Market Overview:
The global photovoltaic packaging materials market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The growth of the market can be attributed to the increasing demand for solar energy across the globe. In addition, government initiatives and regulations supporting the use of solar energy are also contributing to the growth of this market. The global photovoltaic packaging materials market is segmented on the basis of type, application, and region. On the basis of type, POE film accounted for a major share in 2017 and is expected to maintain its dominance duringthe forecast period as well. This can be attributedtoits properties such as high transparency and low haze values that make it suitable for use in various applications such as photovoltaic power stations, wire and cable, among others.
Product Definition:
Photovoltaic packaging materials are materials that are used to package photovoltaic cells. These materials help protect the cells from damage and also help improve their efficiency. The importance of photovoltaic packaging materials is that they play a critical role in ensuring that solar energy can be effectively converted into electrical energy.
POE Film:
POE (Power-Over-Ethernet) film, also known as PowerFilm or PoE film is a transparent sheet made up of highly conductive material. It is widely used in the photovoltaic industry for encapsulation due to its several benefits such as high resistance to chemicals and degradation, low maintenance cost, and easy installation process among others.
EVA Film:
Polyethylene Vacuum Arrays (PVA) or EVA film is a type of polymer film that is widely used in the packaging of photovoltaic modules. It offers several advantages such as excellent mechanical, thermal and electrical properties which increase its application scope in the manufacturing of solar panels.
EVA films are manufactured by using ethylene-vinyl acetate (EVA) monomer mixture, which is processed at high temperature to develop polymeric sheets.
Application Insights:
The photovoltaic power station application segment accounted for the largest revenue share of over 40% in 2017. The growing need to increase the efficiency of solar cells and panels has led to an increased focus on improving the overall energy yield. This is likely to have a positive impact on market growth over the forecast period.
Wire and cable was another significant application segment, which accounted for a considerable market share in terms of volume in 2017 owing to increasing demand from various end-use industries such as automotive, construction and electronics among others. Growing urbanization along with rising demand for electric vehicles is expected drive product demand from wire and cable applications during future years.
Other key applications include space heating/ cooling, renewable energy systems (PV modules) as well as ground-mounted installations (GMI).
Regional Analysis:
Asia Pacific accounted for the largest market share in 2016 and is expected to continue its dominance over the forecast period. The region has witnessed a growing demand for photovoltaic packaging materials due to increasing installation of solar power stations across countries such as China, Japan, South Korea, Indonesia and India. In addition, favorable government policies encouraging investments in renewable energy are anticipated to drive industry growth over the coming years.
The European PV packaging materials market is expected to witness significant growth on account of rising installations of photovoltaic systems across countries such as Germany and Italy owing to growing environmental concerns regarding carbon emissions from fossil fuel-based electricity generation sources. Moreover, stringent regulations imposed by bodies like EU5%VID and WPD concerning emission reduction targets are anticipated boost product demand further across Europe during the forecast period.
Growth Factors:
- Increasing demand for solar energy: The global demand for solar energy is increasing rapidly due to the growing awareness of its benefits and the declining cost of installation. This is driving the growth of the photovoltaic packaging materials market.
- Government initiatives and subsidies: Governments around the world are promoting solar energy through various initiatives and subsidies, which is aiding in the growth of this market.
- Rising environmental concerns: The need to reduce greenhouse gas emissions and find alternative sources of energy has led to an increase in investments in renewable technologies such as solar power, which is benefiting the photovoltaic packaging materials market.
- Technological advancements: Ongoing technological advancements are making it possible to produce more efficient PV modules, thereby boosting demand for PV packaging materials.
Scope Of The Report
Report Attributes
Report Details
Report Title
Photovoltaic Packaging Materials Market Research Report
By Type
POE Film, EVA Film, Others
By Application
Photovoltaic Power Station, Wire And Cable, Others
By Companies
Dow, Cybird, Lushan, FIRST, STR Solar, Eastman, Saint Gobian, Hiuv, ZTT, Sveck
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
168
Number of Tables & Figures
118
Customization Available
Yes, the report can be customized as per your need.
Global Photovoltaic Packaging Materials Market Report Segments:
The global Photovoltaic Packaging Materials market is segmented on the basis of:
Types
POE Film, EVA Film, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Photovoltaic Power Station, Wire And Cable, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Dow
- Cybird
- Lushan
- FIRST
- STR Solar
- Eastman
- Saint Gobian
- Hiuv
- ZTT
- Sveck
Highlights of The Photovoltaic Packaging Materials Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- POE Film
- EVA Film
- Others
- By Application:
- Photovoltaic Power Station
- Wire And Cable
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Photovoltaic Packaging Materials Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Photovoltaic packaging materials are used to protect solar cells and modules from the elements. They can be made from a variety of materials, including plastics, paper, and metal.
Some of the major companies in the photovoltaic packaging materials market are Dow, Cybird, Lushan, FIRST, STR Solar, Eastman, Saint Gobian, Hiuv, ZTT, Sveck.
The photovoltaic packaging materials market is expected to register a CAGR of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Photovoltaic Packaging Materials Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Photovoltaic Packaging Materials Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Photovoltaic Packaging Materials Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Photovoltaic Packaging Materials Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Photovoltaic Packaging Materials Market Size & Forecast, 2020-2028
4.5.1 Photovoltaic Packaging Materials Market Size and Y-o-Y Growth
4.5.2 Photovoltaic Packaging Materials Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 POE Film
5.2.2 EVA Film
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Photovoltaic Power Station
6.2.2 Wire And Cable
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Photovoltaic Packaging Materials Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Photovoltaic Packaging Materials Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 POE Film
9.6.2 EVA Film
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Photovoltaic Power Station
9.10.2 Wire And Cable
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 POE Film
10.6.2 EVA Film
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Photovoltaic Power Station
10.10.2 Wire And Cable
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 POE Film
11.6.2 EVA Film
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Photovoltaic Power Station
11.10.2 Wire And Cable
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 POE Film
12.6.2 EVA Film
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Photovoltaic Power Station
12.10.2 Wire And Cable
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 POE Film
13.6.2 EVA Film
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Photovoltaic Power Station
13.10.2 Wire And Cable
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Photovoltaic Packaging Materials Market: Competitive Dashboard
14.2 Global Photovoltaic Packaging Materials Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Dow
14.3.2 Cybird
14.3.3 Lushan
14.3.4 FIRST
14.3.5 STR Solar
14.3.6 Eastman
14.3.7 Saint Gobian
14.3.8 Hiuv
14.3.9 ZTT
14.3.10 Sveck
