The global solar cell metallization pastes market is estimated to grow during the forecast period from 2017 to 2025.
Driving Factors for Solar Cell Metallization Pastes Market
- Increasing demand for reliable solar solutions across residential sector, power generation sector and aerospace & defense sector.
- Rising applications of silver pastes for passivated emitter rear cell (PERC) design solar cells.
- Demand for rear-side tabbing pastes is mounting owing to its multiple benefits such as durability of the solar cell, the decrease in cost of operation of the photovoltaic cell and increasing efficiency.
|By Type||Silver (Ag), aluminum (Al) and others|
|By Application Pattern||Front side metallization and back side metallization|
|By End Use||P-type solar cell, passivated emitter rear cell (PERC) and others|
|By Region||North America, Asia-Pacific, Europe, Middle East & Africa (MEA) and Latin America|
|The U.S.||DuPont, Indium Corporation & others|
|Germany||Heraeus Group & others|
|Taiwan||AG PRO Technology & others|
Solar Cell Metallization Pastes Market - Introduction
The global solar cell metallization pastes market is expected to grow significantly during the forecast period 2017 to 2025. Solar cell metallization pastes market is segmented in terms of types, application pattern, end use, and geography.
Solar cell metallization pastes are metallic pastes that are used for solar cells to conductivity and power output. Solar cell metallization pastes offer significant efficiency gains for multi as well as mono crystalline silicon-based photovoltaic cells. Traditionally, aluminum (Al) and silver (Ag) based metallization pastes are mostly consumed in solar cell industry. Rising demand for renewable energy based on solar cell and awareness for decreasing loss during converting sunlight into electricity are some of the prime growth drivers for the market. Rising demand for increasing energy yield for photovoltaic cells has acted as a push factor for the growth of the application market for solar cell metallization pastes.
|Base Year of Estimation||2016|
|Value Estimation Year||2017|
|Forecast Period||2017 - 2025|
|Market Segmentations||By type, application pattern, end use, region|
|Regional Scope||North America, Asia-Pacific, Europe, Middle East & Africa (MEA) and Latin America|
|Report Coverage||Technology Analysis, Market Dynamics, Market Trends, Segmentation Overview and Competitive Landscape of the market|
Metallization paste can be applied to both front side and back side of solar cells. A significant amount of similarities exists between metal paste for solar cells and thick film applications. Solar cell metallization pastes are uniformly dispersed organic and inorganic materials. These pastes are applied onto wafers through screen-printing and other types of deposition method. Organic materials of the paste function as a temporary carrier and these materials get evaporated during drying/firing steps. As a result of the process, silver or aluminum gets deposited on the silicon wafer. Glass is also used as mixture component in the paste. Each component of the paste has different application. For example, silver powder offers conductivity whereas glass helps in penetration of antireflective layers.
Silver, as well as aluminum based metallization pastes, are widely used in solar cell industry to increase the efficiency of a solar cell in terms of higher conductivity and greater yield of energy output. Rising solar cell production has fuelled the demand for metallization pastes across photovoltaic industry globally. Rising demand for reliable solar solutions across residential sector, power generation sector and aerospace & defense sector is fuelling the growth of solar cell metallization pastes market. Rising applications of silver pastes for passivated emitter rear cell (PERC) design solar cells is acting as a midterm push factor for the growth of the market.
In industrial solar cell manufacturing, demand for rear-side tabbing pastes is growing owing to its multiple benefits such as the increase in durability of the solar cell, decrease in cost of operation of the photovoltaic cell and rising efficiency of the cell. Due to the similar reason, demand for aluminum paste for solar cell has grown significantly in recent years. In order to meet requirements of solar cell manufacturers, metallization pastes producers are expanding applications of their product offering. For example, in 2017, DuPont Photovoltaic Solutions developed “Solamet” metallization pastes for advanced screen printing that offer excellent fine line printing, better electrical conductance, and high solderability. Such new product innovation is expanding application market for solar cell metallization paste. Growth prospect solar cell metallization pastes market has been slightly dented by the volatility of prices in metal commodity market and lack of penetration of latest technology in Asia Pacific region. In coming years, application of low-temperature processing paste in solar cell manufacturing industry is expected to drive the growth of the market.
In recent years, the demand of aluminum or silver based metallization paste has increased significantly caused by rising awareness for efficiency in terms energy output of solar cell, rising demand for solar project installation in the residential sector and government regulations supporting renewable energy usage. On the other hand, growing demand for solar cell in industrial sector globally has created opportunity for solar cell metallization pastes producers. Product innovation remains the prime strategy for leading solar cell metallization pastes producer to achieve competitive advantage and open up new revenue streams. In terms of market structure, solar cell metallization pastes market is fragmented in nature due to the presence of large numbers of players in the market.
In terms of types, the market has been segmented as silver (Ag), aluminum (Al) and others. In terms of application pattern, solar cell metallization pastes market has been divided into front side metallization and back side metallization. In terms of end use, the market has been further segmented into. P-type solar cell, passivated emitter rear cell (PERC) and others. In terms of revenue share, P-type solar cell held the largest share of the end use market for solar cell metallization pastes.
The geographical segmentation of the global solar cell metallization pastes market includes North America, Asia-Pacific, Europe, Middle East & Africa (MEA) and Latin America. In terms of both revenue and volume, North America is one of the fastest growing markets owing to the deep penetration of photovoltaic industry, rising demand of high-performance solar cells and supportive government regulations for usage of solar energy. During the forecast period, demand for solar cell metallization paste in Asia-Pacific is estimated to grow owing to the development of renewable energy sector.
Leading players operating in the solar cell metallization pastes market are DuPont (The U.S.), Heraeus Group (Germany), Indium Corporation (The U.S.), AG PRO Technology (Taiwan) among others. Most of these companies focus on investing financial and non-financial resources to develop new products and tap the market opportunity.
Considering the dynamic business scenario, rising demand for solar cell in different application market and expansion of solar energy sector, it is expected that the market will grow at a stable rate during the forecast period 2017 to 2025. All these factors are estimated to contribute the overall growth of the market in coming years.
|KEY QUESTIONS ANSWERED BY THE REPORT|
|What will be the nature of growth of the market till 2025?|
|What are the major push factors that will affect the growth of the market?|
|What are the growth possibilities in different segments of the market?|
|Who are the leading market players?|
|What are the key strategies implemented by the market leaders to sustain growth in the market?|
|What are the major restraining factors for the market?|
|What are the ways to generate new revenue streams?|
|In-depth analysis of the competitive landscape and competitor behavior in the market|
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