Global Encapsulant Materials for PV Modules Supply, Demand and Key Producers, 2026-2032
Description
The global Encapsulant Materials for PV Modules market size is expected to reach $ 11160 million by 2032, rising at a market growth of 7.1% CAGR during the forecast period (2026-2032).
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.
Market Overview
The global market for encapsulant materials for PV modules is projected to grow steadily in the coming years. This growth is driven by the increasing demand for solar energy, which is fueled by concerns over climate change, fossil fuel depletion, and the need for renewable energy sources.
Encapsulant materials play a crucial role in photovoltaic (PV) modules, serving as the protective layer that safeguards solar cells from environmental factors while ensuring optimal light transmission and electrical performance. The market for PV module encapsulants has witnessed significant growth in recent years, driven by multiple factors, yet it also faces several challenges that could impact its future development.
The primary driver behind the growth of the PV module encapsulant materials market is the rapid expansion of the global solar energy industry. With the increasing urgency to transition towards renewable energy sources to combat climate change, countries worldwide are setting ambitious targets for solar power generation. For instance, many nations have committed to achieving net - zero emissions by mid - century, and solar energy is expected to be a major contributor to this goal.
Another significant driver is the continuous improvement in the performance requirements of PV modules. As the solar energy industry matures, there is an increasing focus on enhancing the efficiency and lifespan of PV systems. High - quality encapsulants contribute to this by maintaining excellent optical clarity over time, minimizing light reflection, and preventing the degradation of solar cells.
However, the PV module encapsulant materials market also faces several challenges. One of the major challenges is the complex and demanding environmental requirements. PV modules are exposed to a wide range of environmental conditions, including extreme temperatures, humidity, and UV radiation. Encapsulants must be able to withstand these harsh conditions for extended periods without yellowing, cracking, or losing their adhesive properties. Developing encapsulants that can meet these long - term environmental durability standards requires significant research and development efforts. Additionally, changes in climate patterns, such as more intense heatwaves and higher humidity levels in some regions, pose new challenges for encapsulant materials, as they need to adapt to these evolving environmental conditions.
Competition from alternative materials is another significant challenge. As the demand for PV modules grows, researchers are constantly exploring alternative encapsulation solutions. For example, new types of polymers, composites, and even self - healing materials are being investigated as potential substitutes for traditional encapsulants. These alternative materials may offer advantages such as lower cost, better performance in specific environments, or enhanced recyclability. The emergence of these alternatives puts pressure on traditional encapsulant manufacturers to innovate and differentiate their products to maintain their market share.
In conclusion, while the market for encapsulant materials for PV modules is driven by the growth of the solar energy industry, performance - enhancement needs, and cost - effectiveness, it must overcome challenges related to environmental durability, competition from alternatives, and supply chain disruptions. Continued innovation, strategic partnerships, and efficient supply chain management will be crucial for the industry to thrive in the face of these challenges and support the ongoing expansion of the global solar energy sector.
This report studies the global Encapsulant Materials for PV Modules production, demand, key manufacturers, and key regions.
This report is a detailed and comprehensive analysis of the world market for Encapsulant Materials for PV Modules and provides market size (US$ million) and Year-over-Year (YoY) Growth, considering 2025 as the base year. This report explores demand trends and competition, as well as details the characteristics of Encapsulant Materials for PV Modules that contribute to its increasing demand across many markets.
Highlights and key features of the study
Global Encapsulant Materials for PV Modules total production and demand, 2021-2032, (M Sqm)
Global Encapsulant Materials for PV Modules total production value, 2021-2032, (USD Million)
Global Encapsulant Materials for PV Modules production by region & country, production, value, CAGR, 2021-2032, (USD Million) & (M Sqm), (based on production site)
Global Encapsulant Materials for PV Modules consumption by region & country, CAGR, 2021-2032 & (M Sqm)
U.S. VS China: Encapsulant Materials for PV Modules domestic production, consumption, key domestic manufacturers and share
Global Encapsulant Materials for PV Modules production by manufacturer, production, price, value and market share 2021-2026, (USD Million) & (M Sqm)
Global Encapsulant Materials for PV Modules production by Type, production, value, CAGR, 2021-2032, (USD Million) & (M Sqm)
Global Encapsulant Materials for PV Modules production by Application, production, value, CAGR, 2021-2032, (USD Million) & (M Sqm)
This report profiles key players in the global Encapsulant Materials for PV Modules market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include First, Betterial, Sveck, HIUV, Sinopont, Cybrid, Lushan, Hanwha, Tianyang, Crown Material, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World Encapsulant Materials for PV Modules market
Detailed Segmentation:
Each section contains quantitative market data including market by value (US$ Millions), volume (production, consumption) & (M Sqm) and average price (US$/Sqm) by manufacturer, by Type, and by Application. Data is given for the years 2021-2032 by year with 2025 as the base year, 2026 as the estimate year, and 2027-2032 as the forecast year.
Global Encapsulant Materials for PV Modules Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World
Global Encapsulant Materials for PV Modules Market, Segmentation by Type:
Transparent EVA Film
White EVA Film
POE Film
EPE Film
Other
Global Encapsulant Materials for PV Modules Market, Segmentation by Application:
Single-glass Module
Double-glass Module
Companies Profiled:
First
Betterial
Sveck
HIUV
Sinopont
Cybrid
Lushan
Hanwha
Tianyang
Crown Material
Lifecome
RenewSys
Vishakha
Exciton Technology
TPI All Seasons
Yisheng
Mitsui Chemicals
Lucent CleanEnergy
H.B. Fuller
Key Questions Answered:
1. How big is the global Encapsulant Materials for PV Modules market?
2. What is the demand of the global Encapsulant Materials for PV Modules market?
3. What is the year over year growth of the global Encapsulant Materials for PV Modules market?
4. What is the production and production value of the global Encapsulant Materials for PV Modules market?
5. Who are the key producers in the global Encapsulant Materials for PV Modules market?
6. What are the growth factors driving the market demand?
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.
Market Overview
The global market for encapsulant materials for PV modules is projected to grow steadily in the coming years. This growth is driven by the increasing demand for solar energy, which is fueled by concerns over climate change, fossil fuel depletion, and the need for renewable energy sources.
Encapsulant materials play a crucial role in photovoltaic (PV) modules, serving as the protective layer that safeguards solar cells from environmental factors while ensuring optimal light transmission and electrical performance. The market for PV module encapsulants has witnessed significant growth in recent years, driven by multiple factors, yet it also faces several challenges that could impact its future development.
The primary driver behind the growth of the PV module encapsulant materials market is the rapid expansion of the global solar energy industry. With the increasing urgency to transition towards renewable energy sources to combat climate change, countries worldwide are setting ambitious targets for solar power generation. For instance, many nations have committed to achieving net - zero emissions by mid - century, and solar energy is expected to be a major contributor to this goal.
Another significant driver is the continuous improvement in the performance requirements of PV modules. As the solar energy industry matures, there is an increasing focus on enhancing the efficiency and lifespan of PV systems. High - quality encapsulants contribute to this by maintaining excellent optical clarity over time, minimizing light reflection, and preventing the degradation of solar cells.
However, the PV module encapsulant materials market also faces several challenges. One of the major challenges is the complex and demanding environmental requirements. PV modules are exposed to a wide range of environmental conditions, including extreme temperatures, humidity, and UV radiation. Encapsulants must be able to withstand these harsh conditions for extended periods without yellowing, cracking, or losing their adhesive properties. Developing encapsulants that can meet these long - term environmental durability standards requires significant research and development efforts. Additionally, changes in climate patterns, such as more intense heatwaves and higher humidity levels in some regions, pose new challenges for encapsulant materials, as they need to adapt to these evolving environmental conditions.
Competition from alternative materials is another significant challenge. As the demand for PV modules grows, researchers are constantly exploring alternative encapsulation solutions. For example, new types of polymers, composites, and even self - healing materials are being investigated as potential substitutes for traditional encapsulants. These alternative materials may offer advantages such as lower cost, better performance in specific environments, or enhanced recyclability. The emergence of these alternatives puts pressure on traditional encapsulant manufacturers to innovate and differentiate their products to maintain their market share.
In conclusion, while the market for encapsulant materials for PV modules is driven by the growth of the solar energy industry, performance - enhancement needs, and cost - effectiveness, it must overcome challenges related to environmental durability, competition from alternatives, and supply chain disruptions. Continued innovation, strategic partnerships, and efficient supply chain management will be crucial for the industry to thrive in the face of these challenges and support the ongoing expansion of the global solar energy sector.
This report studies the global Encapsulant Materials for PV Modules production, demand, key manufacturers, and key regions.
This report is a detailed and comprehensive analysis of the world market for Encapsulant Materials for PV Modules and provides market size (US$ million) and Year-over-Year (YoY) Growth, considering 2025 as the base year. This report explores demand trends and competition, as well as details the characteristics of Encapsulant Materials for PV Modules that contribute to its increasing demand across many markets.
Highlights and key features of the study
Global Encapsulant Materials for PV Modules total production and demand, 2021-2032, (M Sqm)
Global Encapsulant Materials for PV Modules total production value, 2021-2032, (USD Million)
Global Encapsulant Materials for PV Modules production by region & country, production, value, CAGR, 2021-2032, (USD Million) & (M Sqm), (based on production site)
Global Encapsulant Materials for PV Modules consumption by region & country, CAGR, 2021-2032 & (M Sqm)
U.S. VS China: Encapsulant Materials for PV Modules domestic production, consumption, key domestic manufacturers and share
Global Encapsulant Materials for PV Modules production by manufacturer, production, price, value and market share 2021-2026, (USD Million) & (M Sqm)
Global Encapsulant Materials for PV Modules production by Type, production, value, CAGR, 2021-2032, (USD Million) & (M Sqm)
Global Encapsulant Materials for PV Modules production by Application, production, value, CAGR, 2021-2032, (USD Million) & (M Sqm)
This report profiles key players in the global Encapsulant Materials for PV Modules market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include First, Betterial, Sveck, HIUV, Sinopont, Cybrid, Lushan, Hanwha, Tianyang, Crown Material, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World Encapsulant Materials for PV Modules market
Detailed Segmentation:
Each section contains quantitative market data including market by value (US$ Millions), volume (production, consumption) & (M Sqm) and average price (US$/Sqm) by manufacturer, by Type, and by Application. Data is given for the years 2021-2032 by year with 2025 as the base year, 2026 as the estimate year, and 2027-2032 as the forecast year.
Global Encapsulant Materials for PV Modules Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World
Global Encapsulant Materials for PV Modules Market, Segmentation by Type:
Transparent EVA Film
White EVA Film
POE Film
EPE Film
Other
Global Encapsulant Materials for PV Modules Market, Segmentation by Application:
Single-glass Module
Double-glass Module
Companies Profiled:
First
Betterial
Sveck
HIUV
Sinopont
Cybrid
Lushan
Hanwha
Tianyang
Crown Material
Lifecome
RenewSys
Vishakha
Exciton Technology
TPI All Seasons
Yisheng
Mitsui Chemicals
Lucent CleanEnergy
H.B. Fuller
Key Questions Answered:
1. How big is the global Encapsulant Materials for PV Modules market?
2. What is the demand of the global Encapsulant Materials for PV Modules market?
3. What is the year over year growth of the global Encapsulant Materials for PV Modules market?
4. What is the production and production value of the global Encapsulant Materials for PV Modules market?
5. Who are the key producers in the global Encapsulant Materials for PV Modules market?
6. What are the growth factors driving the market demand?
Table of Contents
147 Pages
- 1 Supply Summary
- 2 Demand Summary
- 3 World Manufacturers Competitive Analysis
- 4 United States VS China VS Rest of the World
- 5 Market Analysis by Type
- 6 Market Analysis by Application
- 7 Company Profiles
- 8 Industry Chain Analysis
- 9 Research Findings and Conclusion
- 10 Appendix
Pricing
Currency Rates
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