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Solar Cell Metal Paste Market Size, Share Global Analysis Report, 2020–2026
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 Forecast 2020–2026
Industry Insights
[180+ Pages Report] According to the report published by Facts Factors, the global solar cell metal paste market size was worth around USD 6.75 billion in 2019 and is predicted to grow to around USD 8.50 billion by 2026 with a compound annual growth rate (CAGR) of roughly 6% between 2020 and 2026. The report analyzes the global solar cell metal paste market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the solar cell metal paste market.
This specialized and expertise oriented industry research report scrutinizes the technical and commercial business outlook of the solar cell metal paste industry. The report analyzes and declares the historical and current trends analysis of the solar cell metal paste industry and subsequently recommends the projected trends anticipated to be observed in the solar cell metal paste market during the upcoming years.
The solar cell metal paste market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire solar cell metal paste market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of both volume (Tons) and value (USD Million) from FY 2016 – 2026.
Key Insights from Primary Research
- The solar cell metal paste market is set to grow annually at a rate of around 6% as per our primary research
- It was established through primary research that the solar cell metal paste market was valued at around USD 6.75 billion in 2019
- North America held the largest market share of the solar cell metal paste market in 2018
- The “Front Side Ag Paste” category, on the basis of type segmentation, was the leading revenue-generating category in 2018
- The “Multicrystalline Silicon Solar Cell” category, on the basis of application segmentation, was the leading revenue-generating category in 2018
Key Recommendations from Analysts
- As per our analysts, rising solar cell production is anticipated to drive the solar cell metal paste market
- Solar cell metal paste delivers noteworthy performance to cost ratio with currently no strong substitutes to it
- The growing industrialization in countries like India and China has given the textile chemical industry a huge impetus.
- Silver has good electrical conductivity and hence is used majorly for the solar cell metal paste
- 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 quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the solar cell metal paste industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.
Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the solar cell metal paste industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the solar cell metal paste market.
The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the solar cell metal paste industry. The solar cell metal paste market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.
The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the solar cell metal paste sector. Key strategic developments in the solar cell metal paste market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the solar cell metal paste market are appropriately highlighted in the report.
Solar cell metal paste is very efficient in improving the efficiency and power output of the solar cell. The growing demand for green energy drives the solar cell market. An increase in the demand for solar cells is anticipated in the upcoming years. Solar cell metal paste has direct application on the solar cells and hence the growing market of solar cells is expected to boost the solar cell metal paste market as well. Various manufacturers of the solar cell metal paste are striving to increase the efficiency and power output of the solar cell by developing the metal paste. The metal paste grid on the solar cells transports the electricity generated by the solar cell. Manufacturers are investing heavily in R&D to minimize the amount of metal paste needed to form grids on the solar cell and increase the power output generated by the solar cell.
The solar cell metal paste market research report delivers an acute valuation and taxonomy of the solar cell metal paste industry by practically splitting the market on the basis of different types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026.
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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The regional segmentation of the solar cell metal paste industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Further, country-wise data for the solar cell metal paste industry is provided for the leading economies of the world.
The solar cell metal paste market is segmented based on Type and Application. On the basis of type segmentation, the market is classified into front side Ag paste, rear side Ag paste, rear side Al paste, and others. In terms of Application segmentation, the market is bifurcated into multicrystalline silicon solar cell, monocrystalline silicon solar cell, and others.
Some of the leading players in the global market include
- DuPont
- Samsung SDI
- Toyo Aluminium K.K.
- Noritake
- Dongjin Semichem
- AG PRO
- Daejoo Electronic Materials
- Hoyi Technology
- LEED Electronic Ink
- Heraeus
- Giga Solar
- Monocrystal
- Namics
- EXOJET Technology Corporation
- TMC
- utech
- ehsun
- Xi'an Hongxing Electronic Paste
- Others.
The taxonomy of the solar cell metal paste market by its scope and segmentation is 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
- The U.S.
- Canada
- 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
Table of Content
Industry Major Market Players
- DuPont
- Samsung SDI
- Toyo Aluminium K.K.
- Noritake
- Dongjin Semichem
- AG PRO
- Daejoo Electronic Materials
- LEED Electronic Ink
- Heraeus
- Giga Solar
- Monocrystal
- Namics
- EXOJET Technology Corporation
- TMC
- utech
- ehsun
- Xi'an Hongxing Electronic Paste
- Hoyi Technology
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