Global PV Bonding 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 PV bonding adhesive market is anticipated to grow at a considerable CAGR during the forecast period. The market growth is attributed to the rising adoption of PV bonding 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 PV bonding adhesive market is segmented based on product type and application. Based on product type, the PV bonding adhesive market is segmented into epoxy-based adhesive, polyurethane-based adhesive, silicon-based adhesive, and others. Based on application, the PV bonding adhesive market is segmented into the crystalline silicon solar cell, thin film solar cell, and other.
Geographically, the global PV bonding 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 PV bonding adhesive market include H.B. Fuller, 3M Company, Henkel, Evonik Industries, Epic Resins, Dow, Sika, Wacker Chemie AG, LORD Corp.
The global PV bonding adhesive market is anticipated to grow at a considerable CAGR during the forecast period. The market growth is attributed to the rising adoption of PV bonding 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 PV bonding adhesive market is segmented based on product type and application. Based on product type, the PV bonding adhesive market is segmented into epoxy-based adhesive, polyurethane-based adhesive, silicon-based adhesive, and others. Based on application, the PV bonding adhesive market is segmented into the crystalline silicon solar cell, thin film solar cell, and other.
Geographically, the global PV bonding 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 PV bonding adhesive market include H.B. Fuller, 3M Company, Henkel, Evonik Industries, Epic Resins, Dow, Sika, Wacker Chemie AG, LORD Corp.
Market Segmentation
- Global PV Bonding Adhesive Market Research and Analysis by Product Type
- Global PV Bonding Adhesive Market Research and Analysis by Application
The Report Covers
- Comprehensive research methodology of the global PV bonding adhesive market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the global PV bonding adhesive market.
- Insights about market determinants that are stimulating the global PV bonding adhesive market.
- Detailed and extensive market segments with the regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
Table of Contents
1. Report Summary
2. Market Overview and Insights
3. Market Determinants
4. Market Segmentation
5. Regional Analysis
6. Company Profiles
List of Tables
List of Figures
Companies Mentioned
A selection of companies mentioned in this report includes:
- H.B. Fuller
- 3M Company
- Henkel Corp.
- Evonik Industries AG
- Epic Resins
- Dow Chemical Co.
- Sika AG
- Wacker Chemie AG
- LORD Corp.
- Solvay SA
