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Is the U.S. Still a Better Global Barometer than China?
COVID-19 IMPACT SURVEY
GLOBAL EXECUTIVE SURVEY Impact of Pandemic & Economic Slowdown
Monitor Market Dynamics! Early March 2020, we reached out to senior enterprise executives who are driving strategy, business development, marketing, sales, product management, technology and operations at competitive firms worldwide. Our ongoing survey is focused on how this will this affect their business ecosystems. We invite you to participate in our survey and add to collective perspectives. Market movements are tracked for 2020, 2021 and broadly for the period of 2022 through 2025. Critical changes are monitored dynamically for the rest of this year. Updated analytics will reflect new and evolving market realities. Our first update scheduled for May 2020 and another in the Fall. Clients receive complimentary updates during 2020. If your company is a recent client for this project, we may have already reached out to your colleagues to participate in our program. If you're an active player in the space but hasn't yet subscribed to our project, we invite you to participate and share your perspectives. Please sign-up here.
Amid the COVID-19 crisis, the global market for Solar Encapsulation Materials estimated at US$1.6 Billion in the year 2020, is projected to reach a revised size of US$1.8 Billion by 2027, growing at a CAGR of 2% over the analysis period 2020-2027.EVA Sheet, one of the segments analyzed in the report, is projected to grow at a 2% CAGR to reach US$1.7 Billion by the end of the analysis period.After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the PVB Sheet segment is readjusted to a revised 2.1% CAGR for the next 7-year period. This segment currently accounts for a 3% share of the global Solar Encapsulation Materials market.
The Solar Encapsulation Materials market in the U.S. is estimated at US$429.1 Million in the year 2020. The country currently accounts for a 27.15% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$331.9 Million in the year 2027 trailing a CAGR of 3.1% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.4% and 1.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.6% CAGR while Rest of European market (as defined in the study) will reach US$331.9 Million by the year 2027.
In the global Other Products segment, USA, Canada, Japan, China and Europe will drive the 1.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$23.7 Million in the year 2020 will reach a projected size of US$26.6 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$224 Million by the year 2027, while Latin America will expand at a 1.7% CAGR through the analysis period. We bring years of research experience to this 18th edition of our report. The 242-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others, 3M Company; Bridgestone Corporation; Changzhou Bbetter Film Technologies Co., Ltd.; Jiangsu Akcome Science & Technology Co., Ltd.; Mitsui Chemicals America, Inc.; SKC, Inc.; STR Holdings, Inc.; TPI All Seasons Company Limited
» Product (EVA Sheet, PVB Sheet, and Other Products) » Application (Photovoltaic Module, and Other Applications)
» World » United States » Canada » Japan » China » Europe » France » Germany » Italy » United Kingdom » Spain » Russia » and Rest of Europe » Asia-Pacific » Australia » India » South Korea » and Rest of Asia-Pacific » Latin America » Argentina » Brazil » Mexico » and Rest of Latin America » Middle East » Iran » Israel » Saudi Arabia » United Arab Emirates » and Rest of Middle East » and Africa
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