Solar Encapsulation Market Size, Trends, Growth, Analysis, Demand and Future Outlook
Solar Encapsulation Market Growth, Size, Trends Analysis - By Material, By Technology, By Application - Regional Outlook, Competitive Strategies and Segment Forecast to 2034
| Published: Apr-2025 | Report ID: POAE2519 | Pages: 1 - 283 | Formats*: |
| Category : Power & Energy | |||
Solar Encapsulation Market Introduction and Overview
According to SPER Market Research, the Global Solar Encapsulation Market is estimated to reach USD 11.72 billion by 2034 with a CAGR of 8.26%.
The report includes an in-depth analysis of the Global Solar Encapsulation Market, including market size and trends, product mix, Applications, and supplier analysis.
The global solar encapsulation market was valued at USD 5.3 billion in 2024 and is anticipated to grow at a CAGR of 8.26% during the forecast period. This growth is driven by the rising global demand for electricity and advancements in the sustainable energy sector, due to the depletion of traditional resources and environmental concerns. Additionally, increasing investment in infrastructure modernization supports the market, making solar encapsulation essential for producing photovoltaic (PV) technology.
By Material Insights: The report divides the solar encapsulant market into six material types: Ethylene-vinyl Acetate (EVA), Polyvinyl Butyral (PVB), Polydimethylsiloxane (PDMS), Ionomer, Polyolefin, and Thermoplastic Polyurethane (TPU). The EVA segment is predicted to be the largest during the forecast period. EVA is favored for food and medical packaging due to its non-toxic qualities and excellent mechanical properties. It is also used in solar modules to enhance radiation transmission and protect solar cells with sealing and insulating films.
By Technology Insights: The solar encapsulation market is divided by technology into crystalline silicon and thin-film solar technology. Crystalline silicon includes mono-crystalline and polycrystalline. Thin-film solar technology consists of Cadmium telluride (CdTe), Copper-Indium-gallium-selenide (CIGS), and Amorphous Silicon. Crystalline silicon technology will grow the fastest. Monocrystalline cells are made from single-crystalline silicon, are cylindrical, and are more efficient and space-saving than other solar cells.
Regional Insights: Asia-Pacific dominates the Solar Encapsulation Market, with the biggest market share. Rapid improvements in solar technology, large investments in renewable energy, and government support for sustainable energy projects, particularly in China and India, have all contributed to the region's market supremacy. This region is anticipated to maintain its supremacy as urbanisation and industrialisation continue, as solar systems become more affordable. North America follows, with a heavy emphasis on solar technology innovation and a strong legislative framework that encourages renewable energy use. The United States leads the region in green energy, thanks to federal laws that promote it and the availability of private investment for new solar installations.
Market Competitive Landscape
The solar encapsulation market is dominated by a few large competitors with a strong regional presence. Mitsui Chemicals, Inc, Elkem ASA, Dow, 3M, and DuPont are the leading participants in the Solar Encapsulation market. To increase their share of the Solar encapsulation business, these companies used techniques like as contracts, collaborations, partnerships, mergers, acquisitions, and expansions.
Recent Developments:
- Shanghai-based AIKO debuted its cutting-edge solar cell products using solar encapsulation technology at the All-Energy show in Melbourne, Australia, in October 2023.
- First Solar, Inc., a US solar company, bought Evolar AB for $38 million in May 2023. The aim is to speed up the development of new photovoltaic (PV) technologies, especially efficient tandem devices. This will combine Evolar's skills in thin-film PV systems with its research and development work. Evolar AB, based in Sweden, supplies solar technologies, including solar encapsulation.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2021-2034 |
| Base year considered | 2024 |
| Forecast period | 2025-2034 |
| Segments covered | By Material, By Technology, By Application. |
| Regions covered | North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa. |
| Companies Covered | First Solar, H.B. Fuller Company, Dow, DuPont, Mitsui Chemicals, Inc, 3M, Exxon Mobil Corporation, Avantor, Inc, HANGZHOU FIRST APPLIED MATERIAL CO., LTD, LG Chem. |
Key Topics Covered in the Report
- Global Solar Encapsulation Market Size (FY’2021-FY’2034)
- Overview of Global Solar Encapsulation Market
- Segmentation of Global Solar Encapsulation Market By Material (Ethylene Vinyl Acetate, Thermoplastic Polyurethane, Polyvinyl Butyral, Polydimethylsiloxane, Ionomer, Polyolefin)
- Segmentation of Global Solar Encapsulation Market By Technology (Crystalline Silicon Solar, Thin-Film Solar)
- Segmentation of Global Solar Encapsulation Market By Application (Ground-mounted, Building-integrated photovoltaic, Floating photovoltaic, Others)
- Statistical Snap of Global Solar Encapsulation Market
- Expansion Analysis of Global Solar Encapsulation Market
- Problems and Obstacles in Global Solar Encapsulation Market
- Competitive Landscape in the Global Solar Encapsulation Market
- Details on Current Investment in Global Solar Encapsulation Market
- Competitive Analysis of Global Solar Encapsulation Market
- Prominent Players in the Global Solar Encapsulation Market
- SWOT Analysis of Global Solar Encapsulation Market
- Global Solar Encapsulation Market Future Outlook and Projections (FY’2025-FY’2034)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPERs internal database2.1.4. Premium insight from KOLs
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTERs Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Solar Encapsulation Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Solar Encapsulation Market
7. Global Solar Encapsulation Market, By Material (USD Million) 2021-2034
7.1. Ethylene Vinyl Acetate (EVA)7.2. Thermoplastic Polyurethane (TPU)7.3. Polyvinyl Butyral (PVB)7.4. Polydimethylsiloxane (PDMS)7.5. Ionomer7.6. Polyolefin
8. Global Solar Encapsulation Market, By Technology (USD Million) 2021-2034
8.1. Crystalline Silicon Solar8.2. Thin-Film Solar
9. Global Solar Encapsulation Market, By Application (USD Million) 2021-2034
9.1. Ground-mounted9.2. Building-integrated photovoltaic9.3. Floating photovoltaic9.4. Others
10. Global Solar Encapsulation Market, (USD Million) 2021-2034
10.1. Global Solar Encapsulation Market Size and Market Share
11. Global Solar Encapsulation Market, By Region, (USD Million) 2021-2034
11.1. Asia-Pacific
11.1.1. Australia11.1.2. China11.1.3. India11.1.4. Japan11.1.5. South Korea11.1.6. Rest of Asia-Pacific
11.2. Europe
11.2.1. France11.2.2. Germany11.2.3. Italy11.2.4. Spain11.2.5. United Kingdom11.2.6. Rest of Europe
11.3. Middle East and Africa
11.3.1. Kingdom of Saudi Arabia11.3.2. United Arab Emirates11.3.3. Qatar11.3.4. South Africa11.3.5. Egypt11.3.6. Morocco11.3.7. Nigeria11.3.8. Rest of Middle-East and Africa
11.4. North America
11.4.1. Canada11.4.2. Mexico11.4.3. United States
11.5. Latin America
11.5.1. Argentina11.5.2. Brazil11.5.3. Rest of Latin America
12. Company Profile
12.1. First Solar
12.1.1. Company details12.1.2. Financial outlook12.1.3. Product summary12.1.4. Recent developments
12.2. H.B. Fuller Company
12.2.1. Company details12.2.2. Financial outlook12.2.3. Product summary12.2.4. Recent developments
12.3. Dow
12.3.1. Company details12.3.2. Financial outlook12.3.3. Product summary12.3.4. Recent developments
12.4. DuPont
12.4.1. Company details12.4.2. Financial outlook12.4.3. Product summary12.4.4. Recent developments
12.5. Mitsui Chemicals, Inc
12.5.1. Company details12.5.2. Financial outlook12.5.3. Product summary12.5.4. Recent developments
12.6. 3M
12.6.1. Company details12.6.2. Financial outlook12.6.3. Product summary12.6.4. Recent developments
12.7. Exxon Mobil Corporation
12.7.1. Company details12.7.2. Financial outlook12.7.3. Product summary12.7.4. Recent developments
12.8. Avantor, Inc
12.8.1. Company details12.8.2. Financial outlook12.8.3. Product summary12.8.4. Recent developments
12.9. HANGZHOU FIRST APPLIED MATERIAL CO., LTD
12.9.1. Company details12.9.2. Financial outlook12.9.3. Product summary12.9.4. Recent developments
12.10. LG Chem
12.10.1. Company details12.10.2. Financial outlook12.10.3. Product summary12.10.4. Recent developments
12.11. Others
13. Conclusion
14. List of Abbreviations
15. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Solar Encapsulation Market is projected to reach USD 11.72 billion by 2034, growing at a CAGR of 8.26% during the forecast period.
Solar Encapsulation Market grew in Market size from 2025. The Market is expected to reach USD 11.72 billion by 2034, at a CAGR of 8.26% during the forecast period.
Solar Encapsulation Market CAGR of 8.26% during the forecast period.
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Solar Encapsulation Market size is USD 11.72 billion from 2025 to 2034.
Solar Encapsulation Market is covered By Product, By Function, By Application, By End-User.
The North America is anticipated to have the highest Market share in the Solar Encapsulation Market.
The key players in the Market include Companies Covered First Solar, H.B. Fuller Company, Dow, DuPont, Mitsui Chemicals, Inc, 3M, Exxon Mobil Corporation, Avantor, Inc, HANGZHOU FIRST APPLIED MATERIAL CO., LTD, LG Chem.
The Solar Encapsulation Market includes technologies and materials that protect solar photovoltaic (PV) cells from damage. Encapsulation helps solar panels last longer and work better by blocking moisture, dirt, and impacts. Important materials are ethylene vinyl acetate (EVA), polyolefin elastomer (POE), and thermoplastic polyurethane (TPU).
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