The globe Industry for coating solar modules generated $2.1 billion in 2020 and is expected to generate $15.7 billion by 2030 CAGR of 22.4% From 2021 to 2030. Allied Market Research published a report titled “Solar Panel Coatings Market by Type (Anti-Reflective, Hydrophobic, Self-Cleaning, Stain-Repellent, Abrasion-Resistant, and Others) and Application (Residential, Commercial, Energy, Agricultural, Automotive, and Others) : Global Opportunity Analysis and Industry Forecast, 2021–2030”.

Main determinants of growth

The rise in applications and widespread use of solar energy, as well as government support measures to promote solar energy, are driving the growth of the global solar panel coatings market. However, high cost of solar panel coatings is hampering market growth. On the other hand, increasing investment in solar energy research and development offers new opportunities in the coming years.

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Leading Market Players:-

• Arkema group
• Advanced nanotech lab
• Diamon Fusion International Inc.
• Fenzi SpA
• Royal DSM NV
• Nanoman, Nanopool GmbH
• PPG Industries Inc.
• Unelko Corporation

Covid-19 scenario

• The outbreak of the Covid-19 pandemic has negatively impacted the global solar panel coating market.
• The implementation of the lockdown caused disruptions in the supply chain, due to which manufacturers faced improper transport of raw materials.
• All offices, hotels, etc. were temporarily closed, which in turn led to a decrease in electricity consumption. This led to a drop in demand in the solar panel industry market.

The hydrophobic segment is projected to maintain its leadership status throughout the forecast period

Based on type, the hydrophobic segment held the highest market share and accounted for one-third of the global solar panel coatings market in 2020 and is estimated to maintain its leading position throughout the forecast…