Solar Encapsulation Companies - Mitsui Chemicals, Inc. (Japan), Elkem ASA (Norway), Dow (US), 3M (US) and DuPont (US) are the leading players
The global Solar Encapsulation market is projected to reach USD 7.2 billion by 2028 from an estimated USD 4.9 billion in 2023, at a CAGR of 8.0% during the forecast period. Because of stringent carbon emission norms, increasing demand for unconventional energy sources, and supportive government policies and incentives. Due to their strong supply network, a few global and regional players hold a strong foothold in the Solar Encapsulation market. Mitsui Chemicals, Inc. (Japan), Elkem ASA (Norway), Dow (US), 3M (US), and DuPont (US) are the market leaders in the global Solar Encapsulation market. These companies have adopted strategies such as product launches, partnerships, collaborations, contracts, agreements, and acquisitions to increase their market share.
Mitsui Chemicals, Inc. is a multinational chemical company with a strong presence in basic chemicals, petrochemicals, and functional chemicals. The company offers a wide range of products such as performance materials, healthcare goods, agrochemicals, and basic chemicals like petrochemicals and industrial chemicals. Mitsui Chemical operates through five business segments namely, Life & Healthcare Solutions, Mobility Solutions, ICT Solutions, Basic & Green Materials, and Others. Under the mobility solutions business segment, the company offers elastomers, composite materials, and solutions business. The company provides solar encapsulant through its mobility solutions business segment. The company provides SOLAR EVA for Europe and Asia Pacific region only.
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Mitsui Chemicals, Inc. has three laboratories, four centers, and one planning & coordination division, which helps the company to provide innovative solutions. The company has a geographical footprint in Asia Pacific, Europe, and the Americas.
3M, originally established as the Minnesota Mining and Manufacturing Company, is a diversified technology company. 3M offers a wide range of products, such as adhesives, abrasives, lubricants, films, foams, and electronic materials. The company provides solar encapsulant based on Ethylene-Vinyl Acetate (EVA). The company operates through four business segments namely, safety and industrial, transportation and electronics, healthcare, and consumer. Under safety and industrial business segment, the company offers abrasives, industrial adhesives and tapes, and roofing granules.
3M has operations in 70 countries and sales in 200 countries. The company has a geographical presence in Asia Pacific, Europe, the Americas and Middle East and Africa.
DuPont is an American multinational company. The company offers next generation automotive solutions, water scarcity solutions, electronics, and specialized materials.
The company manages its operations through three business segments namely, electronics & industrial, water & protection, corporate & other. The company provides solar encapsulants through its electronics & industrial business segments. Electronics & industrial business segment also offers consumer electronics, broad portfolio of semiconductors, advanced packaging materials, high performance parts, specialty silicone elastomers, and more.
The company has a geographical presence in Asia Pacific, North America, Europe, Middle East and Africa and Latin America.
Related Reports:
Solar Encapsulation Market by Material (EVA, PVB, PDMS, Ionomer, TPU, Polyolefin), Technology (Crystalline Silicon, Thin-film Solar), Application (Ground-mounted, Building-integrated Photovoltaic, Floating Photovoltaic) & Region - Global Forecast to 2028
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