The Global EVA-based Solar Encapsulants Market was valued at USD 3.29 Billion in 2023 and is projected to reach USD 12.70 Billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 16.2% during the forecast period (2024-2032). This rapid expansion is fueled by accelerating global solar PV installations, technological advancements in encapsulation materials, and increasing demand for durable, high-performance photovoltaic modules.
As the renewable energy sector shifts toward more efficient solar panel technologies, EVA (ethylene vinyl acetate) encapsulants have emerged as critical components ensuring module longevity and performance. In this analysis, we examine the Top 10 Companies in the EVA-based Solar Encapsulants Market—leaders in material science, production capacity, and innovative solutions for next-generation solar applications.
🔟 1. Hangzhou First PV Material Co., Ltd.
Headquarters: Hangzhou, China
Key Offering: High-transmission EVA films, Anti-PID EVA encapsulants
As China’s largest EVA film producer, Hangzhou First PV dominates the Asian market with its extensive production facilities and vertically integrated supply chain. The company supplies encapsulants to leading solar module manufacturers globally.
Innovation Focus:
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Patented anti-potential induced degradation (PID) formulations
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UV-resistant EVA for harsh climate applications
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Annual production capacity exceeding 500 million square meters
Download FREE Sample Report: EVA-based Solar Encapsulants Market – View in Detailed Research Report
9️⃣ 2. STR Holdings, Inc.
Enfield, Connecticut, USA
Key Offering: Premium EVA encapsulants, Specialty PV films
STR Holdings brings decades of encapsulation expertise to the solar industry, with patented formulations that enhance module efficiency and lifespan. The company operates production facilities across North America and Asia.
Innovation Focus:
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High-performance encapsulants for bifacial modules
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Rapid-cure EVA formulations reducing lamination time
8️⃣ 3. Mitsui Chemicals, Inc.
Headquarters: Tokyo, Japan
Key Offering: EVA encapsulants, POE films, Hybrid solutions
Mitsui Chemicals combines Japanese material science expertise with global manufacturing to deliver high-reliability encapsulants. The company is actively developing next-generation solutions beyond conventional EVA.
Innovation Focus:
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Co-extruded multilayer encapsulation systems
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Polyolefin elastomer (POE) alternatives to EVA
7️⃣ 4. 3M Company
Headquarters: St. Paul, Minnesota, USA
Key Offering: 3M™ Solar Encapsulant Films, Edge sealants
3M leverages its materials science expertise to provide advanced encapsulant solutions with enhanced durability and optical properties. The company focuses on high-value segments requiring premium performance.
Innovation Focus:
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Nanocomposite-enhanced EVA formulations
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Integrated encapsulant-backsheet systems
Download FREE Sample Report: EVA-based Solar Encapsulants Market – View in Detailed Research Report
6️⃣ 5. Changzhou Sveck Technology Co., Ltd.
Headquarters: Changzhou, China
Key Offering: EVA encapsulants, Solar adhesive films
Changzhou Sveck has rapidly grown to become a major EVA film supplier through continuous capacity expansion and technological improvements. The company serves both domestic Chinese and international solar markets.
Innovation Focus:
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Cost-optimized EVA for utility-scale projects
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Enhanced cross-linking technology for better moisture resistance
5️⃣ 6. Hanwha Chemical Corporation
Headquarters: Seoul, South Korea
Key Offering: Q CELLS Encapsulants, Specialty polymers
As part of the Hanwha Solutions/Q CELLS ecosystem, Hanwha Chemical provides vertically integrated encapsulant solutions for its solar modules while also supplying third-party manufacturers.
Innovation Focus:
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Formulations optimized for Q CELLS module technology
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Recyclable encapsulant materials development
4️⃣ 7. TPI Polene Public Company Limited
Headquarters: Bangkok, Thailand
Key Offering: EVA encapsulant films, Solar-grade resins
TPI Polene has emerged as a key Asian supplier with competitive pricing and reliable quality. The company benefits from proximity to Southeast Asia’s growing solar manufacturing base.
Innovation Focus:
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Rapid production scale-up capabilities
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Cost-competitive solutions for price-sensitive markets
3️⃣ 8. Zhejiang Feiyu New Energy Co., Ltd.
Headquarters: Hangzhou, China
Key Offering: High-clarity EVA, Anti-dust encapsulants
Zhejiang Feiyu specializes in optical-grade EVA films that maximize light transmission to solar cells. The company has significantly expanded its production capacity in recent years.
Innovation Focus:
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High-purity formulations minimizing light absorption
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Self-cleaning surface treatments
2️⃣ 9. Lushan New Materials Co., Ltd.
Headquarters: Suzhou, China
Key Offering: EVA encapsulants, Backsheets, PV ribbons
Lushan provides comprehensive photovoltaic material solutions with strong technical support capabilities. The company continues to gain market share through competitive pricing.
Innovation Focus:
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Integrated encapsulant-backsheet systems
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Custom formulations for specific module designs
1️⃣ 10. Tianyang New Energy Materials Co., Ltd.
Headquarters: Changzhou, China
Key Offering: EVA films, Co-extruded encapsulants
Tianyang has emerged as a quality-focused Chinese supplier with significant capacity dedicated to high-end solar applications. The company emphasizes stable, consistent product performance.
Innovation Focus:
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Cross-linking technology improvements
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Tailored solutions for PERC and TOPCon modules
Get Full Report Here: EVA-based Solar Encapsulants Market – View in Detailed Research Report
♻️ Outlook: The Solar Encapsulants Market Is Evolving Rapidly
The EVA encapsulants industry is experiencing transformation as solar technology advances and sustainability requirements tighten. While EVA remains dominant, new material platforms and hybrid solutions are emerging to meet evolving needs.
📈 Key Market Trends:
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Rising demand for high-transmission, UV-resistant formulations
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Development of recyclable and more sustainable encapsulants
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Thinner films enabling higher efficiency module designs
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Growing adoption of co-extruded multilayer solutions
Get Full Report Here: EVA-based Solar Encapsulants Market – View in Detailed Research Report
The companies profiled above are not just supplying materials—they’re enabling the next generation of solar technology through continuous innovation in encapsulation science.
