Fluoride is Expected to Dominate the Global Solar Photovoltaic Backsheet Market
Increasing
installation of solar PV systems worldwide and Technological advancements in
solar PV backsheet materials and manufacturing processes are the main drives in
the Global Solar Photovoltaic Backsheet Market.
According
to TechSci Research report, “Global Solar Photovoltaic Backsheet Market - Industry
Size, Share, Trends, Competition Forecast & Opportunities, 2028”. The Global Solar Photovoltaic Backsheet is anticipated to
project robust growth in the forecast period with a CAGR of 8.40% through 2028. 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.
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The
Fluoride Fluoropolymer segment held the major contribution in the global solar
backsheet market in 2022 and will continue to lead during the forecast period.
The key factors accredited to the growth of the market contain higher
efficiency, growing acceptance, rising manufacturing productivities, and
superior insulation properties. Fluoropolymer provides superior performance
over a long period of time. The
floating power plant market is estimated to grow at a high rate of CAGR during
the forecast period. The growth of the market can be accredited to the capacity
of these plants to generate more power owing to the cooling nature of water.
Floating power plants also elucidate land constraints issues, which is the main
barrier in ground-mounted solar installations. The
utility segment is projected to have a large solar backsheet market share
during the forecast period. This segment is driven primarily by the upsurge in
installations of solar power plants across the globe, both for utility and
distributed power generation applications, to meet the worldwide power demand. Geographically,
Asia Pacific is expected to share significant growth in the global solar
backsheet market. The growth in the global market in this region is attributed
to the substantial increase in solar PV installation in China and India. China
is the major market in the Asia Pacific and is greatly investing in solar PV to
shrink carbon emissions and fulfill its power needs.
The
Asia Pacific is leading the solar photovoltaic panel installation market, which
expected to drive the growth of the global solar backsheet market. China has
surpassed its 2022 solar panel target. India is following China’s footprint.
Increasing awareness for energy security and self-sufficiency combined with
government legislature is estimated to rise solar backsheet market growth.
Solar backsheet market installation on a rooftop is gaining popularity. One
of the most notable trends in the solar PV backsheet market is the continuous
advancement of backsheet materials. Manufacturers are investing in research and
development to create materials that offer improved durability, weather
resistance, and electrical performance. These advancements are essential to
enhance the longevity and efficiency of solar panels.
DuPont,
a leading material science company, introduced the DuPont™ Tedlar® Power
Backsheet, which offers excellent UV resistance, moisture barrier properties,
and long-term durability. It is designed to extend the lifespan of solar
panels. New
materials, such as advanced polymer composites and coatings, are developed to
withstand extreme temperatures, UV radiation, and mechanical stress. Enhanced
material properties contribute to better protection of solar cells and reduce
the risk of backsheet degradation over time.
Key
market players in the Global Solar
Photovoltaic Backsheet Market are following:-
- DuPont
de Nemours Inc.
- Solvay
SA
- Arkema
SA
- Covestro
AG
- 3M
Company
- Toyo
Seikan Group Holdings Co., Ltd.
- Jiangsu
Shunfeng Photovoltaic Technology Co., Ltd.
- AISOLAR
Technology Co., Ltd.
- Wuxi
Suntech Power Co., Ltd. ORS International Ltd
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“Bifacial
solar panels, capable of capturing sunlight from both the front and rear sides,
have gained traction in the solar industry. This trend directly impacts the
backsheet market, as specialized backsheets are required to optimize the
performance of bifacial panels.LG
Energy Solutions offers bifacial solar modules that can generate electricity
from both sides. These modules come with specially designed backsheets that
allow light penetration from the rear side to increase energy yield. Bifacial
panels require backsheets with improved transparency to allow sunlight to pass
through to the rear side, maximizing energy production. Manufacturers are
developing backsheets tailored to the unique requirements of bifacial panels,
often with enhanced optical properties. Environmental
sustainability has become a central concern in the solar PV industry. This
trend is driving the demand for eco-friendly backsheet materials that have
minimal environmental impact throughout their lifecycle..” said Mr. Karan
Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
Solar Photovoltaic Backsheet Market – Global
Industry Size, Share, Trends, Opportunity, and Forecast Segmented 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) By Region, Competition
2018-2028. has
evaluated the future growth potential of Global Solar Photovoltaic Backsheet Market and
provides statistics and information on market structure, size, share, and
future growth. The report is intended to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities present in the Global Solar Photovoltaic Backsheet Market.
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