Reports
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.
Global Photovoltaic Materials Market: By Material: Polycrystalline Silicon, Monocrystalline Silicon, Cadmium Telluride, Copper Indium Gallium Selenide (CIGS), Others; By Product; By Application; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics: SWOT Analysis; Competitive Landscape; Industry Events and Developments
Global Photovoltaic Materials Market Outlook
The global photovoltaic materials market stood at a value of around USD 21.42 billion in 2020. The market is further expected to grow at a CAGR of 14.04% in the forecast period of 2023-2028 to attain a value of around USD 40.24 billion by 2026.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Residential Segment to Occupy a Substantial Market Share of the Global Photovoltaic Materials Industry
Based on application, the residential segment is predicted to account for a significant market share in the photovoltaic materials industry. This increase can be attributed to the increased adoption of photovoltaic cells in the residential sector. The decreasing price of photovoltaic cells is a major factor contributing to the increased demand. The consumers are exceedingly adopting solar energy to meet their household electricity demands by installing photovoltaic cells on their rooftops. Moreover, many government initiatives offering tax rebates to PV cell users are further increasing its popularity among consumers. In addition, the growing consciousness pertaining to the environment is also driving consumers to increasingly invest in sustainable energy mechanisms. These aspects are predicted to bolster the market in the coming years.
The Asia Pacific to Account for a Considerable Market Share in the Global Photovoltaic Materials Industry
The Asia Pacific is estimated to hold a substantial share of the photovoltaic materials industry in the forecast period. This growth can be attributed to the growing investments in sustainable energy generation by the governments in the region. In addition, the rising disposable income levels, improved standards of living, and the prospering public infrastructure such as the development of smart and green cities are also significant factors propelling the industry growth. According to the statistics provided by the International Renewable Energy Agency, the Asia Pacific, especially China, is predicted to dominate the solar PV market in terms of installation capacity, which is expected to grow beyond 50% by 2050.
Photovoltaic Materials: Market Segmentation
Photovoltaics is an emerging sustainable energy generation mechanism that is increasingly gaining prominence around the world. It refers to the conversion of solar energy into electricity with the help of photovoltaic materials, that is, semiconducting materials, which help to absorb the energy and transfer it to negatively charged particles known as electrons. Thus, the system charges the electrons to flow through the material in the form of an electric current extracted by the conductive metals, which further powers the electric grid, providing electricity to various electronic and electrical devices.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
By material, the market is distributed into:
- Polycrystalline Silicon
- Monocrystalline Silicon
- Cadmium Telluride
- Copper Indium Gallium Selenide (CIGS)
- Others
On the basis of product, the industry can be segmented into:
- Front Sheet
- Encapsulant
- Back Sheet
- Others
Based on application, the market can be categorised into:
- Utility
- Residential
- Non-Residential
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Increased Investments in Sustainable Energy Generation to Augment the Growth of the Global Photovoltaic Materials Industry
With the rising eco-consciousness worldwide, fuelled by the rapidly increasing pollution levels, consumers are steadily investing in renewable energy resources. At the same time, governments are investing in the development of sustainable energy generation plants and the deployment of renewable energy across industries to reduce carbon emissions. In addition, technological innovations such as tandem and perovskite technologies are enhancing the efficiency of traditional silicon solar cells. Moreover, new cell structure architecture such as passive emitter and rear cells are increasingly being adopted, as they are compatible with emerging technological innovations such as half-cut cells. Furthermore, growing investments in the research and development of prototypes of advanced PV cells in order to increase their capacity as well as utility are estimated to boost the industry growth in the forecast period.
Key Industry Players in the Global Photovoltaic Materials Market
The report gives a detailed analysis of the following key players in the global photovoltaic materials market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- DuPont de Nemours, Inc.
- American Elements Corporation
- Merck KGaA
- NovoPolymers NV
- Hangzhou First Applied Material Co., Ltd.
- Others
The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model and SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Material, Product, Application, Region |
| Breakup by Material | Polycrystalline Silicon, Monocrystalline Silicon, Cadmium Telluride, Copper Indium Gallium Selenide (CIGS), Others |
| Breakup by Product | Front Sheet, Encapsulant, Back Sheet, Others |
| Breakup by Application | Utility, Residential, Non-Residential |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Trade Data Analysis | Major Importing Countries by Value and Volume, Major Exporting Countries by Value and Volume |
| Price Analysis | Historical and Forecast Price Trends- Regional |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | DuPont de Nemours, Inc., American Elements Corporation, Merck KGaA, NovoPolymers NV, Hangzhou First Applied Material Co., Ltd., Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Photovoltaic Materials Market Analysis
8.1 Key Industry Highlights
8.2 Global Photovoltaic Materials Historical Market (2018-2022)
8.3 Global Photovoltaic Materials Market Forecast (2023-2028)
8.4 Global Photovoltaic Materials Market by Material
8.4.1 Polycrystalline Silicon
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Monocrystalline Silicon
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Cadmium Telluride
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Copper Indium Gallium Selenide (CIGS)
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2022)
8.4.4.3 Forecast Trend (2023-2028)
8.4.5 Others
8.5 Global Photovoltaic Materials Market by Product
8.5.1 Front Sheet
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Encapsulant
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Back Sheet
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Others
8.6 Global Photovoltaic Materials Market by Application
8.6.1 Utility
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Residential
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Non-Residential
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.7 Global Photovoltaic Materials Market by Region
8.7.1 Market Share
8.7.1.1 North America
8.7.1.2 Europe
8.7.1.3 Asia Pacific
8.7.1.4 Latin America
8.7.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Trade Data Analysis (854140)
12.1 Major Exporting Countries
12.1.1 By Value
12.1.2 By Volume
12.2 Major Importing Countries
12.2.1 By Value
12.2.2 By Volume
13 Price Analysis
13.1 North America Historical Price Trends (2018-2022) and Forecast (2023-2028)
13.2 Europe Historical Price Trends (2018-2022) and Forecast (2023-2028)
13.3 Asia Pacific Historical Price Trends (2018-2022) and Forecast (2023-2028)
13.4 Latin America Historical Price Trends (2018-2022) and Forecast (2023-2028)
13.5 Middle East and Africa Historical Price Trends (2018-2022) and Forecast (2023-2028)
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 DuPont de Nemours, Inc.
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 American Elements Corporation
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Merck KGaA
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 NovoPolymers NV
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Hangzhou First Applied Material Co., Ltd.
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Others
15 Industry Events and Developments
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
List of Key Figures and Tables
1. Global Photovoltaic Materials Market: Key Industry Highlights, 2018 and 2028
2. Global Photovoltaic Materials Historical Market: Breakup by Material (USD Billion), 2018-2022
3. Global Photovoltaic Materials Market Forecast: Breakup by Material (USD Billion), 2023-2028
4. Global Photovoltaic Materials Historical Market: Breakup by Product (USD Billion), 2018-2022
5. Global Photovoltaic Materials Market Forecast: Breakup by Product (USD Billion), 2023-2028
6. Global Photovoltaic Materials Historical Market: Breakup by Application (USD Billion), 2018-2022
7. Global Photovoltaic Materials Market Forecast: Breakup by Application (USD Billion), 2023-2028
8. Global Photovoltaic Materials Historical Market: Breakup by Region (USD Billion), 2018-2022
9. Global Photovoltaic Materials Market Forecast: Breakup by Region (USD Billion), 2023-2028
10. North America Photovoltaic Materials Historical Market: Breakup by Country (USD Billion), 2018-2022
11. North America Photovoltaic Materials Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Europe Photovoltaic Materials Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Europe Photovoltaic Materials Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Asia Pacific Photovoltaic Materials Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Asia Pacific Photovoltaic Materials Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Latin America Photovoltaic Materials Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Latin America Photovoltaic Materials Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Middle East and Africa Photovoltaic Materials Historical Market: Breakup by Country (USD Billion), 2018-2022
19. Middle East and Africa Photovoltaic Materials Market Forecast: Breakup by Country (USD Billion), 2023-2028
20. Major Importing Countries by Volume (2020)
21. Major Exporting Countries by Volume (2020)
22. Major Importing Countries by Value (2020)
23. Major Exporting Countries by Value (2020)
24. North America Historical Price Trends and Forecast 2018-2028
25. Europe Historical Price Trends and Forecast 2018-2028
26. Asia Pacific Historical Price Trends and Forecast 2018-2028
27. Latin America Historical Price Trends and Forecast 2018-2028
28. Middle East and Africa Historical Price Trends and Forecast 2018-2028
29. Global Photovoltaic Materials Market Structure
Key Questions Answered in the Report
In 2020, the global photovoltaic materials market attained a value of nearly USD 21.42 billion.
The market is projected to grow at a CAGR of 14.04% between 2023 and 2028.
The major drivers of the industry such as the increased disposable income, improved living standards, rising demand for PV cells in the residential applications, developing public infrastructure such as the development of smart and green cities and decreasing price of photovoltaic cells are expected to aid the market growth.
The key market trends guiding the growth of the industry include the increased investments in sustainable energy generation and growing investments in the research and development of prototypes of advanced PV cells.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The significant segments based on material include polycrystalline silicone, monocrystalline silicon, cadmium telluride, and copper indium gallium selenide (CIGS), among others.
The significant products include front sheet, encapsulant, and back sheet, among others.
The major application segments include utility, residential and non-residential.
The major players in the industry are DuPont de Nemours, Inc., American Elements Corporation, Merck KGaA, NovoPolymers NV, and Hangzhou First Applied Material Co., Ltd., among others.
Analyst Review
The global photovoltaic materials market attained a value of USD 21.42 billion in 2020, driven by the escalating eco-consciousness among the consumers. Aided by rising investments in the development of sustainable energy generation and developing public infrastructure such as the development of smart and green cities, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 14.04%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By material, the market can be distributed into polycrystalline silicone, monocrystalline silicon, cadmium telluride, and copper indium gallium selenide (CIGS), among others. On the basis of product, the industry can be segmented into sheet, encapsulant, and back sheet, among others. The market can be categorised, based on application, into utility, residential and non-residential. The major regional markets for photovoltaic materials are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include DuPont de Nemours, Inc., American Elements Corporation, Merck KGaA, NovoPolymers NV, and Hangzhou First Applied Material Co., Ltd., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
Purchase Options
Call us on
Purchase Full Report
Mini Report
$1699
-
Selected Sections, One User
-
Printing Not Allowed
-
Email Delivery in PDF
-
Free Limited CustomisationPost Sales Analyst Support50% Discount on Next UpdateSingle User License
$2799-
All Sections, One User
-
One Print Allowed
-
Email Delivery in PDF
-
Free Limited CustomisationPost Sales Analyst Support50% Discount on Next Update
Five User License
$3999-
All Sections, Five Users
-
Five Prints Allowed
-
Email Delivery in PDF
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Corporate License
$4999-
All Sections, Unlimited Users
-
Unlimited Prints Allowed
-
Email Delivery in PDF + Excel
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Contact AnalystAny Question? Speak With An Analyst
Request SampleView A Sample
Request CustomisationDid You Miss Anything, Ask Now
Why Expert Market Research?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.
Similar Reports
NEWSLETTER