The global solar PV backsheet market size was US$ 2,110.0 million in 2021 and is expected to reach USD 3,301.46 million by 2030, registering a CAGR of 5.10% during the forecast period from 2022 to 2030.
The photovoltaic (PV) cells in a solar panel are shielded by a thin, lightweight, and flexible material called the solar PV back sheet. It keeps the cells from overheating and keeps debris and water from entering the panel. The backsheet additionally fortifies and shields the panel from harm. Solar PV backsheets come in two varieties: fluoropolymer and non-fluoropolymer. Materials like polyvinylidene fluoride (PVDF) or ethylene tetrafluoroethylene (ETFE) are used to make fluoropolymer back sheets. They cost more than non-fluoropolymer backsheets, but they insulate more effectively.
Factors Influencing Market Growth
Impact Analysis of COVID-19
The COVID-19 pandemic outbreak had an impact on a number of businesses and countries owing to the global lockdown, which temporarily forbade import, export, manufacturing, and processing activities. Additionally, companies have held the funding for R&D projects on the creation of solar PV backsheets. Due to this, the market's growth slowed down in the second, third, and fourth quarters of 2020. The COVID-19 immunization, which has started in many economies worldwide, is projected to revive the global economy and manufacturing activities and resume R&D facilities. Therefore, the solar PV backsheets market will recover during the forecast period.
Regional Overview
The Asia Pacific region dominated the global market and is expected to generate the highest growth rate during the forecast period. With regard to generating electricity, the emphasis has switched to renewable sources like wind and solar energy due to rising pollution from greenhouse gas (GHG) emissions in China and India. Solar energy is becoming increasingly important, as seen by the initiatives launched by numerous countries. Government-set goals for the installation of solar-powered facilities will accelerate the market's growth in the residential and commercial sectors. By 2030, Japan wants to generate 22% to 24% of its total electricity from renewable sources. The government has placed a greater emphasis on solar PV installations over the previous two to three years, which is likely to raise demand for the global market in the region.
Prominent Companies
Some of the leading players operating in the global solar PV backsheet market are:
Segmentation Outline
The global solar PV backsheet market segmentation focuses on Product, End-user, and Region.
By Product
By End-User
By Region
[TABLE OF CONTENTS]
1 INTRODUCTION OF GLOBAL SOLAR PV BACKSHEET MARKET
1.1 OVERVIEW OF THE MARKET
1.2 SCOPE OF REPORT
1.3 ASSUMPTIONS
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY
3.1 DATA MINING
3.2 VALIDATION
3.3 PRIMARY INTERVIEWS
3.4 LIST OF DATA SOURCES
4 GLOBAL SOLAR PV BACKSHEET MARKET OUTLOOK
4.1 OVERVIEW
4.2 MARKET DYNAMICS
4.2.1 DRIVERS
4.2.2 RESTRAINTS
4.2.3 OPPORTUNITIES
4.3 PORTERS FIVE FORCE MODEL
4.4 VALUE CHAIN ANALYSIS
5 GLOBAL SOLAR PV BACKSHEET MARKET, BY PRODUCT
5.1 OVERVIEW
5.2 FLUOROPOLYMER
5.3 NON-FLUOROPOLYMER
6 GLOBAL SOLAR PV BACKSHEET MARKET, BY END-USER
6.1 OVERVIEW
6.2 UTILITY
6.3 COMMERCIAL
6.4 RESIDENTIAL
7 GLOBAL SOLAR PV BACKSHEET MARKET, BY GEOGRAPHY
7.1 OVERVIEW
7.2 NORTH AMERICA
7.2.1 NORTH AMERICA MARKET SNAPSHOT
7.2.2 U.S.
7.2.3 CANADA
7.2.4 MEXICO
7.3 EUROPE
7.3.1 EUROPE MARKET SNAPSHOT
7.3.2 WESTERN EUROPE
7.3.2.1 THE UK
7.3.2.2 GERMANY
7.3.2.3 FRANCE
7.3.2.4 ITALY
7.3.2.5 SPAIN
7.3.2.6 REST OF WESTERN EUROPE
7.3.3 EASTERN EUROPE
7.3.3.1 POLAND
7.3.3.2 RUSSIA
7.3.3.3 REST OF EASTERN EUROPE
7.4 ASIA PACIFIC
7.4.1 ASIA PACIFIC MARKET SNAPSHOT
7.4.2 CHINA
7.4.3 JAPAN
7.4.4 INDIA
7.4.5 AUSTRALIA & NEW ZEALAND
7.4.6 ASEAN
7.4.7 REST OF ASIA PACIFIC
7.5 MIDDLE EAST & AFRICA
7.5.1 MIDDLE EAST & AFRICA MARKET SNAPSHOT
7.5.2 UAE
7.5.3 SAUDI ARABIA
7.5.4 SOUTH AFRICA
7.5.5 REST OF MEA
7.6 SOUTH AMERICA
7.6.1 SOUTH AMERICA MARKET SNAPSHOT
7.6.2 BRAZIL
7.6.3 ARGENTINA
7.6.4 REST OF SOUTH AMERICA
8 GLOBAL SOLAR PV BACKSHEET MARKET COMPETITIVE LANDSCAPE
8.1 OVERVIEW
8.2 COMPANY MARKET RANKING
8.3 KEY DEVELOPMENT STRATEGIES
9 COMPANY PROFILE
9.1 AGFA GEVAERT NV
9.1.1 OVERVIEW
9.1.2 FINANCIAL PERFORMANCE
9.1.3 PRODUCT OUTLOOK
9.1.4 KEY DEVELOPMENTS
9.2 ARKEMA GROUP
9.2.1 OVERVIEW
9.2.2 FINANCIAL PERFORMANCE
9.2.3 PRODUCT OUTLOOK
9.2.4 KEY DEVELOPMENTS
9.3 COVEME SPA
9.3.1 OVERVIEW
9.3.2 FINANCIAL PERFORMANCE
9.3.3 PRODUCT OUTLOOK
9.3.4 KEY DEVELOPMENTS
9.4 CYBRID TECHNOLOGIES INC.
9.4.1 OVERVIEW
9.4.2 FINANCIAL PERFORMANCE
9.4.3 PRODUCT OUTLOOK
9.4.4 KEY DEVELOPMENTS
9.5 DUNMORE CORP.
9.5.1 OVERVIEW
9.5.2 FINANCIAL PERFORMANCE
9.5.3 PRODUCT OUTLOOK
9.5.4 KEY DEVELOPMENTS
9.6 DUPONT DE NEMOURS INC.
9.6.1 OVERVIEW
9.6.2 FINANCIAL PERFORMANCE
9.6.3 PRODUCT OUTLOOK
9.6.4 KEY DEVELOPMENTS
9.7 FLEXCON CO. INC.
9.7.1 OVERVIEW
9.7.2 FINANCIAL PERFORMANCE
9.7.3 PRODUCT OUTLOOK
9.7.4 KEY DEVELOPMENTS
9.8 HONEYWELL INTERNATIONAL INC.
9.8.1 OVERVIEW
9.8.2 FINANCIAL PERFORMANCE
9.8.3 PRODUCT OUTLOOK
9.8.4 KEY DEVELOPMENTS
9.9 JIANGSU ZHONGTIAN TECHNOLOGY CO LTD
9.9.1 OVERVIEW
9.9.2 FINANCIAL PERFORMANCE
9.9.3 PRODUCT OUTLOOK
9.9.4 KEY DEVELOPMENTS
9.10 JOLYWOOD (SUZHOU) SUNWATT CO LTD
9.10.1 OVERVIEW
9.10.2 FINANCIAL PERFORMANCE
9.10.3 PRODUCT OUTLOOK
9.10.4 KEY DEVELOPMENTS
9.11 KONINKLIJKE DSM NV
9.11.1 OVERVIEW
9.11.2 FINANCIAL PERFORMANCE
9.11.3 PRODUCT OUTLOOK
9.11.4 KEY DEVELOPMENTS
9.12 KREMPEL GMBH
9.12.1 OVERVIEW
9.12.2 FINANCIAL PERFORMANCE
9.12.3 PRODUCT OUTLOOK
9.12.4 KEY DEVELOPMENTS
9.13 MITSUBISHI CORP.
9.13.1 OVERVIEW
9.13.2 FINANCIAL PERFORMANCE
9.13.3 PRODUCT OUTLOOK
9.13.4 KEY DEVELOPMENTS
9.14 NIPPON LIGHT METAL HOLDINGS CO. LTD.
9.14.1 OVERVIEW
9.14.2 FINANCIAL PERFORMANCE
9.14.3 PRODUCT OUTLOOK
9.14.4 KEY DEVELOPMENTS
9.15 TARGRAY TECHNOLOGY INTERNATIONAL INC.
9.15.1 OVERVIEW
9.15.2 FINANCIAL PERFORMANCE
9.15.3 PRODUCT OUTLOOK
9.15.4 KEY DEVELOPMENTS
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