The encapsulant material for PV module market is anticipated to attain a valuation of USD 5.61 billion in 2024 which will soar to USD 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 | USD 5.61 billion |
| Projected Industry Value in 2034 | USD 12.00 billion |
| Value-based CAGR from 2024 to 2034 | 7.90% |
| Attributes | Details |
|---|---|
| Historical Value in 2019 | USD 3.93 billion |
| Market Value in 2023 | USD 5.20 billion |
| Market Estimated Size in 2024 | USD 5.61 billion |
| Projected Market Value in 2034 | USD 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:
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:
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.
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.
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% |
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.
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.
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.
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.
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 | Market Share in 2024 |
|---|---|
| Ethylene Vinyl Acetate (EVA) | 32.80% |
| Industrial | 42.60% |
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 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.
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
| Attribute | Details |
|---|---|
| Estimated Industry Size in 2024 | USD 5.61 billion |
| Projected Industry Valuation in 2034 | USD 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 USD 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 |
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
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
The Encapsulant material for PV module market is projected to hit at USD 5.61 billion by 2024.
The encapsulant material for PV module market is slated to incline at a 7.90% CAGR by 2034.
The Encapsulant material for PV module market is estimated to USD 12.00 billion by 2034.
India is expected to lead the market, experiencing an 11.80% CAGR through 2034.
The ethylene vinyl acetate (EVA) segment is projected to attain a market share of 32.80% through 2024.
Explore Similar Insights
Encapsulant Material for PV Module Market
Thank you!
You will receive an email from our Business Development Manager. Please be sure to check your SPAM/JUNK folder too.
