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Global Solar Panels Coatings Market Size, Share, Forecast: By Type: Anti-Reflective, Hydrophobic, Self-Cleaning, Anti-Soiling, Anti-Abrasion, Others; By Application: Residential, Commercial, Energy, Automobiles, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2023-2028
Global Solar Panels Coatings Market Outlook
The global solar panels coatings market size reached approximately USD 2.70 billion in 2022. The market is assessed to grow at a CAGR of 22.6% between 2023 and 2028 to attain a value of around USD 9.17 billion by 2028.
Key Trends in the Market
Solar panels coatings refer to coatings that are used to enhance the efficiency of solar panels and prevent the accumulation of various contaminants and dust on solar panels. They typically offer chemical and UV-resistant properties, protect solar panels from surface degradation, and reduce their cleaning time and costs.
- One of the prominent solar panels coatings market trends include the increasing demand for renewable energy sources and the rising usage of solar energy for electricity production. Solar panel coatings play an essential role in surging the efficiency of solar panels, protecting panels from dust and extreme environmental conditions, and reducing their overall maintenance and operations costs.
- As per the solar panels coatings market analysis, there are surging attempts to enhance the energy efficiency of solar panels. This is boosting the preference for coatings that can decrease cooling costs, reduce greenhouse gas emissions, and improve energy efficiency.
- Advancements in coating technologies to develop innovative solar panel coatings that can be efficiently and easily applied while lowering the requirement for water in cleaning are likely to aid the market growth in the coming years. Moreover, the development of low-cost and high-performance coating that can fully reflect a narrow wavelength, enhance the durability of PV cells, and prevent PV cells from overheating is anticipated to drive the solar panels coatings market growth in the forecast period.
Market Analysis
Based on type, the market is segmented into anti-reflective, hydrophobic, self-cleaning, anti-soiling, and anti-abrasion, among others. On the basis of application, the solar panels coatings market segmentation includes residential, commercial, energy, and automobiles, among others. The major regional markets for solar panels coatings include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global solar panels coatings market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- 3M Company
- Koninklijke DSM N.V.
- Arkema Group
- Advanced NanoTech Lab
- Diamon-Fusion International (DFI)
- Nilima Nanotechnologies
- UnelKo Corporation
- Nanopool GmbH
- FENZI S.p.A
- PPG Industries, Inc
- Others
Market Share by Type
Anti-reflective coatings account for a significant solar panels coatings market share as they improve the light transmittance and overall energy efficiency of PV modules. Such coatings can be applied on both superstate or glass surfaces to reduce their reflection. Moreover, anti-reflective coatings are ideal for use in panels set up near airports as they can eliminate the risk of veiling and flash blindness among pilots and tower personnel.
Meanwhile, self-cleaning coatings are witnessing a healthy demand due to the growing focus on reducing the maintenance and operation costs of solar panels. These coatings can also support solar panels in maintaining their efficiency for a longer period of time. Furthermore, the development of self-cleaning coatings that do not require a high amount of water for cleaning is anticipated to propel the solar panels coatings market demand in the forecast period.
Market Share by Region
The Asia Pacific accounts for a substantial share of the market due to the growing adoption of renewable energy in the region. Countries like Vietnam, India, the Philippines, and China, are actively deploying solar cells to meet the growing energy demand. Moreover, increasing research activities aimed at developing eco-friendly and innovative coatings that offer enhanced durability and lower costs associated with panel cleaning and maintenance in countries like India are expected to propel the overall solar panels coatings market expansion in the coming years.
Competitive Landscape
Advanced NanoTech Lab is a speciality chemical company that is engaged in the research, manufacturing, and development of hydrophobic nano-coating. Its products are known for their exceptional properties such as chemical and UV resistance, scratch resistance, self-cleaning benefits, and durability. With its headquarters in Maharashtra, India, the company aims to drive nano product innovations at affordable prices.
Arkema Group, established in 2004, is a prominent speciality chemical manufacturer that serves customers in sectors like mining, oil and gas, petrochemicals, construction, and paints and coatings, among others. It aims to offer sustainable solutions that can drive innovation and combat challenges associated with urbanisation, mobility, and depleting resources. With a presence in 55 countries, the company is headquartered in Colombes, France.
Diamon-Fusion International (DFI), founded in 1997, is a leading manufacturer and supplier of glass coating and glass cleaning products. Diamon-Fusion®, its flagship product, is recognised for its ease of cleaning and is widely deployed in protecting windows, glass railings, and shower glass, among others. Headquartered in California, the United States, the company serves sectors such as automotive and shower doors.
Other solar panels coatings market players include 3M Company, Koninklijke DSM N.V., Nilima Nanotechnologies, UnelKo Corporation, Nanopool GmbH, FENZI S.p.A, and PPG Industries, Inc, among others.
Key Highlights of the Report
| 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:
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| Breakup by Type |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*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 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Solar Panel Coatings Market Analysis
8.1 Key Industry Highlights
8.2 Global Solar Panels Coatings Market (2018-2022)
8.3 Global Solar Panels Coatings Market Forecast (2023-2028)
8.4 Global Solar Panels Coatings Market by Type
8.4.1 Anti-Reflective
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Hydrophobic
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.3 Self-Cleaning
8.4.3.1 Historical Trend (2018-2022)
8.4.3.2 Forecast Trend (2023-2028)
8.4.4 Anti-Soiling
8.4.4.1 Historical Trend (2018-2022)
8.4.4.2 Forecast Trend (2023-2028)
8.4.5 Anti-Abrasion
8.4.5.1 Historical Trend (2018-2022)
8.4.5.2 Forecast Trend (2023-2028)
8.4.6 Others
8.5 Global Solar Panels Coatings Market by Application
8.5.1 Residential
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Commercial
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Energy
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.5.4 Automobiles
8.5.4.1 Historical Trend (2018-2022)
8.5.4.2 Forecast Trend (2023-2028)
8.5.5 Others
8.6 Global Solar Panels Coatings Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2022)
8.6.3.2 Forecast Trend (2023-2028)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2022)
8.6.4.2 Forecast Trend (2023-2028)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2022)
8.6.5.2 Forecast Trend (2023-2028)
9 North America Solar Panels Coatings Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Solar Panels Coatings Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Solar Panels Coatings Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Solar Panels Coatings Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Solar Panels Coatings Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 3M Company
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Koninklijke DSM N.V.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Arkema Group
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Advanced NanoTech Lab
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Diamon-Fusion International (DFI)
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Nilima Nanotechnologies
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 UnelKo Corporation
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Nanopool GmbH
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 FENZI S.p.A
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 PPG Industries, Inc
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Solar Panels Coatings Market: Key Industry Highlights, 2018 and 2028
2. Global Solar Panels Coatings Historical Market: Breakup by Type (USD Billion), 2018-2022
3. Global Solar Panels Coatings Market Forecast: Breakup by Type (USD Billion), 2023-2028
4. Global Solar Panels Coatings Historical Market: Breakup by Application (USD Billion), 2018-2022
5. Global Solar Panels Coatings Market Forecast: Breakup by Application (USD Billion), 2023-2028
6. Global Solar Panels Coatings Historical Market: Breakup by Region (USD Billion), 2018-2022
7. Global Solar Panels Coatings Market Forecast: Breakup by Region (USD Billion), 2023-2028
8. North America Solar Panels Coatings Historical Market: Breakup by Country (USD Billion), 2018-2022
9. North America Solar Panels Coatings Market Forecast: Breakup by Country (USD Billion), 2023-2028
10. Europe Solar Panels Coatings Historical Market: Breakup by Country (USD Billion), 2018-2022
11. Europe Solar Panels Coatings Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Asia Pacific Solar Panels Coatings Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Asia Pacific Solar Panels Coatings Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Latin America Solar Panels Coatings Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Latin America Solar Panels Coatings Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Middle East and Africa Solar Panels Coatings Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Middle East and Africa Solar Panels Coatings Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Global Solar Panels Coatings Market Structure
Key Questions Answered in the Report
In 2022, the market attained a value of nearly USD 2.70 billion.
The market is assessed to grow at a CAGR of 22.6% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach about USD 9.17 billion by 2028.
The major market drivers are the rising demand for renewable energy, the introduction of government initiatives aimed at boosting solar energy generation, and the rising focus to surge the efficiency of solar panels.
The key trends augmenting the market growth are advancements in coating technologies and the development of low-cost and high-performance coatings by leading companies.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The significant applications of solar panels coatings are residential, commercial, energy, and automobiles, among others.
The major players in the market are 3M Company, Koninklijke DSM N.V., Arkema Group, Advanced NanoTech Lab, Diamon-Fusion International (DFI), Nilima Nanotechnologies, UnelKo Corporation, Nanopool GmbH, FENZI S.p.A, and PPG Industries, Inc, among others.
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