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Fluoride Solar PV Backsheet Market Size

  • Report ID: GMI11972
  • Published Date: Oct 2024
  • Report Format: PDF

Fluoride Solar PV Backsheet Market Size

The global fluoride solar PV backsheet market size was valued at USD 7.4 Billion in 2023 and is estimated to grow at a CAGR of 1.6% from 2024 to 2032. These are protective layers used in photovoltaic modules to enhance durability, insulation, and weather resistance. Made from fluoropolymers such as polyvinyl fluoride (PVF) or polyvinylidene fluoride (PVDF), these backsheets offer superior resistance to UV radiation, moisture, and harsh environmental conditions. Their high durability ensures long-term protection for solar panels, preventing degradation and enhancing performance over time.

 

Rising demand for backsheets offering strong resistance to UV radiation, moisture, and other environmental factors such as heat and cold, ensuring long-term structural integrity of solar panels and significantly reducing the degradation rate will propel the market growth. Growing adoption of solar solutions offering improved electrical insulation to prevent electrical failures or malfunctions in solar panels will augment the product penetration.
 

Increasing installation of solar panels in harsh environment weather conditions including high levels of sunlight, wind, rain, and humidity will foster the product adoption offering superior weatherability and protecting the inner components of solar panels from degradation due to prolonged exposure to UV rays, thermal cycling, and moisture ingress. Additionally, their excellent resistance to chemical degradation ensures solar module's continuous performance even in polluted areas, where other types of backsheets might degrade driving the business growth.

Authors: Ankit Gupta, Pooja Shukla

Frequently Asked Questions (FAQ) :

The market size of fluoride solar PV backsheet reached USD 7.4 billion in 2023 and is set to grow at a 1.6% CAGR from 2024 to 2032, driven by the global surge in solar installations.

The crystalline technology segment is projected to surpass USD 6 billion by 2032, owing to its high efficiency in converting sunlight into electricity.

The Asia Pacific market is anticipated to exceed USD 4.5 billion by 2032, led by rapid solar energy deployment and ambitious renewable energy targets in countries like China, India, Japan, and Australia.

The industry features prominent players such as 3M, Astenik Solar, Alishan Green Energy, Arkema, Coveme, DuPont, DUNMORE, Krempel, MJK Power, RenewSys India, Targray, and Vishakha Renewables.

Fluoride Solar PV Backsheet Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 10
  • Tables & Figures: 18
  • Countries covered: 22
  • Pages: 100
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