Jan 11, 2018   SOURCE: BusinessWire

Global Solar Encapsulation Market 2018-2022 by Material, Solar Module and Application - A $4.2 Billion Opportunity - Research and Markets

The "Global Solar Encapsulation Market by Material, Solar Module and Application" report has been added to ResearchAndMarkets.com's offering.

The global solar encapsulation industry was $915 million in 2015, and is projected to reach $4,231 million by 2022, growing at a CAGR of 23.1%.

The solar encapsulation market has witnessed major traction owing to increase in demand for PV solar modules. In addition, excellent mechanical and chemical properties such as durability and thermal resistivity have increased the demand for solar encapsulation material with application in various residential, non-residential, and utility sectors.

Based on materials, the demand for ethylene vinyl acetate (EVA) has increased owing to its excellent adhesive strength, elasticity, and toughness. In addition, the growth in demand for photovoltaic modules fuel the demand for EVA in cell encapsulation. Monocrystalline silicon solar modules majorly drive the solar encapsulation market owing to increase in solar rooftop installations. Moreover, R&Ds in thin film technologies such as cadmium telluride and copper indium gallium selenide (CIGS) are expected to boost the demand for solar encapsulations.

The construction sector has significantly increased the application of roof top and panel installation owing to its increased efficiency. Growth in demand for consumer electronics are expected to soar the demand for solar encapsulation market. however, degradation of solar modules coupled with volatile prices of raw materials are expected to hinder the market growth, but investment in R&Ds to develop efficient solar modules are anticipated to fuel the demand for encapsulation.

North America and Europe have significantly driven the solar encapsulation market owing to increase in PV installations. Furthermore, emerging economies such as China, Japan, and Africa have increased the demand for solar installations and solar capacities. In addition, India is also an emerging market for solar energy market, which is expected to significantly drive the solar encapsulation market.

Market Dynamics

Drivers

  • Increase in PV installations
  • Increase in Government Tariffs and Market Assisting Programs
  • Reduction in Solar Modules prices

Restraints

  • Degradation of EVA solar encapsulation materials

Opportunities

  • R&Ds in new solar encapsulation materials

Key Topics Covered:

Chapter: 1. Introduction

Chapter: 2. Executive Summary

Chapter: 3. Market Overview

Chapter: 4. Global Solar Encapsulation Market, by Material

Chapter: 5. Global Solar Encapsulation Market, by Solar Module

Chapter: 6. Global Solar Encapsulation Market, by Application

Chapter: 7. Global Solar Encapsulation Market, by Geography

Chapter: 8. Key Players

  • STR Holdings Inc
  • Solutia
  • Bridgestone
  • Dow Corning
  • DuPont
  • 3M
  • MITSUI
  • JGP Energy
  • Hangzhou First PV material Co. Ltd
  • AKCOME

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