The global solar encapsulation market is anticipated to grow at a significant CAGR of 4.9% during the forecast period. PV cells as mounted in PV modules are encapsulated with a polymeric material to protect against weather, corrosive environment, UV radiation, low mechanical stress, and low energy impacts. Constantly growing demand for solar energy and increasing installations of solar PVs across the globe with growing investment in improvement of infrastructure is expected to build potential market growth for solar encapsulation market. For instance according to Solar Energy Industries Association (SEIA), In 2019, The US Surpasses more than 2 million solar PV installations. According to Center for Climate and Energy Solutions Solar photovoltaics are the fastest growing electricity source. In 2020, around 139 GW of global capacity was added, bringing the total to about 760 GW and producing almost 3 percent of the world’s electricity.
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The ongoing COVID-19 pandemic had a significant impact on the global solar encapsulation market with the slowing of development and construction following the unprecedented lockdowns during the first quarter of 2020. Besides, the shortage of modules and cells and other ancillary products have also impacted market growth. The imposition of work restrictions placed by China in COVID-19 affected provinces, the majority of which are hubs of solar module manufacturers, too, have impacted the solar industry.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Solar Encapsulation Market by Application
- Construction
- Automobiles
- Electronics
- Others
Global Solar Encapsulation Market by Material
- Ethylene vinyl acetate (EVA)
- Polyvinyl butyral (PVB)
- Polydimethylsiloxane (PDMS)
- Ionomer
- Others (Thermoplastic Polyurethane (TPU) & Polyolefin)
Global Solar Encapsulation Market by Technology
- Single crystal/polycrystalline silicon technology
- Thin film solar technology
- Cadmium Telluride (CDTE)
- Copper Indium Gallium Selenide (CIGS)
- Amorphous Silicon (A-SI)
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- 3M
- Bridgestone Corp.
- Changzhou Betterial Film Technologies Co.,Ltd.
- Dai Nippon Printing Co., Ltd.
- Dow Chemical Company
- EEastman Chemical Company
- EVASA
- First Solar, Inc
- Jiangsu Sveck New Materials Co., Ltd
- jura-plast GmbH
- Kaneka Corp. oration
- Kuraray Europe GmbH
- LONGi Green Energy Technology Co., Ltd
- Lucent Energy Management
- Mitsubishi Chemical Corp. oration
- RenewSys India Pvt. Ltd.
- Saint-Gobain
- Shanghai HIUV New Materials Co., Ltd.
- SKC Inc.
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global solar encapsulation market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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