The Global Encapsulant Materials for PV Modules Market was valued at USD 6.39 Billion in 2024 and is projected to reach USD 7.31 Billion by 2031, growing at a Compound Annual Growth Rate (CAGR) of 2.0% during the forecast period (2024–2031). This steady growth is driven by expanding solar energy adoption, technological advancements in photovoltaic modules, and the critical role of encapsulants in ensuring module durability and performance.

As the solar industry shifts toward higher-efficiency modules and demanding environmental conditions, encapsulation materials have become pivotal in protecting solar cells while optimizing light transmission. In this analysis, we examine the Top 10 Companies in the Encapsulant Materials for PV Modules Industry—the innovators and market leaders defining the standards for solar module protection and longevity.

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🔟 1. First Applied Material

Headquarters: Suzhou, China
Key Offering: EVA films, POE encapsulants, multilayer solutions

First Applied Material dominates the global PV encapsulant market with comprehensive solutions for all major solar technologies. The company’s products excel in UV stability and thermal performance, serving Tier 1 module manufacturers worldwide.

Market Leadership:

• Controls approximately 32% of global encapsulant market share
• Annual production capacity over 500 million square meters
• Pioneered anti-PID (Potential Induced Degradation) technology

Download FREE Sample Report: Encapsulant Materials for PV Modules Market – View in Detailed Research Report

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9️⃣ 2. HIUV New Materials

Headquarters: Hangzhou, China
Key Offering: EVA films, POE encapsulants, backsheets

HIUV has rapidly grown to become a major force in solar encapsulation with vertically integrated production capabilities. The company specializes in high-performance materials for bifacial and rooftop solar applications.

Technical Advantages:

• Advanced moisture barrier formulations
• UV-resistant EVA with minimal yellowing
• Custom solutions for high-temperature climates

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8️⃣ 3. Sveck Photovoltaic Technology

Headquarters: Changzhou, China
Key Offering: Specialty EVA, POE systems

Sveck focuses on performance encapsulants for high-efficiency N-type and bifacial solar modules. The company works closely with leading cell manufacturers to develop tailored encapsulation solutions.

Innovation Focus:

• Ultra-clear films with >91% light transmittance
• Halogen-free flame retardant formulations
• Thin-film compatible cross-linking technology

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7️⃣ 4. Cybrid Technologies

Headquarters: Suzhou, China
Key Offering: EPE films, Hybrid encapsulant systems

Cybrid specializes in hybrid encapsulation materials that combine the best properties of EVA and POE. Their EPE (Ethylene-Polyolefin Elastomer) products have gained significant market traction.

Product Differentiation:

• Reduced acetic acid formation
• Enhanced mechanical strength
• Superior moisture resistance

Download FREE Sample Report: Encapsulant Materials for PV Modules Market – View in Detailed Research Report

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6️⃣ 5. Betterial New Materials

Headquarters: Shanghai, China
Key Offering: UV-stable encapsulants, Harsh environment solutions

Betterial develops specialized encapsulation systems for extreme environments, including desert installations and high-humidity coastal regions. Their materials demonstrate exceptional weathering resistance.

Technical Expertise:

• Proprietary UV stabilization packages
• Low-temperature curing formulations
• Thermal cycling-resistant materials

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5️⃣ 6. Sinopont

Headquarters: Changzhou, China
Key Offering: High-purity EVA, POE composites

Sinopont emphasizes material purity and consistency for premium solar module applications. The company maintains strict quality control throughout its production process.

Quality Features:

• Minimal contaminants and impurities
• Optimized curing characteristics
• Reduced bubble formation

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4️⃣ 7. Hanwha Solutions

Headquarters: Seoul, South Korea
Key Offering: Q.ANTUM encapsulants, Specialty POE

As part of the Hanwha Qcells ecosystem, Hanwha Solutions develops encapsulants specifically optimized for its solar modules while also supplying third-party manufacturers.

Technical Leadership:

• Anti-leaching formulations
• Materials supporting 30-year warranties
• Accelerated aging test validation

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3️⃣ 8. RenewSys

Headquarters: Bengaluru, India
Key Offering: Tropical climate encapsulants

RenewSys is India’s leading encapsulant manufacturer specializing in solutions for high-temperature, high-humidity conditions prevalent in emerging solar markets.

Regional Advantages:

• Localized production for India and MENA regions
• Cost-effective solutions for utility-scale projects
• Full testing capabilities including PID and damp heat

Download FREE Sample Report: Encapsulant Materials for PV Modules Market – View in Detailed Research Report

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2️⃣ 9. H.B. Fuller

Headquarters: St. Paul, Minnesota, USA
Key Offering: Specialty encapsulants for advanced applications

H.B. Fuller brings expertise from multiple industries to develop high-performance encapsulation solutions for building-integrated PV and specialized solar installations.

Application Expertise:

• Flexible and lightweight module solutions
• Automotive solar applications
• Fast-cure systems for high-throughput manufacturing

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1️⃣ 10. TPI Polene

Headquarters: Bangkok, Thailand
Key Offering: Cost-competitive EVA solutions

TPI Polene serves Southeast Asia’s growing solar market with reliable, locally produced encapsulants tailored to regional climatic conditions and economic requirements.

Regional Focus:

• Manufacturing footprint in Thailand
• Solutions for floating solar applications
• Moisture-resistant formulations

Get Full Report Here: Encapsulant Materials for PV Modules Market – View in Detailed Research Report

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☀️ Technological Evolution in PV Encapsulation

The encapsulant materials sector is undergoing significant transformation as solar technology advances. While EVA remains dominant in conventional modules, POE and hybrid materials are gaining share in high-efficiency and demanding environment applications.

📈 Critical Industry Trends:

• Material innovation balancing cost and performance
• Thinner film development for lightweight modules
• Improved recyclability and sustainability
• Expansion into emerging solar markets

Get Full Report Here: Encapsulant Materials for PV Modules Market – View in Detailed Research Report

The companies outlined above are not only supplying critical materials to the solar industry—they’re driving the technological innovations that will determine the future of photovoltaic reliability and performance.