Solar Encapsulation for Construction Market to Record Exponential Growth at a CAGR of 8.6% During 2023 - 2029 | 3M Company, STR Holding Inc., Dupont De Nemours Inc

LOS ANGELES, United States: According to QYResearch's new survey, global Solar Encapsulation for Construction market is projected to reach US$ 3226.4 million in 2029, increasing from US$ 1823 million in 2022, with the CAGR of 8.6% during the period of 2023 to 2029. Influencing issues, such as economy environments, COVID-19 and Russia-Ukraine War, have led to great market fluctuations in the past few years and are considered comprehensively in the whole Solar Encapsulation for Construction market research. For instance, the market dynamics section digs deep into the drivers, restraints, trends, and opportunities of the global Solar Encapsulation for Construction market. With qualitative and quantitative analysis, we help you with thorough and comprehensive research on the global Solar Encapsulation for Construction market. We have also focused on SWOT, PESTLE, and Porter's Five Forces analyses of the global Solar Encapsulation for Construction market.

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The solar PV Encapsulant is a critical component of a solar module. It is a polymer that is formulated to allow as much sunlight to pass through to the solar PV Cells as possible while blocking harmful UV radiations

Increase in government tariffs coupled with increasing demand for solar energy and rooftop photovoltaic installations in developing economies is the major driving factor for the global solar packaging market. Moreover, rapid expansion of solar product R&D activities and rising demand for solar lamps are likely to create ample opportunities for the solar packaging market.

In a world increasingly focused on sustainable energy solutions, solar power has emerged as a key player in the transition towards cleaner and more environmentally friendly alternatives. As the global demand for renewable energy sources continues to rise, the solar encapsulation market for construction is gaining significant momentum. This market research report delves into the intricacies of solar encapsulation within the construction industry, exploring its current landscape, potential growth prospects, technological advancements, and its role in shaping the future of sustainable energy integration.

Leading players of the global Solar Encapsulation for Construction market are analyzed taking into account their market share, recent developments, new product launches, partnerships, mergers or acquisitions, and markets served. We also provide an exhaustive analysis of their product portfolios to explore the products and applications they concentrate on when operating in the global Solar Encapsulation for Construction market. Furthermore, the report offers two separate market forecasts - one for the production side and another for the consumption side of the global Solar Encapsulation for Construction market. It also provides useful recommendations for new as well as established players of the global Solar Encapsulation for Construction market.

Key Players Mentioned in the Global Solar Encapsulation for Construction Market Research Report: -

3M Company
AKCOME
STR Holding Inc.
Bridgestone Corporation
DNP solar
Dow
Dupont De Nemours Inc
First Solar
Hangzhou First PV Material
JGP Energy

Key Factors Driving Market Growth -

Rising Environmental Awareness: Growing concerns about climate change and environmental degradation are prompting governments, businesses, and individuals to seek sustainable energy alternatives. Solar encapsulation aligns with these goals by providing a reliable and renewable energy source.

Decreasing Solar Panel Costs: The decreasing costs of solar panels have made them more accessible, driving demand for solar energy solutions in the construction sector.

Stringent Energy Efficiency Regulations: Governments around the world are implementing stringent energy efficiency regulations and standards for buildings. Solar encapsulation helps meet these requirements by improving a building's overall energy performance.

Technological Advancements: Ongoing research and development in encapsulation materials and techniques are driving innovation, resulting in more efficient and durable solar panels.

Technological Advancements in Solar Encapsulation -

The success of solar encapsulation in construction largely depends on the materials used and the methods employed. Traditional methods involved the use of ethylene-vinyl acetate (EVA) or polyvinyl butyral (PVB) sheets, which served as encapsulation layers. However, advancements in materials science have introduced newer and more effective options.

Backsheet Materials: Innovations in backsheet materials have led to increased durability and protection against UV radiation, moisture, and temperature fluctuations. This helps extend the lifespan of solar panels and ensures consistent performance.

Encapsulation Films: Encapsulation films made from materials like ionomers and thermoplastic polyurethane (TPU) offer enhanced flexibility, impact resistance, and transparency, making them suitable for integration into various architectural designs.

Bifacial Solar Panels: Bifacial solar panels, which can capture sunlight from both sides, require specialized encapsulation to protect the backside from environmental factors. Encapsulation methods for these panels have evolved to ensure optimum efficiency.

Smart Encapsulation: Incorporating sensors and monitoring systems within encapsulation layers allows for real-time performance tracking and maintenance, enhancing the overall efficiency and reliability of solar panels.

Future Prospects and Challenges

The future of solar encapsulation for construction is promising, with a projected increase in demand driven by a global shift towards renewable energy sources. As technological advancements continue to drive innovation, solar panels are likely to become more efficient, durable, and aesthetically pleasing, making them an integral part of architectural designs.

However, challenges persist, such as the need to develop encapsulation materials that are both cost-effective and highly efficient. Additionally, the integration of solar panels into the existing infrastructure and building codes requires careful consideration to ensure seamless implementation.

Global Solar Encapsulation for Construction Market Segment: -

Our market analysts are experts in deeply segmenting the global Solar Encapsulation for Construction market and thoroughly evaluating the growth potential of each and every segment studied in the report. Right at the beginning of the research study, the segments are compared on the basis of consumption and growth rate for a review period of nine years. The segmentation study included in the report offers a brilliant analysis of the global Solar Encapsulation for Construction market, taking into consideration the market potential of different segments studied. It assists market participants to focus on high-growth areas of the global Solar Encapsulation for Construction market and plan powerful business tactics to secure a position of strength in the industry.

Segment by Type
Ethylene Vinyl Acetate
Non-ethylene Vinyl Acetate
UV Curable Resin
Others

Segment by Application
Commercial Building
Residential

By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA

Solar Encapsulation for Construction market research studies is incomplete without regional analysis, and we are well aware of it. That is why; the report includes a comprehensive and all-inclusive study that solely concentrates on the geographical growth of the global Solar Encapsulation for Construction market. The study also includes accurate estimations about market growth at the global, regional, and country levels. It empowers you to understand why some regional markets are flourishing while others are seeing a decline in growth. It also allows you to focus on geographies that hold the potential to create lucrative prospects in the near future.

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Table of Content

1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Solar Encapsulation for Construction Market Size Growth Rate by Type: 2018 VS 2022 VS 2029
1.2.2 Ethylene Vinyl Acetate
1.2.3 Non-ethylene Vinyl Acetate
1.2.4 UV Curable Resin
1.2.5 Others
1.3 Market by Application
1.3.1 Global Solar Encapsulation for Construction Market Growth by Application: 2018 VS 2022 VS 2029
1.3.2 Commercial Building
1.3.3 Residential
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered

2 Global Growth Trends
2.1 Global Solar Encapsulation for Construction Market Perspective (2018-2029)
2.2 Solar Encapsulation for Construction Growth Trends by Region
2.2.1 Global Solar Encapsulation for Construction Market Size by Region: 2018 VS 2022 VS 2029
2.2.2 Solar Encapsulation for Construction Historic Market Size by Region (2018-2023)
2.2.3 Solar Encapsulation for Construction Forecasted Market Size by Region (2024-2029)
2.3 Solar Encapsulation for Construction Market Dynamics
2.3.1 Solar Encapsulation for Construction Industry Trends
2.3.2 Solar Encapsulation for Construction Market Drivers
2.3.3 Solar Encapsulation for Construction Market Challenges
2.3.4 Solar Encapsulation for Construction Market Restraints

3 Competition Landscape by Key Players
3.1 Global Top Solar Encapsulation for Construction Players by Revenue
3.1.1 Global Top Solar Encapsulation for Construction Players by Revenue (2018-2023)
3.1.2 Global Solar Encapsulation for Construction Revenue Market Share by Players (2018-2023)
3.2 Global Solar Encapsulation for Construction Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Solar Encapsulation for Construction Revenue
3.4 Global Solar Encapsulation for Construction Market Concentration Ratio
3.4.1 Global Solar Encapsulation for Construction Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Solar Encapsulation for Construction Revenue in 2022
3.5 Solar Encapsulation for Construction Key Players Head office and Area Served
3.6 Key Players Solar Encapsulation for Construction Product Solution and Service
3.7 Date of Enter into Solar Encapsulation for Construction Market
3.8 Mergers & Acquisitions, Expansion Plans

4 Solar Encapsulation for Construction Breakdown Data by Type
4.1 Global Solar Encapsulation for Construction Historic Market Size by Type (2018-2023)
4.2 Global Solar Encapsulation for Construction Forecasted Market Size by Type (2024-2029)

5 Solar Encapsulation for Construction Breakdown Data by Application
5.1 Global Solar Encapsulation for Construction Historic Market Size by Application (2018-2023)
5.2 Global Solar Encapsulation for Construction Forecasted Market Size by Application (2024-2029)

6 North America
6.1 North America Solar Encapsulation for Construction Market Size (2018-2029)
6.2 North America Solar Encapsulation for Construction Market Growth Rate by Country: 2018 VS 2022 VS 2029
6.3 North America Solar Encapsulation for Construction Market Size by Country (2018-2023)
6.4 North America Solar Encapsulation for Construction Market Size by Country (2024-2029)
6.5 United States
6.6 Canada

7 Europe
7.1 Europe Solar Encapsulation for Construction Market Size (2018-2029)
7.2 Europe Solar Encapsulation for Construction Market Growth Rate by Country: 2018 VS 2022 VS 2029
7.3 Europe Solar Encapsulation for Construction Market Size by Country (2018-2023)
7.4 Europe Solar Encapsulation for Construction Market Size by Country (2024-2029)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries

8 Asia-Pacific
8.1 Asia-Pacific Solar Encapsulation for Construction Market Size (2018-2029)
8.2 Asia-Pacific Solar Encapsulation for Construction Market Growth Rate by Region: 2018 VS 2022 VS 2029
8.3 Asia-Pacific Solar Encapsulation for Construction Market Size by Region (2018-2023)
8.4 Asia-Pacific Solar Encapsulation for Construction Market Size by Region (2024-2029)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia

9 Latin America
9.1 Latin America Solar Encapsulation for Construction Market Size (2018-2029)
9.2 Latin America Solar Encapsulation for Construction Market Growth Rate by Country: 2018 VS 2022 VS 2029
9.3 Latin America Solar Encapsulation for Construction Market Size by Country (2018-2023)
9.4 Latin America Solar Encapsulation for Construction Market Size by Country (2024-2029)
9.5 Mexico
9.6 Brazil

10 Middle East & Africa
10.1 Middle East & Africa Solar Encapsulation for Construction Market Size (2018-2029)
10.2 Middle East & Africa Solar Encapsulation for Construction Market Growth Rate by Country: 2018 VS 2022 VS 2029
10.3 Middle East & Africa Solar Encapsulation for Construction Market Size by Country (2018-2023)
10.4 Middle East & Africa Solar Encapsulation for Construction Market Size by Country (2024-2029)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE

11 Key Players Profiles
11.1 3M Company
11.1.1 3M Company Company Detail
11.1.2 3M Company Business Overview
11.1.3 3M Company Solar Encapsulation for Construction Introduction
11.1.4 3M Company Revenue in Solar Encapsulation for Construction Business (2018-2023)
11.1.5 3M Company Recent Development
11.2 AKCOME
11.2.1 AKCOME Company Detail
11.2.2 AKCOME Business Overview
11.2.3 AKCOME Solar Encapsulation for Construction Introduction
11.2.4 AKCOME Revenue in Solar Encapsulation for Construction Business (2018-2023)
11.2.5 AKCOME Recent Development
11.3 STR Holding Inc.
11.3.1 STR Holding Inc. Company Detail
11.3.2 STR Holding Inc. Business Overview
11.3.3 STR Holding Inc. Solar Encapsulation for Construction Introduction
11.3.4 STR Holding Inc. Revenue in Solar Encapsulation for Construction Business (2018-2023)
11.3.5 STR Holding Inc. Recent Development
11.4 Bridgestone Corporation
11.4.1 Bridgestone Corporation Company Detail
11.4.2 Bridgestone Corporation Business Overview
11.4.3 Bridgestone Corporation Solar Encapsulation for Construction Introduction
11.4.4 Bridgestone Corporation Revenue in Solar Encapsulation for Construction Business (2018-2023)
11.4.5 Bridgestone Corporation Recent Development
11.5 DNP solar
11.5.1 DNP solar Company Detail
11.5.2 DNP solar Business Overview
11.5.3 DNP solar Solar Encapsulation for Construction Introduction
11.5.4 DNP solar Revenue in Solar Encapsulation for Construction Business (2018-2023)
11.5.5 DNP solar Recent Development
11.6 Dow
11.6.1 Dow Company Detail
11.6.2 Dow Business Overview
11.6.3 Dow Solar Encapsulation for Construction Introduction
11.6.4 Dow Revenue in Solar Encapsulation for Construction Business (2018-2023)
11.6.5 Dow Recent Development
11.7 Dupont De Nemours Inc
11.7.1 Dupont De Nemours Inc Company Detail
11.7.2 Dupont De Nemours Inc Business Overview
11.7.3 Dupont De Nemours Inc Solar Encapsulation for Construction Introduction
11.7.4 Dupont De Nemours Inc Revenue in Solar Encapsulation for Construction Business (2018-2023)
11.7.5 Dupont De Nemours Inc Recent Development
11.8 First Solar
11.8.1 First Solar Company Detail
11.8.2 First Solar Business Overview
11.8.3 First Solar Solar Encapsulation for Construction Introduction
11.8.4 First Solar Revenue in Solar Encapsulation for Construction Business (2018-2023)
11.8.5 First Solar Recent Development
11.9 Hangzhou First PV Material
11.9.1 Hangzhou First PV Material Company Detail
11.9.2 Hangzhou First PV Material Business Overview
11.9.3 Hangzhou First PV Material Solar Encapsulation for Construction Introduction
11.9.4 Hangzhou First PV Material Revenue in Solar Encapsulation for Construction Business (2018-2023)
11.9.5 Hangzhou First PV Material Recent Development
11.10 JGP Energy
11.10.1 JGP Energy Company Detail
11.10.2 JGP Energy Business Overview
11.10.3 JGP Energy Solar Encapsulation for Construction Introduction
11.10.4 JGP Energy Revenue in Solar Encapsulation for Construction Business (2018-2023)
11.10.5 JGP Energy Recent Development

12 Analyst's Viewpoints/Conclusions

13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details

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