Encapsulant Materials for PV Modules Market

The global Encapsulant Materials for PV Modules market was valued at US$ 2890.1 million in 2022 and is projected to reach US$ 6685.6 million by 2029, at a CAGR of 12.7% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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 ?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.
Encapsulant Materials for PV Modules Market aims to provide a comprehensive presentation of the global market for Encapsulant Materials for PV Modules, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Encapsulant Materials for PV Modules. Encapsulant Materials for PV Modules Market contains market size and forecasts of Encapsulant Materials for PV Modules in global, including the following market information:

• Global Encapsulant Materials for PV Modules Market Revenue, 2018-2023, 2024-2029, ($ millions)
• Global Encapsulant Materials for PV Modules Market Sales, 2018-2023, 2024-2029, (Million m?)
• Global top five Encapsulant Materials for PV Modules companies in 2022 (%)

Global key players of Encapsulant Materials for PV Modules include First, Sveck, HIUV, Bbetter, Hanwha and Mitsui Chemicals, etc. Top five players occupy for a share about 84%. China is the largest market, with a share about 81%, followed by North America and Japan. In terms of product, EVA Film is the largest segment, with a share over 73%. In terms of application, Monofacial Module is the largest market, with a share over 50%.
We surveyed the Encapsulant Materials for PV Modules manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Encapsulant Materials for PV Modules Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (Million m?)
Global Encapsulant Materials for PV Modules Market Segment Percentages, by Type, 2022 (%)

• EVA Film
• POE Film

Global Encapsulant Materials for PV Modules Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (Million m?)
Global Encapsulant Materials for PV Modules Market Segment Percentages, by Application, 2022 (%)

• Monocrystalline Silicon Module
• Polycrystalline Silicon Module
• Thin Film Module

Global Encapsulant Materials for PV Modules Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (Million m?)
Global Encapsulant Materials for PV Modules Market Segment Percentages, By Region and Country, 2022 (%)

• North America
• US
• Canada
• Mexico
• Europe
• Germany
• France
• U.K.
• Italy
• Russia
• Nordic Countries
• Benelux
• Rest of Europe
• Asia
• China
• Japan
• South Korea
• Southeast Asia
• India
• Rest of Asia
• South America
• Brazil
• Argentina
• Rest of South America
• Middle East & Africa
• Turkey
• Israel
• Saudi Arabia
• UAE
• Rest of Middle East & Africa

Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Encapsulant Materials for PV Modules revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Encapsulant Materials for PV Modules revenues share in global market, 2022 (%)
Key companies Encapsulant Materials for PV Modules sales in global market, 2018-2023 (Estimated), (Million m?)
Key companies Encapsulant Materials for PV Modules sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:

• Hangzhou First
• Sveck
• HIUV
• Changzhou Bbetter Film Technologies
• Shanghai Tianyang
• Lushan New Materials
• STR Solar
• Lucent CleanEnergy
• Mitsui Chemicals
• Vishakha Renewables
• RenewSys
• Allied Glasses
• TPI All Seasons Company
• 3M
• Hanwha
• Saudi Specialized Products Company

Outline of Major Chapters:

• Chapter 1: Introduces the definition of Encapsulant Materials for PV Modules, market overview.
• Chapter 2: Global Encapsulant Materials for PV Modules market size in revenue and volume.
• Chapter 3: Detailed analysis of Encapsulant Materials for PV Modules manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
• Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
• Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
• Chapter 6: Sales of Encapsulant Materials for PV Modules in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
• Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
• Chapter 8: Global Encapsulant Materials for PV Modules capacity by region & country.
• Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
• Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
• Chapter 11: The main points and conclusions of the report.

To know more about market statistics, Download a FREE Sample copy