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 growth is driven by increasing solar energy adoption, technological advancements in photovoltaic modules, and rising demand for durable solar panel materials across residential, commercial, and utility-scale applications.

As the renewable energy sector accelerates toward net-zero goals worldwide, the spotlight is on the key material science innovators providing critical EVA encapsulant solutions. In this analysis, we profile the Top 10 Companies in the EVA-based Solar Encapsulants Market—established manufacturers and emerging players shaping the future of solar panel performance and durability.

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1. Hangzhou First PV Material Co.

Headquarters: Hangzhou, China
Key Offering: EVA film for solar modules (transparent & white variants)

Hangzhou First PV Material dominates the Asian EVA encapsulant market with its high-performance films that ensure superior adhesion and moisture resistance for solar panels. The company supplies major solar module manufacturers and has expanded production capacity to meet growing global demand.

Technological Advantages:

• Patented cross-linking technology for enhanced durability
• Low-temperature curing formulations
• Customized solutions for bifacial modules

Download FREE Sample Report: EVA-based Solar Encapsulants Market – View in Detailed Research Report

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2. STR Holdings, Inc.

Headquarters: Enfield, Connecticut, USA
Key Offering: Premium EVA encapsulants (including PV-grade formulations)

STR Holdings specializes in high-performance encapsulants that maximize solar panel efficiency and lifespan. The company’s formulations reduce potential-induced degradation (PID) and maintain optical clarity under extreme environmental conditions.

Innovation Focus:

• UV-resistant encapsulant formulations
• Rapid-cure EVA solutions reducing lamination time
• Enhanced thermal stability products

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3. Mitsui Chemicals

Headquarters: Tokyo, Japan
Key Offering: EVA encapsulant sheets (including high-transmittance grades)

Mitsui Chemicals combines material science expertise with solar industry knowledge to develop encapsulants that improve photovoltaic module performance. The company’s products feature excellent adhesion to glass and back sheets while minimizing yellowing over time.

Key Developments:

• Advanced moisture barrier formulations
• High-volume manufacturing capabilities in Asia
• Strategic partnerships with Japanese solar manufacturers

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4. 3M Company

Headquarters: St. Paul, Minnesota, USA
Key Offering: Specialty EVA encapsulants for high-performance solar modules

3M applies its extensive polymer science capabilities to develop encapsulants that push the boundaries of solar panel efficiency and reliability. The company’s solutions are particularly valued in demanding climates and specialized applications.

Differentiating Features:

• Exceptional resistance to thermal cycling
• Low ionic contamination formulations
• Custom-engineered refractive index matching

Download FREE Sample Report: EVA-based Solar Encapsulants Market – View in Detailed Research Report

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5. Changzhou Sveck Photovoltaic New Material Co.

Headquarters: Changzhou, China
Key Offering: Cost-competitive EVA encapsulants for mass production

Changzhou Sveck has emerged as a major supplier to Chinese solar manufacturers, offering reliable encapsulants that balance performance with manufacturing efficiency. The company benefits from China’s robust solar supply chain ecosystem.

Market Position:

• Strong presence in Chinese solar market
• High-volume production capabilities
• Continuous process optimization expertise

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6. Hanwha Chemical

Headquarters: Seoul, South Korea
Key Offering: High-purity EVA encapsulants for premium solar modules

Hanwha Chemical leverages its petrochemical expertise to produce encapsulants with exceptional clarity and long-term weatherability. The company benefits from vertical integration within the broader Hanwha Group’s solar energy businesses.

Quality Advantages:

• Stringent purity standards for critical components
• Improved PID resistance formulations
• Optimized flow characteristics for lamination

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7. Zhejiang Feiyu New Energy Co. Ltd.

Headquarters: Jiaxing, China
Key Offering: Broad EVA encapsulant portfolio for various solar technologies

Zhejiang Feiyu serves the complete spectrum of solar applications from standard crystalline silicon modules to specialized thin-film installations. The company has invested heavily in quality control infrastructure to meet international standards.

Expansion Projects:

• New production lines for specialty encapsulants
• Enhanced R&D capabilities in materials science
• Global supply chain development

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8. Vishakha Renewables

Headquarters: Vadodara, India
Key Offering: EVA encapsulants for tropical and high-temperature markets

Vishakha Renewables has developed specialized formulations that perform exceptionally well in high-heat and high-humidity conditions prevalent in developing solar markets. The company plays a crucial role in India’s growing solar ecosystem.

Regional Strengths:

• Formulations tested under extreme Indian conditions
• Strong domestic supply chain in South Asia
• Custom solutions for floating solar applications

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9. Haiyou New Materials

Headquarters: Suzhou, China
Key Offering: High-transparency EVA encapsulants

Haiyou New Materials focuses on maximizing solar cell efficiency through encapsulants that maintain exceptional optical properties throughout the module’s lifespan. The company’s products are particularly valued for high-efficiency cell designs.

Technology Highlights:

• Superior UV protection systems
• Anti-reflective formulations
• Rapid adhesion development

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10. TPI Polene

Headquarters: Bangkok, Thailand
Key Offering: EVA encapsulants optimized for Southeast Asian conditions

TPI Polene has established itself as a key regional supplier with formulations specifically developed for tropical climates. The company’s encapsulants show excellent performance in high-humidity environments prevalent across ASEAN markets.

Market Focus:

• Climate-specific product formulations
• Cost-effective solutions for distributed solar
• Strategic partnerships in emerging solar markets

Get Full Report Here: EVA-based Solar Encapsulants Market – View in Detailed Research Report

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Outlook: The Future of Solar Encapsulation Technology

The EVA-based solar encapsulants market is undergoing significant transformation as solar technology advances and installation environments become more diverse. Key industry players are investing in next-generation materials and formulations to address emerging challenges.

Key Trends Shaping the Market:

• Development of UV-stable formulations for extended outdoor longevity
• Customized solutions for bifacial solar modules gaining traction
• Thinner encapsulant films improving module efficiency and reducing material usage
• Integrated production expanding in emerging solar manufacturing hubs

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 global transition to solar energy through innovative encapsulation solutions that enhance performance and durability.