Global encapsulant material for pv module market is anticipated to grow at a considerable CAGR of 8.1% during the forecast period (2024-2031).As the energy crisis approaches and oil prices fluctuate, off-grid solar solutions offer an alternative for storing green energy. The development of the off-grid solar business is essential to achieving the Sustainable Development Goal (SDG7), which calls for universal access to affordable, dependable, sustainable, and modern energy by 2030 which is a goal as 840 million people still lack access to electricity. The increasing need for solar energy from small and medium-sized businesses (SMEs) and the expansion of government initiatives are driving the adoption of off-grid technology. The demand for solar panels is predicted to expand in response to the development in off-grid solar equipment, and encapsulation is a crucial stage in the solar panel construction process. Furthermore, during the course of the forecast period, the market for solar encapsulation is anticipated to increase in tandem with the increasing global adoption of off-grid solar equipment.
Browse the full report description of “Encapsulant Material for PV Module Market Size, Share & Trends Analysis Report by Material Type (Ethylene Vinyl Acetate (EVA), Polyvinyl Butyral (PVB), Polyolefins (PO), Silicones, Ethylene Ionomers and Others (Ionomer, Thermoplastic Polyurethane (TPU), Polydimethylsiloxane (PDMS))),by End-use (Commercial, Industrial and Residential), and by Application (Monoficial PV Module and Bifacial PV Module)Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/encapsulant-material-for-pv-module-market
Market Coverage
• The market number available for – 2023-2031
• Base year- 2023
• Forecast period- 2024-2031
• Segment Covered-
o By Material Type
o By End-use
o By Application
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- includesExpafol SLU, Brentwood Private Equity, LLC, Exxon Mobil, Dow Chemical Company, LyondellBasell Industries N.V. and Celanese Corp.,among others.
Key questions addressed by the report.
Global Encapsulant Material for PV Module Market Report Segment
By Material Type
By End-use
By Application
Global Encapsulant Material for PV Module Market Report Segment by Region
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
• Latin America
• Middle East & Africa
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