Photovoltaics (PV) Films Industry Company Evaluation Report 2025 3M, Hangzhou First Applied Material, And Mitsui Chemicals Drive Growth With R&D, Global Expansions, And Sustainability Initiatives

(MENAFN- GlobeNewsWire - Nasdaq) The Photovoltaics (PV) Films Companies Quadrant provides a comprehensive analysis of the global PV films market, highlighting key players, technological advancements, and emerging trends. Evaluating over 100 companies, the quadrant identifies the top 14 leaders crucial to the solar energy sector, with 3M, Hangzhou First Applied Material Co., Ltd., and Mitsui Chemicals, Inc. being prominent contributors. PV films, vital for encapsulating solar cells, are made from materials like EVA, POE, and PVB, enhancing durability against environmental threats. The market is driven by rising demand for solar energy, innovation in film technologies, and increased adoption, particularly in the Asia-Pacific region.

Dublin, Sept. 08, 2025 (GLOBE NEWSWIRE) -- The "Photovoltaics (PV) Films - Company Evaluation Report, 2025" report has been added to ResearchAndMarkets's offering.
The Photovoltaics (PV) Films Companies Quadrant is a comprehensive industry analysis that provides valuable insights into the global market for Photovoltaics (PV) Films. This quadrant offers a detailed evaluation of key market players, technological advancements, product innovations, and emerging trends shaping the industry. The 360 Quadrant evaluated over 100 companies, of which the Top 14 Photovoltaics (PV) Films Companies were categorized and recognized as quadrant leaders.
Photovoltaic (PV) films play a crucial role in the solar energy sector due to their protective properties, optical clarity, and long-term durability. These polymer-based materials are used to encapsulate and safeguard solar cells within PV modules, ensuring reliable performance while resisting moisture, UV radiation, and mechanical stress. Commonly manufactured using materials like Ethylene Vinyl Acetate (EVA), Polyolefin Elastomer (POE), and Polyvinyl Butyral (PVB), PV films are integral to the production of solar panels for both ground-mounted PV systems and building-integrated PV (BIPV) systems.
The manufacturing process typically involves extrusion, lamination, and crosslinking to enhance mechanical strength, thermal stability, and light transmission. Growing adoption of renewable energy - particularly solar photovoltaics - is a primary factor fueling demand for PV encapsulation films. With increasing government support, subsidies, and clean energy goals, global deployment of solar systems has surged. Ground-mounted PV systems remain the most widely used due to their scalability, cost efficiency, and dominance in utility-scale projects. Simultaneously, BIPV is becoming more popular in urban settings where solar modules are integrated into building designs.
Ongoing advancements in high-efficiency and bifacial solar modules, along with a global transition toward sustainable energy, continue to propel the PV films market. Opportunities are expanding with rising investment in solar technologies and continued innovation in film formulations. There is growing demand for encapsulants offering enhanced UV resistance, durability, and recyclability, as manufacturers seek to reduce the Levelized Cost of Electricity (LCOE) and extend the operational life of modules. The Asia-Pacific region, particularly China, India, and Japan, leads the market due to widespread solar adoption, robust manufacturing infrastructure, and favorable policy frameworks. Additionally, intensified research into recyclable and eco-friendly encapsulants presents strong growth potential for material developers.
Photovoltaic (PV) films are advanced polymer materials designed to protect and enhance the performance of PV modules by forming a durable barrier around solar cells. These films are typically composed of ethylene vinyl acetate (EVA), polyolefin elastomer (POE), thermoplastic polyolefin (TPO), and other innovative materials that provide excellent optical clarity, strong adhesion, UV resistance, and mechanical durability.
PV encapsulation films are essential in preserving the structural integrity of solar modules, increasing light transmission, and shielding cells from environmental threats such as moisture, heat, dust, and ultraviolet radiation. By preventing issues like delamination, corrosion, and thermal degradation, these films significantly improve module efficiency and lifespan. The market for PV films continues to grow, driven by the rising global demand for renewable energy, improvements in solar panel design, and a strong focus on energy efficiency and sustainability. Progress in multi-layer and UV-stable film technologies, as well as efforts to reduce material costs and enhance recyclability, further supports market expansion.
The 360 Quadrant maps the Photovoltaics (PV) Films companies based on criteria such as revenue, geographic presence, growth strategies, investments, and sales strategies for the market presence of the Photovoltaics (PV) Films quadrant. Key players in the Photovoltaics (PV) Films market are actively investing in research and development, forming strategic partnerships, and engaging in collaborative initiatives to drive innovation, expand their global footprint, and maintain a competitive edge in this rapidly evolving market.
Top 3 Companies

3M
3M stands out for its commitment to product stewardship and innovation. Known for fostering impactful partnerships and executing transformative projects, 3M has a strong market presence across various regions, including Asia Pacific, Europe, and North America. The company has demonstrated remarkable innovation, averaging 3,500 patents annually over recent years. This dedication underscores 3M's role in advancing solar technology and maintaining a competitive edge in the PV films market through continuous investment in research and development.
HANGZHOU FIRST APPLIED MATERIAL CO., LTD.
As a leader in the Chinese market, Hangzhou First Applied Material Co., Ltd. focuses on photovoltaic packaging materials, with production facilities in China, Vietnam, and Thailand. Its strategic expansion involves a USD 270 million investment to build new production facilities, enhancing its capacity to meet the growing demand for solar energy solutions. Their focus on developing encapsulation films and backsheets demonstrates their pivotal role in supporting solar panel efficiency and durability.
Mitsui Chemicals, Inc.
Mitsui Chemicals has established a substantial presence in the PV films market through strategic expansions and digital transformation initiatives. Their new polyolefin elastomer plant in Singapore enhances capacity significantly, highlighting their investment in high-performance materials vital for solar module production. Operating globally, Mitsui Chemicals thrives by integrating cutting-edge technologies with sustainability-focused solutions.
Key Topics Covered:
1 Introduction
1.1 Market Definition
1.2 Inclusions and Exclusions
1.3 Stakeholders
2 Executive Summary
3 Market Overview
3.1 Introduction
3.2 Market Dynamics
3.2.1 Drivers
3.2.1.1 Increasing Demand for High-Performance Films to Enhance Solar Panel Longevity and Protection
3.2.1.2 Adoption of New Cell Technologies - Tunnel Oxide Passivated Contact (Topcon) and Heterojunction Technology (Hjt)
3.2.1.3 Government-Led Policies for Solar Energy
3.2.2 Restraints
3.2.2.1 Lack of Effective Recycling Processes for Used Pv Encapsulation Films
3.2.3 Opportunities
3.2.3.1 Increasing Deployment of Floating Solar Installations
3.2.3.2 Innovations in Encapsulation Materials to Elevate Panel Efficiency and Performance
3.2.4 Challenges
3.2.4.1 Performance Concerns Associated with Solar Films in Regions with Climate Variability
3.3 Impact of Generative AI on Photovoltaics (Pv) Films Market
3.3.1 Introduction
3.4 Patent Analysis
3.4.1 Methodology
3.4.2 Patents Granted Worldwide
3.4.3 Patent Publication Trends
3.4.4 Insights
3.4.5 Legal Status of Patents
3.4.6 Jurisdiction Analysis
3.4.7 Top Applicants
4 Industry Trends
4.1 Introduction
4.2 Trends/Disruptions Impacting Customer Business
4.3 Supply Chain Analysis
4.4 Impact of 2025 US Tariff on Photovoltaic (Pv) Films Market
4.4.1 Introduction
4.4.2 Key Tariff Rates
4.4.3 Price Impact Analysis
4.4.4 Impact on Regions
4.4.4.1 North America
4.4.4.2 Europe
4.4.4.3 Asia-Pacific
4.4.5 Impact on Materials
4.5 Ecosystem Analysis
4.6 Technology Analysis
4.6.1 Key Technologies
4.6.2 Complementary Technologies
4.6.3 Adjacent Technologies
4.7 Key Conferences and Events, 2025-2026
4.8 Porter's Five Forces Analysis
4.8.1 Threat of New Entrants
4.8.2 Threat of Substitutes
4.8.3 Bargaining Power of Suppliers
4.8.4 Bargaining Power of Buyers
4.8.5 Intensity of Competitive Rivalry
5 Competitive Landscape
5.1 Introduction
5.2 Key Player Strategies/Right to Win
5.3 Market Share Analysis
5.4 Revenue Analysis
5.5 Company Evaluation Matrix: Key Players, 2024
5.5.1 Stars
5.5.2 Emerging Leaders
5.5.3 Pervasive Players
5.5.4 Participants
5.5.5 Company Footprint: Key Players, 2024
5.5.5.1 Company Footprint
5.5.5.2 Region Footprint
5.5.5.3 Raw Material Footprint
5.5.5.4 Application Footprint
5.6 Company Evaluation Matrix: Startups/SMEs, 2024
5.6.1 Progressive Companies
5.6.2 Responsive Companies
5.6.3 Dynamic Companies
5.6.4 Starting Blocks
5.6.5 Competitive Benchmarking: Startups/SMEs, 2024
5.6.5.1 Detailed List of Key Startups/SMEs
5.6.5.2 Competitive Benchmarking of Key Startups/SMEs
5.7 Brand/Product Comparative Analysis
5.8 Company Valuation and Financial Metrics
5.9 Competitive Scenario
5.9.1 Product Launches
5.9.2 Deals
5.9.3 Expansions
5.9.4 Others
6 Company Profiles

• H.B. Fuller Company
• 3M
• Kuraray Co. Ltd.
• Ja Solar Technology Co. Ltd.
• Borealis GmbH
• Jiangsu Sveck Photovoltaic New Material Co. Ltd.
• Hangzhou First Applied Material Co. Ltd.
• Shanghai Hiuv New Materials Co. Ltd.
• Guangzhou Lushan New Materials Co. Ltd.
• Betterial
• Mitsui Chemicals, Inc.
• Hanwha Group
• Zhejiang Sinopont Technology Co. Ltd.
• Cybrid Technologies Inc.
• Satinal Spa
• Lucent Cleanenergy
• The Compound Company
• Dr. Hans Werner Chemikalien
• Filmtec
• Crown Advanced Material Co. Ltd.
• Hangzhou Xindongke Energy Technology Co. Ltd.
• Felix Nonwovens
• Huizhou Baojun Material Technology Co. Ltd.
• Dana Poly, Inc.
• Vishakha Renewables Pvt. Ltd.
• Novopolymers
• Enrich Encap Pvt. Ltd.
• Zhejiang Feiyu New Energy Co. Ltd.
• Fuyin Group

For more information about this report visit

About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

CONTACT: CONTACT: Laura Wood,Senior Press Manager ... For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900

MENAFN08092025004107003653ID1110032054