Market Overview:
The global solar panel adhesives 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. In addition, the growing awareness about the benefits of using solar energy is also contributing to the growth of this market. The global solar panel adhesives market can be segmented on the basis of type, application and region. On the basis of type, epoxy and polyurethane are two major types of adhesive used in solar panels. Epoxy adhesive is more popular than polyurethane adhesive due to its superior properties such as high strength, chemical resistance and thermal stability. On the basis of application, commercial and residential are two major segments into which this market can be divided. Commercial applications include installation in factories, warehouses or any other large buildings where space is not an issue whereas residential applications include installation on rooftops or ground-mounted systems where space availability is a constraint factor for users/installers . Regionally speaking , North America , Latin America Europe Asia Pacific & MEA are some key regions for players involved in manufacturing & supplying Solar Panel Adhesives globally .
Product Definition:
Solar Panel Adhesives are adhesives that are specifically designed to be used with solar panels. They are important because they help to keep the solar panels in place and ensure that they function correctly.
Epoxy:
Epoxy is a thermosetting polymer, which contains carbon, oxygen and hydrogen. It's most common usage is in the form of two component epoxies or single component epoxy (SCE), which are used as adhesives for solar panel components. The other major application includes electrical appliances such as toasters and electric shavers where it acts as a heat resistant adhesive.
Polyurethane:
Polyurethane (PU) is a polymer, which is manufactured by the catalytic reaction of an organic compound with hydrogen. It has high thermal stability and excellent mechanical strength. PU adheres very well to glass, metal, plastic and most other surfaces.
Application Insights:
The commercial segment held the largest share of over 70.0% in 2017. Growing demand for energy-efficient products across various end-use industries including building & construction, automotive and transportation, and electrical & electronics is expected to propel the product demand over the forecast period.
Solar panels are used in numerous applications including roofing, water heating/ cooling, space heating/ cooling (HVAC), walls & ceilings (SID), facades (ASID), pavements, car parking lot reflectors/markers or trackers, roadways with solar roadway markers or delineators. The growing application scope of solar panel adhesive is expected to drive market growth over the forecast period.
Regional Analysis:
Asia Pacific regional solar panel adhesive market is anticipated to grow at the highest CAGR over the forecast period. The presence of a large number of manufacturers in countries, such as China and Japan, has driven demand for adhesives in this region. In addition, increasing investments by foreign players in countries like India and Singapore are expected to drive growth over the next eight years.
The European market accounted for a significant share of global revenue owing to high product adoption across major end-use industries including construction, automotive and electronics among others. Increasing focus on reducing carbon footprint along with growing awareness regarding renewable energy sources is expected to drive demand for solar panels which will subsequently propel growth over the coming years.
Growth Factors:
- Increasing demand for solar energy: The global demand for solar energy is increasing rapidly due to the growing concerns about climate change and rising electricity costs. This is driving the growth of the solar panel adhesive market.
- Technological advancements: The technological advancements in the field of adhesives are helping to drive the growth of the solar panel adhesive market. These advancements are making adhesives more efficient and reliable, which is resulting in their increased adoption in various industries, including solar panels.
- Rising awareness about renewable energy: There is a growing awareness among people about renewable sources of energy such as solar power, which is helping to drive the growth of the global solar panel adhesive market.
- Growing investments in renewables: There has been a significant increase in investments made by governments and private companies in renewables technologies such as Solar Panel Adhesives over recent years, owing to their environmental benefits and long-term cost savings potentials .This is aidingthegrowthoftheglobalSolarPanelAdhesivemarket . 5) Stringent government regulations promoting useofrenewablesourcesofenergy : Governments aroundtheworldareimposingstricterregulationsontheratioofnon-renewableto renewableenergyinanefforttoresolveenvironmentalissuesandreducecarbonemissions .ThisishelpingtogrowthedemandforSolarPanelAdhesives
Scope Of The Report
Report Attributes
Report Details
Report Title
Solar Panel Adhesives Market Research Report
By Type
Epoxy, Polyurethane
By Application
Commercial, Residential
By Companies
3M Company, H.B. Fuller, Evonik Industries, Epic Resins, Dow Corning Corporation
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
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Solar Panel Adhesives Market Report Segments:
The global Solar Panel Adhesives market is segmented on the basis of:
Types
Epoxy, Polyurethane
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
Commercial, Residential
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:
- 3M Company
- H.B. Fuller
- Evonik Industries
- Epic Resins
- Dow Corning Corporation
Highlights of The Solar Panel 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
- Polyurethane
- By Application:
- Commercial
- Residential
- 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 Panel 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
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- Consumer Insights
- Understanding Competition Scenario
- 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?
Solar panel adhesives are a type of adhesive that is used to attach solar panels to roofs or other surfaces. Solar panel adhesives are made from a variety of materials, including silicone, acrylics, and polyurethanes. They are typically applied using a spray gun or brush. Solar panel adhesives can be used to attach solar panels directly to the roof surface or they can be used as part of an installation kit that includes screws and anchors.
Some of the key players operating in the solar panel adhesives market are 3M Company, H.B. Fuller, Evonik Industries, Epic Resins, Dow Corning Corporation.
The solar panel adhesives market is expected to register a CAGR of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Solar Panel Adhesives 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 Panel Adhesives Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Solar Panel Adhesives Market - Supply Chain
4.5. Global Solar Panel Adhesives Market Forecast
4.5.1. Solar Panel Adhesives Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Solar Panel Adhesives Market Size (000 Units) and Y-o-Y Growth
4.5.3. Solar Panel Adhesives Market Absolute $ Opportunity
5. Global Solar Panel Adhesives 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 Panel Adhesives Market Size and Volume Forecast by Type
5.3.1. Epoxy
5.3.2. Polyurethane
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Solar Panel Adhesives 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 Panel Adhesives Market Size and Volume Forecast by Application
6.3.1. Commercial
6.3.2. Residential
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Solar Panel Adhesives 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 Panel Adhesives 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 Panel Adhesives 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 Panel Adhesives 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 Panel Adhesives Demand Share Forecast, 2019-2026
9. North America Solar Panel Adhesives 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 Panel Adhesives 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 Panel Adhesives Market Size and Volume Forecast by Application
9.4.1. Commercial
9.4.2. Residential
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Solar Panel Adhesives Market Size and Volume Forecast by Type
9.7.1. Epoxy
9.7.2. Polyurethane
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 Panel Adhesives Demand Share Forecast, 2019-2026
10. Latin America Solar Panel Adhesives 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 Panel Adhesives 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 Panel Adhesives Market Size and Volume Forecast by Application
10.4.1. Commercial
10.4.2. Residential
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Solar Panel Adhesives Market Size and Volume Forecast by Type
10.7.1. Epoxy
10.7.2. Polyurethane
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 Panel Adhesives Demand Share Forecast, 2019-2026
11. Europe Solar Panel Adhesives 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 Panel Adhesives 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 Panel Adhesives Market Size and Volume Forecast by Application
11.4.1. Commercial
11.4.2. Residential
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Solar Panel Adhesives Market Size and Volume Forecast by Type
11.7.1. Epoxy
11.7.2. Polyurethane
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 Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Solar Panel Adhesives Demand Share, 2019-2026
12. Asia Pacific Solar Panel Adhesives 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 Panel Adhesives 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 Panel Adhesives Market Size and Volume Forecast by Application
12.4.1. Commercial
12.4.2. Residential
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Solar Panel Adhesives Market Size and Volume Forecast by Type
12.7.1. Epoxy
12.7.2. Polyurethane
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 Panel Adhesives Demand Share, 2019-2026
13. Middle East & Africa Solar Panel Adhesives 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 Panel Adhesives 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 Panel Adhesives Market Size and Volume Forecast by Application
13.4.1. Commercial
13.4.2. Residential
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Solar Panel Adhesives Market Size and Volume Forecast by Type
13.7.1. Epoxy
13.7.2. Polyurethane
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 Panel Adhesives Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Solar Panel Adhesives Market: Market Share Analysis
14.2. Solar Panel Adhesives Distributors and Customers
14.3. Solar Panel Adhesives Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. 3M Company
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. H.B. Fuller
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Evonik Industries
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Epic Resins
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Dow Corning Corporation
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. COMPANY6
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
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
