Press Release
Press Release
Amid Ukraine-Russia crisis, our analysts and industry experts are closely monitoring the markets and working hard to identify, gather and timely deliver analysis of the impact of the situation and the impact that it has on various markets. All our reports are updated with the latest impact on the market before being sent out to our customers.
According to a new report by EMR titled, ‘Global Photovoltaic Materials Market Report and Forecast 2022-2027’, the market attained a value of around USD 21.42 billion in 2020. The industry is further expected to grow at a CAGR of 14.04% between 2022 and 2027.
The heightened demand for photovoltaic cells across industry verticals, owing to the growing demand for green energy solutions such as solar power, is driving the growth of the photovoltaic materials industry. Furthermore, the growing pollution levels worldwide are driving end users to increasingly invest in sustainable energy resources to reduce their carbon footprint. Moreover, the governments in major regions of the world are offering incentives and tax rebates to the photovoltaic cell users, which is further propelling its popularity. In addition, solar energy trapping photovoltaic cells are also being placed in public spaces in the pursuit of creating green cities, wherein these cells help to light up streetlights and large hoardings.
The rising focus of the leading market players in the development of photovoltaic materials that enhance the efficiency of the solar panels is expected to significantly bolster the industry growth in the forecast period. For example, in June 2019, DuPont de Nemours, Inc. (NYSE: DD) introduced the New DuPont Fortasun solar silicons product line. This silicon-based product line comprises sealants, potting agents, adhesives, among others. These materials aim to enhance the durability and productivity and the overall performance of solar panels. Furthermore, in July 2021, First Solar Inc. (NASDAQ: FSLR), an American solar panel manufacturer, announced its plan to expand its global manufacturing footprint with addition of a new 3.3 GW facility in Tamil Nadu, India. The company plans to invest USD 684 million in the fully-vertically integrated photovoltaic thin-film solar module manufacturing unit in India. Such developments are expected to positively impact the growth of the photovoltaic materials industry in the forecast period.
Market Breakup by Material, Product, Application, and Region:
Key Findings of the Report:
Key Offerings of the Report:
The major players in the global photovoltaic materials market are DuPont de Nemours, Inc., American Elements Corporation, Merck KGaA, NovoPolymers NV, and Hangzhou First Applied Material Co., Ltd., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
About Us
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium-sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
Contact Us:
Expert Market Research
Website: www.expertmarketresearch.com
Email: sales@expertmarketresearch.com
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.