Market Overview:
The global solar cell paste market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for solar energy across the globe. In addition, government initiatives and subsidies for installation of solar panels are also contributing to the growth of this market. The global solar cell paste market is segmented on the basis of type, application and region. On the basis of type, it is divided into Ag (front) paste, Ag (back) paste and Al Paste. The Ag (front) Paste segment accounts for a major share in terms of revenue in this market owing to its high efficiency as compared to other types of pastes. By application, it is classified into Polycrystalline Silicon Solar Cell and Monocrystalline Silicon Solar Cell segments.
Product Definition:
Solar Cell Paste is a material used to connect solar cells in a photovoltaic module. It is also used as an adhesive between the glass and backsheet of a solar module.
Ag (Front) Paste:
Ag (Front) paste is the part of solar cell that faces towards the sun during its growth and has a higher absorption coefficient than backpaste. It's main function is to concentrate sunlight on the core of solar cells, which increases their efficiency. The paste consists of an alloy or mixture of metals such as Czochralski (CZ) metal, ruthenium, tin and copper along with plastic additives such as brominated polyethylene glycol (BPG).
Ag (Back) Paste:
Back paste is a thin layer of transparent conducting oxide film on the glass that allows light to pass through while protecting the silicon wafers from damage. It also helps in increasing efficiency and reducing cost of solar cell manufacturing. The global increase in energy demand has led to an increase in focus on renewable sources for meeting this demand which has further increased investment flow towards photovoltaic industry over the past few years.
Application Insights:
Polycrystalline silicon solar cell was the most dominant application segment in 2017, accounting for over 50% of global market share. The growing demand for polycrystalline silicon cells is majorly driven by its low cost and high energy yield per unit area. Increasing focus on renewable sources of energy has led to an increased adoption of solar power across countries such as Germany, Italy, China and India.
Monocrystalline silicon solar cell is expected to witness significant growth over the forecast period owing to its increasing use in multi-layer photovoltaic (PV) modules across the globe particularly in regions with high insolation such as North America.
Regional Analysis:
Asia Pacific dominated the global solar cell paste market in 2016 and is expected to continue its dominance over the forecast period. The presence of a large number of manufacturers coupled with cheap labor costs in countries, such as China and India, are some of the major factors contributing to regional growth. In addition, favorable government policies encouraging investments from foreign players are also expected to drive demand over the next eight years.
The European region accounted for more than 20% share in 2016 owing to high consumer awareness regarding environmental protection along with rising focus on renewable energy utilization for electricity generation purposes. Moreover, growing efforts by governments across Europe towards deployment of innovative solar technologies are anticipated to augment industry size during the forecast period.
North America is projected to witness significant growth due North American companies focusing on research & development activities aimed at manufacturing cost-effective products suitable for different applications across various regions worldwide thereby driving demand within U S A and Canada region over next eight years (Figures 2 & 3).
Growth Factors:
- Increasing demand for solar energy due to global warming and rising electricity costs
- Government initiatives and subsidies for solar energy installations
- Reduction in the cost of solar cells and modules
- Increased awareness about the benefits of solar energy among consumers and businesses
- Technological advancements that improve the efficiency of solar cells
Scope Of The Report
Report Attributes
Report Details
Report Title
Solar Cell Paste Market Research Report
By Type
Ag (Front) Paste, Ag (Back) Paste, Al Paste
By Application
Polycrystalline Silicon Solar Cell, Monocrystalline Silicon Solar Cell
By Companies
DuPont, Heraeus, Rutech, Giga Solar, Toyo Aluminium, Monocrystal, Noritake, Daejoo, DONGJIN, ExoJet, AG PRO, NAMICS, Cermet, Leed, EGing, Xi’an Chuanglian, ThinTech Materials, Hoyi Tech, Tehsun, Xi'an Hongxing, Wuhan Youleguang, Samsung
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
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Solar Cell Paste Market Report Segments:
The global Solar Cell Paste market is segmented on the basis of:
Types
Ag (Front) Paste, Ag (Back) Paste, 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
Polycrystalline Silicon Solar Cell, Monocrystalline Silicon Solar Cell
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
- Rutech
- Giga Solar
- Toyo Aluminium
- Monocrystal
- Noritake
- Daejoo
- DONGJIN
- ExoJet
- AG PRO
- NAMICS
- Cermet
- Leed
- EGing
- Xi’an Chuanglian
- ThinTech Materials
- Hoyi Tech
- Tehsun
- Xi'an Hongxing
- Wuhan Youleguang
- Samsung
Highlights of The Solar Cell Paste 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:
- Ag (Front) Paste
- Ag (Back) Paste
- Al Paste
- By Application:
- Polycrystalline Silicon Solar Cell
- Monocrystalline Silicon Solar Cell
- 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 Paste 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?
Solar Cell Paste is a type of solar cell material that can be used to create solar cells. Solar Cell Paste is made up of small, thin pieces of silicon that are stuck together with a strong adhesive. This paste can then be molded into any shape or size, and it can even be painted or stained to match the surrounding environment. Solar Cell Paste is perfect for creating custom-made solar cells, as it allows for greater flexibility in design than traditional solar cell materials.
Some of the major players in the solar cell paste market are DuPont, Heraeus, Rutech, Giga Solar, Toyo Aluminium, Monocrystal, Noritake, Daejoo, DONGJIN, ExoJet, AG PRO, NAMICS, Cermet, Leed, EGing, Xi¢â‚¬â„¢an Chuanglian, ThinTech Materials, Hoyi Tech, Tehsun, Xi'an Hongxing, Wuhan Youleguang, Samsung.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Solar Cell Paste 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 Paste 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 Paste Market - Supply Chain
4.5. Global Solar Cell Paste Market Forecast
4.5.1. Solar Cell Paste Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Solar Cell Paste Market Size (000 Units) and Y-o-Y Growth
4.5.3. Solar Cell Paste Market Absolute $ Opportunity
5. Global Solar Cell Paste 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 Paste Market Size and Volume Forecast by Type
5.3.1. Ag (Front) Paste
5.3.2. Ag (Back) Paste
5.3.3. Al Paste
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Solar Cell Paste 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 Paste Market Size and Volume Forecast by Application
6.3.1. Polycrystalline Silicon Solar Cell
6.3.2. Monocrystalline Silicon Solar Cell
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Solar Cell Paste 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 Paste 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 Paste 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 Paste 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 Paste Demand Share Forecast, 2019-2026
9. North America Solar Cell Paste 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 Paste 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 Paste Market Size and Volume Forecast by Application
9.4.1. Polycrystalline Silicon Solar Cell
9.4.2. Monocrystalline Silicon Solar Cell
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Solar Cell Paste Market Size and Volume Forecast by Type
9.7.1. Ag (Front) Paste
9.7.2. Ag (Back) Paste
9.7.3. Al Paste
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 Paste Demand Share Forecast, 2019-2026
10. Latin America Solar Cell Paste 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 Paste 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 Paste Market Size and Volume Forecast by Application
10.4.1. Polycrystalline Silicon Solar Cell
10.4.2. Monocrystalline Silicon Solar Cell
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Solar Cell Paste Market Size and Volume Forecast by Type
10.7.1. Ag (Front) Paste
10.7.2. Ag (Back) Paste
10.7.3. Al Paste
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 Paste Demand Share Forecast, 2019-2026
11. Europe Solar Cell Paste 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 Paste 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 Paste Market Size and Volume Forecast by Application
11.4.1. Polycrystalline Silicon Solar Cell
11.4.2. Monocrystalline Silicon Solar Cell
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Solar Cell Paste Market Size and Volume Forecast by Type
11.7.1. Ag (Front) Paste
11.7.2. Ag (Back) Paste
11.7.3. Al Paste
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Gowth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Solar Cell Paste Demand Share, 2019-2026
12. Asia Pacific Solar Cell Paste 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 Paste 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 Paste Market Size and Volume Forecast by Application
12.4.1. Polycrystalline Silicon Solar Cell
12.4.2. Monocrystalline Silicon Solar Cell
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Solar Cell Paste Market Size and Volume Forecast by Type
12.7.1. Ag (Front) Paste
12.7.2. Ag (Back) Paste
12.7.3. Al Paste
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 Paste Demand Share, 2019-2026
13. Middle East & Africa Solar Cell Paste 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 Paste 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 Paste Market Size and Volume Forecast by Application
13.4.1. Polycrystalline Silicon Solar Cell
13.4.2. Monocrystalline Silicon Solar Cell
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 Paste Market Size and Volume Forecast by Type
13.7.1. Ag (Front) Paste
13.7.2. Ag (Back) Paste
13.7.3. Al Paste
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 Paste Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Solar Cell Paste Market: Market Share Analysis
14.2. Solar Cell Paste Distributors and Customers
14.3. Solar Cell Paste Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. DuPont
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Heraeus
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Rutech
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Giga Solar
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Toyo Aluminium
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Monocrystal
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Noritake
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Daejoo
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. DONGJIN
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. ExoJet
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. AG PRO
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. NAMICS
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Cermet
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Leed
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. EGing
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Xian Chuanglian
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. ThinTech Materials
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Hoyi Tech
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Tehsun
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Xi'an Hongxing
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
