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Eminent market players are focusing on research and development to innovate new backsheet materials that offer improved durability, weather resistance, and performance characteristics. Strategic partnerships and collaborations with solar panel manufacturers, distributors, and industry stakeholders are undertaken to expand the market reach and enhance product offerings. Moreover, large scale investments in manufacturing facilities along with production capacity expansions will ensure supply chain resilience.
Eminent players operating in North America crystalline solar PV backsheet industry are:
3M, Astenik Solar, Arkema, Cybrid Technologies Inc, Coveme, DUNMORE, DuPont, Endurans Solar, Flexcon, Krempel GmbH, SILFAB SOLAR INC. are some of the major industry contenders.
U.S. crystalline solar PV backsheet market is anticipated to exceed USD 2.1 billion by 2032, driven by increasing adoption of solar energy along with increasing solar installations across residential, commercial, and utility-scale sectors.
PVDF product type segment held a decent share of the North America crystalline solar PV backsheet market in 2023 and is set to grow at a CAGR of over 1% up to 2032, on account of its exceptional durability, thermal stability, and UV resistance.
The market size of North America crystalline solar PV backsheet was reached USD 2.1 billion in 2023 and is anticipated to grow at a CAGR of 1.1% through 2032, driven by favorable government policies and incentives promoting renewable energy adoption, including tax credits and rebates.