Solar Encapsulation Market SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)

Solar Encapsulation Market is segmented By Material (Ethylene-vinyl Acetate (EVA), Thermoplastic Polyurethane (TPU), Ionomers, Polydimethylsiloxane, P....

Solar Encapsulation Market Size

Market Size in USD

CAGR8.15%

Study Period2024 - 2031
Base Year of Estimation2023
CAGR8.15%
Market ConcentrationHigh
Major PlayersArkema S.A., Specialized Technology Resources, RenewSys, Solutia Inc., Mitsui Chemicals Tohcello, Inc.
*Disclaimer: Major players are listed in no particular order.
*Source: Coherent Market Insights
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Solar Encapsulation Market Analysis

The solar encapsulation market is estimated to be valued at USD 5.44 Bn in 2024 and is expected to reach USD 9.41 Bn by 2031, growing at a compound annual growth rate (CAGR) of 8.15% from 2024 to 2031. The solar encapsulation market is witnessing positive trends due to the increasing demand for renewable energy sources across the globe.