U.S. PV Module Encapsulant Film Market to 2032

Overview

The U.S. PV Module Encapsulant Film Market is expected to reach a 1,108.01 USD Million by 2032 and is projected to grow at a CAGR of 20.68% from 2025 to 2032.

Revenue, 2024 (USD Million)

297.31

Forecast, 2032 (USD Million)

1,108.01

CAGR, 2024 - 2032

20.68%

Report Coverage

U.S.

U.S. PV Module Encapsulant Film Market 2018-2032 USD Million

U.S. PV Module Encapsulant Film Market, Key Findings (2025-2032)

Market Growth and Projections:

Market Size (2024): 297.31 USD Million
Projected Market Size (2032): 1,108.01 USD Million
CAGR (2025-2032): 20.68%

Key Findings of U.S. PV Module Encapsulant Film Market

The U.S. PV Module Encapsulant Film Market was valued at 297.31 USD Million in 2024.
The U.S. PV Module Encapsulant Film Market is likely to grow at a CAGR of 20.68% during the forecast period of 2024 to 2032.
In 2024, the Largest segment Crystaline Silicon PV Module in Application Segment accounted for the largest share of the market with a revenue of 254.91 USD Million
The fastest growing segment EPE in Material Type Segment grew Fastest with a CAGR of 21.64% during the forecast period from 2024 to 2032.

U.S. PV Module Encapsulant Film Market Scope

U.S. PV Module Encapsulant Film Market Segmentation & Scope

End Use

Commercial Solar System
Residential Solar System
Industrial Solar System

Material Type

Others
Thermoplastic Polyolefin (TPO)
Polyvinyl Butyral (PVB)
Polyolefin Elastomer (POE)
EPE
Ethyl Vinyl Acetate (EVA)

Thickness

0.20-0.40MM
0.60-0.80MM
0.40-0.60MM

Weight

BELOW 400 G/M2
ABOVE 475 G/M2
400-475 G/M2

Application

Thin Film PV Module
Crystaline Silicon PV Module

Technology

Monofacial PV Module
Bifacial PV Module

U.S. PV Module Encapsulant Film Market Data Coverage Insights

Study Period	2024-2032
Base Year	2023
Unit	Revenue in USD Million
Market Value in 2024	297.31 USD Million
Market Value in 2032	1,108.01 USD Million
CAGR (2025-2032)	20.68%
Historic Data	2016-2023
Market Segments Covered	End Use,Material Type,Thickness,Weight,Application,Technology

Regional Insights:

Leading Market (2024-2032): U.S., leading in terms of revenue 297.31 USD Million in 2024
- Key Country: U.S., leading in terms of revenue with value of 297.31 USD Million in 2024.

Segments and Scope

U.S. PV Module Encapsulant Film Market to 2032, By End Use
- Industrial Solar System is the largest segment in U.S. PV Module Encapsulant Film Market to 2032 with a revenue of 207.11 USD Million in the year 2024.
- Industrial Solar System is the Fastest growing segment in U.S. PV Module Encapsulant Film Market to 2032 with a Growth rate of 20.92 % in forecast period 2025-2032.
U.S. PV Module Encapsulant Film Market to 2032, By Material Type
- Ethyl Vinyl Acetate (EVA) is the largest segment in U.S. PV Module Encapsulant Film Market to 2032 with a revenue of 155.70 USD Million in the year 2024.
- EPE is the Fastest growing segment in U.S. PV Module Encapsulant Film Market to 2032 with a Growth rate of 19.91 % in forecast period 2025-2032.
U.S. PV Module Encapsulant Film Market to 2032, By Thickness
- 0.40-0.60MM is the largest segment in U.S. PV Module Encapsulant Film Market to 2032 with a revenue of 116.80 USD Million in the year 2024.
- 0.40-0.60MM is the Fastest growing segment in U.S. PV Module Encapsulant Film Market to 2032 with a Growth rate of 21.11 % in forecast period 2025-2032.
U.S. PV Module Encapsulant Film Market to 2032, By Weight
- 400-475 G/M2 is the largest segment in U.S. PV Module Encapsulant Film Market to 2032 with a revenue of 128.14 USD Million in the year 2024.
- 400-475 G/M2 is the Fastest growing segment in U.S. PV Module Encapsulant Film Market to 2032 with a Growth rate of 20.99 % in forecast period 2025-2032.
U.S. PV Module Encapsulant Film Market to 2032, By Application
- Crystaline Silicon PV Module is the largest segment in U.S. PV Module Encapsulant Film Market to 2032 with a revenue of 254.91 USD Million in the year 2024.
- Crystaline Silicon PV Module is the Fastest growing segment in U.S. PV Module Encapsulant Film Market to 2032 with a Growth rate of 20.75 % in forecast period 2025-2032.
U.S. PV Module Encapsulant Film Market to 2032, By Technology
- Bifacial PV Module is the largest segment in U.S. PV Module Encapsulant Film Market to 2032 with a revenue of 188.26 USD Million in the year 2024.
- Bifacial PV Module is the Fastest growing segment in U.S. PV Module Encapsulant Film Market to 2032 with a Growth rate of 20.78 % in forecast period 2025-2032.

U.S. PV Module Encapsulant Film Market Company Share Analysis

Company Name
3M
Mitsui Chemicals, Inc.
H.B. Fuller Company
Cybrid Technologies Inc.
Dana Poly, Inc

U.S. PV Module Encapsulant Film Market Geographical Sales Distribution, 2018-2032 USD Million

U.S. PV Module Encapsulant Film Market Company Profiling

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Frequently Asked Questions

What are the primary segments covered in the U.S. PV Module Encapsulant Film Market?

The U.S. PV Module Encapsulant Film Market is segmented based on Segmentation End Use,Material Type,Thickness,Weight,Application,Technology.

What is the current market size of the U.S. PV Module Encapsulant Film Market?

U.S. PV Module Encapsulant Film Market was valued at USD 297.31(Revenue in USD Million) in 2023.

What is the expected growth rate of the U.S. PV Module Encapsulant Film Market?

U.S. PV Module Encapsulant Film Market is projected to grow at a CAGR of 20.68% during the forecast period of 2024 to 2032.

Which is the dominating segment in the U.S. PV Module Encapsulant Film Market?

The Crystaline Silicon PV Module segment is expected to dominate the U.S. PV Module Encapsulant Film Market, holding a largest market share of 254.91 USD Million in 2024