Solar EVA Market Dynamics 2021-2031
MARKET OVERVIEW
The EVA (ethylene vinyl acetate) are installed in solar panels. EVA films are a key material utilized for customary in solar industry. The solar EVA market growth is primarily attributed to the increasing use in numerous applications such as foaming, film extrusion, and injection molding due to their superior properties such as flexibility, transparency, and high chemical resistance among others. The surge in demand for EVA in solar panel production is likely to drive the market growth over the forecast period. In addition, the growing investment in solar industry is anticipated to hold potential opportunity for the market growth.
MARKET SCOPE
The "Global Solar EVA Market Analysis to 2031" is a specialized and in-depth study of the Energy and Power with a special focus on the global market trend analysis. The report aims to provide an overview of the solar EVA market with detailed market segmentation by product type, application and geography. The report provides key statistics on the market status of the leading solar EVA market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- On the basis of product type the market is segmented into Anti-PID EVA, Regular EVA, and others
- On the basis application, the market is segmented as thin film module, silicon solar cells module, and others
MARKET DYNAMICS
Drivers
- The surge in demand for EVA in solar panel production drives the market growth
- Increase in investments in solar industry is propelling the market growth
Restraints
- Unavailability of raw material restraints the market growth
REGIONAL FRAMEWORK Naveen Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East & Africa (MEA), and South America. The solar EVA market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five region, evaluating political, economic, social and technological factors affecting the solar EVA market in these regions.
IMPACT OF COVID-19 ON SOLAR EVA MARKET
The emergence of the COVID-19 has severely impacted the power industries, which resulted decline in the demand for solar EVA in the year 2021. The covid-19 pandemic has slowed down the progress of projects in solar industry which in turn hampered the market growth. The shutdown of manufacturing units and lockdown initiative had hampered the market significantly. However, with reopening of industries from 2021, the development in adoption of EVA has been observed which is further strengthening the market growth. The government should ideally adopt a short-term policy, while mid-term and long-term action plans should be formulated, so as to achieve the renewable energy targets in the future that could help the market to grow in coming years. For instance, the Indian government had introduced the policies in its Union Budget 2022-23, to further strengthen the domestic solar manufacturing ecosystem under its Atmanirbhar Bharat vision. Hence, from 2021, the ease in restriction and opening of manufacturing industries have fueled the market growth over the projected period.
Have a question?
Speak to Analyst
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East & Africa (MEA), and South America. The solar EVA market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five region, evaluating political, economic, social and technological factors affecting the solar EVA market in these regions.
IMPACT OF COVID-19 ON SOLAR EVA MARKET
The emergence of the COVID-19 has severely impacted the power industries, which resulted decline in the demand for solar EVA in the year 2021. The covid-19 pandemic has slowed down the progress of projects in solar industry which in turn hampered the market growth. The shutdown of manufacturing units and lockdown initiative had hampered the market significantly. However, with reopening of industries from 2021, the development in adoption of EVA has been observed which is further strengthening the market growth. The government should ideally adopt a short-term policy, while mid-term and long-term action plans should be formulated, so as to achieve the renewable energy targets in the future that could help the market to grow in coming years. For instance, the Indian government had introduced the policies in its Union Budget 2022-23, to further strengthen the domestic solar manufacturing ecosystem under its Atmanirbhar Bharat vision. Hence, from 2021, the ease in restriction and opening of manufacturing industries have fueled the market growth over the projected period.
MARKET PLAYERS
The report covers key developments in the solar EVA market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as advancement in products, reallocation of resources and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players in solar EVA market are anticipated to get lucrative growth opportunities in the future owing increase in R&D investments. For instance, in December 2019, Celanese Corporation, a global chemical and specialty material company, acquired the Santoprene TPV elastomers business of Exxon Mobil Corporation, for strengthening its own portfolio. Further, in April 2021, the company had acquired Nouryon's re-dispersible polymer powder portfolio offered under the Elotex brand.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the solar EVA market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- STR Holdings Inc.
- MITSUI CHEMICALS EUROPE GmbH
- Hanwha Solutions Chemical Division Corporation
- SKC
- TPI Polene Public Company Limited
- SEKISUI CHEMICAL CO., LTD.
- Sinovoltaics Group Limited
- Bridgestone Corporation
- Lucent CleanEnergy
- HANGZHOU FIRST APPLIED MATERIAL CO., LTD.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Solar EVA Market - By Product Type
1.3.2 Solar EVA Market - By Application
1.3.3 Solar EVA Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. SOLAR EVA MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. SOLAR EVA MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. SOLAR EVA MARKET - GLOBAL MARKET ANALYSIS
6.1. SOLAR EVA - GLOBAL MARKET OVERVIEW
6.2. SOLAR EVA - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. SOLAR EVA MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. ANTI-PID EVA
7.3.1. Overview
7.3.2. Anti-PID EVA Market Forecast and Analysis
7.4. REGULAR EVA
7.4.1. Overview
7.4.2. Regular EVA Market Forecast and Analysis
7.5. OTHERS
7.5.1. Overview
7.5.2. Others Market Forecast and Analysis
8. SOLAR EVA MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. THIN FILM MODULE
8.3.1. Overview
8.3.2. Thin Film Module Market Forecast and Analysis
8.4. SILICON SOLAR CELLS MODULE
8.4.1. Overview
8.4.2. Silicon Solar Cells Module Market Forecast and Analysis
8.5. OTHERS
8.5.1. Overview
8.5.2. Others Market Forecast and Analysis
9. SOLAR EVA MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Solar EVA Market Overview
9.1.2 North America Solar EVA Market Forecasts and Analysis
9.1.3 North America Solar EVA Market Forecasts and Analysis - By Product Type
9.1.4 North America Solar EVA Market Forecasts and Analysis - By Application
9.1.5 North America Solar EVA Market Forecasts and Analysis - By Countries
9.1.5.1 United States Solar EVA Market
9.1.5.1.1 United States Solar EVA Market by Product Type
9.1.5.1.2 United States Solar EVA Market by Application
9.1.5.2 Canada Solar EVA Market
9.1.5.2.1 Canada Solar EVA Market by Product Type
9.1.5.2.2 Canada Solar EVA Market by Application
9.1.5.3 Mexico Solar EVA Market
9.1.5.3.1 Mexico Solar EVA Market by Product Type
9.1.5.3.2 Mexico Solar EVA Market by Application
9.2. EUROPE
9.2.1 Europe Solar EVA Market Overview
9.2.2 Europe Solar EVA Market Forecasts and Analysis
9.2.3 Europe Solar EVA Market Forecasts and Analysis - By Product Type
9.2.4 Europe Solar EVA Market Forecasts and Analysis - By Application
9.2.5 Europe Solar EVA Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Solar EVA Market
9.2.5.1.1 Germany Solar EVA Market by Product Type
9.2.5.1.2 Germany Solar EVA Market by Application
9.2.5.2 France Solar EVA Market
9.2.5.2.1 France Solar EVA Market by Product Type
9.2.5.2.2 France Solar EVA Market by Application
9.2.5.3 Italy Solar EVA Market
9.2.5.3.1 Italy Solar EVA Market by Product Type
9.2.5.3.2 Italy Solar EVA Market by Application
9.2.5.4 United Kingdom Solar EVA Market
9.2.5.4.1 United Kingdom Solar EVA Market by Product Type
9.2.5.4.2 United Kingdom Solar EVA Market by Application
9.2.5.5 Russia Solar EVA Market
9.2.5.5.1 Russia Solar EVA Market by Product Type
9.2.5.5.2 Russia Solar EVA Market by Application
9.2.5.6 Rest of Europe Solar EVA Market
9.2.5.6.1 Rest of Europe Solar EVA Market by Product Type
9.2.5.6.2 Rest of Europe Solar EVA Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Solar EVA Market Overview
9.3.2 Asia-Pacific Solar EVA Market Forecasts and Analysis
9.3.3 Asia-Pacific Solar EVA Market Forecasts and Analysis - By Product Type
9.3.4 Asia-Pacific Solar EVA Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Solar EVA Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Solar EVA Market
9.3.5.1.1 Australia Solar EVA Market by Product Type
9.3.5.1.2 Australia Solar EVA Market by Application
9.3.5.2 China Solar EVA Market
9.3.5.2.1 China Solar EVA Market by Product Type
9.3.5.2.2 China Solar EVA Market by Application
9.3.5.3 India Solar EVA Market
9.3.5.3.1 India Solar EVA Market by Product Type
9.3.5.3.2 India Solar EVA Market by Application
9.3.5.4 Japan Solar EVA Market
9.3.5.4.1 Japan Solar EVA Market by Product Type
9.3.5.4.2 Japan Solar EVA Market by Application
9.3.5.5 South Korea Solar EVA Market
9.3.5.5.1 South Korea Solar EVA Market by Product Type
9.3.5.5.2 South Korea Solar EVA Market by Application
9.3.5.6 Rest of Asia-Pacific Solar EVA Market
9.3.5.6.1 Rest of Asia-Pacific Solar EVA Market by Product Type
9.3.5.6.2 Rest of Asia-Pacific Solar EVA Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Solar EVA Market Overview
9.4.2 Middle East and Africa Solar EVA Market Forecasts and Analysis
9.4.3 Middle East and Africa Solar EVA Market Forecasts and Analysis - By Product Type
9.4.4 Middle East and Africa Solar EVA Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Solar EVA Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Solar EVA Market
9.4.5.1.1 South Africa Solar EVA Market by Product Type
9.4.5.1.2 South Africa Solar EVA Market by Application
9.4.5.2 Saudi Arabia Solar EVA Market
9.4.5.2.1 Saudi Arabia Solar EVA Market by Product Type
9.4.5.2.2 Saudi Arabia Solar EVA Market by Application
9.4.5.3 U.A.E Solar EVA Market
9.4.5.3.1 U.A.E Solar EVA Market by Product Type
9.4.5.3.2 U.A.E Solar EVA Market by Application
9.4.5.4 Rest of Middle East and Africa Solar EVA Market
9.4.5.4.1 Rest of Middle East and Africa Solar EVA Market by Product Type
9.4.5.4.2 Rest of Middle East and Africa Solar EVA Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Solar EVA Market Overview
9.5.2 South and Central America Solar EVA Market Forecasts and Analysis
9.5.3 South and Central America Solar EVA Market Forecasts and Analysis - By Product Type
9.5.4 South and Central America Solar EVA Market Forecasts and Analysis - By Application
9.5.5 South and Central America Solar EVA Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Solar EVA Market
9.5.5.1.1 Brazil Solar EVA Market by Product Type
9.5.5.1.2 Brazil Solar EVA Market by Application
9.5.5.2 Argentina Solar EVA Market
9.5.5.2.1 Argentina Solar EVA Market by Product Type
9.5.5.2.2 Argentina Solar EVA Market by Application
9.5.5.3 Rest of South and Central America Solar EVA Market
9.5.5.3.1 Rest of South and Central America Solar EVA Market by Product Type
9.5.5.3.2 Rest of South and Central America Solar EVA Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. SOLAR EVA MARKET, KEY COMPANY PROFILES
11.1. STR HOLDINGS INC.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. MITSUI CHEMICALS EUROPE GMBH
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. HANWHA SOLUTIONS CHEMICAL DIVISION CORPORATION
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. SKC
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. TPI POLENE PUBLIC COMPANY LIMITED
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. SEKISUI CHEMICAL CO., LTD.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. SINOVOLTAICS GROUP LIMITED
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. BRIDGESTONE CORPORATION
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. LUCENT CLEANENERGY
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. HANGZHOU FIRST APPLIED MATERIAL CO.,LTD.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List Of Companies
- STR Holdings Inc.
- MITSUI CHEMICALS EUROPE GmbH
- Hanwha Solutions Chemical Division Corporation
- SKC
- TPI Polene Public Company Limited
- SEKISUI CHEMICAL CO., LTD.
- Sinovoltaics Group Limited
- Bridgestone Corporation
- Lucent CleanEnergy
- HANGZHOU FIRST APPLIED MATERIAL CO.,LTD.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Get Free Sample For