The Global Photovoltaic PVB Film Market was valued at US$ 89 million in 2023 and is projected to reach US$ 117.2 million by 2030, growing at a Compound Annual Growth Rate (CAGR) of 4.1% during the forecast period (2023–2030). This steady growth is being driven by the rapid global expansion of solar energy installations, increasing demand for high-performance encapsulant materials, and the growing emphasis on long-term photovoltaic module durability and efficiency across both utility-scale and distributed solar applications.

As the solar energy industry accelerates toward greater adoption worldwide, the spotlight is on the key material suppliers who are driving innovation, product performance, and sustainable manufacturing practices. In this blog, we profile the Top 10 Companies in the Photovoltaic PVB Film Industry—a mix of global chemical leaders, specialty film manufacturers, and emerging Asian producers shaping the future of solar encapsulation technology.

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🕁 1. Eastman Chemical Company

Headquarters: Kingsport, Tennessee, USA
Key Offering: Polyvinyl Butyral (PVB) Films for photovoltaic and architectural applications

Eastman Chemical is one of the most recognized names in the global PVB film landscape. The company produces high-quality PVB interlayer solutions used in solar modules, automotive glass, and architectural safety glass. For photovoltaic applications, Eastman’s films are engineered to deliver superior optical clarity, excellent adhesion to glass and solar cells, and outstanding moisture resistance—all of which are critical for long module service life.

Key Strengths:

• Decades of expertise in PVB polymer chemistry and film processing

• Strong global supply chain and distribution network

• Ongoing R&D investment in next-generation encapsulant formulations

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Photovoltaic PVB Film Market – View in Detailed Research Report

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9️€ 2. Sekisui Chemical Co., Ltd.

Headquarters: Osaka, Japan
Key Offering: S-LEC™ PVB Film for solar and safety glass applications

Sekisui Chemical is a global leader in PVB interlayer manufacturing, best known for its S-LEC™ brand films that serve both the automotive and photovoltaic industries. The company has invested substantially in optimizing its PVB formulations specifically for solar module lamination, where film uniformity, bubble-free processing, and long-term hydrolytic stability are paramount. Sekisui’s deep technical knowledge in polymer science gives it a distinct competitive advantage in meeting the strict quality requirements of Tier 1 solar module manufacturers.

Key Strengths:

• Industry-leading S-LEC™ PVB technology with proven solar module track record

• Strong presence across Asia-Pacific, Europe, and North America

• Commitment to environmental sustainability in production processes

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8️€ 3. Kuraray Co., Ltd.

Headquarters: Tokyo, Japan
Key Offering: TROSIFOL™ and MOWITAL™ PVB resins and films

Kuraray is one of the world’s leading producers of PVB resin and film products, operating through its well-established TROSIFOL™ brand for architectural and photovoltaic applications. The company’s photovoltaic PVB films are designed for use in crystalline silicon and thin-film solar modules, delivering excellent encapsulation performance under a wide range of environmental conditions. Kuraray has also been proactive in expanding its production capacity to meet increasing global solar demand, particularly in Europe and Asia.

Key Strengths:

• Globally recognized TROSIFOL™ brand with a reputation for consistent quality

• Broad product range from standard to specialty PVB grades

• Active expansion of production footprint to serve growing solar markets

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Photovoltaic PVB Film Market – View in Detailed Research Report

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7️€ 4. EVERLAM

Headquarters: Zele, Belgium
Key Offering: PVB interlayer films for solar and architectural laminated glass

EVERLAM is a Belgium-based specialty manufacturer that has carved out a strong niche in the European PVB film market. Spun off from Solutia (now Eastman), EVERLAM operates a dedicated production facility and focuses on delivering high-performance PVB interlayers for both safety glass and photovoltaic encapsulation. The company is particularly valued for its technical responsiveness and ability to customize product specifications to meet the precise requirements of solar module manufacturers. Furthermore, its geographic positioning within Europe makes it a preferred supplier for the region’s rapidly growing solar installation base.

Key Strengths:

• Specialized focus on PVB film quality and application-specific customization

• Strong reputation in the European solar and architectural glass sectors

• Agile manufacturing capabilities enabling faster product development cycles

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6️€ 5. ChangChun Group

Headquarters: Taoyuan City, Taiwan
Key Offering: PVB resin and film products for photovoltaic and industrial applications

ChangChun Group is one of Asia’s largest chemical conglomerates, with a robust portfolio of PVB resin and film products serving the photovoltaic, electronics, and specialty coatings industries. The company has established itself as a key supplier to solar module manufacturers across East Asia, benefiting from its vertically integrated production capabilities that span from raw material processing to finished PVB film. ChangChun’s scale and cost efficiency allow it to compete effectively in the price-sensitive segments of the solar encapsulant market, while its technical teams continue to improve film performance characteristics for higher-efficiency module designs.

Key Strengths:

• Vertically integrated production from PVB resin to finished encapsulant film

• Competitive cost structure serving high-volume solar manufacturers in Asia

• Broad chemical portfolio enabling cross-product synergies

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5️€ 6. Kingboard Chemical Holdings

Headquarters: Hong Kong, China
Key Offering: PVB film and specialty chemical products for industrial and solar uses

Kingboard Chemical Holdings is a diversified chemical manufacturer with a significant footprint in the PVB film segment. The company primarily serves industrial, electronics, and solar encapsulation markets across Asia. Kingboard’s manufacturing infrastructure in mainland China positions it well to supply the world’s largest solar production hub, where demand for encapsulant materials including PVB film continues to grow year over year. The group’s established relationships with Chinese solar panel manufacturers give it a stable demand base and strong visibility into near-term market requirements.

Key Strengths:

• Strong manufacturing base in China serving domestic and export markets

• Established relationships with leading solar module producers in the region

• Diversified chemical operations providing financial stability and investment capacity

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

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4️€ 7. Huakai Plastic Co., Ltd.

Headquarters: Zhejiang, China
Key Offering: PVB film for photovoltaic encapsulation and safety glass

Huakai Plastic is an established Chinese manufacturer of PVB film with a growing presence in the photovoltaic encapsulation segment. The company has invested in modernizing its production lines to meet the increasingly stringent performance standards demanded by solar module manufacturers. Huakai’s products are used in both transparent and opaque PVB film configurations, serving hull cell and crystal cell solar module applications. As China remains the dominant force in global solar manufacturing, domestic suppliers like Huakai are well-positioned to capture growing demand driven by both local installations and export-oriented module production.

Key Strengths:

• Focused product development for photovoltaic-grade PVB film specifications

• Competitive pricing supported by efficient domestic manufacturing

• Growing export customer base across Southeast Asia and beyond

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3️€ 8. Zhejiang Decent Plastic Co., Ltd.

Headquarters: Zhejiang, China
Key Offering: PVB interlayer film for solar modules and laminated glass

Zhejiang Decent Plastic has built a solid reputation as a reliable supplier of PVB interlayer films for both the construction and photovoltaic industries in China and neighboring markets. The company’s solar-grade PVB films are designed to provide stable encapsulation performance over a 25-year module lifespan, meeting the durability requirements that utility-scale and commercial solar project developers demand. However, what truly sets Decent Plastic apart is its responsiveness to customer specifications and its ability to scale production in line with rapid shifts in solar market demand—a critical capability in today’s fast-moving clean energy sector.

Key Strengths:

• Proven track record in solar-grade PVB film manufacturing

• Flexible production capabilities accommodating custom specifications

• Strong domestic market presence with expanding international reach

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2️€ 9. Xinfu Pharm (Xinfu New Material)

Headquarters: China
Key Offering: PVB resin and film solutions for photovoltaic and specialty applications

Xinfu Pharm, operating under its new materials division, has entered the photovoltaic PVB film space as part of a broader strategy to diversify into high-growth specialty chemicals segments. The company produces PVB resin that serves as a key upstream input for film manufacturers, while also developing downstream film products for direct supply to solar module lamination processes. Xinfu’s investment in R&D has allowed it to improve resin purity levels and film processing characteristics, making its products increasingly competitive against more established global players. This positions the company as an important emerging supplier, particularly for cost-conscious solar manufacturers seeking reliable domestic sourcing options.

Key Strengths:

• Integrated PVB resin-to-film production capability

• Active R&D investment improving product quality and performance

• Emerging competitive position in China’s rapidly growing solar materials market

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1️€ 10. Rehone Plastic / Tanshan Jichang New Material

Headquarters: China
Key Offering: PVB film for photovoltaic encapsulation and industrial glass applications

Rounding out the top ten are Rehone Plastic and Tanshan Jichang New Material, two Chinese manufacturers that have steadily gained traction in the photovoltaic PVB film market by focusing on product reliability and competitive pricing. Both companies serve the growing domestic solar manufacturing ecosystem, providing encapsulant films compatible with hull cell and crystal cell module formats. Their production facilities are geared toward meeting the volume demands of China’s solar supply chain, which continues to account for the vast majority of global panel output. While these companies are still building their international brand recognition, their technical capabilities and manufacturing scale make them important contributors to the overall supply landscape.

Key Strengths:

• Cost-competitive manufacturing for high-volume domestic solar supply chains

• Compatibility with a range of module types including hull cell and crystal cell formats

• Growing technical expertise and quality systems aligned with international standards

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Photovoltaic PVB Film Market – View in Detailed Research Report

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🌍 Outlook: The Future of Photovoltaic PVB Film Is Brighter Than Ever

The photovoltaic PVB film market is undergoing a meaningful transformation. While the material has long served as a proven encapsulation solution, the sheer scale of global solar deployment is pushing manufacturers to innovate faster, produce more efficiently, and deliver films that can withstand increasingly demanding operating environments. By the end of 2022, global cumulative installed photovoltaic capacity reached approximately 1,180 GW, and annual new installations are forecast to exceed 280–330 GW in the near term—trends that directly translate into expanding demand for high-quality encapsulant materials like PVB film.

China remains the undisputed center of global PV production, accounting for over 80% of supply chain output across silicon wafers, solar cells, and finished modules. This reality means that Chinese PVB film manufacturers are increasingly central to the global market dynamic, even as international players from Japan, Europe, and the United States continue to command premium segments through brand strength and technical differentiation. Furthermore, the European Union’s accelerating solar deployment—with 27 EU countries adding 41.4 GW of new capacity in 2022 alone—and the United States’ projected annual photovoltaic growth rate of over 21% from 2023 onward are creating new demand pools that regional and global PVB film suppliers are actively positioning to serve.

📈 Key Trends Shaping the Photovoltaic PVB Film Market:

• Rapid expansion of solar installation capacity across Asia-Pacific, Europe, and North America driving consistent volume growth for encapsulant materials

• Rising demand for transparent PVB film in building-integrated photovoltaic (BIPV) applications and dual-glass module designs

• Growing preference for encapsulants with enhanced UV resistance, low moisture vapor transmission, and high optical transmittance to support higher-efficiency module architectures

• Increasing competitive pressure from alternative encapsulants such as EVA and POE, pushing PVB manufacturers to differentiate on performance and total cost of ownership

• Strategic investments by leading players in capacity expansion and product innovation to serve the next generation of heterojunction (HJT) and TOPCon solar cell technologies

Get Full Report Here:
Photovoltaic PVB Film Market – View in Detailed Research Report

The companies profiled above are not only supplying a critical material to the global solar industry—they are actively shaping the quality, reliability, and long-term performance of the photovoltaic modules that will power the world’s clean energy transition for decades to come.