Solar Panel Coatings Market Analysis
Solar Panel Coatings Market Analysis
Solar panel coatings market size is expected to reach $15.7 billion by 2030, expected at a CAGR of 22.4% from 2021 to 2030
WILMINGTON, DELAWARE , UNITED STATES, January 24, 2024 /EINPresswire.com/ -- The global solar panel coatings industry generated $2.1 billion in 2020, and is anticipated to generate $15.7 billion by 2030, witnessing a CAGR of 22.4% from 2021 to 2030.
Allied Market Research published a report, titled, "Solar Panel Coatings Market by Type (Anti-reflective, Hydrophobic, Self-cleaning, Anti-soiling, Anti-abrasion, and others) and Application (Residential, Commercial, Energy, Agriculture, Automobiles, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030".
Prime determinants of growth
Surge in applications & widespread usage of solar energy and government support policies to promote solar energy drive the growth of the global solar panel coatings market. However, high cost of solar panel coatings hinders the market growth. On the other hand, increase in investment towards solar energy research and development presents new opportunities in the coming years.
Download for sample: https://www.alliedmarketresearch.com/request-sample/12261
Leading Market Players:-
Arkema Group
Advanced Nanotech Lab
Diamon-Fusion International Inc.
Fenzi SpA
Koninklijke DSM N.V
Nanoman, Nanopool GmbH
PPG Industries Inc.
Unelko Corporation
Covid-19 Scenario
The outbreak of the Covid-19 pandemic has had a negative impact on the global solar panel coatings market.
The lockdown implementation led to disruptions in the supply chain, due to which manufacturers faced improper transportation of raw materials.
All the offices, hotels, etc. were temporarily closed, which in turn, led to a decline in the usage of power. This caused a decline the demand for the solar panel market.
The hydrophobic segment to maintain its leadership status throughout the forecast period
Based on type, the hydrophobic segment held the highest market share in 2020, accounting for one-third of the global solar panel coatings market, and is estimated to maintain its leadership status throughout the forecast period. However, anti-soiling segment is projected to manifest the highest CAGR of 22.4% from 2021 to 2030.
Have Any Query? Ask Our Expert : https://www.alliedmarketresearch.com/purchase-enquiry/12261
The energy segment to maintain its lead position during the forecast period
Based on end use, the energy segment accounted for the largest share in 2020, contributing to more than one-third of the global solar panel coatings market, and is projected to maintain its lead position during the forecast period. The ever-growing investment of the government towards solar power plants to curb the demand for power has increased the demand for the solar panel coatings market. Moreover, the commercial segment is expected to portray the largest CAGR of 23.2% from 2021 to 2030.
Asia-Pacific, followed by North America to maintain its dominance by 2030
Based on region, Asia-Pacific, followed by North America held the highest market share in terms of revenue 2020, accounting for nearly two-fifths of the global solar panel coatings market. This is because this region is home to a significant number of megacities and with an ever-increasing population. However, the same region is expected to witness the fastest CAGR of 23.3% from 2021 to 2030.
Buy Latest Version of Report: https://www.alliedmarketresearch.com/solar-panel-coating-market/purchase-options
Related Reports:
Coatings for Commercial and Residential Roofing Market : https://www.alliedmarketresearch.com/coatings-for-commercial-and-residential-roofing-market-A13779
Plastic Coatings Market : https://www.alliedmarketresearch.com/plastic-coatings-market-A07586
Industrial Coatings Market : https://www.alliedmarketresearch.com/industrial-coatings-market-A09666
High Performance Ceramic Coatings Market : https://www.alliedmarketresearch.com/high-performance-ceramic-coatings-market
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
David Correa
Allied Market Research
+ +1 800-792-5285
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn
