Market News Today Solar Encapsulation Materials Market | Page 2

Solar Encapsulation is carried out between the glass cover of outer part of solar panel and solar cell
located inside the panel. This process is usually done to extend the life of PV panels. Materials used
in this process consist several properties including flame retardant, and corrosion resistant. High
energy and material resources and required to compile the entire process. Automotive and
construction industries are also expected to adopt this process. This technology offers safe and
efficient operation of solar PV modules thus enabling the consumers to reduce their maintenance and
repair costs. The construction industry is expected to be the largest consumers of this segment. The
growth of this industry is expected to encourage companies to invest in Research and development
activities that involve solar encapsulation technology.
The market is highly dominated by PV material as they are major components used in the
manufacture of encapsulations. The major properties exhibited by them are good mechanical
resistance, good insulation, adhesion property, good light transmittance and outstanding long-term
performance. Increasing adoption of solar panels across various demographic regions is expected to
be the key driving factor owing to their high benefits. Solar panels are considered to be the most
efficient way to generate electricity through sunlight. It reduces the amount of electricity coming from
fossil fuels thereby reducing the harmful gases released into the environment. Absence of proper
substitutes for solar encapsulation technology is expected to be an opportunity for the growth of
solar modules that will directly enhance the market growth rate.
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Many government organizations in emerging economies have set their objectives to ensure adoption
of solar technology across the countries. These factors coupled with growing demand of solar
modules are expected to encourage investment in solar encapsulation market. Growing energy
requirements and enormous technological development in solar industry is expected to bolster the
growth over the forecast period. Insignificant substitutes present for the PV module provides
opportunities for the market growth. Continuous R&D activities by industry players is expected to
develop new encapsulate.
On the basis of technology, encapsulants have been segmented into polycrystalline silicon solar,
monocrystalline and thin film solar technology. Monocrystalline technology is the largest segment
and is used widely in many applications including residential, corporate, and industries. These panels
have the highest efficiency rate owing to the presence of highest grade silicon material.Based on the