The Global Photovoltaic Module Adhesive Materials Market was valued at USD 1.85 Billion in 2024 and is projected to reach USD 3.12 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 9.1% during the forecast period (2024–2030). This robust growth is propelled by the global expansion of solar energy capacity, the increasing adoption of bifacial and high-efficiency solar panels, and stringent quality requirements for durable module encapsulation and lamination.

As the solar industry advances towards higher efficiencies and longer lifespans, the critical role of adhesive materials in ensuring module integrity, durability, and performance is more prominent than ever. In this article, we profile the Top 10 Companies in the Photovoltaic Module Adhesive Materials Industry—specialty chemical producers and material scientists who are developing the advanced bonding solutions essential for the future of solar power.

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🔟 1. Hangzhou First Applied Material Co., Ltd.

Headquarters: Hangzhou, Zhejiang, China
Key Offering: EVA (Ethylene-Vinyl Acetate) Encapsulation Films, POE (Polyolefin Elastomer) Films

Hangzhou First is a global leader in photovoltaic encapsulation films, supplying a significant portion of the world’s EVA and POE adhesive films used in solar module manufacturing. The company is renowned for its high-volume production capabilities and consistent product quality, serving major module producers globally.

Innovation & Sustainability Initiatives:

• Mass production of high-transmittance, anti-PID EVA films

• Leading R&D in advanced POE films for double-glass modules

• Commitment to reducing the carbon footprint of film production processes

Download FREE Sample Report: Photovoltaic Module Adhesive Materials Market – View in Detailed Research Report

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9️⃣ 2. STR Holdings, Inc.

Headquarters: Enfield, Connecticut, USA
Key Offering: Specialty EVA Encapsulants, Advanced Polyolefin-based Films

STR Holdings is a pioneer in the development of specialty encapsulants for the solar industry. With a strong focus on material science, the company produces adhesive films that enhance module longevity and resistance to environmental degradation, such as moisture ingress and UV exposure.

Innovation & Sustainability Initiatives:

• Development of fast-cure and low-corrosion encapsulant formulations

• Focus on improving the durability and performance of adhesive materials in harsh climates

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8️⃣ 3. Mitsui Chemicals, Inc.

Headquarters: Tokyo, Japan
Key Offering: EVA Resins, Adhesive Primers, Specialty Polyolefins

Mitsui Chemicals is a major global chemical company with a significant presence in the solar materials sector. It supplies high-purity EVA resin and develops specialized adhesive solutions that meet the demanding performance standards of next-generation photovoltaic modules.

Innovation & Sustainability Initiatives:

• R&D into novel encapsulant materials with enhanced weatherability

• Development of adhesive systems for emerging cell technologies like heterojunction (HJT)

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7️⃣ 4. Bridgestone Corporation

Headquarters: Tokyo, Japan
Key Offering: EVA-based Hot-Melt Adhesive Films

Leveraging its expertise in polymer science from the tire industry, Bridgestone produces high-performance EVA films for solar module lamination. The company focuses on materials that offer excellent adhesion, clarity, and long-term stability under thermal cycling.

Innovation & Sustainability Initiatives:

• Application of advanced polymer compounding technologies to adhesive films

• Initiatives to incorporate recycled content into material streams

Download FREE Sample Report: Photovoltaic Module Adhesive Materials Market – View in Detailed Research Report

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6️⃣ 5. SWM International (SWM)

Headquarters: Alpharetta, Georgia, USA
Key Offering: Specialty Papers and Nonwovens for Lamination, Adhesive Carriers

SWM provides critical components used in the module lamination process, including specialty materials that serve as carriers or reinforcements within the adhesive system. Their products contribute to the structural integrity and manufacturing efficiency of solar panels.

Innovation & Sustainability Initiatives:

• Development of high-temperature stable carrier materials

• Focus on sustainable forestry and responsible sourcing for paper-based products

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5️⃣ 6. Changzhou Sveck Photovoltaic New Material Co., Ltd.

Headquarters: Changzhou, Jiangsu, China
Key Offering: EVA Encapsulation Films, Backsheet Adhesives

Changzhou Sveck is a key Chinese manufacturer specializing in photovoltaic encapsulation materials. The company has established a strong market presence by offering cost-effective and reliable EVA films tailored to the needs of domestic and international solar panel producers.

Innovation & Sustainability Initiatives:

• Expansion of production capacity for high-performance EVA and POE films

• Investment in automation to ensure consistent product quality

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4️⃣ 7. Zhejiang Feiyu New Energy Co., Ltd.

Headquarters: Jiaxing, Zhejiang, China
Key Offering: EVA Film, POE Film, Integrated Backsheet Solutions

Zhejiang Feiyu New Energy is a rapidly growing supplier of encapsulation films and backsheet materials. The company focuses on innovation to improve the anti-PID (Potential Induced Degradation) properties and overall reliability of its adhesive products.

Innovation & Sustainability Initiatives:

• Development of ultra-high volume resistivity encapsulants to prevent PID

• Strategic partnerships with raw material suppliers to secure supply chains

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3️⃣ 8. Shanghai HIUV New Materials Co., Ltd.

Headquarters: Shanghai, China
Key Offering: Transparent Conductive Adhesives, Specialty Encapsulants

Shanghai HIUV focuses on high-value, specialized adhesive materials for advanced photovoltaic applications. This includes products for smart modules and building-integrated photovoltaics (BIPV), where optical clarity and specific adhesion properties are critical.

Innovation & Sustainability Initiatives:

• R&D in adhesives for perovskite and tandem solar cells

• Development of materials that enable new module designs and functionalities

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2️⃣ 9. Kuraray Co., Ltd.

Headquarters: Tokyo, Japan
Key Offering: PVB (Polyvinyl Butyral) Films, Specialty Polymers

Kuraray is a world-leading producer of PVB, a key adhesive interlayer material commonly used in laminated glass and increasingly adopted in certain double-glass photovoltaic module designs. Their materials offer excellent optical properties and strong bonding strength.

Innovation & Sustainability Initiatives:

• Development of PVB formulations optimized for solar module applications

• Commitment to sustainable manufacturing and reducing VOC emissions

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1️⃣ 10. Eastman Chemical Company

Headquarters: Kingsport, Tennessee, USA
Key Offering: Specialty Copolyesters, Adhesive Polymers

Eastman Chemical provides high-performance polymers that can be used in backsheets and other adhesive components of photovoltaic modules. Their materials are engineered for exceptional durability, UV resistance, and adhesion to various substrates.

Innovation & Sustainability Initiatives:

• Advanced polymer platforms for enhanced module longevity

• Focus on circular economy principles, including molecular recycling technologies

Get Full Report Here: Photovoltaic Module Adhesive Materials Market – View in Detailed Research Report

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🔬 Outlook: The Future of PV Adhesive Materials is Smarter and More Durable

The photovoltaic module adhesive materials market is undergoing a significant evolution. While traditional EVA remains the volume leader, the industry is rapidly adopting advanced materials like POE and PVB to meet the demands of new module architectures and harsher operating environments.

📈 Key Trends Shaping the Market:

• Accelerated adoption of POE films for double-glass modules to combat PID

• Development of adhesive systems compatible with high-temperature cell soldering processes

• Rising demand for materials that enable longer module warranties (30+ years)

• Innovation in recycling-compatible adhesives to support end-of-life module circularity

Get Full Report Here: Photovoltaic Module Adhesive Materials Market – View in Detailed Research Report

The companies listed above are not only supplying essential materials for today’s solar panels—they’re engineering the advanced adhesives that will secure the performance and profitability of tomorrow’s solar farms and rooftop installations.