Global Solar Panel Coatings Market was valued at US$ 3.5 Bn in 2019 and is estimated to reach US$ 19.0 Bn by 2026 at a CAGR of 23.55% during the forecast period.
The report includes the analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
Global Solar Panel Coatings Market Dynamics
Strong government-support to generate renewable energy by using solar panel accelerates the market growth. Solar panels are being extensively utilized in generating energy on a residential and utility-scale. Solar panel coatings possess an excellent absorption capacity and high light transitivity thereby exhibiting maximum efficiency.
Global Solar Panel Coatings Market Segment Analysis
The residential segment is anticipated to dominate the market throughout the forecast period due to the rise in the adoption and installation of solar panels for generating energy and rising demand for installing rooftop solar panels. Rooftop solar panels comprise 80% share.
Anti-reflective coatings enhance the absorption capacity, improve light transitivity, and reduce the reflection, thereby improving the overall efficiency of solar panels hence drives the demand for anti-reflective solar panel coatings. The hydrophobic segment is the second-largest segment of the solar panel coatings market and is estimated to witness considerable demand in the forecast period. The excellent property of hydrophobic coatings does not allow the water to remain on the surface of solar panels.
Global Solar Panel Coatings Market Regional insights
The Asia Pacific is growing at a rapid pace due to the rise in the demand for solar panels to generate energy. In the Asia Pacific, China is a major consumer of solar panel installation, 45% of the capacity is installed by China in the year 2019. Runner-ups are installed in countries such as United States, Germany, Japan, India, and Italy respectively.
The report covers the total market for solar panel coatings and the impact of the different market factors, such as drivers, restraints, and opportunities, challenges, key issues, SWOT analysis, and technology forecasting is also illustrated in the report. This gives an idea about the key drivers, such as high growth and demand in emerging economies countries.
Global Solar Panel Coatings Market, Key Highlights:
• Global Solar Panel Coatings Market analysis and forecast, in terms of value. • Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Solar Panel Coatings Market • Global Solar Panel Coatings Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided. • Global Solar Panel Coatings Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study. • Global Solar Panel Coatings Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation. • Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.
• Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Solar Panel Coatings Market are also profiled.
Scope of the Global Solar Panel Coatings Market
Global Solar Panel Coatings Market, by Product:
• Anti-reflective • Hydrophobic • Self-cleaning • Anti-soiling • Anti-abrasion
Global Solar Panel Coatings Market, by End-Use Industry:
• Residential • Commercial • Energy • Agriculture • Automotive
Global Solar Panel Coatings Market, by Region:
• North America • Europe • Asia-Pacific • South America • Middle East & Africa
Global Solar Panel Coatings Market Key Players
• Arkema Group • Fenzi SpA • NanoTech Products Pty Limited • Koninklijke DSM N.V • 3M • PPG Industries Inc. • nanoShell Limited • NanoTech Products Pty Limited • Koninklijke DSM N.V • Simco Group • PPG Industries Inc. • Taypro • Unelko Corporation • Optitune Oy
• Diamon-Fusion International Inc. (DFI)
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