Solar Encapsulation Market Size, Share, Trends, Growth Outlook

The Global Solar Encapsulation Market Size is estimated to register 12.8% growth over the forecast period from 2024 to 2030.

 

The market growth is driven by an increasing the solar energy market is expanding beyond traditional strongholds such as Europe and North America, with rapid growth observed in emerging markets across Asia, Latin America, and Africa. As solar energy becomes more accessible and cost-effective in these regions, there is a corresponding increase in demand for solar encapsulation materials. This expansion presents new opportunities for encapsulant manufacturers to cater to diverse regional requirements and preferences, driving market growth globally. Leading Companies focusing on Advanced Material Development, Customized Encapsulation Solutions, and others to boost market shares in the industry.

 

Solar Encapsulation Market Overview

The Solar Encapsulation Market encompasses the protection of solar photovoltaic modules through encapsulation materials, crucial for shielding solar cells from environmental stresses. This market experiences robust growth due to the global surge in solar installations driven by renewable energy adoption, technological advancements enhancing panel efficiency and durability, government incentives promoting solar energy, growing environmental concerns favoring sustainability, and expanding markets across diverse applications and regions. As solar power becomes more competitive and widespread, the demand for encapsulation materials is expected to continue rising, supporting the industry's evolution towards cleaner energy solutions.

 

Solar Encapsulation Market Dynamics

Solar Encapsulation Market Trends- The surging solar panel installation market is fueling significant growth in the solar encapsulation market, as the increasing demand for solar panels drives the need for protective and durable encapsulation materials.

The rapid expansion of the solar panel installation market is driving significant growth in the solar encapsulation sector. As the demand for solar panels escalates globally, there is a parallel surge in the need for durable encapsulation materials capable of protecting solar cells from environmental factors and ensuring their longevity. This increased demand for solar encapsulation materials directly correlates with the thriving solar energy industry, driven by heightened investments from individuals, businesses, and governments in renewable energy solutions to combat climate change and shift towards cleaner energy sources. Consequently, manufacturers of encapsulation materials are witnessing heightened demand, prompting them to innovate in material science and manufacturing processes to meet the evolving requirements of the solar market and facilitate its continuous expansion.

Market Driver- Technological advancements in the solar encapsulation market are fueling an increase in demand.

Technological progress within the solar encapsulation sector is driving a notable uptick in demand for innovative solutions. Ongoing research and development endeavors aimed at refining encapsulant materials and production techniques are increasingly highlighting the pivotal role of encapsulation in optimizing solar panel performance and durability. The emergence of new encapsulation materials boasting enhanced durability, UV resistance, and superior optical properties is gaining momentum, promising heightened efficiency and reliability in solar installations. Furthermore, advancements in manufacturing methodologies like thin-film encapsulation and roll-to-roll processing are streamlining production processes and trimming costs, thereby enhancing the accessibility and competitiveness of solar energy within the renewable energy realm. This fusion of technological ingenuity and market demand is propelling the solar encapsulation market forward, paving the way for broader growth and adoption of solar energy solutions on a global scale.

Market Opportunity- The solar encapsulation market prioritizes materials and technologies that enhance energy production and lifespan of solar panels.

Aligned with the objective of improving energy yield and durability of solar panels, the solar encapsulation sector is experiencing notable strides in encapsulant materials and technologies. Manufacturers are actively crafting advanced encapsulation materials that boast enhanced resilience against UV radiation, thermal fluctuations, and environmental stressors, ensuring prolonged operational efficacy across varying conditions. Moreover, there's a growing emphasis on devising encapsulation solutions adept at curbing optical losses while optimizing light transmission, thus augmenting energy conversion efficiency. Technological breakthroughs like double-glass modules, bifacial cells, and intelligent encapsulation coatings are gaining momentum for their capacity to further refine energy generation and bolster the longevity of solar panels. In essence, the solar encapsulation industry is marked by a continuous quest for materials and innovations aimed at amplifying the return on investment for solar energy systems, achieving heightened energy output, and securing enduring dependability.

Market Share Analysis- Polyvinyl Butyral (PVB) Solar Encapsulation Market will register the fastest growth

The Global Solar Encapsulation Market is analyzed across Ethylene Vinyl Acetate (EVA), Thermoplastic Polyurethane (TPU), Polyvinyl Butyral (PVB), Polydimethylsiloxane (PDMS), Ionomer, Polyolefin, and others. Polyvinyl Butyral (PVB) is poised to register the fastest growth. Polyvinyl Butyral (PVB) is gaining prominence in the Solar Encapsulation Market for its transparency, adhesion strength, and durability. PVB encapsulants offer excellent UV resistance, moisture protection, and thermal stability, ensuring prolonged performance of solar panels in diverse conditions. Its ease of lamination onto solar cells makes it cost-effective and suitable for mass production. As demand for efficient encapsulation materials rises with the increasing adoption of solar energy, PVB emerges as a preferred choice, promising enhanced panel efficiency, longevity, and reduced maintenance costs.

Market Share Analysis- Crystalline Silicon Solar held a significant market share in 2024

The Global Solar Encapsulation Market is analyzed across various technologies including Crystalline Silicon Solar, Thin-Film Solar, and others. Of these, Crystalline Silicon Solar held a significant market share in 2024. The Solar Encapsulation Market for Crystalline Silicon Solar panels centers on optimizing encapsulation materials and technologies to safeguard sensitive cells while enhancing energy production and panel lifespan. Innovations include advanced materials like ethylene-vinyl acetate (EVA), coupled with manufacturing advancements for improved durability and efficiency. Emphasis lies on enhancing light transmission and minimizing losses for greater energy conversion. Technological developments such as double-glass modules and smart coatings further enhance performance and longevity. Overall, the market prioritizes maximizing performance and reliability while ensuring cost-effectiveness in solar energy production.

 

Solar Encapsulation Market Segmentation

By Materials

• Ethylene Vinyl Acetate (EVA)
• Thermoplastic Polyurethane (TPU)
• Polyvinyl Butyral (PVB)
• Polydimethylsiloxane (PDMS)
• Ionomer
• Polyolefin

 

By Technology

• Crystalline Silicon Solar
• Thin-Film Solar

 

By Application

• Ground-mounted
• Building-integrated photovoltaic
• Floating photovoltaic
• Others

 

By Region

• North America (United States, Canada, Mexico)
• Europe (Germany, France, United Kingdom, Spain, Italy, Others)
• Asia Pacific (China, India, Japan, South Korea, Australia, Others)
• Latin America (Brazil, Argentina, Others)
• Middle East and Africa (Saudi Arabia, UAE, Kuwait, Other Middle East, South Africa, Nigeria, Other Africa)

 

Solar Encapsulation Market Companies

• Mitsui Chemicals Inc
• Elkem ASA
• Dupont
• Dow
• 3m
• Dupont
• H.b. Fuller Company
• Avantor inc
• Exxon mobil corporation
• Hangzhou First Applied Material Co. Ltd
• Renewsys India Pvt Ltd
• Lg chem
• Novopolymers\ renews India Pvt ltd
• ja Solar Technology Co. Ltd
• Shin-etsu chemical co ltd
• Guangzhou lushan new materials co ltd

 

*List not exhaustive

Solar Encapsulation Market Outlook 2024

1 Market Overview

1.1 Introduction to the Solar Encapsulation Market

1.2 Scope of the Study

1.3 Research Objective

1.3.1 Key Market Scope and Segments

1.3.2 Players Covered

1.3.3 Years Considered

 

2 Executive Summary

2.1 2024 Solar Encapsulation Industry- Market Statistics

3 Market Dynamics

3.1 Market Drivers

3.2 Market Challenges

3.3 Market Opportunities

3.4 Market Trends

 

4 Market Factor Analysis

4.1 Porter’s Five Forces

4.2 Market Entropy

4.2.1 Global Solar Encapsulation Market Companies with Area Served

4.2.2 Products Offerings Global Solar Encapsulation Market

 

5 Recession Impact Analysis and Outlook Scenarios

5.1.1 Recission Impact Analysis

5.1.2 Market Growth Scenario- Base Case

5.1.3 Market Growth Scenario- Reference Case

5.1.4 Market Growth Scenario- High Case

 

6 Global Solar Encapsulation Market Trends

6.1 Global Solar Encapsulation Revenue (USD Million) and CAGR (%) by Type (2018-2032)

6.2 Global Solar Encapsulation Revenue (USD Million) and CAGR (%) by Applications (2018-2032)

6.3 Global Solar Encapsulation Revenue (USD Million) and CAGR (%) by regions (2018-2032)

 

7 Global Solar Encapsulation Market Revenue (USD Million) by Type, and Applications (2018-2023)

7.1 Global Solar Encapsulation Revenue (USD Million) by Type (2018-2023)

7.1.1 Global Solar Encapsulation Revenue (USD Million), Market Share (%) by Type (2018-2023)

7.2 Global Solar Encapsulation Revenue (USD Million) by Applications (2018-2023)

7.2.1 Global Solar Encapsulation Revenue (USD Million), Market Share (%) by Applications (2018-2023)

 

8 Global Solar Encapsulation Development Regional Status and Outlook

8.1 Global Solar Encapsulation Revenue (USD Million) By Regions (2018-2023)

8.2 North America Solar Encapsulation Revenue (USD Million) by Type, and Application (2018-2023)

8.2.1 North America Solar Encapsulation Revenue (USD Million) by Country (2018-2023)

8.2.2 North America Solar Encapsulation Revenue (USD Million) by Type (2018-2023)

8.2.3 North America Solar Encapsulation Revenue (USD Million) by Applications (2018-2023)

8.3 Europe Solar Encapsulation Revenue (USD Million), by Type, and Applications (USD Million) (2018-2023)

8.3.1 Europe Solar Encapsulation Revenue (USD Million), by Country (2018-2023)

8.3.2 Europe Solar Encapsulation Revenue (USD Million) by Type (2018-2023)

8.3.3 Europe Solar Encapsulation Revenue (USD Million) by Applications (2018-2023)

8.4 Asia Pacific Solar Encapsulation Revenue (USD Million), and Revenue (USD Million) by Type, and Applications (2018-2023)

8.4.1 Asia Pacific Solar Encapsulation Revenue (USD Million) by Country (2018-2023)

8.4.2 Asia Pacific Solar Encapsulation Revenue (USD Million) by Type (2018-2023)

8.4.3 Asia Pacific Solar Encapsulation Revenue (USD Million) by Applications (2018-2023)

8.5 South America Solar Encapsulation Revenue (USD Million), by Type, and Applications (2018-2023)

8.5.1 South America Solar Encapsulation Revenue (USD Million), by Country (2018-2023)

8.5.2 South America Solar Encapsulation Revenue (USD Million) by Type (2018-2023)

8.5.3 South America Solar Encapsulation Revenue (USD Million) by Applications (2018-2023)

8.6 Middle East and Africa Solar Encapsulation Revenue (USD Million), by Type, Technology, Application, Thickness (2018-2023)

8.6.1 Middle East and Africa Solar Encapsulation Revenue (USD Million) by Country (2018-2023)

8.6.2 Middle East and Africa Solar Encapsulation Revenue (USD Million) by Type (2018-2023)

8.6.3 Middle East and Africa Solar Encapsulation Revenue (USD Million) by Applications (2018-2023)

 

9 Company Profiles

 

10 Global Solar Encapsulation Market Revenue (USD Million), by Type, and Applications (2024-2032)

10.1 Global Solar Encapsulation Revenue (USD Million) and Market Share (%) by Type (2024-2032)

10.1.1 Global Solar Encapsulation Revenue (USD Million), and Market Share (%) by Type (2024-2032)

10.2 Global Solar Encapsulation Revenue (USD Million) and Market Share (%) by Applications (2024-2032)

10.2.1 Global Solar Encapsulation Revenue (USD Million), and Market Share (%) by Applications (2024-2032)

 

11 Global Solar Encapsulation Development Regional Status and Outlook Forecast

11.1 Global Solar Encapsulation Revenue (USD Million) By Regions (2024-2032)

11.2 North America Solar Encapsulation Revenue (USD Million) by Type, and Applications (2024-2032)

11.2.1 North America Solar Encapsulation Revenue (USD) Million by Country (2024-2032)

11.2.2 North America Solar Encapsulation Revenue (USD Million), by Type (2024-2032)

11.2.3 North America Solar Encapsulation Revenue (USD Million), Market Share (%) by Applications (2024-2032)

11.3 Europe Solar Encapsulation Revenue (USD Million), by Type, and Applications (2024-2032)

11.3.1 Europe Solar Encapsulation Revenue (USD Million), by Country (2024-2032)

11.3.2 Europe Solar Encapsulation Revenue (USD Million), by Type (2024-2032)

11.3.3 Europe Solar Encapsulation Revenue (USD Million), by Applications (2024-2032)

11.4 Asia Pacific Solar Encapsulation Revenue (USD Million) by Type, and Applications (2024-2032)

11.4.1 Asia Pacific Solar Encapsulation Revenue (USD Million), by Country (2024-2032)

11.4.2 Asia Pacific Solar Encapsulation Revenue (USD Million), by Type (2024-2032)

11.4.3 Asia Pacific Solar Encapsulation Revenue (USD Million), by Applications (2024-2032)

11.5 South America Solar Encapsulation Revenue (USD Million), by Type, and Applications (2024-2032)

11.5.1 South America Solar Encapsulation Revenue (USD Million), by Country (2024-2032)

11.5.2 South America Solar Encapsulation Revenue (USD Million), by Type (2024-2032)

11.5.3 South America Solar Encapsulation Revenue (USD Million), by Applications (2024-2032)

11.6 Middle East and Africa Solar Encapsulation Revenue (USD Million), by Type, and Applications (2024-2032)

11.6.1 Middle East and Africa Solar Encapsulation Revenue (USD Million), by region (2024-2032)

11.6.2 Middle East and Africa Solar Encapsulation Revenue (USD Million), by Type (2024-2032)

11.6.3 Middle East and Africa Solar Encapsulation Revenue (USD Million), by Applications (2024-2032)

 

12 Methodology and Data Sources

12.1 Methodology/Research Approach

12.1.1 Research Programs/Design

12.1.2 Market Size Estimation

12.1.3 Market Breakdown and Data Triangulation

12.2 Data Sources

12.2.1 Secondary Sources

12.2.2 Primary Sources

12.3 Disclaimer

 

List of Tables

Table 1 Market Segmentation Analysis

Table 2 Global Solar Encapsulation Market Companies with Areas Served

Table 3 Products Offerings Global Solar Encapsulation Market

Table 4 Low Growth Scenario Forecasts

Table 5 Reference Case Growth Scenario

Table 6 High Growth Case Scenario

Table 7 Global Solar Encapsulation Revenue (USD Million) And CAGR (%) By Type (2018-2032)

Table 8 Global Solar Encapsulation Revenue (USD Million) And CAGR (%) By Applications (2018-2032)

Table 9 Global Solar Encapsulation Revenue (USD Million) And CAGR (%) By Regions (2018-2032)

Table 10 Global Solar Encapsulation Revenue (USD Million) By Type (2018-2023)

Table 11 Global Solar Encapsulation Revenue Market Share (%) By Type (2018-2023)

Table 12 Global Solar Encapsulation Revenue (USD Million) By Applications (2018-2023)

Table 13 Global Solar Encapsulation Revenue Market Share (%) By Applications (2018-2023)

Table 14 Global Solar Encapsulation Market Revenue (USD Million) By Regions (2018-2023)

Table 15 Global Solar Encapsulation Market Share (%) By Regions (2018-2023)

Table 16 North America Solar Encapsulation Revenue (USD Million) By Country (2018-2023)

Table 17 North America Solar Encapsulation Revenue (USD Million) By Type (2018-2023)

Table 18 North America Solar Encapsulation Revenue (USD Million) By Applications (2018-2023)

Table 19 Europe Solar Encapsulation Revenue (USD Million) By Country (2018-2023)

Table 20 Europe Solar Encapsulation Revenue (USD Million) By Type (2018-2023)

Table 21 Europe Solar Encapsulation Revenue (USD Million) By Applications (2018-2023)

Table 22 Asia Pacific Solar Encapsulation Revenue (USD Million) By Country (2018-2023)

Table 23 Asia Pacific Solar Encapsulation Revenue (USD Million) By Type (2018-2023)

Table 24 Asia Pacific Solar Encapsulation Revenue (USD Million) By Applications (2018-2023)

Table 25 South America Solar Encapsulation Revenue (USD Million) By Country (2018-2023)

Table 26 South America Solar Encapsulation Revenue (USD Million) By Type (2018-2023)

Table 27 South America Solar Encapsulation Revenue (USD Million) By Applications (2018-2023)

Table 28 Middle East and Africa Solar Encapsulation Revenue (USD Million) By Region (2018-2023)

Table 29 Middle East and Africa Solar Encapsulation Revenue (USD Million) By Type (2018-2023)

Table 30 Middle East and Africa Solar Encapsulation Revenue (USD Million) By Applications (2018-2023)

Table 31 Financial Analysis

Table 32 Global Solar Encapsulation Revenue (USD Million) By Type (2024-2032)

Table 33 Global Solar Encapsulation Revenue Market Share (%) By Type (2024-2032)

Table 34 Global Solar Encapsulation Revenue (USD Million) By Applications (2024-2032)

Table 35 Global Solar Encapsulation Revenue Market Share (%) By Applications (2024-2032)

Table 36 Global Solar Encapsulation Market Revenue (USD Million), And Revenue (USD Million) By Regions (2024-2032)

Table 37 North America Solar Encapsulation Revenue (USD)By Country (2024-2032)

Table 38 North America Solar Encapsulation Revenue (USD Million) By Type (2024-2032)

Table 39 North America Solar Encapsulation Revenue (USD Million) By Applications (2024-2032)

Table 40 Europe Solar Encapsulation Revenue (USD Million) By Country (2024-2032)

Table 41 Europe Solar Encapsulation Revenue (USD Million) By Type (2024-2032)

Table 42 Europe Solar Encapsulation Revenue (USD Million) By Applications (2024-2032)

Table 43 Asia Pacific Solar Encapsulation Revenue (USD Million) By Country (2024-2032)

Table 44 Asia Pacific Solar Encapsulation Revenue (USD Million) By Type (2024-2032)

Table 45 Asia Pacific Solar Encapsulation Revenue (USD Million) By Applications (2024-2032)

Table 46 South America Solar Encapsulation Revenue (USD Million) By Country (2024-2032)

Table 47 South America Solar Encapsulation Revenue (USD Million) By Type (2024-2032)

Table 48 South America Solar Encapsulation Revenue (USD Million) By Applications (2024-2032)

Table 49 Middle East and Africa Solar Encapsulation Revenue (USD Million) By Region (2024-2032)

Table 50 Middle East and Africa Solar Encapsulation Revenue (USD Million) By Region (2024-2032)

Table 51 Middle East and Africa Solar Encapsulation Revenue (USD Million) By Type (2024-2032)

Table 52 Middle East and Africa Solar Encapsulation Revenue (USD Million) By Applications (2024-2032)

Table 53 Research Programs/Design for This Report

Table 54 Key Data Information from Secondary Sources

Table 55 Key Data Information from Primary Sources

 

List of Figures

Figure 1 Market Scope

Figure 2 Porter’s Five Forces

Figure 3 Global Solar Encapsulation Revenue (USD Million) By Type (2018-2023)

Figure 4 Global Solar Encapsulation Revenue Market Share (%) By Type (2023)

Figure 5 Global Solar Encapsulation Revenue (USD Million) By Applications (2018-2023)

Figure 6 Global Solar Encapsulation Revenue Market Share (%) By Applications (2023)

Figure 7 Global Solar Encapsulation Market Revenue (USD Million) By Regions (2018-2023)

Figure 8 Global Solar Encapsulation Market Share (%) By Regions (2023)

Figure 9 North America Solar Encapsulation Revenue (USD Million) By Country (2018-2023)

Figure 10 North America Solar Encapsulation Revenue (USD Million) By Type (2018-2023)

Figure 11 North America Solar Encapsulation Revenue (USD Million) By Applications (2018-2023)

Figure 12 Europe Solar Encapsulation Revenue (USD Million) By Country (2018-2023)

Figure 13 Europe Solar Encapsulation Revenue (USD Million) By Type (2018-2023)

Figure 14 Europe Solar Encapsulation Revenue (USD Million) By Applications (2018-2023)

Figure 15 Asia Pacific Solar Encapsulation Revenue (USD Million) By Country (2018-2023)

Figure 16 Asia Pacific Solar Encapsulation Revenue (USD Million) By Type (2018-2023)

Figure 17 Asia Pacific Solar Encapsulation Revenue (USD Million) By Applications (2018-2023)

Figure 18 South America Solar Encapsulation Revenue (USD Million) By Country (2018-2023)

Figure 19 South America Solar Encapsulation Revenue (USD Million) By Type (2018-2023)

Figure 20 South America Solar Encapsulation Revenue (USD Million) By Applications (2018-2023)

Figure 21 Middle East and Africa Solar Encapsulation Revenue (USD Million) By Region (2018-2023)

Figure 22 Middle East and Africa Solar Encapsulation Revenue (USD Million) By Type (2018-2023)

Figure 23 Middle East and Africa Solar Encapsulation Revenue (USD Million) By Applications (2018-2023)

Figure 24 Global Solar Encapsulation Revenue (USD Million) By Type (2024-2032)

Figure 25 Global Solar Encapsulation Revenue Market Share (%) By Type (2030)

Figure 26 Global Solar Encapsulation Revenue (USD Million) By Applications (2024-2032)

Figure 27 Global Solar Encapsulation Revenue Market Share (%) By Applications (2030)

Figure 28 Global Solar Encapsulation Market Revenue (USD Million) By Regions (2024-2032)

Figure 29 North America Solar Encapsulation Revenue (USD Million) By Country (2024-2032)

Figure 30 North America Solar Encapsulation Revenue (USD Million) By Type (2024-2032)

Figure 31 North America Solar Encapsulation Revenue (USD Million) By Applications (2024-2032)

Figure 32 Europe Solar Encapsulation Revenue (USD Million) By Country (2024-2032)

Figure 33 Europe Solar Encapsulation Revenue (USD Million) By Type (2024-2032)

Figure 34 Europe Solar Encapsulation Revenue (USD Million) By Applications (2024-2032)

Figure 35 Asia Pacific Solar Encapsulation Revenue (USD Million) By Country (2024-2032)

Figure 36 Asia Pacific Solar Encapsulation Revenue (USD Million) By Type (2024-2032)

Figure 37 Asia Pacific Solar Encapsulation Revenue (USD Million) By Applications (2024-2032)

Figure 38 South America Solar Encapsulation Revenue (USD Million) By Country (2024-2032)

Figure 39 South America Solar Encapsulation Revenue (USD Million) By Type (2024-2032)

Figure 40 South America Solar Encapsulation Revenue (USD Million) By Applications (2024-2032)

Figure 41 Middle East and Africa Solar Encapsulation Revenue (USD Million) By Region (2024-2032)

Figure 42 Middle East and Africa Solar Encapsulation Revenue (USD Million) By Region (2024-2032)

Figure 43 Middle East and Africa Solar Encapsulation Revenue (USD Million) By Type (2024-2032)

Figure 44 Middle East and Africa Solar Encapsulation Revenue (USD Million) By Applications (2024-2032)

Figure 45 Bottom-Up and Top-Down Approaches for This Report

Figure 46 Data Triangulation

Solar Encapsulation Market Segmentation

By Materials

• Ethylene Vinyl Acetate (EVA)
• Thermoplastic Polyurethane (TPU)
• Polyvinyl Butyral (PVB)
• Polydimethylsiloxane (PDMS)
• Ionomer
• Polyolefin

 

By Technology

• Crystalline Silicon Solar
• Thin-Film Solar

 

By Application

• Ground-mounted
• Building-integrated photovoltaic
• Floating photovoltaic
• Others

 

By Region

• North America (United States, Canada, Mexico)
• Europe (Germany, France, United Kingdom, Spain, Italy, Others)
• Asia Pacific (China, India, Japan, South Korea, Australia, Others)
• Latin America (Brazil, Argentina, Others)
• Middle East and Africa (Saudi Arabia, UAE, Kuwait, Other Middle East, South Africa, Nigeria, Other Africa)