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Solar PV Backsheet Market Trends

Report ID: GMI2184
Published Date: Nov 2024
Report Format: PDF

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Solar PV Backsheet Market Trends

Solar project developers, investors, and end-users increasingly emphasize the long-term reliability and performance of solar installations. As the solar panels mature, the demand for backsheet materials that can withstand extreme environmental conditions, such as moisture exposure, temperature fluctuations, and ultraviolet radiation, continues to rise, enhancing the industry's potential. Moreover, their ability to withstand high temperature without significant degradation makes them suitable for solar PV installations in regions or applications with high ambient temperatures, contributing to the product demand.

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The global market for solar PV backsheet was reached USD 14.2 billion in 2024 and is estimated to grow at a 2.2% CAGR from 2025 to 2034, driven by the increasing adoption of sustainable energy technologies.

The TPT-Primed segment is anticipated to exceed USD 1.1 billion by 2034, due to its ability to withstand harsh environmental conditions, ensuring the longevity of solar PV modules.

The >500 micrometer segment is projected to grow at a CAGR of over 1% by 2034, as thicker backsheets enhance protection and durability of solar modules.

The Europe solar PV backsheet market is expected to surpass USD 2.5 billion by 2034, led by stringent regulatory standards and national initiatives aimed at reducing carbon emissions.

Key players in the industry include 3M, Arkema, Coveme, DuPont, Dunmore, Endurans Solar, Isovoltaic, Jiangsu Zhongtian Technology, Krempel, Renewsys India, Silfab Solar, Taiflex Scientific, Targray, Toyo Aluminium, and Vikram Solar.