Photovoltaic Films Market Set For Rapid Growth

Analysis: Trends, Demand, Size, And Key Player Forecast 2030

Published on Feb. 27, 2026

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The photovoltaic films market size is projected to grow from USD 14.05 billion in 2025 to USD 29.01 billion by 2030, registering a CAGR of 15.6% during the forecast period. Advancements in thin-film technologies, supportive renewable policies, and growing focus on energy-efficient infrastructure are expected to drive steady adoption.

Why it matters

Photovoltaic films are a key enabler of next-generation solar energy systems, providing lightweight, flexible, and cost-efficient solutions for buildings, vehicles, and portable electronics. The market expansion is driven by emerging technologies like Tunnel Oxide Passivated Contact (TOPCon) and Heterojunction Technology (HJT) that require specialized encapsulation films.

The details

PVB films account for the largest share of the photovoltaic films market due to their excellent physical and chemical properties, compatibility with new PV technology, and benefits like superior adhesion to glass, high optical clarity, and stronger protection from UV and moisture. Ground solar applications constitute the largest segment as utility-scale solar farms rely heavily on encapsulation films to protect panels in harsh conditions. Asia Pacific is the largest regional market, driven by China, India, Japan, and South Korea's active promotion of renewable energy and well-established solar manufacturing supply chains.

  • The photovoltaic films market size is projected to grow from USD 14.05 billion in 2025 to USD 29.01 billion by 2030.

The players

H.B. Fuller Company

A US-based diversified technology and manufacturing company that manufactures PV films.

3M

A diversified technology and manufacturing company headquartered in Minnesota, US that manufactures PV films under its Safety and Industrial division.

Hanwha Group

A diversified South Korean conglomerate that manufactures PV encapsulant EVA sheets through its Hanwha Advanced Materials subsidiary.

HANGZHOU FIRST APPLIED MATERIAL CO.,LTD.

A leading Chinese company specializing in the research, development, production, and distribution of photovoltaic packaging materials, including EVA films, PO films, and backsheets.

MarketsandMarkets

A blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space.

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The takeaway

Photovoltaic films are emerging as a critical component in the growth of next-generation solar energy systems, driven by advancements in thin-film technologies, supportive renewable policies, and the need for energy-efficient infrastructure solutions across various applications.