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Photovoltaic Materials-Global Market Insights and Sales Trends 2025
Synopsis
Materials used in photovoltaic devices are usually silicon (monocrystalline, polycrystalline or amorphous), gallium arsenide, metal chalcogenides and organometallics. Recently, mesoscopic solar cells have made an impact in commercial markets.
The global Photovoltaic Materials market size is expected to reach US$ 17220 million by 2029, growing at a CAGR of 4.3% from 2023 to 2029. The market is mainly driven by the significant applications of Photovoltaic Materials in various end use industries. The expanding demands from the Utility, Commercial and Residential,, are propelling Photovoltaic Materials market. Crystalline Materials, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Thin Film segment is estimated at % CAGR for the next seven-year period.
It is expected that global demand for photovoltaic products will remain high in the next few years. According to our PV & Solar Research Center, by the end of 2022, the global cumulative installed photovoltaic power generation capacity is about 1180 GW. According to the data of China Photovoltaic Industry Association, the global newly installed photovoltaic capacity in 2022 is about 230 GW, and this number in 2023 is predicted to be 280-330 GW. According to the data of the Ministry of Industry and Information Technology, the total output value of China's photovoltaic industry exceeded 1.4 trillion yuan in 2022. From the perspective of production value, mainland China is still the global center of the PV industry. According to the International Energy Agency, China market share in all key products of the supply chain have exceeded 80%. Among them, the production capacity of silicon wafers, solar cells, and components accounts for as high as 98%, 85% and 77%, respectively. According to the data released by the European Photovoltaic Association, 27 EU countries gained a new PV installed capacity of 41.4 GW in 2022. According to the report of the US Solar Energy Industries Association (SEIA), the US held a new PV installed capacity of less than 19 GW in 2022. But it is estimated that from 2023, the average annual growth rate of new photovoltaic installed capacity will exceed 21%. In terms of Japan, based on data from Fitch and the US Energy Information Administration (EIA), in 2022, Japan's newly installed photovoltaic capacity was 3.42 GW.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Photovoltaic Materials, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Photovoltaic Materials market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Photovoltaic Materials market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Photovoltaic Materials sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Photovoltaic Materials covered in this report include DowDuPont, Bandgap, Engineering 1366 Technologies, Natcore, Targray, SolarBuyer, Polyrise, Ferrotec and Applied Materials, etc.
The global Photovoltaic Materials market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
DowDuPont
Bandgap
Engineering 1366 Technologies
Natcore
Targray
SolarBuyer
Polyrise
Ferrotec
Applied Materials
Sinovia Technologies
Cencorp
Global Photovoltaic Materials market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Photovoltaic Materials market, Segment by Type:
Crystalline Materials
Thin Film
Others
Global Photovoltaic Materials market, by Application
Utility
Commercial
Residential
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Photovoltaic Materials manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Photovoltaic Materials in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Materials used in photovoltaic devices are usually silicon (monocrystalline, polycrystalline or amorphous), gallium arsenide, metal chalcogenides and organometallics. Recently, mesoscopic solar cells have made an impact in commercial markets.
The global Photovoltaic Materials market size is expected to reach US$ 17220 million by 2029, growing at a CAGR of 4.3% from 2023 to 2029. The market is mainly driven by the significant applications of Photovoltaic Materials in various end use industries. The expanding demands from the Utility, Commercial and Residential,, are propelling Photovoltaic Materials market. Crystalline Materials, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Thin Film segment is estimated at % CAGR for the next seven-year period.
It is expected that global demand for photovoltaic products will remain high in the next few years. According to our PV & Solar Research Center, by the end of 2022, the global cumulative installed photovoltaic power generation capacity is about 1180 GW. According to the data of China Photovoltaic Industry Association, the global newly installed photovoltaic capacity in 2022 is about 230 GW, and this number in 2023 is predicted to be 280-330 GW. According to the data of the Ministry of Industry and Information Technology, the total output value of China's photovoltaic industry exceeded 1.4 trillion yuan in 2022. From the perspective of production value, mainland China is still the global center of the PV industry. According to the International Energy Agency, China market share in all key products of the supply chain have exceeded 80%. Among them, the production capacity of silicon wafers, solar cells, and components accounts for as high as 98%, 85% and 77%, respectively. According to the data released by the European Photovoltaic Association, 27 EU countries gained a new PV installed capacity of 41.4 GW in 2022. According to the report of the US Solar Energy Industries Association (SEIA), the US held a new PV installed capacity of less than 19 GW in 2022. But it is estimated that from 2023, the average annual growth rate of new photovoltaic installed capacity will exceed 21%. In terms of Japan, based on data from Fitch and the US Energy Information Administration (EIA), in 2022, Japan's newly installed photovoltaic capacity was 3.42 GW.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Photovoltaic Materials, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Photovoltaic Materials market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Photovoltaic Materials market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Photovoltaic Materials sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Photovoltaic Materials covered in this report include DowDuPont, Bandgap, Engineering 1366 Technologies, Natcore, Targray, SolarBuyer, Polyrise, Ferrotec and Applied Materials, etc.
The global Photovoltaic Materials market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
DowDuPont
Bandgap
Engineering 1366 Technologies
Natcore
Targray
SolarBuyer
Polyrise
Ferrotec
Applied Materials
Sinovia Technologies
Cencorp
Global Photovoltaic Materials market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Photovoltaic Materials market, Segment by Type:
Crystalline Materials
Thin Film
Others
Global Photovoltaic Materials market, by Application
Utility
Commercial
Residential
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Photovoltaic Materials manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Photovoltaic Materials in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Photovoltaic Materials Market Overview
1.1 Photovoltaic Materials Product Overview
1.2 Photovoltaic Materials Market Segment by Type
1.2.1 Crystalline Materials
1.2.2 Thin Film
1.2.3 Others
1.3 Global Photovoltaic Materials Market Size by Type
1.3.1 Global Photovoltaic Materials Market Size Overview by Type (2018-2029)
1.3.2 Global Photovoltaic Materials Historic Market Size Review by Type (2018-2023)
1.3.3 Global Photovoltaic Materials Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Photovoltaic Materials Sales Breakdown by Type (2018-2023)
1.4.2 Europe Photovoltaic Materials Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Photovoltaic Materials Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Photovoltaic Materials Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Photovoltaic Materials Sales Breakdown by Type (2018-2023)
2 Global Photovoltaic Materials Market Competition by Company
2.1 Global Top Players by Photovoltaic Materials Sales (2018-2023)
2.2 Global Top Players by Photovoltaic Materials Revenue (2018-2023)
2.3 Global Top Players by Photovoltaic Materials Price (2018-2023)
2.4 Global Top Manufacturers Photovoltaic Materials Manufacturing Base Distribution, Sales Area, Product Type
2.5 Photovoltaic Materials Market Competitive Situation and Trends
2.5.1 Photovoltaic Materials Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Photovoltaic Materials Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Photovoltaic Materials as of 2022)
2.7 Date of Key Manufacturers Enter into Photovoltaic Materials Market
2.8 Key Manufacturers Photovoltaic Materials Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Photovoltaic Materials Status and Outlook by Region
3.1 Global Photovoltaic Materials Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Photovoltaic Materials Historic Market Size by Region
3.2.1 Global Photovoltaic Materials Sales in Volume by Region (2018-2023)
3.2.2 Global Photovoltaic Materials Sales in Value by Region (2018-2023)
3.2.3 Global Photovoltaic Materials Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Photovoltaic Materials Forecasted Market Size by Region
3.3.1 Global Photovoltaic Materials Sales in Volume by Region (2024-2029)
3.3.2 Global Photovoltaic Materials Sales in Value by Region (2024-2029)
3.3.3 Global Photovoltaic Materials Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Photovoltaic Materials by Application
4.1 Photovoltaic Materials Market Segment by Application
4.1.1 Utility
4.1.2 Commercial
4.1.3 Residential
4.2 Global Photovoltaic Materials Market Size by Application
4.2.1 Global Photovoltaic Materials Market Size Overview by Application (2018-2029)
4.2.2 Global Photovoltaic Materials Historic Market Size Review by Application (2018-2023)
4.2.3 Global Photovoltaic Materials Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Photovoltaic Materials Sales Breakdown by Application (2018-2023)
4.3.2 Europe Photovoltaic Materials Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Photovoltaic Materials Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Photovoltaic Materials Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Photovoltaic Materials Sales Breakdown by Application (2018-2023)
5 North America Photovoltaic Materials by Country
5.1 North America Photovoltaic Materials Historic Market Size by Country
5.1.1 North America Photovoltaic Materials Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Photovoltaic Materials Sales in Volume by Country (2018-2023)
5.1.3 North America Photovoltaic Materials Sales in Value by Country (2018-2023)
5.2 North America Photovoltaic Materials Forecasted Market Size by Country
5.2.1 North America Photovoltaic Materials Sales in Volume by Country (2024-2029)
5.2.2 North America Photovoltaic Materials Sales in Value by Country (2024-2029)
6 Europe Photovoltaic Materials by Country
6.1 Europe Photovoltaic Materials Historic Market Size by Country
6.1.1 Europe Photovoltaic Materials Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Photovoltaic Materials Sales in Volume by Country (2018-2023)
6.1.3 Europe Photovoltaic Materials Sales in Value by Country (2018-2023)
6.2 Europe Photovoltaic Materials Forecasted Market Size by Country
6.2.1 Europe Photovoltaic Materials Sales in Volume by Country (2024-2029)
6.2.2 Europe Photovoltaic Materials Sales in Value by Country (2024-2029)
7 Asia-Pacific Photovoltaic Materials by Region
7.1 Asia-Pacific Photovoltaic Materials Historic Market Size by Region
7.1.1 Asia-Pacific Photovoltaic Materials Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Photovoltaic Materials Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Photovoltaic Materials Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Photovoltaic Materials Forecasted Market Size by Region
7.2.1 Asia-Pacific Photovoltaic Materials Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Photovoltaic Materials Sales in Value by Region (2024-2029)
8 Latin America Photovoltaic Materials by Country
8.1 Latin America Photovoltaic Materials Historic Market Size by Country
8.1.1 Latin America Photovoltaic Materials Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Photovoltaic Materials Sales in Volume by Country (2018-2023)
8.1.3 Latin America Photovoltaic Materials Sales in Value by Country (2018-2023)
8.2 Latin America Photovoltaic Materials Forecasted Market Size by Country
8.2.1 Latin America Photovoltaic Materials Sales in Volume by Country (2024-2029)
8.2.2 Latin America Photovoltaic Materials Sales in Value by Country (2024-2029)
9 Middle East and Africa Photovoltaic Materials by Country
9.1 Middle East and Africa Photovoltaic Materials Historic Market Size by Country
9.1.1 Middle East and Africa Photovoltaic Materials Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Photovoltaic Materials Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Photovoltaic Materials Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Photovoltaic Materials Forecasted Market Size by Country
9.2.1 Middle East and Africa Photovoltaic Materials Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Photovoltaic Materials Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 DowDuPont
10.1.1 DowDuPont Company Information
10.1.2 DowDuPont Introduction and Business Overview
10.1.3 DowDuPont Photovoltaic Materials Sales, Revenue and Gross Margin (2018-2023)
10.1.4 DowDuPont Photovoltaic Materials Products Offered
10.1.5 DowDuPont Recent Development
10.2 Bandgap
10.2.1 Bandgap Company Information
10.2.2 Bandgap Introduction and Business Overview
10.2.3 Bandgap Photovoltaic Materials Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Bandgap Photovoltaic Materials Products Offered
10.2.5 Bandgap Recent Development
10.3 Engineering 1366 Technologies
10.3.1 Engineering 1366 Technologies Company Information
10.3.2 Engineering 1366 Technologies Introduction and Business Overview
10.3.3 Engineering 1366 Technologies Photovoltaic Materials Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Engineering 1366 Technologies Photovoltaic Materials Products Offered
10.3.5 Engineering 1366 Technologies Recent Development
10.4 Natcore
10.4.1 Natcore Company Information
10.4.2 Natcore Introduction and Business Overview
10.4.3 Natcore Photovoltaic Materials Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Natcore Photovoltaic Materials Products Offered
10.4.5 Natcore Recent Development
10.5 Targray
10.5.1 Targray Company Information
10.5.2 Targray Introduction and Business Overview
10.5.3 Targray Photovoltaic Materials Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Targray Photovoltaic Materials Products Offered
10.5.5 Targray Recent Development
10.6 SolarBuyer
10.6.1 SolarBuyer Company Information
10.6.2 SolarBuyer Introduction and Business Overview
10.6.3 SolarBuyer Photovoltaic Materials Sales, Revenue and Gross Margin (2018-2023)
10.6.4 SolarBuyer Photovoltaic Materials Products Offered
10.6.5 SolarBuyer Recent Development
10.7 Polyrise
10.7.1 Polyrise Company Information
10.7.2 Polyrise Introduction and Business Overview
10.7.3 Polyrise Photovoltaic Materials Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Polyrise Photovoltaic Materials Products Offered
10.7.5 Polyrise Recent Development
10.8 Ferrotec
10.8.1 Ferrotec Company Information
10.8.2 Ferrotec Introduction and Business Overview
10.8.3 Ferrotec Photovoltaic Materials Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Ferrotec Photovoltaic Materials Products Offered
10.8.5 Ferrotec Recent Development
10.9 Applied Materials
10.9.1 Applied Materials Company Information
10.9.2 Applied Materials Introduction and Business Overview
10.9.3 Applied Materials Photovoltaic Materials Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Applied Materials Photovoltaic Materials Products Offered
10.9.5 Applied Materials Recent Development
10.10 Sinovia Technologies
10.10.1 Sinovia Technologies Company Information
10.10.2 Sinovia Technologies Introduction and Business Overview
10.10.3 Sinovia Technologies Photovoltaic Materials Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Sinovia Technologies Photovoltaic Materials Products Offered
10.10.5 Sinovia Technologies Recent Development
10.11 Cencorp
10.11.1 Cencorp Company Information
10.11.2 Cencorp Introduction and Business Overview
10.11.3 Cencorp Photovoltaic Materials Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Cencorp Photovoltaic Materials Products Offered
10.11.5 Cencorp Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Photovoltaic Materials Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Photovoltaic Materials Industrial Chain Analysis
11.4 Photovoltaic Materials Market Dynamics
11.4.1 Photovoltaic Materials Industry Trends
11.4.2 Photovoltaic Materials Market Drivers
11.4.3 Photovoltaic Materials Market Challenges
11.4.4 Photovoltaic Materials Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Photovoltaic Materials Distributors
12.3 Photovoltaic Materials Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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