Sealant for Photovoltaic Module Market size was valued at USD 1.2 Billion in 2024 and is forecasted to grow at a CAGR of 8.3% from 2026 to 2033, reaching USD 2.5 Billion by 2033.
In 2022, the global sealant market for photovoltaic (PV) modules was valued at approximately $372.5 million and is projected to reach around $644 million by 2029, reflecting a compound annual growth rate (CAGR) of 8.1% during the forecast period. The Asia Pacific region, led by countries like China and India, is experiencing significant growth due to increased solar installations and favorable government policies promoting renewable energy. Europe also presents substantial opportunities, with ambitious renewable energy targets driving demand for PV modules and associated sealants. The North American market is expanding as well, supported by declining costs of solar PV systems and increasing demand for clean energy. In the United States, for instance, the governments goal of achieving 100% clean electricity by 2035 is expected to boost demand for PV module sealants. Additionally, the development of advanced encapsulant materials, such as ethylene vinyl acetate (EVA) and polyolefins, offers opportunities for enhanced durability and efficiency of PV modules, further propelling market growth.
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DuPont
Shin-Etsu Polymer
Henkel
H.B. Fuller
Novagard
Elkem Silicones
Hubei Huitian New Materials
Guangzhou Jointas Chemical
Chengdu Guibao Science and Technology
Guangzhou Baiyun Chemical Industry
Sichuan Kelixin New Material
Yangzhou Chenhua New Materials
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 Sealant for Photovoltaic Module Market
Silicone Sealants
Polyurethane Sealants
Polyester Sealants
EPDM Sealants
Module Laminating
Edge Sealing
Backsheet Sealing
Frame Sealing
Thermoset Sealants
Thermoplastic Sealants
Residential
Commercial
Industrial
Moisture Cure
UV Cure
Heat Cure
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 Sealant for Photovoltaic Module 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 Sealant for Photovoltaic Module Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Sealant for Photovoltaic Module Market, By Type
6. Global Sealant for Photovoltaic Module Market, By Application
7. Global Sealant for Photovoltaic Module Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Sealant for Photovoltaic Module Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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