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Encapsulant Material for PV Module Market Size and Forecast

The encapsulant material for PV module market is anticipated to attain a valuation of US$ 5.61 billion in 2024 which will soar to US$ 12.00 billion by the end of 2034, thriving at a CAGR of 7.90% during the forecast period.

The impact of solar energy policies and subsidies on market growth is projected to bring promising opportunity during the projected period. With the growing use of solar photovoltaic (PV) panels, there is a high need for encapsulants that protect PV modules from environmental conditions and assure long term durability.

Increased demand across end use industries such as automotive, renewable energy and electronics is anticipated to fuel the market growth. Technological advancements in encapsulant materials and production techniques to meet the altering needs of the end users.

Attributes Key Insights
Encapsulant material for PV module Industry Estimated Size in 2024 US$ 5.61 billion
Projected Industry Value in 2034 US$ 12.00 billion
Value-based CAGR from 2024 to 2034 7.90%

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Key Industry Trends and Highlights

  • Government subsidies and policies promoting renewable energy and solar power generation drive market growth.
  • Regulations on safety standards for PV modules, including fire resistance and environmental impact encapsulant material for PV module market growth.
  • Trade policies and import/export tariffs on encapsulant materials are likely to stay a challenge for the encapsulant material for PV module market playes.
  • Life cycle assessment (LCA) of encapsulant materials and their environmental impact the growth trajectory of the market.
  • The role of cost reduction and efficiency improvement in driving market adoption is likely to bring potential opportunities for the market growth.

2019 to 2023 Historical Analysis vs. 2024 to 2034 Industry Forecast Projections

Attributes Details
Historical Value in 2019 US$ 3.93 billion
Market Value in 2023 US$ 5.20 billion
Market Estimated Size in 2024 US$ 5.61 billion
Projected Market Value in 2034 US$ 12.00 billion

During the historical period, the encapsulant material for PV module market rose at a CAGR of 5.70%. This growth was a reflection of the following factors:

  • Growing demand across end use industries.
  • Latest technology innovations drive the market demand.
  • Growing shift towards renewable energy is likely to propel market growth.

The encapsulant material for PV module market is anticipated to thrive at a CAGR of 7.90% during the projected period. The factors driving the market growth during this period are:

  • Surging demand for sustainable materials.
  • Emerging demand from medical, packaging and aerospace sector.
  • Growing need for durable and versatile materials
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Encapsulant Material for PV Module Market Key Drivers

Growing Investments in Solar Projects and Increasing Focus on Sustainable Solutions Driving Demand

Rising investments in solar projects, including utility scale and distributed generating, help to expand the encapsulant materials industry. Investments in solar infrastructure boost demand for encapsulants, as developers seek dependable materials to safeguard PV modules and enhance energy output.

Growing environmental awareness and a focus on sustainable energy solutions are encouraging the use of eco friendly encapsulant materials that meet sustainability criteria. Manufacturers are reacting to this trend by creating encapsulants with a lower environmental effect and higher recyclability.

Challenges in the Encapsulant Material for PV Module Industry

Quality Control and Expensive Cost are Key Obstacle Stifling the Market Growth

Quality control is a major concern for the Encapsulant material for PV module market players due to its differences in raw materials, production procedures and environmental conditions. Maintaining its quality throughout the manufacturing process is a key challenge stifling the market growth.

Balancing the demand for high performance encapsulant materials with cost effectiveness is a problem for manufacturers and solar developers. While superior materials may provide greater durability and efficiency, they sometimes come at a higher cost, affecting total project economics. The influence of cost competitiveness on material selection decisions by solar panel manufacturers is likely to affect the market growth. Finding a balance between performance, reliability, and affordability is critical for the widespread use of encapsulant materials in the PV sector.

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Comparative View of Adjacent Industries

In the comparative view of adjacent industries, the encapsulant material for PV module industry exhibits a robust 7.90% CAGR from 2024 to 2034, while the encapsulant market at 8.7% CAGR from 2024 to 2034, and the PV module encapsulant film market to advance at 4.7% CAGR from 2023 to 2033.

This underscores the robust growth and promising trajectory of the encapsulant material for PV module industry in the coming years.

Encapsulant Material for PV Module Market:

Attributes Encapsulant Material for PV Module Market
CAGR from 2024 to 2034 7.90%
Key Trends Growing need for durable materials is a key trend further surging the demand for encapsulant material for PV module.
Opportunity Growing shift towards the use of sustainable materials brings promising opportunities for the market growth.

Encapsulant Market:

Attributes Encapsulant Market
CAGR from 2024 to 2034 8.7%
Key Trends Growing concern about the environment is driving the industry toward eco-friendly encapsulant materials that match with sustainability goals and legislation.
Opportunity The growing use of solar photovoltaic (PV) panels generates demand for encapsulants to preserve PV modules, which is fuelled by worldwide initiatives supporting renewable energy.

PV Module Encapsulant Film Market:

Attributes PV Module Encapsulant Film Market
CAGR from 2023 to 2033 4.7%
Key Trends Growing adoption for ethylene vinyl acetate (EVA) is an emerging trend propelling the market growth.
Opportunity Surging demand for ultra-clear encapsulant films is key opportunity driving the market.

Country-wise Insights

India leads the encapsulant material for PV module market with 11.80%, followed by China at 8.80%, Italy at 5.10%, the Canada at 4.80%, and United States at 4.40%, reflecting diverse global patterns and emerging market dynamics in the encapsulant material for PV module industry.

Countries Forecast CAGRs from 2024 to 2034
India 11.80%
China 8.80%
Italy 5.10%
Canada 4.80%
The United States 4.40%

Growing focus on Sustainable Energy Solutions keeping the India at the Top Spot

The encapsulant material for PV module market in India is rapidly expanding with a CAGR of 11.80% during the forecast period, owing to its ambitious renewable energy objectives and increased solar installations. With favorable government regulations and incentives, demand for high quality encapsulant materials to improve the reliability and efficiency of solar modules is increasing.

Technical developments and a greater emphasis on sustainable energy solutions are driving market growth. As India prioritizes clean energy programs, the market for encapsulant material for PV module is expected to rise steadily, creating attractive prospects for renewable energy producers and suppliers.

Thriving Electronics Manufacturing Industry Propelling the Encapsulant material for PV module Market in China

The encapsulant material for PV module market in China is anticipated to thrive at a CAGR of 8.80% over the projected period. China The encapsulant material for PV module market is powered by the enormous electronics manufacturing industry, which produces a diverse variety of items such as cellphones, laptops, and consumer electronics. Encapsulants shield electronic components from moisture, dust, and mechanical stress during production and use.

The increasing expansion of the solar energy sector increases the need for encapsulants, which are required for the production of solar PV modules. With aggressive renewable energy targets, the need for encapsulant materials in the solar industry is likely to rise.

High Adoption of Renewable Industry Drives the Encapsulant material for PV module Market in Italy

Italy is likely to flourish at a CAGR of 5.10% by the end of 2034. During the forecast period. The encapsulant material for PV module market in Italy, has great development potential, according to its dedication to renewable energy adoption. With favorable government incentives and a focus on sustainable development, Italy is experiencing significant investments in solar energy infrastructure.

The need for encapsulant materials is increasing as solar module makers look for long lasting, high performance solutions to improve photovoltaic system efficiency and lifetime. Its strategic geographical location and abundant sunshine availability increase the appeal of its PV business, establishing the nation as a major participant in the global solar energy scene.

Green Future Paves the Way for Canada Encapsulant Material for PV Nodule Market

Canada is expected to rise at a CAGR of 4.80% through 2034. The encapsulant material for PV module market in Canada is growing steadily, owing to its soaring solar energy industry. With increased expenditures in renewable energy and government measures supporting clean energy use, demand for encapsulant materials is increasing.

Advances in solar technology and increased environmental awareness are propelling the industry ahead. Companies in Canada encapsulant materials market are focused on innovation, sustainability, and product efficiency to satisfy the changing demands of the solar industry and capitalize on the opportunities given by shift to a greener energy future.

Solar Energy leads the United States Encapsulant Material for PV Module Market

The United States is projected to surge at a CAGR of 4.40% during the projection period. In the United States, the encapsulant material for PV module market is largely driven by its widespread application in the solar energy industry. With a rising emphasis on renewable energy sources, notably solar electricity, encapsulants are commonly used in the production of solar photovoltaic (PV) modules.

These encapsulants protect sensitive solar cells from environmental elements such as moisture, dust, and mechanical stress, assuring solar panels longevity and performance. The electronics and automotive sectors in the United States also add to the need for encapsulants, notably in the manufacture of electronic components and vehicle electronics.

Category-wise Insights

Category Market Share in 2024
Ethylene Vinyl Acetate (EVA) 32.80%
Industrial 42.60%

Sustainable Properties Leading the Way for Ethylene Vinyl Acetate (EVA) Segment

The ethylene vinyl acetate (EVA) segment is likely to dominate the encapsulant material for PV module market with a market share of 32.80% in 2024. Ethylene vinyl acetate (EVA) is the go to choice in the market owing to its flexibility, longevity and sustainable properties, propelling the segment growth.

Industrial Segment Leads the End Use Segment in the Encapsulant material for PV module Market

Industrial segment leads the end use segment in the encapsulant material for PV module market with a market share of 42.60% in 2024. This growth is a reflection of the surging industrial scale solar installations coupled with the increasing demand for reliable encapsulation solutions in order to improve the longevity and overall performance of photovoltaic modules.

Competitive Landscape

The competitive landscape for encapsulant material for PV module market is highly fragmented with leading players battling hard to retain their position in the market. Investing in research and development and latest innovations are key strategies for new entrants to compete in the encapsulant material market.

New entrants are also giving tough competition to the leading players in the encapsulant materials market. Leading players are also making strategic moves to win this competition by implementing strategies like mergers and acquisitions in the encapsulant market.

Recent Developments

  • In February 2024, Celanese Corporation, a worldwide specialty materials and chemical business, launched the iDose® TR by Glaukos Corporation, which uses Celanese's VitalDose® EVA to offer continuous medication release for the treatment of glaucoma.
  • In August 2023, the Qindu District of Xianyang City, Shanxi Province, conducted a grand signing ceremony for key projects in the district till 2023. During the conference, the yearly output of 80 million square meters of solar film project was successfully signed.

Key Coverage of Encapsulant material for PV module Market Report

  • Encapsulant material for PV module Market Size and Forecast
  • Growth Drivers of the Encapsulant Market
  • Global vs. Regional Market Trends for Encapsulant Materials
  • Competitive Landscape Analysis for PV Module Encapsulants
  • Market Share of Leading Encapsulant Material Suppliers
  • Investment Opportunities in the Encapsulant Materials Market
  • Strategies for Optimizing the Encapsulant Material Supply Chain

Report Scope

Attribute Details
Estimated Industry Size in 2024 US$ 5.61 billion
Projected Industry Valuation in 2034 US$ 12.00 billion
Value-based CAGR 2024 to 2034 7.90%
Forecast Period 2024 to 2034
Historical Data Available for 2019 to 2023
Industry Analysis Value in US$ billion
Key Regions Covered
  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South Asia and Pacific
  • East Asia
  • The Middle East & Africa
Key Industry Segments Covered
  • Material Type
  • End Use
  • Region
Key Countries Profiled
  • The United States
  • Canada
  • Mexico
  • Brazil
  • Chile
  • China
  • Japan
  • South Korea
  • India
  • ASEAN
  • Australia and New Zealand
  • Germany
  • Italy
  • France
  • The United Kingdom
  • Spain
  • BENELUX
  • NORDICS
  • Russia
  • Poland
  • Hungary
  • Balkan & Baltics
  • KSA
  • Other GCC Countries
  • Türkiye
  • South Africa
  • Other African Union
Key Companies Profiled
  • Expafol
  • Brentwood Plastics
  • Exxon Mobil
  • Dow
  • LyondellBasell
  • Celanese
  • Braskem
  • Mitsui Chemicals Inc.
  • Sumitomo Chemical Co
  • HIUV New Materials
  • Topray Solar
  • Betterial Film Technologies

Segmentation Analysis of the Encapsulant material for PV module Industry

By Material Type:

  • Ethylene Vinyl Acetate (EVA)
  • Polyvinyl Butyral (PVB)
  • Polyolefins (PO)
  • Silicones
  • Ethylene Ionomers
  • Others

By End Use:

  • Commercial
  • Industrial
  • Residential

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South Asia & Pacific
  • East Asia
  • The Middle East & Africa

Frequently Asked Questions

What is the anticipated value of the Encapsulant material for PV module Market in 2024?

The Encapsulant material for PV module market is projected to hit at US$ 5.61 billion by 2024.

What is the anticipated encapsulant material for PV module market forecast until 2034?

The encapsulant material for PV module market is slated to incline at a 7.90% CAGR by 2034.

What is the growth potential projected for the Encapsulant material for PV module Market by 2034?

The Encapsulant material for PV module market is estimated to US$ 12.00 billion by 2034.

Which country is expected to lead the Encapsulant material for PV module Market?

India is expected to lead the market, experiencing an 11.80% CAGR through 2034.

Which material type segment dominates the Encapsulant material for PV module domain?

The ethylene vinyl acetate (EVA) segment is projected to attain a market share of 32.80% through 2024.

Table of Content

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand Side Trends

    1.3. Supply Side Trends

    1.4. Technology Roadmap

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Key Market Trends

    3.1. Key Trends Impacting the Market

    3.2. Product Innovation / Development Trends

4. Key Success Factors

    4.1. Product Adoption / Usage Analysis

    4.2. Product USPs / Features

    4.3. Strategic Promotional Strategies

5. Global Market Demand Analysis 2019 to 2023 and Forecast, 2024 to 2034

    5.1. Historical Market Volume (Tons) Analysis, 2019 to 2023

    5.2. Current and Future Market Volume (Tons) Projections, 2024 to 2034

    5.3. Y-o-Y Growth Trend Analysis

6. Global Market - Pricing Analysis

    6.1. Regional Pricing Analysis By Material Type

    6.2. Global Average Pricing Analysis Benchmark

7. Global Market Demand (in Value or Size in US$ Million) Analysis 2019 to 2023 and Forecast, 2024 to 2034

    7.1. Historical Market Value (US$ Million) Analysis, 2019 to 2023

    7.2. Current and Future Market Value (US$ Million) Projections, 2024 to 2034

        7.2.1. Y-o-Y Growth Trend Analysis

        7.2.2. Absolute $ Opportunity Analysis

8. Market Background

    8.1. Macro-Economic Factors

        8.1.1. Global GDP Growth Outlook

        8.1.2. Global Chemical Industry Overview

        8.1.3. Manufacturing Value-Added

        8.1.4. Industry Value Added

        8.1.5. Parent Market Outlook

        8.1.6. Other Macro-Economic Factors

    8.2. Forecast Factors - Relevance & Impact

        8.2.1. Top Companies Historical Growth

        8.2.2. GDP Growth Forecast

        8.2.3. Manufacturing Industry Forecast

        8.2.4. Global Urbanization Growth Outlook

        8.2.5. End-use Industry Growth Outlook

        8.2.6. Other Forecast Factors

    8.3. Value Chain

        8.3.1. Product Manufacturers

        8.3.2. End Users

        8.3.3. Avg. Profitability Margins

    8.4. COVID-19 Crisis - Impact Assessment

        8.4.1. Current Statistics

        8.4.2. Short-Mid-Long Term Outlook

        8.4.3. Likely Rebound

    8.5. Market Dynamics

        8.5.1. Drivers

        8.5.2. Restraints

        8.5.3. Opportunity Analysis

    8.6. Global Supply Demand Analysis

    8.7. Key Regulations & Certifications

    8.8. Production Process Overview

    8.9. Trade Scenario

9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Material Type 

    9.1. Introduction / Key Findings

    9.2. Historical Market Size (US$ Million) and Volume Analysis By Material Type, 2019 to 2023

    9.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By Material Type, 2024 to 2034

        9.3.1. Ethylene Vinyl Acetate (EVA)

        9.3.2. Polyvinyl Butyral (PVB)

        9.3.3. Polyolefins (PO)

        9.3.4. Silicones

        9.3.5. Ethylene Ionomers

        9.3.6. Others

    9.4. Market Attractiveness Analysis By Material Type

10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End Use

    10.1. Introduction / Key Findings

    10.2. Historical Market Size (US$ Million) and Volume Analysis By End Use, 2019 to 2023

    10.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By End Use, 2024 to 2034

        10.3.1. Commerical

        10.3.2. Industrial

        10.3.3. Residential

    10.4. Market Attractiveness Analysis By End Use

11. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region

    11.1. Introduction

    11.2. Historical Market Size (US$ Million) and Volume Analysis By Region, 2019 to 2023

    11.3. Current Market Size (US$ Million) and Volume Analysis and Forecast By Region, 2024 to 2034

        11.3.1. North America

        11.3.2. Latin America

        11.3.3. East Asia

        11.3.4. South Asia Pacific

        11.3.5. Western Europe

        11.3.6. Eastern Europe

        11.3.7. Middle East and Africa (MEA)

    11.4. Market Attractiveness Analysis By Region

12. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034

    12.1. Introduction

    12.2. Pricing Analysis

    12.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023

    12.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2024 to 2034

        12.4.1. By Country

            12.4.1.1. USA

            12.4.1.2. Canada

            12.4.1.3. Mexico

        12.4.2. By Material Type

        12.4.3. By End Use

    12.5. Market Attractiveness Analysis

        12.5.1. By Country

        12.5.2. By Material Type

        12.5.3. By End Use

13. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034

    13.1. Introduction

    13.2. Pricing Analysis

    13.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023

    13.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2024 to 2034

        13.4.1. By Country

            13.4.1.1. Brazil

            13.4.1.2. Chile

            13.4.1.3. Rest of Latin America

        13.4.2. By Material Type

        13.4.3. By End Use

    13.5. Market Attractiveness Analysis

        13.5.1. By Country

        13.5.2. By Material Type

        13.5.3. By End Use

14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034

    14.1. Introduction

    14.2. Pricing Analysis

    14.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023

    14.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2024 to 2034

        14.4.1. By Country

            14.4.1.1. China

            14.4.1.2. Japan

            14.4.1.3. South Korea

        14.4.2. By Material Type

        14.4.3. By End Use

    14.5. Market Attractiveness Analysis

        14.5.1. By Country

        14.5.2. By Material Type

        14.5.3. By End Use

15. South Asia Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034

    15.1. Introduction

    15.2. Pricing Analysis

    15.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023

    15.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2024 to 2034

        15.4.1. By Country

            15.4.1.1. India

            15.4.1.2. ASEAN

            15.4.1.3. ANZ

            15.4.1.4. Rest of SAP

        15.4.2. By Material Type

        15.4.3. By End Use

    15.5. Market Attractiveness Analysis

        15.5.1. By Country

        15.5.2. By Material Type

        15.5.3. By End Use

16. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034

    16.1. Introduction

    16.2. Pricing Analysis

    16.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023

    16.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2024 to 2034

        16.4.1. By Country

            16.4.1.1. Germany

            16.4.1.2. Italy

            16.4.1.3. France

            16.4.1.4. UK

            16.4.1.5. Spain

            16.4.1.6. BENELUX

            16.4.1.7. NORDICS

            16.4.1.8. Rest of W. Europe

        16.4.2. By Material Type

        16.4.3. By End Use

    16.5. Market Attractiveness Analysis

        16.5.1. By Country

        16.5.2. By Material Type

        16.5.3. By End Use

17. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034

    17.1. Introduction

    17.2. Pricing Analysis

    17.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023

    17.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2024 to 2034

        17.4.1. By Country

            17.4.1.1. Russia

            17.4.1.2. Poland

            17.4.1.3. Hungary

            17.4.1.4. Balkan & Baltics

            17.4.1.5. Rest of E. Europe

        17.4.2. By Material Type

        17.4.3. By End Use

    17.5. Market Attractiveness Analysis

        17.5.1. By Country

        17.5.2. By Material Type

        17.5.3. By End Use

18. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034

    18.1. Introduction

    18.2. Pricing Analysis

    18.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023

    18.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2024 to 2034

        18.4.1. By Country

            18.4.1.1. KSA

            18.4.1.2. Other GCC Countries

            18.4.1.3. Türkiye

            18.4.1.4. South Africa

            18.4.1.5. Other African Union

            18.4.1.6. Rest of MEA

        18.4.2. By Material Type

        18.4.3. By End Use

    18.5. Market Attractiveness Analysis

        18.5.1. By Country

        18.5.2. By Material Type

        18.5.3. By End Use

19. Country-wise Market Analysis 

    19.1. Introduction

        19.1.1. Market Value Proportion Analysis, By Key Countries

        19.1.2. Global Vs. Country Growth Comparison

    19.2. USA Market Analysis

        19.2.1. By Material Type

        19.2.2. By End Use

    19.3. Canada Market Analysis

        19.3.1. By Material Type

        19.3.2. By End Use

    19.4. Mexico Market Analysis

        19.4.1. By Material Type

        19.4.2. By End Use

    19.5. Brazil Market Analysis

        19.5.1. By Material Type

        19.5.2. By End Use

    19.6. Chile Market Analysis

        19.6.1. By Material Type

        19.6.2. By End Use

    19.7. China Market Analysis

        19.7.1. By Material Type

        19.7.2. By End Use

    19.8. Japan Market Analysis

        19.8.1. By Material Type

        19.8.2. By End Use

    19.9. South Korea Market Analysis

        19.9.1. By Material Type

        19.9.2. By End Use

    19.10. India Market Analysis

        19.10.1. By Material Type

        19.10.2. By End Use

    19.11. ASEAN Market Analysis

        19.11.1. By Material Type

        19.11.2. By End Use

    19.12. ANZ Market Analysis

        19.12.1. By Material Type

        19.12.2. By End Use

    19.13. Germany Market Analysis

        19.13.1. By Material Type

        19.13.2. By End Use

    19.14. Italy Market Analysis

        19.14.1. By Material Type

        19.14.2. By End Use

    19.15. France Market Analysis

        19.15.1. By Material Type

        19.15.2. By End Use

    19.16. UK Market Analysis

        19.16.1. By Material Type

        19.16.2. By End Use

    19.17. Spain Market Analysis

        19.17.1. By Material Type

        19.17.2. By End Use

    19.18. BENELUX Market Analysis

        19.18.1. By Material Type

        19.18.2. By End Use

    19.19. NORDICS Market Analysis

        19.19.1. By Material Type

        19.19.2. By End Use

    19.20. Russia Market Analysis

        19.20.1. By Material Type

        19.20.2. By End Use

    19.21. Poland Market Analysis

        19.21.1. By Material Type

        19.21.2. By End Use

    19.22. Hungary Market Analysis

        19.22.1. By Material Type

        19.22.2. By End Use

    19.23. Balkan & Baltics Market Analysis

        19.23.1. By Material Type

        19.23.2. By End Use

    19.24. KSA Market Analysis

        19.24.1. By Material Type

        19.24.2. By End Use

    19.25. Other GCC Countries Market Analysis

        19.25.1. By Material Type

        19.25.2. By End Use

    19.26. Türkiye Market Analysis

        19.26.1. By Material Type

        19.26.2. By End Use

    19.27. South Africa Market Analysis

        19.27.1. By Material Type

        19.27.2. By End Use

    19.28. Other African Union Market Analysis

        19.28.1. By Material Type

        19.28.2. By End Use

20. Market Structure Analysis

    20.1. Market Analysis by Tier of Companies

    20.2. Market Concentration

    20.3. Market Share Analysis of Top Players

    20.4. Production Capacity Analysis

    20.5. Market Presence Analysis

        20.5.1. By Product Footprint of Players

        20.5.2. By Regional Footprint of Players

        20.5.3. By Application Footprint of Players

21. Competition Analysis

    21.1. Competition Dashboard

    21.2. Competition Benchmarking

    21.3. Competition Deep Dive

        21.3.1. Expafol

            21.3.1.1. Overview

            21.3.1.2. Product Portfolio

            21.3.1.3. Profitability by Market Segments (Product/Channel/Region)

            21.3.1.4. Sales Footprint

            21.3.1.5. Strategy Overview

        21.3.2. Brentwood Plastics

        21.3.3. Exxon Mobil

        21.3.4. Dow

        21.3.5. LyondellBasell

        21.3.6. Celanese

        21.3.7. Braskem

        21.3.8. Mitsui Chemicals Inc

        21.3.9. Sumitomo Chemical Co

        21.3.10. HIUV New Materials

        21.3.11. Topray Solar

        21.3.12. Betterial Film Technologies

        21.3.13. Other Key Players

22. Primary Insights

23. Assumptions and Acronyms Used

24. Research Methodology

List of Tables

Table 1: Global Value (US$ Million) Forecast by Region, 2019 to 2034

Table 2: Global Volume (Tons) Forecast by Region, 2019 to 2034

Table 3: Global Value (US$ Million) Forecast by Material Type, 2019 to 2034

Table 4: Global Volume (Tons) Forecast by Material Type, 2019 to 2034

Table 5: Global Value (US$ Million) Forecast by End Use, 2019 to 2034

Table 6: Global Volume (Tons) Forecast by End Use, 2019 to 2034

Table 7: North America Value (US$ Million) Forecast by Country, 2019 to 2034

Table 8: North America Volume (Tons) Forecast by Country, 2019 to 2034

Table 9: North America Value (US$ Million) Forecast by Material Type, 2019 to 2034

Table 10: North America Volume (Tons) Forecast by Material Type, 2019 to 2034

Table 11: North America Value (US$ Million) Forecast by End Use, 2019 to 2034

Table 12: North America Volume (Tons) Forecast by End Use, 2019 to 2034

Table 13: Latin America Value (US$ Million) Forecast by Country, 2019 to 2034

Table 14: Latin America Volume (Tons) Forecast by Country, 2019 to 2034

Table 15: Latin America Value (US$ Million) Forecast by Material Type, 2019 to 2034

Table 16: Latin America Volume (Tons) Forecast by Material Type, 2019 to 2034

Table 17: Latin America Value (US$ Million) Forecast by End Use, 2019 to 2034

Table 18: Latin America Volume (Tons) Forecast by End Use, 2019 to 2034

Table 19: Western Europe Value (US$ Million) Forecast by Country, 2019 to 2034

Table 20: Western Europe Volume (Tons) Forecast by Country, 2019 to 2034

Table 21: Western Europe Value (US$ Million) Forecast by Material Type, 2019 to 2034

Table 22: Western Europe Volume (Tons) Forecast by Material Type, 2019 to 2034

Table 23: Western Europe Value (US$ Million) Forecast by End Use, 2019 to 2034

Table 24: Western Europe Volume (Tons) Forecast by End Use, 2019 to 2034

Table 25: Eastern Europe Value (US$ Million) Forecast by Country, 2019 to 2034

Table 26: Eastern Europe Volume (Tons) Forecast by Country, 2019 to 2034

Table 27: Eastern Europe Value (US$ Million) Forecast by Material Type, 2019 to 2034

Table 28: Eastern Europe Volume (Tons) Forecast by Material Type, 2019 to 2034

Table 29: Eastern Europe Value (US$ Million) Forecast by End Use, 2019 to 2034

Table 30: Eastern Europe Volume (Tons) Forecast by End Use, 2019 to 2034

Table 31: East Asia Value (US$ Million) Forecast by Country, 2019 to 2034

Table 32: East Asia Volume (Tons) Forecast by Country, 2019 to 2034

Table 33: East Asia Value (US$ Million) Forecast by Material Type, 2019 to 2034

Table 34: East Asia Volume (Tons) Forecast by Material Type, 2019 to 2034

Table 35: East Asia Value (US$ Million) Forecast by End Use, 2019 to 2034

Table 36: East Asia Volume (Tons) Forecast by End Use, 2019 to 2034

Table 37: South Asia Pacific Value (US$ Million) Forecast by Country, 2019 to 2034

Table 38: South Asia Pacific Volume (Tons) Forecast by Country, 2019 to 2034

Table 39: South Asia Pacific Value (US$ Million) Forecast by Material Type, 2019 to 2034

Table 40: South Asia Pacific Volume (Tons) Forecast by Material Type, 2019 to 2034

Table 41: South Asia Pacific Value (US$ Million) Forecast by End Use, 2019 to 2034

Table 42: South Asia Pacific Volume (Tons) Forecast by End Use, 2019 to 2034

Table 43: Middle East & Africa Value (US$ Million) Forecast by Country, 2019 to 2034

Table 44: Middle East & Africa Volume (Tons) Forecast by Country, 2019 to 2034

Table 45: Middle East & Africa Value (US$ Million) Forecast by Material Type, 2019 to 2034

Table 46: Middle East & Africa Volume (Tons) Forecast by Material Type, 2019 to 2034

Table 47: Middle East & Africa Value (US$ Million) Forecast by End Use, 2019 to 2034

Table 48: Middle East & Africa Volume (Tons) Forecast by End Use, 2019 to 2034

List of Charts

Figure 1: Global Value (US$ Million) by Material Type, 2024 to 2034

Figure 2: Global Value (US$ Million) by End Use, 2024 to 2034

Figure 3: Global Value (US$ Million) by Region, 2024 to 2034

Figure 4: Global Value (US$ Million) Analysis by Region, 2019 to 2034

Figure 5: Global Volume (Tons) Analysis by Region, 2019 to 2034

Figure 6: Global Value Share (%) and BPS Analysis by Region, 2024 to 2034

Figure 7: Global Y-o-Y Growth (%) Projections by Region, 2024 to 2034

Figure 8: Global Value (US$ Million) Analysis by Material Type, 2019 to 2034

Figure 9: Global Volume (Tons) Analysis by Material Type, 2019 to 2034

Figure 10: Global Value Share (%) and BPS Analysis by Material Type, 2024 to 2034

Figure 11: Global Y-o-Y Growth (%) Projections by Material Type, 2024 to 2034

Figure 12: Global Value (US$ Million) Analysis by End Use, 2019 to 2034

Figure 13: Global Volume (Tons) Analysis by End Use, 2019 to 2034

Figure 14: Global Value Share (%) and BPS Analysis by End Use, 2024 to 2034

Figure 15: Global Y-o-Y Growth (%) Projections by End Use, 2024 to 2034

Figure 16: Global Attractiveness by Material Type, 2024 to 2034

Figure 17: Global Attractiveness by End Use, 2024 to 2034

Figure 18: Global Attractiveness by Region, 2024 to 2034

Figure 19: North America Value (US$ Million) by Material Type, 2024 to 2034

Figure 20: North America Value (US$ Million) by End Use, 2024 to 2034

Figure 21: North America Value (US$ Million) by Country, 2024 to 2034

Figure 22: North America Value (US$ Million) Analysis by Country, 2019 to 2034

Figure 23: North America Volume (Tons) Analysis by Country, 2019 to 2034

Figure 24: North America Value Share (%) and BPS Analysis by Country, 2024 to 2034

Figure 25: North America Y-o-Y Growth (%) Projections by Country, 2024 to 2034

Figure 26: North America Value (US$ Million) Analysis by Material Type, 2019 to 2034

Figure 27: North America Volume (Tons) Analysis by Material Type, 2019 to 2034

Figure 28: North America Value Share (%) and BPS Analysis by Material Type, 2024 to 2034

Figure 29: North America Y-o-Y Growth (%) Projections by Material Type, 2024 to 2034

Figure 30: North America Value (US$ Million) Analysis by End Use, 2019 to 2034

Figure 31: North America Volume (Tons) Analysis by End Use, 2019 to 2034

Figure 32: North America Value Share (%) and BPS Analysis by End Use, 2024 to 2034

Figure 33: North America Y-o-Y Growth (%) Projections by End Use, 2024 to 2034

Figure 34: North America Attractiveness by Material Type, 2024 to 2034

Figure 35: North America Attractiveness by End Use, 2024 to 2034

Figure 36: North America Attractiveness by Country, 2024 to 2034

Figure 37: Latin America Value (US$ Million) by Material Type, 2024 to 2034

Figure 38: Latin America Value (US$ Million) by End Use, 2024 to 2034

Figure 39: Latin America Value (US$ Million) by Country, 2024 to 2034

Figure 40: Latin America Value (US$ Million) Analysis by Country, 2019 to 2034

Figure 41: Latin America Volume (Tons) Analysis by Country, 2019 to 2034

Figure 42: Latin America Value Share (%) and BPS Analysis by Country, 2024 to 2034

Figure 43: Latin America Y-o-Y Growth (%) Projections by Country, 2024 to 2034

Figure 44: Latin America Value (US$ Million) Analysis by Material Type, 2019 to 2034

Figure 45: Latin America Volume (Tons) Analysis by Material Type, 2019 to 2034

Figure 46: Latin America Value Share (%) and BPS Analysis by Material Type, 2024 to 2034

Figure 47: Latin America Y-o-Y Growth (%) Projections by Material Type, 2024 to 2034

Figure 48: Latin America Value (US$ Million) Analysis by End Use, 2019 to 2034

Figure 49: Latin America Volume (Tons) Analysis by End Use, 2019 to 2034

Figure 50: Latin America Value Share (%) and BPS Analysis by End Use, 2024 to 2034

Figure 51: Latin America Y-o-Y Growth (%) Projections by End Use, 2024 to 2034

Figure 52: Latin America Attractiveness by Material Type, 2024 to 2034

Figure 53: Latin America Attractiveness by End Use, 2024 to 2034

Figure 54: Latin America Attractiveness by Country, 2024 to 2034

Figure 55: Western Europe Value (US$ Million) by Material Type, 2024 to 2034

Figure 56: Western Europe Value (US$ Million) by End Use, 2024 to 2034

Figure 57: Western Europe Value (US$ Million) by Country, 2024 to 2034

Figure 58: Western Europe Value (US$ Million) Analysis by Country, 2019 to 2034

Figure 59: Western Europe Volume (Tons) Analysis by Country, 2019 to 2034

Figure 60: Western Europe Value Share (%) and BPS Analysis by Country, 2024 to 2034

Figure 61: Western Europe Y-o-Y Growth (%) Projections by Country, 2024 to 2034

Figure 62: Western Europe Value (US$ Million) Analysis by Material Type, 2019 to 2034

Figure 63: Western Europe Volume (Tons) Analysis by Material Type, 2019 to 2034

Figure 64: Western Europe Value Share (%) and BPS Analysis by Material Type, 2024 to 2034

Figure 65: Western Europe Y-o-Y Growth (%) Projections by Material Type, 2024 to 2034

Figure 66: Western Europe Value (US$ Million) Analysis by End Use, 2019 to 2034

Figure 67: Western Europe Volume (Tons) Analysis by End Use, 2019 to 2034

Figure 68: Western Europe Value Share (%) and BPS Analysis by End Use, 2024 to 2034

Figure 69: Western Europe Y-o-Y Growth (%) Projections by End Use, 2024 to 2034

Figure 70: Western Europe Attractiveness by Material Type, 2024 to 2034

Figure 71: Western Europe Attractiveness by End Use, 2024 to 2034

Figure 72: Western Europe Attractiveness by Country, 2024 to 2034

Figure 73: Eastern Europe Value (US$ Million) by Material Type, 2024 to 2034

Figure 74: Eastern Europe Value (US$ Million) by End Use, 2024 to 2034

Figure 75: Eastern Europe Value (US$ Million) by Country, 2024 to 2034

Figure 76: Eastern Europe Value (US$ Million) Analysis by Country, 2019 to 2034

Figure 77: Eastern Europe Volume (Tons) Analysis by Country, 2019 to 2034

Figure 78: Eastern Europe Value Share (%) and BPS Analysis by Country, 2024 to 2034

Figure 79: Eastern Europe Y-o-Y Growth (%) Projections by Country, 2024 to 2034

Figure 80: Eastern Europe Value (US$ Million) Analysis by Material Type, 2019 to 2034

Figure 81: Eastern Europe Volume (Tons) Analysis by Material Type, 2019 to 2034

Figure 82: Eastern Europe Value Share (%) and BPS Analysis by Material Type, 2024 to 2034

Figure 83: Eastern Europe Y-o-Y Growth (%) Projections by Material Type, 2024 to 2034

Figure 84: Eastern Europe Value (US$ Million) Analysis by End Use, 2019 to 2034

Figure 85: Eastern Europe Volume (Tons) Analysis by End Use, 2019 to 2034

Figure 86: Eastern Europe Value Share (%) and BPS Analysis by End Use, 2024 to 2034

Figure 87: Eastern Europe Y-o-Y Growth (%) Projections by End Use, 2024 to 2034

Figure 88: Eastern Europe Attractiveness by Material Type, 2024 to 2034

Figure 89: Eastern Europe Attractiveness by End Use, 2024 to 2034

Figure 90: Eastern Europe Attractiveness by Country, 2024 to 2034

Figure 91: East Asia Value (US$ Million) by Material Type, 2024 to 2034

Figure 92: East Asia Value (US$ Million) by End Use, 2024 to 2034

Figure 93: East Asia Value (US$ Million) by Country, 2024 to 2034

Figure 94: East Asia Value (US$ Million) Analysis by Country, 2019 to 2034

Figure 95: East Asia Volume (Tons) Analysis by Country, 2019 to 2034

Figure 96: East Asia Value Share (%) and BPS Analysis by Country, 2024 to 2034

Figure 97: East Asia Y-o-Y Growth (%) Projections by Country, 2024 to 2034

Figure 98: East Asia Value (US$ Million) Analysis by Material Type, 2019 to 2034

Figure 99: East Asia Volume (Tons) Analysis by Material Type, 2019 to 2034

Figure 100: East Asia Value Share (%) and BPS Analysis by Material Type, 2024 to 2034

Figure 101: East Asia Y-o-Y Growth (%) Projections by Material Type, 2024 to 2034

Figure 102: East Asia Value (US$ Million) Analysis by End Use, 2019 to 2034

Figure 103: East Asia Volume (Tons) Analysis by End Use, 2019 to 2034

Figure 104: East Asia Value Share (%) and BPS Analysis by End Use, 2024 to 2034

Figure 105: East Asia Y-o-Y Growth (%) Projections by End Use, 2024 to 2034

Figure 106: East Asia Attractiveness by Material Type, 2024 to 2034

Figure 107: East Asia Attractiveness by End Use, 2024 to 2034

Figure 108: East Asia Attractiveness by Country, 2024 to 2034

Figure 109: South Asia Pacific Value (US$ Million) by Material Type, 2024 to 2034

Figure 110: South Asia Pacific Value (US$ Million) by End Use, 2024 to 2034

Figure 111: South Asia Pacific Value (US$ Million) by Country, 2024 to 2034

Figure 112: South Asia Pacific Value (US$ Million) Analysis by Country, 2019 to 2034

Figure 113: South Asia Pacific Volume (Tons) Analysis by Country, 2019 to 2034

Figure 114: South Asia Pacific Value Share (%) and BPS Analysis by Country, 2024 to 2034

Figure 115: South Asia Pacific Y-o-Y Growth (%) Projections by Country, 2024 to 2034

Figure 116: South Asia Pacific Value (US$ Million) Analysis by Material Type, 2019 to 2034

Figure 117: South Asia Pacific Volume (Tons) Analysis by Material Type, 2019 to 2034

Figure 118: South Asia Pacific Value Share (%) and BPS Analysis by Material Type, 2024 to 2034

Figure 119: South Asia Pacific Y-o-Y Growth (%) Projections by Material Type, 2024 to 2034

Figure 120: South Asia Pacific Value (US$ Million) Analysis by End Use, 2019 to 2034

Figure 121: South Asia Pacific Volume (Tons) Analysis by End Use, 2019 to 2034

Figure 122: South Asia Pacific Value Share (%) and BPS Analysis by End Use, 2024 to 2034

Figure 123: South Asia Pacific Y-o-Y Growth (%) Projections by End Use, 2024 to 2034

Figure 124: South Asia Pacific Attractiveness by Material Type, 2024 to 2034

Figure 125: South Asia Pacific Attractiveness by End Use, 2024 to 2034

Figure 126: South Asia Pacific Attractiveness by Country, 2024 to 2034

Figure 127: Middle East & Africa Value (US$ Million) by Material Type, 2024 to 2034

Figure 128: Middle East & Africa Value (US$ Million) by End Use, 2024 to 2034

Figure 129: Middle East & Africa Value (US$ Million) by Country, 2024 to 2034

Figure 130: Middle East & Africa Value (US$ Million) Analysis by Country, 2019 to 2034

Figure 131: Middle East & Africa Volume (Tons) Analysis by Country, 2019 to 2034

Figure 132: Middle East & Africa Value Share (%) and BPS Analysis by Country, 2024 to 2034

Figure 133: Middle East & Africa Y-o-Y Growth (%) Projections by Country, 2024 to 2034

Figure 134: Middle East & Africa Value (US$ Million) Analysis by Material Type, 2019 to 2034

Figure 135: Middle East & Africa Volume (Tons) Analysis by Material Type, 2019 to 2034

Figure 136: Middle East & Africa Value Share (%) and BPS Analysis by Material Type, 2024 to 2034

Figure 137: Middle East & Africa Y-o-Y Growth (%) Projections by Material Type, 2024 to 2034

Figure 138: Middle East & Africa Value (US$ Million) Analysis by End Use, 2019 to 2034

Figure 139: Middle East & Africa Volume (Tons) Analysis by End Use, 2019 to 2034

Figure 140: Middle East & Africa Value Share (%) and BPS Analysis by End Use, 2024 to 2034

Figure 141: Middle East & Africa Y-o-Y Growth (%) Projections by End Use, 2024 to 2034

Figure 142: Middle East & Africa Attractiveness by Material Type, 2024 to 2034

Figure 143: Middle East & Africa Attractiveness by End Use, 2024 to 2034

Figure 144: Middle East & Africa Attractiveness by Country, 2024 to 2034

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