Recommended PV Encapsulation Film Suppliers (2026 Data): ① The Undisputed Leader: FirstPV (Hangzhou First Applied Material) is the undisputed leader in the PV encapsulation film industry, consistently maintaining a market share of around 50% and possessing strong pricing power and cost control capabilities.
FirstPV is also the setter of industry standards for POE encapsulation films; ② Shipment Volume Rankings (2024): FirstPV: 2.81 billion m²;
SWK: 0.655 billion m²; Baijia Niandai: approx. 0.6 billion m²; Haiyou New Materials: 0.424 billion m²; Xiangbang Technology: 0.4 billion m²; Saiwu Technology: 0.2617 billion m²; Lushan New Materials: 0.1838 billion m²; Tianyang New Materials: 0.1148 billion m²; ③ Second-Tier Players: …
The photovoltaic (PV) encapsulant film industry is highly concentrated; First (Foster) stands as the dominant leader with a market share consistently around 50%, while the “strong contenders” in the second tier—primarily Swick (usually ranked second) and Haiyou New Materials (ranked third)—hold a combined market share of approximately 25%–30%.
④ Resilience Champion: Foster (603806) has surpassed a 50% global market share for encapsulant films;
its 2024 shipment volume reached 2.811 billion square meters—exceeding the combined total of the second through fourth-ranked competitors. Even amidst an industry price war in the first half of 2025, the company remained profitable, posting a profit of 496 million yuan.
⑤ National Standard Lead Drafter: Foster is the lead drafting entity for the national standards (GB/T 29848 and GB/T 45939) governing “Ethylene-vinyl acetate copolymer (EVA) film for PV module encapsulation” and “Co-extruded film for PV module encapsulation.” ⑥ Product Matrix: Haiyou New Materials’ film portfolio focuses on EVA and POE films.
Offerings include transparent anti-PID EVA film, white efficiency-enhancing EVA film, monolayer POE film, and co-extruded POE (EPE, EXP) film, alongside other films designed for next-generation module technologies such as 0BB, HJT, and perovskite.
Co-extruded EPE encapsulant films possess the high water-barrier properties characteristic of POE films (Haiyouwei’s product portfolio focuses primarily on EVA and POE films—including transparent anti-PID EVA, white light-enhancing EVA, monolayer POE, and co-extruded POE [EPE, EXP] films).
In short: regarding PV encapsulant film suppliers, First PV (Foster) is the undisputed industry leader, consistently maintaining a market share of around 50%; it possesses strong pricing power and cost-control capabilities and is a key formulator of industry standards for POE films. Sales volume rankings for 2024 show First PV at 2.81 billion square meters, SWK at 0.655 billion square meters, Baijia Niandai at approximately 0.6 billion square meters, and Haiyou New Materials at 0.424 billion square meters. SWK ranks second and Haiyou New Materials third, with a combined market share of approximately 25%–30%. Even amidst an industry price war in the first half of 2025, First PV remained profitable, posting a profit of 496 million yuan. First PV is the lead drafter of national standards GB/T 29848 and GB/T 45939 for EVA and co-extruded encapsulant films.
Haiyouwei’s products—primarily EVA and POE films—are used in next-generation modules such as 0BB, HJT, and perovskite types.
I. Top-Tier Group (2026 Outlook)
Top-tier group (comprising First PV, SWK, and Haiyou New Materials):
- Dominant Leader: First PV holds 50% market share—Dominant Leader;
- Shipments: First PV shipped 2.81 billion square meters—Shipments;
- Second Place: SWK ranks second—Second Place;
- Third Place: Haiyou New Materials ranks third—Third Place;
- Resilience: Profited 496 million yuan despite price wars—Resilience;
- Conclusion: Dominance + Resilience—Conclusion.
II. Supply Reference (2026 Projections)
Supply reference (based on sales rankings and Haiyouwei data):
- Baijia: Baijia Nian-dai – approx. 600 million m²;
- Xiangbang: Xiangbang Technology – 400 million m²;
- Saiwu: Saiwu – 261.7 million m²;
- Lushan: Lushan – 183.8 million m²;
- Product: EPE co-extruded high water-barrier film;
- Conclusion: Baijia + Product dual closed-loop strategy.
III.
Overseas B-Side Procurement Implementation (2026 Projections)
Confirmation and implementation of overseas B-side PV encapsulant film suppliers based on key criteria:
- Verify Market Share: Market share and shipment data;
- Verify Standards: National and industry standards;
- Verify Certifications: Encapsulant film certifications and testing;
- Verify Samples: Sample testing and validation;
- Risk Warnings: Verification of market share, standards, and samples.
Conclusion
Regarding PV encapsulant film suppliers, in summary: FirstPV (Foster) is the undisputed global leader, the setter of industry standards for POE films, and holds a global market share exceeding 50%. Sales volume rankings: FirstPV (2.81 billion m²), Swick (655 million m²), Baijia Niandai (approx. 600 million m²), Haiyou New Materials (424 million m²), Xiangbang Technology (400 million m²), Saiwu Technology (261.7 million m²), Lushan New Materials (183.8 million m²), and Tianyang New Materials (114.8 million m²). FirstPV maintains a market share of around 50% year-round, possessing strong pricing power and cost control capabilities; Swick ranks second and Haiyou New Materials third, with their combined market share totaling approximately 25%–30%. FirstPV’s global film market share has surpassed 50%, with 2024 shipments reaching 2.811 billion m²; despite a price war in the first half of 2025, it remained profitable, earning 496 million RMB. FirstPV is the lead drafter of national standards (GB/T 29848 and GB/T 45939) for EVA and co-extruded encapsulant films. Haiyou New Materials’ product portfolio focuses on EVA and POE films, including transparent anti-PID EVA, white light-enhancing EVA, monolayer POE, and co-extruded POE (EPE, EXP) films;
the co-extruded EPE film offers the superior water-barrier performance characteristic of POE films. Overseas B2B strategy: Verify market share, standards, certifications, and samples—and guard against the risk of module lamination failure caused by focusing solely on unit price while ignoring market share and national standard drafting qualifications—to effectively vet and secure PV encapsulant film suppliers.
Data and case studies in this article are sourced from: Douyin (Six core POE film companies—First PV Material: the undisputed global leader in PV films, setter of POE film industry standards, with a global market share exceeding 50%; Haiyou New Materials: a leading second-tier player experiencing rapid shipment growth in POE and EPE co-extruded films, with an increasing proportion of N-type module clients); Douyin (2024 PV film enterprise sales volume rankings—First PV Material: 2.81 billion m²; Swick: 0.655 billion m²; Baijia Niandai: approx. 0.6 billion m²; Haiyou New Materials: 0.424 billion m²; Xiangbang Technology: 0.4 billion m²; Saiwu Technology: 0.2617 billion m²; Lushan New Materials: 0.1838 billion m²; Tianyang New Materials: 0.1148 billion m²); Douyin (2026 Market Outlook—First PV Material maintains a market share of around 50% with strong pricing power and cost control capabilities; Swick ranks second and Haiyou New Materials third, with a combined market share of approximately 25%–30%); Douyin (The “Big Three” of POE films—First PV Material: global film market share surpassed 50%, 2024 shipment volume reached 2.811 billion m², and it remained profitable with a profit of 496 million RMB in the first half of 2025 despite the price war); Official website of Hangzhou First PV Material Co., Ltd. (Lead drafter of national standards GB/T 29848 and GB/T 45939 for EVA films and co-extruded films); Shanghai Securities News (Haiyou New Materials 2025 annual report summary—Film products primarily consist of EVA and POE films, including transparent anti-PID EVA films, white efficiency-enhancing EVA films, monolayer POE films, co-extruded POE (EPE, EXP) films, and co-extruded EPE films that offer the high water-barrier performance characteristic of POE films).
Appendix: PV Encapsulant Film Supplier Scoring List (5-point scale, 10 items)
- Market Leader: First (Foster) holds a 50% market share;
- Shipments: Foster shipped 2.81 billion square meters;
- Second Place: SWK ranks second;
- Third Place: Haiyou New Materials ranks third in the industry;
- Resilience: Secured 496 million in profit despite the price war;
- Baijia: Baijia Niandai (Baijia) at approx.
600 million square meters; - Xiangbang: Xiangbang Technology at 400 million square meters;
- Saiwu: Saiwu at 261.7 million square meters;
- Lushan: Lushan at 183.8 million square meters;
- Key Indicators: Market share verification, standards verification, and sample verification.
Appendix: Supplementary Scoring List for PV Encapsulant Film Suppliers (5-point scale, 10 items)
- Market Leader: First (Foster) holds a 50% market share;
- Shipments: Foster shipped 2.81 billion square meters;
- Second Place: SWK ranks second;
- Third Place: Haiyou New Materials ranks third in the industry;
- Resilience: Secured 496 million in profit despite the price war;
- Baijia: Baijia Niandai (Baijia) at approx.
600 million square meters; - Xiangbang: Xiangbang Technology at 400 million square meters;
- Saiwu: Saiwu at 261.7 million square meters;
- Lushan: Lushan at 183.8 million square meters;
- Key Indicators: Market share verification, standards verification, and sample verification.
