Photovoltaic Materials Market Analysis Till 2026: Kaneka North America, Kyocera International, American Elements, 1366 Technologies, Merck Group, Honeywell, Coveme

“Photovoltaic Materials Market”
Global photovoltaic materials market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market.

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This report studies the global market size of Reagent in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption of Reagent in these regions.


Key Developments in the Market:

  • In May 2018, Vikram Solar Limited announced the establishment and inauguration of a corporate office in Gurugram, Haryana, India. This expansion is aimed at expanding the customer base and expanding its customer share in the northern part of India.
  • In December 2017, Duke Energy Corporation announced that they had completed the acquisition of REC Solar, with the acquisition enabling the companies to better serve the customer base and expand their market share due to the expertise of both the companies in the renewable energy business.

Key Market Competitors: 

  • Kaneka Corporation,
  • KYOCERA Corporation,
  • Mitsubishi Electric Corporation,
  • DuPont,
  • American Elements,
  • 1366 Technologies,
  • Merck KGaA,
  • Honeywell International Inc.,
  • Coveme,
  • Targray,
  • Novaled GmbH,
  • Ferrotec (USA) Corporation,

Few of the major competitors currently working in the photovoltaic materials market are HANGZHOU FIRST APPLIED MATERIAL CO.LTD., Wacker Chemie AG, ARMOR, Tata Power Solar Systems Ltd., Vikram Solar Limited, Conergy, Panasonic Corporation, SHARP CORPORATION, First Solar, Trina Solar, Jinko Solar, Jingao Solar Holdings Co. Ltd., Hanwha Q CELLS, Renesola, Yingli Solar, Duke Energy Corporation, Shunfeng International Clean Energy Limited, and RISEN ENERGY CO. LTD.


Photovoltaics can be defined as the process of conversion of light into electricity with the help of semiconductor materials present in the photovoltaic cells that are present in the solar panels. These panels are required for the utilization of solar energy and these panels can be mounted on a number of surfaces as per the availability of space. The materials included in the production of these solar cells in the panels can be defined as photovoltaic materials.


Market Drivers:

  • Concerns regarding the environment and clean energy awareness are few of the factors that are expected to drive the market growth
  • Government initiatives and programs to promote renewable energy and its market share in the company is also expected to drive the market growth

Market Restraints:

  • High cost and requirements of a number of other resources for the installation of solar cells is expected to act as a restraint to the market growth
  • High set-up cost and entry barriers for the manufacturers is also expected to restrain the market growth
  • By Materials
  • Polycrystalline Silicon
  • Monocrystalline Silicon
  • Copper Indium Gallium Selenide (CIGS)
  • Cadmium Telluride
  • Others



  • Front Sheet
  • Encapsulant
  • Back Sheet
  • Others

 By Application

  • Residential
  • Non-Residential
  • Utility

 By Geography

  • North America
  • South America
  • Europe
  • Asia-Pacific
  • Middle East & Africa


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