Plastic Solar Cells Market Report 2025 (Global Edition)

Global Plastic Solar Cells Market Report 2025 Market Size Split by Type Outlook: (PN Junction Structure (P-N Heterojunction), Dye- Sensitized Nanocrystalline Solar Cells), by Application Outlook: (Dis...

Plastic Solar Cells Market Report Description

We have various report editions of Plastic Solar Cells Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.

Impact of Trumph Tariff on Energy and Power Industry

In 2025, global trade entered a turbulent phase as the U.S., under President Donald Trump, introduced aggressive "Liberation Day Tariffs" to address trade imbalances. These tariffs, ranging from 10% to 46%, heavily impacted the energy and power sector, which relies on global supply chains for critical components like rare earth metals, solar panels, wind turbines, and lithium. The U.S.–China trade war escalated, with reciprocal tariffs and China's trade surplus with the U.S. reaching USD 102.6 billion. Retaliatory tariffs from the EU and Canada further disrupted energy supply chains, raising material costs and causing delays in key projects.

The U.S. imposed a 20% tariff on rare earths, impacting EVs and clean tech; 25% on solar panels, increasing installation costs; 15–25% on wind turbine parts, affecting project timelines; and 10–15% on oil and gas equipment, pushing producers to rethink supply networks. Sub-sectors like renewables, EVs, oil & gas, and power generation are all experiencing rising costs, supply bottlenecks, and delayed investments. For instance, solar and wind projects now face 10–30% higher costs, and EV producers are struggling with battery input inflation.

China remains central to the U.S. energy supply chain, with even indirect imports via countries like Vietnam and Malaysia tightly linked to Chinese inputs. As a result, U.S. energy firms are exploring alternative sourcing from Southeast Asia, Latin America, and domestic production to reduce exposure. However, switching suppliers requires significant investment, coordination, and time.

In this volatile environment, market research is critical. It helps energy firms map supplier risks, track price trends, and explore alternative sourcing. It enables supply chain optimization through AI and predictive analytics, while regulatory tracking and scenario planning allow companies to anticipate future disruptions. Energy firms like NextEra and First Solar are responding by diversifying suppliers, investing in local production, and leveraging digital tools to improve procurement and adapt to tariff-driven challenges. Those using data-driven strategies and flexible operations are best positioned to thrive amid rising trade tensions.

Competitive Landscape of the Plastic Solar Cells Market

The competitive landscape of the Plastic Solar Cells Market in 2024 is characterized by a mix of established solar panel manufacturers and emerging players focusing on innovative technologies. Key players include both traditional solar companies expanding into plastic solar cells and startups specializing in organic photovoltaics (OPVs). Factors like efficiency improvements, cost reduction, and advancements in materials drive market competition. Companies are exploring new applications in flexible electronics, building-integrated photovoltaics (BIPV), and wearable devices, creating a dynamic and rapidly evolving market environment.

In December 2022, Scientists at IIT Kanpur reported that they had created organic solar cell devices that more effectively transform a steel roof into an energy-producing device by combining the organic polymer PTB7 as a donor and PCBM as an acceptor. (Source: https://www.mercomindia.com/iit-researchers-say-organic-solar-roof-into-a-power-source) In June 2022, Researchers from the University of Illinois Urbana-Champaign said that they had seen the emergence of chirality, a biological trait, in achiral conjugated polymers, which are used to create flexible solar cells. They could improve the cells' charging capacity and expand access to reasonably priced renewable energy as a result of their research. (Source: https://beckman.illinois.edu/about/news/article/2022/06/02/new-polymer-property-could-give-accessible-solar-power-a-boost) In October 2023, A French-Spanish research team used high throughput injection molding to create organic photovoltaic modules incorporated into plastic components. After injecting thermoplastic polyurethane into the modules, the researchers discovered that it improved their mechanical stability without sacrificing their high degree of flexibility. Initially, the researchers used a photoactive blend called P3HT: O-IDTBR to build modules in roll-to-roll printing. Because of its morphological and thermal stability—both of which are important for the subsequent injection molding process—this blend was selected. Throughout the forecast period, it is anticipated that the completion of R&D in a variety of industries and applications will increase the market in the area. (Source: https://www.pv-magazine.com/2023/10/03/european-research-group-creates-injection-molding-plastic-solar-cells/)

Top Companies Market Share in Plastic Solar Cells Industry: (In no particular order of Rank)

• Heliatek
• TFG Solar
• Hanergy Thin Film Power Group
• Kaneka
• Nanosolar
• Dyesol
• Orders
• Supreme
• Konarka Technologies
• Solar Frontier
• SunPower
• Global Solar Technologies
• Ascent Solar Technologies
• Solarmer Energy
• First Solar
• Confidential Data
• Access The Paid Version
• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Plastic Solar Cells Market

Which Region Dominates the Plastic Solar Cells Market in 2024?

According to Cognitive Market Research, North America currently dominates the Plastic Solar cell market, and the region is expected to have significant growth during the projected period. This is due to its strong investments in renewable energy technologies, stringent environmental regulations promoting the adoption of sustainable energy solutions, and significant advancements in plastic solar cell technology. The region's emphasis on research and development, coupled with increasing government incentives for solar energy projects, has led to a surge in the deployment of plastic solar cells. This dominance is further bolstered by the presence of key players in the market and their innovations in improving the efficiency and affordability of plastic solar cells.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). The region's dominance is driven by increasing investments in renewable energy technologies, supportive government policies, and a growing demand for sustainable energy solutions. Countries like China and Japan are leading the charge, leveraging advancements in flexible plastic solar cell technology and manufacturing capabilities to capture a significant market share. This rapid growth is also influenced by the rising adoption of renewable energy across various sectors within the region.

The current report Scope analyzes Plastic Solar Cells Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America Plastic Solar Cells Market Analysis

According to Cognitive Market Research, the global Plastic Solar Cells market size was estimated at USD 161.5 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 64.60 million in 2024 and will grow at a compound annual growth rate (CAGR) of 20.4% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Plastic Solar Cells market with a market size of USD 50.97 million in 2024 and is projected to grow at a CAGR of 20.2% during the forecast period. The US region drives growth in the Plastic Solar Cells market through innovation and adoption of renewable energy technologies.
• The Canada Plastic Solar Cells market had a market share of USD 7.75 million in 2024 and is projected to grow at a CAGR of 21.2% during the forecast period. Canada benefits from favorable government incentives and research in the Plastic Solar Cells market.
• The Mexico Plastic Solar Cells market is projected to witness growth at a CAGR of 20.9% during the forecast period, with a market size of USD 5.88 million in 2024.

Europe Plastic Solar Cells Market Analysis

According to Cognitive Market Research, the global Plastic Solar Cells market size was estimated at USD 161.5 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 48.45 million in 2024 and will grow at a compound annual growth rate (CAGR) of 20.7% from 2024 to 2031.

• The United Kingdom Plastic Solar Cells market had a market share of USD 8.14 million in 2024 and is projected to grow at a CAGR of 21.5% during the forecast period. In the UK, Plastic Solar Cells sales witness an upswing due to advancements in technology and investment in renewable energy.
• The France Plastic Solar Cells market is projected to witness growth at a CAGR of 19.9% during the forecast period, with a market size of USD 4.46 million in 2024.
• According to Cognitive Market Research, the German Plastic Solar Cells market size was valued at USD 9.59 million in 2024 and is projected to grow at a CAGR of 20.9% during the forecast period. In Germany, Plastic Solar Cells surged due to Strong innovation and adoption.
• The Italy Plastic Solar Cells market is projected to witness growth at a CAGR of 20.1% during the forecast period, with a market size of USD 4.17 million in 2024.
• The Russia Plastic Solar Cells market is projected to witness growth at a CAGR of 19.7% during the forecast period, with a market size of USD 7.51 million in 2024.
• The Spain Plastic Solar Cells market is projected to witness growth at a CAGR of 19.8% during the forecast period with a market size of USD 3.97 million in 2024
• The Luxembourg Plastic Solar Cells market is projected to witness growth at a CAGR of 20.8% during the forecast period, with a market size of USD 1.50 million in 2024.
• The Portugal Plastic Solar Cells market is projected to witness growth at a CAGR of 20.5% during the forecast period, with a market size of USD 1.02 million in 2024.
• The Greece Plastic Solar Cells market is projected to witness growth at a CAGR of 21.0% during the forecast period, with a market size of USD 0.58 million in 2024.
• The Rest of Europe's Plastic Solar Cells market is projected to witness growth at a CAGR of 19.4% during the forecast period, with a market size of USD 7.51 million in 2024.

Asia Pacific Plastic Solar Cells Market Analysis

According to Cognitive Market Research, the global Plastic Solar Cells market size was estimated at USD 161.5 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 37.15 million in 2024 and will grow at a compound annual growth rate (CAGR) of 24.2% from 2024 to 2031.

• According to Cognitive Market Research, the China Plastic Solar Cells market size was valued at USD 16.72 million in 2024 and is projected to grow at a CAGR of 23.7% during the forecast period. Plastic Solar Cells surged in China due to rapid technological advancements and demand.
• The Japan Plastic Solar Cells market is projected to witness growth at a CAGR of 22.7% during the forecast period, with a market size of USD 5.13 million in 2024.
• The India Plastic Solar Cells market had a market share of USD 4.46 million in 2024 and is projected to grow at a CAGR of 26.0% during the forecast period. Cost advantages and increasing demand drive India's growth in the Plastic Solar Cells market.
• The South Korean Plastic Solar Cells market is projected to witness growth at a CAGR of 23.3% during the forecast period, with a market size of USD 3.71 million in 2024.
• The Australian Plastic Solar Cells market is projected to witness growth at a CAGR of 23.9% during the forecast period, with a market size of USD 1.93 million in 2024.
• The South East Asia Plastic Solar Cells market is projected to witness growth at a CAGR of 25.2% during the forecast period, with a market size of USD 2.56 million in 2024.
• The Rest of Asia Pacific Plastic Solar Cells market is projected to witness growth at a CAGR of 24.0% during the forecast period, with a market size of USD 2.64 million in 2024.

South America Plastic Solar Cells Market Analysis

According to Cognitive Market Research, the global Plastic Solar Cells market size was estimated at USD 161.5 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 8.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 21.6% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Plastic Solar Cells market size was valued at USD 3.46 million in 2024 and is projected to grow at a CAGR of 22.2% during the forecast period. Plastic solar cells flourished in Brazil due to strong government incentives and a focus on renewable energy.
• Argentina's Plastic Solar Cells market had a market share of USD 1.36 million in 2024 and is projected to grow at a CAGR of 22.5% during the forecast period. Argentina benefits from strong solar incentives and government support, driving Plastic Solar Cells market growth .
• Colombia's Plastic Solar Cells market is projected to witness growth at a CAGR of 21.4% during the forecast period, with a market size of USD 0.72 million in 2024.
• Peru's Plastic Solar Cells market is projected to witness growth at a CAGR of 21.8% during the forecast period, with a market size of USD 0.66 million in 2024.
• Chile's Plastic Solar Cells market is projected to witness growth at a CAGR of 21.9% during the forecast period, with a market size of USD 0.58 million in 2024.
• The Rest of Latin America's Plastic Solar Cells market is projected to witness growth at a CAGR of 20.7% during the forecast period, with a market size of USD 1.30 million in 2024.

Middle East Plastic Solar Cells Market Analysis

According to Cognitive Market Research, the global Plastic Solar Cells market size was estimated at USD 161.5 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 3.23 million in 2024 and will grow at a compound annual growth rate (CAGR) of 21.9% from 2024 to 2031..

• The GCC Countries Plastic Solar Cells market is projected to witness growth at a CAGR of 22.7% during the forecast period, with a market size of USD 1.38 million in 2024. Plastic Solar Cells sales flourish due to the increasing adoption of renewable energy.
• The Egypt Plastic Solar Cells market is projected to witness growth at a CAGR of 22.2% during the forecast period, with a market size of USD 0.34 million in 2024.
• The South Africa Plastic Solar Cells market is projected to witness growth at a CAGR of 22.9% during the forecast period, with a market size of USD 0.51 million in 2024. Plastic Solar Cells sales flourished in South Africa due to innovative solar technologies.
• The Turkey Plastic Solar Cells market is projected to witness growth at a CAGR of 21.4% during the forecast period, with a market size of USD 0.28 million in 2024.
• The Nigeria Plastic Solar Cells market is projected to witness growth at a CAGR of 21.0% during the forecast period, with a market size of USD 0.34 million in 2024.
• The Rest of the MEA Plastic Solar Cells market is projected to witness growth at a CAGR of 20.9% during the forecast period, with a market size of USD 0.38 million in 2024.

Plastic Solar Cells Market Analysis

How are Segments Performing in the Global Plastic Solar Cells Market?

Plastic Solar Cells Market Type Segment Analysis

According to Cognitive Market Research, The fastest growth in the Plastic Solar Cells Market is driven by the advancements in PN Junction Structures, particularly P-N Heterojunctions. These structures enhance light absorption, improve electron-hole separation, and increase the efficiency of plastic solar cells. The integration of P-N Heterojunctions allows for better conductivity and reduced recombination losses, leading to higher power conversion efficiency and lower manufacturing costs. This makes plastic solar cells more attractive for applications in wearable electronics, building-integrated photovoltaics, and portable devices, thus accelerating market growth.

Dye-sensitized nanocrystalline Solar Cells (DSC) offer a more affordable, flexible, and efficient alternative to traditional plastic solar cells. Their unique structure using a dye-sensitized photoanode combined with nanocrystalline titanium dioxide enables them to capture light more effectively and convert it into electricity with greater efficiency. The cost-effectiveness and ability to be manufactured on flexible substrates make DSCs highly competitive in the plastic solar cells market, driving their adoption in various applications where cost and flexibility are crucial.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Plastic Solar Cells Industry. Request a Free Sample PDF!

Plastic Solar Cells Market Application Segment Analysis

According to Cognitive Market Research, The Disposable Solar Panel segment within the Plastic Solar Cells Market is experiencing rapid growth due to its cost-effectiveness, lightweight nature, and ease of deployment. These panels are made from flexible plastic substrates, making them ideal for applications in consumer electronics, portable devices, and smart packaging. The increasing demand for sustainable energy solutions, coupled with advancements in flexible and printable photovoltaic technologies, has accelerated the adoption of these panels. Their affordability and ability to be integrated into everyday products are driving the fastest growth in the Plastic Solar Cells Market.

In the Plastic Solar Cells Market, Hydrogen-powered cars are driving dominance due to their demand for efficient, lightweight, and flexible energy solutions. These vehicles require renewable energy sources to power onboard systems, making plastic solar cells an ideal choice due to their lower cost, ease of integration, and ability to generate power from sunlight. The unique properties of plastic solar cells, such as transparency and flexibility, allow for seamless integration into vehicle surfaces, enhancing energy efficiency and reducing overall weight. As hydrogen vehicles gain traction, the demand for these solar cells is expected to continue growing, leading to their dominance in the market.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Plastic Solar Cells End User Outlook: Segment Analysis

Plastic Solar Cells Market End User Segment Analysis

According to Cognitive Market Research, The Automotive sector is driving the fastest growth in the Plastic Solar Cells Market due to increasing demand for energy-efficient technologies. The integration of plastic solar cells into automotive roofs, windows, and body panels enables vehicles to harness solar energy for enhanced fuel efficiency and reduced emissions. These lightweight, flexible, and durable solar panels offer the potential for substantial energy savings, making them an attractive solution for the automotive industry. The rising adoption of electric vehicles and stringent fuel efficiency regulations further propel the demand for plastic solar cells in this sector.

In the Plastic Solar Cells market, the rapidly growing sector is The Consumer Electronics sector is driving the growth of the Plastic Solar Cells Market due to its increasing demand for lightweight, flexible, and cost-effective energy solutions. Plastic solar cells offer a feasible alternative to traditional silicon-based cells, providing a lower-cost option for powering portable electronic devices, wearables, and other consumer gadgets. The sector’s emphasis on sustainability and the integration of solar technology in everyday electronics are key factors fueling the adoption of plastic solar cells, making them a dominant force in the market.

• Automotive
• Consumer Electronics
• Power and Energy

Author's Detail

Vinayak Bali

Senior Research Analyst at Cognitive Market Research

LinkedIn

Profile

Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights.

Author's Conclusion