Global Encapsulant Materials for PV Modules Market Growth 2025-2031

Global Encapsulant Materials for PV Modules Market Growth 2025-2031

The global Encapsulant Materials for PV Modules market size is predicted to grow from US$ 6841 million in 2025 to US$ 7667 million in 2031; it is expected to grow at a CAGR of 1.9% from 2025 to 2031.

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.

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.

LP Information, Inc. (LPI) ' newest research report, the “Encapsulant Materials for PV Modules Industry Forecast” looks at past sales and reviews total world Encapsulant Materials for PV Modules sales in 2024, providing a comprehensive analysis by region and market sector of projected Encapsulant Materials for PV Modules sales for 2025 through 2031. With Encapsulant Materials for PV Modules sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Encapsulant Materials for PV Modules industry.

This Insight Report provides a comprehensive analysis of the global Encapsulant Materials for PV Modules landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Encapsulant Materials for PV Modules portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Encapsulant Materials for PV Modules market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Encapsulant Materials for PV Modules and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Encapsulant Materials for PV Modules.

This report presents a comprehensive overview, market shares, and growth opportunities of Encapsulant Materials for PV Modules market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
EVA Film
POE Film
Others

Segmentation by Application:
Monofacial Module
Bifacial Module

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
First
Sveck
HIUV
Betterial
Tianyang
STR Solar
Lucent CleanEnergy
Mitsui Chemicals
Vishakha Renewables
RenewSys
Cybrid Technologies
TPI Polene
3M
Hanwha
SSPC
LUSHAN

Key Questions Addressed in this Report

What is the 10-year outlook for the global Encapsulant Materials for PV Modules market?

What factors are driving Encapsulant Materials for PV Modules market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Encapsulant Materials for PV Modules market opportunities vary by end market size?

How does Encapsulant Materials for PV Modules break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.