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In 2022, the market size for solar backsheets was estimated at USD 4.7 billion. According to projections, the market for solar backsheets would increase from USD 4.3952 billion in 2023 to USD 7.66543 billion in 2030, with a compound annual growth rate (CAGR) of 8.20% over the five-year forecast period (2023– 2030). The primary market drivers accelerating market expansion are an increase in solar PV installation and an increase in the percentage of renewable energy sources in the mix of power generation.
Three layers make up the fluoropolymer solar back sheet, which is affixed to the solar panel's top layer and has an inner, middle, and outer layer. The primary materials used to create the inner and outer layers of the solar back sheet are polyvinyl fluoride (PVF) or polyvinylidene fluoride (PVDF). The intermediate layer, however, is made of polyester or polyethylene terephthalate (PET). Fluoropolymer back sheets dominated the market share in 2020. Due to its additional safety features, such as its shown hydrolytic stability and strong resistance to weathering effects in a variety of situations with a PVF or PVDF layer, the fluoropolymer back sheet is more expensive than non-fluoropolymer back sheets.Between 2011 and 2020, according to SolarPower Europe, solar power increased quickly, from 30.13 GW in 2011 to 138.2 GW in 2020, largely due to utility-scale projects and the market for fluoropolymer solar back sheets. The CAGR prediction period is lengthened as a result of this factor.
Additionally, the market for solar back sheets is significantly boosting solar energy consumption. The adoption of the most recent policies to encourage the use of renewable energy sources, along with rising initiatives and support from the governments of various developed and developing countries, are anticipated to propel the market's growth over the course of the forecast period. The government's numerous incentives to solar back sheet manufacturers are also anticipated to lower production costs and spur industry expansion. Positive market growth is anticipated as a result of the renewable energy sector's promising expansion and development. Another aspect that is projected to lead to new product developments and boost the revenue of the solar backsheet market is technological advancements in solar back sheets.
The market's top players are spending a lot of money on R&D to diversify their product offerings, which will accelerate the Solar Backsheet market's expansion. Significant market changes include new product releases, contractual agreements, mergers and acquisitions, greater investments, and collaboration with other organisations. Market participants are also engaging in a variety of strategic initiatives to increase their presence. The solar backsheet market needs to provide affordable products if it is to grow and thrive in a more competitive and challenging environment.
One of the primary business strategies used by manufacturers in the Solar Backsheet industry to benefit customers and expand the market sector is local manufacturing to reduce operational costs. In recent years, the solar backsheet business has provided some of the most substantial environmental benefits. Major market participants like 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) are working to boost market demand by investing in research and development activities.
Report Coverage
Global Solar Backsheet 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 report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Solar Backsheet 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 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 market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Solar Backsheet 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
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 market based on the below-mentioned segments:
Global Solar Backsheet Market, By Type
Fluoropolymer
Non-Fluoropolymer
Global Solar Backsheet market, By Application
Utility
Residential
Others
Global Solar Backsheet Market, By Installation
Roof Mounted
Ground Mounted
Floating Power Plant
Global Solar Backsheet market, Regional Analysis
Three layers make up the fluoropolymer solar back sheet, which is affixed to the solar panel's top layer and has an inner, middle, and outer layer. The primary materials used to create the inner and outer layers of the solar back sheet are polyvinyl fluoride (PVF) or polyvinylidene fluoride (PVDF). The intermediate layer, however, is made of polyester or polyethylene terephthalate (PET). Fluoropolymer back sheets dominated the market share in 2020. Due to its additional safety features, such as its shown hydrolytic stability and strong resistance to weathering effects in a variety of situations with a PVF or PVDF layer, the fluoropolymer back sheet is more expensive than non-fluoropolymer back sheets.Between 2011 and 2020, according to SolarPower Europe, solar power increased quickly, from 30.13 GW in 2011 to 138.2 GW in 2020, largely due to utility-scale projects and the market for fluoropolymer solar back sheets. The CAGR prediction period is lengthened as a result of this factor.
Additionally, the market for solar back sheets is significantly boosting solar energy consumption. The adoption of the most recent policies to encourage the use of renewable energy sources, along with rising initiatives and support from the governments of various developed and developing countries, are anticipated to propel the market's growth over the course of the forecast period. The government's numerous incentives to solar back sheet manufacturers are also anticipated to lower production costs and spur industry expansion. Positive market growth is anticipated as a result of the renewable energy sector's promising expansion and development. Another aspect that is projected to lead to new product developments and boost the revenue of the solar backsheet market is technological advancements in solar back sheets.
The market's top players are spending a lot of money on R&D to diversify their product offerings, which will accelerate the Solar Backsheet market's expansion. Significant market changes include new product releases, contractual agreements, mergers and acquisitions, greater investments, and collaboration with other organisations. Market participants are also engaging in a variety of strategic initiatives to increase their presence. The solar backsheet market needs to provide affordable products if it is to grow and thrive in a more competitive and challenging environment.
One of the primary business strategies used by manufacturers in the Solar Backsheet industry to benefit customers and expand the market sector is local manufacturing to reduce operational costs. In recent years, the solar backsheet business has provided some of the most substantial environmental benefits. Major market participants like 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) are working to boost market demand by investing in research and development activities.
Report Coverage
Global Solar Backsheet 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 report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Solar Backsheet 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 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 | 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 Market from 2021 to 2030.
- Market Forecast for Solar Backsheet 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 competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Solar Backsheet
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Solar Backsheet market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Solar Backsheet 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
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
- 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 market based on the below-mentioned segments:
Global Solar Backsheet Market, By Type
Fluoropolymer
Non-Fluoropolymer
Global Solar Backsheet market, By Application
Utility
Residential
Others
Global Solar Backsheet Market, By Installation
Roof Mounted
Ground Mounted
Floating Power Plant
Global Solar Backsheet 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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