The Global EVA PV Materials Market was valued at USD 857 million in 2023 and is projected to reach USD 1284.59 million by 2032, growing at a Compound Annual Growth Rate (CAGR) of 4.60% during the forecast period (2024-2032). This expansion is driven by the global push toward renewable energy, government solar incentives, and advancements in photovoltaic module efficiency.

As solar power becomes increasingly critical for sustainable energy, demand grows for high-performance EVA (ethylene-vinyl acetate) encapsulation materials. These specialized polymer films protect solar cells while optimizing light transmission, making them essential for modern PV modules. Here we analyze the Top 10 Companies in the EVA PV Materials Industry – from chemical conglomerates to specialized manufacturers revolutionizing solar panel technology.

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🔟 1. Hanwha Total

Headquarters: Seoul, South Korea
Key Offering: Photovoltaic-grade EVA Resins

Hanwha Total dominates the EVA PV materials sector with comprehensive production capabilities. Their materials are engineered for both crystalline silicon and thin-film solar applications, featuring exceptional durability and optical properties.

Market Leadership:

• Global leader in photovoltaic-grade EVA resin production

• Specialized anti-PID (potential induced degradation) formulations

• Strategic alliances with top-tier module manufacturers globally

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EVA PV Materials Market – View in Detailed Research Report

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9️⃣ 2. USI Corporation

Headquarters: Taipei, Taiwan
Key Offering: EVA Encapsulant Films (PV1200 Series)

USI Corporation specializes in advanced EVA formulations with enhanced thermal stability and UV resistance. Their products are certified for bifacial modules and high-performance solar panels.

Technical Superiority:

• Innovative self-healing formulations reducing microcrack formation

• Optimized gel content for superior light transmission

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8️⃣ 3. Levima Group

Headquarters: Shandong, China
Key Offering: High-Purity EVA Particles

Levima Group operates one of Asia’s largest EVA production facilities, supplying materials for over 30GW of solar modules annually. Their R&D focuses on moisture barrier properties and encapsulation efficiency.

Production Capacity:

• Annual production capacity of 40,000 MT

• Strong partnerships with Chinese PV manufacturers

Download FREE Sample Report:
EVA PV Materials Market – View in Detailed Research Report

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7️⃣ 4. Shenghong Group

Headquarters: Jiangsu, China
Key Offering: Ultra-Clear EVA Films

Shenghong Group combines petrochemical expertise with solar material innovation. Their EVA products feature excellent cross-linking properties and minimal yellowing over time.

Quality Standards:

• 99.5%+ light transmittance

• UV stabilization supporting 25-year module warranties

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6️⃣ 5. Formosa Plastics

Headquarters: Taipei, Taiwan
Key Offering: SolarVA® EVA Encapsulants

Formosa Plastics produces EVA materials for conventional and advanced solar cell technologies. Their SolarVA® series offers rapid curing and enhanced thermal conductivity.

Production Scale:

• Over 200,000 MT annual polymer production

• Comprehensive global distribution network

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5️⃣ 6. Rongsheng Petrochemical

Headquarters: Zhejiang, China
Key Offering: RS-ECO EVA Series

Rongsheng Petrochemical leverages integrated production to deliver cost-effective EVA solutions. Their materials are optimized for automated module assembly lines.

Operational Advantages:

• Low-temperature lamination capability

• Consistent melt flow properties for processing

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4️⃣ 7. LOTTE Chemical

Headquarters: Seoul, South Korea
Key Offering: ELVAX™ PV Materials

LOTTE Chemical produces precision-formulated EVA copolymers with controlled VA content. Their materials resist yellowing and maintain clarity in high-UV environments.

Technical Specifications:

• Uniform particle size distribution

• Custom solutions for desert and coastal applications

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3️⃣ 8. LG Chem

Headquarters: Seoul, South Korea
Key Offering: Eco-Encapsulant EVA

LG Chem incorporates proprietary stabilizers in its EVA materials that outperform conventional UV blockers. Their solutions are preferred by premium module manufacturers.

Sustainability Features:

• Developing recyclable formulations

• Technology reducing acetic acid emissions

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2️⃣ 9. TPI Polene

Headquarters: Bangkok, Thailand
Key Offering: TPI EVA for Solar Modules

TPI Polene serves Southeast Asia’s expanding solar market with competitively priced EVA encapsulants meeting international standards while offering regional supply advantages.

Regional Benefits:

• Local production serving ASEAN markets

• Fast delivery and logistical efficiency

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1️⃣ 10. TPC

Headquarters: Tokyo, Japan
Key Offering: High-Performance EVA Films

Taiyo Petrochemical Company (TPC) provides specialized EVA materials for PERC and HJT solar cells, emphasizing long-term stability and power output maintenance.

Performance Guarantees:

• Guarantees less than 0.3% annual power degradation

• Patented anti-corrosion additives

Get Full Report Here:
EVA PV Materials Market – View in Detailed Research Report

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☀️ Outlook: The Evolution of EVA PV Materials

The EVA encapsulation market is transforming alongside solar technology advancements and sustainability requirements. While current materials serve 90% of PV modules, innovation continues to address efficiency and environmental challenges.

📈 Key Industry Trends:

• Development of multi-layer co-extruded encapsulants

• Formulations with higher VA content for improved flexibility

• Lower curing temperatures reducing production energy

• Integration of UV-blocking and self-cleaning properties

Get Full Report Here:
EVA PV Materials Market – View in Detailed Research Report

These industry leaders are not merely supplying materials—they’re driving the solar energy transformation through continuous encapsulation technology innovation.