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

  • RnM4508958
    • |
  • 02 September, 2024
    • |
  • Global
    • |
  • 126 Pages
    • |
  • GIR (Global Info Research)
    • |
  • Chemical & Material

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.


1 Market Overview

  • 1.1 Product Overview and Scope
  • 1.2 Market Estimation Caveats and Base Year
  • 1.3 Market Analysis by Type
    • 1.3.1 Overview: Global Encapsulant Materials for PV Modules Consumption Value by Type: 2019 Versus 2023 Versus 2030
    • 1.3.2 EVA Film
    • 1.3.3 POE Film
    • 1.3.4 Others
  • 1.4 Market Analysis by Application
    • 1.4.1 Overview: Global Encapsulant Materials for PV Modules Consumption Value by Application: 2019 Versus 2023 Versus 2030
    • 1.4.2 Monofacial Module
    • 1.4.3 Bifacial Module
  • 1.5 Global Encapsulant Materials for PV Modules Market Size & Forecast
    • 1.5.1 Global Encapsulant Materials for PV Modules Consumption Value (2019 & 2023 & 2030)
    • 1.5.2 Global Encapsulant Materials for PV Modules Sales Quantity (2019-2030)
    • 1.5.3 Global Encapsulant Materials for PV Modules Average Price (2019-2030)

2 Manufacturers Profiles

  • 2.1 First
    • 2.1.1 First Details
    • 2.1.2 First Major Business
    • 2.1.3 First Encapsulant Materials for PV Modules Product and Services
    • 2.1.4 First Encapsulant Materials for PV Modules Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
    • 2.1.5 First Recent Developments/Updates
  • 2.2 Sveck
    • 2.2.1 Sveck Details
    • 2.2.2 Sveck Major Business
    • 2.2.3 Sveck Encapsulant Materials for PV Modules Product and Services
    • 2.2.4 Sveck Encapsulant Materials for PV Modules Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
    • 2.2.5 Sveck Recent Developments/Updates
  • 2.3 HIUV
    • 2.3.1 HIUV Details
    • 2.3.2 HIUV Major Business
    • 2.3.3 HIUV Encapsulant Materials for PV Modules Product and Services
    • 2.3.4 HIUV Encapsulant Materials for PV Modules Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
    • 2.3.5 HIUV Recent Developments/Updates
  • 2.4 Betterial
    • 2.4.1 Betterial Details
    • 2.4.2 Betterial Major Business
    • 2.4.3 Betterial Encapsulant Materials for PV Modules Product and Services
    • 2.4.4 Betterial Encapsulant Materials for PV Modules Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
    • 2.4.5 Betterial Recent Developments/Updates
  • 2.5 Tianyang
    • 2.5.1 Tianyang Details
    • 2.5.2 Tianyang Major Business
    • 2.5.3 Tianyang Encapsulant Materials for PV Modules Product and Services
    • 2.5.4 Tianyang Encapsulant Materials for PV Modules Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
    • 2.5.5 Tianyang Recent Developments/Updates
  • 2.6 STR Solar
    • 2.6.1 STR Solar Details
    • 2.6.2 STR Solar Major Business
    • 2.6.3 STR Solar Encapsulant Materials for PV Modules Product and Services
    • 2.6.4 STR Solar Encapsulant Materials for PV Modules Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
    • 2.6.5 STR Solar Recent Developments/Updates
  • 2.7 Lucent CleanEnergy
    • 2.7.1 Lucent CleanEnergy Details
    • 2.7.2 Lucent CleanEnergy Major Business
    • 2.7.3 Lucent CleanEnergy Encapsulant Materials for PV Modules Product and Services
    • 2.7.4 Lucent CleanEnergy Encapsulant Materials for PV Modules Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
    • 2.7.5 Lucent CleanEnergy Recent Developments/Updates
  • 2.8 Mitsui Chemicals
    • 2.8.1 Mitsui Chemicals Details
    • 2.8.2 Mitsui Chemicals Major Business
    • 2.8.3 Mitsui Chemicals Encapsulant Materials for PV Modules Product and Services
    • 2.8.4 Mitsui Chemicals Encapsulant Materials for PV Modules Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
    • 2.8.5 Mitsui Chemicals Recent Developments/Updates
  • 2.9 Vishakha Renewables
    • 2.9.1 Vishakha Renewables Details
    • 2.9.2 Vishakha Renewables Major Business
    • 2.9.3 Vishakha Renewables Encapsulant Materials for PV Modules Product and Services
    • 2.9.4 Vishakha Renewables Encapsulant Materials for PV Modules Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
    • 2.9.5 Vishakha Renewables Recent Developments/Updates
  • 2.10 RenewSys
    • 2.10.1 RenewSys Details
    • 2.10.2 RenewSys Major Business
    • 2.10.3 RenewSys Encapsulant Materials for PV Modules Product and Services
    • 2.10.4 RenewSys Encapsulant Materials for PV Modules Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
    • 2.10.5 RenewSys Recent Developments/Updates
  • 2.11 Cybrid Technologies
    • 2.11.1 Cybrid Technologies Details
    • 2.11.2 Cybrid Technologies Major Business
    • 2.11.3 Cybrid Technologies Encapsulant Materials for PV Modules Product and Services
    • 2.11.4 Cybrid Technologies Encapsulant Materials for PV Modules Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
    • 2.11.5 Cybrid Technologies Recent Developments/Updates
  • 2.12 TPI Polene
    • 2.12.1 TPI Polene Details
    • 2.12.2 TPI Polene Major Business
    • 2.12.3 TPI Polene Encapsulant Materials for PV Modules Product and Services
    • 2.12.4 TPI Polene Encapsulant Materials for PV Modules Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
    • 2.12.5 TPI Polene Recent Developments/Updates
  • 2.13 3M
    • 2.13.1 3M Details
    • 2.13.2 3M Major Business
    • 2.13.3 3M Encapsulant Materials for PV Modules Product and Services
    • 2.13.4 3M Encapsulant Materials for PV Modules Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
    • 2.13.5 3M Recent Developments/Updates
  • 2.14 Hanwha
    • 2.14.1 Hanwha Details
    • 2.14.2 Hanwha Major Business
    • 2.14.3 Hanwha Encapsulant Materials for PV Modules Product and Services
    • 2.14.4 Hanwha Encapsulant Materials for PV Modules Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
    • 2.14.5 Hanwha Recent Developments/Updates
  • 2.15 SSPC
    • 2.15.1 SSPC Details
    • 2.15.2 SSPC Major Business
    • 2.15.3 SSPC Encapsulant Materials for PV Modules Product and Services
    • 2.15.4 SSPC Encapsulant Materials for PV Modules Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
    • 2.15.5 SSPC Recent Developments/Updates
  • 2.16 LUSHAN
    • 2.16.1 LUSHAN Details
    • 2.16.2 LUSHAN Major Business
    • 2.16.3 LUSHAN Encapsulant Materials for PV Modules Product and Services
    • 2.16.4 LUSHAN Encapsulant Materials for PV Modules Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2019-2024)
    • 2.16.5 LUSHAN Recent Developments/Updates

3 Competitive Environment: Encapsulant Materials for PV Modules by Manufacturer

  • 3.1 Global Encapsulant Materials for PV Modules Sales Quantity by Manufacturer (2019-2024)
  • 3.2 Global Encapsulant Materials for PV Modules Revenue by Manufacturer (2019-2024)
  • 3.3 Global Encapsulant Materials for PV Modules Average Price by Manufacturer (2019-2024)
  • 3.4 Market Share Analysis (2023)
    • 3.4.1 Producer Shipments of Encapsulant Materials for PV Modules by Manufacturer Revenue ($MM) and Market Share (%): 2023
    • 3.4.2 Top 3 Encapsulant Materials for PV Modules Manufacturer Market Share in 2023
    • 3.4.3 Top 6 Encapsulant Materials for PV Modules Manufacturer Market Share in 2023
  • 3.5 Encapsulant Materials for PV Modules Market: Overall Company Footprint Analysis
    • 3.5.1 Encapsulant Materials for PV Modules Market: Region Footprint
    • 3.5.2 Encapsulant Materials for PV Modules Market: Company Product Type Footprint
    • 3.5.3 Encapsulant Materials for PV Modules Market: Company Product Application Footprint
  • 3.6 New Market Entrants and Barriers to Market Entry
  • 3.7 Mergers, Acquisition, Agreements, and Collaborations

4 Consumption Analysis by Region

  • 4.1 Global Encapsulant Materials for PV Modules Market Size by Region
    • 4.1.1 Global Encapsulant Materials for PV Modules Sales Quantity by Region (2019-2030)
    • 4.1.2 Global Encapsulant Materials for PV Modules Consumption Value by Region (2019-2030)
    • 4.1.3 Global Encapsulant Materials for PV Modules Average Price by Region (2019-2030)
  • 4.2 North America Encapsulant Materials for PV Modules Consumption Value (2019-2030)
  • 4.3 Europe Encapsulant Materials for PV Modules Consumption Value (2019-2030)
  • 4.4 Asia-Pacific Encapsulant Materials for PV Modules Consumption Value (2019-2030)
  • 4.5 South America Encapsulant Materials for PV Modules Consumption Value (2019-2030)
  • 4.6 Middle East & Africa Encapsulant Materials for PV Modules Consumption Value (2019-2030)

5 Market Segment by Type

  • 5.1 Global Encapsulant Materials for PV Modules Sales Quantity by Type (2019-2030)
  • 5.2 Global Encapsulant Materials for PV Modules Consumption Value by Type (2019-2030)
  • 5.3 Global Encapsulant Materials for PV Modules Average Price by Type (2019-2030)

6 Market Segment by Application

  • 6.1 Global Encapsulant Materials for PV Modules Sales Quantity by Application (2019-2030)
  • 6.2 Global Encapsulant Materials for PV Modules Consumption Value by Application (2019-2030)
  • 6.3 Global Encapsulant Materials for PV Modules Average Price by Application (2019-2030)

7 North America

  • 7.1 North America Encapsulant Materials for PV Modules Sales Quantity by Type (2019-2030)
  • 7.2 North America Encapsulant Materials for PV Modules Sales Quantity by Application (2019-2030)
  • 7.3 North America Encapsulant Materials for PV Modules Market Size by Country
    • 7.3.1 North America Encapsulant Materials for PV Modules Sales Quantity by Country (2019-2030)
    • 7.3.2 North America Encapsulant Materials for PV Modules Consumption Value by Country (2019-2030)
    • 7.3.3 United States Market Size and Forecast (2019-2030)
    • 7.3.4 Canada Market Size and Forecast (2019-2030)
    • 7.3.5 Mexico Market Size and Forecast (2019-2030)

8 Europe

  • 8.1 Europe Encapsulant Materials for PV Modules Sales Quantity by Type (2019-2030)
  • 8.2 Europe Encapsulant Materials for PV Modules Sales Quantity by Application (2019-2030)
  • 8.3 Europe Encapsulant Materials for PV Modules Market Size by Country
    • 8.3.1 Europe Encapsulant Materials for PV Modules Sales Quantity by Country (2019-2030)
    • 8.3.2 Europe Encapsulant Materials for PV Modules Consumption Value by Country (2019-2030)
    • 8.3.3 Germany Market Size and Forecast (2019-2030)
    • 8.3.4 France Market Size and Forecast (2019-2030)
    • 8.3.5 United Kingdom Market Size and Forecast (2019-2030)
    • 8.3.6 Russia Market Size and Forecast (2019-2030)
    • 8.3.7 Italy Market Size and Forecast (2019-2030)

9 Asia-Pacific

  • 9.1 Asia-Pacific Encapsulant Materials for PV Modules Sales Quantity by Type (2019-2030)
  • 9.2 Asia-Pacific Encapsulant Materials for PV Modules Sales Quantity by Application (2019-2030)
  • 9.3 Asia-Pacific Encapsulant Materials for PV Modules Market Size by Region
    • 9.3.1 Asia-Pacific Encapsulant Materials for PV Modules Sales Quantity by Region (2019-2030)
    • 9.3.2 Asia-Pacific Encapsulant Materials for PV Modules Consumption Value by Region (2019-2030)
    • 9.3.3 China Market Size and Forecast (2019-2030)
    • 9.3.4 Japan Market Size and Forecast (2019-2030)
    • 9.3.5 South Korea Market Size and Forecast (2019-2030)
    • 9.3.6 India Market Size and Forecast (2019-2030)
    • 9.3.7 Southeast Asia Market Size and Forecast (2019-2030)
    • 9.3.8 Australia Market Size and Forecast (2019-2030)

10 South America

  • 10.1 South America Encapsulant Materials for PV Modules Sales Quantity by Type (2019-2030)
  • 10.2 South America Encapsulant Materials for PV Modules Sales Quantity by Application (2019-2030)
  • 10.3 South America Encapsulant Materials for PV Modules Market Size by Country
    • 10.3.1 South America Encapsulant Materials for PV Modules Sales Quantity by Country (2019-2030)
    • 10.3.2 South America Encapsulant Materials for PV Modules Consumption Value by Country (2019-2030)
    • 10.3.3 Brazil Market Size and Forecast (2019-2030)
    • 10.3.4 Argentina Market Size and Forecast (2019-2030)

11 Middle East & Africa

  • 11.1 Middle East & Africa Encapsulant Materials for PV Modules Sales Quantity by Type (2019-2030)
  • 11.2 Middle East & Africa Encapsulant Materials for PV Modules Sales Quantity by Application (2019-2030)
  • 11.3 Middle East & Africa Encapsulant Materials for PV Modules Market Size by Country
    • 11.3.1 Middle East & Africa Encapsulant Materials for PV Modules Sales Quantity by Country (2019-2030)
    • 11.3.2 Middle East & Africa Encapsulant Materials for PV Modules Consumption Value by Country (2019-2030)
    • 11.3.3 Turkey Market Size and Forecast (2019-2030)
    • 11.3.4 Egypt Market Size and Forecast (2019-2030)
    • 11.3.5 Saudi Arabia Market Size and Forecast (2019-2030)
    • 11.3.6 South Africa Market Size and Forecast (2019-2030)

12 Market Dynamics

  • 12.1 Encapsulant Materials for PV Modules Market Drivers
  • 12.2 Encapsulant Materials for PV Modules Market Restraints
  • 12.3 Encapsulant Materials for PV Modules Trends Analysis
  • 12.4 Porters Five Forces Analysis
    • 12.4.1 Threat of New Entrants
    • 12.4.2 Bargaining Power of Suppliers
    • 12.4.3 Bargaining Power of Buyers
    • 12.4.4 Threat of Substitutes
    • 12.4.5 Competitive Rivalry

13 Raw Material and Industry Chain

  • 13.1 Raw Material of Encapsulant Materials for PV Modules and Key Manufacturers
  • 13.2 Manufacturing Costs Percentage of Encapsulant Materials for PV Modules
  • 13.3 Encapsulant Materials for PV Modules Production Process
  • 13.4 Industry Value Chain Analysis

14 Shipments by Distribution Channel

  • 14.1 Sales Channel
    • 14.1.1 Direct to End-User
    • 14.1.2 Distributors
  • 14.2 Encapsulant Materials for PV Modules Typical Distributors
  • 14.3 Encapsulant Materials for PV Modules Typical Customers

15 Research Findings and Conclusion

    16 Appendix

    • 16.1 Methodology
    • 16.2 Research Process and Data Source

    Summary:
    Get latest Market Research Reports on Encapsulant Materials for PV Modules. Industry analysis & Market Report on Encapsulant Materials for PV Modules is a syndicated market report, published as Global Encapsulant Materials for PV Modules Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030. It is complete Research Study and Industry Analysis of Encapsulant Materials for PV Modules market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.

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