Solar Encapsulant Market Size, Shares, Industry Trends and Demand Forecast to 2023

The global solar encapsulant market is projected to reach $4,555.4 million by 2023, registering a CAGR of 28.4% during the forecast period. The market growth is mainly driven by the growing application of solar encapsulating materials in the construction, automotive, and electronics industries.

Solar encapsulant is a thin-film sheet that is used as a protecting material in a solar panel or module. The sheet protects the solar panel from corrosion, dust, adverse weather conditions, and delamination.

Based on technology, the solar encapsulant market is categorized into crystalline silicon solar technology and thin-film solar technology. The thin-film solar technology is further divided into cadmium telluride (CdTe), copper indium gallium selenide (CIGS), and amorphous silicon (a-Si).

On the basis of material, the solar encapsulant market is categorized into ethylene vinyl acetate (EVA), polyvinyl butyral (PVB), polyolefin elastomer, and others. Other materials include thermoplastic polyurethane (TPU), polydimethylsiloxane (PDMS), and ionomers. During the forecast period, the market is expected to witness the highest growth in terms of volume in the PVB material type.

APAC is expected to continue being the largest and fastest-growing solar encapsulant market in the coming years. In recent years, the region has witnessed a significant increase in the number of solar cell production units because of the shift of module manufacturers from Europe to China.

Request sample copy of report here :  https://www.psmarketresearch.com/market-analysis/solar-encapsulation-market/report-sample

Some of the major players operating in the global solar encapsulant market are Hangzhou First Applied Material Co. Ltd., Changzhou Sveck Technology Co. Ltd. (Sveck), RenewSys India Pvt. Ltd. (RIPL), STR Holdings Inc., and Encapsulantes de Valor Añadido S.A. (EVASA), E.I. du Pont de Nemours and Company, Jiangsu Akcome Science & Technology Co. Ltd., Saint-Gobain S.A., ISOVOLTAIC AG, Eastman Chemical Company, Bridgestone Corporation, Mitsui Chemicals Inc., and 3M Company.

Sponsor Ads

• Ad Space Available - Rent it Now!

Report this Page

Created on Feb 5th 2019 05:35. Viewed 411 times.

Share on APSense

Comments