Solar Photovoltaic Backsheet Market is Projected to Grow at a CAGR of 8.40% through 2028

"Increasing installation of solar PV systems worldwide and Technological advancements in solar PV backsheet materials and manufacturing processes are the main drives in the Global Solar Photovoltaic Backsheet Market."

According to TechSci Research report, "Global Solar Photovoltaic Backsheet Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028". The Global Solar Photovoltaic Backsheet is anticipated to project robust growth in the forecast period with a CAGR of 8.40% through 2028. In February 2023, SILFAB SOLAR INC. launched Elite series of residential PV modules with conductive backsheets in U.S. Silfab Elite 410 BG features cell designed with efficient conductive backsheet, maximum system voltage of 1,000 V (DC), and integration of x-pattern technology.

The company enables its position across the region and enhanced the growth of PV module industry. In February 2023, Endurans™ Solar received an equity investment from Riverbend Energy Group. This investment has significantly supported the expansion of its production plant in U.S., enabling to meet the demand of its patented solar backsheets. The company will be able contribute to clean solar energy mission and establish a strong position across the market.

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The Fluoride Fluoropolymer segment held the major contribution in the global solar backsheet market in 2022 and will continue to lead during the forecast period. The key factors accredited to the growth of the market contain higher efficiency, growing acceptance, rising manufacturing productivities, and superior insulation properties. Fluoropolymer provides superior performance over a long period of time.

The floating power plant market is estimated to grow at a high rate of CAGR during the forecast period. The growth of the market can be accredited to the capacity of these plants to generate more power owing to the cooling nature of water. Floating power plants also elucidate land constraints issues, which is the main barrier in ground-mounted solar installations.

The utility segment is projected to have a large solar backsheet market share during the forecast period. This segment is driven primarily by the upsurge in installations of solar power plants across the globe, both for utility and distributed power generation applications, to meet the worldwide power demand.

Geographically, Asia Pacific is expected to share significant growth in the global solar backsheet market. The growth in the global market in this region is attributed to the substantial increase in solar PV installation in China and India. China is the major market in the Asia Pacific and is greatly investing in solar PV to shrink carbon emissions and fulfill its power needs.

The Asia Pacific is leading the solar photovoltaic panel installation market, which expected to drive the growth of the global solar backsheet market. China has surpassed its 2022 solar panel target. India is following China's footprint. Increasing awareness for energy security and self-sufficiency combined with government legislature is estimated to rise solar backsheet market growth. Solar backsheet market installation on a rooftop is gaining popularity.

One of the most notable trends in the solar PV backsheet market is the continuous advancement of backsheet materials. Manufacturers are investing in research and development to create materials that offer improved durability, weather resistance, and electrical performance. These advancements are essential to enhance the longevity and efficiency of solar panels.

DuPont, a leading material science company, introduced the DuPont™ Tedlar® Power Backsheet, which offers excellent UV resistance, moisture barrier properties, and long-term durability. It is designed to extend the lifespan of solar panels.

New materials, such as advanced polymer composites and coatings, are developed to withstand extreme temperatures, UV radiation, and mechanical stress.

Enhanced material properties contribute to better protection of solar cells and reduce the risk of backsheet degradation over time.

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Key market players in the Global Solar Photovoltaic Backsheet Market are following:

• DuPont de Nemours Inc.
• Solvay SA
• Arkema SA
• Covestro AG
• 3M Company
• Toyo Seikan Group Holdings Co., Ltd.
• Jiangsu Shunfeng Photovoltaic Technology Co., Ltd.
• AISOLAR Technology Co., Ltd.
• Wuxi Suntech Power Co., Ltd. ORS International Ltd

"Bifacial solar panels, capable of capturing sunlight from both the front and rear sides, have gained traction in the solar industry. This trend directly impacts the backsheet market, as specialized backsheets are required to optimize the performance of bifacial panels.

LG Energy Solutions offers bifacial solar modules that can generate electricity from both sides. These modules come with specially designed backsheets that allow light penetration from the rear side to increase energy yield. Bifacial panels require backsheets with improved transparency to allow sunlight to pass through to the rear side, maximizing energy production. Manufacturers are developing backsheets tailored to the unique requirements of bifacial panels, often with enhanced optical properties.

Environmental sustainability has become a central concern in the solar PV industry. This trend is driving the demand for eco-friendly backsheet materials that have minimal environmental impact throughout their lifecycle." said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

Solar Photovoltaic Backsheet Market - Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented by Product (TPT-Primed, TPE, PET, PVDF, PEN), By Thickness ( 500 Micrometer), By Material (Fluoride, Non-Fluoride), By Technology (Crystalline, Thin Film, Ultra-Thin Film) By Region, Competition 2018-2028. has evaluated the future growth potential of Global Solar Photovoltaic Backsheet Market and provides statistics and information on market structure, size, share, and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities present in the Global Solar Photovoltaic Backsheet Market.

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Table of Contents

1. Product Overview
1.1. Market Definition
1.2. Scope of the Market
1.3. Markets Covered
1.4. Years Considered for Study
1.5. Key Market Segmentations

2. Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations

3. Executive Summary

4. Voice of Customers

5. Global Solar Photovoltaic Backsheet Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Product (TPT-Primed, TPE, PET, PVDF, PEN)
5.2.2. By Thickness ( 500 Micrometer)
5.2.3. By Material (Fluoride, Non-Fluoride)
5.2.4. By Technology (Crystalline, Thin Film, Ultra-Thin Film)
5.2.5. By Region
5.3. By Company (2022)
5.4. Market Map ….Conti…

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