Market Overview:
The global PV bonding adhesives market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth of the market can be attributed to the increasing demand for solar energy across the globe. In addition, the growing awareness about the benefits of using solar energy is also propelling the growth of this market. The global PV bonding adhesives market by type is segmented into epoxy-based adhesive, polyurethane-based adhesive, silicon-based adhesive and others. The epoxy-based adhesive segment is expected to dominate the global PV bonding adhesives market in terms of revenue in 2018 and 2030 owing to its high performance and durability characteristics. The polyurethane-based adhesive segment is projected to grow at a higher CAGR during forecast period due to its superior properties such as thermal stability and chemical resistance as compared with other types of adhesives available in this market. In terms of application, crystalline silicon solar cell held majority share in 2017.
Product Definition:
PV bonding adhesives are used to bond photovoltaic cells together to form a photovoltaic module. The adhesive must be able to withstand the high temperatures and rigors of the manufacturing process, as well as the environmental conditions encountered in use.
Epoxy-based Adhesive:
Epoxy-based adhesive is a thermosetting polymer resin that contains an epoxide group. It exhibits superior properties such as high heat resistance, excellent adhesion and binding strength to various substrates and materials, weather ability, etc.
Polyurethane-based Adhesive:
Polyurethane-based adhesive is a type of synthetic rubber that exhibits superior properties such as adhesion, flexibility, and resistance to chemicals and heat. It is widely used in the construction industry for various applications such as flooring, roofing tiles, insulation foils and sheets along with other products including sealants. The product also finds application in automotive industry for bonding of interior components & exterior body panels.
Application Insights:
The other application segment includes thin-film photovoltaic cells, crystalline silicon solar cell and others. Thin film photovoltaic cells held the largest market share in 2017 owing to its low cost and high efficiency. Crystalline silicon solar cell is expected to be the fastest growing application segment over the forecast period owing to increasing demand for clean energy from residential as well as commercial sectors. Other applications include flexible pv panels that are used in building interiors and roofs, tracking systems for satellites, power generation plants & vehicles etc.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region owing to increasing demand for PV systems in countries such as China, India, Japan and South Korea. The growing manufacturing sector in these countries coupled with rising government support is likely to drive the market over the forecast period.
The European market was valued at USD X million in 2017 and is projected to grow significantly over the forecast period on account of increasing adoption of solar energy technologies across this region. In addition, technological advancements such as improved efficiency of crystalline silicon solar cells are anticipated to further fuel industry growth over the coming years.
North America accounted for a significant share of global revenue due its large Crystalline Silicon (CS) cell production capacity which has been shifted from Asian manufacturers owing poor economic conditions back home along with other factors including cheap labor cost.
Growth Factors:
- Increasing demand for solar energy: The global demand for solar energy is increasing rapidly due to the growing awareness of the benefits of using renewable sources of energy. This is driving the growth of the PV bonding adhesives market as well, as these adhesives are used in the manufacture of solar panels.
- Rising investment in renewable energy: Governments and private investors are increasingly investing in renewable sources of energy such as solar and wind power, which is driving the growth of the PV bonding adhesives market.
- Technological advancements: The development and commercialization of new technologies such as thin-film photovoltaics (TFV) has led to a decline in prices, making solar power more affordable and thus boosting its adoption worldwide. This is benefiting the PV bonding adhesive market too, as these adhesives are extensively used in TFV modules.
- Growing environmental concerns: The increasing awareness about climate change and its effects on humans and nature has led to an increase in demand for sustainable forms or renewable energy such as solar power generation from both individuals and organizations alike .This is aidingthe growthofPVBonding Adhesivemarketas theyareusedinthemanufactureofsolarpanelswhicharedesignedtoresisttheradiationandheatoutputofthelampsinstalledonsolarfieldsortowersites
Scope Of The Report
Report Attributes
Report Details
Report Title
PV Bonding Adhesives Market Research Report
By Type
Epoxy-based Adhesive, Polyurethane-based Adhesive, Silicon--based Adhesive, Others
By Application
Crystalline Silicon Solar Cell, Thin Film Solar Cell, Other
By Companies
H.B. Fuller, 3M Company, Henkel, Evonik Industries, Epic Resins, Dow, Sika, Wacker Chemie AG, LORD Corp, Shanghai Huitian New Material
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
230
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global PV Bonding Adhesives Market Report Segments:
The global PV Bonding Adhesives market is segmented on the basis of:
Types
Epoxy-based Adhesive, Polyurethane-based Adhesive, Silicon--based Adhesive, Others
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
Crystalline Silicon Solar Cell, Thin Film Solar Cell, Other
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:
- H.B. Fuller
- 3M Company
- Henkel
- Evonik Industries
- Epic Resins
- Dow
- Sika
- Wacker Chemie AG
- LORD Corp
- Shanghai Huitian New Material
Highlights of The PV Bonding Adhesives 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:
- Epoxy-based Adhesive
- Polyurethane-based Adhesive
- Silicon--based Adhesive
- Others
- By Application:
- Crystalline Silicon Solar Cell
- Thin Film Solar Cell
- Other
- 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 PV Bonding Adhesives 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
PV Bonding Adhesives are a type of adhesive that is used to bond two pieces of plastic together. They are often used in the construction and manufacturing industries to join plastic parts together.
Some of the key players operating in the pv bonding adhesives market are H.B. Fuller, 3M Company, Henkel, Evonik Industries, Epic Resins, Dow, Sika, Wacker Chemie AG, LORD Corp, Shanghai Huitian New Material.
The pv bonding adhesives market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 PV Bonding Adhesives 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 PV Bonding Adhesives Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 PV Bonding Adhesives 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 PV Bonding Adhesives 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 PV Bonding Adhesives Market Size & Forecast, 2020-2028
4.5.1 PV Bonding Adhesives Market Size and Y-o-Y Growth
4.5.2 PV Bonding Adhesives 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 Epoxy-based Adhesive
5.2.2 Polyurethane-based Adhesive
5.2.3 Silicon--based Adhesive
5.2.4 Others
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 Crystalline Silicon Solar Cell
6.2.2 Thin Film Solar Cell
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global PV Bonding Adhesives 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 PV Bonding Adhesives 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 Epoxy-based Adhesive
9.6.2 Polyurethane-based Adhesive
9.6.3 Silicon--based Adhesive
9.6.4 Others
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 Crystalline Silicon Solar Cell
9.10.2 Thin Film Solar Cell
9.10.3 Other
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 Epoxy-based Adhesive
10.6.2 Polyurethane-based Adhesive
10.6.3 Silicon--based Adhesive
10.6.4 Others
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 Crystalline Silicon Solar Cell
10.10.2 Thin Film Solar Cell
10.10.3 Other
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 Epoxy-based Adhesive
11.6.2 Polyurethane-based Adhesive
11.6.3 Silicon--based Adhesive
11.6.4 Others
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 Crystalline Silicon Solar Cell
11.10.2 Thin Film Solar Cell
11.10.3 Other
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 Epoxy-based Adhesive
12.6.2 Polyurethane-based Adhesive
12.6.3 Silicon--based Adhesive
12.6.4 Others
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 Crystalline Silicon Solar Cell
12.10.2 Thin Film Solar Cell
12.10.3 Other
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 Epoxy-based Adhesive
13.6.2 Polyurethane-based Adhesive
13.6.3 Silicon--based Adhesive
13.6.4 Others
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 Crystalline Silicon Solar Cell
13.10.2 Thin Film Solar Cell
13.10.3 Other
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 PV Bonding Adhesives Market: Competitive Dashboard
14.2 Global PV Bonding Adhesives Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 H.B. Fuller
14.3.2 3M Company
14.3.3 Henkel
14.3.4 Evonik Industries
14.3.5 Epic Resins
14.3.6 Dow
14.3.7 Sika
14.3.8 Wacker Chemie AG
14.3.9 LORD Corp
14.3.10 Shanghai Huitian New Material
