Solar Encapsulation Materials Market Outlooks 2020: Size, Cost Structures, Growth rate and Industry Analysis to 2027
Global Solar Encapsulation Materials Market
The Global Solar Encapsulation Market is expected to reach USD 12.05 billion by 2027 from USD 2.11 billion in 2019, growing at a CAGR of 23.3% from 2020 to 2027. The increasing demand for solar energy and solar photovoltaic modules will augment growth of the solar encapsulation materials market. The demand for rooftop photovoltaic solar panels has increased, owing to market-supporting energy programs, coupled with an increase in the demand for alternative green renewable sources of energy. This will impact the growth of the solar encapsulation materials market. Excellent physical and chemical properties such as high durability and thermal resistivity will elevate the demand for solar encapsulation materials. Various government initiatives as well as market-supporting programs have sped up the demand for solar energy as an alternate solution to reduce carbon footprint.
The report is furnished with the latest market scenario pertaining to the COVID-19 pandemic and its after-effects on the Solar Encapsulation Materials industry and the key segments. The pandemic has disrupted the workflow of the industry and created financial difficulties. The report assesses the complete impact of the pandemic on the market and offers key insights into the market scenario along with trends and demands disruptions. The report also offers an outlook on the market scenario in the forecast timeline.
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Some of the players profiled in the report are First, Sveck, STR, MITSUI, Bridgestone, TPI All Seasons, Dow Corning, DuPont, Akcome, Hiuv, Hangzhou First PV material Co. Ltd, Changzhou Bbetterlm, JGP Energy, 3M, SKC and Lucent.
The Global Solar Encapsulation Materials Market is segmented as follows:
Segmentation by Product Type:
EVA sheet
PVB sheet
Others
Segmentation by Application/End-user:
Construction
Automobile
Electronics
Others
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Market Segmentation by Regions:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Questions Answered by the Report:
- Which market segment or sub-segment is expected to grow at the highest CAGR during the forecast timeline?
- What is the forecast valuation of the Solar Encapsulation Materials market?
- Who are the leading players in the industry? What are the weaknesses and strengths of these players?
- What are the strategic business steps and initiatives taken by the key competitors in the industry?
- What region is expected to dominate the market in the forecast period?
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