Global Sealant for Photovoltaic Module Market Growth 2025-2031

The global Sealant for Photovoltaic Module market size is predicted to grow from US$ 272 million in 2025 to US$ 410 million in 2031; it is expected to grow at a CAGR of 7.1% from 2025 to 2031.

Solar photovoltaic modules are mainly used outdoors, so the sealant used must have excellent properties to withstand harsh environments. Sealant for Photovoltaic Module can be used for frame sealing and bonding of Junction box.

It is expected that global demand for photovoltaic products will remain high in the next few years. According to our PV & Solar Research Center, by the end of 2022, the global cumulative installed photovoltaic power generation capacity is about 1180 GW. According to the data of China Photovoltaic Industry Association, the global newly installed photovoltaic capacity in 2022 is about 230 GW, and this number in 2023 is predicted to be 280-330 GW. According to the data of the Ministry of Industry and Information Technology, the total output value of China"s photovoltaic industry exceeded 1.4 trillion yuan in 2022. From the perspective of production value, mainland China is still the global center of the PV industry. According to the International Energy Agency, China market share in all key products of the supply chain have exceeded 80%. Among them, the production capacity of silicon wafers, solar cells, and components accounts for as high as 98%, 85% and 77%, respectively. According to the data released by the European Photovoltaic Association, 27 EU countries gained a new PV installed capacity of 41.4 GW in 2022. According to the report of the US Solar Energy Industries Association (SEIA), the US held a new PV installed capacity of less than 19 GW in 2022. But it is estimated that from 2023, the average annual growth rate of new photovoltaic installed capacity will exceed 21%. In terms of Japan, based on data from Fitch and the US Energy Information Administration (EIA), in 2022, Japan"s newly installed photovoltaic capacity was 3.39 GW.

Sealant for photovoltaic modules plays a pivotal role in the continuously growing clean energy market as a crucial material for solar photovoltaic applications. With the increasing global demand for renewable energy, the sealant market has rapidly expanded. The market size continues to grow significantly, finding wide-ranging use in the production and installation processes of solar panels, ensuring their long-term stability and efficient performance. With ongoing technological innovations and expanding application areas, the specific uses of sealants for photovoltaic modules are diversifying, covering aspects ranging from residential rooftops to large-scale commercial and industrial solar projects. In the future, with further advancements in solar technology and market expansion, sealants for photovoltaic modules are poised for continuous development, contributing significantly to the sustainable energy industry"s progress.

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

This Insight Report provides a comprehensive analysis of the global Sealant for Photovoltaic Module 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 Sealant for Photovoltaic Module portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Sealant for Photovoltaic Module market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Sealant for Photovoltaic Module 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 Sealant for Photovoltaic Module.

This report presents a comprehensive overview, market shares, and growth opportunities of Sealant for Photovoltaic Module market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Silicone Sealant
Polyurethane Sealant
Butyl Sealant
Other

Segmentation by Application:
Household
Commercial
Industrial

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.
DuPont
Shin-Etsu Polymer
Henkel
H.B. Fuller
Novagard
Elkem Silicones
Hubei Huitian New Materials
Guangzhou Jointas Chemical
Chengdu Guibao Science and Technology
Guangzhou Baiyun Chemical Industry
Sichuan Kelixin New Material
Yangzhou Chenhua New Materials

Key Questions Addressed in this Report

What is the 10-year outlook for the global Sealant for Photovoltaic Module market?

What factors are driving Sealant for Photovoltaic Module market growth, globally and by region?

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

How do Sealant for Photovoltaic Module market opportunities vary by end market size?

How does Sealant for Photovoltaic Module break out by Type, by Application?

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