Solar Backsheet Films Market To Reach $3.41 Billion By 2030

Solar Backsheet Films Market Growth & Trends

The global solar backsheet films market size is anticipated to reach USD 3.41 billion by 2030, registering a CAGR of 7.8% from 2023 to 2030, according to a new report by Grand View Research, Inc. The demand for solar backsheet films is propelled by their rising demand for renewable energy for the manufacturing of solar photovoltaic panels.

The market is projected to grow owing to factors such as solar PV projects under construction and in the planning stage coupled with government support are expected to increase the cumulative installed capacity of solar energy over the forecast period.

The technological advancement manufacturers are rapidly progressing in developing and launching new products, joint ventures, and other strategic initiatives. For instance, in February 2023, Endurans Solar, a solar panel backsheet supplier, announced an investment of significant equity for the expansion of their domestic manufacturing of solar backsheets.

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Solar Backsheet Films Market Report Highlights

• Thicker backsheet films provide improved protection to solar modules against harsh environmental conditions, withstanding factors such as extreme temperatures, humidity, and UV radiation for longer durations

• Flat roof solar installations tend to be more cost-effective than traditional pitched roof installations. Flat roofs are typically easier to access, require less complex racking systems, and often involve shorter cable runs. This can lead to lower installation and maintenance costs

• Solar panels allow commercial businesses to generate their own electricity, reducing or even eliminating their reliance on grid-supplied power. Over time, this can result in significant cost savings on energy bills, which is particularly appealing for businesses with high energy consumption

• China is a lucrative market for investments compared to other Western economies. China accounted for the highest solar PV demand in the Asia Pacific on account of the increasing number of large-scale solar project installations in the country. Furthermore, India is recognized as one of the fastest-growing economies in the Asia Pacific

Solar Backsheet Films Market Segmentation

Grand View Research has segmented the global solar backsheet films market based on type, thickness, installation, application, and region:

Solar Backsheet Film Type Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Fluoropolymer

• Non-fluoropolymer

Solar Backsheet Film Thickness Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Less than 100mm

• 100 - 500mm

• Greater than 500mm

Solar Backsheet Film Installation Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Flat Roof Solar

• Pitched Roof Solar

• Ground Mount Solar

• Others

Solar Backsheet Film Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Commercial

• Residential

• Industrial

• Utility

Solar Backsheet Film Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Netherlands

  • Spain

• Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Australia

  • Indonesia

  • Thailand

  • Vietnam

• Central & South America

  • Brazil

  • Argentina

• Middle East & Africa

  • Saudi Arabia

  • United Arab Emirates (UAE)

  • South Africa

List of Key Players in the Solar Backsheet Films Market

• DuPont de Nemours, Inc.

• COVEME s.p.a.

• Arkema

• 3M

• TOYO ALUMINIUM K.K.

• Krempel GmbH

• Targray Technology International Inc.

• Cybrid Technologies Inc.

• Jolywood (Suzhou) Sunwatt Co., Ltd.

• Trina Solar

• Canadian Solar

• Mitsubishi Chemical America, Inc.