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Ultra-Thin Solar PV Backsheet Market Trends

Report ID: GMI11921
Published Date: Oct 2024
Report Format: PDF

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Ultra-Thin Solar PV Backsheet Market Trends

Expanding popularity of products offering longer lifecycle and reduced degradation over time, ensuring that solar panels continue to perform at high efficiency for decades, reducing the need for frequent replacements will complement the industry landscape. Furthermore, rising demand for advanced backsheets engineered to offer superior durability and resistance to environmental stressors such as UV radiation, moisture ingress, and mechanical impacts will bolster the product penetration.

Authors: Ankit Gupta, Pooja Shukla

Frequently Asked Questions (FAQ) :

The global market for ultra-thin solar PV backsheet was reached USD 548.9 million in 2023 and is estimated to grow at a 1.7% CAGR from 2024 to 2032, driven by increasing solar PV installations.

The fluoride segment is projected to surpass USD 300 million by 2032, due to its excellent protection against UV radiation, moisture, and chemical exposure.

The PEN segment is set to grow at a CAGR of over 2% through 2032, owing to its exceptional thermal stability and lightweight characteristics.

The Asia Pacific market for ultra-thin solar PV backsheet market is anticipated to reach USD 250 million by 2032, driven by a rapid surge in solar energy installations and government incentives for renewable energy.

Key players in the industry include 3M, Astenik Solar, Cybrid Technologies, Coveme, DUNMORE, Endurans Solar, Krempel GmbH, RenewSys India, SILFAB SOLAR, and Targray.