Solar Encapsulation Market Report 2026

Solar Encapsulation Market Overview

• Solar Encapsulation market size has reached to $5.19 billion in 2025 • Expected to grow to $13.22 billion in 2030 at a compound annual growth rate (CAGR) of 20.3% • Growth Driver: The Surge In Rooftop Photovoltaic Installations Boosts The Solar Encapsulation Market • Market Trend: Backsheets Redefine The Solar Industry • Asia-Pacific was the largest region in 2025.

What Is Covered Under Solar Encapsulation Market?

Solar encapsulation refers to a process that is used to protect solar panels and equipment against degradation. Encapsulation is an important part of the solar cell manufacturing process to protect solar panels and equipment against degradation due to various external and environmental factors. The solar encapsulation aids to increase the life of solar cells, reduce stability issues, and provide protection against ultraviolet (UV) radiation and corrosion, temperature changes, and low mechanical stress. The main types of materials used for solar encapsulation are non-ethylene vinyl acetate, UV curable resin, and other materials. The ethylene-vinyl acetate is a material that has good radiation transmission and low degradability to sunlight and is used in solar modules as an encapsulating agent. The solar module in solar encapsulation are polycrystalline silicon cells, cadmium telluride, amorphous silicon cells, and other solar modules and are used for applications in automotive, electronics, and other applications.

What Is The Solar Encapsulation Market Growth Forecast?

The solar encapsulation market size is expected to see exponential growth in the next few years. It will grow to $13.22 billion in 2030 at a compound annual growth rate (CAGR) of 20.3%. The growth in the forecast period can be attributed to rising demand for durable and long-lasting solar panels, increasing focus on efficiency of encapsulation materials, growth in automotive solar applications, expansion of electronics and consumer solar device usage, development of advanced resin and adhesive films for encapsulation. Major trends in the forecast period include advancements in ethylene vinyl acetate (eva) encapsulants, growth in uv curable resin usage, expansion of silicone-based and polyolefin-based encapsulants, rising adoption in automotive and electronics applications, development of thermoplastic polyurethane (tpu) and polyamide (pa) materials.

Global Solar Encapsulation Market Segmentation

1) By Material: Non-Ethylene Vinyl Acetate, Ultraviolet (UV) Curable Resin, Other Materials 2) By Solar Module: Polycrystalline Silicon Cells, Cadmium Telluride, Amorphous Silicon Cells, Other Solar Modules 3) By Application: Automotive, Electronics, Other Applications Subsegments: 1) By Non-Ethylene Vinyl Acetate: Polyolefin-Based Encapsulants, Silicone-Based Encapsulants 2) By Ultraviolet (UV) Curable Resin: Epoxy Resins, Polyurethane Resins 3) By Other Materials: Thermoplastic Polyurethane (TPU), Adhesive Films, Polyamide (PA)

What Is The Driver Of The Solar Encapsulation Market?

The rising rooftop PV installations are expected to propel the growth of the solar encapsulation market going forward. A PV system is an electric power system designed to supply usable solar power through photovoltaics (PV) and consists of an arrangement of components, including solar panels, to absorb and convert sunlight into electricity. Rooftop PV installation growth is driven by the shift toward renewable energy due to environmental concerns and the depletion of conventional energy sources. As more rooftop PV systems are installed, the need for solar encapsulation rises to ensure PV reliability and longevity, thereby supporting the market. For instance, in October 2025, according to the International Energy Agency (IEA), a France-based autonomous intergovernmental organization, power generation from solar PV increased by a record 320 TWh in 2023, up 25% compared with 2022. Therefore, rising rooftop PV installations is to driving the growth of the solar encapsulation industry.

Key Players In The Global Solar Encapsulation Market

Major companies operating in the solar encapsulation market report are Minnesota Mining and Manufacturing Company, Akcome Science and Technology Co. Ltd., STR Holding Inc., Dow Inc., Du Pont De Nemours and Company, Trosifol India Pvt. Ltd., First Solar Inc., Celanese Corporation, Eastman Chemical Company, Momentive Performance Materials Inc., Hangzhou First PV Material Co. Ltd., Changzhou Sveck Technology Co. Ltd., Coveme SpA, Encapsulantes de Valor Agregado S. A. de C. V., Eva SA, Folienwerk Wolfen GmbH, Guangzhou Baiyun Chemical Industry Co. Ltd., Henkel AG & Co. KGaA, Hiuv New Materials Co. Ltd., Isovoltaic AG, Jolywood Sunwatt Co. Ltd., Krempel GmbH, Kuraray Co. Ltd., Mitsui Chemicals Inc., Nippon Sheet Glass Co. Ltd., Renolit SE, Saint-Gobain SA, Sekisui Chemical Co. Ltd., Solutia Inc., Taiflex Scientific Co. Ltd., Toppan Printing Co. Ltd., Toray Industries Inc., UBE Industries Ltd., Wacker Chemie AG, Zhejiang Reisun Solar Energy Co. Ltd., PVB Interlayer Products Inc.

Global Solar Encapsulation Market Trends and Insights

Major companies operating in the solar encapsulation market are developing innovative products, such as backsheets, to enhance product offerings and gain a competitive advantage Backsheets are protective layers used in photovoltaic solar panels to shield the solar cells from environmental factors and provide electrical insulation. For instance, in August 2023, Alishan Green Energy Pvt. Ltd., an India based manufacturer of solar encapsulation film, launched BackPro backsheets. BackPro backsheets are advanced solar module components with proprietary coatings for enhanced performance, UV resistance, and exceptional mechanical strength. It consists of a wide variety of both fluoro and non-fluoro backsheets, with the ambition of reshaping the solar energy sector. They have the distinction of being the initial Indian producer of coated backsheets, positioning themselves as a comprehensive source for encapsulant and backsheets requirements in the industry.

What Are Latest Mergers And Acquisitions In The Solar Encapsulation Market?

In May 2023, First Solar, Inc., a US-based solar company, acquired Evolar AB for $38 million. Through this acquisition, First Solar intends to expedite the advancement of the next generation of photovoltaic (PV) technology, including highly efficient tandem devices. The goal is to synergize Evolar's expertise with its current research and development efforts, intellectual property assets, and proficiency in scaling thin-film PV solutions for commercial applications. Evolar AB is a Sweden-based provider of solar technology, including solar encapsulation.

Regional Outlook

Asia-Pacific was the largest region in the solar encapsulation market in 2025. The regions covered in the solar encapsulation market are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the solar encapsulation market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

What Defines the Solar Encapsulation Market?

The solar encapsulation market includes revenues earned by entities by protecting PV cells against weather, corrosive environment, UV radiation, and low energy impacts. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What Key Data and Analysis Are Included in the Solar Encapsulation Market Report 2026?

The solar encapsulation market research report is one of a series of new reports from The Business Research Company that provides market statistics, including Market Report 2026?global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the solar encapsulation Market Report 2026? The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the Market Report 2026?