Encapsulants Material for PV Modules Market Revenue to Attain USD 3.71 Bn by 2033

23 Sep 2025

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Table of Content

1. Encapsulants Material for PV Modules Market Revenue and Trends 2025 to 2033 2. Key Factors Driving the Encapsulants Material for PV Modules Market 3. Segmental Analysis 4. Regional Analysis 5. Encapsulants Material for PV Modules  Market Coverage 6. Key Players in the Encapsulants Material for PV Modules Market

Encapsulants Material for PV Modules Market Revenue and Trends 2025 to 2033

The global encapsulants material for PV modules market revenue reached USD 2.31 billion in 2025 and is predicted to attain around USD 3.71 billion by 2033 with a CAGR of 6.07%. The encapsulants material for PV modules market is witnessing steady expansion, driven by rising solar installations, technological innovations, and growing demand for reliable, durable photovoltaic solutions

Key Factors Driving the Encapsulants Material for PV Modules Market

Encapsulant material for PV modules (photovoltaic modules) is protective layers that are designed to protect solar cells from environmental stresses, improve durability, and help improve energy efficiency. The global market for encapsulant materials is growing as solar power becomes more broadly adopted, following established clean energy targets and government incentives that promote clean and abatement energy generation.

As encapsulation materials evolve, the efficacy of modules is improving based on advancements in technology, as well as weight, price and transparency of films to facilitate higher demand. In addition, the demand for solar power is significantly advancing installations in residential, commercial and utility projects that accelerate demand for encapsulant material across emerging and developed economies.

Segmental Analysis

• By Material Type- EVA is prevalent because it possesses excellent adhesion, transparency, and proven longevity, which makes it the encapsulant of choice where reliability in solar module encapsulation is concerned.
• By Product Form-Films and sheets are predominant because they provide uniform coverage that is cost-effective and scalable, which enables mass adoption for PV module manufacturing at scale.
• By Curing / Processing- Peroxide cross-linked encapsulants are predominant due to their thermal stability, mechanical strength, and moisture resistance, which provide long-term reliability of the module in a variety of environmental conditions.
• By Application- Crystalline silicon is dominant because the encapsulants deliver efficiency, durability, and protection while also being aligned to the global trends of silicon based PV technology adoption. 
• By End-use Deployment- Utility-scale projects are leading in numbers and revenue growth due to the investments in solar farms, which will require durable encapsulants in order to maximize power output and minimize maintenance.

Regional Analysis

The Asia-Pacific's demand leadership is largely driven by increasing PV installations, volume and scale of module manufacturing in China, growing cell/module capacity in India and Southeast Asia, and deep utility-scale pipelines. High export flows and local policies propelling high-performance, long-life encapsulants, also advance demand for durability and performance specifications.

European demand is primarily driven by high-reliability, UV-stable encapsulants as a consequence of stringent quality standards, recycling and sustainability legislation and increased deployments of rooftop and utility systems. Constituents, anti-dumping measures, and certification measures, are driving buyers toward more traceable, higher performance materials and suppliers, which is increasing the demand for durable candidates instead of cheap imported materials to meet long-term environmental performance objectives.

Encapsulants Material for PV Modules  Market Coverage

Key Players in the Encapsulants Material for PV Modules Market

• Dow
• Eastman Chemical Company
• DuPont
• 3M
• Henkel
• Wacker Chemie
• Shin-Etsu Chemical
• Arkema
• Evonik Industries
• Solvay
• BASF
• Kuraray
• Toray Industries
• Sekisui Chemical
• Mitsubishi Chemical
• SKC Co., Ltd.
• Kolon Industries
• Covestro
• Huntsman Corporation
• STR Holdings

Recent Developments

• In February 2025, RenewSys Launched Advanced EVA Encapsulant to tackle the issues that affected lifespan of Solar Module.
  (Source: https://www.energetica-india.ne)

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