ID: MRFR/CnM/0985-HCR | 120 Pages | Author: Chitranshi Jaiswal | May 2023
Photovoltaic Coating Market is projected to be worth USD 166.40 Billion by 2030, registering a CAGR of 13.75% during the forecast period (2021 - 2030), The market was valued at USD 85 billion in 2021.Increasing demand for electricity globally and technological advancement are primary driving factors in the growth of the Photovoltaic coating market. Photovoltaic cells being cost effective and a significantly renewable source of energy have gained much popularity in recent times with many new market players entering the market. Increase in demand for clean energy is directly translating into increasing demand in the Photovoltaic Coating Market.
Some Photovoltaic Coating market has been segmented on the basis of application as Automotive, Construction and textile industry. On the basis of coating type the market has been segmented as Water Borne, Power and solvent borne.
Asia-Pacific is the leading region for photovoltaic coatings market mainly due to several photovoltaic cells projects expected to go underway in this region. Increasing demand for power and awareness regarding renewable energy sources is also expected to drive the market in this region. Europe and North America are other dominant regions due to technological advancements and already exiting major market players in this region.
|Market Size||2030:USD 166.40 Billion|
|Forecast Period||2022 to 2030|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||by Application, and by Coating Type|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Suntech Power Holdings Co. Ltd (China), PPG Industries (U.S), Sherwin Williams (U.S), AkzoNobel N.V. (The Netherlands), Axalta Coating Systems (U.S.), and BASF SE (Germany)|
|Key Market Opportunities||Factors such as increasing demand for power, which is fuelled by the growing population, industrialization, urbanization & improving economic conditions along with the awareness towards the renewable energy sources|
|Key Market Drivers||· Increasing demand for electricity globally and technological advancement. · Technological advancements expected to be transpired in the recent future will certainly provide cost effective solutions which will drive the market growth continually|
Photovoltaic coating market will be driven by rising demand for electricity and technological advancement.
The applications of the photovoltaic coating market are automotive, construction, and textile.
The Asia Pacific region will take charge of the photovoltaic coating market.
Photovoltaic coating market report includes players like PPG Industries (U.S), Suntech Power Holdings Co. Ltd (China), AkzoNobel N.V. (The Netherlands), Axalta Coating Systems (U.S.), Sherwin Williams (U.S), and BASF SE (Germany)
Photovoltaic coating market has types like water-borne, solvent-borne, and power.
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