Global Solar Encapsulation Market Size Study & Forecast, by Material (EVA, PVB, PDMS, Ionomer, TPU, Polyolefin), Technology (Crystalline Silicon, Thin-film Solar), Application (Ground-mounted, Building-integrated Photovoltaic, Floating Photovoltaic) and R

The Global Solar Encapsulation Market is currently valued at approximately USD 5.32 billion in 2024 and is poised to grow at a compelling compound annual growth rate (CAGR) of 8.00% during the forecast period 2025 to 2035. Solar encapsulation plays a critical role in protecting photovoltaic (PV) modules from environmental degradation while maintaining optical clarity and mechanical integrity. As solar power emerges as one of the fastest-growing renewable energy sources globally, the demand for advanced encapsulation materials is gaining unprecedented momentum. Governments’ relentless pursuit of net-zero emission goals, coupled with the declining cost of solar modules and rising consumer adoption, is fostering a ripe environment for solar encapsulation technologies to thrive.

The uptick in solar deployment—driven by global decarbonization commitments and surging utility-scale solar installations—is rapidly reshaping the energy landscape. Material innovations in encapsulation, such as polyolefin and thermoplastic polyurethanes (TPUs), are reshuffling the value chain by offering improved resistance against UV radiation, moisture, and delamination. Concurrently, technological advances in thin-film and crystalline silicon PV modules are widening the scope for encapsulation applications across varied environmental conditions. As solar panel lifespans continue to increase, the pressure on encapsulation materials to provide long-term protection without compromising performance is intensifying, making this segment pivotal to solar industry sustainability.

From a geographical standpoint, North America currently holds a dominant share in the solar encapsulation market, bolstered by robust government incentives, renewable energy mandates, and a mature solar infrastructure across the U.S. and Canada. Europe, on the other hand, is witnessing a solar resurgence in regions like Germany, France, and the Netherlands due to evolving energy security concerns and EU climate directives. However, Asia Pacific is projected to be the fastest-growing regional market through 2035, underpinned by aggressive solar capacity additions in China, India, and Southeast Asia. Rapid urbanization, supportive government policies, and rising investments in green infrastructure are serving as key growth accelerators for the region.

Major market players included in this report are:
• BASF SE
• DuPont de Nemours, Inc.
• Mitsui Chemicals, Inc.
• Hangzhou First Applied Material Co., Ltd.
• 3M Company
• STR Holdings, Inc.
• Bridgestone Corporation
• Folienwerk Wolfen GmbH
• Solutia Inc.
• RenewSys India Pvt. Ltd.
• Sveck Photovoltaic New Materials Co., Ltd.
• Saint-Gobain Performance Plastics
• TPI All Seasons Company Ltd.
• Targray Technology International Inc.
• SKC Co., Ltd.

Global Solar Encapsulation Market Report Scope:
• Historical Data – 2023, 2024
• Base Year for Estimation – 2024
• Forecast period – 2025–2035
• Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
• Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa

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

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

By Material:
• EVA
• PVB
• PDMS
• Ionomer
• TPU
• Polyolefin

By Technology:
• Crystalline Silicon
• Thin-film Solar

By Application:
• Ground-mounted
• Building-integrated Photovoltaic
• Floating Photovoltaic

By Region:

North America
• U.S.
• Canada

Europe
• UK
• Germany
• France
• Spain
• Italy
• Rest of Europe

Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• Rest of Asia Pacific

Latin America
• Brazil
• Mexico

Middle East & Africa
• UAE
• Saudi Arabia
• South Africa
• Rest of Middle East & Africa

Key Takeaways:
• Market Estimates & Forecast for 10 years from 2025 to 2035.
• Annualized revenues and regional level analysis for each market segment.
• Detailed analysis of geographical landscape with Country level analysis of major regions.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations on future market approach.
• Analysis of competitive structure of the market.
• Demand side and supply side analysis of the market.

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