Solar Encapsulant Film Market Introduction

  • Solar encapsulant is a thin film sheet that protects solar cells or modules from external moisture, dust, and air. It provides optical and electrical transmissivity to solar modules. An emerging technology in the solar encapsulant market is the thin solar film cell technology. Photovoltaic is an extensively used solar cell technology. It directly converts sunlight to electrical energy through a device called solar cell. Solar encapsulating materials are employed to provide a bond between the top and the back surfaces of the photovoltaic module from high temperature, moisture, and external stress. Demand for photovoltaic modules is increasing due to their benefits such as economic viability, environmental sustainability, and clean green energy.
  • The global solar encapsulant film market can be segmented based on material, technology, application, and region. In terms of material, the solar encapsulant film market can be classified into ethylene vinyl acetate (EVA), polyvinyl butyral (PVB), polyolefin elastomer, and others. The EVA segment is projected to expand at a rapid pace during the forecast period. EVA provides superior elasticity, toughness, and adhesive strength, and protection against corrosion and delamination; therefore, it is extensively used for the production of solar cells.
  • Based on technology, the solar encapsulant film market can be categorized into silicon solar films and thin solar films. The thin solar film technology is further subdivided into cadmium telluride (CdTe), copper indium gallium selenide (CIGS), and amorphous silicon (a-Si). Mass production of solar cells is economical through the thin solar film cell technology. The thin solar film segment is projected to expand at a considerable pace during the forecast period. Increase in demand for solar cells is expected to drive the thin solar films segment during the forecast period. 
  • In terms of application, the solar encapsulant film market can be divided into automotive, construction, electronics, and others. The construction segment is projected to expand at a substantial pace during the forecast period. Construction is expected to be a major application of solar encapsulant films during the forecast period owing to the high demand for photovoltaic modules in residential and commercial sectors.

Key Drivers of Solar Encapsulant Film Market

  • Rise in demand for rooftop photovoltaic modules and increase in awareness about the advantages of solar cell technology are driving the solar encapsulant film market

Restraints of Solar Encapsulant Film Market

  • Despite the potential economic advantages associated with solar encapsulant films, there are several drawbacks that are projected to restrain the overall development of the global market. High production cost of building crystalline silicon solar modules has led to the need for cost-efficient solar module production technologies. Thus, manufacturers are focusing on developing inexpensive and improved technologies for solar module production.
  • Degradation of solar encapsulating material reduces its efficiency in protecting the solar module. Exposure of encapsulant materials, such as ethylene vinyl acetate and polyolefin elastomer, to moisture and corrosion results in browning and deterioration of these materials. Hence, degradation of solar encapsulating materials is likely to hinder the solar encapsulant film market.

COVID-19 impact on Solar Encapsulant Film Market

  • The COVID-19 outbreak is hampering the demand for solar encapsulant films in many applications. Governments of various countries across the globe have enforced lockdown measures to curb the spread of the disease. This has resulted in the slowdown and halt in manufacturing operations, restrictions on supply and transport, and infrastructure slowdown. In turn, this has led to a decline in in demand for solar encapsulant films across the globe.
  • Key players operating in the solar encapsulant film market are primarily tier I and tier II manufacturers and suppliers. Manufacture and supply chain facilities of these manufacturers have spread across various countries in Asia Pacific, Europe, North America, Latin America, and Middle East & Africa. Many of these players have halted their production output over the last few months due to the COVID-19 pandemic. The pandemic has negatively impacted the demand and supply chain of these films.

Asia Pacific to be Rapidly Expanding Region of Global Solar Encapsulant Film Market

  • Based on region, the global solar encapsulant film market can be segmented into Asia Pacific, Europe, Latin America, North America, and Middle East & Africa. Asia Pacific is expected to continue to dominate the global solar encapsulant film market during the forecast period. Increase in population in the region is fueling the demand for residential and industrial construction in countries such as India and China.
  • Rise in efforts of solar material manufacturers to expand their solar production capacity is likely to boost the solar encapsulant film market in the region during the forecast period

Solar Encapsulant Film Market: Key Players

The global solar encapsulant film market is fragmented. Large numbers of companies operate at the global and regional level. Some of the major companies operating in solar encapsulant film market are:

  • Hangzhou Material Co. Ltd.
  • Changzhou Sveck Technology Co. Ltd.
  • Renewsys India Pvt. Ltd, STR Holdings Inc.
  • Encapsulantes de Valor Anadido S.A.
  • Jiangsu Akcome Science & Technology Co. Ltd.
  • Saint-Gobain S.A.
  • Isovoltaic AG.
  • Solutia
  • STR Holdings Inc.
  • DuPont

Solar Encapsulant Film Market: Research Scope

Solar Encapsulant Film Market, by Material

  • Ethylene Vinyl Acetate (EVA)
  • Polyvinyl Butyral (PVB)
  • Polyolefin Elastomer
  • Polydimethylsiloxane (PDMS)
  • Ionomer
  • Thermoplastic Polyurethane (TPU)

Solar Encapsulant Film Market, by Technology

  • Silicone Solar Films
  • Thin Solar Films
    • Cadmium Telluride (CdTe)
    • Copper Indium Gallium Selenide (CIGS)
    • Amorphous Silicon (a-Si)

Solar Encapsulant Film Market, by Application

  • Automotive
  • Construction
  • Electronics

Solar Encapsulant Film Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

This upcoming business intelligence report is intended to be a one-stop market research solution to guide organizations in taking timely and effective decisions for their business growth. The ongoing study is the culmination of our deep expertise on data science methods, combined with an unparalleled understanding of the external environment and analysis of the industries. Each of the reports by TMR aims at offering a detailed scrutiny of the value chain of our current and prospective customers, takes them from identifying value propositions, and subsequently assist their business executives to implement right strategies to create customer value. We believe that creating and sustaining the customer value is the key pivot on which business executives can create profits for their organizations and increase the market shares, continuously and with sustainability.

Each of our touchpoints through which we engage with the organization/enterprise during the primary research enables us to understand the internal environment it operates in and the ways in which the external environment influences its growth.

Always Evolving with Competition

Excellence is built into the DNA of TMR, and all our teams work collaboratively and committedly toward achieving that in whatever they do. From the very first interaction our teams of research analysts have with any interested market participant to the final preparation processes in each of our reports reflects a rigorous understanding of the dynamic industry environment that businesses operate in.

We relentlessly work to be a differentiator in whatever we do in the current era of hypercompetitive global environment. The result of our unceasing focus on excellence is reflected clearly in the insights and guidance we offer to our customers in order to empower them to create brand equity. Our simple yet very powerful underpinning for navigating the competition is to always keep evolving with changing business environments. Our close-kinit team of research analysts not only believe in this simple philosophy but also implement the same.

Constantly Innovating Our Research Methodologies and Models

We do not limit with any specific market research tool or one standard approach for obtaining or analyzing data. Undoubtedly, our report making process is ever-evolving to meet the customer needs and demands supported broadly by a vast knowledge of data science methods that we combine with business acumen our teams have built upon for several years. Evidently, our primary and secondary research data about customers and consumers have shown that we can go to any lengths to obtain them. This is followed by applying next-gen automation tools integrated with human judgement to clear the clutter, ascertain the most relevant and recent qualitative and quantitative insights, and package them in digestible chunks in our reports for our customers.

We Take Pride in No-One-Size-Fits-All Approach

Over the past several years, we have been conducting market intelligence studies across all industries for all types of organizations — big and small, profit and not-for-profit, and Fortune 500 and Unicorns, as we believe that a sound decision making must be based on no-one-size-fits-all approach. Without doubt, each of the organizations regardless of the industry they are in are affected differently by changes in political, economic, socio-culture, legal, ecological, and legal environments. The research models and the value chain analysis process that our analysts employ for conducting the study uphold this approach.

We look at myriad components of internal and external business environment affecting the growth strategies of organizations. Some of the broader aspects that we focus on are:

  • Our team of Analysts and Support Teams always strive to see the bigger picture in life cycle stages of any industry
  • The Teams focus on obtaining valuable insights into different models of competitive advantage while making an internal environment analysis
  • They keep on modifying the value chain analysis processes of organizations to understand on how customer value is created

Some areas of assessing market dynamics that are used in the research models and methodologies adopted by our analysts can be summarized as:

  • Corporate and business strategies underlying new brand positioning strategies
  • Mapping for strategic planning for business units
  • Various metrics for business portfolio analysis, including BCG matrix
  • Value chain analysis

These will help create and sustain competitive advantage for our prospects and current customers.

Key focus areas and agenda that underpin and catalyze our primary and secondary research initiatives and endeavors are:

  • What are some of the core competencies and distinctive competencies of new entrants and established players in the industry we are analyzing?
  • What are some of the branding opportunities that are emerging at a rapid pace?
  • What are the major competitive forces and elements of external environment shaping the industry life cycle stages of most organizations?
  • Why some competitive strategies are popular than others among leaders in a certain market?
  • What customer-based brand equity strategies companies have leveraged in a certain industry or set of related industries in a sector?
  • What are some of the key pricing strategies that companies in an industry are implementing for marketing their products internationally?
  • Identifying whether market-push or market-pull strategies are more relevant to a certain product or a service?

Disclaimer: This ongoing market research study is a meticulously planned activity where a broad array of factors and aspects that shape the marketing environment and industry are taken into account. However, keeping in mind the constantly changing nature of business dynamics and changing strategic intents, we are always actively making iterations and modifications in our approaches. As always, we are ready to tailor our insights and guidance to suit your requirements. Engage with us to know what more is there for your CXOs.

Enquiry Before Buying

TMR offers Enquiry Before Buying that help clients to get information on their business scenario required where syndicated solutions are not enough.

Enquiry Before Buying

Solar Encapsulant Films Market