The Global Encapsulant Materials for PV Modules Market was valued at USD 6.39 Billion in 2024 and is projected to reach USD 7.31 Billion by 2031, growing at a Compound Annual Growth Rate (CAGR) of 2.0% during the forecast period (2024–2031). This steady growth is propelled by soaring global solar energy adoption, advancements in photovoltaic technology, and the critical role of encapsulants in extending module lifespan under harsh environmental conditions.

As solar installations reach record levels worldwide, encapsulant materials have emerged as unsung heroes – protecting photovoltaic cells while optimizing light transmission and electrical performance. In this comprehensive analysis, we spotlight the Top 10 Companies in the Encapsulant Materials for PV Modules Industry – innovators driving material science breakthroughs that will define the next generation of solar technology.

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🔟 1. First Applied Material

Headquarters: Suzhou, China
Key Offering: EVA and POE encapsulant films

First Applied Material dominates the PV encapsulant sector with a comprehensive portfolio covering Ethylene-Vinyl Acetate (EVA) and Polyolefin Elastomer (POE) solutions. The company caters to both traditional and cutting-edge solar module designs.

Key Innovations:

• UV-stabilized EVA formulations with 91%+ light transmission
• POE films engineered for damp heat resistance (85°C/85% RH)
• Integrated production from resin to finished film

Download FREE Sample Report: Encapsulant Materials for PV Modules Market – View in Detailed Research Report

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9️⃣ 2. HIUV New Materials

Headquarters: Shanghai, China
Key Offering: EVA, POE, and EPE encapsulant films

HIUV New Materials has established itself as a preferred supplier to tier-1 module manufacturers through its focus on material purity and consistency. The company operates state-of-the-art cleanroom production facilities.

Key Innovations:

• Low-acetic-acid-release EVA formulations
• Co-extruded EPE (Ethylene-Polyethylene-Ethylene) films
• Anti-corrosion additives for marine environment applications

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8️⃣ 3. Sveck

Headquarters: Hangzhou, China
Key Offering: EVA and POE encapsulation films

Sveck combines material science expertise with large-scale manufacturing capabilities, supplying over 2 GW worth of encapsulants annually. The company maintains rigorous quality control across its automated production lines.

Key Innovations:

• Fast-curing EVA (reduced lamination time by 15-20%)
• POE films with PID (Potential Induced Degradation) resistance

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7️⃣ 4. Cybrid Technologies

Headquarters: Jiangsu, China
Key Offering: Specialty EVA films and POE encapsulants

Cybrid Technologies distinguishes itself through material formulation expertise, particularly for extreme climate applications. The company holds numerous patents in encapsulant chemistries.

Key Innovations:

• Flame-retardant encapsulants meeting UL94 V-0
• Anti-aging formulations for desert installations

Download FREE Sample Report: Encapsulant Materials for PV Modules Market – View in Detailed Research Report

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6️⃣ 5. Betterial

Headquarters: Hangzhou, China
Key Offering: EVA films and photovoltaic adhesives

Betterial has carved a niche in providing comprehensive encapsulation systems, including edge sealing solutions. The company emphasizes material compatibility across module components.

Key Innovations:

• Integrated backsheet/encapsulant systems
• Low-temperature curing adhesives

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5️⃣ 6. Sinopont

Headquarters: Shanghai, China
Key Offering: High-performance EVA and POE films

Sinopont specializes in encapsulants for premium module segments, including bifacial and building-integrated photovoltaics (BIPV). The company maintains tight technical collaborations with cell manufacturers.

Key Innovations:

• High-refractive-index EVA for improved light capture
• POE formulations compatible with heterojunction technology (HJT)

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4️⃣ 7. Hanwha Solutions

Headquarters: Seoul, South Korea
Key Offering: Q.PEAK DUO Series encapsulants

Hanwha Solutions leverages its vertical integration as both encapsulant supplier and major module producer. The company’s materials are optimized for its Q CELLS technology platform.

Key Innovations:

• Dual-hardness encapsulant systems
• Anti-lepidolite formulations reducing module corrosion

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3️⃣ 8. H.B. Fuller

Headquarters: Minnesota, USA
Key Offering: PVencap series adhesives and encapsulants

H.B. Fuller brings decades of polymer expertise to the solar sector, with encapsulant solutions emphasizing durability and process compatibility.

Key Innovations:

• Low-stress encapsulants minimizing cell microcracks
• Formulations supporting >30-year module warranties

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2️⃣ 9. RenewSys

Headquarters: Bengaluru, India
Key Offering: EnSol EVA and POE encapsulants

RenewSys serves growing solar markets with cost-optimized solutions tailored to regional climate challenges. The company operates R&D centers focused on tropical condition performance.

Key Innovations:

• High-fluidity EVA for intricate cell layouts
• Moisture-scavenging POE formulations

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1️⃣ 10. STR Holdings (TPI Polene)

Headquarters: Connecticut, USA
Key Offering: Specialty EVA and alternative encapsulants

STR Holdings pioneers next-generation encapsulant materials beyond conventional EVA, with particular strengths in moisture barrier properties.

Key Innovations:

• Non-crosslinking polymer encapsulants
• UV-curable liquid encapsulant systems

Get Full Report Here: Encapsulant Materials for PV Modules Market – View in Detailed Research Report

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☀️ Outlook: The Encapsulant Materials Landscape in Transition

The PV encapsulant market stands at an inflection point as material innovation accelerates to meet evolving module architectures and performance demands. While EVA maintains ~70% market share due to established supply chains, POE adoption is surging – particularly for bifacial modules and installations in humid climates.

📈 Key Trends Reshaping the Industry:

• Accelerating POE adoption – projected to capture 35% market share by 2027
• Development of hybrid encapsulant systems combining EVA and POE benefits
• Material innovations supporting >700W module platforms
• Increased focus on end-of-life recyclability and circular economy

Get Full Report Here: Encapsulant Materials for PV Modules Market – View in Detailed Research Report

The companies profiled above are not just supplying today’s solar factories – they’re engineering the encapsulation solutions that will enable next-generation photovoltaic technologies and drive solar’s expanding role in global energy systems.