Solar Panel Coatings Market Overview | By Industry Size, Market Share, Recent Trends, Growth Factors, CAGR Analysis, Leading Manufacturers
The growing demand for a sustainable energy source in the commercial sector is likely to drive the growth of the global solar panel coatings market during the forecast period. The preference for solar energy as an alternative to conventional energy sources for the generation of electricity has increased across the globe. Installation of solar panels is an economical and eco-friendly method to harness power. However, the harsh environmental conditions hamper the operational efficiency of the photovoltaic cells. To overcome this challenge, solar panel coatings are developed that possess functional features such as conductivity and wettability, which enhance the performance of solar panels. The global market for solar panel coatings was valued at over USD 4.65 billion in 2018 and expected to register a robust CAGR of 23.4% during the review period. The global Solar Panel Coatings Market Overview has been classified based on type and application segments. The types of solar pan