Solar PV Back Sheet Market Scope, Competitive Landscape and Trends Forecast to 2032
Solar PV Back Sheet Market by Type (Independent Photovoltaic System, Grid Photovoltaic (Pv) System), Application (Municipal, Office, Other), and Region (North America, Europe, Asia Pacific, South America, Middle East and Africa), Global trends and forecast from 2022 to 2032
The solar cell back sheet is the outermost layer of the solar PV module; therefore any solar panel installation mandatorily has a back sheet related with it. The main purpose of the back sheet is to protect the PV module from ultraviolet radiations, any sort of moisture penetration, electrical insulation of the system, and to offer robustness to the solar PV module. Clambering up electricity from renewable energy is important for the de-carbonisation of the world energy system. With considering ample resource presence, noteworthy market probable and price competitiveness, solar PV is anticipated to carry on driving overall renewables growth in different regions over the next few years; Thus driving the sales of solar backsheet in the market.
The solar PV backsheet market share is expected to increase by USD 1.65 billion from 2022 to 2032, and the market's growth momentum will accelerate at a CAGR of 12%.
The global solar PV backsheet market is additional segmented by installation into roof mounted, ground, and floating. Among these segments, the ground segment generated the major revenue of USD 1683.6 Million in the year 2021 and is further predictable to reach a revenue of USD 3223.8 Million by the end of 2032.
In the Asia Pacific, the segment is projected to grow with a CAGR of 6.3% during the forecast period and touch the largest revenue of USD 1908.5 Million by the end of 2032, up from a revenue of USD 1046.8 Million in the year 2021. On the other hand, in Europe, the segment generated the largest revenue of USD 246.6 Million in the year 2021 and is further projected to reach a revenue of USD 514.8 Million by the end of 2032.
Premature degradation of solar backsheet has increased radically owing to manufacturers are turning to untested, backsheets causing the failure of solar modules. This has increased the consumption of solar backsheets for the extra purpose supporting the growth of the market.
Instance Developments
31March 2022- Bekaert will install a solar park on the factory grounds of its Spanish plant, Industrias del Ubierna SA (Ubisa), in Burgos, Spain, which is a significant step in progressing on the company’s sustainability ambition to reach Carbon Net Zero by 2050. The installation will produce over 14 GWh of electricity per year, equivalent to the yearly consumption of more than 4 000 households. This project is a great example of the actions Bekaert takes to protect the planet by not only focusing on reducing our energy consumption but also investing in renewable energy sources.
22 May 2017 --Borealis and Borouge, leading providers of innovative, value-creating plastics solutions, announce a new partnership with ISOVOLTAIC, a global market and technology leader in backsheets for photovoltaic (PV) modules. At ISOVOLTAIC will launch the innovative ICOSOLAR® CPO 3G, a co-extruded polypropylene (PP) solar backsheet, developed jointly within the framework of a new type of business model with Borealis and Borouge. The core and outer layers of the backsheet film are produced using the first generation of PP-based compounds in Borealis' new umbrella brand for solar grades and products, Quentys
17 May 2012 - US industrial conglomerate Honeywell International (NYSE:HON) announced on Thursday the launch of a new laminate film to be used for protection of solar panels from the elements and helping keep their power output unchanged for 25 years.
Solar PV Back Sheet Market Scope:
Report Data
Solar PV Back Sheet Market
Solar PV Back Sheet Market Size 2022
USD 1.65 billion
Solar PV Back Sheet Market CAGR 2022 - 2032
12%
Solar PV Back Sheet Market Analysis Period
2022 - 2032
Solar PV Back Sheet Market Base Year
2021
Solar PV Back Sheet Market Forecast Data
2022 - 2032
Segments Covered
By Type, By Application, And by Regions
Regional Scope
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Key Companies Profiled
Coveme SpA, Madico, Krempel GmbH, Toyo Aluminium K.K., 3M, Bekaert Specialty Films, Dunmore, E.I. du Pont de Nemours and Co., Flexcon, Hangzhou First PV Material, Honeywell, Isovoltaic, SFC, SKC, Skultuna Flexible AB, Taiflex Scientific, Toppan Printing
Independent Photovoltaic System Grid Photovoltaic (Pv) System
Market by Applications
Municipal Office Other
Frequently Asked Questions
What is the future market value of the Solar PV Back Sheet Market?
The current market value for Solar PV Back Sheet Market is expected USD 1.65 billion by 2032
What is the CAGR of the Market?
The Solar PV Back Sheet Market is to grow at a CAGR of 12% during the forecast by 2032.
What is the Market segment?
On the basis of type, the Solar PV Back Sheet Market is segmented into Independent Photovoltaic System, Grid Photovoltaic (Pv) System
Who are the key players operating in the Solar PV Back Sheet Market?
The major players operating in the Solar PV Back Sheet Market are Coveme SpA, Madico, Krempel GmbH, Toyo Aluminium K.K., 3M, Bekaert Specialty Films, Dunmore, E.I. du Pont de Nemours and Co., Flexcon, Hangzhou First PV Material, Honeywell, Isovoltaic, SFC, SKC, Skultuna Flexible AB, Taiflex Scientific, Toppan Printing, Segment by Application, Municipal, Office, Other
Table of content
1. Global Solar PV Back Sheet Market: Research Methodology
2. Global Solar PV Back Sheet Market: Executive Summary
2.1 Market Overview and Definitions
2.1.1. Introduction to Global Solar PV Back Sheet Market
2.2. Summary
2.2.1. Key Findings
2.2.2. Recommendations for Investors
2.2.3. Recommendations for Market Leaders
2.2.4. Recommendations for New Market Entry
3. Global Solar PV Back Sheet Market: Competitive Analysis
3.1 MRS Competition Matrix
3.1.1. Market Structure by region
3.1.2. Competitive Benchmarking of Key Players
3.2 Consolidation in the Market
3.2.1 M&A by region
3.3 Key Developments by Companies
3.4 Market Drivers
3.5 Market Restraints
3.6 Market Opportunities
3.7 Market Challenges
3.8 Market Dynamics
3.9 PORTERS Five Forces Analysis
3.10 PESTLE
3.11 Regulatory Landscape by region
North America
Europe
Asia Pacific
The Middle East and Africa
South America
3.12 COVID-19 Impacts
4. Global Solar PV Back Sheet Market Segmentation
4.1 Global Solar PV Back Sheet Market, by Type (2022-2032)
Independent Photovoltaic System
Grid Photovoltaic (Pv) System
4.2 Global Solar PV Back Sheet Market, by Application (2022-2032)
Municipal
Office
Other
5. North America Solar PV Back Sheet Market (2022-2032)
5.1 North America Solar PV Back Sheet Market, by Type (2022-2032)
Independent Photovoltaic System
Grid Photovoltaic (Pv) System
5.2 North America Solar PV Back Sheet Market, by Application (2022-2032)
Municipal
Office
Other
6. Europe Solar PV Back Sheet Market (2022-2032)
6.1. European Solar PV Back Sheet Market, by Component (2022-2032)
6.2. European Solar PV Back Sheet Market, by Delivery Model (2022-2032)
6.3. European Solar PV Back Sheet Market, by Functionality (2022-2032)
6.4. European Solar PV Back Sheet Market, by End-user (2022-2032)
6.5. European Solar PV Back Sheet Market, by Country (2022-2032)
UK
France
Germany
Italy
Spain
Sweden
Austria
Rest Of Europe
7. Asia Pacific Solar PV Back Sheet Market (2022-2032)
7.1. Asia Pacific Solar PV Back Sheet Market, by Type (2022-2032)
7.2. Asia Pacific Solar PV Back Sheet Market, by Application (2022-2032)
7.3. Asia Pacific Solar PV Back Sheet Market, by Country (2022-2032)
China
India
Japan
South Korea
Australia
ASEAN
Rest of APAC
8. Middle East and Africa Solar PV Back Sheet Market (2022-2032)
8.1 Middle East and Africa Solar PV Back Sheet Market, by Type (2022-2032)
8.2. Middle East and Africa Solar PV Back Sheet Market, by Application (2022-2032)
8.3. Middle East and Africa Solar PV Back Sheet Market, by Country (2022-2032)
South Africa
GCC
Egypt
Nigeria
Rest Of ME&A
9. South America Solar PV Back Sheet Market (2022-2032)
9.1. South America Solar PV Back Sheet Market, by Type (2022-2032)
9.2. South America Solar PV Back Sheet Market, by Application (2022-2032)
9.3. South America Solar PV Back Sheet Market, by Country (2022-2032)
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