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Solar Wafer Cutting Fluid Market By Type (PEG-300, PEG-400,Other) By Application (Semiconductor, Solar Wafer, Crystal,Others) - Growth, Future Prospects & Competitive Analysis, 2016 – 2028

About this report

The global Solar Wafer Cutting Fluid Market report explores the critical analysis of the Solar Wafer Cutting Fluid industry using key parameters. The report consists of investment strategies, the need for investments in the Solar Wafer Cutting Fluid industry, and the multiple benefits for the investors. Importantly, this report sets out major changes in the global technical regulations for the Solar Wafer Cutting Fluid industry and how economic and non-economic barriers are helping the Solar Wafer Cutting Fluid market grow. Moreover, the report analyzes the global, regional, and country-level historic and forecasted market size. The report also provides a comprehensive analysis of key investment propositions, demand and supply gap, competitors positioning, STAR analysis, SRC analysis, and Tornado analysis. Key technological developments and other analyses such as porter's five forces analysis, PESTEL analysis, value chain analysis, etc.

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Key Highlights of the report

How are the major segments performing in the Solar Wafer Cutting Fluid Market?

In 2021, the PEG-300 segment will be the leading segment by type. PEG-300 aids in lowering the friction and heat produced during cutting. This improves the accuracy of the cut while lowering the chance of equipment damage.

In 2021, the semiconductor segment led the solar wafer cutting fluid market by application. In the semiconductor sector, solar wafer-cutting fluids are used for various applications, including single-crystal silicon, polycrystalline silicon, multi-crystalline silicon, and amorphous solar cells. 

Which region dominated the Solar Wafer Cutting Fluid Market?

In 2021, due to the region's significant semiconductor and automobile manufacturing bases, Asia Pacific was predicted to be a major market for solar wafer cutting fluid (PEG). During the predicted period, it is also anticipated that rapid industrialization will continue throughout the region. With rising polyethylene glycol production and consumption in China and India, the solar wafer cutting fluid (PEG) market is predicted to be led by the Asia Pacific.

What is the competitive environment of the Solar Wafer Cutting Fluid Market?

The solar wafer cutting fluid industry's competitive environment offers information on the total economic profit made by suppliers and businesses, the sales and revenues produced in this sector, the solar wafer cutting fluid market share globally, the business organization overview, the introduction of new products, and the opportunities for the industrial solar wafer cutting fluid market. For instance, In China, in May 2022, Evonik introduced its new line of processing aids under the trade name TEGO Surten E. The novel additives enhance photovoltaic (PV) wafer cutting performance and efficiency, resulting in greater solar modules' overall performance and production efficiency. These low-dose additives can considerably increase the efficiency and quality of cutting PV wafers, which will assist to get closer to a world without greenhouse gas emissions.

Executive Summary

What are technical developments being developed in the Solar Wafer Cutting Fluid Market?

Manufacturers in the market are increasingly concentrating on the R&D of solar wafer cutting fluid to produce photovoltaic cells. One of the most important steps in creating photovoltaic cells made of crystalline silicon is cutting silicon ingots with diamond wire saws (DWS). The most recent high-performance cutting process has requirements that cutting fluids with conventional surfactants cannot fulfill: In addition to lowering wafer quality, deep cut lines and divots caused by ineffective swarf transport and deterioration of the wire's diamond coating can also cause large crystals to form during the subsequent diffusion step, decreasing the surface area for photon capture and lowering cell efficiency.

Which are the key investments by the Solar Wafer Cutting Fluid Market players?

Various investments are made throughout by key players; for instance, BASF announced investments to accomplish both ambitious growth and climate targets, investments in new technologies and a change in the energy source. Between 2022 and 2026, they expect to invest €25.6 billion on capital projects (Capex), of which €12.9 billion will go toward its most significant growth initiatives.

Some of the major players in the market are DowDuPont, TSIF-NKNK, Liaoning Aoke, BASF, Zhejiang Huangma, OUCC, PACC, Liaoning Oxiranchem, Liaoning Kelongchem and many others.

What are the Major Driving Factors for the Solar Wafer Cutting Fluid Market?

A particular kind of coolant used in producing solar cells is called a solar wafer cutting fluid. The cells are kept cold while being cut, which helps keep them from getting hurt. Due to increasing tension about climate change and rising electricity prices, there is an explosive increase in the demand for solar energy worldwide. This is anticipated to fuel the market for solar wafer-cutting fluid to grow in the upcoming years. Higher efficiency and lower production costs due to technological developments in the solar panel industry are soon expected to increase demand for solar wafer-cutting fluids.

What are the Major Risks for the Solar Wafer Cutting Fluid Market?

The growth of the solar wafer cutting fluid market may be hindered due to the negative impact of diamond wire saw marks on solar cell performance. It was discovered that, under the same ingot sawing circumstances, the diamond wire's composition affected the cell performance. Numerous cells have flaws that persist even after the saw damage etching process.

Which is the key application in the Solar Wafer Cutting Fluid Market?

The semiconductors segment was the fastest growing segment in the Solar Wafer Cutting Fluid market in 2021. The market is divided into semiconductors, Solar Wafer, Crystal, and Others based on application. In the semiconductor sector, solar wafer-cutting fluids are used for various applications, including single-crystal silicon, polycrystalline silicon, multi-crystalline silicon, and amorphous solar cells. Due to the rising use of solar wafer cutting fluid in the production of crystalline photovoltaic cells and thin-film photovoltaic modules, the market for it is predicted to develop at a CAGR of XX% between 2022 and 2030. Amorphous materials must be exposed to cold treatment techniques that transform them into highly ordered structures with low levels of disorder to crystallize them into useful products like semiconductors or transistors. Conventional processing methods make creating useful products from amorphous alloys difficult, but chemical vapor deposition (CVD) can transform them into extremely effective crystalline devices.

How is the Solar Wafer Cutting Fluid Market performing in regions?

In terms of revenue, the Asia Pacific region held a 40% share of the world market for solar wafer-cutting fluid in 2021. This is explained by the existence of significant solar cell producers in China, like Wuxi Sunpower, JinkoSolar, and Trina Solar. Due to the growing demand for energy across numerous economies, particularly India and China, the region is anticipated to experience tremendous growth. The region's market is expected to grow further due to the expanding manufacturing sector and rising foreign player involvement. While Europe will continue to play a significant role in the worldwide market for solar wafer-cutting fluid, its market share will gradually decrease as businesses concentrate on creating new markets outside of Europe.

What is the regulatory landscape for the Solar Wafer Cutting Fluid Market?

Different governments implement various regulations to monitor the usage of cutting fluids for several manufacturing processes. Regulations are in place for the usage of additives in cutting fluid and recycling and disposal of cutting fluids. Different safety parameters are also recommended when cutting fluid in manufacturing processes. 

What is the Market Size of the Solar Wafer Cutting Fluid regarding value?

The global Solar Wafer Cutting Fluid Market is anticipated to grow at a substantial CAGR of X.X% in the upcoming years. The global Solar Wafer Cutting Fluid industry was estimated to be worth USD XX billion in 2021 and was expected to be worth USD XX billion by 2028.

What are the major players planning for the future of the Solar Wafer Cutting Fluid Market?

The key players in the Solar Wafer Cutting Fluid market are increasingly concentrating on the R&D of cutting fluids that do not negatively impact solar cell performance. Manufacturers are trying to find solutions to handle diamond wire depositions on the solar cell, which occur during the cutting process of photovoltaic cells.

Segmentation of Global Solar Wafer Cutting Fluid Market-

Global Solar Wafer Cutting Fluid Market – By Type

  • PEG-300
  • PEG-400
  • Other

Global Solar Wafer Cutting Fluid Market – By Application

  • Semiconductor
  • Solar Wafer
  • Crystal
  • Others

Global Solar Wafer Cutting Fluid Market – By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East and Africa

Frequently asked questions about the global solar wafer cutting fluid market.

The COVID-19 pandemic has had a detrimental impact on the growth of the global market for solar wafer cutting fluid. The industrial trends were impacted by a shortage of sufficient people and raw material supply.

the Asia Pacific accounted for the highest share in the global solar wafer cutting fluid market.

Increasing growth in the semiconductors industry and Increasing adoption of solar cell energy are the major factors driving the market's growth.

The PEG-300 segment had a major share in 2021.

The semiconductor segment led the solar wafer cutting fluid market by application.

Solar Wafer Cutting Fluid Market Scope

Report Attribute Details
Market Value in 2021 USD XX billion by 2028
Market Value in 2028 USD XX billion by 2028
CAGR XX%
Benchmarking Year 2021
Past data 2016 – 2021
Forecast period 2022 – 2028
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Godaddy
Published Date:  Oct 2022
Category:  Industrial Goods
Report ID:   60700
Report Format:   PDF
Pages:   150
Rating:    4.6 (40)
Delivery Time: 24 Hours to 48 Hours   
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