EVA Solar Films Market Size Worth USD 7.52 Billion by 2032 | CAGR: 9.0%

The global EVA solar films market size is expected to reach USD 7.52 billion by 2032, according to a new study by Polaris Market Research. The report “EVA Solar Films Market Size, Share, Trends, Industry Analysis Report: By Type (Normal EVA Films, Anti-PID EVA Films, and Others), Application, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Market Forecast, 2024–2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

EVA (ethylene vinyl acetate) solar films are essential materials used primarily in the encapsulation of solar cells within photovoltaic (PV) modules. These films are created through the copolymerization of ethylene and vinyl acetate, resulting in a versatile product with numerous beneficial properties.

The global EVA solar films market is being propelled by the growing use of solar panels worldwide. EVA solar films play a vital role in photovoltaic (PV) panels by serving as an encapsulant that offers insulation and protects the solar cells from harmful environmental factors such as moisture, UV radiation, and mechanical impacts. Thus, the demand for EVA films increases with the rising installation of more solar panels.

The rising popularity of EVA solar films in the automotive sector would offer lucrative opportunities for the global EVA solar films market during the forecast period. Vehicle manufacturers are embracing the integration of solar technology into their products to improve vehicle efficiency and minimize carbon footprints. EVA films play a crucial role in this scenario, as they act as encapsulants, safeguarding and improving the performance of solar panels installed on vehicles. Therefore, the increasing use of solar panels in automotive design is directly driving the demand for EVA films.

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The global EVA solar films market is being propelled by the increasing construction of green buildings. Green buildings emphasize the use of renewable energy sources to minimize their impact on the environment. Solar panels, which depend on EVA films as essential encapsulants, are a critical element of these energy-efficient buildings. Hence, the growing number of green buildings boosts the need for EVA films.

EVA Solar Films Market Report Highlights

• In terms of type, the normal EVA films segment accounted for the largest market share in 2023, owing to their established role as the standard encapsulant in solar panel production.
• The anti-PID EVA films segment is expected to witness the highest growth rate during the forecast period, owing to their ability to offer superior protection against PID, which significantly impacts the efficiency and lifespan of solar panels.
• By applications, the crystalline solar cells segment accounted for the largest market share in 2023, owing to their widespread use and established technology.
• The thin-film solar cells segment is estimated to grow at a robust pace in the coming years owing to their flexibility and lightweight properties, and potentially lower production costs compared to traditional crystalline cells.
• The Asia Pacific EVA solar films market witnessed the fastest growth, attributable to the expansive solar industry and significant manufacturing capabilities. Moreover, increasing investments by key players further boost the regional market growth.
• Celanese Corporation; Hangzhou First Applied; Mitsui Chemicals; 3M; KENGO Industrial Co., Ltd; Hanwha Solutions; Astenik Solar; Str Holdings, Inc.; Guangzhou Lushan New Materials Co. Ltd; and Bridgestone Corporation are among the key global market players.

Polaris Market Research has segmented the EVA solar films market report on the basis of type, application, and region:

By Type Outlook (Revenue – USD Billion, 2019–2032)

• Normal EVA Films
• Anti-PID EVA Films
• Others

By Application Outlook (Revenue – USD Billion, 2019–2032)

• Thin-film Solar Cells
• Crystalline Solar Cells
• Others

By Regional Outlook (Revenue – USD Billion, 2019–2032)

• North America
  • • US
    • Canada
• Europe
  • • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
    • Netherlands
• Asia Pacific
  • • China
    • India
    • Japan
    • South Korea
    • Indonesia
    • Malaysia
• Latin America
  • • Argentina
    • Brazil
    • Mexico
• Middle East & Africa
  • • UAE
    • Saudi Arabia
    • Israel
    • South Africa

EVA Solar Films Market Report Scope