanEnergy Encapsulant Materials for PV Modules Sales, Revenue, Price and Gross Margin (2019-2024)
13.7.4 Lucent CleanEnergy Main Business Overview
13.7.5 Lucent CleanEnergy Latest Developments
13.8 Mitsui Chemicals
13.8.1 Mitsui Chemicals Company Information
13.8.2 Mitsui Chemicals Encapsulant Materials for PV Modules Product Portfolios and Specifications
13.8.3 Mitsui Chemicals Encapsulant Materials for PV Modules Sales, Revenue, Price and Gross Margin (2019-2024)
13.8.4 Mitsui Chemicals Main Business Overview
13.8.5 Mitsui Chemicals Latest Developments
13.9 Vishakha Renewables
13.9.1 Vishakha Renewables Company Information
13.9.2 Vishakha Renewables Encapsulant Materials for PV Modules Product Portfolios and Specifications
13.9.3 Vishakha Renewables Encapsulant Materials for PV Modules Sales, Revenue, Price and Gross Margin (2019-2024)
13.9.4 Vishakha Renewables Main Business Overview
13.9.5 Vishakha Renewables Latest Developments
13.10 RenewSys
13.10.1 RenewSys Company Information
13.10.2 RenewSys Encapsulant Materials for PV Modules Product Portfolios and Specifications
13.10.3 RenewSys Encapsulant Materials for PV Modules Sales, Revenue, Price and Gross Margin (2019-2024)
13.10.4 RenewSys Main Business Overview
13.10.5 RenewSys Latest Developments
13.11 Cybrid Technologies
13.11.1 Cybrid Technologies Company Information
13.11.2 Cybrid Technologies Encapsulant Materials for PV Modules Product Portfolios and Specifications
13.11.3 Cybrid Technologies Encapsulant Materials for PV Modules Sales, Revenue, Price and Gross Margin (2019-2024)
13.11.4 Cybrid Technologies Main Business Overview
13.11.5 Cybrid Technologies Latest Developments
13.12 TPI Polene
13.12.1 TPI Polene Company Information
13.12.2 TPI Polene Encapsulant Materials for PV Modules Product Portfolios and Specifications
13.12.3 TPI Polene Encapsulant Materials for PV Modules Sales, Revenue, Price and Gross Margin (2019-2024)
13.12.4 TPI Polene Main Business Overview
13.12.5 TPI Polene Latest Developments
13.13 3M
13.13.1 3M Company Information
13.13.2 3M Encapsulant Materials for PV Modules Product Portfolios and Specifications
13.13.3 3M Encapsulant Materials for PV Modules Sales, Revenue, Price and Gross Margin (2019-2024)
13.13.4 3M Main Business Overview
13.13.5 3M Latest Developments
13.14 Hanwha
13.14.1 Hanwha Company Information
13.14.2 Hanwha Encapsulant Materials for PV Modules Product Portfolios and Specifications
13.14.3 Hanwha Encapsulant Materials for PV Modules Sales, Revenue, Price and Gross Margin (2019-2024)
13.14.4 Hanwha Main Business Overview
13.14.5 Hanwha Latest Developments
13.15 SSPC
13.15.1 SSPC Company Information
13.15.2 SSPC Encapsulant Materials for PV Modules Product Portfolios and Specifications
13.15.3 SSPC Encapsulant Materials for PV Modules Sales, Revenue, Price and Gross Margin (2019-2024)
13.15.4 SSPC Main Business Overview
13.15.5 SSPC Latest Developments
13.16 LUSHAN
13.16.1 LUSHAN Company Information
13.16.2 LUSHAN Encapsulant Materials for PV Modules Product Portfolios and Specifications
13.16.3 LUSHAN Encapsulant Materials for PV Modules Sales, Revenue, Price and Gross Margin (2019-2024)
13.16.4 LUSHAN Main Business Overview
13.16.5 LUSHAN Latest Developments
14 Research Findings and Conclusion
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*If Applicable.
