Photovoltaic Film Resin (EVA/POE) Market Share Driven by Rising Solar Module Efficiency and Advanced Encapsulation Materials | Valuates Reports

Photovoltaic Film Resin (EVA/POE) Market
In the photovoltaic field, EVA and POE have their own advantages and disadvantages. EVA has a lower price, is easy to process, has a long storage life, has a fast cross-linking speed, and has good adhesion to glass and backplane; POE's advantages mainly lie in its good material properties, excellent anti-PID performance, high resistivity, high water vapor barrier rate, and resistance to low temperature and yellowing.
The global Photovoltaic Film Resin (EVA/POE) market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of %during the forecast period 2024-2030.

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The Photovoltaic Film Resin (EVA/POE) Market is expanding as solar manufacturers prioritize high-performance encapsulation materials to improve module durability, efficiency, and long-term reliability. Market trends indicate strong demand for advanced polymer technologies that enhance optical properties, weather resistance, and electrical insulation. As solar installations grow across residential, commercial, and utility-scale projects, the market size continues to benefit from increasing module production and evolving material innovations that support overall market growth.

POE particles hold a significant share of the market due to their superior moisture resistance, improved mechanical properties, and suitability for high-performance modules, especially in regions with elevated temperatures or humidity. EVA particles remain widely used across standard photovoltaic modules because of their proven processing ease and balanced cost-to-performance ratio. Both material types contribute to a diverse demand structure, supporting consistent momentum across the type segments.

The application landscape is dominated by single-sided photovoltaic modules, which account for most of the global module production and installation activity. However, double-sided photovoltaic modules are experiencing rapid market growth as manufacturers and developers adopt bifacial technologies to increase energy yield and improve lifecycle power generation. The expanding adoption of double-sided modules reinforces the need for higher-performance encapsulation resins that can support enhanced light transmission and weather endurance.

Leading companies shaping the market share include Borealis, Sumitomo Chemical, Formosa Plastic Group, Hanwha Group, USI Corp, LG Chem, ExxonMobil Chemical, Levima, Shenghong, Rongsheng Petrochemical, Jiangsu Eastern Shenghong, Liaoning Dingjide Petrochemical, Sinopec, Wanhua Chemical, Satellite Chemical, and Shandong Chambroad Petrochemicals. These companies strengthen the competitive landscape through advancements in resin formulations, large-scale production capabilities, and strong supply networks that support the rapidly expanding global solar manufacturing ecosystem.

Regionally, Asia-Pacific dominates the market, with China, Japan, South Korea, and Taiwan driving large-scale production and consumption due to extensive solar manufacturing capacity and strong renewable energy adoption. North America and Europe continue to show steady market growth supported by favorable policy frameworks, technological upgrades, and increasing solar deployment. Emerging regions such as Southeast Asia, Latin America, and developing markets in the Middle East & Africa contribute additional momentum as solar infrastructure expands. The overall market forecast remains positive, backed by innovation in encapsulation materials, growing investment in solar energy, and continuous advancements in high-efficiency photovoltaic technologies.

by Type

• POE Particles
• EVA Particles

by Application

• Single-sided Photovoltaic Modules
• Double-sided Photovoltaic Modules

By Company

Borealis, Sumitomo Chemical, Formosa Plastic Group, Hanwha Group, USI Corp, LG Chem, ExxonMobil Chemical, Levima, Shenghong, Rongsheng Petrochemical, Jiangsu Eastern Shenghong, Liaoning Dingjide Petrochemical, Sinopec, Wanhua Chemical, Satellite Chemical, Shandong Chambroad Petrochemicals

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