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Global Photovoltaic Coating Market Size,Trends, Growth Forecast to 2031

Category : Chemicals & Materials | Report Code : 627 | Pages : 141 | Oct 2024

Report Overview

According to this study, the global Photovoltaic Coating market size will reach US$ million by 2030.

A new additive for paints, coatings and flooring could transform any surface into a solar energy receptor. Through its application, any roof, wall, street or path becomes a photovoltaic generator, that works as a replacement or supplement to the traditional power grid. This technology is designed to work in 3V or 12V and is expected to lasts for more than 20 years.

It is expected that global demand for photovoltaic products will remain high in the next few years. According to our PV & Solar Research Center, by the end of 2022, the global cumulative installed photovoltaic power generation capacity is about 1180 GW. According to the data of China Photovoltaic Industry Association, the global newly installed photovoltaic capacity in 2022 is about 230 GW, and this number in 2023 is predicted to be 280-330 GW. According to the data of the Ministry of Industry and Information Technology, the total output value of China's photovoltaic industry exceeded 1.4 trillion yuan in 2022. From the perspective of production value, mainland China is still the global center of the PV industry. According to the International Energy Agency, China market share in all key products of the supply chain have exceeded 80%. Among them, the production capacity of silicon wafers, solar cells, and components accounts for as high as 98%, 85% and 77%, respectively. According to the data released by the European Photovoltaic Association, 27 EU countries gained a new PV installed capacity of 41.4 GW in 2022. According to the report of the US Solar Energy Industries Association (SEIA), the US held a new PV installed capacity of less than 19 GW in 2022. But it is estimated that from 2023, the average annual growth rate of new photovoltaic installed capacity will exceed 21%. In terms of Japan, based on data from Fitch and the US Energy Information Administration (EIA), in 2022, Japan's newly installed photovoltaic capacity was 3.48 GW.

This report presents a comprehensive overview, market shares, and growth opportunities of Photovoltaic Coating market by product type, application, key players and key regions and countries.

Segmentation by product type:
    Water Based
    Solvent Based

Segmentation by Application: 
    Automotive
    Construction
    Textile Industry
    Others

This report also splits the market by region:
    United States
    China
    Europe
    Other regions:
        Japan
        South Korea
        Southeast Asia
        Rest of world

The report also presents the market competition landscape and a corresponding detailed analysis of the major players in the market. The key players covered in this report:
    Suntech Power Holdings
    PPG Industries
    Sherwin Williams
    AkzoNobel
    Axalta Coating Systems
    BASF

Frequently Asked Questions?

Ans - The purpose of a Photovoltaic Coating market research report is to provide data-driven insights and analysis on a Photovoltaic Coating market. It helps businesses understand industry trends, competition, consumer behavior, market size, growth potential, and risks, supporting strategic decision-making.

Ans - Market research reports typically include both quantitative (market size, revenue, growth rates) and qualitative (trends, consumer preferences, competitive analysis) data. It often includes industry statistics, surveys, expert opinions, historical data, and future forecasts.

Ans - The forecast period typically for Photovoltaic Coating market report spans the next 5 to 10 years. It includes projected market trends, growth opportunities, and potential challenges.

Ans - Yes, Analytic Insights Hub customization services, allowing businesses to focus on specific geographies, sectors, or market segments that are relevant to them.

Ans - The report highlights major trends such as technological innovations, consumer behavior shifts, regulatory changes, or emerging markets that may impact the industry?s growth.