Market Research Report
Solar Energy Adhesive Market 2021-2027
|Solar Energy Adhesive Market 2021-2027|
Published: February 12, 2022
Orion Market Research Pvt Ltd
Content info: 120 Pages
Delivery time: 2-3 business days
Global Solar Energy Adhesive
Market Size, Share & Trends Analysis Report by Product Type (Epoxy-based Adhesive, Polyurethane-based Adhesive, Silicon-based Adhesive, and Others), By Application (Crystalline Silicon Solar Cell, Thin Film Solar Cell, and Other) Forecast Period (2021-2027).
The global solar energy adhesive market is anticipated to grow at a considerable CAGR during the forecast period. The market growth is attributed to the rising adoption of solar energy adhesives owing to its lower assembly cost. These adhesives help to remove the requirement for mechanical fasteners like screws and U-bolts, as well as the stress points that these fasteners produce. They also give the solar panel endurance, long-term protection, and structural strength thanks to qualities like superior thermal and electrical management, as well as UV ray resistance.
Other drivers driving market expansion include strong GDP growth, rapid industrialization, and a rise in manufacturing output, particularly in developing nations. Concerns about the environment and laws on hazardous chemicals continue to obstruct business expansion.
The global solar energy adhesive market is segmented based on product type and application. Based on product type, the solar energy adhesive market is segmented into epoxy-based adhesive, polyurethane-based adhesive, silicon-based adhesive, and others. Based on application, the solar energy adhesive market is segmented into the crystalline silicon solar cell, thin film solar cell, and other.
Geographically, the global solar energy adhesive market covers the analysis of four major regions including North America (the US and Canada), Europe (UK, Germany, Italy, Spain, France, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), and the Rest of the World. Some of the companies operating in the global solar energy adhesive market include H.B. Fuller, 3M Company, Henkel, Evonik Industries, Epic Resins, Dow, Sika, Wacker Chemie AG, LORD Corp.