Author: Himanshu Patni
18 February 2023
The solar photovoltaic (PV) backsheet market refers to the demand for backsheet materials used in the manufacturing of solar panels. The backsheet serves as a protective layer for the PV module and is critical for ensuring the durability and longevity of the panel. The market for solar PV backsheet is growing due to the increasing demand for solar energy and the expansion of the solar industry. The market is expected to continue its growth trend in the coming years, driven by factors such as declining costs of solar panels, increasing governmental support for renewable energy, and growing demand for energy-efficient solutions. Also, the solar PV backsheet is a critical component in the protection of PV modules from environmental degradation and electrical hazards. The market is expected to grow due to the increasing demand for solar energy and the need for durable, weather-resistant materials in solar panels.
The Solar PV Backsheet Market is expected to grow at a steady rate of around 19% during the forecast period (2022-2028) owing to the increasing demand for green energy-based electricity coupled with the increasing investment and technological advancement in the renewable energy sector. Major companies in the market are focusing to provide solar PV backsheet with technologically advanced features along with new product launches, collaboration, and mergers & acquisitions. For instance, in June 2020, Nexans Solar Technologies inked an agreement with Reden company for the manufacturing and installation of the 800-unit solar tracker in France.
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Based on the type, the market is bifurcated into the fluoropolymer and non-fluoropolymer segments. The fluoropolymer segments are expected to witness significant market growth during the forecast period owing to the ability to prevent atmospheric exposure such as rain, cold, etc., and mitigate the electric shock caused by any reason. Also, fluoropolymers are inert in nature and have low surface energy, and could be used as the adhesive to the junction box.
On the basis of application, the market is categorized into commercial, industrial, utility, and residential segments. Among these, the utility segment to hold a significant share of the market in 2020. This is mainly due to the increasing demand for energy and power around the world. Also, Utility-scale solar energy systems often use high-performance back sheets materials, such as those made from fluoropolymers, which provide additional protection against extreme temperatures, UV radiation, and moisture. The use of high-quality back sheets in utility-scale solar systems helps to increase the reliability and efficiency of the panels while reducing the risk of degradation and failure and is expected to support market growth.
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For a better understanding of the market adoption of the solar PV Backsheet industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. APAC is anticipated to grow at a substantial CAGR during the forecast period. This is mainly attributed to the region’s rising energy consumption and rising use of renewable energy sources. Additionally, the focus on replacing the aging power infrastructure with the smart grid and smart technologies as well as the strict government regulations for carbon emissions are expected to propel the market expansion during the forecast period. In addition, the beginning of a new renewable energy project and an increase in grid technology digitalization will promote market expansion. For instance, according to the power technology, there are several solar power projects have been launched in the Asia-Pacific including Golmud Solae CSP Power Plant in China and Mudigubba Solar Park in India. Additionally, it is expected that rising R&D expenditures and investments in transmission and distribution infrastructure will fuel industry expansion.
Some of the major players operating in the market include DuPont, Agfa-Gevaert NV, HANGZHOU FIRST APPLIED MATERIAL CO.LTD., DUNMORE, Mitsubishi Polyester Film Inc., TORAY INDUSTRIES, INC., Coveme, Isovoltaic, Canadian Solar, and Jolywood.
Global Solar PV Backsheet Market Segmentation
Market Insight, by Type
· Fluoropolymer
· Non-Fluoropolymer
Market Insight, by installation
· Floating Power Plant
· Pitched Roof Solar
· Ground Mount Solar
· Other
Market Insight, by Application
· Commercial
· Industrial
· Residential
· Utility
Market Insight, by Region
· North America
o US
o Canada
o Rest of North America
· Europe
o Germany
o United Kingdom
o France
o Italy
o Spain
o Rest of Europe
· Asia-Pacific
o China
o Japan
o India
o Rest of Asia-Pacific
· Rest of the World
Top Company Profiles
· DuPont
· Agfa-Gevaert NV
· HANGZHOU FIRST APPLIED MATERIAL CO.LTD.
· DUNMORE
· Mitsubishi Polyester Film Inc.
· TORAY INDUSTRIES, INC.
· Coveme
· Isovoltaic
· Canadian Solar
· Jolywood
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