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The global solar encapsulation market was valued at US$ 2,030.3 Million in 2021.
We expect the global solar encapsulation market to exhibit a CAGR of 14.40% during 2022-2027.
The rising adoption of solar energy for power generation, along with the growing use of solar
encapsulation technique to protect solar equipment against environmental degradation, is primarily
driving the global solar encapsulation market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent
lockdown regulations across several nations resulting in temporary closure of numerous
manufacturing units for the components of solar encapsulation.
Based on the material, the global solar encapsulation market has been segmented into ethylene
vinyl acetate, non-ethylene vinyl acetate, and UV curable resins. Among these, ethylene vinyl
acetate currently represents the largest market share.
Based on the technology, the global solar encapsulation market can be bifurcated into single-
crystal/polycrystalline silicon solar technology and thin-film solar technology. Currently, single-
crystal/polycrystalline silicon solar technology accounts for the majority of the total market share.
On a regional level, the market has been classified into North America, Europe, Asia-Pacific, Middle
East and Africa, and Latin America, where Asia-Pacific currently dominates the global market.
Some of the major players in the global solar encapsulation market include 3M Company,
Bridgestone Corporation, dnpSolar, Dow Inc., Dupont De Nemours Inc., Eastman Chemical Company,
First Solar Inc., Kuraray Co. Ltd., Mitsubishi Chemical Holdings Corporation, Mitsui Chemicals Inc.,
RenewSys India Pvt. Ltd., and STR Holdings Inc.
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