Solar Cell Encapsulants are specialized adhesives and sealants used to enhance the performance and longevity of photovoltaic (PV) modules by bonding components like junction boxes, inverters, frames, and cells, while protecting against environmental degradation. These materials, typically silicone- or polyurethane-based, offer high adhesion, weather resistance, and thermal stability, critical for ensuring PV system reliability.
The market is closely linked to global solar growth, with installed capacity rising from 117 GW in 2019 to 375 GW in 2024, projected to hit 402 GW in 2025 and 540 GW by 2028. Chengdu Guibao Science & Technology’s 2021 launch of a 20,000-ton annual capacity facility, supporting 14 GW of PV installations, underscores the industry’s expansion. The market is estimated at USD 1.5-3.0 billion in 2025, with a CAGR of 7.5%-12.5% from 2025 to 2030, driven by solar energy adoption and demand for durable PV components.
This product will be delivered within 1-3 business days.
The market is closely linked to global solar growth, with installed capacity rising from 117 GW in 2019 to 375 GW in 2024, projected to hit 402 GW in 2025 and 540 GW by 2028. Chengdu Guibao Science & Technology’s 2021 launch of a 20,000-ton annual capacity facility, supporting 14 GW of PV installations, underscores the industry’s expansion. The market is estimated at USD 1.5-3.0 billion in 2025, with a CAGR of 7.5%-12.5% from 2025 to 2030, driven by solar energy adoption and demand for durable PV components.
Market Size and Growth Forecast
The Solar Cell Encapsulant market is expected to grow from USD 1.5-3.0 billion in 2025 to a larger scale by 2030, with a CAGR of 7.5%-12.5%. This growth reflects the increasing deployment of solar systems and the need for reliable sealing solutions.Regional Analysis
- Asia Pacific: Growth is estimated at 8.0%-13.0%, with China leading due to its PV manufacturing dominance. Trends focus on scaling adhesive production.
- North America: The market grows at 7.0%-11.0%, with the U.S. emphasizing solar infrastructure.
- Europe: Growth ranges from 7.5%-12.0%, led by Germany, with a focus on renewable energy.
- Rest of the World: Growth is 6.5%-10.5%, with India showing potential in solar adoption.
Application Analysis
- Junction Box Inverter: Growing at 7.5%-12.0%, it ensures electrical connections, with trends in weather-resistant formulations.
- Frame Sealants: With a growth rate of 7.0%-11.5%, it protects module edges, trending toward durability.
- Cell Encapsulant: Growing at 8.0%-13.0%, it safeguards cells, with trends in high-performance materials.
- Others: Including backsheet bonding, this grows at 6.5%-10.0%, with steady demand.
Key Market Players
- Dow: In the U.S., it offers advanced encapsulant solutions.
- Henkel: In Germany, it focuses on adhesive technologies.
- H.B. Fuller: In the U.S., it targets solar sealing needs.
- Wacker Chemie: In Germany, it specializes in silicone encapsulants.
- Sika: In Switzerland, it provides robust sealing solutions.
- Hubei Huitian New Materials: In China, it serves the PV market.
- Chengdu Guibao Science & Technology: In China, it supports large-scale PV needs.
- Shanghai Kangda New Materials Group: In China, it focuses on adhesives.
- Beijing Comens New Materials: In China, it caters to regional demands.
- Guangzhou Jointas Chemical: In China, it targets solar applications.
Porter’s Five Forces Analysis
- Threat of New Entrants: Moderate, due to technical barriers.
- Threat of Substitutes: Low, with few alternatives matching performance.
- Bargaining Power of Buyers: Moderate, as PV makers negotiate prices.
- Bargaining Power of Suppliers: Moderate, with raw material concentration.
- Industry Rivalry: High, driven by innovation and cost competition.
Market Opportunities and Challenges
Opportunities
- Solar capacity growth to 540 GW by 2028 drives demand.
- Innovations in durable encapsulants offer growth potential.
- Emerging markets like India present opportunities.
Challenges
- Raw material costs impact profitability.
- Technical complexity limits production scale.
- Competition pressures pricing and innovation.
This product will be delivered within 1-3 business days.
Table of Contents
Chapter 1 Executive SummaryChapter 2 Abbreviation and Acronyms
Chapter 3 Preface
Chapter 4 Market Landscape
Chapter 5 Market Trend Analysis
Chapter 6 Industry Chain Analysis
Chapter 7 Latest Market Dynamics
Chapter 8 Trading Analysis
Chapter 9 Historical and Forecast Solar Cell Encapsulant Market in North America (2020-2030)
Chapter 10 Historical and Forecast Solar Cell Encapsulant Market in South America (2020-2030)
Chapter 11 Historical and Forecast Solar Cell Encapsulant Market in Asia & Pacific (2020-2030)
Chapter 12 Historical and Forecast Solar Cell Encapsulant Market in Europe (2020-2030)
Chapter 13 Historical and Forecast Solar Cell Encapsulant Market in MEA (2020-2030)
Chapter 14 Summary For Global Solar Cell Encapsulant Market (2020-2025)
Chapter 15 Global Solar Cell Encapsulant Market Forecast (2025-2030)
Chapter 16 Analysis of Global Key Vendors
List of Tables and Figures
Companies Mentioned
- Dow
- Henkel
- H.B. Fuller
- Wacker Chemie
- Sika
- Hubei Huitian New Materials
- Chengdu Guibao Science&Technology
- Shanghai Kangda New Materials Group
- Beijing Comens New Materials
- Guangzhou Jointas Chemical
