The report includes the analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
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Strong government-support to generate renewable energy by using solar panels accelerates the market growth. Solar panels are being extensively utilized in generating energy on a residential and utility-scale. Solar panel coatings possess an excellent absorption capacity and high light transitivity thereby exhibiting maximum efficiency.
The residential segment is anticipated to dominate the market throughout the forecast period. Rise in the adoption of installation of solar panels for generating energy and rising demand for installing rooftop solar panels for generating solar energy. Rooftop solar panels comprise 80% share.
Anti-reflective coatings enhance the absorption capacity, improve light transitivity, and reduce the reflection, thereby improving the overall efficiency of solar panels hence drives the demand for anti-reflective solar panel coatings. The hydrophobic segment is the second-largest segment of the solar panel coatings market and is estimated to witness considerable demand in the forecast. The excellent property of hydrophobic coatings does not allow the water to remain on the surface of solar panels.
The Asia Pacific is growing at a rapid pace due rise in the demand for solar panels to generate energy. In the Asia Pacific, China is a major consumer of solar panel installation, 45% of the capacity is installed by China in the year 2017. Runner-ups in the total installation are United States, Germany, Japan, India, and Italy respectively.
The report covers the total market for solar panel coatings and the impact of the different market factors, such as drivers, restraints, and opportunities, challenges, key issues, SWOT analysis, and technology forecasting is also illustrated in the report. This gives an idea about the key drivers, such as high growth and demand in emerging economies countries.
Scope of the Global Solar Panel Coatings Market: Inquire before buying
Global Solar Panel Coatings Market, by Product:
Global Solar Panel Coatings Market, by End-Use Industry:
Global Solar Panel Coatings Market, by Region:
• North America
• South America
• Middle East & Africa
Key Players Analyzed in Global Solar Panel Coatings Market
• Arkema Group
• Fenzi SpA
• NanoTech Products Pty Limited
• Koninklijke DSM N.V
• PPG Industries Inc.
• nanoShell Limited
• Unelko Corporation
• Optitune Oy
• Diamon-Fusion International Inc. (DFI)
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