Solar Backsheet Market Key Players:
The key players of the global solar backsheet market are Honeywell (US), Agfa (Belgium), Dupont (US), Jolywood (China), Isovoltaic (Austria), 3M (US), Dunmore Corporation (US), Hangzhou Sunhome Solar Backsheet Co.,Ltd. (China), Krempel (Germany), and Flexcon (US), among others.
Market Highlights
Market Research Future published a half-cooked research report on global Solar Backsheet Market Size is projected to rise at a USD of 5.6 Billion by 2025, enrolling a CAGR of 7.20% during the estimated time frame 2020 – 2025. The Solar Backsheet Market was esteemed at a USD 2.41 billion out of 2020. Solar backsheet is used in solar power plants to generate electricity for various applications such as residential, commercial, military, industrial, and utilities. Solar backsheet is used to protect the photovoltaic module from UV radiations, moisture penetration, electrical insulation, and offer the durability to the PV module.
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Based on application, the market is segmented as utility, residential, commercial, industrial, and military. Utility segment is estimated to dominate the market during the forecast period due to the increase in installations of solar plants for distributed power generation and utility. The installation is majorly taking place in Europe, North America, and Asia Pacific. Considering the type, the market is segmented as fluoropolymer and non-fluoropolymer. Fluoropolymer type of backsheet is majorly installed in solar power parks due to its higher efficiency and better insulation properties compared to non-fluoropolymer backsheet.
Market Research Analysis
Asia Pacific accounts for the largest market share in the Solar Backsheet Market
Region wise, Asia Pacific held the largest market share of the global solar backsheet market in 2017. It is estimated that Asia-Pacific region would be the fastest growing market during the forecast period, mainly due to the rising investment in renewable energy sources and high demand for solar backsheet by the utilities. The solar backsheet market would be mainly driven by the favorable government initiatives to increase the investment in renewable energy to reduce carbon emission.
Scope of the Report
This report provides an in-depth analysis of the global solar backsheet market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, and share for North America, Asia-Pacific (APAC), Europe, and Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the solar backsheet market by its type, installation, application, and by region.
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