The Global Solar EVA Film Market was valued at USD 3.21 Billion in 2023 and is projected to reach USD 5.89 Billion by 2028, growing at a Compound Annual Growth Rate (CAGR) of 12.9% during the forecast period (2023–2028). This strong growth trajectory is fueled by the global push for renewable energy, booming solar panel installations, and increasing demand for high-performance encapsulation materials that enhance module efficiency and longevity.

As the solar photovoltaic (PV) industry expands to meet global decarbonization goals, the critical role of Ethylene-Vinyl Acetate (EVA) film as a primary encapsulant is more pronounced than ever. This material safeguards solar cells against environmental stressors, ensuring durability and power output. In this blog, we profile the Top 10 Companies in the Solar EVA Film Industry—a combination of chemical giants, specialized material scientists, and regional leaders shaping the future of solar energy infrastructure.

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2023-2028 Global and Regional Solar EVA Film Industry Status and Prospects Professional Market – View in Detailed Research Report

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🔟 1. STR Holdings, Inc. (A Part of Mitsubishi Chemical Corporation)

Headquarters: Tokyo, Japan
Key Offering: High-performance EVA encapsulant films

Following its acquisition by Mitsubishi Chemical Corporation, STR Holdings continues to be a significant force in the solar encapsulants market. The company provides a range of EVA films known for their superior adhesion, durability, and resistance to potential-induced degradation (PID), which are critical for long-term module performance in diverse climates.

Innovation & Market Strategy:

• Development of advanced formulations for next-generation cell technologies like TOPCon and HJT

• Global manufacturing footprint to serve major PV module producers in Asia, Europe, and North America

• Strong focus on R&D for improved UV resistance and faster lamination cycles

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9️⃣ 2. Bridgestone Corporation

Headquarters: Tokyo, Japan
Key Offering: EVA-based encapsulant sheets for solar modules

Leveraging its extensive polymer science expertise from the tire industry, Bridgestone manufactures high-quality EVA films. Their products are engineered to provide excellent optical clarity and long-term reliability, which are essential for maximizing light transmission and protecting solar cells over a 25-30 year lifespan.

Innovation & Market Strategy:

• Investment in producing high-purity EVA resins to minimize contaminants that can cause module discoloration

• Focus on supply chain integration to ensure consistent quality and cost competitiveness

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8️⃣ 3. Mitsui Chemicals Tohcello, Inc.

Headquarters: Tokyo, Japan
Key Offering: EVA film, Polyolefin (POE) encapsulant films

Mitsui Chemicals Tohcello is a leading global supplier of functional films, with a strong presence in the solar encapsulant segment. The company offers a diversified portfolio that includes both traditional EVA and advanced POE films, catering to the specific needs of different module technologies and mitigating degradation risks.

Innovation & Market Strategy:

• Pioneering co-extruded EVA/POE films that combine the cost-effectiveness of EVA with the PID resistance of POE

• Strategic partnerships with leading Chinese and Southeast Asian module manufacturers

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7️⃣ 4. 3M Company

Headquarters: St. Paul, Minnesota, USA
Key Offering: 3M™ Solar Encapsulant Films

3M brings its formidable material science capabilities to the solar industry, producing EVA-based encapsulant films that meet rigorous performance standards. Their products are designed for high-volume automated module production lines, offering consistent quality and processing efficiency.

Innovation & Market Strategy:

• Development of fast-cure EVA formulations to increase manufacturing throughput

• Extensive testing and certification to meet international safety and performance standards (UL, IEC)

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2023-2028 Global and Regional Solar EVA Film Industry Status and Prospects Professional Market – View in Detailed Research Report

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6️⃣ 5. Hanwha Solutions Corporation (Q CELLS)

Headquarters: Seoul, South Korea
Key Offering: Q.ANTUM EVA encapsulants (for internal use and select supply)

While primarily a module manufacturer, Hanwha Solutions has developed deep expertise in encapsulation materials through its Q CELLS brand. The company’s Q.ANTUM technology incorporates specialized EVA formulations that are optimized for its high-efficiency cells, though it also sources from external suppliers to meet its massive production scale.

Innovation & Market Strategy:

• Vertical integration strategy with in-house material development for quality control and performance optimization

• Strong emphasis on PID-resistant encapsulants for high-voltage systems

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5️⃣ 6. Guangzhou Lushan New Materials Co., Ltd.

Headquarters: Guangzhou, China
Key Offering: Standard, Fast, and Ultra-Fast Cure EVA Films

As one of China’s leading domestic EVA film producers, Guangzhou Lushan New Materials has captured significant market share by serving the country’s vast PV manufacturing base. The company offers a full spectrum of EVA film types, catering to the diverse processing requirements of different module producers.

Innovation & Market Strategy:

• Cost-competitive manufacturing leveraging China’s integrated supply chain

• Rapid expansion of production capacity to keep pace with domestic and international demand

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4️⃣ 7. SWM International (A Part of Scapa Group)

Headquarters: London, United Kingdom
Key Offering: EVA and POE encapsulant films

SWM International, now part of Scapa Group, is a prominent global supplier of engineered films and adhesives. Their solar division produces high-performance EVA encapsulants that are used by module manufacturers worldwide, with a particular focus on products that enhance yield and reliability.

Innovation & Market Strategy:

• Specialization in custom-formulated EVA films for specific climatic conditions and module designs

• Global technical support network to assist manufacturers with process optimization

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3️⃣ 8. KENGO Industrial Co., Ltd.

Headquarters: Taichung, Taiwan
Key Offering: KENGO Solar EVA Encapsulation Film

KENGO is a key player in the Taiwanese and broader Asian solar supply chain. The company manufactures EVA films that are known for their consistent cross-linking properties and excellent electrical insulation, which are vital for maintaining module safety and performance over decades of operation.

Innovation & Market Strategy:

• Focus on high-transmittance EVA grades to maximize the power output of premium efficiency panels

• Strategic location in Taiwan providing logistical advantages for serving Southeast Asian markets

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2️⃣ 9. Astenik Solar AG

Headquarters: Zug, Switzerland
Key Offering: High-quality EVA and POE encapsulants

Astenik Solar is a European specialist in solar encapsulation materials, serving leading module manufacturers with a focus on quality and technical performance. The company’s products are engineered to meet the stringent requirements of the European market, where long-term durability and reliability are paramount.

Innovation & Market Strategy:

• Strong R&D focus on developing halogen-free and environmentally friendly encapsulant formulations

• Certification according to the highest European quality and safety standards

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1️⃣ 10. First Applied Material (FAM) Corporation

Headquarters: Hsinchu, Taiwan
Key Offering: Comprehensive range of solar EVA films

First Applied Material is a major Taiwanese supplier with a significant global presence. The company produces a wide array of EVA films, including products tailored for bifacial modules and other advanced PV technologies, positioning itself as a key innovation partner for module makers.

Innovation & Market Strategy:

• Development of specialty EVA films with enhanced reflectivity for bifacial module applications

• Expansion of manufacturing capabilities to serve the growing North American and Indian markets

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2023-2028 Global and Regional Solar EVA Film Industry Status and Prospects Professional Market – View in Detailed Research Report

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🌍 Outlook: The Future of Solar EVA Film Is Smarter and More Efficient

The solar EVA film market is undergoing a significant transformation. While standard EVA remains the dominant encapsulant by volume, the industry is rapidly adopting advanced formulations, hybrid materials, and process innovations to support next-generation solar technologies.

📈 Key Trends Shaping the Market:

• Accelerated adoption of Ultra-Fast Cure EVA to reduce lamination cycle times and boost manufacturing output

• Growing demand for Polyolefin Elastomer (POE) and co-extruded EVA/POE films to combat PID in high-efficiency N-type cells (TOPCon, HJT)

• Increased focus on material sustainability, including the development of recyclable and bio-based encapsulants

• Vertical integration by major module manufacturers to secure supply and control encapsulant quality

Get Full Report Here:
2023-2028 Global and Regional Solar EVA Film Industry Status and Prospects Professional Market – View in Detailed Research Report

The companies listed above are not only supplying a critical component for the global solar industry—they are at the forefront of material innovation that will define the performance and longevity of the world’s solar energy infrastructure for decades to come.