The Global EVA-based Solar Encapsulants Market was valued at USD 3.52 Billion in 2024 and is projected to reach USD 12.70 Billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 16.2% during the forecast period (2024–2032). This growth is being driven by accelerating global solar capacity additions, which reached 413 GW in 2023, technological advancements in anti-PID formulations, and the rising demand for durable photovoltaic modules from emerging markets and utility-scale projects.

As the solar industry surges toward unprecedented capacity expansion and higher efficiency standards, the focus turns to the encapsulant manufacturers powering module reliability and longevity. In this blog, we profile the Top 10 Companies in the EVA-based Solar Encapsulants Industry—a blend of polymer specialists, Asian powerhouses, and global innovators advancing protective films for the photovoltaic revolution.

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🔟 1. Vishakha Renewables

Headquarters: Ahmedabad, India
Key Offering: Transparent EVA Films, Anti-PID EVA, Bifacial-Compatible Encapsulants

Vishakha Renewables is a rising star in India’s solar materials sector, supplying high-quality EVA encapsulants tailored for the country’s booming distributed generation market. The company focuses on formulations optimized for tropical climates, ensuring superior adhesion and moisture resistance in challenging environmental conditions. With India’s solar capacity projected to grow significantly, Vishakha is positioning itself as a key local supplier to major panel manufacturers.

Innovation Initiatives:

• Development of UV-stabilized EVA for extended module warranties
• Partnerships with Indian PV assemblers for customized solutions
• Focus on cost-effective formulations for residential and commercial solar

Download FREE Sample Report: EVA-based Solar Encapsulants Market – View in Detailed Research Report

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9️⃣ 2. Zhejiang Feiyu New Energy Co. Ltd.

Headquarters: Jiaxing, Zhejiang, China
Key Offering: White EVA Films, Fast-Cure EVA, High-Transmission Encapsulants

Zhejiang Feiyu specializes in EVA films for silicon solar cell modules, serving a wide range of Chinese and export PV producers. Known for its rapid production scaling capabilities, the company has invested heavily in capacity expansion to meet the demands of Asia’s dominant solar manufacturing hub. Its products emphasize high light transmittance of 91-92% and compatibility with PERC and bifacial technologies.

Innovation Initiatives:

• Ultra-fast curing EVA reducing lamination times
• Enhanced cross-linking efficiency up to 85-90%
• R&D in recyclable EVA compositions

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8️⃣ 3. TPI Polene

Headquarters: Bangkok, Thailand
Key Offering: EVA for Photovoltaic Glass Encapsulation, Moisture-Resistant Films

TPI Polene leverages its strong polymer production expertise to deliver EVA encapsulants optimized for Southeast Asian climates. The company supplies to regional solar projects and benefits from Thailand’s growing renewable energy push. Its films are noted for excellent thermal stability and adhesion, making them ideal for double-glass modules and building-integrated PV applications.

Innovation Initiatives:

• Specialized EVA for high-temperature operations
• Collaborations with Thai solar developers
• Improvements in backsheet encapsulation technology

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7️⃣ 4. Haiyou New Materials

Headquarters: Jiangsu Province, China
Key Offering: Anti-PID EVA Films, Transparent and White Variants

Haiyou New Materials is a dedicated producer of advanced EVA encapsulants, focusing on anti-PID properties to prevent potential-induced degradation in high-voltage systems. Operating from China’s solar heartland, the firm supplies major module assemblers with films that enhance energy yield and module lifespan beyond 25 years. Its growth aligns with China’s massive PV installations exceeding 55% of global additions.

Innovation Initiatives:

• Anti-PID formulations for utility-scale projects
• High adhesion EVA for thin-film modules
• Sustainable production processes reducing emissions

Download FREE Sample Report: EVA-based Solar Encapsulants Market – View in Detailed Research Report

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6️⃣ 5. Changzhou Sveck

Headquarters: Changzhou, China
Key Offering: Bifacial EVA Films, UV-Resistant Encapsulants

Changzhou Sveck excels in producing EVA films for bifacial solar modules, which now capture over 30% market share. The company’s vertically integrated operations ensure consistent quality and competitive pricing, making it a preferred supplier for export-oriented Chinese manufacturers. Sveck’s emphasis on UV stability and low yellowness index supports higher bifaciality and overall system efficiency.

Innovation Initiatives:

• Bifacial-optimized ultra-clear EVA
• Enhanced moisture barrier properties
• Certifications for IEC and UL standards

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5️⃣ 6. 3M Company

Headquarters: St. Paul, Minnesota, USA
Key Offering: Premium EVA Encapsulants, High-Performance Films for North America

3M brings its renowned materials science prowess to EVA encapsulants, commanding premium pricing in North America and Europe due to superior durability. The company’s products feature advanced additives for exceptional UV resistance and thermal management, ideal for utility-scale projects under the Inflation Reduction Act. 3M’s global footprint supports diverse applications from silicon cells to building-integrated PV.

Innovation Initiatives:

• Proprietary additives for extended warranties
• Anti-PID solutions for high-voltage systems
• Low-carbon manufacturing initiatives

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4️⃣ 7. Hanwha Chemical

Headquarters: Seoul, South Korea
Key Offering: EVA for Southeast Asia Markets, Durable Encapsulants

Hanwha Chemical has aggressively expanded in Southeast Asia through partnerships with local panel makers, supplying robust EVA films suited for humid and hot environments. Leveraging Korea’s tech expertise, Hanwha delivers encapsulants with high cross-linking and adhesion for silicon and thin-film modules. The company’s strategic positioning taps into regional solar growth driven by policy incentives.

Innovation Initiatives:

• Climate-optimized formulations for SEA
• Strategic alliances with module producers
• R&D in next-gen PV technologies

Download FREE Sample Report: EVA-based Solar Encapsulants Market – View in Detailed Research Report

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3️⃣ 8. Mitsui Chemicals

Headquarters: Tokyo, Japan
Key Offering: Advanced EVA Films, Next-Gen Encapsulants

Mitsui Chemicals, part of the combined 25% market share with STR Holdings, excels in sophisticated EVA formulations featuring improved UV stability and moisture resistance. The 2024 collaboration with First Solar underscores its leadership in thin-film module encapsulants. Mitsui’s polymer expertise ensures optimal light transmission and long-term reliability for global PV deployments.

Innovation Initiatives:

• Partnerships for thin-film advancements
• High-performance cross-linked EVA
• Sustainability-focused R&D

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2️⃣ 9. STR Holdings

Headquarters: Enfield, Connecticut, USA
Key Offering: Durable EVA Encapsulants, UV-Stable Films

STR Holdings complements Mitsui in holding nearly 25% market share through premium EVA products that prioritize module durability and efficiency. Specializing in formulations for harsh environments, STR supports extended warranties over 25 years with superior adhesion and thermal stability. Its focus on innovation helps North American and European manufacturers meet stringent quality standards.

Innovation Initiatives:

• Advanced UV and thermal stability
• Formulations for bifacial modules
• Quality consistency in high-volume production

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1️⃣ 10. Hangzhou First PV Material Co.

Headquarters: Hangzhou, China
Key Offering: Transparent EVA, White EVA, Full Range Encapsulants

Hangzhou First PV Material Co. leads with 18% global market share, thanks to vertically integrated operations and unmatched scale. Dominating Asia-Pacific’s 60% demand, it supplies transparent films with 91-92% transmittance for silicon modules. The company’s pricing power and quality consistency make it indispensable for China’s solar dominance and worldwide exports.

Innovation Initiatives:

• Vertically integrated high-volume production
• Anti-PID and bifacial innovations
• Expansion for emerging market growth

Read Full Report: EVA-based Solar Encapsulants Market – View in Detailed Research Report

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🌍 Outlook: The Future of EVA-based Solar Encapsulants Is More Efficient and Sustainable

The EVA-based solar encapsulants market is experiencing rapid evolution, with traditional formulations evolving amid competition from POE and demands for recyclability. Industry leaders are investing heavily in anti-PID tech, bifacial compatibility, and low-carbon processes to support global solar reaching 5,800 GW by 2032.

📈 Key Trends Shaping the Market:

• Rapid expansion in Asia-Pacific and emerging solar markets like India and Brazil
• Regulatory pushes for sustainable materials and circular economy compliance
• Digital quality control and supply chain optimization for consistency
• Module manufacturer alliances for advanced formulations and certifications

Read Full Report: EVA-based Solar Encapsulants Market – View in Detailed Research Report

The companies listed above are not only encapsulating solar modules—they’re pioneering the durable, efficient transition to terawatt-scale photovoltaics.