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North America Crystalline Solar PV Backsheet Market Size
North America Crystalline Solar PV Backsheet Market was valued at USD 2.1 billion in 2023 and is anticipated to grow at a CAGR of over 1.1% between 2024 and 2032. It is a protective layer used in photovoltaic modules that encapsulates solar cells and provides insulation and protection against environmental factors such as moisture, UV radiation, and temperature fluctuations. It plays a crucial role in ensuring the durability and longevity of solar panels by shielding the delicate components from external damage while allowing sunlight to pass through to the solar cells for energy generation.
Favorable government policies and incentives promoting renewable energy adoption, including tax credits and rebates will augment the industry landscape. Ongoing innovations in backsheet materials, including the development of advanced polymers and coatings, enhance durability, weather resistance, and electrical insulation properties, will contribute to the overall efficiency and reliability of solar panels, thereby positively influence the industry growth.
Which companies define the competitive landscape of North America crystalline solar PV backsheet market?
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.
What factors are pushing the growth of U.S. crystalline solar pv backsheet industry?
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.
Why is the demand for PVDF crystalline solar PV backsheets expanding in North America?
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.
How big is the North America crystalline solar PV backsheet market?
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.