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Solar Cell Paste Market: Overview

 Solar cell paste is a conductive material applied on solar wafer. It consists of organic and inorganic elements scattered evenly to form a viscous paste. The organic component plays the role of carrier, which after evaporation, leaves a layer of inorganic based inks on the solar cell. Inorganic components present in the paste provide different functions. For instance, Ag (silver) powder added to paste increases the rate of conductivity of solar cells. The ability to customize the content of solar cell paste can enhance features such as adhesion strength, better line conductivity, better aspect ratio, and better manufacturing processing phase window.

The application of solar cell paste to the solar cell certainly improves features of the solar cell. The improvements directly do not increase the efficiency of electrical current transfer, but improves the overall operation of the solar cell. Generally, the use of silver solar cell paste leads to an increase in efficiency in range of 0.2%-0.4% over standard monocrystalline silicon solar cell paste. Thin film solar cells, such as copper indium gallium selenide (CIGS) and cadmium telluride (CdTe), have low efficiency compared to monocrystalline solar cells. The efficiency of thin film solar cell can be increased by using solar cell paste.

Solar Cell Paste Market: Key Segmentation

The solar cell paste market can be segmented based on type and region. In terms of type, the solar cell paste market can be divided into aluminum (Al) solar cell paste, front-side silver (Ag) solar cell paste, and back-side silver (Ag) solar cell paste. The aluminum (Al) solar cell paste is applied on the rear side of the solar cell which helps make a uniform, high quality back surface field for single and multi-crystalline solar cells. Uniform back surface field and good adhesion of the solar wafer yields better efficiency than other commercially available solar paste. Aluminum solar cell paste delivers low bowing, excellent efficiency, high material compatibility, and better adhesion. The formulation of the paste can also be customized.

Silver solar cell paste is divided into front side and back side. Front side silver solar paste is ideal for lightly doped emitter design. It offers fine line resolution and good aspect ratio. Front side silver solar paste has high adhesion capacity and high soldering capacity. It captures high efficiency and has wider processing window. The paste is used in a wide range of sheet emitter wafers. Back side silver solar paste offers good soldering capacity and lowers material consumption in solar PV cell manufacturing. The paste has high compatibility with silicone wafer, high adhesion, and is co-firable with front silver paste and back aluminum paste.

Solar Cell Paste Market: Regional Outlook

Based on region, the global solar cell paste market can be segregated into North America, Europe, Latin America, Middle East & Africa, and Asia Pacific. Asia Pacific is projected to lead the global solar cell paste market during the forecast period, as the investment in solar power is increasing in China and India.  The solar cell paste market in North America and Europe is likely to expand at a rapid pace during the forecast period. Latin America and Middle East & Africa are expected to hold moderate share of the global solar cell paste market during the forecast period.

Solar Cell Paste Market: Key Players

Key players operating in the solar cell paste market include DuPont, Heraeus Holding, NORITAKE CO., LIMITED, Giga Solar Materials Corp., NAMICS CORPORATION., Dongjin Semichem Co., Ltd., Targray, and Daejoo Electronic Materials.

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Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

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  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

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Below is a snapshot of these quadrants.

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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

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The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

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Solar Cell Paste Market