Global Solar PV Backsheet Market Analysis 2021-2031

The global solar PV backsheet market is anticipated to grow with a CAGR of 7.1% during the forecast period, i.e., 2022 - 2031. Factors such as the increasing initiatives of the nations around the globe to achieve Net Zero Scenario, along with the rising deployment of solar farms are projected to drive the market growth. Additionally, rising demand for solar panels amongst the end-users, and the increasing government initiatives to promote the adoption of solar panels in terms of subsidies and incentives, are also expected to contribute to the market growth in the coming years. The market is estimated to garner a revenue of near to USD 4900 Million by the end of 2031, up from a revenue of close to USD 2480 Million in the year 2021.

The global solar PV backsheet market is segmented into numerous segments, which include segmentation by type, installation, end-user, and by region. By type, the market is segmented into non-fluoropolymer, single fluoropolymer, and double fluoropolymer. By the end of 2031, the single-fluoropolymer segment is anticipated to garner the largest revenue of more than USD 1970 Million, up from a revenue of about USD 1050 Million in the year 2021.

On the basis of regional analysis, the global solar PV backsheet market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. By the end of 2031, the market in the Asia Pacific is anticipated to garner the largest revenue of around USD 2900 Million. Additionally, the segment registered the largest revenue of close to USD 1530 Million in the year 2021.

Some of the prominent industry leaders in the global solar PV backsheet market that are included in our report are Cybrid Technologies Inc., DuPont de Nemours, Inc., Targray Technology International Inc., COVEME s.p.a., Toyo Aluminium K.K., TORAY INDUSTRIES INC., DUNMORE, KREMPEL GmbH, TAIFLEX Scientific Co. Ltd., HANGZHOU FIRST APPLIED MATERIAL CO. LTD., and others.