Global Solar Encapsulation Market Size study, by Material (Ethylene Vinyl Acetate, Non-ethylene Vinyl Acetate, UV Curable Resin, and Others), by Technology (Polycrystalline Silicon Solar, Cadmium Telluride, Copper Indium Gallium Selenide, and Amorphous Si

Global Solar Encapsulation Market Size study, by Material (Ethylene Vinyl Acetate, Non-ethylene Vinyl Acetate, UV Curable Resin, and Others), by Technology (Polycrystalline Silicon Solar, Cadmium Telluride, Copper Indium Gallium Selenide, and Amorphous Silicon), by Application (Construction, Electronics, Automotive, and Others) and Regional Forecasts 2022-2029

Global Solar Encapsulation market is valued at approximately USD 2.83 Billion in 2021 and is anticipated to grow with a growth rate of more than 8.7 % over the forecast period 2022-2029. Solar photovoltaic technology is a technology that converts sunlight into direct current electricity by using electronic components such as semiconductors. There is a number of layers in solar cell and among those layers, one is encapsulation film that protects the solar cell from discoloration, moisture etc. and ensures its reliability and performance. It provides optical and electrical transmissivity. Rising demand for electricity worldwide, cost reduction potential of solar PV and development in PV technology are the factors driving the growth of market over the forecast years.

Over the years the demand for electricity has significantly increased due to increased commercial and industrial demand as well as growing adoption of electric vehicles. Hence, with rising electricity demand the adoption of alternative energy sources such as solar energy has rapidly increased creating lucrative demand for solar encapsulation worldwide. For instance – according to International Energy Agency (IEA) estimates – in 2019, the global electricity demand was estimated at approximately 24000 terawatt-hours, and the demand for electricity is projected to reach 27500 terawatt-hours by 2026, and further 30,000 terawatt-hours in 2030. Thus, the rise in global electricity demand indicates the rise in electricity production propels the growth of global solar encapsulation market over the forecast years. Also, introduction of organic solar technology and economical encapsulation techniques and increasing demand for solar lights for road dividers would create lucrative growth prospectus for the global solar encapsulation market throughout the projected period. However, degradation of EVA solar encapsulation materials hinders the market growth throughout the forecast period of 2022-2029.

The regional analysis of global Solar Encapsulation market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia Pacific is estimated as the dominant and fastest growing region worldwide due to the factors such as increasing number of initiatives from government authorities to promote adoption of solar energy and growing investment in solar parks as well as the region being one of the largest producers of solar energy worldwide.

Market players included in this report are:
3M Company
AKCOME
STR Holding Inc.
Bridgestone Corporation
DNP solar
Dow Inc.
Dupont De Nemours Inc
First Solar
Hangzhou First PV Material Co. Ltd.
JGP Energy

Recent Developments in the Market:
 In October 2020, Japan based Mitsubishi Chemical Corporation, acquired USA based Gelest Inc. With this acquisition, the company intended to extend its geographical footprint.

Global Solar Encapsulation Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Material, Technology, Application, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Material
Ethylene Vinyl Acetate
Non-ethylene Vinyl Acetate
UV Curable Resin
Others

By Technology
Polycrystalline Silicon Solar
Cadmium Telluride
Copper Indium Gallium Selenide
Amorphous Silicon

By Application
Construction
Electronics
Automotive
Others

By Regions:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World


Companies Mentioned

3M Company
AKCOME
STR Holding Inc.
Bridgestone Corporation
DNP solar
Dow Inc.
Dupont De Nemours Inc
First Solar
Hangzhou First PV Material Co. Ltd.
JGP Energy

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