Global Encapsulant Materials for PV Modules Market Research Report 2023

The global Encapsulant Materials for PV Modules market was valued at US$ 2808.8 million in 2022 and is anticipated to reach US$ 6798.9 million by 2029, witnessing a CAGR of 13.3% during the forecast period 2023-2029.

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Encapsulant Materials for PV Modules Market

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 influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

Global key players of Encapsulant Materials for PV Modules include First, Sveck, HIUV, Bbetter, Hanwha and Mitsui Chemicals, etc. Top five players occupy for a share about 84%. China is the largest market, with a share about 81%, followed by North America and Japan. In terms of product, EVA Film is the largest segment, with a share over 73%. In terms of application, Monofacial Module is the largest market, with a share over 50%.

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Segment by Type
EVA Film
POE Film
Other

Segment by Application
Monofacial Module
Bifacial Module

SIMILAR REPORT

https://reports.valuates.com/market-reports/QYRE-Auto-35Y13982/global-solar-cell-metal-paste

https://reports.valuates.com/market-reports/QYRE-Auto-6A11838/global-photovoltaic-metal-paste

https://reports.valuates.com/market-reports/QYRE-Auto-19H13518/global-poe-based-encapsulant-films

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