The global solar encapsulation materials market size was significantly robust in 2020 and is expected to register a steady revenue CAGR over the forecast period. Key factors driving market revenue growth are global electricity consumption, which is predicted to double by 2030, solar PV cost reduction potential, and PV technology advancements. Solar encapsulation is a gradually growing market with no substitutes, making it a critical component in production of PV modules.

Solar encapsulation materials provide adhesion between top and back surfaces of solar cells or solar photovoltaics. Due to strong thermal resistivity and endurance, solar encapsulation materials remain stable at rising temperatures and high UV exposures. Ethylene vinyl acetate, polyvinyl butyral, polydimethylsiloxane, ionomer, thermoplastic polyurethane, and polyolefin are some key materials used to make solar encapsulates. In most cases, solar encapsulation materials come in shape of sheets. Solar encapsulation material sheets are sandwiched between top and rear surfaces, then heated to 150 to 160 degrees Celsius until solar encapsulation material bonds with the PV module. The most prevalent substance for solar encapsulation is ethylene vinyl acetate.

Top Companies Operating in the Global Solar Encapsulation Materials Market:

• First
• Sveck
• STR
• MITSUI
• Bridgestone
• TPI All Seasons
• Dow Corning
• DuPont
• Akcome
• Hiuv
• Hangzhou First PV material Co. Ltd
• Changzhou Bbetterlm
• JGP Energy
• 3M
• SKC

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The factors that drive the industry's growth are highlighted in the report. The report divides the Solar Encapsulation Materials market into main categories such as forms, applications, end-users, technology, and others for a better understanding. These segments are thoroughly examined in order to provide a more accurate outlook for the global and regional markets. The report also examines the industry's major players, including their product portfolios, company overviews, strategic growth strategies, revenue generation, market share and market size, geographic presence, and development and manufacturing capabilities.

Market Overview:

Consumers are placing a higher importance on sustainability and, as a result, are choosing items based on factors like circularity and carbon footprint. Furthermore, consumer concern about carbon emissions has prompted increased investment in renewable energy, energy efficiency, and transportation decarbonization. These developments have had considerable impact on chemical end sectors, particularly in the automobile and construction industries. COVID-19 has exacerbated the situation by lowering the automobile and construction industries (as well as many others) and disrupting current supply lines.

The adoption of digital technologies by oil, gas, and chemical firms has been fueled primarily by cost savings and greater reliability. Many organizations in these areas saw excellent benefits from advanced market sensing, improved operational optimization, and expanded usage of "in silico" simulations. Companies' existing digital technologies provided an advantage with the abrupt entrance of COVID-19 and the accompanying shutdown of facilities and work sites, but they were often insufficient for the level of remote working and cybersecurity that was suddenly required.

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Solar Encapsulation Materials Market Segmentation

Material Type Outlook (Revenue, USD Billion; 2018-2028)

• Ethylene Vinyl Acetate (EVA)
• Non-Ethylene Vinyl Acetate
• UV Curable Resins
• Others

Solar Module Outlook (Revenue, USD Billion; 2018-2028)

• Monocrystalline
• Polycrystalline
• Cadmium Telluride
• Amorphous Silicon Cells
• Others

Application Outlook (Revenue, USD Billion; 2018-2028)

• Construction
• Electronics
• Automobile
• Others

The report is written with the aid of industry analysts, market segmentation, and data collection in order to assist readers in making profitable business decisions. The report includes a comprehensive database of technical and product advances. It also provides information on growth rates and market value, as well as a thorough examination of niche market segments. The report provides strategic advice to newcomers and existing businesses about how to make profitable and well-informed business decisions.

The Solar Encapsulation Materials market has been segmented into key regions of the world and offers an analysis of growth rate, market share, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Solar Encapsulation Materials market.

The global Solar Encapsulation Materials market is segmented into:

• North America (U.S.A., Canada, Mexico)
• Europe (Italy, U.K., Germany, France, Rest of Europe)
• Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
• Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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