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Non-Fluoride Solar PV Backsheet Market Analysis

  • Report ID: GMI11979
  • Published Date: Oct 2024
  • Report Format: PDF

Non-Fluoride Solar PV Backsheet Market Analysis

Based on technology, the market is segmented into crystalline, thin film and ultra-thin. Thin film is projected to grow by more than USD 1.5 Billion by 2032 on account of their lighter and more flexible properties than traditional crystalline silicon cells. Additionally, their lower production cost coupled with superior performance in low-light and high-temperature environments will boost technology adoption. Growing shift towards more sustainable products that utilize non-toxic materials such as cadmium telluride (CdTe) or copper indium gallium selenide (CIGS) and align well with the trend towards sustainable energy solutions will stimulate the product demand.
 

North America Non-Fluoride Solar PV Backsheet Market Size, 2022-2032 (USD Billion)

North America non-fluoride solar PV backsheet market is anticipated to grow over USD 1.5 Billion by 2032. Rising consumer awareness of environmental issues will drive demand for sustainable products that can reduce homeowner's carbon footprint. Presence of key players and their increasing investments in developing technologically advanced products offering superior durability, weather resistance, and energy efficiency will create lucrative prospects for the business landscape. Growing focus on enhancing the overall efficiency of solar modules coupled with economic benefits and reduced maintenance will make the product more accessible to manufacturers leading to the market growth.
 

In the U.S., growing popularity of polypropylene (PP) and polyethylene (PE) as alternatives offering equivalent or better mechanical properties to fluoride material while being more flexible and resistant to cracking will bolster product adoption. Increasing research activities in the U.S. aimed to enhance performance metrics, including better UV stability and lower degradation rates, contributing to the reliability and efficiency of solar panels will augment product penetration.

Authors: Ankit Gupta , Pooja Shukla

Frequently Asked Questions (FAQ) :

The global market size for non-fluoride solar PV backsheet was valued at USD 6.6 Billion in 2023 and is expected to reach USD 8.2 Billion by 2032, driven by a CAGR of over 2.5% from 2024 to 2032.

The thin film segment is projected to grow by more than USD 1.5 Billion by 2032, due to its lighter, more flexible properties and superior performance in low-light and high-temperature environments.

North America market is anticipated to grow over USD 1.5 Billion by 2032, driven by rising consumer awareness of environmental issues and the presence of key industry players.

Major players include 3M, Coveme, DuPont, Endurans Solar, Maysun Solar, Sinovoltaics, SILFAB SOLAR, Shgwell, Targray, and Vishakha Renewables.

Non-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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