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Global Solar Energy Adhesive Market Research Report 2024(Status and Outlook)

The "Global Solar Energy Adhesive Market" size was valued at US$ 678.4 million in 2024 and is projected to reach US$ 1.23 billion by 2030, at a CAGR of 10.4% during the forecast period 2024-2030.

The "United States Solar Energy Adhesive Market" size was valued at US$ 198.4 million in 2024 and is projected to reach US$ 345.6 million by 2030, at a CAGR of 9.7% during the forecast period 2024-2030.

Solar energy adhesive refers to a specialized adhesive used in the assembly and installation of solar panels and photovoltaic (PV) systems. These adhesives are designed to bond different components of solar panels, such as solar cells, glass, back sheets, and frames, without compromising the performance and durability of the panel. Solar energy adhesives must be highly durable, weather-resistant, and capable of withstanding environmental factors like UV radiation, temperature fluctuations, and moisture. They help ensure that solar panels remain securely intact while providing long-term efficiency and reliability in harnessing solar energy. These adhesives can also be used in the encapsulation of solar cells, protecting the sensitive electronic components.

The global Solar Energy Adhesive market is growing rapidly, driven by solar energy adoption and renewable infrastructure development. In 2023, total consumption reached 85,000 metric tons, with PV module assembly accounting for 70% of demand. The silicone-based segment is the fastest-growing at 11.5% annually. The market saw a 30% increase in demand for fast-curing adhesives in 2023, reflecting manufacturing efficiency needs. EVA-based adhesives dominate with a 55% market share, while silicone adhesives are growing at 12% annually. Asia Pacific leads with a 50% market share and is also the fastest-growing region at 11.2% CAGR. The industry is focusing on developing high-durability formulations, with a 35% growth in R&D investments for extended service life.

Report Overview
In the manufacture of solar cells, adhesives are one of the essential raw materials.These adhesive products have applications in energy storage and batteries, wind power and solar applications. These products include polyolefins, EVAs, polyurethanes and polyamides.

Solar Energy Adhesive Market provides a deep insight into the global Solar Energy Adhesive market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.

The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Solar Energy Adhesive Market, Solar Energy Adhesive Market introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.

In a word, Solar Energy Adhesive Market is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Solar Energy Adhesive market in any manner.

Global Solar Energy Adhesive Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key Company

H.B. Fuller
3M Company
Henkel
Evonik Industries
Epic Resins
Dow
Sika
Wacker Chemie AG
LORD Corp
Shanghai Huitian New Material

By Type

Epoxy-based Adhesive
Polyurethane-based Adhesive
Silicon--based Adhesive
Others

By Application

Crystalline Silicon Solar Cell
Thin Film Solar Cell
Other

Geographic Segmentation

North America (USA, Canada, Mexico)
Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
South America (Brazil, Argentina, Columbia, Rest of South America)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Key Benefits of This Market Research:

Industry drivers, restraints, and opportunities covered in the study
Neutral perspective on the market performance
Recent industry trends and developments
Competitive landscape & strategies of key players
Potential & niche segments and regions exhibiting promising growth covered
Historical, current, and projected market size, in terms of value
In-depth analysis of the Solar Energy Adhesive Market
Overview of the regional outlook of the Solar Energy Adhesive Market:

Key Reasons to Buy this Report:

Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
This enables you to anticipate market changes to remain ahead of your competitors
You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents
The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly
Provision of market value (USD Billion) data for each segment and sub-segment
Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
Includes in-depth analysis of the market from various perspectives through Porter