Market Overview:
The global paste for photovoltaic market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for solar energy across the globe and technological advancements in the field of solar energy. The global paste for photovoltaic market is segmented on the basis of type, application, and region. On the basis of type, it is divided into front side ag paste, rear side ag paste, and rear side al paste. Front side ag pastes are used in multicrystalline silicon solar cells while rear side ag pastes are used in monocrystalline silicon solar cells. Rear side al pastes are used as an adhesive between aluminum backsheets and glass substrates in PV modules/panels. On the basis of application, it is classified into multicrystalline silicon solar cell, monocrystalline silicon solar cell, and others (thin-film PV module/panel).
Product Definition:
Paste is an important component for photovoltaic (PV) modules. It is a viscous material that helps to hold the PV cells together and provides insulation between them. This improves the efficiency of the module and helps to prevent damage from weathering.
Front Side Ag Paste:
The Front side Ag Paste is a thin layer of solar paste, which is applied on the front side of the crystalline silicon wafer during its production. It helps in increasing the efficiency and performance level of solar cells by reducing their internal heat and enhancing their light absorption capability. The product also improves cell durability by providing resistance to environmental stress such as temperature and pressure.
Rear Side Ag Paste:
Rear side ag paste is a thin layer of solar cell material that is coated on the glass and metal back sheet. It generates electricity by absorbing the sun’s rays and helps in reducing the weight, cost, and size of solar panels. The paste works as an alternative to front side agpaste which has been used traditionally for many years.
Application Insights:
The others application segment held the largest share of over 30.0% in 2017. The Paste for Others application includes Czapor's Rule of Law, Land Use Planning, and many more applications that are related to the usage of solar energy. In addition to this, it also includes applications such as water heating and space heating which is expected to drive demand over the forecast period.
The multicrystalline silicon solar cell was estimated as the largest product segment in 2017 owing to its high efficiency rate which ranges from 17% for trials up till 22%. This efficiency rate is higher than other products such as cadmiumtelluride (CdTe) or amorphous silicon (a-Si). The rear side al paste was estimated as one of the fastest growing segments due to increasing installations across commercial buildings and government initiatives regarding renewable energy generation across countries including India, China Japan etc.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The presence of a large number of PV manufacturers coupled with cheap labor in countries, such as China and India, is anticipated to drive demand for photovoltaic pastes in this region. In addition, favorable government policies on solar energy utilization are also expected to propel industry growth over the coming years.
The European market was valued at USD X million in 2017 owing to growing awareness regarding renewable energy generation along with increasing investments by major multinational companies for manufacturing high-quality solar cells using latest technologies. Moreover, rising installation of residential buildings using photovoltaic systems is further anticipated to fuel industry growth over the next eight years.
North America accounted for more than 20% share of global revenue due to growing installations of residential buildings that incorporate photovoltaic systems driven by rising awareness regarding environmental protection along with government subsidies & FIT programs implemented across various states within U.S.
Growth Factors:
- Paste for Photovoltaic market is driven by the increasing demand for solar energy across the globe.
- The declining prices of solar panels and installation costs are driving the growth of paste for photovoltaic market.
- Stringent government regulations to promote renewable energy are also fuelling the growth of paste for photovoltaic market.
- Increasing awareness about the benefits of using solar energy is also propelling the growth of this market segment .
Scope Of The Report
Report Attributes
Report Details
Report Title
Paste for Photovoltaic Market Research Report
By Type
Front Side Ag Paste, Rear Side Ag Paste, Rear Side Al Paste
By Application
Multicrystalline Silicon Solar Cell, Monocrystalline Silicon Solar Cell, Others
By Companies
DuPont, Heraeus, Samsung SDI, Johnson Matthey, Giga Solar, Toyo Aluminium K.K., Monocrystal, Noritake, Namics, Dongjin Semichem, EXOJET Technology Corporation, AG PRO, TTMC, Daejoo Electronic Materials, Rutech, Hoyi Technology, Tehsun, LEED Electronic Ink, Xi'an Hongxing Electronic Paste
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
191
Number of Tables & Figures
134
Customization Available
Yes, the report can be customized as per your need.
Global Paste for Photovoltaic Market Report Segments:
The global Paste for Photovoltaic market is segmented on the basis of:
Types
Front Side Ag Paste, Rear Side Ag Paste, Rear Side Al Paste
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Multicrystalline Silicon Solar Cell, Monocrystalline Silicon Solar Cell, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- DuPont
- Heraeus
- Samsung SDI
- Johnson Matthey
- Giga Solar
- Toyo Aluminium K.K.
- Monocrystal
- Noritake
- Namics
- Dongjin Semichem
- EXOJET Technology Corporation
- AG PRO
- TTMC
- Daejoo Electronic Materials
- Rutech
- Hoyi Technology
- Tehsun
- LEED Electronic Ink
- Xi'an Hongxing Electronic Paste
Highlights of The Paste for Photovoltaic Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Front Side Ag Paste
- Rear Side Ag Paste
- Rear Side Al Paste
- By Application:
- Multicrystalline Silicon Solar Cell
- Monocrystalline Silicon Solar Cell
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Paste for Photovoltaic Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Paste is a material that can be used to create solar cells. Solar cells are made up of small pieces of metal that are connected together to create an electric current. Paste is put between the pieces of metal and helps hold them together while they are being created. This makes it easier for the current to flow through the cell and creates a more efficient solar cell.
Some of the major companies in the paste for photovoltaic market are DuPont, Heraeus, Samsung SDI, Johnson Matthey, Giga Solar, Toyo Aluminium K.K., Monocrystal, Noritake, Namics, Dongjin Semichem, EXOJET Technology Corporation, AG PRO, TTMC, Daejoo Electronic Materials, Rutech, Hoyi Technology, Tehsun, LEED Electronic Ink, Xi'an Hongxing Electronic Paste.
The paste for photovoltaic market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Paste for Photovoltaic Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Paste for Photovoltaic Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Paste for Photovoltaic Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Paste for Photovoltaic Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Paste for Photovoltaic Market Size & Forecast, 2020-2028
4.5.1 Paste for Photovoltaic Market Size and Y-o-Y Growth
4.5.2 Paste for Photovoltaic Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Front Side Ag Paste
5.2.2 Rear Side Ag Paste
5.2.3 Rear Side Al Paste
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Multicrystalline Silicon Solar Cell
6.2.2 Monocrystalline Silicon Solar Cell
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Paste for Photovoltaic Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Paste for Photovoltaic Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Front Side Ag Paste
9.6.2 Rear Side Ag Paste
9.6.3 Rear Side Al Paste
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Multicrystalline Silicon Solar Cell
9.10.2 Monocrystalline Silicon Solar Cell
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Front Side Ag Paste
10.6.2 Rear Side Ag Paste
10.6.3 Rear Side Al Paste
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Multicrystalline Silicon Solar Cell
10.10.2 Monocrystalline Silicon Solar Cell
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Front Side Ag Paste
11.6.2 Rear Side Ag Paste
11.6.3 Rear Side Al Paste
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Multicrystalline Silicon Solar Cell
11.10.2 Monocrystalline Silicon Solar Cell
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Front Side Ag Paste
12.6.2 Rear Side Ag Paste
12.6.3 Rear Side Al Paste
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Multicrystalline Silicon Solar Cell
12.10.2 Monocrystalline Silicon Solar Cell
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Front Side Ag Paste
13.6.2 Rear Side Ag Paste
13.6.3 Rear Side Al Paste
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Multicrystalline Silicon Solar Cell
13.10.2 Monocrystalline Silicon Solar Cell
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Paste for Photovoltaic Market: Competitive Dashboard
14.2 Global Paste for Photovoltaic Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 DuPont
14.3.2 Heraeus
14.3.3 Samsung SDI
14.3.4 Johnson Matthey
14.3.5 Giga Solar
14.3.6 Toyo Aluminium K.K.
14.3.7 Monocrystal
14.3.8 Noritake
14.3.9 Namics
14.3.10 Dongjin Semichem
14.3.11 EXOJET Technology Corporation
14.3.12 AG PRO
14.3.13 TTMC
14.3.14 Daejoo Electronic Materials
14.3.15 Rutech
14.3.16 Hoyi Technology
14.3.17 Tehsun
14.3.18 LEED Electronic Ink
14.3.19 Xi'an Hongxing Electronic Paste
