Dublin, Oct. 15, 2013 (GLOBE NEWSWIRE) -- Research and Markets (http://www.researchandmarkets.com/research/989tsm/solar) has announced the addition of the "Solar Encapsulation Market by Materials, Technology, Applications: Global Trends & Forecast to 2018" report to their offering.
Growing demand of solar PVs and other applications, as well as increasing investment in the modernization of relevant infrastructure, will drive the global solar encapsulation market to 1,357.2 million by 2018, with a CAGR of 10.2% from 2013 to 2018.
The factors driving growth in the solar encapsulation market include the global demand for electricity, which is expected to double by 2030, the cost reduction potential of solar PV, and PV technology developments. Solar encapsulation is a moderately developing market with no other substitute ensuring it is a crucial component of PV modules' manufacturing. Thus, the market is expected to continue its steady growth rate.
Solar encapsulants are extensively used in construction, automotive, and electronics applications. Favorable demand in Asia and the growing applications of solar encapsulants are expected to be major demand drivers for the global market. Solar encapsulation manufacturers mainly focus on R&D in order to develop new and improved encapsulants for upcoming PV technologies, which offer more distinguished and revolutionary features such as efficiency, resistance against heat & moisture, flexibility, etc. Expansion and mergers & acquisitions into new and emerging markets such as Asia, Europe, and North America will continue to be the key for success for solar encapsulant manufacturers to increase their overall sales and revenue. STR Holdings Inc. (U.S.) is the leader in solar encapsulant market. It holds the majority of the global solar encapsulation market followed by Hangzhou First PV Material Co. Ltd. (China) and Solutia (U.S.). The remaining market share is occupied by other players such as Bridgestone (Japan), Dow Corning (U.S.) and DuPont (U.S.).
- Ethylene Vinyl Acetate (EVA)
- Polyvinyl Butyral (PVB)
- Polydimethylsiloxane (PDMS)
- Others (Thermoplastic Polyurethane (TPU) & Polyolefin)
- Single-crystal/polycrystalline silicon solar technology
- Thin-film solar technology
- Cadmium-telluride (CdTe)
- Copper-indium-gallium-selenide (CIGS)
- Amorphous silicon (a-Si)
Key Topics Covered:
2 Executive Summary
3 Premium Insights
4 Market Overview
5 Solar Encapsulants Market, By Materials
6 Solar Encapsulants Market, By Technology
7 Solar Encapsulants Market, By Applications
8 Solar Encapsulants Market, By Geography
9 Competitive Landscape
10 Company Profiles (Overview, Financials, Products & Services, Strategy, And Developments)*
10.3 Dai Nippon Printing Co. Ltd (DNP)
10.4 Dow Corning Corporation
10.5 E.I. Dupont De Nemours & Co.
10.7 First Solar Gmbh
10.8 Hangzhou First Pv Material Co. Ltd
10.9 Isovoltaic Ag
10.1 Kuraray Europe Gmbh
10.11 Mitsubishi Plastics Inc.
10.12 Mitsui Chemicals Tohcello Inc.
10.14 Sanvic Inc.
10.15 Solutia Inc.
10.16 Specialized Technology Resources Inc. (STR)
For more information visit http://www.researchandmarkets.com/research/989tsm/solar
Source:Research and Markets