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Crystalline Solar PV Backsheet Market Trends

Report ID: GMI8403
Published Date: Mar 2024
Report Format: PDF

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Crystalline Solar PV Backsheet Market Trends

Advancements in materials and manufacturing processes including thinner films and multi-layer designs, enhance the durability and efficiency leading to improved market statistics. The adoption of bifacial modules and building-integrated photovoltaics (BIPV) spurs innovation and diversification in backsheet solutions, thereby stimulating the business landscape. Growing emphasis on environmental sustainability and regulatory compliance stimulates demand for eco-friendly and fire-resistant materials, which will positively strengthen the product demand.

Authors: Ankit Gupta, Pooja Shukla

Frequently Asked Questions (FAQ) :

The market size of crystalline solar PV backsheet was reached USD 10.8 billion in 2023 and is anticipated to grow at a CAGR of over 2.1% up to 2032, driven by the increasing demand for renewable energy, government incentives for solar adoption, and growing concerns about climate change.

The PVDF product type segment in the crystalline solar PV backsheet industry is set to register over 2% CAGR up to 2032, led by exceptional durability, UV resistance, and thermal stability.

Asia-Pacific crystalline solar PV backsheet industry size is anticipated to grow at over USD 7 billion by 2032, driven by rapid industrialization, urbanization, and population growth.

3M, Arkema, Astenik Solar, Coveme, Cybrid Technologies Inc., DUNMORE, DuPont, Endurans Solar, Krempel GmbH, RenewSys India Pvt. Ltd. are some of the major industry contenders.