The global solar cell materials market is expected to grow at a CAGR of 6.5% during the forecast period, from 2021 to 2030. The growth of this market is driven by the increasing demand for renewable energy and the need for sustainable power generation. The residential segment accounted for the largest share in 2018, followed by commercial and utility segments. Asia Pacific was the largest regional market in 2018, followed by North America and Europe.
- Increasing investments in research and development activities are also driving the growth of this market as they help in developing new technologies that can be used for manufacturing solar cells with higher efficiency rates and lower costs per wattage generated than conventional silicon-based cells.
- The high cost associated with manufacturing solar cells using conventional silicon-based cells is one of the major factors restraining the growth of this market as it increases production costs significantly due to its low efficiency rates when compared with other types of cells such as thin film or organic photovoltaic (OPV) cells which have higher efficiencies than conventional silicon-based cells but are more expensive to manufacture due to their complex fabrication process involving vacuum deposition techniques or molecular beam epitaxy (MBE).
Industry Growth Insights published a new data on “Solar Cell Materials Market”. The research report is titled “Solar Cell Materials Market research by Types (By Material, By Product), By Applications (Residential, Commercial, Utility), By Players/Companies DowDuPont, BASF SE, Mitsubishi Material Corporation, Wacker Chemie AG, Hemlock Semiconductor Corporation LLC, LDK Solar Co. Ltd., Okmetic, Applied Materials, Inc, Shin-Etsu Chemicals Co., Ltd., Atecom Technology Co., Ltd., Topsil GlobalWafers A/S, Silicor Materials, Targray Technology International, Inc, Honeywell, Coveme, Ferrotec Corporation, Hangzhou First Applied Material Co. Ltd., Topray Solar”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Solar Cell Materials Market Research Report
By Type
By Material, By Product
By Application
Residential, Commercial, Utility
By Companies
DowDuPont, BASF SE, Mitsubishi Material Corporation, Wacker Chemie AG, Hemlock Semiconductor Corporation LLC, LDK Solar Co. Ltd., Okmetic, Applied Materials, Inc, Shin-Etsu Chemicals Co., Ltd., Atecom Technology Co., Ltd., Topsil GlobalWafers A/S, Silicor Materials, Targray Technology International, Inc, Honeywell, Coveme, Ferrotec Corporation, Hangzhou First Applied Material Co. Ltd., Topray Solar
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
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Solar Cell Materials Market Report Segments:
The global Solar Cell Materials market is segmented on the basis of:
Types
By Material, By Product
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
Residential, Commercial, Utility
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:
- DowDuPont
- BASF SE
- Mitsubishi Material Corporation
- Wacker Chemie AG
- Hemlock Semiconductor Corporation LLC
- LDK Solar Co. Ltd.
- Okmetic
- Applied Materials, Inc
- Shin-Etsu Chemicals Co., Ltd.
- Atecom Technology Co., Ltd.
- Topsil GlobalWafers A/S
- Silicor Materials
- Targray Technology International, Inc
- Honeywell
- Coveme
- Ferrotec Corporation
- Hangzhou First Applied Material Co. Ltd.
- Topray Solar
Highlights of The Solar Cell Materials 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:
- By Material
- By Product
- By Application:
- Residential
- Commercial
- Utility
- 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 Cell Materials 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
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer 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?
Solar cell materials are the components of a solar panel that convert sunlight into electrical energy. The most common solar cell materials are silicon, gallium arsenide, and cadmium telluride.
Some of the key players operating in the solar cell materials market are DowDuPont, BASF SE, Mitsubishi Material Corporation, Wacker Chemie AG, Hemlock Semiconductor Corporation LLC, LDK Solar Co. Ltd., Okmetic, Applied Materials, Inc, Shin-Etsu Chemicals Co., Ltd., Atecom Technology Co., Ltd., Topsil GlobalWafers A/S, Silicor Materials, Targray Technology International, Inc, Honeywell, Coveme, Ferrotec Corporation, Hangzhou First Applied Material Co. Ltd., Topray Solar.
The solar cell materials market is expected to grow at a compound annual growth rate of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Solar Cell Materials Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Solar Cell Materials Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Solar Cell Materials Market - Supply Chain
4.5. Global Solar Cell Materials Market Forecast
4.5.1. Solar Cell Materials Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Solar Cell Materials Market Size (000 Units) and Y-o-Y Growth
4.5.3. Solar Cell Materials Market Absolute $ Opportunity
5. Global Solar Cell Materials Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Solar Cell Materials Market Size and Volume Forecast by Type
5.3.1. By Material
5.3.2. By Product
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Solar Cell Materials Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Solar Cell Materials Market Size and Volume Forecast by Application
6.3.1. Residential
6.3.2. Commercial
6.3.3. Utility
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Solar Cell Materials Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Solar Cell Materials Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Solar Cell Materials Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Solar Cell Materials Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Solar Cell Materials Demand Share Forecast, 2019-2026
9. North America Solar Cell Materials Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Solar Cell Materials Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Solar Cell Materials Market Size and Volume Forecast by Application
9.4.1. Residential
9.4.2. Commercial
9.4.3. Utility
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Solar Cell Materials Market Size and Volume Forecast by Type
9.7.1. By Material
9.7.2. By Product
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Solar Cell Materials Demand Share Forecast, 2019-2026
10. Latin America Solar Cell Materials Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Solar Cell Materials Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Solar Cell Materials Market Size and Volume Forecast by Application
10.4.1. Residential
10.4.2. Commercial
10.4.3. Utility
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Solar Cell Materials Market Size and Volume Forecast by Type
10.7.1. By Material
10.7.2. By Product
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Solar Cell Materials Demand Share Forecast, 2019-2026
11. Europe Solar Cell Materials Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Solar Cell Materials Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Solar Cell Materials Market Size and Volume Forecast by Application
11.4.1. Residential
11.4.2. Commercial
11.4.3. Utility
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Solar Cell Materials Market Size and Volume Forecast by Type
11.7.1. By Material
11.7.2. By Product
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Produc Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Solar Cell Materials Demand Share, 2019-2026
12. Asia Pacific Solar Cell Materials Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Solar Cell Materials Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Solar Cell Materials Market Size and Volume Forecast by Application
12.4.1. Residential
12.4.2. Commercial
12.4.3. Utility
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Solar Cell Materials Market Size and Volume Forecast by Type
12.7.1. By Material
12.7.2. By Product
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Solar Cell Materials Demand Share, 2019-2026
13. Middle East & Africa Solar Cell Materials Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Solar Cell Materials Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Solar Cell Materials Market Size and Volume Forecast by Application
13.4.1. Residential
13.4.2. Commercial
13.4.3. Utility
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Solar Cell Materials Market Size and Volume Forecast by Type
13.7.1. By Material
13.7.2. By Product
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Solar Cell Materials Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Solar Cell Materials Market: Market Share Analysis
14.2. Solar Cell Materials Distributors and Customers
14.3. Solar Cell Materials Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. DowDuPont
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. BASF SE
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Mitsubishi Material Corporation
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Wacker Chemie AG
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Hemlock Semiconductor Corporation LLC
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. LDK Solar Co. Ltd.
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Okmetic
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Applied Materials, Inc
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Shin-Etsu Chemicals Co., Ltd.
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Atecom Technology Co., Ltd.
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Topsil GlobalWafers A/S
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Silicor Materials
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Targray Technology International, Inc
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Honeywell
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Coveme
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Ferrotec Corporation
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Hangzhou First Applied Material Co. Ltd.
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Topray Solar
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
