Global Encapsulant Market to Reach $9.5 Billion by 2034, Driven by Solar Energy Growth
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The global encapsulant market is projected to expand at a CAGR of 8.7% between 2024 and 2034, reaching a valuation of US$ 9.5 billion by 2034.
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The market is driven by the increasing use of encapsulants in solar PV modules to protect solar cells and ensure durability.
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Under curing type, room temperature encapsulants are estimated to expand at 8.6% CAGR by 2034.
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The UK encapsulant market is forecast to register a 9.7% CAGR by 2034.
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Based on chemistry, the epoxy segment is expected to expand at 8.4% CAGR by 2034.