Solar Backsheet - Global Market Outlook (2019 -2027)
According to Stratistics MRC, the Global Solar Backsheet Market is accounted for $1.76 billion in 2019 and is expected to reach $3.27 billion by 2027 growing at a CAGR of 8.0% during the forecast period. Rising installation of solar PV and policy supports from governments to enable adoption of renewable technologies are the major factors propelling the market growth. However, high installation and storage cost of solar PV power are hampering the market growth.
Solar backsheet is basically a covering which we can see on the back of solar panel which can be made from a polymer or combination of various types of polymer. Solar backsheet improves the overall efficiency of the solar panel module by optimizing reflectance characteristics. It provides good stability under freeze thaw and damp heat conditions. It provides remarkable bond strength across extreme environmental conditions. A good quality solar backsheet is necessary, as a poor quality sheet can lead to unwanted maintenance, system degradation, and replacements.
Based on the type, the fluoropolymer segment is going to have a lucrative growth during the forecast period due to the property of resistance to environmental damage, such as ultra-violate radiation, and humidity and vapour penetration. Moreover, it has been expected that the robust demand for utility-scale solar projects would drive the future market of fluoropolymer backsheet in the country.
By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to the significant increase in solar PV installation in China and India. Continuously, growing investment in India China, and Japan to generate electric energy from renewable energy sources such as solar energy are mainly driving the solar backsheet market during the forecast period.
Some of the key players profiled in the Solar Backsheet Market include 3M, Arkema, Astenik, Coveme, Cybrid, Dunmore, Dupont, Hangzhou First, Honeywell, Isovoltaic, Jolywood, Krempel, Mitsubishi Polyester Film, Taiflex, Targray, Toray, and ZTT International.
• Greater than 500mm
• Less than 100mm
• Floating Power Plant
Sales Channels Covered:
• Manufacturer/Distributor/Service Provider
Cell Types Covered:
• Photovoltaic Cell
• Thin Film Solar Cell
• Utility & Power
• Street Light
• Consumer Goods
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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- Market share assessments for the regional and country-level segments
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- Covers Market data for the years 2018, 2019 2020, 2024, and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
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