Solar Backsheet Market PPT: Demand, Trends and Business Opportunities 2028

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Global Solar Backsheet Market Research Report:

The latest report by IMARC, titled “Solar Backsheet Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” " the global solar backsheet market size reached US$ 2.1 Billion in 2022.

A solar backsheet is the outermost layer of a photovoltaic (PV) unit that is designed to protect solar PV modules. It is placed under repeated environmental and mechanical stress to aid in ensuring the overall longevity of the entire panel. It is usually manufactured using a polymer or a combination of polymers, such as and polyamide (PA), polyvinyl fluoride (PVF), polyethylene terephthalate (PET) and polyvinylidene fluoride (PVDF).

With the escalating requirement for power supply across numerous industrial verticals and the growing need to decarbonize the global energy system, this is propelling overall renewable growth, further impacting the demand for solar backsheets on the global level.

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Global Solar Backsheet Market Trends:

The global market is primarily driven by the growing adoption of solar panels across residential and commercial settings. This can be attributed to an enhanced focus on sustainable development and the rising preference for renewable energy sources. In line with this, numerous initiatives and funding activities conducted by the government of several countries to promote the uptake of solar panels are significantly supporting the demand for solar backsheets. In addition to this, the rapid expansion of solar power plants on account of the growing environmental concerns is creating a positive market outlook.

Apart from this, numerous leading players are focusing on extensive research and development (R&D) activities to introduce improved polymers that help in increasing the reliability and durability of solar backsheets, thus impacting the market favorably. Along with this, continuous innovations in the installation techniques of solar backsheets are acting as another growth-inducing factor. Other factors, including rapid urbanization and industrialization and the rising investments in smart city initiatives, are also positively influencing the market. On account of the aforementioned factors, the market size is anticipated to reach a value of US$ 3.3 Billion by 2028, exhibiting a CAGR of 7.72% during 2023-2028.

Looking forward, the market value is projected to reach a strong growth during the forecast period (2023-2028).

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Market Summary:

Breakup by Type:

• Fluoropolymer

• Non-Fluoropolymer

Breakup by Installation Technique:

• Floating Power Plant

• Ground Mounted

• Roof Mounted

Breakup by Thickness:

• Less than 100mm

• 100mm-500mm

• More than 500mm

Breakup by Application:

• Utility

• Industrial

• Commercial

• Residential

Breakup by Region:

• North America

• United States

• Canada

• Asia Pacific

• China

• Japan

• India

• South Korea

• Australia

• Vietnam

• Others

• Europe

• Germany

• France

• United Kingdom

• Italy

• Spain

• Netherlands

• Others

• Latin America

• Brazil

• Mexico

• Others

• Middle East and Africa

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Competitive Landscape with Key Players: 3M Company

• Arkema S.A

• Astenik Solar Inc.

• COVEME S.p.A. (MH & RE. S.p.A.)

• Dupont De Nemours Inc.

• KREMPEL GmbH

• Targray Technology International Inc.

• Toray Industries Inc.

• Toyo Aluminium KK

• ZTT International Limited (Jiangsu Zhongtian Technology Co. Ltd.)

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