Solar Encapsulation Materials Market Analysis

Solar Encapsulation Materials Market: Introduction

Solar encapsulation materials are used to offer adhesions between the top surfaces and rear surfaces of solar cells or solar photovolataics. Solar encapsulation materials are stable at elevated temperatures and high UV exposures, owing to their high thermal resistivity and great durability. Solar encapsulates are manufactured from various materials such as ethylene vinyl acetate, polyvinyl butyral, polydimethylsiloxane, ionomer, thermoplastic polyurethane, and polyolefin. Generally, solar encapsulation materials are available in the form of sheets. Solar encapsulation material sheets are sandwiched in between the top and rear surface, and then they are polymerized by heating them up to 150 to 160^O C till the solar encapsulation material forms a bond with the PV module. Ethylene vinyl acetate is the most commonly used solar encapsulations material.     

Solar Encapsulation Materials Market: Dynamics

Over the years, the world has experienced momentous population growth and rising urbanization. Increased population combined with surging urbanization is constantly boosting the demand for energy generation and storage. The urgency to boost energy generation in order to meet current and future energy demands has led to the exploration of numerous renewable energy resources. Increased exploration of renewable energy resources has boosted the adoption of solar energy. The growing demand for solar energy and solar photovoltaic modules will drive the growth of the solar encapsulation materials market. The demand for roof top photovoltaic solar panels has increased, owing to market-supporting solar energy programs, coupled with an increase in the demand for alternative green renewable sources of energy. This will positively impact the growth of the solar encapsulation materials market. Excellent physical and chemical properties such as high durability and thermal resistivity will elevate the demand for solar encapsulation materials. Increasing government initiatives combined with market-supporting programs have boosted the demand for solar energy as an effective and alternate solution to reduce carbon footprint. Along with this, the demand for PV installations in residential and commercial buildings has gained a lot of attraction, which is anticipated to create potential growth opportunities for the solar encapsulation materials market. Increasing R&D activities for enhancing the efficacy and durability of solar cells will positively impact the growth of the solar encapsulation materials market.  The important challenge in the solar encapsulation materials market is to maintain uniformity and necessary cross-linking or curing levels to safeguard strong adhesion and stable laminates.   

Solar Encapsulation Materials Market: Segmentation

The global solar encapsulation materials market can be segmented on the basis of material type, semiconductor technology, and end use: 

By Material Type:

• Ethylene Vinyl Acetate (EVA)

• Non-EVA

• Polyvinyl Butyral (PVB)

• Polydimethylsiloxane (PDMS)

• Ionomer

• Thermoplastic Polyurethane (TPU)

• Polyolefin

By Semiconductor Technology:

• Crystalline

• Single Crystalline

• Poly Crystalline

• Thin Film Amorphous

• Cadmium Telluride (CdTe)

• Copper Indium Gallium Selenide (CIGS)

• Amorphous Silicon (a-Si)

By End Use:

• Electronics

• Construction

• Automotive

 Solar Encapsulation Materials Market: Regional Outlook

Emerging economies such as India and China have increased the production of solar technology devices due to increasing governmental initiatives and rising demand for alternative energy solutions. The growing construction industry coupled with the increasing adoption of solar photovoltaics is estimated to make Asia Pacific a promising market for solar encapsulation materials. Increasing regulations regarding conventional energy sources in developed economies such as North America and Europe have increased the demand for green renewable energy technologies. The increased installation of solar photovoltaics on the roof tops of commercial and residential buildings will make North America and Europe prominent markets for solar encapsulation materials. The increasing demand for continuous and uninterrupted energy supply due to irregular electricity networks, along with increasing government initiatives is expected to make LAMEA a high potential market for solar encapsulation materials.    

Solar Encapsulation Materials Market: Key Participants 

Examples of some of the market participants operating in the global solar encapsulation materials market are Targray Technology International Inc., KURARAY EUROPE GMBH, 3M Renewable Energy, ACC Silicones, Akcome Film & Applied New Materials, Aeonian Photovoltaic, Arkema, Brij Encapsulants, C. I. Kasei Company, Dongke Energy, and Dilong PV, among others. 

The solar encapsulation materials market research report presents a comprehensive assessment of the market, and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The solar encapsulation materials market research report provides analysis and information according to market segments such as geography, material type, semiconductor technology, and end use. 

The report covers exhaustive analysis on:

• Market Segments

• Market Dynamics

• Market Size

• Supply & Demand Scenario

• Current Trends/Issues/Challenges in the Solar Encapsulation Materials Market

• Competition & Companies Involved

• Technology Used in the Solar Encapsulation Materials Market

• Value Chain of the Solar Encapsulation Materials Market

Regional analysis includes:

• North America (U.S., Canada)

• Latin America (Mexico, Brazil, Argentina, Chile, Peru)

• Western Europe (Germany, Italy, France, U.K., Spain, BENELUX, Nordics)

• Eastern Europe (Russia, Poland, CIS)

• Asia-Pacific (China, India, ASEAN, South Korea)

• Japan

• Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)

The solar encapsulation materials market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The report also maps the qualitative impact of various market factors on market segments and geographies. 

Report Highlights:

• Detailed overview of parent market

• Changing market dynamics in the industry

• In-depth market segmentation

• Historical, current, and projected market size in terms of volume and value

• Recent industry trends and developments

• Competitive landscape of the solar encapsulation materials market

• Strategies of key players and products offered in market

• Potential and niche segments, geographical regions exhibiting promising growth

• A neutral perspective on market performance

• Must-have information for market players to sustain and enhance their market footprint

NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Future Market Insights.