EVA Sheet for Solar Panel Market size is estimated to be USD 1.5 Billion in 2024 and is expected to reach USD 3.2 Billion by 2033 at a CAGR of 9.3% from 2026 to 2033.
In 2022, the global Ethylene Vinyl Acetate (EVA) sheet market for solar panels was valued at approximately USD 3.2 billion, with projections indicating growth to USD 7.8 billion by 2032, reflecting a compound annual growth rate (CAGR) of 9.5% from 2023 to 2032. This growth is driven by the increasing adoption of photovoltaic systems and heightened environmental awareness. The Asia Pacific region led the market, accounting for 42.2% of the global share in 2022, attributed to significant investments in renewable energy infrastructure in countries like China, India, and Japan. North America and Europe also held substantial market shares, with North America valued at around USD 600 million and Europe at approximately USD 500 million in 2023. Opportunities in the EVA sheet market are abundant, particularly in emerging markets across Latin America, Africa, and Southeast Asia, where investments in solar energy infrastructure are on the rise. Technological advancements, such as the development of bifacial solar modules and tandem solar cells, present avenues for innovation in EVA sheet manufacturing. Additionally, the growing emphasis on sustainability has led to increased demand for recyclable and biodegradable materials in the solar industry. However, challenges persist, including volatility in raw material prices and the need to comply with stringent regulatory standards, which require significant investment in research and development to ensure product quality and performance.
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Mitsui Chemicals
Targray
PIXON
3M
Hanwha
Hangzhou First Applied Material
AKCOME
Sveck
Solaronics Energy Systems Private Limited
Shanghai Tian Yang Hotmelt Adhesives
Brij Footcare Private Limited
KENGO Industrial
SKC
Inc
ENPEE
Guangzhou Lushan New Materials
Vishakha
Surat Exim Pvt. Ltd.
Navitas Solar
Shanghai HIUV New Materials Co.
Ltd.
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global EVA Sheet for Solar Panel Market
Monocrystalline Solar Panels
Polycrystalline Solar Panels
Thin-Film Solar Panels
Other Types
Residential
Commercial
Industrial
Utility-Scale
Roof-Mounted Solar Panels
Ground-Mounted Solar Panels
Floating Solar Panels
Residential Users
Commercial Users
Government & Public Sector
Utilities
Photovoltaic (PV) Solar Panels
Concentrated Solar Power (CSP)
Hybrid Solar Panels
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global EVA Sheet for Solar Panel Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global EVA Sheet for Solar Panel Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global EVA Sheet for Solar Panel Market, By Type
6. Global EVA Sheet for Solar Panel Market, By Application
7. Global EVA Sheet for Solar Panel Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global EVA Sheet for Solar Panel Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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