Solar PV Backsheet Market by Product and Geography - Forecast and Analysis 2021-2025

  • Published: Nov 2021
  • Pages: 120
  • SKU: IRTNTR44547
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The solar PV backsheet market share is expected to increase by USD 1.45 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 11.07%.

This solar PV backsheet market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers solar PV backsheet market segmentation by product (fluoropolymer and non-fluoropolymer) and geography (APAC, Europe, North America, South America, and MEA). The solar PV backsheet market report also offers information on several market vendors, including 3M Co., Agfa-Gevaert NV, Arkema SA, DuPont de Nemours Inc., Honeywell International Inc., Jolywood (Suzhou) Sunwatt Co. Ltd., Koninklijke DSM NV, KREMPEL GmbH, Nippon Light Metal Holdings Co. Ltd., and Toray Industries Inc. among others.

What will the Solar PV Backsheet Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Solar PV Backsheet Market Size for the Forecast Period and Other Important Statistics

 

Solar PV Backsheet Market: Key Drivers and Trends

The increasing use of thin-film solar PV modules is notably driving the solar PV backsheet market growth, although factors such as backsheet-associated PV module failures may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the solar PV backsheet industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Solar PV Backsheet Market Driver

Thin-film solar PV modules cost lower than other solar PV modules and offer improved flexibility as they can be installed on curved surfaces. The demand for thin-film solar PV modules is rising, thereby resulting in the capacity expansion of several solar PV module manufacturers. The use of thin-film solar PV modules has seen high growth in building-integrated photovoltaics (BIPVs) due to their flexible nature. BIPV systems offer high production of power as these maximize the surface area of the receiving solar panel. Backsheets play an integral role in thin-film solar PV modules as it replaces traditional glass modules used for solar module backing. Thus, thin-film solar PV modules require a backsheet with high cell efficiency, including properties like improved dielectric strength, reflectance, and durability. Therefore, the low-cost advantage and rising conversion efficiency of thin-film solar PV modules increase the solar power installation, which, in turn, directly contributes to the growth of the global solar PV backsheet market.

Key Solar PV Backsheet Market Challenge

The backsheets of solar PV modules pose various drawbacks, such as chalking and cracking. Backsheet chalking is often observed in conjunction with the formation of a matte and rough surface on the backsheet, which is prone to the formation of mold. Additionally, mold formation is observed in conjunction with other critical module failures such as insulation failure of backsheet or cracking of the backsheet along the busbars and the cells of modules. Such failures lead to the loss of ultraviolet (UV) protection to the modules and affect the productivity of solar modules. Therefore, PV module failures caused by the backsheet of solar PVs present a significant challenge to the growth of the market.

This solar PV backsheet market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Solar PV Backsheet Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • 3M Co.
  • Agfa-Gevaert NV
  • Arkema SA
  • DuPont de Nemours Inc.
  • Honeywell International Inc.
  • Jolywood (Suzhou) Sunwatt Co. Ltd.
  • Koninklijke DSM NV
  • KREMPEL GmbH
  • Nippon Light Metal Holdings Co. Ltd.
  • Toray Industries Inc.

 

This statistical study of the solar PV backsheet market encompasses successful business strategies deployed by the key vendors. The solar PV backsheet market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The solar PV backsheet market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Solar PV Backsheet Market?

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61% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for solar PV backsheet in APAC. Market growth in APAC will be faster than the growth of the market in other regions.

Targets set by governments to install solar-based powered plants will facilitate the solar PV backsheet market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Product Segments in the Solar PV Backsheet Market?

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The solar PV backsheet market share growth by the fluoropolymer segment will be significant during the forecast period. The growth of the segment will be accumulated due to the superior performance of fluoropolymer products, which includes low module power loss, almost no backsheet degradation, and the ability to withstand harsh climatic conditions and environmental stresses. These factors result in low backsheet failure risks and a high return on investment from the overall solar PV installation.

This report provides an accurate prediction of the contribution of all the segments to the growth of the solar PV backsheet market size and actionable market insights on post COVID-19 impact on each segment.

 

Solar PV Backsheet Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 11.07%

Market growth 2021-2025

$ 1.45 billion

Market structure

Fragmented

YoY growth (%)

10.53

Regional analysis

APAC, Europe, North America, South America, and MEA

Performing market contribution

APAC at 61%

Key consumer countries

China, Japan, US, Germany, and Australia

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

3M Co., Agfa-Gevaert NV, Arkema SA, DuPont de Nemours Inc., Honeywell International Inc., Jolywood (Suzhou) Sunwatt Co. Ltd., Koninklijke DSM NV, KREMPEL GmbH, Nippon Light Metal Holdings Co. Ltd., and Toray Industries Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Solar PV Backsheet Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive solar PV backsheet market growth during the next five years
  • Precise estimation of the solar PV backsheet market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the solar PV backsheet industry across APAC, Europe, North America, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of solar PV backsheet market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Product

    • Market segments
    • Comparison by Product
    • Fluoropolymer - Market size and forecast 2020-2025
    • Non-fluoropolymer - Market size and forecast 2020-2025
    • Market opportunity by Product

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • APAC - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • North America - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • 3M Co.
      • Agfa-Gevaert NV
      • Arkema SA
      • DuPont de Nemours Inc.
      • Honeywell International Inc.
      • Jolywood (Suzhou) Sunwatt Co. Ltd.
      • Koninklijke DSM NV
      • KREMPEL GmbH
      • Nippon Light Metal Holdings Co. Ltd.
      • Toray Industries Inc.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
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      The solar pv backsheet market growth will increase by $1449.84 million during 2020-2025.
      The solar pv backsheet market is expected to grow at a CAGR of 11.07% during 2020-2025.
      Technavio has segmented the solar pv backsheet market by product (Fluoropolymer and Non-fluoropolymer) and geographic (APAC, Europe, North America, South America, and MEA).
      3M Co., Agfa-Gevaert NV, Arkema SA, DuPont de Nemours Inc., Honeywell International Inc., Jolywood (Suzhou) Sunwatt Co. Ltd., Koninklijke DSM NV, KREMPEL GmbH, Nippon Light Metal Holdings Co. Ltd., Toray Industries Inc. are a few of the key vendors in the solar pv backsheet market.
      APAC will register the highest growth rate of 61.08% among the other regions. Therefore, the solar pv backsheet market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      • China
      • Japan
      • US
      • Germany
      • Australia
      The key factors driving the solar pv backsheet market growth are:
      • Increasing use of thin-film solar PV modules
      The solar pv backsheet market vendors should focus on grabbing business opportunities from the fluoropolymer segment as it accounted for the largest market share in the base year.
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