Product Code: MRFR/E&P/8941-CR
Market Overview
Solar Encapsulation Market is anticipated to register a healthy CAGR of 14.6% during the review period. Solar encapsulation is a most common way of encasing photovoltaic (PV) solar cells inside defensive materials to upgrade their strength, execution, and life span. Solar cells are presented to different natural circumstances, including dampness, temperature vacillations, UV radiation, and mechanical anxieties. Encapsulation expects to shield the solar cells from these components and keep up with their effectiveness after some time.
Worldwide interest for energy is ascending as total populace is yet expanding. Created nations keep on consuming immense measures of energy while request is expanding in non-industrial nations. The total populace in 2020 of 7.8 billion is projected to increment by 1 billion over the course of the following 10 years and reach 9.6 billion by 2050, as per an UN report. Somewhere in the range of 2005 and 2030, energy needs are projected to grow by 55%, with request expanding from 11.4 billion tons of oil comparable to 17.7 billion. The energy utilization is supposed to increment by 50%, with the main part of the interest coming from agricultural nations. As power is one of the fundamental sources to fulfill the developing need for energy and as the ozone depleting substance discharges are managed to safeguard the environment, the requirement for power from sustainable sources are supposed to rise. Likewise, more grounded approaches and raised environment objectives driving into COP26 are driving greater power from perfect and inexhaustible sources. Moreover, Solar PV stays the force to be reckoned with of development in sustainable power, with its ability increments conjecture to increment by 17% in 2021 to another record of just about 160 GW.
Market Segment Insights
Based on technology the Solar Encapsulation Market is classified into thin film solar and polycrystalline silicon solar.
In terms of material, the market is classified as ethylene vinyl acetate, ionomers, polydimethylsiloxane, polyvinyl butyral, thermoplastic polyurethane, and polyolefin.
The Solar Encapsulation Market segmentation, based on material, the market is segmented as automotive, electronics, construction, and others.
Regional Insights
The sizable solar encapsulation industry in Asia-Pacific is probably going to make the region the biggest extending worldwide market for solar encapsulation. In the APAC region, the solar encapsulation market is anticipated to have sound development over the estimate period. Ascend in solar module creation limit of key makers in China and India, the huge ascent in solar innovation creation in China and India, government sponsorships, expanded acquisitions and consolidations by nearby makers, increased creation of financially savvy ethylene vinyl acetic acid derivation movies and applications in solar PV modules in China, rising sustainable power needs, and developing mindfulness about the various advantages of PV innovation in the nations of the region are adding to the solar encapsulation market development in the region.
Major Player
Some of the key players operating in the market are 3M (U.S.), DuPont (U.S.), Dow Inc. (U.S.), Arkema (France), RenewSys (India), Solutia (U.S.), Specialized Technology Resources (U.S), Mitsui Chemicals (Japan), Hangzhou First Applied Material (China), Kuraray (Austria), Hanwha (Japan), Borealis (Netherland), Targray (South Korea), and dnpSolar (Canada).
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY
- 1.1 MARKET ATTRACTIVENESS ANALYSIS
- 1.1.1 GLOBAL SOLAR ENCAPSULATION MARKET, BY TECHNOLOGY
- 1.1.2 GLOBAL SOLAR ENCAPSULATION MARKET, BY MATERIAL
- 1.1.3 GLOBAL SOLAR ENCAPSULATION MARKET, BY END USE
- 1.1.4 GLOBAL SOLAR ENCAPSULATION MARKET, BY REGION
2 MARKET INTRODUCTION
- 2.1 DEFINITION
- 2.2 SCOPE OF THE STUDY
- 2.3 MARKET STRUCTURE
3 RESEARCH METHODOLOGY
- 3.1 RESEARCH PROCESS
- 3.2 PRIMARY RESEARCH
- 3.3 SECONDARY RESEARCH
- 3.4 MARKET SIZE ESTIMATION
- 3.5 TOP DOWN & BOTTOM UP APPROACH
- 3.6 FORECAST MODEL
- 3.7 LIST OF ASSUMPTIONS
4 MARKET INSIGHTS
5 MARKET DYNAMICS
- 5.1 INTRODUCTION
- 5.2 DRIVERS
- 5.2.1 INCREASING DEMAND FOR ELECTRICITY GENERATED FROM RENEWABLE SOURCES
- 5.2.2 INCREASING GOVERNMENT INITIATIVES AND STRINGENT ENVIRONMENT REGULATIONS
- 5.2.3 DRIVERS IMPACT ANALYSIS
- 5.3 RESTRAINTS
- 5.3.1 FLUCTUATIONS IN RAW MATERIAL PRICES
- 5.3.2 RESTRAINTS IMPACT ANALYSIS
- 5.4 OPPORTUNITIES
- 5.4.1 GROWING ADOPTION OF OFF-GRID SOLAR EQUIPMENT
- 5.5 IMPACT ANALYSIS OF COVID-19 ON SOLAR ENCAPSULATION MARKET
- 5.5.1 IMPACT ON OVERALL RENEWABLE ENERGY INDUSTRY
- 5.5.2 IMPACT ON SOLAR ENCAPSULATION MARKET
- 5.5.3 IMPACT ON SUPPLY CHAIN OF SOLAR ENCAPSULATION MARKET
- 5.5.3.1 PRICE VARIATION OF KEY RAW MATERIALS
- 5.5.3.2 PRODUCTION SHUTDOWN
- 5.6 IMPACT ON PRICING OF SOLAR ENCAPSULATION
6 MARKET FACTOR ANALYSIS
- 6.1 SUPPLY/VALUE CHAIN ANALYSIS
- 6.1.1 RESEARCH & DEVELOPMENT
- 6.1.2 RAW MATERIAL SUPPLIERS
- 6.1.3 MANUFACTURING
- 6.1.4 THIRD PARTY PROCUREMENT AGENTS/TRADERS BROKERS
- 6.1.5 END CONSUMERS/ INDUSTRIES
- 6.2 PORTER'S FIVE FORCES MODEL
- 6.2.1 THREAT OF NEW ENTRANTS
- 6.2.2 BARGAINING POWER OF SUPPLIERS
- 6.2.3 BARGAINING POWER OF BUYERS
- 6.2.4 THREAT OF SUBSTITUTES
- 6.2.5 INTENSITY OF RIVALRY
7 GLOBAL SOLAR ENCAPSULATION MARKET, BY TECHNOLOGY
- 7.1 OVERVIEW
- 7.2 THIN FILM SOLAR
- 7.2.1 THIN FILM SOLAR: MARKET ESTIMATES & FORECAST, BY REGION/COUNTRY,-2027
- 7.3 POLYCRYSTALLINE SILICON SOLAR
- 7.3.1 POLYCRYSTALLINE SILICON SOLAR: MARKET ESTIMATES & FORECAST BY REGION/COUNTRY,-2027
8 GLOBAL SOLAR ENCAPSULATION MARKET, BY MATERIAL
- 8.1 OVERVIEW
- 8.2 ETHYLENE VINYL ACETATE
- 8.2.1 ETHYLENE VINYL ACETATE: MARKET ESTIMATES & FORECAST BY REGION/COUNTRY,-2027
- 8.3 IONOMERS
- 8.3.1 IONOMERS: MARKET ESTIMATES & FORECAST BY REGION/COUNTRY,-2027
- 8.4 POLYDIMETHYLSILOXANE
- 8.4.1 POLYDIMETHYLSILOXANE: MARKET ESTIMATES & FORECAST BY REGION/COUNTRY,-2027
- 8.5 POLYVINYL BUTYRAL
- 8.5.1 POLYVINYL BUTYRAL: MARKET ESTIMATES & FORECAST BY REGION/COUNTRY,-2027
- 8.6 THERMOPLASTIC POLYURETHANE (TPU)
- 8.6.1 THERMOPLASTIC POLYURETHANE (TPU): MARKET ESTIMATES & FORECAST BY REGION/COUNTRY,-2027
- 8.7 POLYOLEFIN
- 8.7.1 POLYOLEFIN: MARKET ESTIMATES & FORECAST BY REGION/COUNTRY,-2027
9 GLOBAL SOLAR ENCAPSULATION MARKET, BY END USE
- 9.1 OVERVIEW
- 9.2 AUTOMOTIVE
- 9.2.1 AUTOMOTIVE: MARKET ESTIMATES & FORECAST BY REGION/COUNTRY,-2027
- 9.3 ELECTRONICS
- 9.3.1 ELECTRONICS: MARKET ESTIMATES & FORECAST BY REGION/COUNTRY,-2027
- 9.4 CONSTRUCTION
- 9.4.1 CONSTRUCTION: MARKET ESTIMATES & FORECAST BY REGION/COUNTRY,-2027
- 9.5 OTHERS
- 9.5.1 OTHERS: MARKET ESTIMATES & FORECAST BY REGION/COUNTRY,-2027
10 GLOBAL SOLAR ENCAPSULATION MARKET, BY REGION
- 10.1 OVERVIEW
- 10.2 NORTH AMERICA
- 10.2.1 U.S.
- 10.2.2 CANADA
- 10.2.3 MEXICO
- 10.3 EUROPE
- 10.3.1 GERMANY
- 10.3.2 U.K.
- 10.3.3 FRANCE
- 10.3.4 ITALY
- 10.3.5 REST OF EUROPE
- 10.4 ASIA PACIFIC
- 10.4.1 CHINA
- 10.4.2 JAPAN
- 10.4.3 INDIA
- 10.4.4 AUSTRALIA
- 10.4.5 REST OF ASIA PACIFIC
- 10.5 SOUTH AMERICA
- 10.5.1 BRAZIL
- 10.5.2 ARGENTINA
- 10.5.3 REST OF SOUTH AMERICA
- 10.6 MIDDLE EAST & AFRICA
- 10.6.1 SAUDI ARABIA
- 10.6.2 UAE
- 10.6.3 SOUTH AFRICA
- 10.6.4 REST OF MIDDLE EAST & AFRICA
11 COMPETITIVE LANDSCAPE
- 11.1 OVERVIEW
- 11.2 MARKET SHARE ANALYSIS
- 11.3 KEY DEVELOPMENTS & GROWTH STRATEGIES
- 11.3.1 NEW PRODUCT LAUNCH/SERVICE DEPLOYMENT
- 11.3.2 EXPANSION&INVESTMENT
12 COMPANY PROFILES
- 12.1 THEM COMPANY
- 12.1.1 COMPANY OVERVIEW
- 12.1.2 FINANCIAL OVERVIEW
- 12.1.3 PRODUCTS OFFERINGS
- 12.1.4 SWOT ANALYSIS
- 12.1.5 KEY STRATEGIES
- 12.2 DOW INC.
- 12.2.1 COMPANY OVERVIEW
- 12.2.2 FINANCIAL OVERVIEW
- 12.2.3 PRODUCTS OFFERINGS
- 12.2.4 SWOT ANALYSIS
- 12.2.5 KEY STRATEGIES
- 12.3 DUPONT DE NEMOURS, INC.
- 12.3.1 COMPANY OVERVIEW
- 12.3.2 FINANCIAL OVERVIEW
- 12.3.3 PRODUCTS OFFERINGS
- 12.3.4 SWOT ANALYSIS
- 12.3.5 KEY STRATEGIES
- 12.4 ARKEMA S.A.
- 12.4.1 COMPANY OVERVIEW
- 12.4.2 FINANCIAL OVERVIEW
- 12.4.3 PRODUCTS OFFERINGS
- 12.4.4 SWOT ANALYSIS
- 12.4.5 KEY STRATEGIES
- 12.5 STR HOLDINGS, INC.
- 12.5.1 COMPANY OVERVIEW
- 12.5.2 FINANCIAL OVERVIEW
- 12.5.3 PRODUCTS OFFERINGS
- 12.5.4 SWOT ANALYSIS
- 12.5.5 KEY STRATEGIES
- 12.6 RENEWSYS INDIA PVT. LTD.
- 12.6.1 COMPANY OVERVIEW
- 12.6.2 PRODUCTS OFFERINGS
- 12.6.3 KEY DEVELOPMENTS
- 12.6.4 KEY STRATEGIES
- 12.7 SOLUTIA INC.
- 12.7.1 COMPANY OVERVIEW
- 12.7.2 PRODUCTS OFFERINGS
- 12.7.3 KEY STRATEGIES
- 12.8 MITSUI CHEMICALS, INC.
- 12.8.1 COMPANY OVERVIEW
- 12.8.2 PRODUCTS OFFERINGS
- 12.8.3 KEY STRATEGIES
- 12.9 HANGZHOU FIRST APPLIED MATERIAL CO. LTD.
- 12.9.1 COMPANY OVERVIEW
- 12.9.2 PRODUCTS OFFERINGS
- 12.9.3 KEY STRATEGIES
- 12.10 THE COMPOUND COMPANY BV
- 12.10.1 COMPANY OVERVIEW
- 12.10.2 PRODUCTS OFFERINGS
- 12.10.3 KEY STRATEGIES
- 12.11 BOREALIS AG
- 12.11.1 COMPANY OVERVIEW
- 12.11.2 FINANCIAL OVERVIEW
- 12.11.3 PRODUCTS OFFERINGS
- 12.11.4 KEY DEVELOPMENTS
- 12.12 KURARAY CO., LTD
- 12.12.1 COMPANY OVERVIEW
- 12.12.2 FINANCIAL OVERVIEW
- 12.12.3 PRODUCTS OFFERINGS
- 12.13 HANWHA CORPORATION
- 12.13.1 COMPANY OVERVIEW
- 12.13.2 PRODUCTS OFFERINGS
- 12.13.3 KEY DEVELOPMENTS
- 12.14 TARGRAY TECHNOLOGY INTERNATIONAL INC.
- 12.14.1 COMPANY OVERVIEW
- 12.14.2 PRODUCTS OFFERINGS
- 12.15 DAI NIPPON PRINTING CO., LTD.
- 12.15.1 COMPANY OVERVIEW
- 12.15.2 FINANCIAL OVERVIEW
- 12.15.3 PRODUCTS OFFERINGS
13 APPENDIX