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Solar Backsheet Market Trends

ID: MRFR//5601-CR | 128 Pages | Author: Anshula Mandaokar| January 2024

Global Solar Backsheet Market Overview

Solar Backsheet Market Size was valued at 1,810.8 USD Million in 2022. The Solar Backsheet Market industry is projected to grow from USD 2,173.0 USD Million in 2023 to USD 5,188.9 Million by 2030, exhibiting a compound annual growth rate (CAGR) of 13.2% during the forecast period (2023 - 2030). Solar backsheet refers to the outer layer of the photovoltaic (PV) device that is used to protect and shield the inner peripherals of the solar module. 

The most used solar panels are non-, single- and double-fluoropolymer backsheet that can be mounted on roof, ground, or floating power plants. These backsheets are made of polymers or combinations of polymers and are placed on the bottom of the solar panels. It is extremely robust and has electrical insulation and protective properties against external influences, dust, chemicals, sand, wind, extreme temperatures, moisture and ultraviolet (UV) radiation. They also provide the mechanical, electrical, surface, and chemical properties that are essential to the longevity and safety of photovoltaic modules.

Solar Backsheet Market Overview

 Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


Solar Backsheet Market Trends

  • Increasing global investment in renewable energy will fuel the growth of the Solar Backsheet Market.

The effects of man-made climate change are putting people at risk. The result of this is ecological disturbance, altered weather patterns and global warming. A global decarbonize global energy is underway to mitigate the worst effects of man-made climate change. At the COP26 meeting in November 2021, world governments announced a historic commitment to achieve carbon neutrality by 2050.  

Delivering on the promise to achieve carbon neutrality on the agreed timetable will require significant investments in renewable energy. Many governments around the world have allocated large funds for the development of renewable energy.

The Build Back Better (BBB) ​​is a comprehensive economic stimulus package for the United States. The plan allows $180 Million for renewable energy research, development, and implementation, including climate impact studies. India aims to generate 175 GW of renewable energy by 2030. In 2022, India's renewable energy sector is estimated to receive up to US$ 15 Million in funding. Funding is expected to increase in the future. 

The EU and its main governing body, the European Commission (EC), have set a target of investing more than $100 Million a year in renewable energy by 2030, increasing their share to 32% over that period. Continued investment in renewable energy is needed to increase the adoption of solar energy worldwide. This will be a key driver for the growth of the global fund market.

A huge rise in solar panel installation will create growth opportunities for the Solar Backsheet Market.

The increase in solar panel installations worldwide has resulted in excellent growth opportunities for the Solar Backsheet Market. As the demand for clean and sustainable energy solutions continues to grow, governments, businesses and individuals are increasingly investing in solar projects. As a key component in solar panel manufacturing, solar panels play an important role in protecting solar cells from environmental factors. 

Increasing demand for solar panels due to environmental awareness, cost reductions, and government incentives are driving the demand for Solar Backsheet. In addition, technological advances in materials and manufacturing processes have improved the durability and efficiency of Solar Backsheet, which are critical to the success of solar energy projects.

Moreover, Solar roofs and efficient backsheets are increasing in demand in the residential, commercial, and industrial sectors due to the need for sustainable energy sources and focus on utility projects. As a result, the market is anticipating a promising future. The development of fluoropolymer backsheets has improved as one of the product developments acting as a growth engine. 

These modifications improve hydrolytic stability and resistance to adverse weather conditions. Other factors expected to drive the market include increasing deployment of micro-grid networks to meet growing demand for off-grid power and research and development activities.

Solar Backsheet Market Segment Insights

Solar Backsheet by Type Insights

The Solar Backsheet Market segmentation, based on Type has been segmented as Fluoropolymer and Non-fluoropolymer. Among these, the Fluoropolymer segment is projected to dominate the Solar Backsheet Market revenue through the projected period. 

Fluoropolymer solar backsheet is a type of protective material used in solar panels that provides thermal insulation, electrical insulation, and resistance to environmental factors such as UV rays, moisture, and weathering. It acts as the outermost layer of solar panels and plays an important role in maintaining the long-term performance and reliability of solar panels.

The fluoropolymer solar backsheet can be divided into two types: double fluoropolymer and single fluoropolymer. Double fluoropolymer refers to a backsheet made of two layers of fluoropolymer material. This type offers better weather protection and lasts longer. 

single fluoropolymer, on the other hand, have only one layer of fluoropolymer material. Good resistance to UV radiation and effective. Both types are widely used in the solar industry due to their many advantages and suitability for various applications.

Solar Backsheet by Installation Insights

Based on Installation, the Solar Backsheet Market is segmented as Roof-Mounted, Ground-Mounted, and Floating Power Plant. Out of which the Floating Power Plant segment dominated base year market and is also projected to dominate the Solar Backsheet Market revenue through the projected period.  

The growth of the market can be attributed to the ability of these power plants to generate more power due to the cooling nature of water. Floating plants clearly elucidate the issue of land constraints, which are a major barrier to round-mounted solar installations.

The advantage of using Floating Power Plant is Large floating solar plants help conserve water by reducing the evaporation process and cooling the PV modules. It generates clean energy to reduce the use of harmful fossil fuels. Land or rooftop solar panels’ efficiency reduces with time due to continuous exposure to extreme sunlight. 

Conversely, the cooling of water bodies protects the floating PV panels from heat damage and keeps them working efficiently for a long time.

Solar Backsheet by Thickness Insights

Based on Thickness, the Solar Backsheet Market is segmented as Less than 100mm, 100-500mm and Greater than 500mm. Out of which the Less than 100mm segment dominated base year market and is also projected to dominate the Solar Backsheet Market revenue through the projected period owing to low production cost and extensive use in small scale solar applications.

Solar Backsheet by Application Insights

The Solar Backsheet Market segmentation, based on Fuel has been segmented as Utility, Industrial, Commercial and Residential. Among these, the Utility segment held the maximum market share and is also expected to account for the significant revenue share during the forecast period owing to low production cost and extensive use in small-scale solar applications.

Solar Backsheet Regional Insights

Based on Region, the Solar Backsheet market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. The Asia Pacific Solar Backsheet market held the maximum market share and is also expected to account for the significant revenue share during the forecast period. There has been a significant increase in solar PV installations in the region, particularly in the economies of Japan, India, and China. 

In addition, the rapid urbanization and industrialization of developing countries is increasing the demand for high levels of energy consumption, due to the rapid growth of the renewable energy sector. Therefore, the markets of India and China are the largest revenue contributors in the Asia Pacific market to meet the growing energy demand. The other key markets with Asia Pacific market include South Korea and Australia markets.

However, North American market is expected to have the largest revenue share in the target market, followed by the European market. The revenue share of the North American market can be attributed to the early adoption of technology products, the rising number of initiatives by governments of the countries in the region towards the adoption of green and renewable energy options.

The market in the Middle East & Africa is also expected to witness a moderate growth rate along with the Latin America market. This is because nearly 100% Foreign Direct Investment (FDI) allowance in utility sector in countries in these regions.

Solar Backsheet Key Market Players & Competitive Insights

Key market players are emphasizing significantly on R&D for increasing their product offerings, which will further help the Solar Backsheet Market to grow considerably. Market players are adopting several business development strategies such as acquisitions, mergers, collaborations, and partnerships to enhance their market presence and acquire a larger customer base. To survive in the competitive market, industry players must provide cost effective products.

Solar Backsheet market is very competitive with market players trying to develop unique and innovative products and solutions, which could render the competitors’ offerings obsolete. The competitive environment is likely to grow further owing to rising technological advancements. 

Some of the key players operating in the Solar Backsheet Market are DuPont, 3M, Honeywell, Taiflex Scientific Co., Ltd., Krempel GmbH, Targray, Arkema, DUNMORE, Astenik Solar Inc., Coveme S.p.A. To increase their global reach and client base, key firms are concentrating on acquisitions and product innovation.

Solar Backsheet Industry Developments

October 2021:Coveme s.p.a participated in the InterSolar Europe exhibition held in Munich, Germany. The company has introduced a new range of backsheet films under the dyMAT brand. The new film is made from 100% recycled polyethylene terephthalate (PET) using the company's closed-loop recycling program for back sheets. The company plans to reduce the carbon footprint of its manufacturing operations by recycling its recycled back sheets.

August 2023- Alishan Green Energy, a prominent photovoltaic cell encapsulation film manufacturer, discloses the launch of Alishan BackPro back sheets in its portfolio. Using its extensive experience in research and development, innovative manufacturing techniques, and steady commitment to customer satisfaction, Alishan's BackPro is a thorough variety of fluoro and non-fluoro back sheets intended to redefine the solar energy industry. 

The organization is the first one in India to produce coated back sheets, and it aims to be a one-stop solution for encapsulant and backsheet requirements. Alishan's BackPro backsheets flourish and boast a host of extraordinary and strong features, making them different from conventional backsheets available in the market at present. Some of the key advantages are:

Proprietary Coating Material
Alishan backsheet comes with a patented coating material that improves its performance and longevity. With a better fluorine content than traditional PDF/PVF films, Alishan BackPro showcases brilliant weather resistance, making it perfect for demanding outdoor applications. In addition, the high reflectance on the cell side, united with proprietary cell side film, optimizes energy capture efficiency. 

Excellent UV Resistance
The patented coating material used in Alishan BackPro offers brilliant UV resistance, protecting the solar modules from the damaging effects of sustained exposure to sunlight. This UV protection extends the lifespan of solar panels, guaranteeing long-term durability and better efficiency.

Proprietary Binding Material
Alishan Green Energy utilizes a specially formulated binding material for coating Alishan BackPro, which fully avoids chalking – a common issue with some traditional backsheets. The advanced technique guarantees that the backsheet maintains its pristine appearance and performance over time.

Greater Bonding with EVA
The proprietary binding material not only avoids chalking but also nurtures brilliant bonding with Ethylene Vinyl Acetate (EVA), a critical component in solar module encapsulation. The strong bond avoids delamination, improving the overall reliability and performance of the solar modules.

Key Companies in the Solar Backsheet Market includes.

  • DuPont

  • 3M

  • Honeywell

  • Taiflex Scientific Co., Ltd.

  • Krempel GmbH

  • Targray

  • Arkema


  • Astenik Solar Inc.

  • Coveme S.p.A

Solar Backsheet Market Segmentation

Solar Backsheet Type Outlook

  • Fluoropolymer

  • Non-fluoropolymer

Solar Backsheet Rated Installation Outlook

  • Roof-Mounted

  • Ground-Mounted

  • Floating Power Plant

Solar Backsheet Thickness Outlook

  • Less than 100mm

  • 100-500mm

  • Greater than 500mm

Solar Backsheet Application Outlook

  • Utility

  • Industrial

  • Commercial

  • Residential

Solar Backsheet Regional Outlook

  • North America

    • US

    • Canada

  • Europe

    • Germany

    • UK

    • France

    • Russia

    • Italy

    • Spain

    • Rest of Europe

  • Asia-Pacific

    • China

    • India

    • Japan

    • South Korea

    • Rest of Asia-Pacific

  • Latin America

    • Brazil

    • Mexico

    • Argentina

    • Rest of Latin America

  • Middle East & Africa

    • GCC Countries

    • South Africa

    • Rest of Middle East & Africa

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