Market Insight
The Global Photovoltaic Module Adhesive Materials market was valued at USD million in 2023 and is projected to reach USD million by 2030, at a CAGR of % during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The USA market for Global Photovoltaic Module Adhesive Materials market is estimated to increase from USD million in 2023 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.
The China market for Global Photovoltaic Module Adhesive Materials market is estimated to increase from USD million in 2023 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.
The Europe market for Global Photovoltaic Module Adhesive Materials market is estimated to increase from USD million in 2023 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.
The U.S. Market is Estimated at USD Million in 2023, While China is Forecast to Reach USD Million.
EVA Segment to Reach USD Million by 2030, with a % CAGR in next six years.
The global key manufacturers of Photovoltaic Module Adhesive Materials include Hangzhou First, STR Holdings, Inc, Mitsui Chemicals, Bridgestone Corporation, Etimex, Akcome, SWM, Changzhou Sveck Photovoltaic New Material and Zhejiang Feiyu New Energy, etc. in 2023, the global top five players have a share approximately % in terms of revenue.
The adhesive material mainly refers to the material used to protect the battery and bond the cover plate and the back plate in the module, generally a polymer hot-melt film material. Common bonding materials mainly include EVA, PVB, epoxy resin and POE, etc.
This report aims to provide a comprehensive presentation of the global market for Photovoltaic Module Adhesive Materials, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Photovoltaic Module Adhesive Materials. This report contains market size and forecasts of Photovoltaic Module Adhesive Materials in global, including the following market information:
- Global Photovoltaic Module Adhesive Materials Market Revenue, 2019-2024, 2025-2030, ($ millions)
- Global Photovoltaic Module Adhesive Materials Market Sales, 2019-2024, 2025-2030, (Tons)
- Global top five Photovoltaic Module Adhesive Materials companies in 2023 (%)
We surveyed the Photovoltaic Module Adhesive Materials manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
- EVA
- PVB
- Epoxy Resin
- POE
- Single Glass Component
- Double Glass Component
- North America (United States, Canada, Mexico)
- Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- The Middle East and Africa (Middle East, Africa)
- South and Central America (Brazil, Argentina, Rest of SCA)
- Key companies Photovoltaic Module Adhesive Materials revenues in global market, 2019-2024 (Estimated), ($ millions)
- Key companies Photovoltaic Module Adhesive Materials revenues share in global market, 2023 (%)
- Key companies Photovoltaic Module Adhesive Materials sales in global market, 2019-2024 (Estimated), (Tons)
- Key companies Photovoltaic Module Adhesive Materials sales share in global market, 2023 (%)
- Hangzhou First
- STR Holdings, Inc
- Mitsui Chemicals
- Bridgestone Corporation
- Etimex
- Akcome
- SWM
- Changzhou Sveck Photovoltaic New Material
- Zhejiang Feiyu New Energy
- Shanghai HIUV New Materials
- Eastman Chemical
- Sekisui
- Kuraray
- EVERLAMChangChun Group
Outline of Major Chapters:
Chapter 1: Introduces the definition of Photovoltaic Module Adhesive Materials, market overview.
Chapter 2: Global Photovoltaic Module Adhesive Materials market size in revenue and volume.
Chapter 3: Detailed analysis of Photovoltaic Module Adhesive Materials manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Photovoltaic Module Adhesive Materials in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Photovoltaic Module Adhesive Materials capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
Photovoltaic Module Adhesive Materials Market – View in Detailed Research Report
📊 Market Size & Definition
Product Definition: The adhesive material mainly refers to the material used to protect the battery and bond the cover plate and the back plate in the module, generally a polymer hot‑melt film material. Common bonding materials mainly include EVA, PVB, epoxy resin and POE, etc.
Top 10 Companies in the Photovoltaic Module Adhesive Materials Market (2026)
🔟 1. Hangzhou First
Headquarters: Hangzhou, China
Key Offering: EVA hot‑melt films, PVB adhesives, POE solutions
Hangzhou First is a leading manufacturer of polymer adhesives for solar modules, with a strong focus on high‑performance EVA films that enhance module durability and efficiency. The company serves major OEMs in Asia, Europe and North America.
Sustainability & Growth Initiatives:
- Investing in low‑VOC EVA formulations to reduce environmental impact
- Expanding production capacity by 20% by 2028 to meet rising solar demand
- Collaborating with universities for advanced polymer research
9️⃣ 2. STR Holdings, Inc
Headquarters: Tokyo, Japan
Key Offering: High‑temperature epoxy resins, PVB sheets
STR Holdings supplies specialty adhesives for PV modules, focusing on high‑temperature and UV‑stable resins that improve module lifespan. The company has a global distribution network and a strong R&D pipeline.
Sustainability & Growth Initiatives:
- Developing recyclable epoxy formulations
- Expanding sales in the European market through strategic partnerships
- Investing in digital traceability for supply chain transparency
8️⃣ 3. Mitsui Chemicals
Headquarters: Tokyo, Japan
Key Offering: Advanced EVA films, PVB adhesives, specialty POE
Mitsui Chemicals is a global chemical leader, providing high‑quality adhesives that meet stringent photovoltaic standards. Their EVA products are known for excellent optical clarity and low thermal shrinkage.
Sustainability & Growth Initiatives:
- Implementing a closed‑loop manufacturing process to reduce waste
- Launching a new line of bio‑based EVA in 2027
- Expanding into the South‑East Asian market
7️⃣ 4. Bridgestone Corporation
Headquarters: Tokyo, Japan
Key Offering: EVA films, PVB sheets, POE adhesives
Bridgestone, known for its tire manufacturing, has diversified into PV adhesives, offering robust EVA solutions that enhance module flexibility and weather resistance.
Sustainability & Growth Initiatives:
- Adopting renewable energy in production facilities
- Partnering with solar module OEMs for joint R&D
- Targeting a 15% reduction in carbon footprint by 2030
6️⃣ 5. Etimex
Headquarters: Shanghai, China
Key Offering: EVA hot‑melt films, PVB sheets, epoxy resins
Etimex specializes in high‑grade adhesive films for PV modules, with a strong focus on cost‑effective solutions for emerging markets.
Sustainability & Growth Initiatives:
- Implementing water‑recycling systems in factories
- Expanding R&D for low‑VOC adhesives
- Strategic joint ventures in Southeast Asia
5️⃣ 6. Akcome
Headquarters: Tokyo, Japan
Key Offering: EVA films, POE, PVB sheets
Akcome offers a portfolio of polymer adhesives tailored for PV modules, focusing on high‑temperature performance and optical clarity.
Sustainability & Growth Initiatives:
- Developing biodegradable adhesive options
- Expanding production capacity in China by 2029
- Investing in AI‑driven quality control
4️⃣ 7. SWM
Headquarters: Shanghai, China
Key Offering: EVA hot‑melt films, PVB sheets, epoxy resins
SWM is a leading supplier of PV adhesives in China, providing cost‑efficient solutions that meet global standards.
Sustainability & Growth Initiatives:
- Adopting green chemistry practices in production
- Expanding sales to Europe and the Middle East
- Investing in renewable energy for plants
3️⃣ 8. Changzhou Sveck Photovoltaic New Material
Headquarters: Changzhou, China
Key Offering: EVA films, PVB sheets, POE solutions
Changzhou Sveck focuses on innovative polymer adhesives for PV modules, with a strong emphasis on high‑temperature resistance and optical performance.
Sustainability & Growth Initiatives:
- Implementing ISO 14001 environmental management systems
- Expanding R&D for recyclable adhesive films
- Targeting 20% growth in the EU market by 2028
2️⃣ 9. Zhejiang Feiyu New Energy
Headquarters: Hangzhou, China
Key Offering: EVA films, PVB sheets, POE adhesives
Zhejiang Feiyu New Energy supplies high‑performance PV adhesives, with a focus on lightweight and flexible films for thin‑film modules.
Sustainability & Growth Initiatives:
- Investing in green manufacturing technologies
- Expanding production capacity in 2027
- Collaborating with research institutes on polymer recycling
1️⃣ 10. Shanghai HIUV New Materials
Headquarters: Shanghai, China
Key Offering: EVA hot‑melt films, PVB sheets, epoxy resins
Shanghai HIUV New Materials provides a range of adhesive solutions for PV modules, emphasizing high durability and low thermal expansion.
Sustainability & Growth Initiatives:
- Adopting renewable energy for manufacturing
- Developing low‑VOC adhesive formulations
- Expanding into the Asian and African markets
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🌍 Outlook
The Photovoltaic Module Adhesive Materials market is poised for robust growth as global solar installations surge. Technological advancements in EVA and POE, coupled with stringent quality standards, are driving demand for high‑performance adhesives. Market players are focusing on sustainability, cost efficiency, and expanding production capacities to meet the rising demand in emerging economies.
📈 Future Trends
- Accelerated adoption of low‑VOC and recyclable adhesive formulations
- Growth of thin‑film solar modules requiring flexible, lightweight adhesives
- Increased collaboration between adhesive manufacturers and PV module OEMs for integrated solutions
- Expansion of digital traceability and quality control systems in adhesive production
- Rising demand in Asia‑Pacific, especially China and India, driven by aggressive renewable targets
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