The global solar cell paste market is expected to grow from USD 320 million in 2019 to USD 1900 million by 2027, at a CAGR of 25% during the forecast period 2020-2027.
Solar cell paste is a type of electronic paste used for the production of solar cell. The material used to make this paste contains organic and inorganic elements, which are then mixed together in pre-determined proportion to finally form this paste. Solar cell pastes are of different types including front side solver paste, rear side silver paste, and aluminium paste. The front conductive paste collects the electricity generated by the solar cell and the rear paste transmits the collected energy to the device or to a particular system. The paste is important to maintain a cell's conversion efficiency and thus plays an important role in the solar cell's performance-to-cost ratio. These pastes accounts for 30-40% of the manufacturing cost of a single solar cell, and what’s important to remember that any slight change to the paste will have an effect on the conversion efficiency of the solar cell.
This study delivers a comprehensive analysis of types, applications, and regions. The study includes growth drivers as well as challenges prevalent in the solar cell paste market along with the impact they’ll have on the overall demand during the forecasted period. Additionally, the study also includes various opportunities & threats that are present in the solar cell paste market. Based on type, the market has been segmented into aluminium paste, front side silver paste, and rear side silver paste. The solar cell market is divided into two segments based on application i.e. polycrystalline and monocrystalline solar cell, out of these two, the polycrystalline solar cell has the highest demand. The surprising thing is that polycrystalline solar is less efficient than monocrystalline solar cell but customers prefer it due to its low price. Solar cell paste increases the efficiency of solar cells and thus rise in demand for solar cell paste might lead to rise in demand for polycrystalline solar cell.
The market has been divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. With the rapid development and improving economic conditions, the Asia-Pacific region stands as a promising market for solar cell paste and is expected to grow at the highest CAGR during the forecast period. The APAC region also has the highest market share in solar cell paste market and the reason for that is rising solar power generation by nations, like China and India.
Some of the notable players in the solar cell paste market are Daejoo Electronic Materials, Hunan LEED, Namics, Giga Solar Materials, Dongjin Semichem, Rutech, Samsung SDI, Heraeus, Exojet, ThinTech Materials, AgPRO, DKEM, DuPont, Jiangsu Hoyi,Toyo Aluminium K.K., Wuhan Supernano, Hangzhou Rightsilver, Longsun, Nantong Tehsun, Xi'an Hongxing, and Zhejiang Gonda among others. The key players are now concentrating on implementing strategies such as adopting new technology, product innovations, mergers & acquisitions, joint venture, alliances, and partnerships to improve their market position in the global solar cell paste industry.
This study predicts revenue growth at global, national, and country levels from 2020 to 2027. Fior Markets has segmented the market based on below-mentioned segments:
Global Solar Cell Paste Market Analysis And Forecast, By Types
Global Solar Cell Paste Market Analysis And Forecast, By Applications
Global Solar Cell Paste Market Analysis And Forecast, By Regional Analysis
Report Description:
The market estimates have been evaluated by considering the effect of different political, economic, social, technological and legal factors which are based on our extensive secondary research, primary research, and in-house databases.
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Type
4.3.2. Market Attractiveness Analysis By Applications
4.3.3. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.3. Restrains
5.4. Opportunities
5.5. Challenges
6. Global Solar Cell Paste Market Analysis and Forecast, By Type
6.1. Segment Overview
6.2. Aluminium Paste
6.3. Front Side Silver Paste
6.4. Rear Side Silver Paste
7. Global Solar Cell Paste Market Analysis and Forecast, By Applications
7.1. Segment Overview
7.2. Polycrystalline Solar Cell
7.3. Monocrystalline Solar Cell
8. Global Solar Cell Paste Market Analysis and Forecast, By Regional Analysis
8.1. Segment Overview
8.2. North America
8.2.1. U.S.
8.2.2. Canada
8.2.3. Mexico
8.3. Europe
8.3.1. Germany
8.3.2. France
8.3.3. U.K.
8.3.4. Italy
8.3.5. Spain
8.4. Asia-Pacific
8.4.1. Japan
8.4.2. China
8.4.3. India
8.5. South America
8.5.1. Brazil
8.6. Middle East and Africa
8.6.1. UAE
8.6.2. South Africa
9. Global Solar Cell Paste Market-Competitive Landscape
9.1. Overview
9.2. Market Share of Key Players in Global Solar Cell Paste Market
9.2.1. Global Company Market Share
9.2.2. North America Company Market Share
9.2.3. Europe Company Market Share
9.2.4. APAC Company Market Share
9.3. Competitive Situations and Trends
9.3.1. Product Launches and Developments
9.3.2. Partnerships, Collaborations, and Agreements
9.3.3. Mergers & Acquisitions
9.3.4. Expansions
10. Company Profiles
10.1. Daejoo Electronic Materials
10.1.1. Business Overview
10.1.2. Company Snapshot
10.1.3. Company Market Share Analysis
10.1.4. Company Product Portfolio
10.1.5. Recent Developments
10.1.6. SWOT Analysis
10.2. Hunan LEED
10.2.1. Business Overview
10.2.2. Company Snapshot
10.2.3. Company Market Share Analysis
10.2.4. Company Product Portfolio
10.2.5. Recent Developments
10.2.6. SWOT Analysis
10.3. Namics
10.3.1. Business Overview
10.3.2. Company Snapshot
10.3.3. Company Market Share Analysis
10.3.4. Company Product Portfolio
10.3.5. Recent Developments
10.3.6. SWOT Analysis
10.4. Giga Solar Materials
10.4.1. Business Overview
10.4.2. Company Snapshot
10.4.3. Company Market Share Analysis
10.4.4. Company Product Portfolio
10.4.5. Recent Developments
10.4.6. SWOT Analysis
10.5. Dongjin Semichem
10.5.1. Business Overview
10.5.2. Company Snapshot
10.5.3. Company Market Share Analysis
10.5.4. Company Product Portfolio
10.5.5. Recent Developments
10.5.6. SWOT Analysis
10.6. Rutech
10.6.1. Business Overview
10.6.2. Company Snapshot
10.6.3. Company Market Share Analysis
10.6.4. Company Product Portfolio
10.6.5. Recent Developments
10.6.6. SWOT Analysis
10.7. Samsung SDI
10.7.1. Business Overview
10.7.2. Company Snapshot
10.7.3. Company Market Share Analysis
10.7.4. Company Product Portfolio
10.7.5. Recent Developments
10.7.6. SWOT Analysis
10.8. Heraeus
10.8.1. Business Overview
10.8.2. Company Snapshot
10.8.3. Company Market Share Analysis
10.8.4. Company Product Portfolio
10.8.5. Recent Developments
10.8.6. SWOT Analysis
10.9. Exojet
10.9.1. Business Overview
10.9.2. Company Snapshot
10.9.3. Company Market Share Analysis
10.9.4. Company Product Portfolio
10.9.5. Recent Developments
10.9.6. SWOT Analysis
10.10. ThinTech Materials
10.10.1. Business Overview
10.10.2. Company Snapshot
10.10.3. Company Market Share Analysis
10.10.4. Company Product Portfolio
10.10.5. Recent Developments
10.10.6. SWOT Analysis
10.11. AgPRO
10.11.1. Business Overview
10.11.2. Company Snapshot
10.11.3. Company Market Share Analysis
10.11.4. Company Product Portfolio
10.11.5. Recent Developments
10.11.6. SWOT Analysis
10.12. DKEM
10.12.1. Business Overview
10.12.2. Company Snapshot
10.12.3. Company Market Share Analysis
10.12.4. Company Product Portfolio
10.12.5. Recent Developments
10.12.6. SWOT Analysis
10.13. DuPont
10.13.1. Business Overview
10.13.2. Company Snapshot
10.13.3. Company Market Share Analysis
10.13.4. Company Product Portfolio
10.13.5. Recent Developments
10.13.6. SWOT Analysis
10.14. Jiangsu Hoyi
10.14.1. Business Overview
10.14.2. Company Snapshot
10.14.3. Company Market Share Analysis
10.14.4. Company Product Portfolio
10.14.5. Recent Developments
10.14.6. SWOT Analysis
10.15. Toyo Aluminium K.K.
10.15.1. Business Overview
10.15.2. Company Snapshot
10.15.3. Company Market Share Analysis
10.15.4. Company Product Portfolio
10.15.5. Recent Developments
10.15.6. SWOT Analysis
10.16. Wuhan Supernano
10.16.1. Business Overview
10.16.2. Company Snapshot
10.16.3. Company Market Share Analysis
10.16.4. Company Product Portfolio
10.16.5. Recent Developments
10.16.6. SWOT Analysis
10.17. Hangzhou Rightsilver
10.17.1. Business Overview
10.17.2. Company Snapshot
10.17.3. Company Market Share Analysis
10.17.4. Company Product Portfolio
10.17.5. Recent Developments
10.17.6. SWOT Analysis
10.18. Longsun
10.18.1. Business Overview
10.18.2. Company Snapshot
10.18.3. Company Market Share Analysis
10.18.4. Company Product Portfolio
10.18.5. Recent Developments
10.18.6. SWOT Analysis
10.19. Nantong Tehsun
10.19.1. Business Overview
10.19.2. Company Snapshot
10.19.3. Company Market Share Analysis
10.19.4. Company Product Portfolio
10.19.5. Recent Developments
10.19.6. SWOT Analysis
10.20. Xi'an Hongxing
10.20.1. Business Overview
10.20.2. Company Snapshot
10.20.3. Company Market Share Analysis
10.20.4. Company Product Portfolio
10.20.5. Recent Developments
10.20.6. SWOT Analysis
10.21. Zhejiang Gonda
10.21.1. Business Overview
10.21.2. Company Snapshot
10.21.3. Company Market Share Analysis
10.21.4. Company Product Portfolio
10.21.5. Recent Developments
10.21.6. SWOT Analysis
List of Table
1. Global Solar Cell Paste Market, By Type, 2017–2027(USD Million)(Kilogram)
2. Global Aluminium Paste Solar Cell Paste Market, By Region, 2017–2027(USD Million)(Kilogram)
3. Global Front Side Silver Paste Solar Cell Paste Market, By Region, 2017–2027(USD Million)(Kilogram)
4. Global Rear Side Silver Paste Solar Cell Paste Market, By Region, 2017–2027(USD Million)(Kilogram)
5. Global Solar Cell Paste Market, By Applications, 2017–2027(USD Million)(Kilogram)
6. Global Polycrystalline Solar Cell Solar Cell Paste Market, By Region, 2017–2027(USD Million)(Kilogram)
7. Global Monocrystalline Solar Cell Solar Cell Paste Market, By Region, 2017–2027(USD Million)(Kilogram)
8. Global Solar Cell Paste Market, By Region, 2017–2027(USD Million)(Kilogram)
9. Global Solar Cell Paste Market, By North America, 2017–2027(USD Million)(Kilogram)
10. North America Solar Cell Paste Market, By Type, 2017–2027(USD Million)(Kilogram)
11. North America Solar Cell Paste Market, By Applications, 2017–2027(USD Million)(Kilogram)
12. U.S. Solar Cell Paste Market, By Type, 2017–2027(USD Million)(Kilogram)
13. U.S. Solar Cell Paste Market, By Applications, 2017–2027(USD Million)(Kilogram)
14. Canada Solar Cell Paste Market, By Type, 2017–2027(USD Million)(Kilogram)
15. Canada Solar Cell Paste Market, By Applications, 2017–2027(USD Million)(Kilogram)
16. Mexico Solar Cell Paste Market, By Type, 2017–2027(USD Million)(Kilogram)
17. Mexico Solar Cell Paste Market, By Applications, 2017–2027(USD Million)(Kilogram)
18. Europe Solar Cell Paste Market, By Type, 2017–2027(USD Million)(Kilogram)
19. Europe Solar Cell Paste Market, By Applications, 2017–2027(USD Million)(Kilogram)
20. Germany Solar Cell Paste Market, By Type, 2017–2027(USD Million)(Kilogram)
21. Germany Solar Cell Paste Market, By Applications, 2017–2027(USD Million)(Kilogram)
22. France Solar Cell Paste Market, By Type, 2017–2027(USD Million)(Kilogram)
23. France Solar Cell Paste Market, By Applications, 2017–2027(USD Million)(Kilogram)
24. U.K. Solar Cell Paste Market, By Type, 2017–2027(USD Million)(Kilogram)
25. U.K. Solar Cell Paste Market, By Applications, 2017–2027(USD Million)(Kilogram)
26. Italy Solar Cell Paste Market, By Type, 2017–2027(USD Million)(Kilogram)
27. Italy Solar Cell Paste Market, By Applications, 2017–2027(USD Million)(Kilogram)
28. Spain Solar Cell Paste Market, By Type, 2017–2027(USD Million)(Kilogram)
29. Spain Solar Cell Paste Market, By Applications, 2017–2027(USD Million)(Kilogram)
30. Asia Pacific Solar Cell Paste Market, By Type, 2017–2027(USD Million)(Kilogram)
31. Asia Pacific Solar Cell Paste Market, By Applications, 2017–2027(USD Million)(Kilogram)
32. Japan Solar Cell Paste Market, By Type, 2017–2027(USD Million)(Kilogram)
33. Japan Solar Cell Paste Market, By Applications, 2017–2027(USD Million)(Kilogram)
34. China Solar Cell Paste Market, By Type, 2017–2027(USD Million)(Kilogram)
35. China Solar Cell Paste Market, By Applications, 2017–2027(USD Million)(Kilogram)
36. India Solar Cell Paste Market, By Type, 2017–2027(USD Million)(Kilogram)
37. India Solar Cell Paste Market, By Applications, 2017–2027(USD Million)(Kilogram)
38. South America Solar Cell Paste Market, By Type, 2017–2027(USD Million)(Kilogram)
39. South America Solar Cell Paste Market, By Applications, 2017–2027(USD Million)(Kilogram)
40. Brazil Solar Cell Paste Market, By Type, 2017–2027(USD Million)(Kilogram)
41. Brazil Solar Cell Paste Market, By Applications, 2017–2027(USD Million)(Kilogram)
42. Middle East and Africa Solar Cell Paste Market, By Type, 2017–2027(USD Million)(Kilogram)
43. Middle East and Africa Solar Cell Paste Market, By Applications, 2017–2027(USD Million)(Kilogram)
44. UAE Solar Cell Paste Market, By Type, 2017–2027(USD Million)(Kilogram)
45. UAE Solar Cell Paste Market, By Applications, 2017–2027(USD Million)(Kilogram)
46. South Africa Solar Cell Paste Market, By Type, 2017–2027(USD Million)(Kilogram)
47. South Africa Solar Cell Paste Market, By Applications, 2017–2027(USD Million)(Kilogram)
List of Figures
1. Global Solar Cell Paste Market Segmentation
2. Solar Cell Paste Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Solar Cell Paste Market Attractiveness Analysis By Type
9. Global Solar Cell Paste Market Attractiveness Analysis By Applications
10. Global Solar Cell Paste Market Attractiveness Analysis By Region
11. Global Solar Cell Paste Market: Dynamics
12. Global Solar Cell Paste Market Share By Type (2019 & 2027)
13. Global Solar Cell Paste Market Share By Applications (2019 & 2027)
14. Global Solar Cell Paste Market Share by Regions (2019 & 2027)
15. Global Solar Cell Paste Market Share by Company (2019)
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