Global Solar Encapsulation Market to Grow at a CAGR of 23% by 2022: By Material, Solar Module & Application - Research and Markets

DUBLIN--()--Research and Markets has announced the addition of the "Global Solar Encapsulation Market by Material, Solar Module and Application" report to their offering.

The global solar encapsulation industry is expected to reach $4,231 million by 2022 from $915 million in 2015, growing at a CAGR of 23.1% from 2016 to 2022. A solar encapsulant is used to provide adhesion between the top and the rear surface of the PV solar module to protect the PV modules from elevated temperature and high PV exposure. In addition, the encapsulating materials should have efficient transmission and reflection properties coupled with excellent impact and water resistance.

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. Furthermore, 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.

Companies Mentioned

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

Key Topics Covered:

Chapter 1. Introduction

Chapter 2. Executive Summary

Chapter 3. Market Overview

Chapter 4. Global Sugar Confectionery Market, By Product Type

Chapter 5. Global Sugar Confectionery Market, By Geography

Chapter 6. Company Profiles

For more information about this report visit http://www.researchandmarkets.com/research/skmmdk/global_solar

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
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For GMT Office Hours Call +353-1-416-8900
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Fax (outside U.S.): +353-1-481-1716
Related Topics: Solar Power

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Solar Power