The latest research study “Solar Encapsulation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global solar encapsulation market size reached a value of US$ 2,030.3 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 4,845.3 Million by 2027 exhibiting a CAGR of 14.40% during 2022-2027.
Solar encapsulation is a specialized process that involves encapsulating photovoltaic (PV) cells using a polymeric material, such as Ethylene-Vinyl Acetate (EVA) film. It provides protection to solar equipment and panels against degradation owing to various environmental factors and aids in improving the durability, efficiency, and cost-effectiveness of PV modules. Solar encapsulation also enhances the life of solar cells, mitigates stability issues, and prevents damage from corrosion, ultraviolet (UV) radiation, low mechanical stress, and temperature changes. Consequently, it finds extensive application across the construction, electronic, and automotive sectors.
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Important Attribute and highlights of the Report:
- Detailed analysis of the global market share
- Market Segmentation
- Historical, current, and projected size of the market in terms of volume and value
- Latest industry trends and developments
- Competitive Landscape
- Strategies of major players and product offerings
Solar Encapsulation Market Trends and Drivers:
The increasing adoption of solar panels and the expanding demand for electricity across countries are primarily driving the solar encapsulation market. Additionally, the growing shift towards renewable sources of energy, on account of the depleting fossil fuel levels and environmental concerns, is further augmenting the market growth.
Along with this, the rising private and public investments aimed at modernizing the existing energy infrastructure are further catalyzing the global market. Apart from this, the development of cost-effective encapsulant materials, including amorphous silicon cells and cadmium telluride, and the inflating requirement for non-EVA-based encapsulations, such as Thermoplastic Polyurethane (TPU) and Polyvinyl Butyral (PVB), are acting as significant growth inducing factors.
Moreover, the escalating need to reduce the carbon footprint of the energy sector and the elevating adoption of solar panels for power generation are anticipated to stimulate the solar encapsulation market over the forecasted period.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Key Market Segmentation:
Global Solar Encapsulation Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- 3M Company
- Bridgestone Corporation
- dnpSolar
- Dow Inc.
- Dupont De Nemours Inc.
- Eastman Chemical Company
- First Solar Inc.
- Kuraray Co. Ltd.
- Mitsubishi Chemical Holdings Corporation
- Mitsui Chemicals Inc.
- RenewSys India Pvt. Ltd.
- STR Holdings Inc.
The report has segmented the market on the basis of region, material, technology and application.
Breakup by Material:
- Ethylene Vinyl Acetate
- Non-Ethylene Vinyl Acetate
- UV Curable Resins
Breakup by Technology:
- Single-crystal/Polycrystalline Silicon Solar Technology
- Thin-film Solar Technology
- Cadmium Telluride (CdTe)
- Copper Indium Gallium Selenide (CIGS)
- Amorphous Silicon (a-Si)
Breakup by Application:
- Construction
- Electronics
- Automotive
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
TOC for the Report:
- Preface
- Scope and Methodology
- Executive Summary
- Introduction
- Global Market
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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