Solar Encapsulation Market Research Report - Global Forecast till 2030

Solar Encapsulation Market Research Report: Information By Technology (Thin-Film Solar Technology, Cadmium Telluride (CDTE), {Copper Indium Gallium Selenide (CIGS) and Amorphous Silicon (A-SI)} and Polycrystalline Silicon), Material (Ethylene Vinyl Acetate, Polydimethylsiloxane, Ionomers, Polyvinyl Butyral and Others {Thermoplastic Polyurethane (TPU) and Polyolefin}), End-Use (Automotive, Electronics, Construction and Others) and Region (North America, South America, Europe, Asia-Pacific and Middle East & Africa) - Forecast till 2030

ID: MRFR/E&P/8941-HCR | February 2021 | Region: Global | 185 pages

Solar Encapsulation Market Scenario


Solar Encapsulation Market is projected to be worth USD 11.37 billion by 2028, registering a CAGR of 14.5% during the forecast period (2021 - 2028)., The market was valued at USD 1.55 billion in 2021.


Solar encapsulation is a process where solar cell strings are encapsulated between two sheets of encapsulated foil. For commercial applications, solar cells require encapsulation with a low permeability barrier material toward atmosphere oxidizing agents, specifically water. Moreover, solar encapsulation is used in photovoltaic (PV) solar modules to provide adequate durability and protection against corrosion and delamination. Materials such as non-ethylene vinyl acetate, ethylene-vinyl acetate (EVA), and UV curable resins are used to laminate the solar cells and protect them from shocks and vibration.


The major factors driving the growth of the global solar encapsulation market are the increasing growing share of renewable energy sources and the cost reduction potential of solar PV. Moreover, economic encapsulation techniques are expected to contribute to the growth of the solar encapsulation market.


Key Players


The key players operating in the global solar encapsulation market are First Solar Gmbh, Mitsubishi Plastics Inc, Evasa, Cambiosolar, Dow Corning Corporation, Kuraray Europe Gmbh, Renewsys, Solutia Inc, E.I. Dupont De Nemours & Co., Specialized Technology Resources Inc, Sanvic Inc, and Hangzhou First Pv Material Co. Ltd.


Many major players such as Hangzhou First PV Material Co. Ltd. and Solutia (US) are actively focusing on signing contracts and agreements. For instance, in September 2020, Hangzhou expanded its solar encapsulation film production capacity by 25 GW. This expansion has helped the company strengthen its product portfolio. It aims to reduce its production cost and improve product delivery capabilities. Such developments in the market are expected to drive the growth of the global solar encapsulation market during the forecast period.    


The global solar encapsulation market has been segmented based on technology, material, and end use. Based on technology, the solar encapsulation market is divided into thin-film solar technology and polycrystalline silicon. The polycrystalline silicon segment is expected to hold the larger share in the global market during the forecast period as these solar cells are most used and deliver efficiencies in the range of 15–25%. By material, the global solar encapsulation market is classified into ethylene-vinyl acetate, polydimethylsiloxane, ionomers, polyvinyl butyral, and others. The ethylene vinyl acetate segment is expected to hold a larger market share as it has good radiation transmission and low degradability to sunlight.


Market Segmentation
Solar Encapsulation Market


Global Solar Encapsulation Market is anticipated to register high growth during the forecast period owing to the increasing share of renewable energy in the total energy mix. This is expected to drive the demand for solar encapsulation during the forecast period.


Based on region, the solar encapsulation market is segmented into Asia-Pacific, North America, Europe, the Middle East & Africa, and South America. Europe accounts for the largest share of the solar encapsulation market due to the rapid development and R&D investment in solar energy. Moreover, long-term contracts are offered to renewable energy producers proportionate to the cost of generation of each technology in the region. Additionally, the government policy is aimed to boost the growth of the solar encapsulation market in the region. Such factors are likely to drive the demand for solar encapsulation products in the region.


Intended Audience



  • Government and Research Organization

  • Consulting Companies in the Renewable Industry

  • Research Consultants

  • Investors and Shareholders



Report Scope:
Report Attribute/Metric Details
  Market Size

  • 2028: USD 11.37 billion
  • 2030 : Significant value
  •   CAGR   10.28% (2022-2030)
      Base Year   2021
      Forecast Period   2022 to 2030
      Historical Data   2019 & 2020
      Forecast Units   Value (USD Million)
      Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Segments Covered   Technology, Material, End-Use
      Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
      Key Vendors   First Solar Gmbh, Mitsubishi Plastics Inc, Evasa, Cambiosolar, Dow Corning Corporation, Kuraray Europe Gmbh, Renewsys, Solutia Inc, E.I. Dupont De Nemours & Co., Specialized Technology Resources Inc, Sanvic Inc, and Hangzhou First Pv Material Co. Ltd.
      Key Market Opportunities   New product launches and R&D Amongst major key Players
      Key Market Drivers   The Increasing growing share of renewable energy sources


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    Frequently Asked Questions (FAQ) :


    The global market is projected to reach USD 11.37 billion by 2028.

    The market is expected to grow at a CAGR of 10.28%

    The increasing share of renewable energy sources and the cost-cutting potential of solar PV are the primary factors driving the growth of the worldwide solar encapsulation market.

    Europe will hold the largest market share during the forecast period.

    Some of the prominent global solar encapsulation market players are First Solar Gmbh, Mitsubishi Plastics Inc, Evasa, Cambiosolar, Dow Corning Corporation, Kuraray Europe Gmbh, Renewsys, Solutia Inc, E.I. Dupont De Nemours & Co., Specialized Technology Resources Inc, Sanvic Inc, and Hangzhou First Pv Material Co. Ltd.