Solar EVA Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

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

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. 

Solar EVA Report Scope