2018 - 2025 Solar Panel Adhesives : Increase The Functionality Of Solar Panels And Offer The Benefits Of Reduced Leaks And Corrosion
Press
Release - 24 April 2018
Global
Research and Development News
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Report
Description-
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– Sealants
and adhesives are one of the essential components in solar panel,
wind turbines, and fuel cells. Solar panel adhesives help reduce
assembly cost. They also facilitate in achieving high volume
manufacturing goals. For instance, currently, renewable energy
technologies such as photovoltaic modules are burdened by high costs
in terms of assembly and material. Higher production volumes of solar
panels and automated adhesive assembly are expected to provide cost
reduction in the next few years.
– Thus,
adhesives play a vital role during the process of manufacturing and
installation in the solar industry. Adhesives eliminate the need for
mechanical fasteners such as screws and U-bolts, and further aid in
complete removal of stress points caused by these fasteners. They
also provide durability, long-lasting protection, and structural
strength to the solar panel due to their characteristic features such
as high thermal and electrical management and resistance against UV
rays.
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– Based
on resin, the global solar panel adhesives market can be segmented
into epoxy and polyurethane. Epoxy resins are less expensive and more
tolerant of mechanical changes due to their ability to expand and
contract with substrate movements, while polyurethane resins offer
high UV resistance, which aids in non-yellowing of solar panels even
for maximum transmission of VIS and IR light. Solar panel adhesives
increase the functionality of solar panels and offer the benefits of
reduced leaks and corrosion, resistance to extreme environmental
conditions, and enhanced sealant properties.
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Enhanced performance characteristics and reduction of
assembly cost are some of the key factors driving the solar panel
adhesives market. Strong GDP growth, rapid pace of industrialization,
and rise in manufacturing output, typically in developing economies,
are some of the other factors fuelling market growth. Environmental
concerns and regulations on harmful chemicals continue to hamper
market growth. However, production and formulation of
environmentally-friendly products, such as water based solar panel
adhesives instead of solvent based adhesives, continues to serve as
an opportunity for manufacturers. The usage of organic adhesives is
limited in conventional power generation equipment, as they are high
temperature machines. However, renewable energy equipment such as
fuel cells and solar panels operate at low temperature. Therefore,
the usage of organic adhesives is suitable for these applications.
Manufacturers are investing in green product development programs to
produce green adhesives based on organic starch, soy, vegetable oil,
and water. For instance, polyurethane adhesives derived from
fermentation and microbial process have been gaining popularity since
the last few years.
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Geographically, the market for solar panel adhesives can be
segmented into North America, Asia Pacific, Europe, Latin America,
and Middle East & Africa. Asia Pacific is the leading consumer of
solar panel adhesives. High taxation on coal- generated electricity
in China has resulted in wide adoption of solar panel in the country.
Furthermore, increase in prices of electricity coupled with the
availability of cheaper solar panels in Japan, South Korea, and
Australia is expected to boost the demand for solar panel adhesives
during the forecast period. The solar energy industry is rapidly
expanding in the U.S. and Canada. Manufacturers and distributors are
focusing on manufacturing and installing of solar panel by
eliminating the mechanical fasteners and to use structural adhesives
for solar panel manufacturing and installation. These adhesives has
the potential to streamline costs, decrease maintenance, and improve
durability and product life expectancy of the solar energy systems.
Recently, Tesla Inc., one of the leading electric car manufacturers,
adopted conductive adhesives for bonding and connecting solar panels
in its hybrid model roof. Middle East & Africa and Latin America
are lucrative regions of the solar panel adhesives market due to the
rise in project investments by various manufacturers.
– Key players operating in the global solar panel adhesives
market are 3M Company, H.B. Fuller, Evonik Industries, Epic Resins,
and Dow Corning Corporation.
The report offers a comprehensive evaluation of
the market. It does so via in-depth qualitative insights, historical
data, and verifiable projections about market size. The projections
featured in the report have been derived using proven research
methodologies and assumptions. By doing so, the research report
serves as a repository of analysis and information for every facet of
the market, including but not limited to: Regional markets,
technology, types, and applications.
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive
primary research (through interviews, surveys, and observations of
seasoned analysts) and secondary research (which entails reputable
paid sources, trade journals, and industry body databases). The
report also features a complete qualitative and quantitative
assessment by analyzing data gathered from industry analysts and
market participants across key points in the industry’s value
chain.
A separate analysis of prevailing trends in the
parent market, macro- and micro-economic indicators, and regulations
and mandates is included under the purview of the study. By doing so,
the report projects the attractiveness of each major segment over the
forecast period.
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
– More
Clear Details get Table of Contents
https://www.researchmoz.us/solar-panel-adhesives-market-global-industry-analysis-size-share-growth-trends-and-forecast-2017-2025-report.html#table-of-content
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