EVA Films Market

The EVA Films market size is projected to grow from USD  7.43 billion in 2024 to USD  11.26 billion by 2029, registering a CAGR of 8.7% during the forecast period. The market for EVA films is increasing because of their excellent properties, such as high transparency, flexibility, durability, and resistance to environmental conditions like UV radiation and moisture. The films have good adhesion to substrates, and hence they are used in lamination and encapsulation processes. EVA films also have good thermal stability, and hence they can work well under varying temperatures. The growing trend of using lighter and high-performance materials in several industries is also leading to their implementation. Innovations in the process of making films have made EVA films better quality, more efficient, inexpensive, and easily accessible.

EVA Films Companies

These prominent competitors, along with a slew of others, define the EVA Films market through ongoing innovation, partnership, joint venture, collaboration, investments, and expansion of manufacturing facilities, and worldwide growth strategies. Their contributions propel technological developments, broaden market reach, and shape industry standards, ultimately influencing the future of EVA Films and their numerous uses., such as include  H.B. Fuller (US), 3M (US), JA Solar Technology Co., Ltd. (China), Jiangsu Sveck Photovoltaic New Material Co., Ltd. (China), HANGZHOU FIRST APPLIED MATERIAL CO., LTD. (China), Shanghai HIUV New Materials Co., Ltd. (China), Guangzhou Lushan New Materials Co., Ltd. (China), Hanwha Group (South Korea), Cybrid Technologies Inc. (China), Betterial (China), Mativ (US) and Zhejiang Sinopont Technology Co., Ltd. (China) adopt, partnership, collaboration, and expansions  to increase their market shares and expand their geographic presence.

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H.B. Fuller Company, founded in 1887, is a leading global formulator, manufacturer, and marketer of encapsulants, films, adhesives, sealants, polymers, tapes, additives, and other specialty chemical products. The company is headquartered in Minnesota, US, and operates through three reportable segments: Hygiene, Health and Consumable Adhesives, Engineering Adhesives, and Construction Adhesives. The Hygiene, Health and Consumable Adhesives segment supplies adhesive products for various applications, including assembly, packaging, and hygiene markets. The Engineering segment focuses on high-performance adhesives for the transportation, electronics, clean energy, and aerospace industries. Meanwhile, the Construction Adhesives segment provides specialty adhesives, sealants, tapes, mortars, and grouts for commercial building and infrastructure projects. The company provides EVA films under the brands name PHOTOCAP®. H.B. Fuller boasts over 80 manufacturing sites and 35 technology innovation centers globally, holding more than 578 patents. Its products are marketed in over 140 countries and have sales operations in 35 countries across North America, Europe, Latin America, Asia-Pacific, the Middle East, and Africa.

3M, established in 1902, is a diversified technology and manufacturing company headquartered in Minnesota, US. 3M’s business portfolio comprises four distinct segments: Safety and Industrial, Transportation and Electronics, Health Care, and Consumer. The company manufactures EVA films under its Safety and Industrial division. 3M's Safety and Industrial division encompasses a wide range of products designed to enhance safety and efficiency across various industrial applications. This division includes offerings such as industrial abrasives and finishing solutions for metalworking, electrical products and materials for construction and maintenance, power distribution and electrical original equipment, structural adhesives and tapes, as well as natural and color-coated mineral granules used in roofing shingles. With a global presence in more than 200 countries, 3M operates 81 manufacturing and converting facilities in 28 countries and has laboratories in 36 countries.  3M organizes its operations into three regions: Americas, Asia Pacific, and Europe, Middle East & Africa. In 2023, Americas represented 56% of the company’s total revenue, followed by Asia Pacific at 26%, and Europe, Middle East & Africa at 18%.

Jiangsu Sveck Photovoltaic New Material Co., Ltd. is a high-tech enterprise specializing in the research, development, production, and sales of innovative materials, particularly for the photovoltaic (PV) industry. Established in 2005 and headquartered in Changzhou, China, the company has developed a strong focus on encapsulation materials for solar modules and lithium batteries. Jiangsu Sveck’s product portfolio comprises of photovoltaic encapsulation materials and aluminum plastic film. The company’s core business includes Anti-PID EVA, White EVA film, White EPE, POE, EPE, Black High Reflective EVA, HJT Film HA series, LRF etc. Jiangsu Sveck has a vast presence in Asia Pacific region with 4 production bases in Changzhou, Suqian, Yanchen, and Yiwu. The company’s products have been sold to over 20 countries and regions in worldwide.  Additionally, its products have obtained certifications such as UL, PCCC, and Jiangsu Boutique.

HANGZHOU FIRST APPLIED MATERIAL CO., LTD. is a leading Chinese enterprise established in 2003, specializing in the research, development, production, and distribution of photovoltaic packaging materials. The company offers a diverse product portfolio that includes PV materials, PCB/FPC, electronic components, and hot-melt web. Within the PV materials segment, the company produces ethylene/vinyl acetate (EVA) films, polyolefin (PO) films, and backsheet specifically designed for photovoltaic modules. Notably, its Solar EVA Film commands over 50% of the global market share, establishing strong relationships with numerous renowned PV enterprises, thereby significantly influencing the EVA film market. The company operates multiple production bases across China, located in Jiangmen, Chuzhou, Suzhou, and Jiaxing for its PV products, and has expanded its operations internationally with facilities in Vietnam and Thailand.

Shanghai HIUV New Materials Co., Ltd., established in 2005, is headquartered in Shanghai, China. The company specializes in the research, development, and manufacturing of innovative thin film materials. The company has pioneered the introduction of innovative products such as enhanced white pre-crosslinked EVA films for single glass modules, co-extruded POE films for PERC monocrystalline, N-type TOPCon, and HJT bifacial modules, as well as EXP films specifically designed for TOPCon applications. HIUV caters to various sectors including photovoltaic, automotive, architecture, and household, providing a range of advanced films as its main products. These include EVA films for photovoltaic modules, new automotive intelligent dimming films, eco-friendly surface materials, and thermal and noise reduction adhesive films. Additionally, HIUV has entered the automotive thin film materials field, launching electronic functional film products like liquid crystal smart tinting films. The company operates four factories in China located in Taizhou, Pinghu, Changzhou, and Shangrao, along with one factory in Vietnam, positioning itself as a significant player in the thin film materials market across Asia Pacific.

Related Reports:

EVA Films Market by Type (Standard EVA Film, Anti-PID EVA Films), Production Method (Extrusion, Casting), Application (Solar Panel Encapsulation, Lamination, Heat Seal), End-Use Industry (Renewable Energy, Packaging, Automotive) - Global Forecast to 2029

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