APO RESEARCH · REPORT
Encapsulant Materials for PV Modules
An encapsulant is used to provide adhesion between the solar cells, the top surface and the rear surface of the PV module. The encapsulant should be stable at elevated temperatures and high UV exposure. It should also be optically transparent and should have a low thermal resistance. EVA (ethyl vinyl acetate) is the most commonly used encapsulant material. EVA comes in thin sheets which are inserted between the solar cells and the top surface and the rear surface. This sandwich is then heated to 150 °C to polymerize the EVA and bond the module together.
Product & engineering
Understand the product.
An encapsulant is used to provide adhesion between the solar cells, the top surface and the rear surface of the PV module. The encapsulant should be stable at elevated temperatures and high UV exposure. It should also be optically transparent and should have a low thermal resistance. EVA (ethyl vinyl acetate) is the most commonly used encapsulant material. EVA comes in thin sheets which are inserted between the solar cells and the top surface and the rear surface. This sandwich is then heated to 150 °C to polymerize the EVA and bond the module together.
Encapsulant materials used in photovoltaic (PV) modules serve multiple purposes; it provides optical coupling of PV cells and protection against environmental stress. Polymers must perform these functions under prolonged periods of high temperature, humidity, and UV radiation. When PV panels were first developed in the 1960s and the 1970s, the dominant encapsulants were based on polydimethyl siloxane (PDMS). Ethylene-co-vinyl acetate (EVA) is currently the dominant encapsulant chosen for PV applications, not because it has the best combination of properties, but because it is an economical option with an established history of acceptable durability. Getting new products onto the market is challenging because there is no room for dramatic improvements, and one must balance the initial cost and performance with the unknowns of long-term service life. Recently, there has been renewed interest in using alternative encapsulant materials with some significant manufacturers switching from EVA to polyolefin elastomer-based (POE) alternatives.
Selected research
Market Structure
Global Encapsulant Materials for PV Modules Market by Size, by Type, by Application, by Region, History and Forecast 2021-2032
Market perspective
An encapsulant is used to provide adhesion between the solar cells, the top surface and the rear surface of the PV module. The encapsulant should be stable at elevated temperatures and high UV exposure. It should also be optically transparent and should have a low thermal resistance. EVA (ethyl vinyl acetate) is the most commonly used encapsulant material. EVA comes in thin sheets which are inserted between the solar cells and the top surface and the rear surface. This sandwich is then heated to 150 °C to polymerize the EVA and bond the module together.
Encapsulant materials used in photovoltaic (PV) modules serve multiple purposes; it provides optical coupling of PV cells and protection against environmental stress. Polymers must perform these functions under prolonged periods of high temperature, humidity, and UV radiation. When PV panels were first developed in the 1960s and the 1970s, the dominant encapsulants were based on polydimethyl siloxane (PDMS). Ethylene-co-vinyl acetate (EVA) is currently the dominant encapsulant chosen for PV applications, not because it has the best combination of properties, but because it is an economical option with an established history of acceptable durability. Getting new products onto the market is challenging because there is no room for dramatic improvements, and one must balance the initial cost and performance with the unknowns of long-term service life. Recently, there has been renewed interest in using alternative encapsulant materials with some significant manufacturers switching from EVA to polyolefin elastomer-based (POE) alternatives.
Global key players of Encapsulant Materials for PV Modules include First, Sveck, HIUV, Bbetter, Hanwha and Mitsui Chemicals, etc. Top five players occupy for a share about 84%. China is the largest market, with a share about 81%, followed by North America and Japan. In terms of product, EVA Film is the largest segment, with a share over 73%. In terms of application, Monofacial Module is the largest market, with a share over 50%.
Read the full market overview
The report provides an overview of the global Encapsulant Materials for PV Modules market in terms of capacity, output, revenue, and price, analyzing global market trends using historical revenue and sales data for 2021-2025, estimates for 2026, and projected CAGRs through 2032.
The study covers key producers of Encapsulant Materials for PV Modules and consumption patterns in major regions and countries, assesses future market potential, and highlights priority regions and countries for segmenting the market into sub-sectors, with country-specific market value data for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, the Middle East, Africa, and other countries.
The report also presents Encapsulant Materials for PV Modules sales, revenue, market share, and industry ranking for the main manufacturers for 2021-2026, identifies the major stakeholders in the global market, and analyzes their competitive landscape and market positioning based on recent developments and segmental revenues.
In addition, the report analyzes segment data by type and application—covering sales, revenue, and price—for 2021-2032, and evaluates and forecasts the Encapsulant Materials for PV Modules market size, projected growth trends, production technologies, key applications, and end-use industries.
Encapsulant Materials for PV Modules Segment by Company
First
Sveck
HIUV
Bbetter
Tianyang
STR Solar
Lucent CleanEnergy
Mitsui Chemicals
Vishakha Renewables
RenewSys
Cybrid Technologies
TPI Polene
3M
Hanwha
SSPC
LUSHAN
Encapsulant Materials for PV Modules Segment by Type
EVA Film
POE Film
Other
Encapsulant Materials for PV Modules Segment by Application
Monofacial Module
Bifacial Module
Encapsulant Materials for PV Modules Segment by Region
North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Spain
Netherlands
Switzerland
Sweden
Poland
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Colombia
Middle East & Africa
Egypt
South Africa
Israel
Türkiye
GCC Countries
Study Objectives
1. To analyze and research the global status and future forecast, involving, production, value, consumption, growth rate (CAGR), market share, historical and forecast.
2. To present the key manufacturers, capacity, production, revenue, market share, and Recent Developments.
3. To split the breakdown data by regions, type, manufacturers, and Application.
4. To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints, and risks.
5. To identify significant trends, drivers, influence factors in global and regions.
6. To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
Reasons to Buy This Report
1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Encapsulant Materials for PV Modules market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Encapsulant Materials for PV Modules and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market.
5. This report helps stakeholders to gain insights into which regions to target globally.
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Encapsulant Materials for PV Modules.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
Chapter Outline
Chapter 1: Provides an overview of the Encapsulant Materials for PV Modules market, including product definition, global market growth prospects, production value, capacity, and average price forecasts (2021-2032).
Chapter 2: Analysis key trends, drivers, challenges, and opportunities within the global Encapsulant Materials for PV Modules industry.
Chapter 3: Detailed analysis of Encapsulant Materials for PV Modules market competition landscape. Including Encapsulant Materials for PV Modules manufacturers' output value, output and average price from 2021 to 2026, as well as competition analysis indicators such as origin, product type, application, merger and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 7: Production/Production Value of Encapsulant Materials for PV Modules by region. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 8: Consumption of Encapsulant Materials for PV Modules in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: Concluding Insights of the report.
More report detail
Tables and figures
Scope & coverage.
Types
- EVA Film
- POE Film
- Other
Applications
- Monofacial Module
- Bifacial Module
Companies covered
- First
- Sveck
- HIUV
- Bbetter
- Tianyang
- STR Solar
- Lucent CleanEnergy
- Mitsui Chemicals
- Vishakha Renewables
- RenewSys
- Cybrid Technologies
- TPI Polene
- 3M
- Hanwha
- SSPC
- LUSHAN
Inside the report.
1 Market Overview
- 1.1 Product Definition
- 1.2 Global Market Growth Prospects
- 1.2.1 Global Encapsulant Materials for PV Modules Production Value Estimates and Forecasts (2021-2032)
- 1.2.2 Global Encapsulant Materials for PV Modules Production Capacity Estimates and Forecasts (2021-2032)
- 1.2.3 Global Encapsulant Materials for PV Modules Production Estimates and Forecasts (2021-2032)
- 1.2.4 Global Encapsulant Materials for PV Modules Market Average Price (2021-2032)
- 1.3 Assumptions and Limitations
- 1.4 Study Goals and Objectives
2 Global Encapsulant Materials for PV Modules Market Dynamics
- 2.1 Encapsulant Materials for PV Modules Industry Trends
- 2.2 Encapsulant Materials for PV Modules Industry Drivers
- 2.3 Encapsulant Materials for PV Modules Industry Opportunities and Challenges
- 2.4 Encapsulant Materials for PV Modules Industry Restraints
3 Encapsulant Materials for PV Modules Market by Manufacturers
- 3.1 Global Encapsulant Materials for PV Modules Production Value by Manufacturers (2021-2026)
- 3.2 Global Encapsulant Materials for PV Modules Production by Manufacturers (2021-2026)
- 3.3 Global Encapsulant Materials for PV Modules Average Price by Manufacturers (2021-2026)
- 3.4 Global Encapsulant Materials for PV Modules Industry Manufacturers Ranking, 2024 VS 2025 VS 2026
- 3.5 Global Encapsulant Materials for PV Modules Key Manufacturers Manufacturing Sites & Headquarters
- 3.6 Global Encapsulant Materials for PV Modules Manufacturers, Product Type & Application
- 3.7 Global Encapsulant Materials for PV Modules Manufacturers Established Date
- 3.8 Market Competitive Analysis
- 3.8.1 Global Encapsulant Materials for PV Modules Market CR5 and HHI
- 3.8.2 Global Top 5 and 10 Encapsulant Materials for PV Modules Players Market Share by Production Value in 2025
- 3.8.3 2025 Encapsulant Materials for PV Modules Tier 1, Tier 2, and Tier 3
4 Encapsulant Materials for PV Modules Market by Type
- 4.1 Encapsulant Materials for PV Modules Type Introduction
- 4.1.1 EVA Film
- 4.1.2 POE Film
- 4.1.3 Other
- 4.2 Global Encapsulant Materials for PV Modules Production by Type
- 4.2.1 Global Encapsulant Materials for PV Modules Production by Type (2021 VS 2025 VS 2032)
- 4.2.2 Global Encapsulant Materials for PV Modules Production by Type (2021-2032)
- 4.2.3 Global Encapsulant Materials for PV Modules Production Market Share by Type (2021-2032)
- 4.3 Global Encapsulant Materials for PV Modules Production Value by Type
- 4.3.1 Global Encapsulant Materials for PV Modules Production Value by Type (2021 VS 2025 VS 2032)
- 4.3.2 Global Encapsulant Materials for PV Modules Production Value by Type (2021-2032)
- 4.3.3 Global Encapsulant Materials for PV Modules Production Value Market Share by Type (2021-2032)
5 Encapsulant Materials for PV Modules Market by Application
- 5.1 Encapsulant Materials for PV Modules Application Introduction
- 5.1.1 Monofacial Module
- 5.1.2 Bifacial Module
- 5.2 Global Encapsulant Materials for PV Modules Production by Application
- 5.2.1 Global Encapsulant Materials for PV Modules Production by Application (2021 VS 2025 VS 2032)
- 5.2.2 Global Encapsulant Materials for PV Modules Production by Application (2021-2032)
- 5.2.3 Global Encapsulant Materials for PV Modules Production Market Share by Application (2021-2032)
- 5.3 Global Encapsulant Materials for PV Modules Production Value by Application
- 5.3.1 Global Encapsulant Materials for PV Modules Production Value by Application (2021 VS 2025 VS 2032)
- 5.3.2 Global Encapsulant Materials for PV Modules Production Value by Application (2021-2032)
- 5.3.3 Global Encapsulant Materials for PV Modules Production Value Market Share by Application (2021-2032)
6 Company Profiles
- 6.1 First
- 6.1.1 First Company Information
- 6.1.2 First Business Overview
- 6.1.3 First Encapsulant Materials for PV Modules Production, Value and Gross Margin (2021-2026)
- 6.1.4 First Encapsulant Materials for PV Modules Product Portfolio
- 6.1.5 First Recent Developments
- 6.2 Sveck
- 6.2.1 Sveck Company Information
- 6.2.2 Sveck Business Overview
- 6.2.3 Sveck Encapsulant Materials for PV Modules Production, Value and Gross Margin (2021-2026)
- 6.2.4 Sveck Encapsulant Materials for PV Modules Product Portfolio
- 6.2.5 Sveck Recent Developments
- 6.3 HIUV
- 6.3.1 HIUV Company Information
- 6.3.2 HIUV Business Overview
- 6.3.3 HIUV Encapsulant Materials for PV Modules Production, Value and Gross Margin (2021-2026)
- 6.3.4 HIUV Encapsulant Materials for PV Modules Product Portfolio
- 6.3.5 HIUV Recent Developments
- 6.4 Bbetter
- 6.4.1 Bbetter Company Information
- 6.4.2 Bbetter Business Overview
- 6.4.3 Bbetter Encapsulant Materials for PV Modules Production, Value and Gross Margin (2021-2026)
- 6.4.4 Bbetter Encapsulant Materials for PV Modules Product Portfolio
- 6.4.5 Bbetter Recent Developments
- 6.5 Tianyang
- 6.5.1 Tianyang Company Information
- 6.5.2 Tianyang Business Overview
- 6.5.3 Tianyang Encapsulant Materials for PV Modules Production, Value and Gross Margin (2021-2026)
- 6.5.4 Tianyang Encapsulant Materials for PV Modules Product Portfolio
- 6.5.5 Tianyang Recent Developments
- 6.6 STR Solar
- 6.6.1 STR Solar Company Information
- 6.6.2 STR Solar Business Overview
- 6.6.3 STR Solar Encapsulant Materials for PV Modules Production, Value and Gross Margin (2021-2026)
- 6.6.4 STR Solar Encapsulant Materials for PV Modules Product Portfolio
- 6.6.5 STR Solar Recent Developments
- 6.7 Lucent CleanEnergy
- 6.7.1 Lucent CleanEnergy Company Information
- 6.7.2 Lucent CleanEnergy Business Overview
- 6.7.3 Lucent CleanEnergy Encapsulant Materials for PV Modules Production, Value and Gross Margin (2021-2026)
- 6.7.4 Lucent CleanEnergy Encapsulant Materials for PV Modules Product Portfolio
- 6.7.5 Lucent CleanEnergy Recent Developments
- 6.8 Mitsui Chemicals
- 6.8.1 Mitsui Chemicals Company Information
- 6.8.2 Mitsui Chemicals Business Overview
- 6.8.3 Mitsui Chemicals Encapsulant Materials for PV Modules Production, Value and Gross Margin (2021-2026)
- 6.8.4 Mitsui Chemicals Encapsulant Materials for PV Modules Product Portfolio
- 6.8.5 Mitsui Chemicals Recent Developments
- 6.9 Vishakha Renewables
- 6.9.1 Vishakha Renewables Company Information
- 6.9.2 Vishakha Renewables Business Overview
- 6.9.3 Vishakha Renewables Encapsulant Materials for PV Modules Production, Value and Gross Margin (2021-2026)
- 6.9.4 Vishakha Renewables Encapsulant Materials for PV Modules Product Portfolio
- 6.9.5 Vishakha Renewables Recent Developments
- 6.10 RenewSys
- 6.10.1 RenewSys Company Information
- 6.10.2 RenewSys Business Overview
- 6.10.3 RenewSys Encapsulant Materials for PV Modules Production, Value and Gross Margin (2021-2026)
- 6.10.4 RenewSys Encapsulant Materials for PV Modules Product Portfolio
- 6.10.5 RenewSys Recent Developments
- 6.11 Cybrid Technologies
- 6.11.1 Cybrid Technologies Company Information
- 6.11.2 Cybrid Technologies Business Overview
- 6.11.3 Cybrid Technologies Encapsulant Materials for PV Modules Production, Value and Gross Margin (2021-2026)
- 6.11.4 Cybrid Technologies Encapsulant Materials for PV Modules Product Portfolio
- 6.11.5 Cybrid Technologies Recent Developments
- 6.12 TPI Polene
- 6.12.1 TPI Polene Company Information
- 6.12.2 TPI Polene Business Overview
- 6.12.3 TPI Polene Encapsulant Materials for PV Modules Production, Value and Gross Margin (2021-2026)
- 6.12.4 TPI Polene Encapsulant Materials for PV Modules Product Portfolio
- 6.12.5 TPI Polene Recent Developments
- 6.13 3M
- 6.13.1 3M Company Information
- 6.13.2 3M Business Overview
- 6.13.3 3M Encapsulant Materials for PV Modules Production, Value and Gross Margin (2021-2026)
- 6.13.4 3M Encapsulant Materials for PV Modules Product Portfolio
- 6.13.5 3M Recent Developments
- 6.14 Hanwha
- 6.14.1 Hanwha Company Information
- 6.14.2 Hanwha Business Overview
- 6.14.3 Hanwha Encapsulant Materials for PV Modules Production, Value and Gross Margin (2021-2026)
- 6.14.4 Hanwha Encapsulant Materials for PV Modules Product Portfolio
- 6.14.5 Hanwha Recent Developments
- 6.15 SSPC
- 6.15.1 SSPC Company Information
- 6.15.2 SSPC Business Overview
- 6.15.3 SSPC Encapsulant Materials for PV Modules Production, Value and Gross Margin (2021-2026)
- 6.15.4 SSPC Encapsulant Materials for PV Modules Product Portfolio
- 6.15.5 SSPC Recent Developments
- 6.16 LUSHAN
- 6.16.1 LUSHAN Company Information
- 6.16.2 LUSHAN Business Overview
- 6.16.3 LUSHAN Encapsulant Materials for PV Modules Production, Value and Gross Margin (2021-2026)
- 6.16.4 LUSHAN Encapsulant Materials for PV Modules Product Portfolio
- 6.16.5 LUSHAN Recent Developments
7 Global Encapsulant Materials for PV Modules Production by Region
- 7.1 Global Encapsulant Materials for PV Modules Production by Region: 2021 VS 2025 VS 2032
- 7.2 Global Encapsulant Materials for PV Modules Production by Region (2021-2032)
- 7.2.1 Global Encapsulant Materials for PV Modules Production by Region (2021-2026)
- 7.2.2 Global Encapsulant Materials for PV Modules Production Forecast by Region (2027-2032)
- 7.3 Global Encapsulant Materials for PV Modules Production by Region: 2021 VS 2025 VS 2032
- 7.4 Global Encapsulant Materials for PV Modules Production Value by Region (2021-2032)
- 7.4.1 Global Encapsulant Materials for PV Modules Production Value by Region (2021-2026)
- 7.4.2 Global Encapsulant Materials for PV Modules Production Value by Region (2027-2032)
- 7.5 Global Encapsulant Materials for PV Modules Market Price Analysis by Region (2021-2032)
- 7.6 Regional Production Value Trends (2021-2032)
- 7.6.1 North America Encapsulant Materials for PV Modules Production Value (2021-2032)
- 7.6.2 Europe Encapsulant Materials for PV Modules Production Value (2021-2032)
- 7.6.3 Asia-Pacific Encapsulant Materials for PV Modules Production Value (2021-2032)
- 7.6.4 South America Encapsulant Materials for PV Modules Production Value (2021-2032)
- 7.6.5 Middle East & Africa Encapsulant Materials for PV Modules Production Value (2021-2032)
8 Global Encapsulant Materials for PV Modules Consumption by Region
- 8.1 Global Encapsulant Materials for PV Modules Consumption by Region: 2021 VS 2025 VS 2032
- 8.2 Global Encapsulant Materials for PV Modules Consumption by Region (2021-2032)
- 8.2.1 Global Encapsulant Materials for PV Modules Consumption by Region (2021-2026)
- 8.2.2 Global Encapsulant Materials for PV Modules Consumption by Region (2027-2032)
- 8.3 North America
- 8.3.1 North America Encapsulant Materials for PV Modules Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 8.3.2 North America Encapsulant Materials for PV Modules Consumption by Country (2021-2032)
- 8.3.3 U.S.
- 8.3.4 Canada
- 8.3.5 Mexico
- 8.4 Europe
- 8.4.1 Europe Encapsulant Materials for PV Modules Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 8.4.2 Europe Encapsulant Materials for PV Modules Consumption by Country (2021-2032)
- 8.4.3 Germany
- 8.4.4 France
- 8.4.5 U.K.
- 8.4.6 Italy
- 8.4.7 Netherlands
- 8.5 Asia Pacific
- 8.5.1 Asia Pacific Encapsulant Materials for PV Modules Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 8.5.2 Asia Pacific Encapsulant Materials for PV Modules Consumption by Country (2021-2032)
- 8.5.3 China
- 8.5.4 Japan
- 8.5.5 South Korea
- 8.5.6 Southeast Asia
- 8.5.7 India
- 8.5.8 Australia
- 8.6 South America
- 8.6.1 South America Encapsulant Materials for PV Modules Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 8.6.2 South America Encapsulant Materials for PV Modules Consumption by Country (2021-2032)
- 8.6.3 Brazil
- 8.6.4 Argentina
- 8.6.5 Chile
- 8.6.6 Colombia
- 8.7 Middle East & Africa
- 8.7.1 Middle East & Africa Encapsulant Materials for PV Modules Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 8.7.2 Middle East & Africa Encapsulant Materials for PV Modules Consumption by Country (2021-2032)
- 8.7.3 Egypt
- 8.7.4 South Africa
- 8.7.5 Israel
- 8.7.6 Türkiye
- 8.7.7 GCC Countries
9 Value Chain and Sales Channels Analysis
- 9.1 Encapsulant Materials for PV Modules Value Chain Analysis
- 9.1.1 Encapsulant Materials for PV Modules Key Raw Materials
- 9.1.2 Raw Materials Key Suppliers
- 9.1.3 Manufacturing Cost Structure
- 9.1.4 Encapsulant Materials for PV Modules Production Mode & Process
- 9.2 Encapsulant Materials for PV Modules Sales Channels Analysis
- 9.2.1 Direct Comparison with Distribution Share
- 9.2.2 Encapsulant Materials for PV Modules Distributors
- 9.2.3 Encapsulant Materials for PV Modules Customers
10 Concluding Insights
11 Appendix
- 11.1 Reasons for Doing This Study
- 11.2 Research Methodology
- 11.3 Research Process
- 11.4 Authors List of This Report
- 11.5 Data Source
- 11.5.1 Secondary Sources
- 11.5.2 Primary Sources
- 11.6 Disclaimer
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