World Solar Encapsulation Market - Opportunities and Forecasts, 2014 - 2022

  • ID: 3773554
  • Report
  • Region: Global
  • 320 pages
  • Allied Analytics LLP
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The global solar encapsulation industry is expected to reach $4,231 million by 2022 from $915 million in 2015, growing at a CAGR of 23.1% from 2016 to 2022. A solar encapsulant is used to provide adhesion between the top and the rear surface of the PV solar module to protect the PV modules from elevated temperature and high PV exposure. In addition, the encapsulating materials should have efficient transmission and reflection properties coupled with excellent impact and water resistance.

The solar encapsulation market has witnessed major traction owing to increase in demand for PV solar modules. In addition, excellent mechanical and chemical properties such as durability and thermal resistivity have increased the demand for solar encapsulation material with application in various residential, non-residential, and utility sectors. Based on materials, the demand for ethylene vinyl acetate (EVA) has increased owing to its excellent adhesive strength, elasticity, and toughness. In addition, the growth in demand for photovoltaic modules fuel the demand for EVA in cell encapsulation. Monocrystalline silicon solar modules majorly drive the solar encapsulation market owing to increase in solar rooftop installations. Moreover, R&Ds in thin film technologies such as cadmium telluride and copper indium gallium selenide (CIGS) are expected to boost the demand for solar encapsulations. Furthermore, construction sector has significantly increased the application of roof top and panel installation owing to its increased efficiency. Growth in demand for consumer electronics are expected to soar the demand for solar encapsulation market. however, degradation of solar modules coupled with volatile prices of raw materials are expected to hinder the market growth, but investment in R&Ds to develop efficient solar modules are anticipated to fuel the demand for encapsulation.

North America and Europe have significantly driven the solar encapsulation market owing to increase in PV installations. Furthermore, emerging economies such as China, Japan, and Africa have increased the demand for solar installations and solar capacities. In addition, India is also an emerging market for solar energy market, which is expected to significantly drive the solar encapsulation market.

The report on global solar encapsulation is segmented based on material, which includes ethylene vinyl acetate (EVA), Non-ethylene vinyl acetate, and others (UV curable resins). The non-ethylene vinyl acetate is further bifurcated into thermoplastic polyurethane (TPU), polyvinyl butyral (PVB), polyolefins, ionomers, and others. Based on solar module it includes, monocrystalline, polycrystalline, cadmium telluride, amorphous silicon cells, and others (CIGS). Based on application the market is categorized under construction, automotive, electronics, and others. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Top market players in solar encapsulation market include

STR Holdings Inc
Solutia
Bridgestone
Dow Corning
DuPont
3M
MITSUI
JGP Energy
Hangzhou First PV material Co. Ltd
AKCOME.

KEY BENEFITS FOR STAKEHOLDERS

This report entails the detailed quantitative analysis of the current market and estimations for the period of 2014–2022 to identify the prevailing market opportunities.
In-depth analysis of the drivers, restraints, and opportunities that shape the market structure is provided in the report to understand the market behavior.
The report includes the strategies of key leaders, partnerships, and acquisitions.
Porter’s Five Forces analysis determines the competitive structure of the market to assist in strategy formulation.

KEY MARKET SEGMENTS

By Materials

Ethylene Vinyl Acetate
Non-Ethylene Vinyl Acetate
UV Curable Resins

By Solar Module

Monocrystalline Silicon Cells
Polycrystalline Silicon Cells
Cadmium Telluride
Amorphous Silicon Cells
Others (Copper Indium Gallium Selenide (CIGS))

By Application

Construction
Automotive
Electronics
Others

By Geography

North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA

Other prominent players are

Honeywell
Arkema
CPP Solar
EVASA
LG Chem
Saint Gobain Solar
RenewSys
Sanvic
ACC Silicones
Baixing Group

(The Companies mentioned above are not profiled but can be done on Client’s request)

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CHAPTER 1. INTRODUCTION
1.1. Report Description
1.2. Key Benefits
1.3. Key Market Segment
1.4. Research Methodology
1.4.1. Secondary Research
1.4.2. Primary Research
1.4.3. Analyst Tool & Model

CHAPTER 2. EXECUTIVE SUMMARY
2.1. Market Snapshot
2.2. CXO Perspectives

CHAPTER 3. MARKET OVERVIEW
3.1. Market Definition And Scope
3.2. Key Findings
3.2.1. Top Investment Pockets
3.2.2. Top winning strategies
3.3. Porters Five Force's Analysis
3.4. Market Dynamics
3.4.1. Drivers
3.4.1.1. Increasing retail market
3.4.1.2. Increase in disposable income of consumers in developing economies
3.4.1.3. Shift of trend towards gifting confectionery items
3.4.1.4. Strong marketing campaigns
3.4.2. Restraints
3.4.2.1. Volatile nature of raw material prices
3.4.2.2. Increasing awareness about health concerns and instances of diabetes
3.4.3. Opportunities
3.4.3.1. Rising demand for organic and premium candies
3.5. TOP PLAYER POSITIONING

CHAPTER 4. GLOBAL SUGAR CONFECTIONERY MARKET, BY PRODUCT TYPE
4.1. INTRODUCTION
4.1.1. Market Size and Forecast
4.2. HARD-BOILED SWEETS
4.2.1. Key Market Trends, Growth Factors and Opportunities
4.2.2. Market Size and Forecast
4.3. CARAMEL AND TOFFEES
4.3.1. Key Market Trends, Growth Factors and Opportunities
4.3.2. Market Size and Forecast
4.4. GUMS AND JELLIES
4.4.1. Key Market Trends, Growth Factors and Opportunities
4.4.2. Market Size and Forecast
4.5. MEDICATED CONFECTIONERY
4.5.1. Key Market Trends, Growth Factors and Opportunities
4.5.2. Market Size and Forecast
4.6. MINTS
4.6.1. Key Market Trends, Growth Factors and Opportunities
4.6.2. Market Size and Forecast
4.7. OTHERS
4.7.1. Key Market Trends, Growth Factors and Opportunities
4.7.2. Market Size and Forecast

CHAPTER 5. GLOBAL SUGAR CONFECTIONERY MARKET, BY GEOGRAPHY
5.1. INTRODUCTION
5.1.1. Market Size and Forecast
5.2. NORTH AMERICA
5.2.1. Key Market Trends, Growth Factors and Opportunities
5.2.2. Market Size and Forecast
5.2.3. U.S.
5.2.3.1. Market size and forecast, by product type
5.2.4. Canada
5.2.4.1. Market size and forecast, by product type
5.2.5. Mexico
5.2.5.1. Market size and forecast, by product type
5.3. EUROPE
5.3.1. Key Market Trends, Growth Factors and Opportunities
5.3.2. Market Size and Forecast
5.3.3. Germany
5.3.3.1. Market size and forecast, by product type
5.3.4. France
5.3.4.1. Market size and forecast, by product type
5.3.5. UK
5.3.5.1. Market size and forecast, by product type
5.3.6. Spain
5.3.6.1. Market size and forecast, by product type
5.3.7. Italy
5.3.7.1. Market size and forecast, by product type
5.3.8. Rest of Europe
5.3.8.1. Market size and forecast, by product type
5.4. ASIA-PACIFIC
5.4.1. Key Market Trends, Growth Factors and Opportunities
5.4.2. Market Size and Forecast
5.4.3. India
5.4.3.1. Market size and forecast, by product type
5.4.4. China
5.4.4.1. Market size and forecast, by product type
5.4.5. Japan
5.4.5.1. Market size and forecast, by product type
5.4.6. Australia
5.4.6.1. Market size and forecast, by product type
5.4.7. Korea
5.4.7.1. Market size and forecast, by product type
5.4.8. Rest of Asia-Pacific
5.4.8.1. Market size and forecast, by product type
5.5. LAMEA
5.5.1. Key Market Trends, Growth Factors and Opportunities
5.5.2. Market Size and Forecast
5.5.3. Brazil
5.5.3.1. Market size and forecast, by product type
5.5.4. Saudi Arabia
5.5.4.1. Market size and forecast, by product type
5.5.5. South Africa
5.5.5.1. Market size and forecast, by product type
5.5.6. Argentina
5.5.6.1. Market size and forecast, by product type
5.5.7. Turkey
5.5.7.1. Market size and forecast, by product type
5.5.8. Venezuala
5.5.8.1. Market size and forecast, by product type
5.5.9. Rest of LAMEA
5.5.9.1. Market size and forecast, by product type

CHAPTER 6. COMPANY PROFILES
6.1. NESTLE SA
6.1.1. Company Overview
6.1.2. Company Snapshot
6.1.3. Operating Business Segments
6.1.4. Business Performance
6.1.5. Key Strategic Moves and Developments
6.2. CHUPA CHUPS SA
6.2.1. Company Overview
6.2.2. Company Snapshot
6.2.3. Operating Business Segments
6.2.4. Business Performance
6.2.5. Key Strategic Moves and Developments
6.3. CABBORY PLC
6.3.1. Company Overview
6.3.2. Company Snapshot
6.3.3. Operating Business Segments
6.3.4. Business Performance
6.3.5. Key Strategic Moves and Developments
6.4. KRAFT FOODS INC
6.4.1. Company Overview
6.4.2. Company Snapshot
6.4.3. Operating Business Segments
6.4.4. Business Performance
6.4.5. Key Strategic Moves and Developments
6.5. FERRERO SPA
6.5.1. Company Overview
6.5.2. Company Snapshot
6.5.3. Operating Business Segments
6.5.4. Business Performance
6.5.5. Key Strategic Moves and Developments
6.6. THE HERSHEY COMPANY
6.6.1. Company Overview
6.6.2. Company Snapshot
6.6.3. Operating Business Segments
6.6.4. Business Performance
6.6.5. Key Strategic Moves and Developments
6.7. PERFETTI VAN MELLE S.P.A.
6.7.1. Company Overview
6.7.2. Company Snapshot
6.7.3. Operating Business Segments
6.7.4. Business Performance
6.7.5. Key Strategic Moves and Developments
6.8. LOTTE CONFECTIONERY CO LTD
6.8.1. Company Overview
6.8.2. Company Snapshot
6.8.3. Operating Business Segments
6.8.4. Business Performance
6.8.5. Key Strategic Moves and Devel
6.9. LINDT & SPRUNGLI
6.9.1. Company Overview
6.9.2. Company Snapshot
6.9.3. Operating Business Segments
6.9.4. Business Performance
6.9.5. Key Strategic Moves and Developments
6.10. WM WRIGLEY JR COMPANY
6.10.1. Company Overview
6.10.2. Company Snapshot
6.10.3. Operating Business Segments
6.10.4. Business Performance
6.10.5. Key Strategic Moves and Developments

List of Tables
Table 1. Global Sugar Confectionery Market Value, By Type, 2014-2022 ($Million)
Table 2. Global Hard-Boiled Sweets In Sugar Confectionery Market Value, By Region, 2014-2022 ($Million)
Table 3. Global Caramel And Toffees In Sugar Confectionery Market Value, By Region, 2014-2022 ($Million)
Table 4. Global Gums And Jellies Sugar Confectionery Market Value, By Region, 2014-2022 ($Million)
Table 5. Global Medicated Confectionery Sugar Confectionery Market Value, By Region, 2014-2022 ($Million)
Table 6. Global Mints Sugar Confectionery Market Value, By Region, 2014-2022 ($Million)
Table 7. Global Others Sugar Confectionery Market Value, By Region, 2014-2022 ($Million)
Table 8. Global Sugar Confectionery Market Value, By Region, 2014-2022 ($Million)
Table 9. North America Sugar Confectionery Market Value, By Type, 2014-2022 ($Million)
Table 10. North America Sugar Confectionery Market Value, By Country, 2014-2022 ($Million)
Table 11. U.S. Sugar Confectionery Market Value, By Type, 2014-2022 ($Million)
Table 12. Canada Sugar Confectionery Market Value, By Type, 2014-2022 ($Million)
Table 13. Mexico Sugar Confectionery Market Value, By Type, 2014-2022 ($Million)
Table 14. Europe Sugar Confectionery Market Value, By Type, 2014-2022 ($Million)
Table 15. Europe Sugar Confectionery Market Value, By Country, 2014-2022 ($Million)
Table 16. France Sugar Confectionery Market Value, By Type, 2014-2022 ($Million)
Table 17. Germany Sugar Confectionery Market Value, By Type, 2014-2022 ($Million)
Table 18. UK Sugar Confectionery Market Value, By Type, 2014-2022 ($Million)
Table 19. Spain Sugar Confectionery Market Value, By Type, 2014-2022 ($Million)
Table 20. Italy Sugar Confectionery Market Value, By Type, 2014-2022 ($Million)
Table 21. Rest Of Europe Sugar Confectionery Market Value, By Type, 2014-2022 ($Million)
Table 22. Asia-Pacific Sugar Confectionery Market Value, By Type, 2014-2022 ($Million)
Table 23. Asia-Pacific Sugar Confectionery Market Value, By Country, 2014-2022 ($Million)
Table 24. India Sugar Confectionery Market Value, By Type, 2014-2022 ($Million)
Table 25. China Sugar Confectionery Market Value, By Type, 2014-2022 ($Million)
Table 26. Japan Sugar Confectionery Market Value, By Type, 2014-2022 ($Million)
Table 27. Korea Sugar Confectionery Market Value, By Type, 2014-2022 ($Million)
Table 28. Australia Sugar Confectionery Market Value, By Type, 2014-2022 ($Million)
Table 29. Rest Of Asia-Pacific Sugar Confectionery Market Value, By Type, 2014-2022 ($Million)
Table 30. Lamea Sugar Confectionery Market Value, By Type, 2014-2022 ($Million)
Table 31. Lamea Sugar Confectionery Market Value, By Country, 2014-2022 ($Million)
Table 32. Brazil Sugar Confectionery Market Value, By Type, 2014-2022 ($Million)
Table 33. Saudi Arabia Sugar Confectionery Market Value, By Type, 2014-2022 ($Million)
Table 34. South Africa Sugar Confectionery Market Value, By Type, 2014-2022 ($Million)
Table 35. Argentina Sugar Confectionery Market Value, By Type, 2014-2022 ($Million)
Table 36. Turkey Sugar Confectionery Market Value, By Type, 2014-2022 ($Million)
Table 37. Venezuala Sugar Confectionery Market Value, By Type, 2014-2022 ($Million)
Table 38. Rest Of Lamea Sugar Confectionery Market Value, By Type, 2014-2022 ($Million)
Table 39. Nestle Sa: Company Snapshot
Table 40. Nestle Sa: Operating Segments
Table 41. Chupa Chups Sa: Company Snapshot
Table 42. Chupa Chups Sa: Operating Segments
Table 43. Cadboury Plc: Company Snapshot
Table 44. Cadboury Plc: Operating Segments
Table 45. Kraft Foods Inc: Company Snapshot
Table 46. Kraft Foods Inc: Operating Segments
Table 47. Ferrero Spa: Company Snapshot
Table 48. Ferrero Spa: Operating Segments
Table 49. The Hershey Company: Company Snapshot
Table 50. The Hershey Company: Operating Segments
Table 51. Perfetti Van Melle S.P.A: Company Snapshot
Table 52. Perfetti Van Melle S.P.A: Operating Segments
Table 53. Lotte Confectionery Co Ltd: Company Snapshot
Table 54. Lotte Confectionery Co Ltd: Operating Segments
Table 55. Lindt & Sprungli: Company Snapshot
Table 56. Lindt & Sprungli: Operating Segments
Table 57. Wm Wrigley Jr Company: Company Snapshot
Table 58. Wm Wrigley Jr Company: Operating Segments

List of Figures
Figure 1. Global Sugar Confectionery Market: Segmentation
Figure 2. Top Investment Pockets
Figure 3. Top Winning Strategies
Figure 4. Bargaining Power Of Suppliers
Figure 5. Bargaining Power Of Buyers
Figure 6. Threat Of New Entrants
Figure 7. Threat Of Substitutes
Figure 8. Competitive Rivalry
Figure 9. U.S. Sugar Confectionery Market Value, 2014-2022 ($Million)
Figure 10. Canada Sugar Confectionery Market Value, 2014-2022 ($Million)
Figure 11. Mexico Sugar Confectionery Market Value, 2014-2022 ($Million)
Figure 12. France Sugar Confectionery Market Value, 2014-2022 ($Million)
Figure 13. Germany Sugar Confectionery Market Value, 2014-2022 ($Million)
Figure 14. UK Sugar Confectionery Market Value, 2014-2022 ($Million)
Figure 15. Spain Sugar Confectionery Market Value, 2014-2022 ($Million)
Figure 16. Italy Sugar Confectionery Market Value, 2014-2022 ($Million)
Figure 17. Rest Of Europe Sugar Confectionery Market Value, 2014-2022 ($Million)
Figure 18. India Sugar Confectionery Market Value, 2014-2022 ($Million)
Figure 19. China Sugar Confectionery Market Value, 2014-2022 ($Million)
Figure 20. Japan Sugar Confectionery Market Value, 2014-2022 ($Million)
Figure 21. Korea Sugar Confectionery Market Value, 2014-2022 ($Million)
Figure 22. Australia Sugar Confectionery Market Value, 2014-2022 ($Million)
Figure 23. Rest Of Asia-Pacific Sugar Confectionery Market Value, 2014-2022 ($Million)
Figure 24. Brazil Sugar Confectionery Market Value, 2014-2022 ($Million)
Figure 25. Ksa Sugar Confectionery Market Value, 2014-2022 ($Million)
Figure 26. South Africa Sugar Confectionery Market Value, 2014-2022 ($Million)
Figure 27. Argentina Sugar Confectionery Market Value, 2014-2022 ($Million)
Figure 28. Turkey Sugar Confectionery Market Value, 2014-2022 ($Million)
Figure 29. Venezuala Sugar Confectionery Market Value, 2014-2022 ($Million)
Figure 30. Rest Of Lamea Sugar Confectionery Market Market Value, 2014-2022 ($Million)
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The solar encapsulation market was valued at $915 million in 2015, and is projected to reach $4,231 million by 2022, growing at a CAGR of 23.1% from 2016 to 2022. Based on application, construction occupied more than two-fifths share in 2015.

Solar encapsulation are materials to laminate the photovoltaic solar cells to enhance its efficiency and durability. The solar cell circuits are floated in between the materials such as ethylene vinyl acetate (EVA) and non-ethylene vinyl acetates to soften the effects of any external mechanical shocks and vibrations. EVA solar encapsulation has gained major demand in 2015 owing to its excellent protection against corrosion and delamination. In addition, encapsulated solar cells help improve the efficiency of solar modules owing to their excellent barrier protection against humidity and UV radiations. With the growth in need for alternative sources of energy such as solar energy, the market for solar encapsulation is expected to create potential growth opportunities with increase in applications in photovoltaic solar modules.

Increase in installation of rooftop solar panels positively impacts the growth of the solar encapsulation market. Photovoltaic cells have gained major traction owing to increase in applications in residential and nonresidential sector for electricity generation, which is estimated to generate potential growth opportunities for solar encapsulation materials. Based on solar module, the demand for monocrystalline and polycrystalline silicon cells have witnessed major traction owing to increase in application coupled with low operational cost associated with it. The increase in applications of such solar cells is expected to soar the demand for encapsulation materials. Furthermore, growth in demand for solar installations in construction sector fuel the demand for solar encapsulation in PV modules.

Key Findings of the Solar Encapsulation Market

  • The EVA solar encapsulation materials are expected to grow at a CAGR of 23.0% during the forecast period.
  • Based on solar module, the solar encapsulation market in monocrystalline silicon cells is anticipated to grow at a CAGR of 22.7% during the forecast period.
  • The North America solar encapsulation market in EVA materials is expected to grow at a CAGR of 23.9% from 2016-2022.
  • In 2015, polycrystalline solar cells occupied more than half share in market.
  • The automotive and electronic applications are expected to grow at a CAGR of 24.3% and 24.0% respectively during the forecast period.

LAMEA is projected to grow at a CAGR of 23.5% during the analysis period, owing to increase in photovoltaic installations. Furthermore, tax incentives for rooftop installations in Asia-Pacific region, such as India, is expected to drive the market growth for solar encapsulation materials. In addition, increase in development of low cost EVA films for solar encapsulation in China is expected to fuel its market growth in Asia-Pacific regions.

Top players operating in the market include STR Holdings Inc, Solutia, Bridgestone, Dow Corning, DuPont, 3M, MITSUI, JGP Energy, Hangzhou First PV material Co. Ltd, and AKCOME.

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