Photovoltaic Films Market Set for Rapid Growth Analysis: Trends, Demand, Size, and Key Player Forecast 2030

The Photovoltaic Films market is gaining momentum as demand rises for lightweight, flexible, and cost-efficient solar solutions across buildings, vehicles, and portable electronics. Advancements in thin-film technologies, supportive renewable policies, and growing focus on energy-efficient infrastructure are expected to drive steady adoption, positioning photovoltaic films as a key enabler of next-generation solar energy systems.
The photovoltaic films market size is projected to grow from USD 14.05 billion in 2025 to USD 29.01 billion by 2030, registering a CAGR of 15.6% during the forecast period. The report provides key insights into current photovoltaics films market trends [https://www.marketsandmarkets.com/Market-Reports/photovoltaics-pv-films-market-147989535.html?utm_source=abnewswire.com&utm_medium=referral&utm_campaign=photovoltaicspvfilms], growth drivers, challenges, and opportunities shaping the market landscape. The market for photovoltaic films is expanding, driven primarily by emerging technologies, such as Tunnel Oxide Passivated Contact (TOPCon) and Heterojunction Technology (HJT), that need encapsulation designed specifically for them to be successful. TOPCon and HJT cells have steadily improving efficiencies and energy conversion rates over existing silicon-based cells, making them the most widely implemented technologies in the solar industry. They are, however, more susceptible to environmental conditions that require advanced encapsulation films with improved UV protection, thermal stability, and electrical insulation. HJT cells, which have crystalline silicon combined with hybrid amorphous silicon layers, are an example of the necessity of films to mitigate potential-induced degradation (PID).

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PVB films based is anticipated to be the largest segment in photovoltaics films market, by raw material, in terms of value, during the forecast period

PVB films account for the largest share of the photovoltaic films market. The preferred choice for encapsulation films is likely a result of its excellent physical and chemical properties, and compatibility with new PV (photovoltaic) technology. PVB was first developed for laminated safety glass use in the automotive and construction industries. The films have some prized benefits, such as superior adhesion to glass, high optical clarity, and stronger protection from UV and moisture from extreme environmental conditions in regions, such as the Middle East & Africa, with high heat, sand, and UV exposure. Furthermore, PVB provides structural support by enhancing the mechanical strength and impact resistance of the panel assembly, helping protect it from damage during transportation, installation, or exposure to adverse weather conditions. Much of the damage can lead to loss of efficiency and even shorten the product life of the solar panel. However, with new advances in bifacial and building integrated photovoltaics (BIPV) that use glass-glass module combinations, demand is expected to grow for encapsulation materials like PVB.

Ground is projected to be the largest segment in the photovoltaics films market, by application, during the forecast period

Ground solar applications constitute the largest share in the application segment of the global market for photovoltaic films because the geography, infrastructure, and economy in many regions support the deployment of large-scale solar energy. Globally, semi-arid and arid land areas with low vegetation cover and minimal land-use conflicts make them suitable for utility-scale solar installations. Ground-mounted photovoltaic (PV) systems and installations, particularly utility-scale solar farms, are heavily reliant on films since large quantities of encapsulation films are necessary to protect solar panels and enhance the durability and service life of solar panels that are subjected to harsh climate, energy, extreme UV radiation exposures, high temperatures, sand storms and high humidity conditions in coastal zones. Ground systems also provide optimal utilization of PV to achieve maximum energy yield with maximum power point tracking, coupled with ideal orientation/solar tracking, which is increasingly significant in areas experiencing rapid urbanization and industrialization.

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Asia Pacific is expected to be the largest region in the photovoltaics films market, during the forecast period

Asia Pacific accounts for the largest share of the photovoltaic films market, owing to its strong manufacturing industries and rapidly developed solar energy sector. China, India, Japan, and South Korea continue to be leaders in deploying solar energy, with an active push to promote the use of renewable energy by the government. China is home to many of the global leaders in solar panel manufacturing, which creates great demand for encapsulation films that enclose and protect the solar cells and meet module efficiencies. Asia Pacific has local producers of encapsulation materials and a geographically well-established supply chain that enables producers to get high-quality, inexpensive substrate material. Thus, the region has heavily invested in energy security and promotes energy sustainability, which has led to considerable utility-scale solar development and rooftop installations. Encouraging policies like subsidies and long-term solar install targets also spur momentum. Moreover, skilled labor and access to raw materials provide a competitive advantage in the supply of photovoltaic films.

Photovoltaics Films Companies [https://www.marketsandmarkets.com/ResearchInsight/photovoltaics-pv-films-companies.asp?utm_source=abnewswire.com&utm_medium=referral&utm_campaign=photovoltaicspvfilms]

To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the photovoltaics films market such as H.B. Fuller Company (US), 3M (US), Kuraray Co., Ltd (Japan), JA SOLAR Technology Co., Ltd. (China), Borealis AG (Austria)., Jiangsu Sveck Photovoltaic New Material Co., Ltd (China), HANGZHOU FIRST APPLIED MATERIAL CO.,LTD. (China), Shanghai HIUV New Materials Co.,Ltd. (China), Guangzhou Lushan New Materials Co., Ltd. (China), Betterial (China), Mitsui Chemicals, Inc. (Japan), Hanwha Group (South Korea), Zhejiang Sinopont Technology Co.,Ltd. (China), and Cybrid Technologies Inc. (China).

Hanwha Group, founded in 1952, is a diversified conglomerate and the seventh-largest business enterprise in South Korea. The Group operates through a balanced portfolio that includes various sectors: Aerospace & Mechatronics, Clean Energy & Ocean Solutions, Finance, and Retail & Services. The Clean Energy & Ocean Solutions segment encompasses various subsidiaries such as Hanwha Solutions, Hanwha Ocean, Hanwha Energy, Hanwha Impact, Hanwha Power Systems, Hanwha TotalEnergies Petrochemical, Hanwha Engine, and Hanwha Advanced Materials. The Group manufactures PV encapsulant EVA sheets through Hanwha Advanced Materials.

3M, established in 1902, is a diversified technology and manufacturing company headquartered in Minnesota, US. 3M's business portfolio comprises three distinct segments: Safety and Industrial, Transportation and Electronics, and Consumer. The company manufactures PV films under its Safety and Industrial division. 3M's Safety and Industrial division encompasses a wide range of products designed to enhance safety and efficiency across various industrial applications. This division includes offerings such as industrial abrasives and finishing solutions for metalworking, electrical products and materials for construction and maintenance, power distribution and electrical original equipment, structural adhesives and tapes, as well as natural and color-coated mineral granules used in roofing shingles.

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HANGZHOU FIRST APPLIED MATERIAL CO., LTD. is a leading Chinese company founded in 2003, specializing in the research, development, production, and distribution of photovoltaic packaging materials. The company offers a broad product portfolio that includes PV materials, PCB/FPC, electronic components, and hot-melt web. In the PV materials segment, it produces ethylene/vinyl acetate (EVA) films, polyolefin (PO) films, and backsheets specifically designed for photovoltaic modules. Notably, its Solar EVA Film holds over 50% of the global market share, forming strong partnerships with many well-known PV companies and greatly impacting the PV films market.

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