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Increased solar PV installation and a growing share of renewable energy sources in the power generation mixare the primary market drivers improving the market growth.
The increasing need for clean power to produce solar photovoltaic panels is driving up the price of solar PV backsheet films. Furthermore, solar energy has seen an increase in demand and gained significant traction in recent years due to its low cost. Demand for solar backsheet film is expected to increase over the forecast period thanks to government incentives such tax credits, rebates, and feed-in tariffs to promote the construction of solar PV systems.
As the world's carbon emissions have been steadily climbing over the past few years, a search for renewable electrical energy sources has become urgent. Since solar is a renewable resource and the government has lofty goals in this area, it has become quite appealing to financial backers. Countries like China, Germany, and the United States have emerged as solar powerhouses over the past decade, increasing their electricity generation via solar PV, which has boosted the solar back sheet market.
A solar PV module's outermost layer is the solar cell back sheet, hence every solar panel setup needs to have one. The rear sheet's primary function is to insulate the solar PV module from electrical currents and to prevent moisture from penetrating the module and damaging the system. The rapid growth of the global solar PV market has spurred the development of numerous solar-powered appliances and vehicles. These include solar-powered air conditioners, chargers, inverters, chimneys, refrigerators, stoves, dryers, streetlights, traffic lights, cars, buses, and more.
The outermost layer of a solar panel is bonded to the outermost layer of the fluoropolymer solar back sheet. Polyvinyl fluoride (PVF) or polyvinylidene fluoride (PVDF) is used for both the inner and outer layers of the solar back sheet. In contrast, the middle layer comprises polyethylene terephthalate (PET or polyester). By 2020, the bulk of the market for back sheets was made of fluoropolymer. Added safety features, such as proven hydrolytic stability and excellent resistance to weathering effects in a variety of situations with a PVF or PVDF layer, make the back sheet of fluoropolymer more expensive than that of non-fluoropolymer.Utility-scale projects and the fluoropolymer solar back sheet market drove the rapid expansion of solar power from 30.13 GW in 2011 to 138.2 GW in 2020, as reported by SolarPower Europe. As a result of this feature, the predicted CAGR of the market rises.
Furthermore, the solar back sheet business is significantly expanding the use of solar power. Growth in the market is anticipated to be driven by factors such as rising installations of solar PV systems, rising initiatives and support from governments of various developed and developing countries, and implementation of the most recent policies to promote the adoption of renewable energy sources. Growth in the market is also anticipated to be fueled by falling production costs for solar back sheets as a result of government incentives. The expansion of the renewable energy industry, which has great potential, should also boost the development of the target market. Another driver expected to fuel Solar Backsheet market growth is technological developments in solar back sheets, which will lead to new product innovations.
North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa are now all represented in the global solar back-sheet industry as both developed and developing nations have begun to perceive solar as an alternative to conventional energy sources. China produces more solar panels than any other country and uses solar energy to power more homes than any other country. The use of solar panels has increased dramatically in countries across Asia and the Pacific, including India and Indonesia. In Europe Italy, UK, Spain are the leading contributors to the solar back-sheet market, while Germany stands as the greatest energy producer using solar.
Report Coverage
Global Solar Backsheet Films research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Solar Backsheet Films report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Solar Backsheet Films competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Solar Backsheet Films market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Solar Backsheet Films market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Solar Backsheet Films market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
DuPont de Nemours, Inc., COVEME s.p.a., Arkema, TOYO ALUMINIUM K.K., Targray Technology International Inc., Cybrid Technologies Inc., Trina Solar, Canadian Solar, Mitsubishi Chemical America, Inc., 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).
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Solar Backsheet Films market based on the below-mentioned segments:
Global Solar Backsheet Films Market, By Type
Fluoropolymer
Non-Fluoropolymer
Global Solar Backsheet Films market, By Application
Utility
Residential
Others
Global Solar Backsheet Films Market, By Installation
Roof Mounted
Ground Mounted
Floating Power Plant
Global Solar Backsheet Films market, Regional Analysis
The increasing need for clean power to produce solar photovoltaic panels is driving up the price of solar PV backsheet films. Furthermore, solar energy has seen an increase in demand and gained significant traction in recent years due to its low cost. Demand for solar backsheet film is expected to increase over the forecast period thanks to government incentives such tax credits, rebates, and feed-in tariffs to promote the construction of solar PV systems.
As the world's carbon emissions have been steadily climbing over the past few years, a search for renewable electrical energy sources has become urgent. Since solar is a renewable resource and the government has lofty goals in this area, it has become quite appealing to financial backers. Countries like China, Germany, and the United States have emerged as solar powerhouses over the past decade, increasing their electricity generation via solar PV, which has boosted the solar back sheet market.
A solar PV module's outermost layer is the solar cell back sheet, hence every solar panel setup needs to have one. The rear sheet's primary function is to insulate the solar PV module from electrical currents and to prevent moisture from penetrating the module and damaging the system. The rapid growth of the global solar PV market has spurred the development of numerous solar-powered appliances and vehicles. These include solar-powered air conditioners, chargers, inverters, chimneys, refrigerators, stoves, dryers, streetlights, traffic lights, cars, buses, and more.
The outermost layer of a solar panel is bonded to the outermost layer of the fluoropolymer solar back sheet. Polyvinyl fluoride (PVF) or polyvinylidene fluoride (PVDF) is used for both the inner and outer layers of the solar back sheet. In contrast, the middle layer comprises polyethylene terephthalate (PET or polyester). By 2020, the bulk of the market for back sheets was made of fluoropolymer. Added safety features, such as proven hydrolytic stability and excellent resistance to weathering effects in a variety of situations with a PVF or PVDF layer, make the back sheet of fluoropolymer more expensive than that of non-fluoropolymer.Utility-scale projects and the fluoropolymer solar back sheet market drove the rapid expansion of solar power from 30.13 GW in 2011 to 138.2 GW in 2020, as reported by SolarPower Europe. As a result of this feature, the predicted CAGR of the market rises.
Furthermore, the solar back sheet business is significantly expanding the use of solar power. Growth in the market is anticipated to be driven by factors such as rising installations of solar PV systems, rising initiatives and support from governments of various developed and developing countries, and implementation of the most recent policies to promote the adoption of renewable energy sources. Growth in the market is also anticipated to be fueled by falling production costs for solar back sheets as a result of government incentives. The expansion of the renewable energy industry, which has great potential, should also boost the development of the target market. Another driver expected to fuel Solar Backsheet market growth is technological developments in solar back sheets, which will lead to new product innovations.
North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa are now all represented in the global solar back-sheet industry as both developed and developing nations have begun to perceive solar as an alternative to conventional energy sources. China produces more solar panels than any other country and uses solar energy to power more homes than any other country. The use of solar panels has increased dramatically in countries across Asia and the Pacific, including India and Indonesia. In Europe Italy, UK, Spain are the leading contributors to the solar back-sheet market, while Germany stands as the greatest energy producer using solar.
Report Coverage
Global Solar Backsheet Films research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Solar Backsheet Films report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Solar Backsheet Films competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Solar Backsheet Films market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | DuPont de Nemours, Inc., COVEME s.p.a., Arkema, TOYO ALUMINIUM K.K., Targray Technology International Inc., Cybrid Technologies Inc., Trina Solar, Canadian Solar, Mitsubishi Chemical America, Inc., 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). |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Solar Backsheet Films Market from 2021 to 2030.
- Market Forecast for Solar Backsheet Films Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Solar Backsheet Films competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Solar Backsheet Films
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Solar Backsheet Films market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Solar Backsheet Films market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
DuPont de Nemours, Inc., COVEME s.p.a., Arkema, TOYO ALUMINIUM K.K., Targray Technology International Inc., Cybrid Technologies Inc., Trina Solar, Canadian Solar, Mitsubishi Chemical America, Inc., 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).
Primary Target Market
- Market Players of Solar Backsheet Films
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Solar Backsheet Films market based on the below-mentioned segments:
Global Solar Backsheet Films Market, By Type
Fluoropolymer
Non-Fluoropolymer
Global Solar Backsheet Films market, By Application
Utility
Residential
Others
Global Solar Backsheet Films Market, By Installation
Roof Mounted
Ground Mounted
Floating Power Plant
Global Solar Backsheet Films market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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