Market Scenario, Solar backsheet is an important component to generate solar energy. It is the last layer at the bottom of the solar photovoltaic panel which is typically made up of polymer or a combination of polymers. It is designed to protect the inner components of the module, specifically the photovoltaic cells and electrical components and act as an electric insulator. With the increasing focus on renewable energy sources across the globe, the installation of solar photovoltaic (PV) is increasing continuously which is in turn driving the market for solar backsheet worldwide. According to EIA, Solar surpasses biomass to become third most prevalent renewable electricity source. This has led to increased investment in the countries such as India, China, US, Italy, and others globally to install solar panels to generate electricity., Need for reduction of carbon emission is also likely to drive the solar backsheet market. Solar power is widely used as it is an affordable source of electricity and helps to reduce energy bills along with cutting down the CO2 emissions that affect our environment. For instance, according to Bloomberg New Energy Finance (BNEF), India is building multiple large solar power parks which would include half of the world’s ten largest solar parks. Thus, accelerating the demand for solar backsheet., The global solar backsheet market is projected to grow at a high rate during the forecast period, mainly due to the increasing solar PV installation and policy support from government to enable adoption of renewable technologies. As per European Commission, it is estimated that USD 28.44 billion is required to be invested in renewable sources by the government between 2020 and 2050. This would lead to increase in the installation on solar power parks across Europe. This, driving the market for solar backsheet in the coming years.Global solar backsheet market has been segmented based on type, installation, application, and region. Based on type, the market is classified into fluoropolymer and non-fluoropolymer. Fluoropolymer segment is leading the market and has the largest market share, mainly due to its early adoption and higher efficiency as compared to non-fluoropolymer backsheet. Th

Market Scenario

Solar backsheet is an important component to generate solar energy. It is the last layer at the bottom of the solar photovoltaic panel which is typically made up of polymer or a combination of polymers. It is designed to protect the inner components of the module, specifically the photovoltaic cells and electrical components and act as an electric insulator. With the increasing focus on renewable energy sources across the globe, the installation of solar photovoltaic (PV) is increasing continuously which is in turn driving the market for solar backsheet worldwide. According to EIA, Solar surpasses biomass to become third most prevalent renewable electricity source. This has led to increased investment in the countries such as India, China, US, Italy, and others globally to install solar panels to generate electricity.

Need for reduction of carbon emission is also likely to drive the solar backsheet market. Solar power is widely used as it is an affordable source of electricity and helps to reduce energy bills along with cutting down the CO2 emissions that affect our environment. For instance, according to Bloomberg New Energy Finance (BNEF), India is building multiple large solar power parks which would include half of the world’s ten largest solar parks. Thus, accelerating the demand for solar backsheet.

The global solar backsheet market is projected to grow at a high rate during the forecast period, mainly due to the increasing solar PV installation and policy support from government to enable adoption of renewable technologies. As per European Commission, it is estimated that USD 28.44 billion is required to be invested in renewable sources by the government between 2020 and 2050. This would lead to increase in the installation on solar power parks across Europe. This, driving the market for solar backsheet in the coming years.Global solar backsheet market has been segmented based on type, installation, application, and region. Based on type, the market is classified into fluoropolymer and non-fluoropolymer. Fluoropolymer segment is leading the market and has the largest market share, mainly due to its early adoption and higher efficiency as compared to non-fluoropolymer backsheet. The global solar backsheet market is further segmented based on application, including utility, residential, commercial, and military. Utility segment of the global solar backsheet market is estimated to register the highest growth rate during the forecast period.

The global solar backsheet market is expected to grow at ~7.20% CAGR during the forecast period.

Market Segmentation







Global Solar Backsheet Market

Global solar backsheet market is expected to witness substantial growth during the forecast period owing to increase in the installations of solar power plants. Asia Pacific is expected to be the largest and the fastest-growing market, by region, during the forecast period. This is due to the significant increase in solar PV installation in China, Japan, and India. For instance, Japan installed 6 GW to 7.5 GW of solar power plant in 2018. Moreover, the Ministry of Economy, Trade and Industry (METI) has revoked approvals for 260,000 solar projects, with 14.6 GW of capacity. This would, in turn, boost the growth of solar backsheet installation in Japan.

Key Players

The key players of global solar backsheet market are Honeywell (US), Agfa (Belgium), Dupont (US), Jolywood (China), Isovoltaic (Austria), 3M (US), Dunmore Corporation (US), Hangzhou Sunhome Solar Backsheet Co.,Ltd. (China), Krempel (Germany), and Flexcon (US), among others.

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