The North America Solar Encapsulation Market would witness market growth of 7.7% CAGR during the forecast period (2022-2028).
The solar module's glass covers and the solar cells housed inside are separated by the solar cells. Encapsulations are frequently used to extend the useful life of these PV installations. Materials with properties such as flame retardancy, corrosion resistance, or toughness are frequently chosen for encapsulations. Generally speaking, such encapsulation is labor and resource-intensive to automate. Such encapsulants are increasingly being used in a variety of sectors, including the building and automotive industries. Encapsulation ensures the safe operation of solar PV modules, enabling users to spend less on maintenance.
Businesses will be motivated to invest in research and development related to solar encapsulation technology by the expansion of the construction industry in the future. The market for solar encapsulation is predicted to expand significantly over the projected period as a result of the rising popularity of solar PV modules. Since there are currently no alternatives to solar encapsulation technology, its growth rate will be directly boosted by the expansion of PV modules.
The automobile sector in the US plays a significant role in economic expansion and is intricately woven into the country's industrial and cultural landscape. The industry also consumes a significant amount of goods and services from numerous other industries, including those that deal with raw materials, building, manufacturing, law, finance, advertising, and healthcare. Electric vehicles are now the focus of the automotive industry as a way to reduce vehicle emissions, which is driving the market.
The US market dominated the North America Solar Encapsulation Market by Country in 2021; thereby, achieving a market value of $919 million by 2028. The Canada market is experiencing a CAGR of 10.2% during (2022 - 2028). Additionally, The Mexico market is exhibiting a CAGR of 9.2% during (2022 - 2028).
Based on Material, the market is segmented into Ethylene Vinyl Acetate, Non-ethylene Vinyl Acetate, UV Curable Resin, and Others. Based on Technology, the market is segmented into Polycrystalline Silicon Solar, Cadmium Telluride, Copper Indium Gallium Selenide, and Amorphous Silicon. Based on Application, the market is segmented into Construction, Electronics, Automotive, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Solar Encapsulation Market is Estimated to reach $4.4 Billion by 2028, at a CAGR of 8.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include 3M Company, Dupont De Nemours, Inc., First Solar, Inc., Dai Nippon Printing Co., Ltd. (dnpSolar), Dow, Inc., Hangzhou First PV Material Co. Ltd., Kuraray Co., Ltd.
Scope of the Study
Market Segments Covered in the Report:
By Material
- Ethylene Vinyl Acetate
- Non-ethylene Vinyl Acetate
- UV Curable Resin
- Others
By Technology
- Polycrystalline Silicon Solar
- Cadmium Telluride
- Copper Indium Gallium Selenide
- Amorphous Silicon
By Application
- Construction
- Electronics
- Automotive
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- 3M Company
- Dupont De Nemours, Inc.
- First Solar, Inc.
- Dai Nippon Printing Co., Ltd. (dnpSolar)
- Dow, Inc.
- Hangzhou First PV Material Co. Ltd.
- Kuraray Co., Ltd.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Solar Encapsulation Market, by Material
1.4.2 North America Solar Encapsulation Market, by Technology
1.4.3 North America Solar Encapsulation Market, by Application
1.4.4 North America Solar Encapsulation Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. North America Solar Encapsulation Market by Material
3.1 North America Ethylene Vinyl Acetate Market by Country
3.2 North America Non-ethylene Vinyl Acetate Market by Country
3.3 North America UV Curable Resin Market by Country
3.4 North America Others Market by Country
Chapter 4. North America Solar Encapsulation Market by Technology
4.1 North America Polycrystalline Silicon Solar Market by Country
4.2 North America Cadmium Telluride Market by Country
4.3 North America Copper Indium Gallium Selenide Market by Country
4.4 North America Amorphous Silicon Market by Country
Chapter 5. North America Solar Encapsulation Market by Application
5.1 North America Construction Market by Country
5.2 North America Electronics Market by Country
5.3 North America Automotive Market by Country
5.4 North America Others Market by Country
Chapter 6. North America Solar Encapsulation Market by Country
6.1 US Solar Encapsulation Market
6.1.1 US Solar Encapsulation Market by Material
6.1.2 US Solar Encapsulation Market by Technology
6.1.3 US Solar Encapsulation Market by Application
6.2 Canada Solar Encapsulation Market
6.2.1 Canada Solar Encapsulation Market by Material
6.2.2 Canada Solar Encapsulation Market by Technology
6.2.3 Canada Solar Encapsulation Market by Application
6.3 Mexico Solar Encapsulation Market
6.3.1 Mexico Solar Encapsulation Market by Material
6.3.2 Mexico Solar Encapsulation Market by Technology
6.3.3 Mexico Solar Encapsulation Market by Application
6.4 Rest of North America Solar Encapsulation Market
6.4.1 Rest of North America Solar Encapsulation Market by Material
6.4.2 Rest of North America Solar Encapsulation Market by Technology
6.4.3 Rest of North America Solar Encapsulation Market by Application
Chapter 7. Company Profiles
7.1 3M Company
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expense
7.1.5 SWOT Analysis
7.2 DuPont de Nemours, Inc.
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expense
7.3 First Solar, Inc.
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expenses
7.4 Dai Nippon Printing Co., Ltd. (dnpSolar)
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research & Development Expenses
7.5 Dow, Inc.
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 Research & Development Expenses
7.6 Hangzhou First Applied Material Co., Ltd.
7.6.1 Company Overview
7.7 Kuraray Co., Ltd.
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Segmental and Regional Analysis
TABLE 1 North America Solar Encapsulation Market, 2018 - 2021, USD Million
TABLE 2 North America Solar Encapsulation Market, 2022 - 2028, USD Million
TABLE 3 North America Solar Encapsulation Market by Material, 2018 - 2021, USD Million
TABLE 4 North America Solar Encapsulation Market by Material, 2022 - 2028, USD Million
TABLE 5 North America Ethylene Vinyl Acetate Market by Country, 2018 - 2021, USD Million
TABLE 6 North America Ethylene Vinyl Acetate Market by Country, 2022 - 2028, USD Million
TABLE 7 North America Non-ethylene Vinyl Acetate Market by Country, 2018 - 2021, USD Million
TABLE 8 North America Non-ethylene Vinyl Acetate Market by Country, 2022 - 2028, USD Million
TABLE 9 North America UV Curable Resin Market by Country, 2018 - 2021, USD Million
TABLE 10 North America UV Curable Resin Market by Country, 2022 - 2028, USD Million
TABLE 11 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 12 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 13 North America Solar Encapsulation Market by Technology, 2018 - 2021, USD Million
TABLE 14 North America Solar Encapsulation Market by Technology, 2022 - 2028, USD Million
TABLE 15 North America Polycrystalline Silicon Solar Market by Country, 2018 - 2021, USD Million
TABLE 16 North America Polycrystalline Silicon Solar Market by Country, 2022 - 2028, USD Million
TABLE 17 North America Cadmium Telluride Market by Country, 2018 - 2021, USD Million
TABLE 18 North America Cadmium Telluride Market by Country, 2022 - 2028, USD Million
TABLE 19 North America Copper Indium Gallium Selenide Market by Country, 2018 - 2021, USD Million
TABLE 20 North America Copper Indium Gallium Selenide Market by Country, 2022 - 2028, USD Million
TABLE 21 North America Amorphous Silicon Market by Country, 2018 - 2021, USD Million
TABLE 22 North America Amorphous Silicon Market by Country, 2022 - 2028, USD Million
TABLE 23 North America Solar Encapsulation Market by Application, 2018 - 2021, USD Million
TABLE 24 North America Solar Encapsulation Market by Application, 2022 - 2028, USD Million
TABLE 25 North America Construction Market by Country, 2018 - 2021, USD Million
TABLE 26 North America Construction Market by Country, 2022 - 2028, USD Million
TABLE 27 North America Electronics Market by Country, 2018 - 2021, USD Million
TABLE 28 North America Electronics Market by Country, 2022 - 2028, USD Million
TABLE 29 North America Automotive Market by Country, 2018 - 2021, USD Million
TABLE 30 North America Automotive Market by Country, 2022 - 2028, USD Million
TABLE 31 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 32 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 33 North America Solar Encapsulation Market by Country, 2018 - 2021, USD Million
TABLE 34 North America Solar Encapsulation Market by Country, 2022 - 2028, USD Million
TABLE 35 US Solar Encapsulation Market, 2018 - 2021, USD Million
TABLE 36 US Solar Encapsulation Market, 2022 - 2028, USD Million
TABLE 37 US Solar Encapsulation Market by Material, 2018 - 2021, USD Million
TABLE 38 US Solar Encapsulation Market by Material, 2022 - 2028, USD Million
TABLE 39 US Solar Encapsulation Market by Technology, 2018 - 2021, USD Million
TABLE 40 US Solar Encapsulation Market by Technology, 2022 - 2028, USD Million
TABLE 41 US Solar Encapsulation Market by Application, 2018 - 2021, USD Million
TABLE 42 US Solar Encapsulation Market by Application, 2022 - 2028, USD Million
TABLE 43 Canada Solar Encapsulation Market, 2018 - 2021, USD Million
TABLE 44 Canada Solar Encapsulation Market, 2022 - 2028, USD Million
TABLE 45 Canada Solar Encapsulation Market by Material, 2018 - 2021, USD Million
TABLE 46 Canada Solar Encapsulation Market by Material, 2022 - 2028, USD Million
TABLE 47 Canada Solar Encapsulation Market by Technology, 2018 - 2021, USD Million
TABLE 48 Canada Solar Encapsulation Market by Technology, 2022 - 2028, USD Million
TABLE 49 Canada Solar Encapsulation Market by Application, 2018 - 2021, USD Million
TABLE 50 Canada Solar Encapsulation Market by Application, 2022 - 2028, USD Million
TABLE 51 Mexico Solar Encapsulation Market, 2018 - 2021, USD Million
TABLE 52 Mexico Solar Encapsulation Market, 2022 - 2028, USD Million
TABLE 53 Mexico Solar Encapsulation Market by Material, 2018 - 2021, USD Million
TABLE 54 Mexico Solar Encapsulation Market by Material, 2022 - 2028, USD Million
TABLE 55 Mexico Solar Encapsulation Market by Technology, 2018 - 2021, USD Million
TABLE 56 Mexico Solar Encapsulation Market by Technology, 2022 - 2028, USD Million
TABLE 57 Mexico Solar Encapsulation Market by Application, 2018 - 2021, USD Million
TABLE 58 Mexico Solar Encapsulation Market by Application, 2022 - 2028, USD Million
TABLE 59 Rest of North America Solar Encapsulation Market, 2018 - 2021, USD Million
TABLE 60 Rest of North America Solar Encapsulation Market, 2022 - 2028, USD Million
TABLE 61 Rest of North America Solar Encapsulation Market by Material, 2018 - 2021, USD Million
TABLE 62 Rest of North America Solar Encapsulation Market by Material, 2022 - 2028, USD Million
TABLE 63 Rest of North America Solar Encapsulation Market by Technology, 2018 - 2021, USD Million
TABLE 64 Rest of North America Solar Encapsulation Market by Technology, 2022 - 2028, USD Million
TABLE 65 Rest of North America Solar Encapsulation Market by Application, 2018 - 2021, USD Million
TABLE 66 Rest of North America Solar Encapsulation Market by Application, 2022 - 2028, USD Million
TABLE 67 Key Information – 3M Company
TABLE 68 Key Information –DuPont de Nemours, Inc.
TABLE 69 Key Information – First Solar, Inc.
TABLE 70 Key Information – Dai Nippon Printing Co., Ltd.
TABLE 71 Key Information – Dow, Inc.
TABLE 72 Key Information – Hangzhou First Applied Material CO., LTD.
TABLE 73 Key Information – Kuraray Co., Ltd.
List of Figures
FIG 1 Methodology for the research
FIG 2 SWOT Analysis: 3M Company