Press release
Solar Encapsulant Market Global Demand Analysis, Projected Growth, Trends and Opportunities For Hangzhou First Applied Material Co. Ltd, STR Holdings, Inc, Saint-Gobain, ISOVOLTAIC AG, Eastman Chemical Company, Bridgestone Corporation, Mitsui Chemicals In
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On the basis of material, the solar encapsulant market is categorized into ethylene vinyl acetate (EVA), polyvinyl butyral (PVB), polyolefin elastomer, and others. Other materials include thermoplastic polyurethane (TPU), polydimethylsiloxane (PDMS), and ionomers. During the forecast period, the market is expected to witness the highest growth in terms of volume in the PVB material type.
R&D in the solar cell technology has resulted in the development of third-generation PVs that have the potential to overcome current efficiency and performance limits. Increasing focus of manufacturers on R&D to improve the efficiency and durability of solar cells and their materials is expected to contribute to the growth of the solar encapsulant market and provide lucrative growth opportunities to the emerging players.
APAC is expected to continue being the largest and fastest-growing solar encapsulant market in the coming years. In recent years, the region has witnessed a significant increase in the number of solar cell production units because of the shift of module manufacturers from Europe to China. Price inflation in solar products in Europe has resulted in the movement of many domestic players to APAC for production, which has further led to the growth of the APAC solar encapsulant market.
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Some of the major players operating in the global solar encapsulant market are Hangzhou First Applied Material Co. Ltd., Changzhou Sveck Technology Co. Ltd. (Sveck), RenewSys India Pvt. Ltd. (RIPL), STR Holdings Inc., and Encapsulantes de Valor Añadido S.A. (EVASA), E.I. du Pont de Nemours and Company, Jiangsu Akcome Science & Technology Co. Ltd., Saint-Gobain S.A., ISOVOLTAIC AG, Eastman Chemical Company, Bridgestone Corporation, Mitsui Chemicals Inc., and 3M Company.
GLOBAL SOLAR ENCAPSULANT MARKET SEGMENTATION
By Material
Ethylene vinyl acetate (EVA)
Polyvinyl butyral (PVB)
Polyolefin elastomer
Others (TPU, ionomers, and PDMS)
By Technology
Crystalline silicon solar technology
Thin-film solar technology
Cadmium telluride (CdTe)
Copper indium gallium selenide (CIGS)
Amorphous silicon (a-Si)
By Application
Construction
Automotive
Electronics
Others (aerospace and defense)
By Region
North America
U.S.
Canada
Europe
Germany
U.K.
France
Italy
Spain
Rest of Europe
Asia-Pacific (APAC)
China
India
Japan
Australia
South Korea
Rest of APAC
Latin America (LATAM)
Brazil
Mexico
Rest of LATAM
Middle-East and Africa (MEA)
Saudi Arabia
South Africa
Rest of MEA
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Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.
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