Press release
Solar Encapsulation Market to Reach US$ 2.0 Billion by 2031 - Says Stratview Research
Stratview Research
Stratview Research, a global market research firm, has launched a report on the global market, which provides a comprehensive outlook of the global and regional industry forecast, current & emerging market trends, segment analysis, competitive landscape, & more. This report examines detailed segmentation across material type, technology type, application type, and regional markets, offering strategic insights for manufacturers, suppliers, OEMs, and investors seeking to understand performance dynamics and growth opportunities in encapsulation materials for PV modules. It highlights competitive positioning, supply chain factors, and country level assessments that shape investment and development strategies.
Request a free sample report: https://www.stratviewresearch.com/Request-Sample/4321/solar-encapsulation-market.html
Market Statistics
• Market size (2024): US$ 1.8 Billion
• Forecast value (2031): US$ 2.0 Billion
• CAGR (2024-2031): 1.9%
• Forecast period: 2024-2031
• Base year: 2024
• Total number of segments: 4
• Tables & figures: 100+
• Country Level Market Assessment: 20
Market Segmentation
By Material Type
• Ethylene Vinyl Acetate
• Polyvinyl Butyral
• Thermoplastic Polyurethane
• Polyolefin Elastomer
• Other Material Types
By Technology Type
• Crystalline Silicon Solar Technology
• Thin Film Solar Technology
By Application Type
• Utility Scale Solar
• Residential Solar
• Commercial & Industrial (C&I) Solar
By Region
• North America
• Europe
• Asia Pacific
• Rest of the World
Ethylene Vinyl Acetate is the dominant material type in the solar encapsulation market due to its balanced performance-offering strong optical transmittance, reliable adhesion, and cost advantages that align with large volume production needs of crystalline silicon PV modules, sustaining demand among module manufacturers focused on cost effective performance. Materials like POE and TPU show potential in niche applications requiring superior moisture barriers, but EVA's entrenched supply chain presence maintains its leadership and cost advantage.
Crystalline Silicon Solar Technology is both the dominant and fastest growing technology segment, driven by its established market share in PV installations worldwide, high conversion efficiency, and broad integration with existing manufacturing ecosystems. Its structural prevalence ensures continued demand for encapsulation materials tailored to c Si modules, reinforcing OEMs' focus on material compatibility and processing efficiencies that support high throughput production.
Utility Scale Solar represents the dominant application type as large solar farms require vast quantities of encapsulation materials to protect extensive arrays of PV modules installed in variable outdoor conditions; the scale of these projects anchors market demand and influences material procurement strategies for suppliers aiming at volume contracts across utility projects.
Regional Insights
Asia Pacific dominates the solar encapsulation market, driven by massive solar PV deployment and the presence of large module manufacturing bases in China, India, Japan, and South Korea. Strong government support, lower manufacturing costs, and rapid renewable capacity expansion create sustained demand for encapsulation materials, making the region a strategic focus for suppliers and OEMs seeking to leverage scale and integrated supply chains.
Market Drivers
• Expanded global solar PV installations boost demand for encapsulation materials, as more modules require reliable protection to ensure long service life.
• Government renewable energy policies and clean energy mandates drive large scale solar deployments, increasing encapsulant volume requirements.
• Technological advances in PV modules, including bifacial and high efficiency designs, raise performance expectations for encapsulants.
• Competitive manufacturing and lower production costs in Asia Pacific attract OEM investments, sustaining high regional encapsulation demand.
• Strategic joint ventures and acquisitions in encapsulation supply chains enhance material availability and innovation.
Top Companies in the Market
• Targray Technology International Inc.
• Kuraray Europe GmbH
• 3M Renewable Energy
• ACC Silicones
• Akcome Film & Applied New Material
• Aeonian Photovoltaic
• Arkema
• Brij Encapsulants
• C.I. Kasei Company
FAQs
1. What is the current size of the solar encapsulation market?
The solar encapsulation market was valued at approximately US$ 1.8 billion in 2024, reflecting the demand for protective materials in PV module production.
2. When will the solar encapsulation market reach US$ 2.0 billion?
The market is projected to reach US$ 2.0 billion by 2031, supported by steady global solar PV deployment.
3. Which material type leads the solar encapsulation market?
Ethylene Vinyl Acetate leads due to its widespread use, cost effectiveness, and optical performance in solar module encapsulation.
4. What application segment consumes the most encapsulation materials?
Utility scale solar projects consume the most encapsulation materials because of the large volume of PV modules installed in these facilities.
5. Why does Asia Pacific dominate the solar encapsulation market?
Asia Pacific dominates due to significant solar PV installation growth, robust manufacturing capabilities, supportive policies, and high regional renewable energy investment.
Related Links:
Moisture Curing Adhesives Market : https://www.ganjingworld.com/news/1i3es8gn1lm2GxvAhdyPlDNtK15i1c/moisture-curing-adhesives-market-strengthening-bonds-for-a-sustainable-future
Reticulated Foam Market : https://payrchat.com/blogs/35630/chemicalmaterialsfoammarketglobal
Electric Light Commercial Vehicle Market : https://logcla.com/blogs/1151703/Electric-Light-Commercial-Vehicle-Market-Trends-Shaping-Sustainable-Transportation
Oilfield Stimulation Chemicals Market : https://velog.io/@lianaf66/Technological-Advancements-Fueling-the-Oilfield-Stimulation-Chemicals-Market
Polyarylsulfone Market : https://scrapbox.io/researchnews04/Global_Polyarylsulfone_Market_Size,_Applications,_and_Forecast_to_2032
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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.
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