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 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 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, 2017-2022, 2023-2028, ($ millions)

Global Encapsulant Materials for PV Modules Market Sales, 2017-2022, 2023-2028, (m)

Global top five Encapsulant Materials for PV Modules companies in 2021 (%)

The global Encapsulant Materials for PV Modules market was valued at 2890.1 million in 2021 and is projected to reach US$ 6685.6 million by 2028, at a CAGR of 12.7% during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

EVA Film Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Encapsulant Materials for PV Modules include First, Sveck, HIUV, Bbetter, Tianyang, STR Solar, Lucent CleanEnergy, Mitsui Chemicals and Vishakha Renewables, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

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, 2017-2022, 2023-2028 ($ Millions) & (m)

Global Encapsulant Materials for PV Modules Market Segment Percentages, by Type, 2021 (%)

• EVA Film
• POE Film
• Other

Global Encapsulant Materials for PV Modules Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (m)

Global Encapsulant Materials for PV Modules Market Segment Percentages, by Application, 2021 (%)

• Monofacial Module
• Bifacial Module

Global Encapsulant Materials for PV Modules Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (m)

Global Encapsulant Materials for PV Modules Market Segment Percentages, By Region and Country, 2021 (%)

• 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, 2017-2022 (Estimated), ($ millions)
• Key companies Encapsulant Materials for PV Modules revenues share in global market, 2021 (%)
• Key companies Encapsulant Materials for PV Modules sales in global market, 2017-2022 (Estimated), (m)
• Key companies Encapsulant Materials for PV Modules sales share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

• First
• Sveck
• HIUV
• Bbetter
• Tianyang
• STR Solar
• Lucent CleanEnergy
• Mitsui Chemicals
• Vishakha Renewables
• RenewSys
• Cybrid Technologies
• TPI Polene
• 3M
• Hanwha
• SSPC
• LUSHAN