Solar Panel Coatings Market Major Key Players Are Arkema, Fenzi SpA, NanoTech Products, Koninklijke DSM, PPG Industries

Global Solar Panel Coatings Industry

New Study On “Global Solar Panel Coatings Market 2019 Trends, Research, Analysis & Review Forecast 2025” Added to Wise Guy Reports Database

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Solar panels are used for the absorption of solar energy and turning them into electricity through photovoltaic cells. Continuous exposure to harsh environmental conditions such as moisture, dust, heat, and ultraviolet radiation is bound to decrease the efficiency of solar panels over time. To prevent the solar panels from deterioration and to maintain the elevated performance of solar panels, a coating is applied over the surface. For instance, a single thin film of silicon dioxide and titanium dioxide as a solar panel anti-reflective coating is known to enhance the efficiency of the solar panels.

The global solar panels market is expected to garner humongous growth over the forecast period, as per the latest analysis by QYResearch Group. Such ascension of the market can be accredited to the growing preference for solar energy as an alternative to conventional energy sources for the generation of electricity. Further, growing preference towards renewable energy sources due to rising awareness towards environmental hazards of using non-renewable sources of energy is noted. This, in turn, has led the governments to instigate several stringent regulations curbing the levels of carbon emissions, along with favorable policies supporting the adoption of solar energy. All these factors are expected to supplement the market growth for solar panel coatings.

Key Players

Some well-known participants in the market include Arkema, Fenzi SpA, NanoTech Products, Koninklijke DSM, PPG Industries, and Unelko Corporation.

Market Segmentation

The global solar panel coatings market is studied for several segments that are based on type, application, and region. On the basis of type, the solar panel coatings market for solar panel coatings is segmented into anti-reflective, self-cleaning, hydrophobic, anti-soiling, and anti-abrasion. On the basis of application, the solar panel coatings market is segmented into commercial, residential, agriculture, energy, and automotive.

Detailed Regional Analysis

The global solar panel coatings market is analyzed, on the basis of geography, for the segments of North America, Asia Pacific, South America, Europe, and the Middle East & Africa. Asia Pacific held the foremost share in the global solar panel coatings market at the beginning of the forecast period. The region is also anticipated to record the highest ascension over the assessment period. Such market domination can be accredited to the snowballing industrialization in the region. Within the APAC, China is expected to lead the country-specific market for solar panel coatings market. This can be owed to the surging demand for solar panels in the region. Other regions witnessing significant growth in the APAC region during the forecast period include India, Malaysia, and South Korea.

North America also held a substantial share of the solar panel coatings market at the beginning of the forecast period. The region is estimated to exhibit a sizeable surge in demand over the assessment period. Rising construction activities to elevate the infrastructure, coupled with an upscaling demand for clean and cheaper energy sources are projected to foster regional market growth. Europe is expected to witness considerable growth owing to increasing environmental concerns, along with a radical shift towards sustainable sources of energy.

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