Photovoltaic POE Film Market Share Driven by Advancements in High-Efficiency Bifacial Solar Modules | Valuates Reports

Photovoltaic POE Film Market Size
The global market for Photovoltaic POE Film was valued at US$ 2463 million in the year 2024 and is projected to reach a revised size of US$ 4436 million by 2031, growing at a CAGR of 8.9% during the forecast period.

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The Photovoltaic POE Film Market is gaining strong momentum as solar manufacturers shift toward high-efficiency module technologies that require superior encapsulation materials. Market trends show increasing adoption of POE films due to their excellent moisture resistance, long-term durability, and enhanced electrical insulation, all of which support the growing demand for high-performance bifacial modules. As global solar deployments rise and technology innovation accelerates, the market size continues to expand, driven by the need for reliable, weather-resistant encapsulation solutions that boost overall market growth.

Cross-linked POE film holds a prominent market share because of its strong thermal stability, improved mechanical strength, and suitability for advanced module designs. Thermoplastic POE film is gaining traction for its simplified processing, recyclability, and consistency in high-speed manufacturing environments. Co-extruded POE film supports additional structural optimization and is increasingly recognized across specialized applications. The diversity of these type segments strengthens the market's adaptability to evolving photovoltaic production requirements.

In the application landscape, P-type bifacial modules contribute significantly to overall consumption, driven by their established use in large-scale solar installations. N-type bifacial modules, however, are witnessing the fastest market growth as the industry shifts toward next-generation technologies that deliver higher conversion efficiency, better low-light performance, and longer operational lifespan. Both segments underline the growing importance of high-performance encapsulation materials in maintaining module reliability under diverse environmental conditions.

Key companies shaping the global market share include First, Cybrid, Sveck, HIUV, Crown, Sinopont, Hanwha, Betterial, Lifecome, Vishakha, Lushan, Mitsui Chemicals, Yisheng, RenewSys, and H.B. Fuller. These manufacturers continue to advance POE film technology through improved polymer formulations, expanded production capacity, and strong integration with module manufacturers. Their technical capabilities and supply chain strength help support the increasing demand for high-efficiency solar modules worldwide.

Asia-Pacific remains the dominant consumption region, particularly driven by China, Japan, South Korea, and Taiwan-all of which maintain extensive solar manufacturing ecosystems. North America and Europe continue to demonstrate solid market growth supported by renewable energy expansion, policy support, and rising adoption of bifacial technology. Emerging markets such as Southeast Asia, India, Latin America, and the Middle East & Africa also contribute meaningfully as solar infrastructure accelerates. Looking ahead, the market forecast points toward sustained growth supported by innovation in POE film formulations, greater deployment of bifacial modules, and ongoing advancements in photovoltaic manufacturing.

by Type

• Cross-linked POE Film
• Thermoplastic POE Film
• Co-extruded POE Film

by Application

• P-type Bifacial Module
• N-type Bifacial Module

By Company

First, Cybrid, Sveck, HIUV, Crown, Sinopont, Hanwha, Betterial, Lifecome, Vishakha, Lushan, Mitsui Chemicals, Yisheng, RenewSys, H.B. Fuller

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