The global solar encapsulation market is anticipated to grow at a significant CAGR of 4.9% during the forecast period. PV cells as mounted in PV modules are encapsulated with a polymeric material to protect against weather, corrosive environment, UV radiation, low mechanical stress, and low energy impacts. Constantly growing demand for solar energy and increasing installations of solar PVs across the globe with growing investment in improvement of infrastructure is expected to build potential market growth for solar encapsulation market. For instance according to Solar Energy Industries Association (SEIA), In 2019, The US Surpasses more than 2 million solar PV installations. According to Center for Climate and Energy Solutions Solar photovoltaics are the fastest growing electricity source. In 2020, around 139 GW of global capacity was added, bringing the total to about 760 GW and producing almost 3 percent of the world’s electricity.
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The global solar encapsulation market is segmented based on the application, material, and technology. Based on the application, the market is segmented into construction, automobiles, electronics and others. Based on the material, the market is sub-segmented into the ethylene vinyl acetate (EVA), polyvinyl butyral (PVB), polydimethylsiloxane (PDMS), ionomer and others (thermoplastic polyurethane (TPU) & polyolefin). Based on the technology, the market is sub-segmented into the single crystal/polycrystalline silicon technology and thin film solar technology, the thin film solar technology is further segmented into CDTE, CIGS, A-SI. The above mentioned segments can be customized as per the requirements.
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Market Coverage
Market number available for – 2024-2031
Base year- 2024
Forecast period- 2024-2031
Segment Covered- By Source, By Product Type, By Applications
Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
, and others
Market Segmentation
Global Solar Encapsulation Market by Application
Construction
Automobiles
Electronics
Others
Global Solar Encapsulation Market by Material
Ethylene vinyl acetate (EVA)
Polyvinyl butyral (PVB)
Polydimethylsiloxane (PDMS)
Ionomer
Others (Thermoplastic Polyurethane (TPU) & Polyolefin)
Global Solar Encapsulation Market by Technology
Single crystal/polycrystalline silicon technology
Thin film solar technology
Cadmium Telluride (CDTE)
Copper Indium Gallium Selenide (CIGS)
Amorphous Silicon (A-SI)
Regional Analysis
North America
United States
Canada
Europe
UK
Germany
Italy
Spain
France
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
Rest of the World
Company Profiles
3M
Bridgestone Corp.
Changzhou Betterial Film Technologies Co.,Ltd.
Dai Nippon Printing Co., Ltd.
Dow Chemical Company
EEastman Chemical Company
EVASA
First Solar, Inc
Jiangsu Sveck New Materials Co., Ltd
jura-plast GmbH
Kaneka Corp. oration
Kuraray Europe GmbH
LONGi Green Energy Technology Co., Ltd
Lucent Energy Management
Mitsubishi Chemical Corp. oration
RenewSys India Pvt. Ltd.
Saint-Gobain
Shanghai HIUV New Materials Co., Ltd.
SKC Inc.
The Report Covers
Market value data analysis of 2020 and forecast to 2027.
Annualized market revenues ($ million) for each market segment.
Country-wise analysis of major geographical regions.
Key companies operating in the global solar encapsulation market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
Analysis of market-entry and market expansion strategies.
Competitive strategies by identifying ‘who-stands-where’ in the market.
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