Reports Coverage
Plastics in Solar Panel Market Key Insights
Plastics in Solar Panel Market Analysis by Regions
Plastics in Solar Panel Market Analysis by Segments
Plastics in Solar Panel Market Size (current and future)
Plastics in Solar Panel Market Competitive Benchmarking
2 years ago
The North America plastics in solar panels market is projected to register healthy growth during the forecast period, 2021–2030. The market was valued at USD 627.40 million in 2020 and is projected to register a CAGR of 29.75% to reach USD 7,736.26 million by the end of 2030. In terms of volume, the market was sized at 381.34 thousand tons in 2020 and is likely to exhibit a CAGR of 27.24% to re...
Plastics are widely used in solar panel markets due to their low cost, durability, and flexibility. Solar panels are made up of an array of Solar cells that are typically made of crystalline silicon, which is a brittle material. Plastics are often used as a support structure for solar cells, as well as for the casing and wiring of the panel.
The global market for plastics in solar panels was estimated to be worth USD XX billion in 2018 and is expected to grow at a CAGR of **% from 2019 to 2031. plastics in solar panels, followed by North America and Europe. The growing demand for renewable energy sources, such as solar power, is the major driver for market growth.
With the increase in awareness about the benefits of solar energy, there has been a surge in demand for solar panels globally. Use of plastics in solar panel components, as they are lightweight, durable cost-effective. Solar panels are polycarbonate, polyurethane, and fluoropolymers.
Polycarbonate is one of the most widely used materials in solar panel manufacturing due to its high impact resistance and transparency. It is also UV resistant, making it ideal for outdoor applications. Polyurethane is another popular material used in solar panel manufacturing due to its flexibility, which allows it to be used in a variety of applications, such as flexible photovoltaic (PV) modules. Fluoropolymers are also increasingly being used in solar panel components due to their excellent heat resistance and UV stability properties.
The plastics used in solar panels are typically polymers, including polyethylene (PE), polypropylene (PP), and fluoropolymers. These materials provide superior durability and resistance to environmental degradation, making them ideal for use in solar panels. The market for plastics in solar panel applications as the demand for solar panels increases.
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