Solar PV Backsheet Market Size By Product (TPT-Primed, TPE, PET, PVDF, PEN), By Thickness (<100 Micrometer, 100 To 500 Micrometer, > 500 Micrometer), By Material (Fluoride, Non-Fluoride), By Technology (Crystalline, Thin Film, Ultra-Thin Film) & Forecast, 2023 – 2032

Solar PV Backsheet Market Size

Solar PV Backsheet Market size surpassed USD 12.4 billion in 2022 and is anticipated to register 2.2% CAGR from 2023 to 2032.
 

Ongoing national renewable integration goals coupled with increasing public support for environmental security will lead to large-scale unit deployments throughout the world. Additionally, growing investments favored by optimized funds circulation organized by regulators across the emerging markets, will sway the industry growth.

COVID-19 Impact

The novel corona virus has hampered the overall industry progress on account of government-mandated shutdowns and movement restrictions. Disruptions in the supply chain coupled with delay in the construction projects are some of the variables influencing the business dynamics. However, the current vaccination campaign, enhanced medical facilities, and increased R&D investments in the industry will further strengthen the solar PV backsheet market outlook.

Solar PV Backsheet Market Trends

The primary functions of solar PV backsheet includes electrical insulation, moisture resistance, and protection against UV radiation, weather conditions, and potential mechanical damage. Furthermore, growing investments favored by optimized funds circulation organized by regulators across the emerging markets coupled with ability to withstand extreme environmental conditions, will sway the business trends.

Solar PV Backsheet Market Analysis

The TPT-Primed solar PV backsheet market i expected to witness 2.2% growth rate till 2032. TPT-Primed (Tedlar-Polyester-Tedlar) is a specific type of solar PV backsheet construction that incorporates a Tedlar film layer on both sides of a polyester core. These backsheet constructions are designed to withstand harsh environmental conditions, UV radiation, temperature fluctuations, and moisture exposure, ensuring the long-term performance of solar PV modules. Moreover, a considerable drop in the photovoltaic component prices owing to increased production efficiencies has eventually accelerated solar unit deployments, thereby fostering the product adoption.

The > 500 mm solar PV backsheet industry is projected to cross a valuation of USD 5.9 billion by 2032 due to ongoing technological advancements across large scale solar applications. Moreover, backsheets with thickness > 500 micrometers offer increased protection and durability for solar modules. These thicker backsheet materials provide improved resistance against mechanical damage, weathering, and environmental factors, ensuring the longevity and reliability of the solar panels, thereby fueling the product espousal.
 

The fluoride solar PV backsheet market will exceed USD 7.2 billion by 2032. Fluoride-based backsheet materials offer several advantages, including high resistance to UV radiation, moisture, and chemical degradation and enhanced performance and durability, ensuring the long-term reliability of solar panels in various environmental conditions. Additionally, their ability to withstand high temperature without significant degradation makes them suitable for solar PV installations in regions or applications with high ambient temperatures.

Crystalline solar PV backsheet Industry valued at over USD 9.6 billion in 2022 owing to increasing emphasis on long term reliability & performance of solar installations by solar project developers, investors, and end-users. Furthermore, increased demand for backsheet materials that can survive extreme environmental conditions including moisture exposure, temperature fluctuations, & ultraviolet radiation on account of solar panels mature, will foster the industry potential.

Europe solar PV backsheet market is projected to attain 3% gains between 2023 and 2032 on account of various regulatory standards and certifications that require adherence to quality, safety, and durability guidelines. Ongoing research and development efforts have led to advancements in backsheet technologies. For instance, the introduction of double-glass modules and bifacial modules requires specialized backsheet materials that can withstand higher thermal and mechanical stresses. In addition, national carbon-cutting initiatives accompanied by a competitive photovoltaic tariff structure have significantly shifted regulatory prejudice towards photovoltaic adoption.

Solar PV Backsheet Market Share

Eminent players operating in the solar PV backsheet industry include

• ISOVOLTAIC AG
• COVEME s.p.a.
• TOYO ALUMINIUM K.K.
• TAIFLEX Scientific Co., Ltd
• 3M
• DuPont
• Krempel GmbH
• Targray
• Jiangsu Zhongtian Technology Co., Ltd.
• RenewSys India Pvt. Ltd.
• SILFAB SOLAR INC.
• Endurans™ Solar
• DUNMORE
• Arkema
• VIKRAM SOLAR LTD

   

Inorganic growth ventures including mergers and acquisitions, joint ventures, partnerships along with collaborations with different suppliers and third-party distributors across the overall value chain will drive product innovations, thereby facilitating the industry statistics.

Solar PV Backsheet Industry News

• In February 2023, SILFAB SOLAR INC. launched Elite series of residential PV modules with conductive backsheets in U.S. Silfab Elite 410 BG features cell designed with efficient conductive backsheet, maximum system voltage of 1,000 V (DC), and integration of x-pattern technology. The company enables its position across the region and enhanced the growth of PV module industry.
   
• In February 2023, Endurans™ Solar received an equity investment from Riverbend Energy Group.  This investment has significantly supported the expansion of its production plant in U.S., enabling to meet the demand of its patented solar backsheets. The company will be able contribute to clean solar energy mission and establish a strong position across the market.
   

This solar PV backsheet market research report includes in-depth coverage of the industry with estimates & forecast in terms of ‘Million Square Foot & USD Million’ from 2023 to 2032 for the following segments:

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Market, By Product

• TPT-Primed
• TPE
• PET
• PVDF
• PEN
• Others

Market, By Thickness

• < 100 Micrometer
• 100 to 500 Micrometer
• > 500 Micrometer

Market, By Material

• Fluoride
• Non-Fluoride

Market, By Technology

• Crystalline
• Thin Film
• Ultra-Thin Film

The above information has been provided for the following regions and countries:

• North America
  • U.S
  • Canada
  • Mexico 
• Europe
  • UK
  • France
  • Netherlands
  • Italy
  • Germany
  • Sweden
  • Russia
  • Spain
  • Austria
• Asia Pacific
  • China
  • Australia
  • India
  • Japan
  • South Korea
• Middle East
  • Israel
  • Saudi Arabia
  • UAE
  • Jordan
• Africa
  • South Africa
  • Egypt
  • Algeria
  • Nigeria
• Latin America
  • Brazil
  • Chile