The global encapsulant materials for photovoltaic (PV) modules market is set for strong growth, projected to rise from USD 2.18 billion in 2024 to nearly USD 3.93 billion by 2034, at a steady CAGR of 6.07% (2025-2034). This growth is being driven by the worldwide surge in solar energy adoption, government incentives, and the demand for more durable, high-performance solar panels.
Renewable Vibes
September 25, 2025