Solar PV Backsheet Market Analysis APAC,Europe,North America,South America,Middle East and Africa - US,China,Japan,Australia,Germany - Size and Forecast 2023-2027

Solar PV Backsheet Market Forecast 2023-2027

The solar PV backsheet market is estimated to grow by USD 1.50 billion at a CAGR of 10.75% between 2022 and 2027. The increasing use of thin-film solar PV modules is significant as these modules offer several advantages over traditional crystalline silicon modules, such as flexibility and lightweight design, which make them suitable for a variety of applications. The declining cost of solar power generation is also a key driver, making solar energy more competitive with conventional sources of energy. Additionally, supportive government policies and regulations, such as feed-in tariffs, tax incentives, and renewable energy targets, help create a favorable environment for the growth of the solar market by encouraging investment and deployment of solar energy systems. It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

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

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Market Segmentation

This report extensively covers market segmentation by product (fluoropolymer and non-fluoropolymer), end-user (utility, commercial, and residential), and geography (APAC, Europe, North America, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

By Product

The market share growth by the fluoropolymer segment will be significant during the forecast period. The global market by fluoropolymer will exhibit stable growth during the forecast period because this type has fluorine-based films in either one or both outer layers. Manufacturers have the option of choosing from several fluoropolymer-based protective films. 

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The fluoropolymer segment was valued at USD 879.82 million in 2017 and continue to grow by 2021.  This segment is dominating because manufacturers initially only had the option of Tedlar, which demonstrates long-term performance and reliability in diverse climatic conditions. Other fluoropolymer-based alternatives to Tedlar are new. Therefore, the new fluoropolymer-based products are yet to demonstrate long-term performance in the market.

By Region

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APAC is estimated to contribute 66% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Growing pollution from greenhouse gas (GHG) emissions in China and India shifted the focus to renewables such as wind and solar energy to generate power. Initiatives taken by many countries in the region and their pace of execution indicate an increased focus on replacing fossil fuels with solar power. Targets set by governments to install solar-based powered plants will boost the growth of the market during the forecast period in the residential and commercial sectors in APAC. Japan has set a target to achieve a 22%-24% share of total power generation using renewables by 2030. The focus of the country on solar PV installations intensified during the last 2-3 years, which is expected to increase the demand for solar PV modules, thereby raising the demand for solar PV backsheets during the forecast period.

Market Dynamics and Customer Landscape

The market is witnessing significant growth, driven by the increasing adoption of solar energy projects and the need to reduce carbon emissions from conventional fossil fuel energy sources. The market is characterized by the rising demand for cost-effective solar panels, which has led to a decline in solar panel costs. Silicon and silicon dioxide are key components of the photovoltaic (PV) device, which is the heart of a solar module. The use of fluoropolymer backsheets, such as single-fluoropolymer or double-fluoropolymer backsheet, is increasing due to their durability and performance benefits compared to non-fluoropolymer backsheet. These backsheet materials are used in various solar panel installations, including roof, ground, and even floating power plants. Polymers play a crucial role in backsheet manufacturing, with major players in the market including backsheet manufacturers and suppliers, BOS providers, raw material supplying companies, systems integrators, solar power plant developing companies, utilities, and independent power producers. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Market Driver

The global thin-film solar PV modules market is experiencing significant growth, driven by their increasing use, particularly in building-integrated photovoltaics (BIPVs). These modules are favored for their flexibility, allowing them to be seamlessly integrated into building structures. BIPV systems maximize solar panel surface area, enhancing power production. Backsheet manufacturers and suppliers, along with BOS providers and raw material supplying companies, play a vital role in the BIPV industry.

BIPV installations can take various forms, including rooftop tiles and building facades. Backsheets, provided by major players, are crucial components, replacing traditional glass modules as the backing for solar panels.  To maximize efficiency, backsheets for thin-film modules must possess high cell efficiency, improved dielectric strength, reflectance, and durability. They also need to conform to uneven structures to maintain module flexibility and provide a high vapor barrier for optimal performance. The low cost and increasing efficiency of thin-film modules are driving their adoption, leading to a rise in solar power installations. This trend is expected to fuel market growth significantly in the forecast period.

Major Market Trend

The growing adoption of half-cut cell modules is the primary trend in the global market growth. Half-cut cell modules are a growing trend in the industry, and these modules are increasingly adopted due to their increased efficiency. Half-cut cell modules use either monocrystalline or polycrystalline solar cells. In standard modules, several cells are combined to create a module for the required watt power. However, in half-cut cell modules, the solar cells are cut from the middle using a laser technique and are placed together to form a module. This design of the module reduces the resistance loss of the entire module by half, thereby increasing the efficiency of half-cut cell modules when compared with that of standard modules.

Moreover, the smaller cell shapes in half-cut modules allow fewer gaps between the cells, which increases the output by allowing more light to be reflected from the backsheet that is at the underside of the glass of the PV module. Therefore, the added benefit of increased efficiency of half-cut cell modules will increase installations during the forecast period, which will drive the market during the forecast period.

Significant Market Challenge

Backsheet-associated PV module failures are a major challenge to global market growth. 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 the 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.

Moreover, the degradation of backsheets causes insufficient process control, which leads to detachment and delamination of backsheets. To reduce the cost, the thickness of the material used to produce the backsheet is significantly reduced. Such backsheets do not meet the requirements for climatic protection over an extended period and lead to degradation. Therefore, PV module failures caused by the backsheet present a significant challenge to the growth of the market.

Key Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Market Customer Landscape

Who are the Major Solar PV Backsheet Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

3M Co.- The company offers solar PV backsheets which are engineered using an innovative fluoropolymer technology backed by rigorous testing and years of performance in the field to give your modules more protection from the elements.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:

• Agfa Gevaert NV
• Arkema Group
• COVEME Spa
• Cybrid Technologies Inc.
• DUNMORE Corp.
• DuPont de Nemours Inc.
• FLEXcon Co. Inc.
• Honeywell International Inc.
• Jiangsu Zhongtian Technology Co Ltd
• Jolywood (Suzhou) Sunwatt Co Ltd
• Koninklijke DSM NV
• KREMPEL GmbH
• Mitsubishi Corp.
• Nippon Light Metal Holdings Co. Ltd.
• Targray Technology International Inc.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. The market has been segmented by Product (Fluoropolymer and Non-fluoropolymer), End-user (Utility, Commercial, and Residential), and Geography (APAC, Europe, North America, South America, and Middle East and Africa).

• Product Outlook 
  • Fluoropolymer
  • Non-fluoropolymer

• End-user Outlook 
  • Utility
  • Commercial
  • Residential

• Region Outlook 
  • North America
    • The U.S.
    • Canada
  • Europe
    • The U.K.
    • Germany
    • France
    • Rest of Europe
  • APAC
    • China
    • India
  • South America
    • Chile
    • Argentina
    • Brazil
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of the Middle East & Africa

Market Analyst Overview

The market is witnessing rapid growth due to the increasing adoption of solar energy projects worldwide. As businesses and individuals seek cleaner and more sustainable energy solutions, the market for solar backsheet, a crucial component in solar panel construction, is expanding. The shift away from conventional fossil fuel energy sources is driven by concerns over carbon emissions and their contribution to man-made climate change. Manufacturers are innovating with materials like silicon and silicon dioxide to improve the mechanical, electrical, surface, and chemical properties of backsheet products. The market offers both fluoropolymer and non-fluoropolymer backsheets, with polyvinyl fluoride (PVF), polyvinylidene fluoride (PVDF), and polyethylene terephthalate (PET) being commonly used.

The market is segmented based on application, including roof-mounted, ground-mounted, and floating power plant installations. With a focus on renewable energy sources, especially in developing and underdeveloped countries, the market is poised for further growth. Technological advances in materials and manufacturing processes are driving down solar panel costs and improving efficiency, making solar energy more accessible globally. The industry is also influenced by initiatives like Carbon neutrality, COP26 meetings, and Build Back Better (BBB), promoted by entities such as SolarPower Europe and the European Union (EU).

The market is driven by the increasing demand for clean and sustainable energy solutions. With a focus on reducing environmental damage and combating global warming, the market is witnessing major trends such as the growth of grid-connected solar power projects and off-grid projects. Manufacturers are developing UV-resistant polymers to enhance the durability of backsheet products, which are essential for photovoltaic (PV) devices like solar panels. The market offers various types of backsheets, including single-fluoropolymer and double-fluoropolymer options, catering to different environmental factors such as ultraviolet (UV) radiation, humidity, and vapor penetration.

The Market is witnessing a surge in demand driven by the escalating focus on renewable energy sources and the burgeoning number of solar projects worldwide. As manufacturing units ramp up production to meet this growing demand, they face numerous challenges, including exposure to ultra-violet radiation, fluctuating market trends, and the need for continuous innovation. One of the major trends shaping the Solar Backsheet Market is the adoption of advanced materials such as the single-fluoropolymer backsheet, which offers superior durability and performance compared to traditional options. These backsheets must withstand various environmental stressors, including extreme temperatures, moisture, and mechanical stresses, while maintaining optimal electrical and mechanical properties.

Manufacturers must also address concerns regarding the ecological disturbance associated with solar panel production, including the use of chemicals and sand in manufacturing processes. Moreover, as altered weather patterns pose challenges to solar projects' efficiency and longevity, stakeholders must adapt strategies to mitigate risks and optimize performance.  Government initiatives, such as those spearheaded by the European Commission (EC), play a pivotal role in driving market growth through incentives and regulatory frameworks that promote renewable energy adoption. These policies encourage investment in solar projects and incentivize the adoption of sustainable practices throughout the industrial sector. In conclusion, the Market presents significant opportunities for manufacturers to capitalize on the global shift towards renewable energy. By leveraging innovative materials, addressing environmental concerns, and aligning with regulatory trends, stakeholders can position themselves for success in this rapidly evolving market landscape.

Solar PV Backsheet Market Scope
Report Coverage	Details
Page number	168
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 10.75%
Market growth 2023-2027	USD 1.50 billion
Market structure	Fragmented
YoY growth 2022-2023(%)	9.78
Regional analysis	APAC, Europe, North America, South America, and Middle East and Africa
Performing market contribution	APAC at 66%
Key countries	US, China, Japan, Australia, and Germany
Competitive landscape	Leading companies, Market Positioning of companies, Competitive Strategies, and Industry Risks
Key companies profiled	3M Co., Agfa Gevaert NV, Arkema Group, COVEME Spa, Cybrid Technologies Inc., DUNMORE Corp., DuPont de Nemours Inc., FLEXcon Co. Inc., Honeywell International Inc., Jiangsu Zhongtian Technology Co Ltd, Jolywood (Suzhou) Sunwatt Co Ltd, Koninklijke DSM NV, KREMPEL GmbH, Mitsubishi Corp., Nippon Light Metal Holdings Co. Ltd., Targray Technology International Inc., Tomark Worthen LLC, Toppan Printing Co Ltd, Toray Industries Inc., and Toyobo Co. Ltd.
Market dynamics	Parent market analysis, Market Forecasting, 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 forecast period.
Customization purview	If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the market growth and forecasting of the market between 2023 and 2027
• Precise estimation of the size of the market size and its contribution to the parent market
• Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
• Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
• Thorough market growth analysis of the market’s competitive landscape and detailed information about companies
• Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies

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