02-Mar-2020 | Facts and Factors
Findings from Facts and Factors report “Solar Cell Metal Paste Market By Type (Front Side Ag Paste, Rear Side Ag Paste, Rear Side Al Paste, and Others) and By Application (Multicrystalline Silicon Solar Cell, Monocrystalline Silicon Solar Cell, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global solar cell metal paste market in 2019 was approximately USD 6.75 Billion. The market is expected to grow at a CAGR of 6% and is anticipated to reach around USD 8.50 Billion by 2026.
Solar cell metal paste is advanced solar cell materials that are printed on the surface of the solar cells. This paste is used to form a pattern of grid lines on the solar cells and transport electricity produced by solar cells. Solar cell metal paste or photovoltaic (PV) metallization pastes significantly increases the efficiency of the and power output of the solar cells. The material used for making the metal paste is usually silver or aluminum. The metal paste is printed on the solar cell in a single print or double print format. Double print technology delivers more efficiency of a solar cell as compared to single print technology.
Browse the full “Solar Cell Metal Paste Market By Type (Front Side Ag Paste, Rear Side Ag Paste, Rear Side Al Paste, and Others) and By Application (Multicrystalline Silicon Solar Cell, Monocrystalline Silicon Solar Cell, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" report at https://www.fnfresearch.com/solar-cell-metal-paste-market-by-type-front-563
Rising solar cell production is anticipated to drive the market. The global photovoltaic cell market is expected to reach a valuation of 4.7 Billion USD in 2025 from 1.9 Billion USD in 2015. Annual market growth of 10% is expected in the global photovoltaic cell market. Solar cell metal paste delivers noteworthy performance to cost ratio and currently, there are no substitutes in the market. Hence the market is expected to grow along with the global photovoltaic cell market. However, the metal paste made is usually made from silver and due to the high price of silver the production cost of solar cell metal paste increases. Nonetheless, manufacturers are investing significantly in the R&D of solar cell metal paste to reduce the amount of silver used by developing technology to produce fine prints of metal paste on the solar cell.
The global solar cell metal paste market is divided into segments based on type and application. The solar cell metal paste can be used on the front or rear side of the solar cell. Silver paste is used usually on the front side of the solar cell to form a grid network. The rear side is of the solar cell is printed with silver or aluminum paste. Silver has good electrical conductivity and hence is used majorly for the solar cell metal paste. The solar metal paste is mainly applied to monocrystalline and multi-crystalline solar cells. The monocrystalline solar cell is the oldest and most developed among all types of solar cells. The multi-crystalline solar cell is a comparatively new technology and was previously thought to be inferior to technology. However, due to its low cost of production along with slightly low efficiency than the monocrystalline solar cell, it is dominant technology amongst residential use.
North America and Europe have the highest concentration of the world’s large enterprises. However, companies from China are also penetrating the market. China has its presence in the supply chain of not only tier 2 and tier 3 companies, but also in tier 1 companies. Companies from the regions apart from North America and Europe are also investing heavily in R&D of solar cell metal paste.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 6.75 Billion |
Projected Market Size in 2026 |
USD 8.50 Billion |
CAGR Growth Rate |
6% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
DuPont, Samsung SDI, Toyo Aluminium K.K., Noritake, DongjinSemichem, AG PRO, Daejoo Electronic Materials, Hoyi Technology, LEED Electronic Ink, Heraeus, Giga Solar, Monocrystal, Namics, EXOJET Technology Corporation, TTMC, Rutech, Tehsun, Xi'an Hongxing Electronic Paste, and Others |
Key Segment |
By Type, Application, Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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Some of the leading players in the global market include
DuPont, Samsung SDI, Toyo Aluminium K.K., Noritake, DongjinSemichem, AG PRO, Daejoo Electronic Materials, Hoyi Technology, LEED Electronic Ink, Heraeus, Giga Solar, Monocrystal, Namics, EXOJET Technology Corporation, TTMC, Rutech, Tehsun, Xi'an Hongxing Electronic Paste, and Others.
This report segments the solar cell metal paste market as follows:
By Type Segmentation Analysis
- Front Side Ag Paste
- Rear Side Ag Paste
- Rear Side Al Paste
- Others
By Application Segmentation Analysis
- Multicrystalline Silicon Solar Cell
- Monocrystalline Silicon Solar Cell
- Others
By Regional Segmentation Analysis
- North America
- Europe
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
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