The global solar PV backsheet market is expected to grow at a CAGR of 6% over the forecast period. Solar PV backsheet is the most critical part used in the construction of a PV module. The backsheet is intended to protect the inner components of the module from an external force. Moreover, the sheet also acts as an electrical insulator. The growth of the market is attributed to an increase in environmental concern, increasing demand for green energy, and the reduction of solar panel prices in both developing and underdeveloped economies.
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Other factors that contribute to the growth of the global solar PV backsheet industry include increasing awareness among people towards cost-effective renewable energy source and government incentives, schemes, and subsidies for domestic solar rooftops panel. Various government initiatives such as feed-in-tariff (FIT) programs in order to increase the installation of solar panels in commercial as well as residential sector is driving the growth of the solar panel market and hence solar PV backsheet market. Further, fluctuation in crude oil prices has been majorly contributing to the increase in the adoption of the rooftop solar panel.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Solar PV Backsheet Market by Type
- Fluoropolymer
- Non-Fluoropolymer
Global Solar PV Backsheet Market by Application
- Residential
- Commercial
- Industrial
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- 3M Co.
- Agfa-Gevaert N.V.
- Arkema SA
- Astenik Solar Inc.
- BioSolar, Inc.
- Coveme SpA
- Cybrid Technologies
- Dunmore
- DuPont de Nemours, Inc.
- FLEXcon Co., Inc.
- Hangzhou First Applied Material Co., Ltd.
- Honeywell International Inc.
- Krempel GmbH
- Madico Inc.
- Mitsubishi Chemical Holding (Mitsubishi Polyester Film)
- Taiflex Scientific Co., Ltd.
- Targray Group
- Toray Industries, Inc.
- ZTT International Ltd.
The Report Covers
- Market value data analysis of 2018 and forecast to 2025.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global solar PV backsheet market. Based on the availability of data, information related to products and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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