Increasing Environmental Concern is driving the Global Solar PV Backsheet Market | Toray Industries Inc., DuPont de Nemours, Inc., 3M Co., Dunmore Corp.

The global solar PV backsheet market is expected to grow at a CAGR of 6% over the forecast period (2025-2031). The market growth is driven by the increase in environmental concern, increasing demand for green energy, and the reduction of solar panel prices in both developing and underdeveloped economies. Additionally, increasing awareness about cost-effective renewable energy sources and government incentives, schemes, and subsidies for solar rooftop panels, are contributing to the market growth. Further, fluctuation in crude oil prices lead to a widespread adoption of renewable sources contributing to the market growth.

Get Free Sample link @ https://www.omrglobal.com/request-sample/solar-pv-backsheet-market

The global solar PV backsheet market is segmented by type (fluoropolymer and non-fluoropolymer), application (residential, commercial, and industrial), and geography (North America, Europe, Asia-Pacific, and the Rest of the World).

Market Dynamics

The residential segment is anticipated to grow significantly during the forecast period, owing to the increasing adoption of solar panels in a residential setting for various applications in the household such as solar-powered ventilation systems, solar-heated swimming pools, solar room heaters, solar power pump systems, solar battery charging system and more. Further, solar power enables cutting down the electricity bills and is more secure than any other electric resource, which is leading to increased adoption and subsequently market growth.

Asia-Pacific is projected to hold the highest market share owing to the significant contribution of the major economies including China, Australia, Japan, South Korea, India, and Singapore. The increasing adoption of solar panels in the regional manufacturing industries is contributing to the market growth. Major market players are investing in the Asia-Pacific region, presenting significant opportunities for the market. Government initiatives and support towards the adoption of solar panels and other renewable sources, such as a reduced rate of corporate income tax, are bolstering the market.

Full report of Solar PV Backsheet Market available @ https://www.omrglobal.com/industry-reports/solar-pv-backsheet-market

The major companies serving the global solar PV back sheet market include Toray Industries Inc., DuPont de Nemours, Inc., 3M Co., Dunmore Corp., Arkema SA, ZTT International Ltd., Coveme SpA, and others. The market players are increasingly focusing on business expansion and product development by applying strategies such as collaborations, mergers, and acquisitions contributing significantly to market growth.

Recent Developments

In August 2023, Alishan Green Energy announced the addition of Alishan BackPro backsheets to the product portfolio. It is a comprehensive range of fluoro and non-fluoro backsheets. It features proprietary coating material, UV resistance, proprietary coating material, bonding with EVA, mechanical strength, and high breakdown voltage and partial discharge resistance.

Reasons to Buying From us -

1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/solar-pv-backsheet-market

Media Contact:

Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

This release was published on openPR.