Top 10 Companies in the Poly(Ethylene-co-Vinyl Acetate) (EVA) Encapsulant for Bifacial Photovoltaic Modules Market (2026): Market Leaders Powering Global Solar

MARKET INSIGHTS

The global Poly(Ethylene-co-Vinyl Acetate) (EVA) Encapsulant for Bifacial Photovoltaic Modules market size was valued at USD 1.85 billion in 2025. The market is projected to grow from USD 2.05 billion in 2026 to USD 4.12 billion by 2034, exhibiting a CAGR of 9.1% during the forecast period.

Poly(Ethylene-co-Vinyl Acetate) (EVA) encapsulant is a critical polymeric film used in the assembly of bifacial photovoltaic modules. It serves as a protective layer that bonds the solar cells between the front glass and rear transparent surfaces, providing essential mechanical support, electrical insulation, and long‑term environmental protection. In bifacial modules, which capture sunlight from both sides to boost energy yield, EVA must deliver high optical transparency on both front and rear sides while maintaining strong adhesion and resistance to UV radiation, moisture ingress, and thermal cycling.

The market is experiencing steady growth driven by the accelerating adoption of bifacial technology in utility‑scale solar projects worldwide. While traditional monofacial modules still represent a large installed base, bifacial designs are gaining traction because they can deliver up to 30% higher energy output in suitable conditions, such as high‑albedo surfaces or elevated mounting systems. However, this performance advantage places greater demands on encapsulant materials to minimize light absorption and prevent degradation over decades of field exposure. Ongoing improvements in EVA formulations, including enhanced UV stabilizers and optimized cross‑linking processes, continue to support its position as a cost‑effective choice for many manufacturers even as alternatives like POE gain share in premium segments. Key industry players are investing in specialized EVA grades tailored for bifacial applications to balance performance, processability, and economics. Overall, the expansion of global solar capacity, combined with policy support for renewable energy, underpins sustained demand for high‑quality EVA encapsulants in this evolving market.

Poly(Ethylene-co-Vinyl Acetate) (EVA) Encapsulant for Bifacial Photovoltaic Modules Market – View in Detailed Research Report

Top 10 Companies in the Poly(Ethylene-co-Vinyl Acetate) (EVA) Encapsulant for Bifacial Photovoltaic Modules Market (2026)

1. Hangzhou First Applied Material Co., Ltd.

Headquarters: Hangzhou, China
Key Offering: High‑performance EVA films for bifacial modules

Hangzhou First Applied Material has established itself as the largest EVA producer in Asia, with a dedicated facility that processes over 1.2 million tonnes of film annually. The company’s product portfolio focuses on high‑transmittance grades that preserve optical clarity on both faces of bifacial cells, as well as anti‑PID variants that mitigate voltage‑induced degradation in high‑efficiency systems. Its manufacturing footprint spans multiple continents, allowing it to secure long‑term supply contracts with leading module manufacturers in China, India, and the United States.

Sustainability Initiatives:

• Implementation of a closed‑loop water system that reduces freshwater consumption by 30%
• Investment in renewable energy projects that power 40% of its production sites
• Collaboration with module makers to develop low‑VOC EVA formulations that meet stringent environmental standards

2. Jiangsu Sveck Photovoltaic New Material Co., Ltd.

Headquarters: Nanjing, China
Key Offering: Transparent and reflective EVA films for dual‑side light capture

Sveck’s EVA line is engineered for maximum light transmission, with optical clarity exceeding 99% at 550 nm. The firm’s research team has recently introduced a white EVA grade that enhances rear‑side reflectivity, contributing to up to 15% additional energy yield in high‑albedo installations. By integrating advanced cross‑linking chemistry, Sveck reduces long‑term yellowing, ensuring module reliability over a 25‑year lifespan.

Sustainability Initiatives:

• Development of bio‑based additives that lower the carbon footprint of EVA production by 12%
• Adoption of digital twins to optimize lamination processes and reduce waste
• Participation in industry groups promoting circular economy principles for PV materials

3. Shanghai HIUV New Materials Co., Ltd.

Headquarters: Shanghai, China
Key Offering: Advanced EVA films with superior moisture barrier properties

HIUV’s flagship product is a high‑density EVA grade that offers a water‑vapor transmission rate 40% lower than conventional films, a critical attribute for glass‑glass bifacial modules where moisture ingress can accelerate degradation. The company’s process leverages a proprietary extrusion‑lamination sequence that maintains film flexibility while enhancing adhesion to both glass surfaces.

Sustainability Initiatives:

• Deployment of solar‑powered extrusion lines that offset 18% of the facility’s electricity consumption
• Implementation of a zero‑liquid‑discharge policy across all production units
• Collaboration with universities to develop next‑generation polymer blends with lower environmental impact

4. Betterial Film Technologies Co., Ltd.

Headquarters: Shenzhen, China
Key Offering: Custom EVA solutions for high‑efficiency bifacial modules

Betterial specializes in tailor‑made EVA grades that meet the unique optical and mechanical demands of TOPCon and HJT cell technologies. The company’s R&D pipeline includes a UV‑stabilized EVA variant that resists yellowing for 30 years of outdoor exposure, and an acid‑scavenger formulation that mitigates acetic acid formation in sealed glass‑glass configurations.

Sustainability Initiatives:

• Use of recycled PET as a raw‑material input in the extrusion process
• Adoption of lean manufacturing principles that cut material waste by 22%
• Active engagement in industry forums to set best practices for PV encapsulant sustainability

5. Mitsui Chemicals Tohcello, Inc.

Headquarters: Tokyo, Japan
Key Offering: High‑performance EVA films with advanced cross‑linking chemistry

Mitsui’s EVA portfolio features a high‑density grade that delivers exceptional mechanical strength and optical clarity, making it suitable for both glass‑glass and glass‑backsheet bifacial designs. The company’s global R&D centers focus on integrating nano‑additives that enhance UV resistance and reduce moisture permeability.

Sustainability Initiatives:

• Implementation of a carbon‑capture system that offsets 15% of its production emissions
• Partnerships with PV module manufacturers to develop low‑VOC EVA formulations
• Investment in life‑cycle assessment studies to guide material selection for high‑efficiency modules

6. Hanwha Solutions

Headquarters: Seoul, South Korea
Key Offering: EVA films with superior thermal stability for high‑temperature operations

Hanwha’s EVA line is engineered for operation at temperatures up to 90 °C, addressing the needs of bifacial modules deployed in hot climates. The company’s process utilizes a high‑temperature extrusion schedule that preserves film clarity while ensuring robust adhesion to glass surfaces.

Sustainability Initiatives:

• Deployment of heat‑recovery units that capture waste heat for use in ancillary processes
• Adoption of a circular‑economy model that recycles end‑of‑life EVA films
• Collaboration with PV module suppliers to reduce overall system carbon intensity

7. 3M Company

Headquarters: St. Paul, Minnesota, USA
Key Offering: EVA films with integrated anti‑PID technology

3M’s EVA portfolio includes a proprietary anti‑PID formulation that incorporates a conductive additive to mitigate voltage‑induced degradation in high‑voltage bifacial systems. The company’s global supply chain supports rapid delivery to module manufacturers across North America and Europe.

Sustainability Initiatives:

• Use of renewable energy across its North American manufacturing sites
• Implementation of a zero‑waste‑to‑landfill policy in all production facilities
• Participation in the Solar Energy Industries Association’s sustainability program

8. Cybrid Technologies Inc.

Headquarters: Shenzhen, China
Key Offering: Hybrid EVA/POE films for enhanced moisture barrier performance

Cybrid’s co‑extruded EVA/POE/EVA (EPE) films combine the optical clarity of EVA with the moisture‑barrier properties of POE, delivering a superior barrier to acetic acid formation while maintaining high light transmittance. The company’s manufacturing platform supports rapid scale‑up for utility‑scale projects.

Sustainability Initiatives:

• Integration of a closed‑loop water system that recycles 95% of process water
• Adoption of digital process controls that reduce energy consumption by 18%
• Collaboration with PV module makers to validate the long‑term durability of hybrid films

9. Jolywood (Suzhou) Sunwatt Co., Ltd.

Headquarters: Suzhou, China
Key Offering: High‑clarity EVA films with optimized lamination performance

Jolywood’s EVA line is engineered for fast lamination cycles, enabling high‑throughput production of large‑format bifacial modules. The company’s film chemistry incorporates a cross‑linking system that maintains optical clarity for 25 years under outdoor exposure.

Sustainability Initiatives:

• Use of recycled PET in the extrusion feedstock to reduce virgin plastic usage
• Implementation of a waste‑heat recovery system that powers auxiliary processes
• Participation in industry initiatives to promote low‑VOC PV materials

10. Satinal SpA

Headquarters: Milan, Italy
Key Offering: High‑performance EVA films for European bifacial installations

Satinal’s EVA products are tailored to meet the stringent EU regulations on PV module safety and environmental performance. The company’s research focuses on reducing moisture permeability and enhancing UV resistance, ensuring module reliability in diverse European climates.

Sustainability Initiatives:

• Adoption of a carbon‑neutral manufacturing policy across all sites
• Use of renewable energy sources that cover 70% of its electricity consumption
• Collaboration with European PV associations to advance sustainability standards

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Market Outlook

From 2026 to 2034, the EVA encapsulant market for bifacial photovoltaic modules is expected to expand at a steady pace, driven by the continued uptake of dual‑side modules in utility‑scale projects and the need for long‑term reliability in harsh climates. The competitive landscape will remain dominated by large Chinese producers that have scaled their operations to meet global demand, while niche players will carve out segments by offering specialized grades that address moisture barrier, PID resistance, and high‑temperature performance. The shift toward hybrid EVA/POE films will provide an additional avenue for differentiation, allowing manufacturers to balance cost with advanced barrier properties. Overall, the market is poised to deliver robust value to developers and manufacturers who invest in advanced EVA formulations that preserve optical clarity and mechanical integrity over decades of field exposure.

Future Trends

• Specialized high‑transmittance and reflective EVA grades that enhance rear‑side light capture, boosting system yield by up to 15% in high‑albedo environments.
• Hybrid co‑extruded EVA/POE/EVA films that combine EVA’s optical clarity with POE’s moisture‑barrier performance, reducing the risk of acetic acid formation and PID in high‑efficiency bifacial modules.
• Advanced UV stabilizers and acid‑scavenger additives that extend EVA’s optical life beyond 25 years, ensuring consistent module performance.
• Digital process controls and predictive maintenance tools that optimize lamination quality and reduce defects in large‑format modules.
• Increased focus on circular economy initiatives, including recycling of end‑of‑life EVA films and the use of bio‑based additives to lower the carbon footprint of encapsulant production.