Market Size, Share Global Outlook and Forecast 2025-2032
Publication Date: April 11, 2025
Encapsulant Materials for PV Modules Market Overview
Encapsulant materials for photovoltaic (P V) modules are specialized polymerbased substances used to encapsulate solar cells, ensuring mechanical stability and long-term performance.
They also play a crucial role in optical coupling by allowing maximum light transmission to the active solar cells.
Their primary function is to provide adhesion between the top protective layer (typically glass), the solar cells, and the rear surface.
Additionally, encapsulants safeguard the modules from environmental stressors, such as moisture, UV radiation, high temperatures, and mechanical impact.
Market Value & Growth Projections
Market Value & Growth Projections:
• Global Market Value (2024): US$ 6386 Million
• Projected Market Value (2031): US$ 7313 Million
• CAGR (2025-2031): 2.0%
Key Market Drivers:
Advancements in Module
Market Segmentation
By Type
By Application
Ethylene-Vinyl Acetate (EVA)
Polyolefin Elastomer (POE)
Others
By Region
Monofacial PV Modules
Bifacial PV Modules
North America
Europe
Asia-Pacific
Middle East & Africa
Key Market Players
Technologies
Betterial Cybrid
Sveck
Regional Market Analysis
North America
Holds a relatively small share (around 3%), but remains important due to rising adoption of solar in the U.S. and Canada, coupled with a push for domestic PV manufacturing through policy support like the Inflation Reduction Act.
Europe
With a 2% share, is gradually rebounding with strong governmental focus on sustainability and decarbonization goals.
Asia-Pacific
Dominates the Encapsulant materials for photovoltaic (PV) modules market, commanding 94% of the global share.
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