The solar photovoltaic (PV) backsheet market refers to the demand for backsheet materials used in the manufacturing of solar panels. The backsheet serves as a protective layer for the PV module and is critical for ensuring the durability and longevity of the panel. The market for solar PV backsheets is growing due to the increasing demand for solar energy and the expansion of the solar industry. The market is expected to continue its growth trend in the coming years, driven by factors such as declining costs of solar panels, increasing governmental support for renewable energy, and growing demand for energy-efficient solutions. Also, the solar PV backsheet is a critical component in the protection of PV modules from environmental degradation and electrical hazards.
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The Solar PV Backsheet Market is expected to grow at a steady rate of around 19% during the forecast period (2022-2028) owing to the increasing demand for green energy-based electricity coupled with the increasing investment and technological advancement in the renewable energy sector. Major companies in the market are focusing to provide solar PV backsheet with technologically advanced features along with new product launches, collaboration, and mergers & acquisitions. For instance, in June 2020, Nexans Solar Technologies inked an agreement with Reden company for the manufacturing and installation of the 800-unit solar tracker in France.
According to UnivDatos Market Insights (UMI)’ research report “Global Solar PV Backsheet Market”, the market is expected to witness robust growth during the forecast period (2022-2028). This is mainly due to the growing demand for sustainable materials in solar panels along with the stringent regulation related to carbon emissions.
Based on application, the market is categorized into commercial, industrial, utility, and residential segments. Among these, the utility segment to hold a significant share of the market in 2020. This is mainly due to the increasing demand for energy and power around the world. Also, Utility-scale solar energy systems often use high-performance backsheet materials, such as those made from fluoropolymers, which provide additional protection against extreme temperatures, UV radiation, and moisture. The use of high-quality backsheets in utility-scale solar systems helps to increase the reliability and efficiency of the panels while reducing the risk of degradation and failure and is expected to support market growth.
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Based on the type, the market is bifurcated into the fluoropolymer and non-fluoropolymer segments. The fluoropolymer segments are expected to witness significant market growth during the forecast period owing to the ability to prevent from atmospheric exposure such as rain, cold, etc., and mitigate the electric shock caused by any reason. Also, fluoropolymers are inert in nature and have low surface energy and could be used as the adhesive to the junction box.
APAC to witness extensive growth.
For a better understanding of the market adoption of the Solar PV Backsheet industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, and the Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. APAC is anticipated to grow at a substantial CAGR during the forecast period. This is mainly attributed to the region's rising energy consumption and rising use of renewable energy sources. Additionally, the focus on replacing the aging power infrastructure with the smart grid and smart technologies as well as the strict government regulations for carbon emissions are expected to propel the market expansion during the forecast period. In addition, the beginning of a new renewable energy project and an increase in grid technology digitalization will promote market expansion. For instance, according to the power technology, there are several solar power projects have been launched in the Asia-Pacific including Golmud Solae CSP Power Plant in China and Mudigubba Solar Park in India. Additionally, the increasing investment in green energy projects and increasing research & development activities are expected to propel the market growth.
According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the solar PV backsheet market are DuPont, Agfa-Gevaert NV, HANGZHOU FIRST APPLIED MATERIAL CO.LTD., DUNMORE, Mitsubishi Polyester Film Inc., TORAY INDUSTRIES, INC., Coveme, Isovoltaic, Canadian Solar, and Jolywood.
“Global Solar PV Backsheet Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on different parameters. This will help companies in the formulation of go-to-market strategies and identifying the blue ocean for its offerings.
Market Segmentation:
1. By Type (Fluoropolymer and Non-Fluoropolymer)
2. By Installation (Floating Power Plant, Pitched Roof Solar, Ground Mount Solar and Other)
3. By Application (Commercial, Industrial, Utility, and Residential)
4. By Region (North America, Europe, Asia-Pacific, Rest of the World)
5. By Company (DuPont, Agfa-Gevaert NV, HANGZHOU FIRST APPLIED MATERIAL CO.LTD., DUNMORE, Mitsubishi Polyester Film Inc., TORAY INDUSTRIES, INC., Coveme, Isovoltaic, Canadian Solar, and Jolywood)
Key questions answered in the study:
1. What are the current and future trends of the global solar PV backsheet industry?
2. How the industry has been evolving in terms of type, installation, and application?
3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the global solar PV backsheet industry?
5. What is the customer orientation, purchase behavior, and expectations from the global solar PV backsheet suppliers across various region and countries?
Table of Content:-
1 MARKET INTRODUCTION
2 RESEARCH METHODOLOGY OR ASSUMPTION
3 MARKET SYNOPSIS
4 EXECUTIVE SUMMARY
5 IMPACT OF COVID-19 ON THE SOLAR PV BACKSHEET MARKET
6 SOLAR PV BACKSHEET MARKET REVENUE (USD BN), 2020-2028F
7 MARKET INSIGHTS BY TYPE
8 MARKET INSIGHTS BY INSTALLATION
9 MARKET INSIGHTS BY APPLICATION
10 MARKET INSIGHTS BY REGION
11 SOLAR PV BACKSHEET MARKET DYNAMICS
12 SOLAR PV BACKSHEET MARKET OPPORTUNITIES
13 SOLAR PV BACKSHEET MARKET TRENDS
14 DEMAND AND SUPPLY-SIDE ANALYSIS
15 VALUE CHAIN ANALYSIS
16 PRICING ANALYSIS
17 STRATEGIC INSIGHTS
18 COMPETITIVE SCENARIO
19 COMPANY PROFILED
20 DISCLAIMER