Silver Paste Market with COVID-19 Impact Analysis, By Type (Front Side Silver Paste Back Side Silver Paste), By Application (Polycrystalline Silicon Solar Cell Monocrystalline Silicon Solar Cell), and by Region (NA, EU, APAC, LA, MEA) Analysis, Size, Share, Trends, & Forecast from 2021-2027
REPORT HIGHLIGHT
The global Silver Paste market was valued at USD 2,800.7 Million in 2020, growing with 5.4% CAGR during the forecast period, 2021-2027.
Silver paste refers to a form of conductive adhesive, which contains silver nanoparticles as the primary ingredient. These pastes are highly electrically and thermally conductive and show numerous beneficial properties consisting of extreme and fast-curing adhesion, making them appropriate for myriad industrial applications.
Market Dynamics
The increasing focus on renewable energy such as solar, wind, and others across the globe is expected to drive the growth of the market during the forecast period. For instance, In May 2021, the U.S. DOE (Department of Energy) introduced numerous new efforts to help the growth of renewable energy in the region. This covered investment worth USD 15.5 Million geared toward addressing barriers to sun deployment, extending access to clean energy throughout moderate- and low-income families in addition to cultivating a numerous solar workforce. This growing demand for solar power is useful to silver paste industry expansion considering that silver is a key component in the fabrication of solar PV panels.
Regional Analysis
Based on region, the global silver paste market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Europe is projected to dominate the silver paste market during the forecast period. The growth in the region is attributed to the increasing focus on renewable energy.
Segmentation Analysis
Based on type, the silver paste market is segmented into front side silver paste and back side silver paste. The backside silver paste segment is expected to hold the major market share during the forecast period. The growth in the segment is attributed to its benefits such as it helps in reducing the overall cost and helps in maintaining excellent performance. Moreover, the backside silver paste provides excellent solderability with high adhesion strength. Thus, these benefits penetrate the growth of the segment during the forecast period.
COVID-19 Impact Analysis
The COVID-19 pandemic significantly impacted various industries such as oil & gas, retail, manufacturing, and others. This is due to the strict lockdown imposed by the government across the globe. Moreover, the disruption in the supply chain of the product and services across the globe resulted in a significant impact on these industries. However, the silver paste market was positively influenced by the COVID-19 pandemic due to the newly added solar capacity. Despite COVID-19 disruptions, the photovoltaic market remained resilient during 2020, with newly introduced solar capacity anticipated to have crossed nearly 130GW for the first time in history. With over 18 countries reaching the 1GW mark, and the upward push of silver offtake in PV surpassing 101.0Moz (3,142t) in 2020, the speedy growth of the PV industry should considerably enhance the silver paste market dynamic.
Competitive Landscape
The key player adopted various strategies to sustain in the market such as merger & acquisition, consolidation, investment, partnership, product launch, and divestment. For instance, TANAKA Kikinzoku Kogyo K.K. launched low-temperature sintering nano-silver paste for printed wiring in October 2021. This product enables miniaturization and improved bending resistance of wiring for use in screen printing, which a mainstream is printing method used in the field of printed electronics. In June 2021, leading PV metallization solutions company Heraeus Photovoltaics introduced a range of superior metallization pastes, together with the SOL 8 Series Silver Pastes, to aid cell producers in their efforts to enhance efficiency and performance-to-price ratios.
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL SILVER PASTE MARKET KEY PLAYERS
- 3M
- AG PRO TECHNOLOGY CORP.
- Cermet Materials, Inc.
- CHIMET
- DuPont
- Henkel AG & Company KGaA
- Heraeus Holding
- Johnson Matthey
- Metalor
- Targray Technology International Inc.
- KYOCERA Corporation
- Ferro Corporation
- SAMSUNG SDI CO.,LTD.
- Murata Manufacturing Co., Ltd.
- Fukuda Metal Foil & Powder Company
GLOBAL SILVER PASTE MARKET, BY TYPE
- Front Side Silver Paste
- Back Side Silver Paste
GLOBAL SILVER PASTE MARKET, BY APPLICATION
- Polycrystalline Silicon Solar Cell
- Monocrystalline Silicon Solar Cell
- Others
GLOBAL SILVER PASTE MARKET, BY REGION
- North America
- The U.S.
- Canada
- Europe
- Germany
- France
- Italy
- Spain
- United Kingdom
- Rest of Europe
- Asia Pacific
- India
- China
- South Korea
- Japan
- Singapore
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of LATAM
- The Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Rest of MEA
1. Silver Paste Market Overview
1.1. Study Scope
2. Executive Summary
2.1. Market Snippet
2.1.1. Market Snippet by Type
2.1.2. Market Snippet by Application
2.1.3. Market Snippet by Region
2.2. Competitive Insights
3. Silver Paste Key Market Trends
3.1. Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Market Opportunities
3.4. Market Future Trends
4. Silver Paste Industry Study
4.1. Porter’s Five Forces Analysis
4.2. Marketing Strategy Analysis
4.3. Growth Prospect Mapping
4.4. Regulatory Framework Analysis
5. Silver Paste Market: COVID-19 Impact Analysis
5.1. Pre-COVID-19 Impact Analysis
5.2. Post-COVID-19 Impact Analysis
5.2.1. Top Performing Segments
5.2.2. Marginal Growth Segments
5.2.3. Top Looser Segments
5.2.4. Marginal Loss Segments
6. Silver Paste Market Landscape
6.1. Market Share Analysis, 2020
6.2. Key Innovators Analysis
6.3. Breakdown Data, by Key Manufacturer
6.3.1. Established Players’ Analysis
6.3.2. Emerging Players’ Analysis
7. Silver Paste Market – By Type
7.1. Overview
7.1.1. Segment Share Analysis, Type, 2020 & 2027 (%)
7.2. Front Side Silver Paste
7.3. Back Side Silver Paste
8. Silver Paste Market – By Application
8.1. Overview
8.1.1. Segment Share Analysis, Application, 2020 & 2027 (%)
8.2. Polycrystalline Silicon Solar Cell
8.3. Monocrystalline Silicon Solar Cell
8.4. Others
9. Silver Paste Market– By Geography
9.1. Introduction
9.1.1. Segment Share Analysis, By Geography, 2020 & 2027 (%)
9.2. North America
9.2.1. Overview
9.2.2. Key Manufacturers in North America
9.2.3. North America Market Size and Forecast, By Country, 2016 - 2027 (US$ Million)
9.2.4. North America Market Size and Forecast, By Type, 2016 - 2027 (US$ Million)
9.2.5. North America Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
9.2.6. U.S.
9.2.6.1. Overview
9.2.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
9.2.6.3. U.S. Market Size and Forecast, By Type, 2016 - 2027 (US$ Million)
9.2.6.4. U.S. Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
9.2.7. Canada
9.2.7.1. Overview
9.2.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
1.1.1.1. Canada Market Size and Forecast, By Type, 2016 - 2027 (US$ Million)
1.1.1.2. Canada Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
9.3. Europe
9.3.1. Overview
9.3.2. Key Manufacturers in Europe
9.3.3. Europe Market Size and Forecast, By Country, 2016 - 2027 (US$ Million)
9.3.4. Europe Market Size and Forecast, By Type, 2016 - 2027 (US$ Million)
9.3.5. Europe Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
9.3.6. Germany
9.3.6.1. Overview
9.3.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
9.3.6.3. Germany Market Size and Forecast, By Type, 2016 - 2027 (US$ Million)
9.3.6.4. Germany Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
9.3.7. Italy
9.3.7.1. Overview
9.3.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
9.3.7.3. Italy Market Size and Forecast, By Type, 2016 - 2027 (US$ Million)
9.3.7.4. Italy Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
9.3.8. United Kingdom
9.3.8.1. Overview
9.3.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
9.3.8.3. United Kingdom Market Size and Forecast, By Type, 2016 - 2027 (US$ Million)
9.3.8.4. United Kingdom Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
9.3.9. France
9.3.9.1. Overview
9.3.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
9.3.9.3. France Market Size and Forecast, By Type, 2016 - 2027 (US$ Million)
9.3.9.4. France Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
9.3.10. Rest of Europe
9.3.10.1. Overview
9.3.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
9.3.10.3. Rest of the Europe Market Size and Forecast, By Type, 2016 - 2027 (US$ Million)
9.3.10.4. Rest of the Europe Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
9.4. Asia Pacific (APAC)
9.4.1. Overview
9.4.2. Key Manufacturers in Asia Pacific
9.4.3. Asia Pacific Market Size and Forecast, By Country, 2016 - 2027 (US$ Million)
9.4.4. Asia Pacific Market Size and Forecast, By Type, 2016 - 2027 (US$ Million)
9.4.5. Asia Pacific Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
9.4.6. India
9.4.6.1. Overview
9.4.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
9.4.6.3. India Market Size and Forecast, By Type, 2016 - 2027 (US$ Million)
9.4.6.4. India Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
9.4.7. China
9.4.7.1. Overview
9.4.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
9.4.7.3. China Market Size and Forecast, By Type, 2016 - 2027 (US$ Million)
9.4.7.4. China Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
9.4.8. Japan
9.4.8.1. Overview
9.4.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
9.4.8.3. Japan Market Size and Forecast, By Type, 2016 - 2027 (US$ Million)
9.4.8.4. Japan Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
9.4.9. South Korea
9.4.9.1. Overview
9.4.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
9.4.9.3. South Korea Market Size and Forecast, By Type, 2016 - 2027 (US$ Million)
9.4.9.4. South Korea Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
9.4.10. Rest of APAC
9.4.10.1. Overview
9.4.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
9.4.10.3. Rest of APAC Market Size and Forecast, By Type, 2016 - 2027 (US$ Million)
9.4.10.4. Rest of APAC Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
9.5. Latin America
9.5.1. Overview
9.5.2. Key Manufacturers in Latin America
9.5.3. Latin America Market Size and Forecast, By Country, 2016 - 2027 (US$ Million)
9.5.4. Latin America Market Size and Forecast, By Type, 2016 - 2027 (US$ Million)
9.5.5. Latin America Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
9.5.6. Brazil
9.5.6.1. Overview
9.5.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
9.5.6.3. Brazil Market Size and Forecast, By Type, 2016 - 2027 (US$ Million)
9.5.6.4. Brazil Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
9.5.7. Mexico
9.5.7.1. Overview
9.5.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
9.5.7.3. Mexico Market Size and Forecast, By Type, 2016 - 2027 (US$ Million)
9.5.7.4. Mexico Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
9.5.8. Argentina
9.5.8.1. Overview
9.5.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
9.5.8.3. Argentina Market Size and Forecast, By Type, 2016 - 2027 (US$ Million)
9.5.8.4. Argentina Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
9.5.9. Rest of LATAM
9.5.9.1. Overview
9.5.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
9.5.9.3. Rest of LATAM Market Size and Forecast, By Type, 2016 - 2027 (US$ Million)
9.5.9.4. Rest of LATAM Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
9.6. Middle East and Africa
9.6.1. Overview
9.6.2. Key Manufacturers in Middle East and Africa
9.6.3. Middle East and Africa Market Size and Forecast, By Country, 2016 - 2027 (US$ Million)
9.6.4. Middle East and Africa Market Size and Forecast, By Type, 2016 - 2027 (US$ Million)
9.6.5. Middle East and Africa Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
9.6.6. Saudi Arabia
9.6.6.1. Overview
9.6.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
9.6.6.3. Saudi Arabia Market Size and Forecast, By Type, 2016 - 2027 (US$ Million)
9.6.6.4. Saudi Arabia Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
9.6.7. United Arab Emirates
9.6.7.1. Overview
9.6.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
9.6.7.3. United Arab Emirates Market Size and Forecast, By Type, 2016 - 2027 (US$ Million)
9.6.7.4. United Arab Emirates Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
10. Key Vendor Analysis
10.1. Competitive Dashboard
10.2. Company Profiles
10.2.1. 3M
10.2.2. AG PRO TECHNOLOGY CORP.
10.2.3. Cermet Materials, Inc.
10.2.4. CHIMET
10.2.5. DuPont
10.2.6. Henkel AG & Company KGaA
10.2.7. Heraeus Holding
10.2.8. Johnson Matthey
10.2.9. Metalor
10.2.10. Targray Technology International Inc.
10.2.11. KYOCERA Corporation
10.2.12. Ferro Corporation
10.2.13. SAMSUNG SDI CO.,LTD.
10.2.14. Murata Manufacturing Co., Ltd.
10.2.15. Fukuda Metal Foil & Powder Company
11. 360 Degree AnalystView
12. Appendix
12.1. Research Methodology
12.2. References
12.3. Abbreviations
12.4. Disclaimer
12.5. Contact Us
