The global solar energy adhesives market is anticipated to grow at a significant CAGR during the forecast period. In the coming years, higher solar energy production volumes and automated adhesive assembly are estimated to lower costs. As a result, adhesives play a critical part in the solar industry’s manufacturing and installation processes. Adhesives help to remove the requirement for mechanical fasteners like screws and U-bolts, as well as the stress points that these fasteners produce. They also give the solar panel endurance, long-term protection, and structural strength thanks to qualities like superior thermal and electrical management, as well as UV ray resistance.
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The global market for solar energy adhesives is being propelled by improved performance attributes and lower assembly costs. Other drivers driving market expansion include strong GDP growth, rapid industrialization, and a rise in manufacturing output, particularly in developing nations. Concerns about the environment and laws on hazardous chemicals continue to obstruct business expansion. Manufacturers, on the other hand, continue to benefit from the development and formulation of ecologically friendly products, such as water-based solar energy adhesives rather than solvent-based adhesives. Furthermore, throughout the anticipated period, a rise in electricity rates along with the availability of cheaper solar panels in Japan, South Korea, and Australia is expected to drive the global solar energy adhesives market.
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Market Coverage:
- The market number available for – 2020-2027
- The base year – 2020
- The forecast period is from 2021 to 2027
- Segment Covered-
o By Product Type
o By Application
- Regions Covered
o North America
o Europe
o Asia-Pacific
o Rest of the Word
- Competitive Landscape: H.B. Fuller, 3M Company, Henkel, Evonik Industries, Epic Resins, Dow, Sika, Wacker Chemie AG, LORD Corp.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Solar Energy Adhesives Market by Segments
By Product Type
- Epoxy-based Adhesive
- Polyurethane-based Adhesive
- Silicon-based Adhesive
- Others
By Application
- Crystalline Silicon Solar Cell
- Thin Film Solar Cell
- Other
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