Market News Today Solar Encapsulation Materials Market | Page 3

material used in encapsulation process, the global solar encapsulation materials market can be
segmented into Polyvinyl Butyral (PVB), Ethylene Vinyl Acetate (EVA), Ionomers and
Polydimethylsiloxane (PDMS). Polyvinyl butyral is expected to dominate the global market owing to
its adhesive properties This material is a resin mostly used in applications which need optical clarity,
strong binding, adhesion to many surfaces, flexibility, and toughness.
A major constraint in the growth of this sector is the expensive solar equipment’s and solar panels.
The major focus of solar encapsulation manufacturers is on R & D to develop new encapsulants for
emerging PV technologies.Asia pacific is expected to be the key region in the market Rapid
development, high investments in the market coupled with mergers and acquisitions are expected to
be the driving factors for the market growth in this region. Reduction in carbon footprint by adopting
conventional energy sources in emerging economies including India and China is expected to boost
the market
Feed in tariff policy introduced in various countries to encourage investments in renewable energy
sources can be attributed to the growth of encapsulation market over the forecast period, this policy
is introduced to accelerate and initiate the investment in renewable resource technologies. Long term
contracts are provided to renewable energy producers proportional to rate of generation of each
technology.Germany is anticipated to be the world leader in production of electricity through solar
technology owing to increasing awareness of PV technology and better financing from government
organizations.
Key players in the solar encapsulation materials market include Hangzhou First PV Material CoSolutia
and STR Holdings Inc. Other industry participants are Jura-plast, Dow Corning, Bridgestone, and
Trosifol. The development and advancements in organic solar equipment in the future is expected to
further attract more investments in solar encapsulation market.
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Market Segment:
Geographically, this report split global into several key Regions, with sales (M sqm), revenue
(Million USD), market share and growth rate of Solar Encapsulation Materials for these regions,
from 2012 to 2022 (forecast), covering
• United States