Solar Encapsulation Market Size is Expected To Reach US$ 4,845.3 Million by 2027, Rising at Industry Growth of 14.40% CAGR

IMARC Group has recently released a new research study titled "Solar Encapsulation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", the global solar encapsulation market reached a value of US$ 2,030.3 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 4,845.3 Million by 2027 exhibiting a CAGR of 14.40% during 2022-2027.

Solar encapsulation refers to the method of protecting panels from corrosion and changing weather conditions. It comprises various materials, such as ethylene vinyl acetate (EVA), non-ethylene vinyl acetate, and (UV) curable resin, that are corrosion resistant, flame retardant, and hard-wearing. It can enhance the performance, durability, efficiency, shelf life, and cost-effectiveness of PV modules. It assists in ensuring the safer operation of solar PV modules and benefits consumers by saving money on maintenance. As a result, solar encapsulation finds applications in the construction, electronics, and automotive industries across the globe.

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Solar Encapsulation Market Trends and Drivers:

At present, the rising demand for solar encapsulation due to the rising awareness among the masses about renewable energy sources represents one of the key factors supporting the growth of the market. Besides this, the growing demand for solar encapsulation due to the increasing adoption of solar PV modules across the globe is offering a positive market outlook.

Apart from this, the rising demand for environmentally sustainable solutions is offering lucrative growth opportunities to industry investors. Moreover, the increasing development of low-cost encapsulant materials, such as cadmium telluride, amorphous silicon cells, thermoplastic polyurethane (TPU), and polyvinyl butyral (PVB), is propelling the growth of the market.

Furthermore, governing agencies of various countries are encouraging the adoption of solar technology, which is strengthening the market growth.

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Key Market Segmentation:

Global Solar Encapsulation Market 2022-2027 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:
• 3M Company
• Bridgestone Corporation
• dnpSolar
• Dow Inc.
• Dupont De Nemours Inc.
• Eastman Chemical Company
• First Solar Inc.
• Kuraray Co. Ltd.
• Mitsubishi Chemical Holdings Corporation
• Mitsui Chemicals Inc.
• RenewSys India Pvt. Ltd.
• STR Holdings Inc.

The report has segmented the market on the basis of region, material, technology and application.

Breakup by Material:
• Ethylene Vinyl Acetate
• Non-Ethylene Vinyl Acetate
• UV Curable Resins

Breakup by Technology:
• Single-crystal/Polycrystalline Silicon Solar Technology
• Thin-film Solar Technology
o Cadmium Telluride (CdTe)
o Copper Indium Gallium Selenide (CIGS)
o Amorphous Silicon (a-Si)

Breakup by Application:
• Construction
• Electronics
• Automotive
• Others

Breakup by Region:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

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Key highlights of the report:
• Market Performance (2016-2021)
• Market Outlook (2022- 2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

TOC for the Report:
• Preface
• Scope and Methodology
• Executive Summary
• Introduction
• Global Market
• SWOT Analysis
• Value Chain Analysis
• Price Analysis
• Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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