Summary

Global Solar PV Backsheet Market is expected to grow at a significant rate of around 19% during the forecast period. 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 backsheets 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.

DuPont, Agfa-Gevaert NV, HANGZHOU FIRST APPLIED MATERIAL CO.LTD., DUNMORE, Mitsubishi Polyester Film Inc., TORAY INDUSTRIES, INC., Covem, Isovoltaic, Canadian Solar, and Jolywood are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report
“Amongst type, fluoropolymer category to witness higher market growth during the forecast period.”
Based on the type, the market is bifurcated into the fluoropolymer and non-fluoropolymer segments. Due to its capacity to shield panels from atmospheric exposure such as rain, cold, etc., and to reduce the adverse effects of electric shock from any source, fluoropolymer segments are expected to experience considerable market expansion over the course of the projection period. Additionally, fluoropolymers, which are inert by nature and have low surface energy, could be employed as the junction box's glue. Also, they have exceptional chemical resistance, high-temperature tolerance, low coefficient of friction, and non-stick properties and are expected to contribute to market growth.

“Amongst application, the utility segment to hold a significant share in the market in 2020.”
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 backsheet materials, such as those made from fluoropolymers, which provide additional protection against extreme temperatures, UV radiation, and moisture. The use of high-quality backsheets 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.

“Asia-Pacific to hold a significant share in the market.”
In 2020, Asia-Pacific held a significant share of the global solar PV backsheet market. 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.

Reasons to buy this report:
• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:
The global solar PV backsheet market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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