About Adhesive for Solar Panels
Adhesive for Solar Panels is a substance which can hold solar panels together in a functional manner by surface attachment that resists separation. This adhesive is made up of silicone which are suitable for bonding glass to metal, glass to painted metal or glass to plastic. It offers great heat, UV, and weathering resistance. Solar panel adhesives provide resistance against environmental conditions while reducing stress on components and lowering assembly time.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
The market for Adhesive for Solar Panels is highly competitive with several global as well as local players in the market. The global players are trying various strategies such as product innovation and using various marketing strategies to gain a higher market share. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Adhesive for Solar Panels market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
H.B. Fuller (United States), Evonik Industries (Germany), Epic Resins (United States ), Dow Corning Corporation (United States), 3m Company (United States), Avery Dennison (United States), Bostik (United States), Henkel (Germany), Serra Global Technology, S.L. (United States) and Sika Ag (Switzerland) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Adhesive for Solar Panels market by Type (Acrylates Adhesive, Epoxy Adhesive, Polyurethanes Based Adhesive and Silicone-based electrically conductive adhesives), Application (Crystalline solar panels, Thin Film Solar Panels and Other) and Region.
On the basis of geography, the market of Adhesive for Solar Panels has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Components, the sub-segment i.e. Silicon will boost the Adhesive for Solar Panels market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Online (E-Commerce Websites) will boost the Adhesive for Solar Panels market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Packaging, the sub-segment i.e. Cartridge will boost the Adhesive for Solar Panels market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Commercial will boost the Adhesive for Solar Panels market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
On 5 February 2020, Henkel Adhesives Technologies India unveiled its new production facility in Kurkumbh, near Pune. With a total investment of about INR 400 crores (€50 Million), the company aims to serve the growing demand of Indian industries for high-performance solutions in adhesives, sealants and surface treatment products. This state-of-the-art manufacturing facility site admeasures 100,000 SQM and has a built-up area of 51,000 SQM. This site is India’s largest adhesive manufacturing facility. It will further increase Henkel´s capabilities to serve customers across markets including flexible packaging, automotive, agriculture & construction equipment, general industry and metals.
Market Drivers
- Demand in Solar Energy Plants
- Growing Demand in Automotive Industry
- Increasing Demand in Cost Effective Installation and Assembly of Solar Panels System
Opportunities
- Rapid Adoption of Solar PV Energy Sources Across the Globe
- Growing Industrialization and Globalization
Restraints
- Peeling, Low Stickiness and Lower the Bond of Solar Panels in Short Period of Time
- Pressure Sensitive Solar Panels Adhesive
Challenges
- Higher Cost of Production and Time-Consuming Manufacturing Process
- Limited Raw Materials for Adhesive of Solar Panels
Key Target Audience
Solar Panels Adhesive Manufacturers, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.