The Global Photovoltaic EVA Encapsulating Film Market was valued at USD 2.25 Billion in 2024 and is projected to reach USD 3.89 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 9.5% during the forecast period (2024–2030). This robust growth is primarily driven by the global expansion of solar energy capacity, increasing demand for high-efficiency solar modules, and the development of advanced anti-PID (Potential Induced Degradation) films that enhance module longevity and performance.

As the solar industry accelerates towards terawatt-scale deployment, the critical role of encapsulation materials in ensuring module durability and energy output comes into sharp focus. In this blog, we profile the Top 10 Companies in the Photovoltaic EVA Encapsulating Film Industry—a group of chemical innovators and material science leaders who are setting the standards for quality, reliability, and technological advancement in solar module manufacturing.

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🔟 1. STR Holdings, Inc. (A Mitsubishi Chemical Group Company)

Headquarters: Enfield, Connecticut, USA
Key Offering: EVA encapsulant sheets, specialty polymers for PV modules

STR Holdings, now part of Mitsubishi Chemical Advanced Materials, is a pioneer in the PV encapsulation market with decades of experience. Its EVA films are known for high clarity, excellent adhesion, and superior resistance to environmental degradation, serving leading module manufacturers worldwide.

Innovation and Sustainability Initiatives:

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

• Focus on enhancing UV resistance and long-term weathering performance

• Integration into Mitsubishi Chemical’s global sustainability framework for circular materials

Download FREE Sample Report: Photovoltaic EVA Encapsulating Film Market – View in Detailed Research Report

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9️⃣ 2. Mitsui Chemicals, Inc.

Headquarters: Tokyo, Japan
Key Offering: EVA encapsulants, high-performance polymers

Mitsui Chemicals is a global chemical giant with a significant presence in the solar materials sector. The company produces a wide range of EVA encapsulant films designed for various module technologies, including bifacial and high-power modules, emphasizing durability and high light transmittance.

Innovation and Sustainability Initiatives:

• Investment in R&D for next-generation non-yellowing EVA materials

• Strategic partnerships with top-tier solar panel producers across Asia and Europe

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8️⃣ 3. Hangzhou First Applied Material Co., Ltd.

Headquarters: Hangzhou, Zhejiang, China
Key Offering: EVA film, POE film, backsheets

As one of the world’s largest suppliers of PV encapsulation materials, Hangzhou First commands a substantial market share. The company offers a comprehensive portfolio, including regular and anti-PID EVA films, and is a key material partner for many of China’s leading solar module exporters.

Innovation and Sustainability Initiatives:

• Mass production of high-volume, cost-effective EVA films

• Expansion into polyolefin elastomer (POE) encapsulation films for N-type cell technologies

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7️⃣ 4. 3M Company

Headquarters: Saint Paul, Minnesota, USA
Key Offering: Specialty adhesive films, encapsulants, and tapes

3M brings its extensive expertise in adhesives and materials science to the solar industry. Its photovoltaic encapsulant films are engineered for exceptional reliability, offering solutions that protect against moisture ingress and electrical insulation failures in harsh environments.

Innovation and Sustainability Initiatives:

• Proprietary adhesive technologies for improved laminating efficiency

• Commitment to developing sustainable material solutions aligned with 3M’s climate goals

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6️⃣ 5. SWM (Schweitzer-Mauduit International, Inc.)

Headquarters: Alpharetta, Georgia, USA
Key Offering: EVA encapsulant films, engineered films

SWM’s advanced EVA encapsulants are formulated to maximize light transmission and provide robust protection for solar cells. The company focuses on delivering high-purity, consistent-quality films that meet the demanding requirements of modern, high-efficiency solar modules.

Innovation and Sustainability Initiatives:

• Focus on cross-linking technology for enhanced thermal and mechanical stability

• Development of films with low acetic acid release to minimize corrosion

Download FREE Sample Report: Photovoltaic EVA Encapsulating Film Market – View in Detailed Research Report

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5️⃣ 6. Zhejiang Feiyu New Energy Co., Ltd.

Headquarters: Jiaxing, Zhejiang, China
Key Offering: Photovoltaic EVA film, POE film

Zhejiang Feiyu is a major Chinese manufacturer specializing in photovoltaic encapsulation films. The company has built a strong reputation for product quality and has rapidly expanded its production capacity to serve the growing domestic and international solar markets.

Innovation and Sustainability Initiatives:

• Continuous improvement in film transparency and anti-PID properties

• Capacity expansion to support the global solar supply chain

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4️⃣ 7. Vishakha Renewables Private Limited

Headquarters: Ahmedabad, Gujarat, India
Key Offering: EVA encapsulant sheets, solar backsheets

Vishakha Renewables is a leading Indian supplier of PV module components. Its EVA encapsulant films are tailored for the challenging climatic conditions of South Asia and the Middle East, offering excellent performance under high temperatures and intense UV radiation.

Innovation and Sustainability Initiatives:

• Development of thermally stable encapsulants for high-temperature regions

• Supporting India’s ‘Make in India’ initiative for solar manufacturing

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3️⃣ 8. Hangzhou Xinzi New Energy Technology Co., Ltd.

Headquarters: Hangzhou, Zhejiang, China
Key Offering: EVA encapsulation film, junction boxes

Hangzhou Xinzi New Energy is an integrated supplier of PV materials, with a strong focus on EVA films. The company emphasizes technological innovation to improve the efficiency and lifespan of solar panels, catering to both mono-facial and bifacial module designs.

Innovation and Sustainability Initiatives:

• R&D in co-extruded multi-layer films for enhanced performance

• Expansion of product lines to offer complete module material solutions

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2️⃣ 9. Guangzhou Lushan New Materials Co., Ltd.

Headquarters: Guangzhou, Guangdong, China
Key Offering: Photovoltaic EVA film, packaging materials

Guangzhou Lushan is a specialized manufacturer of high-transmittance EVA encapsulant films. The company’s products are widely used in utility-scale and commercial solar projects, known for their consistent quality and reliable performance in the lamination process.

Innovation and Sustainability Initiatives:

• Optimization of curing profiles for faster module production cycles

• Implementation of stringent quality control systems

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1️⃣ 10. HIUV (Hangzhou Huiran New Material Technology Co., Ltd.)

Headquarters: Hangzhou, Zhejiang, China
Key Offering: EVA encapsulant film, POE film, PV ribbon

HIUV is a key player in the Chinese PV materials market, supplying EVA and POE encapsulation films to numerous module manufacturers. The company focuses on technological advancement to meet the evolving requirements of next-generation solar cell technologies like TOPCon and HJT.

Innovation and Sustainability Initiatives:

• Development of low-curing-temperature EVA for sensitive cell technologies

• Strategic expansion of production facilities to capture growing market demand

Read Full Report: Photovoltaic EVA Encapsulating Film Market – View in Detailed Research Report

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🌍 Outlook: The Future of PV Encapsulation Is Smarter and More Durable

The photovoltaic EVA encapsulating film market is undergoing a significant transformation. While standard EVA films continue to dominate, the industry is rapidly adopting advanced materials such as POE and multi-layer co-extruded films to meet the demanding performance requirements of new cell architectures and harsh operating environments.

📈 Key Trends Shaping the Market:

• Rapid adoption of POE films for N-type TOPCon and HJT modules to prevent PID

• Development of ultra-transparent films to maximize light capture for bifacial modules

• Increased focus on long-term reliability and 30+ year product warranties

• Supply chain localization efforts in North America and Europe to support regional manufacturing

Read Full Report: Photovoltaic EVA Encapsulating Film Market – View in Detailed Research Report

The companies listed above are not only supplying a critical component for solar panels—they’re enabling the global energy transition by ensuring the longevity and efficiency of photovoltaic systems worldwide.