Solar Backsheet Market Size, Share & Growth Analysis Report to 2030

Global Solar Backsheet Market Size, Share, Trends, Industry Growth by Type (Fluoropolymer, Non-fluoropolymer), by Installation (Roof-Mounted, Ground-Mounted, Floating Power Plant), by Thickness, by Application, by Region, and Forecast to 2030

Report ID: RC51775 | Report Format: PDF + Excel | Starting Price: 3600/- USD | Last Updated: June 30th, 2023

The global solar backsheet market size is anticipated to register a significant CAGR of ~ 19% during the forecast period from 2023 to 2030. The growing penetration of solar energy systems coupled with the government’s supportive policies to adopt the renewable energy source is estimated to drive the industry growth significantly. Furthermore, the increasing focus to minimize carbon emissions and the growing restriction on conventional fossil fuel energy sources are further anticipated to propel the market growth. Moreover, the decreasing cost of solar panels and other associated components and the growing adoption of renewable energy sources across various government and private organizations are expected to boost the market over the forecast period.

Market Snapshot:

Benchmark Year		2022
Market Size		$ xx.x Mn
Market Growth (CAGR)		~ 19% (2023-2030)
Largest Market Share		Asia Pacific
Analysis Period		2020-2030
Market Players		DuPont de Nemours Inc., Isovoltaic AG, Coveme SpA, Arkema SA, and 3M Co

Market Drivers:

Increasing Solar PV Installations: The global transition toward renewable energy sources, particularly solar photovoltaic (PV) installations, is a significant driving factor for the solar backsheet market. The growing adoption of solar PV systems in residential, commercial, and utility-scale projects creates a demand for high-quality backsheet materials to protect and enhance the performance of solar modules.

Stringent Safety and Quality Standards: Safety and quality standards play a crucial role in the solar industry. Solar backsheets are an integral component of PV modules and need to meet stringent industry standards for electrical insulation, weather resistance, flame retardancy, and durability. The demand for compliant backsheets that meet these standards drives the growth of the solar backsheet market.

Technological Advancements in Backsheet Materials: Technological advancements in backsheet materials contribute to the growth of the solar backsheet market. Manufacturers are developing innovative backsheet materials that offer improved electrical performance, better UV resistance, enhanced moisture barrier properties, and increased durability. These advancements attract solar module manufacturers and installers to opt for advanced backsheet materials, boosting market demand.

Increasing Focus on Module Efficiency and Performance: Solar module efficiency and performance are crucial factors for maximizing energy production and reducing the levelized cost of electricity. Solar backsheets play a vital role in module performance by protecting the solar cells from environmental factors and minimizing power losses. The focus on improving module efficiency and performance drives the demand for high-quality backsheets that offer better electrical insulation and thermal management properties.

Growing Investments in Renewable Energy: Governments, organizations, and investors worldwide are making significant investments in renewable energy, including solar power projects. Incentives, subsidies, and favorable policies for solar energy installations drive the demand for solar modules and, consequently, solar backsheets. The increasing investments in solar projects contribute to the growth of the solar backsheet market.

Rising Environmental Awareness: Increasing environmental awareness and the need for sustainable energy solutions are driving the demand for solar power generation. Solar energy is a clean and renewable source of energy that helps reduce greenhouse gas emissions and dependence on fossil fuels. Solar backsheets, made from recyclable or environmentally friendly materials, align with the sustainability goals of consumers, solar developers, and governments, further driving their demand.

Cost Reduction and Competitive Pricing: The solar industry has witnessed significant cost reductions in recent years, making solar energy more affordable and competitive with conventional energy sources. This cost reduction extends to solar backsheet materials as well. Manufacturers are optimizing their production processes, improving material efficiency, and leveraging economies of scale to offer competitively priced backsheets. The availability of cost-effective solar backsheet solutions stimulates market growth.

Favorable Government Policies and Incentives: Supportive government policies, incentives, and subsidies for solar energy deployment encourage the adoption of solar PV systems. Governments worldwide are implementing feed-in tariffs, tax credits, net metering, and other incentives to promote solar power generation. These favorable policies create a conducive environment for solar installations, driving the demand for solar backsheets.

Market Insights:

The global solar backsheet market is bifurcated into type, installation, thickness, application, and geography. On the basis of type, the market is further segmented into fluoropolymer and non-fluoropolymer. The fluoropolymer segment dominated the global market in 2022 and is expected to grow at the same trend over the forecast period. it provides superior resistance to environmental damage, such as ultra-violet radiation, humidity, and vapor penetration. Furthermore, they also protect against harmful environmental influences such as UV radiation, moisture, extreme temperatures, fine particles such as sand particles, and harmful gases such as ammonia, which helps prevent costly failures.

On the basis of installation, the global solar backsheet market is segmented into roof-mounted, ground-mounted, and floating power plants. The floating solar power plant segment is estimated to grow at the highest growth rate over the forecast period. The ability of these plants to generate more power due to the cold nature of the water is a major factor driving the growth of the segment. Floating power plants also solve the issue of land scarcity, which is a significant constraint in land-based solar installations. The floating solar power plant requires a stable water body such as a dam, wastewater, or lake for installation. This helps in saving valuable land area for purposes like farming and cultivation. Thus, the growing installation of floating solar power plants across the world is anticipated to propel the segment growth over the forecast period.

Solar Backsheet Market Growth

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The global solar backsheet market report explores the critical analysis of the industry using key parameters. The report covers investment strategies, the need for investment in the industry, and several benefits for investors. Significantly, this report sets out major changes in the global technical regulations for the market, as well as how economic and non-economic constraints are helping the market to grow. Furthermore, the report analyzes the historic and forecasted market size at the global, regional, and country-level. The report also provides a comprehensive analysis of key investment proposals, competitor positions, porter’s five force analysis, pestel analysis, SWOT analysis, value chain analysis, etc.

The solar backsheet market research report presents the analysis of each segment from 2020 to 2030 considering 2022 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2023 to 2030.

Historical & Forecast Period

2020-21 – Historical Year
2022 – Base Year
2023-2030 – Forecast Period

Market Segmentation:

By Type:

Spray-tray Type Deaeration
Spray Type Deaeration
Vacuum Type Deaeration

By Application:

Oxygen Removal
Water Heating
Aroma & Flavor Retention
Others

By End-Use Industry:

Food
Beverage
Beauty and Cosmetics
Healthcare
Chemicals
Consumer Goods
Others

By Region:

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

Regional Analysis:

On the basis of region, the Asia Pacific dominated the global market in the benchmark year and expected to maintain its dominance over the forecast period. The increasing government initiative to adopt renewable energy sources is one of the prominent factor driving the industry growth in the region. China is estimated to be the leading country in the region with around 175 GW of solar PV installations. It is expected to double its installed capacity by 2025. Furthermore, the increasing investment in infrastructural development is further anticipated to propel the market growth in the Asia Pacific.

Geographically, the solar backsheet market report comprises dedicated sections centering on the regional market revenue and trends. The solar backsheet market has been segmented on the basis of geographic regions into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The solar backsheet market has been extensively analyzed on the basis of various regional factors such as demographics, gross domestic product (GDP), inflation rate, acceptance, and others. Solar backsheet market estimates have also been provided for the historical years 2020 & 2021 along with forecasts for the period from 2023 – 2030.

Competitive Assessment:

Some of the major market players operating in the global solar backsheet market are DuPont de Nemours Inc., Isovoltaic AG, Coveme SpA, Arkema SA, and 3M Co. Companies are exploring markets by expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

Key Companies:

DuPont de Nemours Inc.
Isovoltaic AG
Coveme SpA
Arkema SA
3M Co.
Toyo Aluminium KK
Madico Inc.
Taiflex Scientific Co. Ltd.
Krempel GmbH
Targray Technology International Inc.

Key Questions Answered by Solar Backsheet Market Report

Global solar backsheet market forecasts from 2023-2030
Regional market forecasts from 2023-2030 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
Country-level forecasts from 2023-2030 covering 15 major countries from the regions as mentioned above
Solar backsheet submarket forecasts from 2023-2030 covering the market by type, installation, thickness, application, and geography
Various industry models such as SWOT analysis, Value Chain Analysis about the market
Analysis of the key factors driving and restraining the growth of the global, regional, and country-level solar backsheet markets from 2023-2030
Competitive Landscape and market positioning of the top 10 players operating in the market

Table of Content:

1. Preface

1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.4. Assumptions

2. Executive Summary

2.1. Global Solar Backsheet Market Portraiture
2.2. Global Solar Backsheet Market, by Type, 2022 (USD Mn)
2.3. Global Solar Backsheet Market, by Installation, 2022 (USD Mn)
2.4. Global Solar Backsheet Market, by Thickness, 2022 (USD Mn)
2.5. Global Solar Backsheet Market, by Application, 2022 (USD Mn)
2.6. Global Solar Backsheet Market, by Geography, 2022 (USD Mn)

3. Global Solar Backsheet Market Analysis

3.1. Solar Backsheet Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Attractive Investment Proposition
3.5. Competitive Analysis
3.6. Porter’s Five Force Analysis
3.6.1. Bargaining Power of Suppliers
3.6.2. Bargaining Power of Buyers
3.6.3. Threat of New Entrants
3.6.4. Threat of Substitutes
3.6.5. Degree of Competition
3.7. PESTLE Analysis
3.8. COVID-19 Impact Analysis

4. Global Solar Backsheet Market By Type, 2020 – 2030 (USD Mn)

4.1. Overview
4.2. Fluoropolymer
4.3. Non-fluoropolymer

5. Global Solar Backsheet Market By Installation, 2020 – 2030 (USD Mn)

5.1. Overview
5.2. Roof-Mounted
5.3. Ground-Mounted
5.4. Floating Power Plant

6. Global Solar Backsheet Market By Thickness, 2020 – 2030 (USD Mn)

6.1. Overview
6.2. Less than 100mm
6.3. 100-500mm
6.4. Greater than 500mm

7. Global Solar Backsheet Market By Application, 2020 – 2030 (USD Mn)

7.1. Overview
7.2. Commercial
7.3. Industrial
7.4. Residential
7.5. Utilities
7.6. Military

8. North America Solar Backsheet Market Analysis and Forecast, 2020 – 2030 (USD Mn)

8.1. Overview
8.2. North America Solar Backsheet Market by Type, (2020-2030 USD Mn)
8.3. North America Solar Backsheet Market by Installation, (2020-2030 USD Mn)
8.4. North America Solar Backsheet Market by Thickness, (2020-2030 USD Mn)
8.5. North America Solar Backsheet Market by Application, (2020-2030 USD Mn)
8.6. North America Solar Backsheet Market by Country, (2020-2030 USD Mn)
8.6.1. U.S.
8.6.1.1. U.S. Solar Backsheet Market by Type, (2020-2030 USD Mn)
8.6.1.2. U.S. Solar Backsheet Market by Installation, (2020-2030 USD Mn)
8.6.1.3. U.S. Solar Backsheet Market by Thickness, (2020-2030 USD Mn)
8.6.1.4. U.S. Solar Backsheet Market by Application, (2020-2030 USD Mn)
8.6.2. Canada
8.6.2.1. Canada Solar Backsheet Market by Type, (2020-2030 USD Mn)
8.6.2.2. Canada Solar Backsheet Market by Installation, (2020-2030 USD Mn)
8.6.2.3. Canada Solar Backsheet Market by Thickness, (2020-2030 USD Mn)
8.6.2.4. Canada Solar Backsheet Market by Application, (2020-2030 USD Mn)

9. Europe Solar Backsheet Market Analysis and Forecast, 2020 - 2030 (USD Mn)

9.1. Overview
9.2. Europe Solar Backsheet Market by Type, (2020-2030 USD Mn)
9.3. Europe Solar Backsheet Market by Installation, (2020-2030 USD Mn)
9.4. Europe Solar Backsheet Market by Thickness, (2020-2030 USD Mn)
9.5. Europe Solar Backsheet Market by Application, (2020-2030 USD Mn)
9.6. Europe Solar Backsheet Market by Country, (2020-2030 USD Mn)
9.6.1. Germany
9.6.1.1. Germany Solar Backsheet Market by Type, (2020-2030 USD Mn)
9.6.1.2. Germany Solar Backsheet Market by Installation, (2020-2030 USD Mn)
9.6.1.3. Germany Solar Backsheet Market by Thickness, (2020-2030 USD Mn)
9.6.1.4. Germany Solar Backsheet Market by Application, (2020-2030 USD Mn)
9.6.2. U.K.
9.6.2.1. U.K. Solar Backsheet Market by Type, (2020-2030 USD Mn)
9.6.2.2. U.K. Solar Backsheet Market by Installation, (2020-2030 USD Mn)
9.6.2.3. U.K. Solar Backsheet Market by Thickness, (2020-2030 USD Mn)
9.6.2.4. U.K. Solar Backsheet Market by Application, (2020-2030 USD Mn)
9.6.3. France
9.6.3.1. France Solar Backsheet Market by Type, (2020-2030 USD Mn)
9.6.3.2. France Solar Backsheet Market by Installation, (2020-2030 USD Mn)
9.6.3.3. France Solar Backsheet Market by Thickness, (2020-2030 USD Mn)
9.6.3.4. France Solar Backsheet Market by Application, (2020-2030 USD Mn)
9.6.4. Spain
9.6.4.1. Spain Solar Backsheet Market by Type, (2020-2030 USD Mn)
9.6.4.2. Spain Solar Backsheet Market by Installation, (2020-2030 USD Mn)
9.6.4.3. Spain Solar Backsheet Market by Thickness, (2020-2030 USD Mn)
9.6.4.4. Spain Solar Backsheet Market by Application, (2020-2030 USD Mn)
9.6.5. Italy
9.6.5.1. Italy Solar Backsheet Market by Type, (2020-2030 USD Mn)
9.6.5.2. Italy Solar Backsheet Market by Installation, (2020-2030 USD Mn)
9.6.5.3. Italy Solar Backsheet Market by Thickness, (2020-2030 USD Mn)
9.6.5.4. Italy Solar Backsheet Market by Application, (2020-2030 USD Mn)
9.6.6. Rest of Europe
9.6.6.1. Rest of Europe Solar Backsheet Market by Type, (2020-2030 USD Mn)
9.6.6.2. Rest of Europe Solar Backsheet Market by Installation, (2020-2030 USD Mn)
9.6.6.3. Rest of Europe Solar Backsheet Market by Thickness, (2020-2030 USD Mn)
9.6.6.4. Rest of Europe Solar Backsheet Market by Application, (2020-2030 USD Mn)

10. Asia Pacific Solar Backsheet Market Analysis and Forecast, 2020 - 2030 (USD Mn)

10.1. Overview
10.2. Asia Pacific Solar Backsheet Market by Type, (2020-2030 USD Mn)
10.3. Asia Pacific Solar Backsheet Market by Installation, (2020-2030 USD Mn)
10.4. Asia Pacific Solar Backsheet Market by Thickness, (2020-2030 USD Mn)
10.5. Asia Pacific Solar Backsheet Market by Application, (2020-2030 USD Mn)
10.6. Asia Pacific Solar Backsheet Market by Country, (2020-2030 USD Mn)
10.6.1. China
10.6.1.1. China Solar Backsheet Market by Type, (2020-2030 USD Mn)
10.6.1.2. China Solar Backsheet Market by Installation, (2020-2030 USD Mn)
10.6.1.3. China Solar Backsheet Market by Thickness, (2020-2030 USD Mn)
10.6.1.4. China Solar Backsheet Market by Application, (2020-2030 USD Mn)
10.6.2. Japan
10.6.2.1. Japan Solar Backsheet Market by Type, (2020-2030 USD Mn)
10.6.2.2. Japan Solar Backsheet Market by Installation, (2020-2030 USD Mn)
10.6.2.3. Japan Solar Backsheet Market by Thickness, (2020-2030 USD Mn)
10.6.2.4. Japan Solar Backsheet Market by Application, (2020-2030 USD Mn)
10.6.3. India
10.6.3.1. India Solar Backsheet Market by Type, (2020-2030 USD Mn)
10.6.3.2. India Solar Backsheet Market by Installation, (2020-2030 USD Mn)
10.6.3.3. India Solar Backsheet Market by Thickness, (2020-2030 USD Mn)
10.6.3.4. India Solar Backsheet Market by Application, (2020-2030 USD Mn)
10.6.4. Rest of Asia Pacific
10.6.4.1. Rest of Asia Pacific Solar Backsheet Market by Type, (2020-2030 USD Mn)
10.6.4.2. Rest of Asia Pacific Solar Backsheet Market by Installation, (2020-2030 USD Mn)
10.6.4.3. Rest of Asia Pacific Solar Backsheet Market by Thickness, (2020-2030 USD Mn)
10.6.4.4. Rest of Asia Pacific Solar Backsheet Market by Application, (2020-2030 USD Mn)

11. Latin America (LATAM) Solar Backsheet Market Analysis and Forecast, 2020 - 2030 (USD Mn)

11.1. Overview
11.2. Latin America Solar Backsheet Market by Type, (2020-2030 USD Mn)
11.3. Latin America Solar Backsheet Market by Installation, (2020-2030 USD Mn)
11.4. Latin America Solar Backsheet Market by Thickness, (2020-2030 USD Mn)
11.5. Latin America Solar Backsheet Market by Application, (2020-2030 USD Mn)
11.6. Latin America Solar Backsheet Market by Country, (2020-2030 USD Mn)
11.6.1. Brazil
11.6.1.1. Brazil Solar Backsheet Market by Type, (2020-2030 USD Mn)
11.6.1.2. Brazil Solar Backsheet Market by Installation, (2020-2030 USD Mn)
11.6.1.3. Brazil Solar Backsheet Market by Thickness, (2020-2030 USD Mn)
11.6.1.4. Brazil Solar Backsheet Market by Application, (2020-2030 USD Mn)
11.6.2. Mexico
11.6.2.1. Mexico Solar Backsheet Market by Type, (2020-2030 USD Mn)
11.6.2.2. Mexico Solar Backsheet Market by Installation, (2020-2030 USD Mn)
11.6.2.3. Mexico Solar Backsheet Market by Thickness, (2020-2030 USD Mn)
11.6.2.4. Mexico Solar Backsheet Market by Application, (2020-2030 USD Mn)
11.6.3. Rest of Latin America
11.6.3.1. Rest of Latin America Solar Backsheet Market by Type, (2020-2030 USD Mn)
11.6.3.2. Rest of Latin America Solar Backsheet Market by Installation, (2020-2030 USD Mn)
11.6.3.3. Rest of Latin America Solar Backsheet Market by Thickness, (2020-2030 USD Mn)
11.6.3.4. Rest of Latin America Solar Backsheet Market by Application, (2020-2030 USD Mn)

12. Middle East and Africa Solar Backsheet Market Analysis and Forecast, 2020 - 2030 (USD Mn)

12.1. Overview
12.2. MEA Solar Backsheet Market by Type, (2020-2030 USD Mn)
12.3. MEA Solar Backsheet Market by Installation, (2020-2030 USD Mn)
12.4. MEA Solar Backsheet Market by Thickness, (2020-2030 USD Mn)
12.5. MEA Solar Backsheet Market by Application, (2020-2030 USD Mn)
12.6. Middle East and Africa Solar Backsheet Market, by Country, (2020-2030 USD Mn)
12.6.1. GCC
12.6.1.1. GCC Solar Backsheet Market by Type, (2020-2030 USD Mn)
12.6.1.2. GCC Solar Backsheet Market by Installation, (2020-2030 USD Mn)
12.6.1.3. GCC Solar Backsheet Market by Thickness, (2020-2030 USD Mn)
12.6.1.4. GCC Solar Backsheet Market by Application, (2020-2030 USD Mn)
12.6.2. South Africa
12.6.2.1. South Africa Solar Backsheet Market by Type, (2020-2030 USD Mn)
12.6.2.2. South Africa Solar Backsheet Market by Installation, (2020-2030 USD Mn)
12.6.2.3. South Africa Solar Backsheet Market by Thickness, (2020-2030 USD Mn)
12.6.2.4. South Africa Solar Backsheet Market by Application, (2020-2030 USD Mn)
12.6.3. Rest of MEA
12.6.3.1. Rest of MEA Solar Backsheet Market by Type, (2020-2030 USD Mn)
12.6.3.2. Rest of MEA Solar Backsheet Market by Installation, (2020-2030 USD Mn)
12.6.3.3. Rest of MEA Solar Backsheet Market by Thickness, (2020-2030 USD Mn)
12.6.3.4. Rest of MEA Solar Backsheet Market by Application, (2020-2030 USD Mn)

13. Company Profiles

13.1. DuPont de Nemours Inc.
13.1.1. Business Description
13.1.2. Financial Health and Budget Allocation
13.1.3. Product Positions/Portfolio
13.1.4. Recent Development
13.1.5. SWOT Analysis
13.2. Isovoltaic AG
13.2.1. Business Description
13.2.2. Financial Health and Budget Allocation
13.2.3. Product Positions/Portfolio
13.2.4. Recent Development
13.2.5. SWOT Analysis
13.3. Coveme SpA
13.3.1. Business Description
13.3.2. Financial Health and Budget Allocation
13.3.3. Product Positions/Portfolio
13.3.4. Recent Development
13.3.5. SWOT Analysis
13.4. Arkema SA
13.4.1. Business Description
13.4.2. Financial Health and Budget Allocation
13.4.3. Product Positions/Portfolio
13.4.4. Recent Development
13.4.5. SWOT Analysis
13.5. 3M Co.
13.5.1. Business Description
13.5.2. Financial Health and Budget Allocation
13.5.3. Product Positions/Portfolio
13.5.4. Recent Development
13.5.5. SWOT Analysis
13.6. Toyo Aluminium KK
13.6.1. Business Description
13.6.2. Financial Health and Budget Allocation
13.6.3. Product Positions/Portfolio
13.6.4. Recent Development
13.6.5. SWOT Analysis
13.7. Madico Inc.
13.7.1. Business Description
13.7.2. Financial Health and Budget Allocation
13.7.3. Product Positions/Portfolio
13.7.4. Recent Development
13.7.5. SWOT Analysis
13.8. Taiflex Scientific Co. Ltd.
13.8.1. Business Description
13.8.2. Financial Health and Budget Allocation
13.8.3. Product Positions/Portfolio
13.8.4. Recent Development
13.8.5. SWOT Analysis
13.9. Krempel GmbH
13.9.1. Business Description
13.9.2. Financial Health and Budget Allocation
13.9.3. Product Positions/Portfolio
13.9.4. Recent Development
13.9.5. SWOT Analysis
13.10. Targray Technology International Inc.
13.10.1. Business Description
13.10.2. Financial Health and Budget Allocation
13.10.3. Product Positions/Portfolio
13.10.4. Recent Development
13.10.5. SWOT Analysis

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