Global Encapsulant Materials for PV Modules Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

Global Encapsulant Materials for PV Modules Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

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. 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.

According to our (Global Info Research) latest study, the global Encapsulant Materials for PV Modules market size was valued at US$ 7078 million in 2023 and is forecast to a readjusted size of USD 8012 million by 2030 with a CAGR of 1.8% during review period.

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.

This report is a detailed and comprehensive analysis for global Encapsulant Materials for PV Modules market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2024, are provided.

Key Features:

Global Encapsulant Materials for PV Modules market size and forecasts, in consumption value ($ Million), sales quantity (M Sqm), and average selling prices (US$/Sqm), 2019-2030

Global Encapsulant Materials for PV Modules market size and forecasts by region and country, in consumption value ($ Million), sales quantity (M Sqm), and average selling prices (US$/Sqm), 2019-2030

Global Encapsulant Materials for PV Modules market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (M Sqm), and average selling prices (US$/Sqm), 2019-2030

Global Encapsulant Materials for PV Modules market shares of main players, shipments in revenue ($ Million), sales quantity (M Sqm), and ASP (US$/Sqm), 2019-2024

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Encapsulant Materials for PV Modules

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Encapsulant Materials for PV Modules market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include First, Sveck, HIUV, Betterial, Tianyang, STR Solar, Lucent CleanEnergy, Mitsui Chemicals, Vishakha Renewables, RenewSys, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

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. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
EVA Film
POE Film
Others

Market segment by Application
Monofacial Module
Bifacial Module

Major players covered
First
Sveck
HIUV
Betterial
Tianyang
STR Solar
Lucent CleanEnergy
Mitsui Chemicals
Vishakha Renewables
RenewSys
Cybrid Technologies
TPI Polene
3M
Hanwha
SSPC
LUSHAN

Market segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Encapsulant Materials for PV Modules product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Encapsulant Materials for PV Modules, with price, sales quantity, revenue, and global market share of Encapsulant Materials for PV Modules from 2019 to 2024.

Chapter 3, the Encapsulant Materials for PV Modules competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Encapsulant Materials for PV Modules breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2019 to 2030.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2019 to 2030.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2019 to 2024.and Encapsulant Materials for PV Modules market forecast, by regions, by Type, and by Application, with sales and revenue, from 2025 to 2030.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Encapsulant Materials for PV Modules.

Chapter 14 and 15, to describe Encapsulant Materials for PV Modules sales channel, distributors, customers, research findings and conclusion.