Chemical Industry Insights By Kunal

Global   Encapsulant Materials for PV Modules Market   is experiencing steady expansion, with its valuation reaching   USD 6.39 billion in 2024 . Industry forecasts indicate a   2.0% CAGR   growth trajectory, with projections suggesting the market will value approximately   USD 7.31 billion by 2031 . This sustained growth is primarily fueled by the rapid adoption of solar energy solutions worldwide, coupled with technological advancements in photovoltaic module manufacturing processes. Encapsulant materials  serve as the protective backbone of solar panels, providing critical adhesion between solar cells and surface materials while ensuring durability against environmental stressors. Ethylene-vinyl acetate (EVA) has long dominated this space, accounting for over 70% of market share due to its cost-effectiveness and proven performance. However, the industry is witnessing a notable shift toward polyolefin elastomers (POE) as manufacturers seek enhanced d...