The global solar backsheet market size reached US$ 2.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.3 Billion by 2028, exhibiting a growth rate (CAGR) of 7.72% during 2023-2028.
A solar backsheet refers to the outermost layer of a photovoltaic (PV) unit used to protect and shield the internal peripherals of the solar module. Some of the commonly used solar backsheets include non-, single- and double-fluoropolymer backsheets that can be mounted on the roof, ground or floating power plants. These backsheets are usually manufactured using polymers or a combination of polymers and placed at the bottom of the solar panel. They are highly robust and exhibit high electrical insulation and protective properties against external impacts, dust, chemicals, sand, wind, extreme temperatures, moisture and ultraviolet (UV) radiations. They also offer various favorable mechanical, electrical, optical and chemical properties essential for the overall durability and safety of the photovoltaic modules.
Solar Backsheet Market Trends:
A significant increase in the number of solar panel installations across the globe represents one of the key factors driving the growth of the market. Furthermore, the implementation of favorable government policies promoting various solar energy projects is also stimulating the market growth. Due to the rising preference for sustainable energy resources and the increasing emphasis on utility-scale projects, there is an escalating demand for solar roof-tops with efficient backsheets across the residential, commercial and industrial sectors. This, in turn, is creating a positive outlook for the market. Additionally, various product innovations, such as the development of advanced fluoropolymer backsheets, are acting as other growth-inducing factors. These variants offer enhanced hydrolytic stability and resistance to extreme weather conditions. Other factors, including the increasing development of micro-grid networks to meet the rising off-grid energy demands, along with extensive research and development (R&D) activities, are anticipated to drive the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global solar backsheet market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, installation technique, thickness and application.
Breakup by Type:
Breakup by Installation Technique:
Floating Power Plant
Breakup by Thickness:
Less than 100mm
More than 500mm
Breakup by Application:
Breakup by Region:
Middle East and Africa
The report has also analysed the competitive landscape of the market with some of the key players being 3M Company, Arkema S.A, Astenik Solar Inc., COVEME S.p.A. (MH & RE. S.p.A.), Dupont De Nemours Inc., KREMPEL GmbH, Targray Technology International Inc., Toray Industries Inc., Toyo Aluminium KK and ZTT International Limited (Jiangsu Zhongtian Technology Co. Ltd.).
Base Year of the Analysis
Type, Installation Technique, Thickness, Application, Region
Asia Pacific, Europe, North America, Latin America, Middle East and Africa
United States, Canada, China, Japan, India, South Korea, Australia, Vietnam, Germany, France, United Kingdom, Italy, Spain, Netherlands, Brazil, Mexico
3M Company, Arkema S.A, Astenik Solar Inc., COVEME S.p.A. (MH & RE. S.p.A.), Dupont De Nemours Inc., KREMPEL GmbH, Targray Technology International Inc., Toray Industries Inc., Toyo Aluminium KK and ZTT International Limited (Jiangsu Zhongtian Technology Co. Ltd.)
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Key Questions Answered in This Report
The global solar backsheet market was valued at US$ 2.1 Billion in 2022.
We expect the global solar backsheet market to exhibit a CAGR of 7.72% during 2023-2028.
The rising consumer inclination towards sustainable energy resources, along with the growing adoption of solar panels across the residential and commercial sectors, is primarily driving the global solar backsheet market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary halt in numerous installation activities for solar backsheets.
Based on the type, the global solar backsheet market has been divided into fluoropolymer and non-fluoropolymer. Among these, fluoropolymer currently exhibits a clear dominance in the market.
Based on the installation technique, the global solar backsheet market can be categorized into floating power plant, ground mounted, and roof mounted. Currently, ground mounted accounts for the majority of the global market share.
Based on the thickness, the global solar backsheet market has been segregated into less than 100mm, 100mm-500mm, and more than 500mm. Among these, 100mm-500mm currently exhibits a clear dominance in the market.
Based on the application, the global solar backsheet market can be bifurcated into utility, industrial, commercial, and residential. Currently, utility holds the largest market share.
On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where Asia Pacific currently dominates the global market.
Some of the major players in the global solar backsheet market include 3M Company, Arkema S.A, Astenik Solar Inc., COVEME S.p.A. (MH & RE. S.p.A.), Dupont De Nemours Inc., KREMPEL GmbH, Targray Technology International Inc., Toray Industries Inc., Toyo Aluminium KK, and ZTT International Limited (Jiangsu Zhongtian Technology Co. Ltd.).
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