Global Photovoltaic Materials Market, Forecast to 2022

Decreasing Grid Parity of Solar Energy to Spur Revenue and Unit Shipment Growth

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Market consolidation in Europe and North America is due to increasing imports from Asia-Pacific, a result of the over-supply of materials manufacturing. The largest market, APAC constitutes over 70% of global PV materials consumption, yet growing adoption of premium products such as BIPV in Europe and NA is expected to boost revenues. This study explores the current status and future prospects of the global photovoltaic (PV) materials market. It analyzes unit shipment and revenue generated from frontsheets, backsheets, and encapsulants from 2012 to 2022. The impact of regulations; product, material, and technology trends; and market drivers and restraints is provided along with an evaluation of the value chain and distribution channels.
  • Front sheets
  • Encapsulants
  • Back sheets

The study also covers the technology segments of:

  • Crystalline silicone
  • Thin film

Market Overview

Decreasing Grid Parity to Stimulate the Adoption of PV Modules

Governments' desire to increase the share of renewable sources in the energy mix and the low grid parity of solar resources is accelerating the growth of the global PV systems market and consequently, the PV materials market. The consistent decrease in the prices of PV materials will further stoke the adoption of PV modules, even in the residential sector. This has led to a more intense demand for premium PV materials that can increase the efficiency of the solar modules.

Patterned anti-reflective coated glass is gaining momentum in the front sheets market, while polyethylene terephthalate (PET) and polyvinyl fluoride-based materials are set to be the most prominent in the back sheets segment, owing to their superior price-performance. Meanwhile, properties such as light transmissibility, adhesion to substrates and durability will enhance the demand for polyolefin (PO) sheets among encapsulants.

Customer price-sensitivity has been continuously increasing along with performance requirements. Therefore manufacturers are expected to innovate on this front to remain cost-competitive

The withdrawal of financial incentives by governments in parts of Europe due to market maturity poses a threat to the smaller firms, this in turn is expected to lead to further consolidation. On the other hand, the high demand for solar modules in India and the countries belonging to Association of South East Asian Nations will encourage global companies to partner with the local manufacturers to widen their global footprint.

 

Table of Contents

1. Executive Summary
Key Findings
Executive Summary—Strategic Factsheet
Market Engineering Measurements
Market Overview
Competitor Overview
CEO’s Perspective
2. Market Overview
Market Definitions
Key Market Segments
Market Definitions
Market Overview—Geographic Scope
Solar Industry Outlook
Global Hot Spots
Regulatory Outlook
Product, Material, and Technology Trends
Market Segmentation
3. Drivers and Restraints—Total Photovoltaic Materials Market
Market Drivers
Decreasing PV material prices
Trend towards lowering greenhouse gas (GHG) emissions
Increasing push by governments in terms of incentives
Increasing customer awareness
Increasing adoption of premium encapsulants
Market Restraints
The amount of material used in PV modules
Lower durability of EVA-based PV modules
Withdrawal of financial incentives by various government authorities in Europe
Lower efficiency of thin-film technology
4. Forecast and Trends—Total Photovoltaic Materials Market
Forecast Assumptions
Unit Shipment and Revenue Forecast
Pricing Trends and Forecast
Value Chain and Market Distribution Channels
Value Chain Analysis
Product Matrix—Major Companies
5. Frontsheets Market Analysis
Key Findings
Unit Shipment and Revenue Forecast
Percent Revenue Breakdown by Product
6. Market Share and Competitive Analysis— Total Frontsheets Market
Market Share
Competitive Environment
7. European Frontsheets Market Analysis
Unit Shipment and Revenue Forecast
Pricing Trends and Forecast
Pricing Trends and Forecast Discussion
8. North American Frontsheets Market Analysis
Unit Shipment and Revenue Forecast
Pricing Trends and Forecast
9. APAC Frontsheets Market Analysis
Unit Shipment and Revenue Forecast
Pricing Trends and Forecast
10. Backsheets Market Analysis
Key Findings
Unit Shipment and Revenue Forecast
Percent Revenue Breakdown by Product
11. Market Share and Competitive Analysis— Total Backsheets Market
Market Share
Jolywood
Cybrid
Coveme
Taiflex
Others
Competitive Environment
Pricing Trends and Forecast
12. European Backsheets Market Analysis
Unit Shipment and Revenue Forecast
Pricing Trends and Forecast
13. North American Backsheets Market Analysis
Unit Shipment and Revenue Forecast
Pricing Trends and Forecast
14. APAC Backsheets Market Analysis
Unit Shipment and Revenue Forecast
Pricing Trends and Forecast
15. Encapsulants Market Analysis
Key Findings
Unit Shipment and Revenue Forecast
Percent Revenue Breakdown by Product
16. Market Share and Competitive Analysis— Total Encapsulants Market
Market Share
Competitive Environment
17. European Encapsulants Market Analysis
Unit Shipment and Revenue Forecast
Pricing Trends and Forecast
18. North American Encapsulants Market Analysis
Unit Shipment and Revenue Forecast
Pricing Trends and Forecast
19. APAC Encapsulants Market Analysis
Unit Shipment and Revenue Forecast
Pricing Trends and Forecast
20. End-user Analysis
End-user Dashboard
Material Selection Attributes—Intrinsic Properties
Material Selection Attributes—Extrinsic Properties
Competitive Factors and Assessment
Case Study— PV Materials Market
21. The Last Word
Conclusions
The Last Word—3 Big Predictions
Legal Disclaimer
22. Appendix
Market Engineering Methodology
Partial List of Companies Interviewed

Infographic



List of Figures & Charts

1. Total PV Materials Market: Key Performance Parameters by Technology, Global, 2015
2. Regulatory Outlook, Global, 2015
3. Key Market Drivers, Global, 2016–2022
4. Incentives for Solar Power Generation, Global, 2005–2015
5. Key Market Restraints, Global, 2016–2022
6. Product Matrix of Major Companies, Global, 2015
7. Market Engineering Measurements, Global, 2015
8. Frontsheets Market: Average Price by Product Type, Europe, 2015
9. Frontsheets Market: Average Price by Product Type, North America, 2015
10. Frontsheets Market: Average Price by Product Type, APAC, 2015
11. Backsheets Market: Market Engineering Measurements, Global, 2015
12. Total Backsheets Market: Competitive Structure, Global, 2015
13. Backsheets Market: Average Price by Product Type, Europe, 2015
14. Backsheets Market: Average Price, North America, 2015
15. Backsheets Market: Average Price by Product Type, APAC, 2015
16. Total Encapsulants Market: Market Engineering Measurements, Global, 2015
17. Total Encapsulants Market: Competitive Structure, Global, 2015
18. Encapsulants market: Average Price by Product Type, Europe, 2015
19. Encapsulants Market: Average Price by Product Type, North America, 2015
20. Encapsulants Market: Average Price by Product, APAC, 2015
21. PV Materials Market: Snapshot of Key End-user Trends, Global, 2015
22. Frontsheets Market: Material Selection Attribute, Intrinsic Properties, Global, 2015
23. Backsheets Market: Material Selection Attribute, Intrinsic Properties, Global, 2015
24. Encapsulants Market: Material Selection Attribute, Intrinsic Properties, Global, 2015
25. Frontsheets Market: Material Selection Attribute, Extrinsic Properties, Global, 2015
26. Backsheets Market: Material Selection Attribute, Extrinsic Properties, Global, 2015


1. Total PV Materials Market: Market Engineering Measurements, Global, 2015
2. Total PV Materials Market: Global Annual New Installed Capacity, Global, 2010–2015
3. Total PV Materials Market: Hot Spots by Cumulative Capacity Installed, Global, 2014
4. Total PV Materials Market: Percent Revenue Breakdown, Global, 2015
5. Total PV Materials Market: Percent Revenue Breakdown, Global, 2022
6. Total PV Materials Market: Market Engineering Measurements, Global, 2015
7. Total PV Materials Market: Unit Shipment and Revenue Forecast, Global, 2012–2022
8. Total PV Materials Market: Average Price Forecast, Global, 2012–2022
9. Total PV Materials Market: Value Chain and Market Distribution Channels, Global, 2015
10. Total Frontsheets Market: Percent Sales Breakdown by Region, Global, 2015
11. Total Frontsheets Market: Unit Shipment and Revenue Forecast, Global, 2012–2022
12. Total Frontsheets Market: Percent Revenue Breakdown by Product, Global, 2015
13. Total Frontsheets Market: Percent Revenue Forecast by Product, Global, 2022
14. Total Frontsheets Market: Percent Sales Breakdown, Global, 2015
15. Total Frontsheets Market: Competitive Structure, Global, 2015
16. Frontsheets Market: Unit Shipment and Revenue Forecast, Europe, 2012–2022
17. Frontsheets Market: Average Price Forecast, Europe, 2012–2022
18. Frontsheets Market: Unit Shipment and Revenue Forecast, North America, 2012–2022
19. Frontsheets Market: Average Price Forecast, North America, 2012–2022
20. Frontsheets Market: Revenue Forecast, APAC, 2012–2022
21. Frontsheets Market: Average Price Forecast, APAC, 2012–2022
22. Backsheets Market: Percent Sales Breakdown by Region, Global, 2015
23. Total Backsheets Market: Unit Shipment and Revenue Forecast, Global, 2012–2022
24. Backsheets Market: Percent Revenue Breakdown by Product, Global, 2015
25. Backsheets Market: Percent Revenue Forecast by Product, Global, 2022
26. Total Backsheets Market: Percent Sales Breakdown, Global, 2015
27. Backsheets Market: Unit Shipment and Revenue Forecast, Europe, 2012–2022
28. Backsheets Market: Average Price Forecast, Europe, 2012–2022
29. Backsheets Market: Unit Shipment and Revenue Forecast, North America, 2012–2022
30. Backsheets Market: Average Price Forecast, North America, 2012–2022
31. Backsheets Market: Unit Shipment Revenue Forecast, APAC, 2012–2022
32. Backsheets Market: Average Price Forecast, APAC, 2012–2022
33. Total Encapsulants Market: Percent Sales Breakdown by Region, Global, 2015
34. Total Encapsulants Market: Revenue Forecast, Global, 2012–2022
35. Encapsulants Market: Percent Revenue Breakdown by Product, Global, 2015
36. Encapsulants Market: Percent Revenue Forecast by Product, Global, 2022
37. Total Encapsulants Market: Percent Sales Breakdown, Global, 2015
38. Encapsulants Market: Revenue Forecast, Europe, 2012–2022
39. Encapsulants Market: Average Price Forecast, Europe, 2012–2022
40. Encapsulants Market: Unit Shipment and Revenue Forecast, North America, 2012–2022
41. Encapsulants Market: Average Price Forecast, North America, 2012–2022
42. Encapsulants Market: Unit Shipment and Revenue Forecast, APAC, 2012–2022
43. Encapsulants Market: Average Price Forecast, APAC, 2012–2022



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