Solar Panel Coatings Market Research Report - Forecast till 2027

Solar Panel Coatings Market: Information by Type (Anti-Reflective, Hydrophobic, Self-Cleaning, Anti-Soiling, Anti-Abrasion and others), Application (Residential, Commercial, Energy, Agriculture, Automobiles and others) and Region (North America, Asia-Pacific, Europe, Latin America and Middle East & Africa) - Forecast till 2027

ID: MRFR/CnM/6811-HCR | February 2021 | Region: Global | 140 pages

The Solar Panel Coatings Market is expected to register a healthy CAGR of 24.3% during the forecast period. In terms of value, the market accounted for USD 4.65 billion in 2018.

Segmentation Analysis:


The solar panel coatings market has been segmented based on type, origin, method of extraction, application, and region.


By type, the solar panel coatings market has been classified into anti-reflective, hydrophobic, self-cleaning, anti-soiling, anti-abrasion, and others.


On the basis of application, the global solar panel coatings market has been divided into residential, commercial, energy, agriculture, automobiles, and others.


The solar panel coatings market, by region, has been studied across five major regions, namely Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.


Key Players:


Arkema S.A. (France), FENZI S.p.A. (Italy), Nanotech Products Pty Ltd (Australia), DSM (The Netherlands), 3M (US), PPG Industries Inc (US), Unelko Corporation (US), Optitune Oy (Finland), Diamon-Fusion International, Inc (USA), Element 119 (USA)., Sinovoltaics Group (China), ZSD (Egypt), Solar Sharc (UK), Advanced Nanotech Lab (India).


Market Overview:


Solar panels absorb solar energy and generate electricity by means of photovoltaic cells. The continuous exposure to external harsh environmental conditions such as dust, moisture, heat, and ultraviolet radiation decreases the efficiency of solar panels with time. To prevent the solar panels from environmental deterioration and enhance the performance, solar panel coatings are applied over the surface. For instance, a single thin film of silicon dioxide and titanium dioxide as a solar panel anti-reflective coating increases the efficiency of solar cells by 3–5%.


Various countries such as the US, China, Japan, and Germany are adopting solar energy as an alternative energy source for the generation of power. The escalating demand for solar panels across the world coupled with a radicle shift toward alternative sustainable energy sources from conventional fuels, which cause detrimental effects on the atmosphere, is expected to drive the global market growth during the review period. For instance, according to the Solar Energy Industries Association (SEIA), the US installed 2.7 gigawatts of solar photovoltaics (PV) in the first quarter of 2019. Furthermore, the industry is expected to hit 3 million installations by 2021 and 4 million by the end of 2023.


In addition, the growing concern regarding energy crisis and the initiatives taken to reduce the greenhouse emissions are also expected to fuel the demand for solar energy as one of the prime sources of harnessing the power and create lucrative opportunities for the key players operating in the global solar panel coating market.


However, the high initial cost of solar panel coatings is likely to hamper the global solar panel coatings market growth.


Global Solar Panel Coatings Market Share, by Application, 2018 (%)  Solar Panel Coatings Market


Source: MRFR Analysis


Regional Analysis:


The global solar panel coatings market, by region, has been segmented into Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.


Asia-Pacific was the dominant regional market for solar panel coatings in 2018 and is expected to register a healthy CAGR in the coming years. This can be attributed to the increase in the number of installations of solar panels in the region. China is expected to be the leading market followed by India and other Southeast Asian countries in the region. For instance, in 2018, the cumulative installed capacity in India exceeded 19 GW, i.e., growth by 127% as compared to 2017. In addition, the increasing industrialization has resulted in high pollution and deposition of debris over the surface of solar panels thus reducing the efficiency by 30%. This, in turn, increases the demand for solar panel coatings in the region.


The North American market is expected to witness substantial growth during the forecast period. This is due to the healthy growth of the solar industry coupled with the dramatic decline in the cost of solar installations in the region. The US is projected to be the prominent country-level market during the forecast period owing to the increasing demand for clean energy fuel.


The European market is expected to register a significant CAGR during the forecast period, owing to depleting reserves of fossil fuels and surging demand for sustainable energy in the industrial and automotive sectors. Germany is expected to be the leading country-level market in the region owing to the increase in the number of installations of solar rooftop systems in the residential and commercial buildings. For instance, according to SolarPower Europe, the European Union installed around 8.0 GW of solar power systems in the region—a growth of ~20% in the year 2018.


The markets in Latin America and the Middle East & Africa are expected to register moderate growth in the years to follow owing to increasing research initiatives and constructional activities.


Target Audience:



  • Solar panel industry

  • Potential investors

  • Production industries

  • Government bodies



Report Scope:
Report Attribute/Metric Details
  Market Size

  • 2018: USD 4.65 Billion
  • 2027: Significant value
  •   CAGR   24.3%(2018–2025)
      Base Year   2019
      Forecast Period   2020-2027
      Historical Data   2018
      Forecast Units   Value (USD Billion)
      Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Segments Covered   By Type, Application and Region
      Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
      Key Vendors   Arkema S.A. (France), FENZI S.p.A. (Italy), Nanotech Products Pty Ltd (Australia), DSM (The Netherlands), 3M (US), PPG Industries Inc (US), Unelko Corporation (US), Optitune Oy (Finland), Diamon-Fusion International, Inc (USA), Element 119 (USA)., Sinovoltaics Group (China), ZSD (Egypt), Solar Sharc (UK), Advanced Nanotech Lab (India).
      Key Market Opportunities   The growing concern regarding energy crisis and the initiatives taken to reduce the greenhouse emissions
      Key Market Drivers   A radicle shift toward alternative sustainable energy sources from conventional fuels


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    Frequently Asked Questions (FAQ) :


    The market value in 2018 was more than USD 4.65 billion.

    The market is expected to attain a CAGR of 23.4% in the years ahead.

    The key types of solar panel coatings are anti-abrasion, hydrophobic, anti-soiling, self-cleaning, anti-reflective, and more.

    The commercial segment, depending on application, is believed to take the lead in the market.

    The APAC market is expected to be the most lucrative one in the world.

    Table of Contents

    1 Executive Summary

    2 Market Introduction

    2.1 Market Definition

    2.2 Scope of the Study

    2.2.1 Research Objectives

    2.2.2 Assumptions & Limitations

    2.3 Markets Structure

    2.4 Key Takeaways

    3 Market Research Methodology

    3.1 Research Process

    3.2 Primary Research

    3.3 Secondary Research

    3.4 Market Size Estimation

    3.5 Forecast Model

    4 Market Dynamics of Global Solar Panel Coatings Market

    4.1 Introduction

    4.2 Drivers

    4.3 Restraints

    4.4 Opportunities

    4.5 Challenges

    4.6 Trends/Technology

    5 Market Factor Analysis of Global Solar Panel Coatings Market

    5.1 Supply Chain Analysis

    5.1.1 Raw Material Suppliers

    5.1.2 Manufacturers/Producers

    5.1.3 Distributors/Retailers/Wholesalers/E-Commerce

    5.1.4 End User

    5.2 Porter’s Five Forces Analysis

    5.2.1 Threat of New Entrants

    5.2.2 Bargaining Power of Buyers

    5.2.3 Bargaining Power of Suppliers

    5.2.4 Threat of Substitutes

    5.2.5 Intensity of Competitive Rivalry

    5.3 Pricing Analysis

    6. Global Solar Panel Coatings Market, by Type

    6.1 Introduction

    6.2 Anti-Reflective

    6.2.1 Market Estimates & Forecast, 2020−2027

    6.2.2 Market Estimates & Forecast, by Region, 2020−2027

    6.3 Hydrophobic

    6.3.1 Market Estimates & Forecast, 2020−2027

    6.3.2 Market Estimates & Forecast, by Region, 2020−2027

    6.4 Self-Cleaning

    6.4.1 Market Estimates & Forecast, 2020−2027

    6.4.2 Market Estimates & Forecast, by Region, 2020−2027

    6.5 Anti-Soiling

    6.5.1 Market Estimates & Forecast, 2020−2027

    6.5.2 Market Estimates & Forecast, by Region, 2020−2027

    6.6 Anti-Abrasion

    6.6.1 Market Estimates & Forecast, 2020−2027

    6.6.2 Market Estimates & Forecast, by Region, 2020−2027

    6.7 Others

    6.7.1 Market Estimates & Forecast, 2020−2027

    6.7.2 Market Estimates & Forecast, by Region, 2020−2027

    7. Global Solar Panel Coatings Market, by Application

    7.1 Introduction

    7.2 Residential

    7.2.1 Market Estimates & Forecast, 2020−2027

    7.2.2 Market Estimates & Forecast, by Region, 2020−2027

    7.3 Commercial

    7.3.1 Market Estimates & Forecast, 2020−2027

    7.3.2 Market Estimates & Forecast, by Region, 2020−2027

    7.4 Energy

    7.4.1 Market Estimates & Forecast, 2020−2027

    7.4.2 Market Estimates & Forecast, by Region, 2020−2027

    7.5 Agriculture

    7.5.1 Market Estimates & Forecast, 2020−2027

    7.5.2 Market Estimates & Forecast, by Region, 2020−2027

    7.6 Automobiles

    7.6.1 Market Estimates & Forecast, 2020−2027

    7.6.2 Market Estimates & Forecast, by Region, 2020−2027

    7.7 Others

    7.7.1 Market Estimates & Forecast, 2020−2027

    7.7.2 Market Estimates & Forecast, by Region, 2020−2027

    8. Global Solar Panel Coatings Market, by Region

    8.1 Introduction

    8.2 North America

    8.2.1 Market Estimates & Forecast, 2020−2027

    8.2.2 Market Estimates & Forecast, by Type, 2020−2027

    8.2.3 Market Estimates & Forecast, by Application, 2020−2027

    8.2.4 US

    8.2.4.1 Market Estimates & Forecast, 2020−2027

    8.2.4.2 Market Estimates & Forecast, by Type, 2020−2027

    8.2.4.3 Market Estimates & Forecast, Application, 2020−2027

    8.2.5 Canada

    8.2.5.1 Market Estimates & Forecast, 2020−2027

    8.2.5.2 Market Estimates & Forecast, by Type, 2020−2027

    8.2.5.3 Market Estimates & Forecast, by Application, 2020−2027

    8.3 Europe

    8.3.1 Market Estimates & Forecast, 2020−2027

    8.3.2 Market Estimates & Forecast, by Type, 2020−2027

    8.3.3 Market Estimates & Forecast, by Application, 2020−2027

    8.3.4 Germany

    8.3.4.1 Market Estimates & Forecast, 2020−2027

    8.3.4.2 Market Estimates & Forecast, by Type, 2020−2027

    8.3.4.3 Market Estimates & Forecast, by Application, 2020−2027

    8.3.5 France

    8.3.5.1 Market Estimates & Forecast, 2020−2027

    8.3.5.2 Market Estimates & Forecast, by Type, 2020−2027

    8.3.5.3 Market Estimates & Forecast, by Application, 2020−2027

    8.3.6 Italy

    8.3.6.1 Market Estimates & Forecast, 2020−2027

    8.3.6.2 Market Estimates & Forecast, by Type, 2020−2027

    8.3.6.3 Market Estimates & Forecast, by Application, 2020−2027

    8.3.7 Spain

    8.3.7.1 Market Estimates & Forecast, 2020−2027

    8.3.7.2 Market Estimates & Forecast, by Type, 2020−2027

    8.3.7.3 Market Estimates & Forecast, by Application, 2020−2027

    8.3.8 UK

    8.3.8.1 Market Estimates & Forecast, 2020−2027

    8.3.8.2 Market Estimates & Forecast, by Type, 2020−2027

    8.3.8.3 Market Estimates & Forecast, by Application, 2020−2027

    8.3.9 Russia

    8.3.9.1 Market Estimates & Forecast, 2020−2027

    8.3.9.2 Market Estimates & Forecast, by Type, 2020−2027

    8.3.9.3 Market Estimates & Forecast, by Application, 2020−2027

    8.3.10 Poland

    8.3.10.1 Market Estimates & Forecast, 2020−2027

    8.3.10.2 Market Estimates & Forecast, by Type, 2020−2027

    8.3.10.3 Market Estimates & Forecast, by Application, 2020−2027

    8.3.11 Rest of Europe

    8.3.11.1 Market Estimates & Forecast, 2020−2027

    8.3.11.2 Market Estimates & Forecast, by Type, 2020−2027

    8.3.11.3 Market Estimates & Forecast, by Application, 2020−2027

    8.4 Asia-Pacific

    8.4.1 Market Estimates & Forecast, 2020−2027

    8.4.2 Market Estimates & Forecast, by Type, 2020−2027

    8.4.3 Market Estimates & Forecast, by Application, 2020−2027

    8.4.4 China

    8.4.4.1 Market Estimates & Forecast, 2020−2027

    8.4.4.2 Market Estimates & Forecast, by Type, 2020−2027

    8.4.4.3 Market Estimates & Forecast, by Application, 2020−2027

    8.4.5 India

    8.4.5.1 Market Estimates & Forecast, 2020−2027

    8.4.5.2 Market Estimates & Forecast, by Type, 2020−2027

    8.4.5.3 Market Estimates & Forecast, by Application, 2020−2027

    8.4.6 Japan

    8.4.6.1 Market Estimates & Forecast, 2020−2027

    8.4.6.2 Market Estimates & Forecast, by Type, 2020−2027

    8.4.6.3 Market Estimates & Forecast, by Application, 2020−2027

    8.4.7 Australia & New Zealand

    8.4.7.1 Market Estimates & Forecast, 2020−2027

    8.4.7.2 Market Estimates & Forecast, by Type, 2020−2027

    8.4.7.3 Market Estimates & Forecast, by Application, 2020−2027

    8.4.8 Rest of Asia-Pacific

    8.4.8.1 Market Estimates & Forecast, 2020−2027

    8.4.8.2 Market Estimates & Forecast, by Type, 2020−2027

    8.4.8.3 Market Estimates & Forecast, by Application, 2020−2027

    8.5 Middle East & Africa

    8.5.1 Market Estimates & Forecast, 2020−2027

    8.5.2 Market Estimates & Forecast, by Type, 2020−2027

    8.5.3 Market Estimates & Forecast, by Application, 2020−2027

    8.5.4 GCC

    8.5.4.1 Market Estimates & Forecast, 2020−2027

    8.5.4.2 Market Estimates & Forecast, by Type, 2020−2027

    8.5.4.3 Market Estimates & Forecast, by Application, 2020−2027

    8.5.5 Israel

    8.5.5.1 Market Estimates & Forecast, 2020−2027

    8.5.5.2 Market Estimates & Forecast, by Type, 2020−2027

    8.5.5.3 Market Estimates & Forecast, by Application, 2020−2027

    8.5.6 North Africa

    8.5.6.1 Market Estimates & Forecast, 2020−2027

    8.5.6.2 Market Estimates & Forecast, by Type, 2020−2027

    8.5.6.3 Market Estimates & Forecast, by Application, 2020−2027

    8.5.7 Turkey

    8.5.7.1 Market Estimates & Forecast, 2020−2027

    8.5.7.2 Market Estimates & Forecast, by Type, 2020−2027

    8.5.7.3 Market Estimates & Forecast, by Application, 2020−2027

    8.5.8 Rest of Middle East & Africa

    8.5.8.1 Market Estimates & Forecast, 2020−2027

    8.5.8.2 Market Estimates & Forecast, by Type, 2020−2027

    8.5.8.3 Market Estimates & Forecast, by Application, 2020−2027

    8.6 Latin America

    8.6.1 Market Estimates & Forecast, 2020−2027

    8.6.2 Market Estimates & Forecast, by Type, 2020−2027

    8.6.3 Market Estimates & Forecast, by Application, 2020−2027

    8.6.4 Brazil

    8.6.4.1 Market Estimates & Forecast, 2020−2027

    8.6.4.2 Market Estimates & Forecast, by Type, 2020−2027

    8.6.4.3 Market Estimates & Forecast, by Application, 2020−2027

    8.6.5 Argentina

    8.6.5.1 Market Estimates & Forecast, 2020−2027

    8.6.5.2 Market Estimates & Forecast, by Type, 2020−2027

    8.6.5.3 Market Estimates & Forecast, by Application, 2020−2027

    8.6.6 Mexico

    8.6.6.1 Market Estimates & Forecast, 2020−2027

    8.6.6.2 Market Estimates & Forecast, by Type, 2020−2027

    8.6.6.3 Market Estimates & Forecast, by Application, 2020−2027

    8.6.7 Rest of Latin America

    8.6.7.1 Market Estimates & Forecast, 2020−2027

    8.6.7.2 Market Estimates & Forecast, by Type, 2020−2027

    8.6.7.3 Market Estimates & Forecast, by Application, 2020−2027

    9. Company Landscape

    9.1 Introduction

    9.2 Market Strategy

    9.3 Key Development Analysis (Expansion/Merger & Acquisitions/Joint Venture/New Product Development/Agreement/Investment)

    10. Company Profiles

    10.1 Arkema S.A.

    10.1.1 Company Overview

    10.1.2 Financial Updates

    10.1.3 Product/Business Segment Overview

    10.1.4 Strategy

    10.1.5 Key Developments

    10.1.6 SWOT Analysis

    10.2 FENZI S.p.A.

    10.2.1 Company Overview

    10.2.2 Financial Updates

    10.2.3 Product/Business Segment Overview

    10.2.4 Strategy

    10.2.5 Key Developments

    10.2.6 SWOT Analysis

    10.3 Nanotech Products Pty Ltd

    10.3.1 Company Overview

    10.3.2 Financial Updates

    10.3.3 Product/Business Segment Overview

    10.3.4 Strategy

    10.3.5 Key Developments

    10.3.6 SWOT Analysis

    10.4 DSM

    10.4.1 Company Overview

    10.4.2 Financial Updates

    10.4.3 Product/Business Segment Overview

    10.4.4 Strategy

    10.4.5 Key Developments

    10.4.6 SWOT Analysis

    10.5 3M

    10.5.1 Company Overview

    10.5.2 Financial Updates

    10.5.3 Product/Business Segment Overview

    10.5.4 Strategy

    10.5.5 Key Developments

    10.5.6 SWOT Analysis

    10.6 PPG Industries Inc

    10.6.1 Company Overview

    10.6.2 Financial Updates

    10.6.3 Product/Business Segment Overview

    10.6.4 Strategy

    10.6.5 Key Developments

    10.6.6 SWOT Analysis

    10.7 Unelko Corporation

    10.7.1 Company Overview

    10.7.2 Financial Updates

    10.7.3 Product/Business Segment Overview

    10.7.4 Strategy

    10.7.5 Key Developments

    10.7.6 SWOT Analysis

    10.8 Optitune Oy

    10.8.1 Company Overview

    10.8.2 Financial Updates

    10.8.3 Product/Business Segment Overview

    10.8.4 Strategy

    10.8.5 Key Developments

    10.8.6 SWOT Analysis

    10.9 Diamon-Fusion International, Inc

    10.9.1 Company Overview

    10.9.2 Financial Updates

    10.9.3 Product/Business Segment Overview

    10.9.4 Strategy

    10.9.5 Key Developments

    10.9.6 SWOT Analysis

    10.10 Element 119

    10.10.1 Company Overview

    10.10.2 Financial Updates

    10.10.3 Product/Business Segment Overview

    10.10.4 Strategy

    10.10.5 Key Developments

    10.10.6 SWOT Analysis

    10.11 ZSD

    10.11.1 Company Overview

    10.11.2 Financial Updates

    10.11.3 Product/Business Segment Overview

    10.11.4 Strategy

    10.11.5 Key Developments

    10.11.6 SWOT Analysis

    10.12 Sinovoltaics Group

    10.12.1 Company Overview

    10.12.2 Financial Updates

    10.12.3 Product/Business Segment Overview

    10.12.4 Strategy

    10.12.5 Key Developments

    10.12.6 SWOT Analysis

    10.13 Solar Sharc

    10.13.1 Company Overview

    10.13.2 Financial Updates

    10.13.3 Product/Business Segment Overview

    10.13.4 Strategy

    10.13.5 Key Developments

    10.13.6 SWOT Analysis

    10.14 Advanced Nanotech Lab

    10.14.1 Company Overview

    10.14.2 Financial Updates

    10.14.3 Product/Business Segment Overview

    10.14.4 Strategy

    10.14.5 Key Developments

    10.14.6 SWOT Analysis

    11. Conclusion

    LIST OF TABLES

    Table 1 Global Solar Panel Coatings Market: by Region, 2020−2027

    Table 2 North America: Solar Panel Coatings Market, by Country, 2020−2027

    Table 3 Europe: Solar Panel Coatings Market, by Country, 2020−2027

    Table 4 Asia-Pacific: Solar Panel Coatings Market, by Country, 2020−2027

    Table 5 Middle East & Africa: Solar Panel Coatings Market, by Country, 2020−2027

    Table 6 Latin America: Solar Panel Coatings Market, by Country, 2020−2027

    Table 7 Global Solar Panel Coatings Type Market, by Regions, 2020−2027

    Table 8 North America: Solar Panel Coatings Type Market, by Country, 2020−2027

    Table 9 Europe: Solar Panel Coatings Type Market, by Country, 2020−2027

    Table10 Asia-Pacific: Solar Panel Coatings Type Market, by Country, 2020−2027

    Table11 Middle East & Africa: Solar Panel Coatings Type Market, by Country, 2020−2027

    Table12 Latin America: Solar Panel Coatings Type Market, by Country, 2020−2027

    Table13 Global Solar Panel Coatings Application Market, by Regions, 2020−2027

    Table14 North America: Solar Panel Coatings Application Market, by Country, 2020−2027

    Table15 Europe: Solar Panel Coatings Application Market, by Country, 2020−2027

    Table16 Asia-Pacific: Solar Panel Coatings Application Market, by Country, 2020−2027

    Table17 Middle East & Africa: Solar Panel Coatings Application Market, by Country, 2020−2027

    Table18 Latin America: Solar Panel Coatings by Application Market, by Country, 2020-2027

    Table19 Global Type Market, by Region, 2020−2027

    Table20 Global Application Market, by Region, 2020−2027

    Table21 North America: Solar Panel Coatings Market, by Country, 2020−2027

    Table22 North America: Solar Panel Coatings Market, by Type, 2020−2027

    Table23 North America: Solar Panel Coatings Market, by Application, 2020−2027

    Table24 Europe: Solar Panel Coatings Market, by Country, 2020−2027

    Table25 Europe: Solar Panel Coatings Market, by Type, 2020−2027

    Table26 Europe: Solar Panel Coatings Market, by Application, 2020−2027

    Table27 Asia-Pacific: Solar Panel Coatings Market, by Country, 2020−2027

    Table28 Asia-Pacific: Solar Panel Coatings Market, by Type, 2020−2027

    Table29 Asia-Pacific: Solar Panel Coatings Market, by Application, 2020−2027

    Table30 Middle East & Africa: Solar Panel Coatings Market, by Country, 2020−2027

    Table31 Middle East & Africa: Solar Panel Coatings Market, by Type, 2020−2027

    Table32 Middle East & Africa: Solar Panel Coatings Market, by Application, 2020−2027

    Table33 Latin America: Solar Panel Coatings Market, by Country, 2020−2027

    Table34 Latin America: Solar Panel Coatings Market, by Type, 2020−2027

    Table35 Latin America: Solar Panel Coatings Market, by Application, 2020−2027

    LIST OF FIGURES

    FIGURE 1 Global Solar Panel Coatings Market Segmentation

    FIGURE 2 Forecast Research Methodology

    FIGURE 3 Five Forces Analysis of Global Solar Panel Coatings Market

    FIGURE 4 Value Chain of Global Solar Panel Coatings Market

    FIGURE 5 Global Solar Panel Coatings Market, 2020−2027, by Country, 2020

    FIGURE 6 Share of Global Solar Panel Coatings Market, by Type, 2020−2027

    FIGURE 7 Global Solar Panel Coatings Market Size, by Type, 2020

    FIGURE 8 Share of Global Solar Panel Coatings Market, by Type, 2020−2027

    FIGURE 9 Global Solar Panel Coatings Market Size, by Application, 2020

    FIGURE10 Share of Global Solar Panel Coatings Market, by Application, 2020−2027