The Global Encapsulant Materials for PV Modules Market was valued at USD 6,386 Million in 2024 and is projected to reach USD 7,313 Million by 2031, growing at a Compound Annual Growth Rate (CAGR) of 2.0% during the forecast period (2024-2031). This growth is driven by increasing solar energy adoption, technological advancements in photovoltaic materials, and the accelerating shift toward sustainable energy solutions worldwide.
As the solar industry evolves with innovations like bifacial panels and high-efficiency modules, the demand for advanced encapsulant materials continues to rise. In this blog, we profile the Top 10 Companies in the Encapsulant Materials for PV Modules Industry—key players delivering cutting-edge solutions for durability, efficiency, and environmental sustainability in solar panel manufacturing.
🔟 1. First
Headquarters: Wuhan, China
Key Offering: EVA, POE, and EPE Encapsulant Films
First is a leading global supplier of solar encapsulant materials, specializing in ethylene-vinyl acetate (EVA) and polyolefin elastomer (POE) films. The company serves major PV module manufacturers with high-performance solutions for both monofacial and bifacial solar panels.
Innovation Highlights:
- Pioneer in POE encapsulant technology
- Patented anti-PID (Potential Induced Degradation) formulations
- Strategic partnerships with tier-1 module producers
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Encapsulant Materials for PV Modules Market – View in Detailed Research Report
9️⃣ 2. HIUV
Headquarters: Suzhou, China
Key Offering: UV-resistant EVA Films
HIUV specializes in advanced encapsulant materials with enhanced UV stability, crucial for long-term panel performance in harsh environments. The company holds significant market share in Asia-Pacific, the world’s largest solar market.
Innovation Highlights:
- Industry-leading UV absorption technology
- Custom formulations for high-temperature climates
- Rapid production scale-up capabilities
8️⃣ 3. Sveck
Headquarters: Hangzhou, China
Key Offering: Transparent and White EVA Films
Sveck is a major Chinese producer of both standard and specialized encapsulant films, offering solutions optimized for different module architectures and environmental conditions.
Innovation Highlights:
- High-transparency films for premium modules
- Integrated production from raw materials to finished films
- Strong supply chain across Asia and Europe
7️⃣ 4. Cybrid Technologies
Headquarters: Changzhou, China
Key Offering: Anti-PID EVA and POE Films
Cybrid Technologies focuses on high-reliability encapsulants that prevent potential induced degradation (PID), a critical factor in maintaining long-term solar panel efficiency.
Innovation Highlights:
- PID-resistant formulations with 25+ year warranties
- Dual-use films for glass-backsheet and glass-glass modules
- Continuous R&D investment in material science
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