Solar Encapsulation Market
Global Solar Encapsulation Market Size, Share & Trends Analysis Report, By Application (Construction, Automobiles, Electronics and Others), By Material (Ethylene vinyl acetate (EVA), Polyvinyl butyral (PVB), Polydimethylsiloxane (PDMS), Ionomer and Others (Thermoplastic Polyurethane (TPU) & Polyolefin)), and by Technology (Single crystal/polycrystalline silicon technology and Thin film solar technology (Cadmium Telluride (CDTE), Copper Indium Gallium Selenide (CIGS), Amorphous Silicon (A-SI)), Forecast (2021-2027) Update Available - Forecast 2024-2030
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.
Impact of COVID-19 Pandemic on Global Solar Encapsulation Market
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.
The COVID-19 pandemic has severely impacted the global solar encapsulation market due to slowing of development and construction during the 2020 lockdown. India is heavily dependent on Chinese imports and due to shortage of modules and cells and other ancillary products the developers have faced insufficiency of raw materials which has impacted installations. For instance, according to a publication by The Printers (Mysore) Pvt Ltd. Chinese companies meet as much as 80% of the demand for solar cells and modules Hence, the imposition of work limitations by China in eight COVID-19 -affected provinces, most of which are center of solar module manufacturers, impacted the Indian solar industry.
Segmental Outlook
The global solar encapsulation market is segmented based on the application, material, and technology. Based on the application, the market is segmented into construction, automobiles, electronics and others. Based on the material, the market is sub-segmented into the ethylene vinyl acetate (EVA), polyvinyl butyral (PVB), polydimethylsiloxane (PDMS), ionomer and others (thermoplastic polyurethane (TPU) & polyolefin). Based on the technology, the market is sub-segmented into the single crystal/polycrystalline silicon technology and thin film solar technology, the thin film solar technology is further segmented into CDTE, CIGS, A-SI. The above mentioned segments can be customized as per the requirements.
Global Solar Encapsulation Market Share by Material, 2020 (%)
The Ethylene Vinyl Acetate Segment Holds The Major Share In The Global Solar Encapsulation Market
The ethylene vinyl acetate segment is expected to hold a prominent market share as it is a thermoplastic polymer with good radiation transmission, and low degradability to sunlight. For instance, in 2021, The University of Melbourne and RMIT University have partnered with the Melbourne-based company OJAS to develop an ‘upcycling’ facility which will reclaim valuable materials from PV modules including clean glass, silicon cells and polymers. They are also looking at the processing of ethylene vinyl acetate (EVA).
Regional Outlooks
The global solar encapsulation market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East &Africa, and Latin America). The market can be analyzed for particular region or country level as per the requirement.
Global Solar Encapsulation Market Growth, By Region 2021-2027
The Asia-Pacific Region Holds the Major Share in the Global Solar Encapsulation Market
Emerging economies such as China is expected to account for prominent share in the global solar encapsulation market due to china’s increasing demand for EVA (ethylene-vinyl acetate copolymers) polymer lead by the shift from hydrocarbon based energy production to renewable energy. For instance, On December 03, 2021, Burckhardt Compression has signed a contract with Jiangsu Hongjing New Material Company Ltd. to prepare three production lines for EVA (ethylene-vinyl acetate copolymers) and LDPE (low-density polyethylene) at a petrochemical plant in china, which will eventually produce 600 kilotons per year of EVA and LDPE.
Market Players Outlook
The major companies serving the global Solar Encapsulation market include DuPont de Nemours, Inc, Hangzhou First Applied Material Co.,Ltd, Jiangsu Akcome Science & Technology Co., Ltd., Mitsui & Co. (U.S.A.), Inc., Specialized Technology Resources, Inc. and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in 2020, RenewSys India has announced an increase in the manufacturing capacity of its Encapsulant (EVA & POE) lines to 3 GW (from its current 1.65 GW). Similarly, the Backsheet capacity is being expanded to 4 GW (from the existing 3 GW).
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.
1. GLOBAL SOLAR ENCAPSULATION MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
2. GLOBAL SOLAR ENCAPSULATION IN CONSTRUCTION MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
3. GLOBAL SOLAR ENCAPSULATION IN AUTOMOBILES MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
4. GLOBAL SOLAR ENCAPSULATION IN ELECTRONICS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
5. GLOBAL SOLAR ENCAPSULATION FOR OTHERS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
6. GLOBAL SOLAR ENCAPSULATION MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2020-2027 ($ MILLION)
7. GLOBAL ETHYLENE VINYL ACETATE (EVA) IN SOLAR ENCAPSULATION MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
8. GLOBAL POLYVINYL BUTYRAL (PVB)IN SOLAR ENCAPSULATION MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
9. GLOBAL POLYDIMETHYLSILOXANE (PDMS) IN SOLAR ENCAPSULATION MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
10. GLOBAL IONOMER IN SOLAR ENCAPSULATION MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
11. GLOBAL OTHERS (THERMOPLASTIC POLYURETHANE (TPU) & POLYOLEFIN) IN SOLAR ENCAPSULATION MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
12. GLOBAL SOLAR ENCAPSULATION MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2020-2027 ($ MILLION)
13. GLOBAL SOLAR ENCAPSULATION BY SINGLE CRYSTAL/POLYCRYSTALLINE SILICON TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
14. GLOBAL SOLAR ENCAPSULATION BY THIN FILM SOLAR TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
15. GLOBAL THIN FILM SOLAR TECHNOLOGY IN CADMIUM TELLURIDE (CDTE) MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
16. GLOBAL THIN FILM SOLAR TECHNOLOGY IN COPPER INDIUM GALLIUM SELENIDE (CIGS) MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
17. GLOBAL THIN FILM SOLAR TECHNOLOGY IN AMORPHOUS SILICON (A-SI) MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
18. GLOBAL SOLAR ENCAPSULATION MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2020-2027 ($ MILLION)
19. NORTH AMERICAN SOLAR ENCAPSULATION MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
20. NORTH AMERICAN SOLAR ENCAPSULATION MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
21. NORTH AMERICAN SOLAR ENCAPSULATION MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2020-2027 ($ MILLION)
22. NORTH AMERICAN SOLAR ENCAPSULATION MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2020-2027 ($ MILLION)
23. EUROPEAN SOLAR ENCAPSULATION MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
24. EUROPEAN SOLAR ENCAPSULATION MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
25. EUROPEAN SOLAR ENCAPSULATION MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2020-2027 ($ MILLION)
26. EUROPEAN SOLAR ENCAPSULATION MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2020-2027 ($ MILLION)
27. ASIA-PACIFIC SOLAR ENCAPSULATION MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
28. ASIA-PACIFIC SOLAR ENCAPSULATION MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
29. ASIA-PACIFIC SOLAR ENCAPSULATION MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2020-2027 ($ MILLION)
30. ASIA-PACIFIC SOLAR ENCAPSULATION MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2020-2027 ($ MILLION)
31. REST OF THE WORLD SOLAR ENCAPSULATION MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
32. REST OF THE WORLD SOLAR ENCAPSULATION MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
33. REST OF THE WORLD SOLAR ENCAPSULATION MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2020-2027 ($ MILLION)
34. REST OF THE WORLD SOLAR ENCAPSULATION MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2020-2027 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL SOLAR ENCAPSULATION MARKET, 2020-2027 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL SOLAR ENCAPSULATION MARKET BY SEGMENT, 2020-2027 ($ MILLION)
3. RECOVERY OF GLOBAL SOLAR ENCAPSULATION MARKET, 2021-2027 (%)
4. GLOBAL SOLAR ENCAPSULATION MARKET SHARE BY APPLICATION, 2020 VS 2027 (%)
5. GLOBAL SOLAR ENCAPSULATION IN CONSTRUCTION MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
6. GLOBAL SOLAR ENCAPSULATION IN AUTOMOBILES MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
7. GLOBAL SOLAR ENCAPSULATION IN ELECTRONICS MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
8. GLOBAL OTHERS MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
9. GLOBAL SOLAR ENCAPSULATION MARKET SHARE BY MATERIAL, 2020 VS 2027 (%)
10. GLOBAL ETHYLENE VINYL ACETATE (EVA) IN SOLAR ENCAPSULATION MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
11. GLOBAL POLYVINYL BUTYRAL (PVB) IN SOLAR ENCAPSULATION MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
12. GLOBAL POLYDIMETHYLSILOXANE (PDMS)IN SOLAR ENCAPSULATION MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
13. GLOBAL IONOMER IN SOLAR ENCAPSULATION MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
14. GLOBAL OTHERS (THERMOPLASTIC POLYURETHANE (TPU) & POLYOLEFIN) IN SOLAR ENCAPSULATION MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
15. GLOBAL SOLAR ENCAPSULATION MARKET SHARE BY TECHNOLOGY, 2020 VS 2027 (%)
16. GLOBAL SOLAR ENCAPSULATION BY SINGLE CRYSTAL/POLYCRYSTALLINE SILICON TECHNOLOGY MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
17. GLOBAL SOLAR ENCAPSULATION BY THIN FILM SOLAR TECHNOLOGY MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
18. GLOBAL THIN FILM SOLAR TECHNOLOGY IN CADMIUM TELLURIDE (CDTE) MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
19. GLOBAL THIN FILM SOLAR TECHNOLOGY IN COPPER INDIUM GALLIUM SELENIDE (CIGS) MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
20. GLOBAL SOLAR ENCAPSULATION MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
21. US SOLAR ENCAPSULATION MARKET SIZE, 2020-2027 ($ MILLION)
22. CANADA SOLAR ENCAPSULATION MARKET SIZE, 2020-2027 ($ MILLION)
23. UK SOLAR ENCAPSULATION MARKET SIZE, 2020-2027 ($ MILLION)
24. FRANCE SOLAR ENCAPSULATION MARKET SIZE, 2020-2027 ($ MILLION)
25. GERMANY SOLAR ENCAPSULATION MARKET SIZE, 2020-2027 ($ MILLION)
26. ITALY SOLAR ENCAPSULATION MARKET SIZE, 2020-2027 ($ MILLION)
27. SPAIN SOLAR ENCAPSULATION MARKET SIZE, 2020-2027 ($ MILLION)
28. REST OF EUROPE SOLAR ENCAPSULATION MARKET SIZE, 2020-2027 ($ MILLION)
29. INDIA SOLAR ENCAPSULATION MARKET SIZE, 2020-2027 ($ MILLION)
30. CHINA SOLAR ENCAPSULATION MARKET SIZE, 2020-2027 ($ MILLION)
31. JAPAN SOLAR ENCAPSULATION MARKET SIZE, 2020-2027 ($ MILLION)
32. SOUTH KOREA SOLAR ENCAPSULATION MARKET SIZE, 2020-2027 ($ MILLION)
33. REST OF ASIA-PACIFIC SOLAR ENCAPSULATION MARKET SIZE, 2020-2027 ($ MILLION)
34. REST OF THE WORLD SOLAR ENCAPSULATION MARKET SIZE, 2020-2027 ($ MILLION)
