Market Overview:
The global solar photovoltaic potting agent 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 rising awareness about the benefits of using solar photovoltaic systems. The global solar photovoltaic potting agent market is segmented on the basis of type, application, and region. On the basis of type, it is divided into one-component potting agent and dual-component potting agent. Dual-component potting agents are further classified into two types: reactive adhesives and non-reactive adhesives. Reactive adhesives are those that undergo a chemical reaction when they come in contact with another material, while non-reactive adhesives do not undergo any chemical reaction on contact with other materials. On the basis of application, it is segmented into photovoltaic modules and others (such as streetlights). Geographically, it is analyzed across North America, Latin America, Europe Asia Pacific (APAC), and Middle East & Africa (MEA).
Product Definition:
Solar Photovoltaic Potting Agent is a material that is used to fill the gaps between solar cells and the surface on which they are mounted. It helps in distributing mechanical stress evenly across the cell, improving its performance and lifetime.
One-component Potting Agent:
One-component potting agents are used for the encapsulation of solar photovoltaic modules. The growth factor in this market is increasing demand from emerging economies such as China, India, and Brazil. These countries have witnessed a huge surge in their manufacturing sectors which has led to an increase in demand for solar energy over the past few years.
The one-component potting agent is expected to witness significant growth owing to its properties such as high thermal stability.
Dual-component Potting Agent:
Dual-component potting agent is a two component system consisting of epoxy and polyurethane. It has been designed to replace expensive metal or ceramic parts in solar photovoltaic (PV) module assembly. Dual-component potting agent helps in increasing the efficiency of solar modules by reducing the possibility of water absorption, improving thermal conductivity, and providing mechanical stability to PV modules during its transportation and installation.
Application Insights:
The photovoltaic module application segment accounted for the largest revenue share of over 45% in 2017. The demand for solar PV modules is expected to witness significant growth owing to their increasing usage in residential and commercial sectors. Increasing government funding and incentives towards the installation of roof-top panels across countries such as Germany, China, India and the U.S., are likely to propel industry growth over the forecast period.
The others application segment includes projects using a combination of both monolithic integrated circuit (IC) chipsets and photovoltaic modules; it accounts for a considerable amount of market share on account of growing demand from various end-use industries including medical equipment, data centers/IT offices etc. Growing investments by companies such as Apple Inc., HP Inc., Lenovo Group Ltd.; Google LLC; Facebook Inc.; Microsoft Corporation; Amazon Web Services LLC among others are projected to augment industry expansion over the coming years.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to rising investments in renewable energy and technological advancements. China, Japan, South Korea, India and Taiwan are some of the largest solar PV manufacturing hubs globally. As a result of this trend, Asia Pacific is anticipated to witness significant growth in global solar PV production capacity from 2017 to 2025 at a CAGR exceeding 17% owing to low labor costs as compared to other regions.
The Middle East & Africa region accounted for over 10% share of global revenue in 2017 due its large fossil fuel reserves which has led it being called Saudi Arabia for oil rather than suns & photovoltaics industry despite huge potential exists there untapped with high irradiance levels similar or higher than those found across North America.
Growth Factors:
- Increasing demand for solar photovoltaic systems: The global market for solar photovoltaic (PV) systems is expected to grow from .4 billion in 2016 to 1.9 billion by 2021, at a compound annual growth rate (CAGR) of 14.0%. This growth is primarily attributed to the increasing demand for clean and renewable energy sources across the globe.
- Favorable government policies and incentives: Governments across the globe are promoting the adoption of solar PV systems through various policy initiatives and incentives such as feed-in tariffs, tax credits, and subsidies. For instance, Germany offers a feed-in tariff of €0.085 (~US
Industry Growth Insights published a new data on “Solar Photovoltaic Potting Agent Market”. The research report is titled “Solar Photovoltaic Potting Agent Market research by Types (One-component Potting Agent, Dual-component Potting Agent), By Applications (Photovoltaic Module, Others), By Players/Companies CHT UK Bridgwater Ltd, Epic Resins, Dupont, Henkel, Momentive, Dow Corning, Shin-Etsu Chemical Co., Ltd, Sika AG, Huitian New Material, CHT UK Bridgwater Ltd”.
Scope Of The.10)/kWh for 20 years to residential customers who install a PV system with a capacity up to 10 kWp; this has resulted in Germany having one of the highest installed capacities of PV systems in Europe .
- global median prices ranged from /Wpto /Wpfor rooftop installations , which is encouraging more consumers worldwide to adopt this technology
Scope Of The Report
Report Attributes
Report Details
Report Title
Solar Photovoltaic Potting Agent Market Research Report
By Type
One-component Potting Agent, Dual-component Potting Agent
By Application
Photovoltaic Module, Others
By Companies
CHT UK Bridgwater Ltd, Epic Resins, Dupont, Henkel, Momentive, Dow Corning, Shin-Etsu Chemical Co., Ltd, Sika AG, Huitian New Material, CHT UK Bridgwater Ltd
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
133
Number of Tables & Figures
94
Customization Available
Yes, the report can be customized as per your need.
Global Solar Photovoltaic Potting Agent Market Report Segments:
The global Solar Photovoltaic Potting Agent market is segmented on the basis of:
Types
One-component Potting Agent, Dual-component Potting Agent
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
Photovoltaic Module, 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:
- CHT UK Bridgwater Ltd
- Epic Resins
- Dupont
- Henkel
- Momentive
- Dow Corning
- Shin-Etsu Chemical Co., Ltd
- Sika AG
- Huitian New Material
- CHT UK Bridgwater Ltd
Highlights of The Solar Photovoltaic Potting Agent 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:
- One-component Potting Agent
- Dual-component Potting Agent
- By Application:
- Photovoltaic Module
- 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 Solar Photovoltaic Potting Agent 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.
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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?
Solar photovoltaic potting agent is a type of sealant that helps protect solar panels from moisture and other environmental factors. It can also help improve the panel's performance.
Some of the major companies in the solar photovoltaic potting agent market are CHT UK Bridgwater Ltd, Epic Resins, Dupont, Henkel, Momentive, Dow Corning, Shin-Etsu Chemical Co., Ltd, Sika AG, Huitian New Material, CHT UK Bridgwater Ltd.
The solar photovoltaic potting agent 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 Solar Photovoltaic Potting Agent 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 Solar Photovoltaic Potting Agent Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Solar Photovoltaic Potting Agent 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 Solar Photovoltaic Potting Agent 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 Solar Photovoltaic Potting Agent Market Size & Forecast, 2018-2028
4.5.1 Solar Photovoltaic Potting Agent Market Size and Y-o-Y Growth
4.5.2 Solar Photovoltaic Potting Agent Market Absolute $ Opportunity
Chapter 5 Global Solar Photovoltaic Potting Agent 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 Solar Photovoltaic Potting Agent Market Size Forecast by Type
5.2.1 One-component Potting Agent
5.2.2 Dual-component Potting Agent
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Solar Photovoltaic Potting Agent 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 Solar Photovoltaic Potting Agent Market Size Forecast by Applications
6.2.1 Photovoltaic Module
6.2.2 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Solar Photovoltaic Potting Agent 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 Solar Photovoltaic Potting Agent 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 Solar Photovoltaic Potting Agent Analysis and Forecast
9.1 Introduction
9.2 North America Solar Photovoltaic Potting Agent 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 Solar Photovoltaic Potting Agent Market Size Forecast by Type
9.6.1 One-component Potting Agent
9.6.2 Dual-component Potting Agent
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 Solar Photovoltaic Potting Agent Market Size Forecast by Applications
9.10.1 Photovoltaic Module
9.10.2 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 Solar Photovoltaic Potting Agent Analysis and Forecast
10.1 Introduction
10.2 Europe Solar Photovoltaic Potting Agent 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 Solar Photovoltaic Potting Agent Market Size Forecast by Type
10.6.1 One-component Potting Agent
10.6.2 Dual-component Potting Agent
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 Solar Photovoltaic Potting Agent Market Size Forecast by Applications
10.10.1 Photovoltaic Module
10.10.2 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 Solar Photovoltaic Potting Agent Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Solar Photovoltaic Potting Agent 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 Solar Photovoltaic Potting Agent Market Size Forecast by Type
11.6.1 One-component Potting Agent
11.6.2 Dual-component Potting Agent
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 Solar Photovoltaic Potting Agent Market Size Forecast by Applications
11.10.1 Photovoltaic Module
11.10.2 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 Solar Photovoltaic Potting Agent Analysis and Forecast
12.1 Introduction
12.2 Latin America Solar Photovoltaic Potting Agent 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 Solar Photovoltaic Potting Agent Market Size Forecast by Type
12.6.1 One-component Potting Agent
12.6.2 Dual-component Potting Agent
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 Solar Photovoltaic Potting Agent Market Size Forecast by Applications
12.10.1 Photovoltaic Module
12.10.2 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) Solar Photovoltaic Potting Agent Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Solar Photovoltaic Potting Agent 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) Solar Photovoltaic Potting Agent Market Size Forecast by Type
13.6.1 One-component Potting Agent
13.6.2 Dual-component Potting Agent
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) Solar Photovoltaic Potting Agent Market Size Forecast by Applications
13.10.1 Photovoltaic Module
13.10.2 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 Solar Photovoltaic Potting Agent Market: Competitive Dashboard
14.2 Global Solar Photovoltaic Potting Agent Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 CHT UK Bridgwater Ltd
14.3.2 Epic Resins
14.3.3 Dupont
14.3.4 Henkel
14.3.5 Momentive
14.3.6 Dow Corning
14.3.7 Shin-Etsu Chemical Co., Ltd
14.3.8 Sika AG
14.3.9 Huitian New Material
14.3.10 CHT UK Bridgwater Ltd
