Solar Panel Bonding Adhesives Market was valued at USD 1.5 Billion in 2022 and is projected to reach USD 2.8 Billion by 2030, growing at a CAGR of 8.5% from 2024 to 2030.
The global solar panel bonding adhesives market has witnessed significant growth from 2018 to 2022, driven by the expanding solar energy industry and increasing demand for clean energy solutions. Bonding adhesives are crucial for securing solar cells and modules together, offering durability, flexibility, and high resistance to environmental stress. These adhesives have become an integral part of solar panel production, contributing to the efficiency and longevity of solar energy systems. The period between 2018 and 2022 saw a rise in the development of advanced adhesive technologies, with increased focus on eco-friendly and high-performance solutions.
During this period, technological advancements played a pivotal role in shaping the market. Notably, the evolution of UV-curing and thermoset adhesives allowed for improved bonding strength, better resistance to extreme weather conditions, and enhanced energy efficiency in solar panels. The shift towards more sustainable materials and formulations, including biodegradable adhesives and eco-friendly manufacturing processes, also contributed to market growth. As governments across the globe implemented policies and incentives to encourage the use of renewable energy, the solar panel bonding adhesives market benefitted from the broader adoption of solar technologies.
Looking ahead from 2023 to 2033, the demand for solar panel bonding adhesives is expected to continue expanding due to the rapid growth in solar energy capacity worldwide. As the cost of solar panels decreases and their adoption rises, the demand for bonding adhesives will mirror this trend. It is projected that by 2033, the market will see a surge in demand from new regions adopting solar technologies and from increasingly large-scale solar projects. Additionally, ongoing research into adhesive formulations will likely lead to even more robust and cost-effective solutions, enhancing the performance and competitiveness of solar panels in the renewable energy sector.
The trend towards the development of lightweight, high-strength adhesives will likely become a key driver in the market. These adhesives not only support the durability of solar panels but also contribute to reducing the weight and improving the energy efficiency of the panels. Moreover, as sustainability continues to be a major focus, the production of solar panel bonding adhesives will increasingly prioritize environmentally friendly materials and processes to reduce the carbon footprint of solar panel manufacturing.
Get an In-Depth Research Analysis of the Global Solar Panel Bonding Adhesives Market Size And Forecast [2025-2032]
3M Company
H.B. Fuller
Evonik Industries
Epic Resins
Dow Corning Corporation
Henkel
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
Get Discount On The Purchase of the Global Solar Panel Bonding Adhesives Market Size And Forecast [2025-2032]
Growing demand for below applications around the world has had a direct impact on the growth of the Global Solar Panel Bonding Adhesives Market
Commercial
Residential
Based on Types the Market is categorized into Below types that held the largest Solar Panel Bonding Adhesives market share In 2023.
Epoxy
Polyurethane
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
For More Information or Query, Visit @ Solar Panel Bonding Adhesives Market Research Analysis
1. Introduction of the Global Solar Panel Bonding Adhesives Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Solar Panel Bonding Adhesives Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Solar Panel Bonding Adhesives Market, By Type
6. Global Solar Panel Bonding Adhesives Market, By Application
7. Global Solar Panel Bonding Adhesives Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Solar Panel Bonding Adhesives Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
About Us: Verified Market Reports
Verified Market Reports is a leading Global Research and Consulting firm servicing over 5000+ global clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768
Website: https://www.verifiedmarketreports.com/