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Global Solar Photovoltaic (PV) Backsheet Market – Industry Trends and Forecast to 2029

OIL, GAS & ENERGY

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Global Solar Photovoltaic (PV) Backsheet Market – Industry Trends and Forecast to 2029

  • OIL, GAS & ENERGY
  • Upcoming Report
  • Sep 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Solar Photovoltaic (PV) Backsheet Market – Industry Trends and Forecast to 2029

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2021–2029
Diagram Market Size (Base Year) USD 2,110.00 Million
Diagram Market Size (Forecast Year) USD 3,141.26 Million
Diagram CAGR %

Major Markets Players

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Global Solar Photovoltaic (PV) Backsheet Market, By Product (TPT-Primed, TPE, PET, PVDF, PEN), Thickness ( 500 Micrometer), Material (Fluoride, Non Fluoride), Technology (Crystalline, Thin Film, Ultra-Thin Film), Installation (Roof Mounted, Ground, and Floating), End User (Residential, Industrial, Utility, and Others) – Industry Trends and Forecast to 2029

Solar Photovoltaic (PV) Backsheet Market

Solar Photovoltaic (PV) Backsheet Market Analysis and Size

The global solar photovoltaic (PV) backsheet market is anticipated to witness the significant growth during the forecast period. Ongoing growth across the solar industry which has mainly favoured by regulatory reforms such as leveraging schemes, tax rebates, FIT, subsidies, and investment tax credits will foster the growth of the solar PV backsheet market. Furthermore, the “TPT (Tedlar Polyester Tedlar)” is the highest growing product segment due to its high inherent strength and effective weather resistance properties compared to its competitive counterparts, which will encourage product penetration over the forecast period of 2022-2029.

Global solar photovoltaic (PV) backsheet market was valued at USD 2,110.0 million in 2021 and is expected to reach USD 3,141.26 million by 2029, registering a CAGR of 5.10% during the forecast period of 2022-2029. The market report curated by the Data Bridge Market Research team includes technological advancements, regulatory framework, PESTEL, porter's five forces analysis, industry standards-at a glance, raw material costs/ operational expenditure-overview, supply chain analysis, vendor selection criteria, pricing analysis, production analysis, and climate chain scenario.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2014 - 2019)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

Product (TPT-Primed, TPE, PET, PVDF, PEN), Thickness (<100 Micrometer, 100 To 500 Micrometer, > 500 Micrometer), Material (Fluoride, Non Fluoride), Technology (Crystalline, Thin Film, Ultra-Thin Film), Installation (Roof Mounted, Ground, and Floating); End User (Residential, Industrial, Utility, and Others)

Countries Covered

U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Poland, Norway, Finland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Nigeria, Algeria, Angola, Ghana, Rest of Middle East and Africa

Market Players Covered

COVEME s.p.a. (Italy), Toyo Aluminium K.K. (Japan), TORAY INDUSTRIES INC. (Japan), DUNMORE (U.S.), KREMPEL GmbH (Germany), TAIFLEX Scientific Co. Ltd. (Taiwan), HANGZHOU FIRST APPLIED (China), Dow (U.S.), DuPont (U.S.), Arkema (France). Cybrid Technologies Inc. (China), Jolywood (China), ISOVOLTAIC (Austria). JinkoSolar (China), Trina Solar (China), Canadian Solar (Canada), JA SOLAR Technology Co.,Ltd. (China), 3M (U.S.)

Market Opportunities

  • Mounting technological advancements
  • Numerous favorable government policies and initiatives

Market Definition

The solar photovoltaic (PV) backsheet is on the outermost layer of the solar PV module. This solar PV back sheet is manufactured to protect the inner components of the solar PV module, especially the electrical components and photovoltaic cells from weather, UV, and moisture as well as work as an electrical insulator.

Solar Photovoltaic (PV) Backsheet Market Dynamics

Drivers

  • Rising awareness towards solar energy

The growing concern regarding the depleting sources of fossil fuels, which is a primary non-renewable source of energy, and the growing emission of CO2 produced from this fossil fuel has resulted increasing deployment of renewable energy and rise in awareness toward the use of solar energy due to its benefits to extracting solar power is anticipated to drive the growth of the solar photovoltaic (PV) backsheet market 

  • Increasing adoption of renewable source of energy

The increase in the adoption of renewable source of energy is also expected to drive the demand for the solar panels globally, and in turn, increase the need of the manufacturing solar panel which has eventually upsurge the production of solar PV backsheet. For instance, according to the International Renewable Energy Agency (IRENA) analysis, solar energy's capacity for producing electricity around the globe increased from 40334 MW in 2010 to 709674 MW in the year 2020. Such a factor is expected to drive the demand for the solar photovoltaic (PV) backsheets among the manufacturer of solar panel and in turn, contribute to the market growth.

Moreover, the utilization of renewable energy sources will encourage the expansion of industry. Also, the factors such as rapid urbanization along with the rising awareness regarding the profits of using solar energy will further foster the market's growth.

Opportunities

  • Many favourable government policies and initiatives

Government stringent regulations for controlling environmental pollution are projected to boost the growth rate of the solar PV backsheet market during the forecast period. Furthermore, governments provide variety of incentives such as the 14th Five-Year Plan of the Government of China, which focuses on the reduction of the cost of solar panels, is also anticipated to strongly increase the growth of the solar PV backsheet market in the nation. As a result, the favorable government regulations and policies associated with greener energy initiatives and the reduction of carbon footprint will create immense opportunities for the solar photovoltaic (PV) backsheet market.

Moreover, research and development activities towards lowering the price of solar photovoltaic (PV) backsheet by improving technologies is also expected to offer lucrative growth opportunities for the major market players to strengthen their position in the global market in the upcoming years.

Restraints/Challenges.

  • High Overall Costs

The solar PV backsheet growth rate is slowed due to its high capital cost. Moreover, there are tare some additional logistical challenges which has associated with solar PV backsheet. The high cost of the solar PV backsheet combined with the installation and maintenance expenses, and transportation costs. As a result, the cost limitations will create significant challenge to the market expansion for solar PV backsheet.

This solar photovoltaic (PV) backsheet market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the solar photovoltaic (PV) backsheet market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Solar Photovoltaic (PV) Backsheet Market

The outbreak of COVID-19 pandemic has affected several industries and nations due this imposed lockdowns, temporary ban on import, export, manufacturing and processing activities across the globe. Furthermore, funding for R&D activities on the development of solar PV backsheet were on hold. This resulted in a decrease in the market's growth in the second, third, and fourth quarters of 2020. However, the solar PV backsheet market is anticipated to recover by the second quarter of 2021 as COVID-19 vaccination began in many economies overall the globe, which is anticipated to recover global economy, manufacturing operations and restarts R&D facilities.

Global Solar Photovoltaic (PV) Backsheet Market Scope

The solar photovoltaic (PV) backsheet market is segmented on the basis of product, thickness, material, technology, installation and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

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

Thickness

  • <100 Micrometer
  • 100 To 500 Micrometre
  • 500 Micrometre

Material

  • Fluoride
  • Non Fluoride

 Technology

  • Crystalline
  • Thin Film
  • Ultra-Thin Film

 Installation

  • Roof Mounted
  • Ground
  • Floating
  • End User
  • Residential
  • Industrial
  • Utility
  • Others

Solar Photovoltaic (PV) Backsheet Market Regional Analysis/Insights

The solar photovoltaic (PV) backsheet market is analyzed, and market size insights and trends are provided by country, product, thickness, material, technology, installation and end user as referenced above.

The countries covered in the solar photovoltaic (PV) backsheet market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Poland, Norway, Finland, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Nigeria, Algeria, Angola, Ghana, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the solar photovoltaic (PV) backsheet market in terms of market share and market revenue due to growing inclination of manufacturer and consumer toward sustainable energy and increasing need for reduction in the carbon footprints in this region.

Asia-Pacific is projected to show lucrative growth during the forecast period of 2022 to 2029 due to growing investment across the construction sector along with the supportive legislative policies and encouraging the construction of green buildings in this region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Solar Photovoltaic (PV) Backsheet Market Share Analysis

The solar photovoltaic (PV) backsheet market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to solar photovoltaic (PV) backsheet market.

Some of the major players operating in the solar photovoltaic (PV) backsheet market are

  • COVEME s.p.a. (Italy)
  • Toyo Aluminium K.K. (Japan)
  • TORAY INDUSTRIES INC. (Japan)
  • DUNMORE (U.S.)
  • KREMPEL GmbH (Germany)
  • TAIFLEX Scientific Co. Ltd. (Taiwan)
  • HANGZHOU FIRST APPLIED (China)
  • Dow (U.S.)
  • DuPont (U.S.)
  • Arkema (France)
  • Cybrid Technologies Inc. (China)
  • Jolywood (China)
  • ISOVOLTAIC (Austria)
  • JinkoSolar (China)
  • Trina Solar (China)
  • Canadian Solar (Canada)
  • JA SOLAR Technology Co.,Ltd. (China)
  • 3M (U.S.)


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Global solar photovoltaic (PV) backsheet market is expected to show a value of USD 2,110.0 million in 2021.
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