Global Solar Encapsulation market is valued at approximately USD 2.83 Billion in 2021 and is anticipated to grow with a growth rate of more than 8.7 % over the forecast period 2022-2029. Solar photovoltaic technology is a technology that converts sunlight into direct current electricity by using electronic components such as semiconductors. There is a number of layers in solar cell and among those layers, one is encapsulation film that protects the solar cell from discoloration, moisture etc. and ensures its reliability and performance. It provides optical and electrical transmissivity. Rising demand for electricity worldwide, cost reduction potential of solar PV and development in PV technology are the factors driving the growth of market over the forecast years.
Over the years the demand for electricity has significantly increased due to increased commercial and industrial demand as well as growing adoption of electric vehicles. Hence, with rising electricity demand the adoption of alternative energy sources such as solar energy has rapidly increased creating lucrative demand for solar encapsulation worldwide. For instance - according to International Energy Agency (IEA) estimates - in 2019, the global electricity demand was estimated at approximately 24000 terawatt-hours, and the demand for electricity is projected to reach 27500 terawatt-hours by 2026, and further 30,000 terawatt-hours in 2030. Thus, the rise in global electricity demand indicates the rise in electricity production propels the growth of global solar encapsulation market over the forecast years. Also, introduction of organic solar technology and economical encapsulation techniques and increasing demand for solar lights for road dividers would create lucrative growth prospectus for the global solar encapsulation market throughout the projected period. However, degradation of EVA solar encapsulation materials hinders the market growth throughout the forecast period of 2022-2029.
The regional analysis of global Solar Encapsulation market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia Pacific is estimated as the dominant and fastest growing region worldwide due to the factors such as increasing number of initiatives from government authorities to promote adoption of solar energy and growing investment in solar parks as well as the region being one of the largest producers of solar energy worldwide.
Market players included in this report are:
- 3M Company
- AKCOME
- STR Holding Inc.
- Bridgestone Corporation
- DNP solar
- Dow Inc.
- Dupont De Nemours Inc
- First Solar
- Hangzhou First PV Material Co. Ltd.
- JGP Energy
Recent Developments in the Market:
- In October 2020, Japan based Mitsubishi Chemical Corporation, acquired USA based Gelest Inc. With this acquisition, the company intended to extend its geographical footprint.
Global Solar Encapsulation Market Report Scope:
- Historical Data: 2019-2020-2021
- Base Year for Estimation: 2021
- Forecast period: 2022-2029
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: Material, Technology, Application, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Material
- Ethylene Vinyl Acetate
- Non-ethylene Vinyl Acetate
- UV Curable Resin
- Others
By Technology
- Polycrystalline Silicon Solar
- Cadmium Telluride
- Copper Indium Gallium Selenide
- Amorphous Silicon
By Application
- Construction
- Electronics
- Automotive
- Others
By Regions:
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
- 1.2.1. Solar Encapsulation Market, by Region, 2019-2029 (USD Billion)
- 1.2.2. Solar Encapsulation Market, by Material, 2019-2029 (USD Billion)
- 1.2.3. Solar Encapsulation Market, by Technology, 2019-2029 (USD Billion)
- 1.2.4. Solar Encapsulation Market, by Application, 2019-2029 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Solar Encapsulation Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Solar Encapsulation Market Dynamics
- 3.1. Solar Encapsulation Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
- 3.1.1.1. Rising demand for electricity worldwide
- 3.1.1.2. Cost reduction potential of solar PV & development in PV technology
- 3.1.2. Market Challenges
- 3.1.2.1. High Cost of Solar Encapsulation
- 3.1.3. Market Opportunities
- 3.1.3.1. Emergence of organic solar technology & economical encapsulation techniques
- 3.1.3.2. Increasing demand for solar lights for road divider
Chapter 4. Global Solar Encapsulation Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. Industry Experts Prospective
- 4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
- 5.1. Assessment of the overall impact of COVID-19 on the industry
- 5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Solar Encapsulation Market, by Material
- 6.1. Market Snapshot
- 6.2. Global Solar Encapsulation Market by Material, Performance - Potential Analysis
- 6.3. Global Solar Encapsulation Market Estimates & Forecasts by Material 2019-2029 (USD Billion)
- 6.4. Solar Encapsulation Market, Sub Segment Analysis
- 6.4.1. Ethylene Vinyl Acetate
- 6.4.2. Non-ethylene Vinyl Acetate
- 6.4.3. UV Curable Resin
- 6.4.4. Others
Chapter 7. Global Solar Encapsulation Market, by Technology
- 7.1. Market Snapshot
- 7.2. Global Solar Encapsulation Market by Technology, Performance - Potential Analysis
- 7.3. Global Solar Encapsulation Market Estimates & Forecasts by Technology 2019-2029 (USD Billion)
- 7.4. Solar Encapsulation Market, Sub Segment Analysis
- 7.4.1. Polycrystalline Silicon Solar
- 7.4.2. Cadmium Telluride
- 7.4.3. Copper Indium Gallium Selenide
- 7.4.4. Amorphous Silicon
Chapter 8. Global Solar Encapsulation Market, by Application
- 8.1. Market Snapshot
- 8.2. Global Solar Encapsulation Market by Application, Performance - Potential Analysis
- 8.3. Global Solar Encapsulation Market Estimates & Forecasts by Application 2019-2029 (USD Billion)
- 8.4. Solar Encapsulation Market, Sub Segment Analysis
- 8.4.1. Construction
- 8.4.2. Electronics
- 8.4.3. Automotive
- 8.4.4. Others
Chapter 9. Global Solar Encapsulation Market, Regional Analysis
- 9.1. Solar Encapsulation Market, Regional Market Snapshot
- 9.2. North America Solar Encapsulation Market
- 9.2.1. U.S. Solar Encapsulation Market
- 9.2.1.1. Material breakdown estimates & forecasts, 2019-2029
- 9.2.1.2. Technology breakdown estimates & forecasts, 2019-2029
- 9.2.1.3. Application breakdown estimates & forecasts, 2019-2029
- 9.2.2. Canada Solar Encapsulation Market
- 9.3. Europe Solar Encapsulation Market Snapshot
- 9.3.1. U.K. Solar Encapsulation Market
- 9.3.2. Germany Solar Encapsulation Market
- 9.3.3. France Solar Encapsulation Market
- 9.3.4. Spain Solar Encapsulation Market
- 9.3.5. Italy Solar Encapsulation Market
- 9.3.6. Rest of Europe Solar Encapsulation Market
- 9.4. Asia-Pacific Solar Encapsulation Market Snapshot
- 9.4.1. China Solar Encapsulation Market
- 9.4.2. India Solar Encapsulation Market
- 9.4.3. Japan Solar Encapsulation Market
- 9.4.4. Australia Solar Encapsulation Market
- 9.4.5. South Korea Solar Encapsulation Market
- 9.4.6. Rest of Asia Pacific Solar Encapsulation Market
- 9.5. Latin America Solar Encapsulation Market Snapshot
- 9.5.1. Brazil Solar Encapsulation Market
- 9.5.2. Mexico Solar Encapsulation Market
- 9.5.3. Rest of Latin America Solar Encapsulation Market
- 9.6. Rest of The World Solar Encapsulation Market
Chapter 10. Competitive Intelligence
- 10.1. Top Market Strategies
- 10.2. Company Profiles
- 10.2.1. 3M Company
- 10.2.1.1. Key Information
- 10.2.1.2. Overview
- 10.2.1.3. Financial (Subject to Data Availability)
- 10.2.1.4. Product Summary
- 10.2.1.5. Recent Developments
- 10.2.2. AKCOME
- 10.2.3. STR Holding Inc.
- 10.2.4. Bridgestone Corporation
- 10.2.5. DNP solar
- 10.2.6. Dow Inc.
- 10.2.7. Dupont De Nemours Inc
- 10.2.8. First Solar
- 10.2.9. Hangzhou First PV Material Co. Ltd.
- 10.2.10. JGP Energy
Chapter 11. Research Process
- 11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
- 11.2. Research Attributes
- 11.3. Research Assumption