According to a new report published by UnivDatos Markets Insights, the Solar PV Backsheet Market is expected to grow at a CAGR of around 19% from 2022-2028. The analysis has been segmented into Type (Fluoropolymer and Non-Fluoropolymer); Installation (Floating Power Plant, Pitched Roof Solar, Ground Mount Solar, and Other); Application (Floating Power Plant, Pitched Roof Solar, Ground Mount Solar and Other); Region/Country.
The solar PV backsheet market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the solar PV backsheet market. The solar PV backsheet market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the solar PV backsheet market at the global and regional levels.
 
Market Overview
A solar PV backsheet is a protective layer in a photovoltaic (PV) module that covers the back side of the solar cells and protects the module's electrical components. The backsheet is typically made of a weather-resistant material such as polyvinyl fluoride (PVF) or ethylene vinyl acetate (EVA) and is designed to prevent moisture, dust, and other environmental elements from entering the module and causing damage. It also provides mechanical support to the module and improves the module's overall durability and reliability. In recent times, Solar PV backsheet has witnessed significant demand around the world attributed to the growing demand for energy and power coupled with the increasing investment in the renewable energy sectors.
Factors such as technological advancement coupled with the growing number of industries and manufacturing units along with the new product launches in the market are some of the prominent factors that are positively influencing the market growth globally.
Some of the major players operating in the market include DuPont, Agfa-Gevaert NV, HANGZHOU FIRST APPLIED MATERIAL CO.LTD., DUNMORE, Mitsubishi Polyester Film Inc., TORAY INDUSTRIES, INC., Coveme, Isovoltaic, Canadian Solar, and Jolywood
 
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COVID-19 Impact
The recent covid-19 pandemic has disrupted the world and has brought a state of shock to the global economy. The global pandemic has impacted the solar PV backsheet market due to the implementation of the forced lockdown and restriction on operational activities. Also, the increase in the commodity price and volatility in the raw material price along with the gap in the supply chain impacted the import and export of the solar PV backsheet as well and impacted the market negatively.
The global solar PV backsheet market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
·        Based on the installation, the market is segmented into floating power plant, pitched roof solar, ground mount solar and other. The floating power plant segment is expected to register a significant CAGR during the forecast period. A floating solar power plant is a solar power generating system installed on a floating platform on a body of water, such as a lake or pond. The floating design allows for the utilization of otherwise unused space, as well as providing cooling benefits for the solar panels. It can also offer advantages for water evaporation prevention and reduction of water algal growth.
·        Based on the type, the market is bifurcated into the fluoropolymer and non-fluoropolymer segments. Due to its capacity to shield panels from atmospheric exposure such as rain, cold, etc., and to reduce the adverse effects of electric shock from any source, fluoropolymer segments are expected to experience considerable market expansion over the course of the projection period. Additionally, fluoropolymers, which are inert by nature and have low surface energy, could be employed as the junction box's glue. Also, they have exceptional chemical resistance, high-temperature tolerance, low coefficient of friction, and non-stick properties and are expected to contribute to market growth.
 
Solar PV Backsheet Market Geographical Segmentation Includes:
·        North America (United States, Canada, and the Rest of North America)
·        Europe (Germany, United Kingdom, Spain, Italy, France, and the Rest of Europe)
·        Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific)
·        Rest of the World
Asia-Pacific is anticipated to grow at a substantial CAGR during the forecast period. This is mainly due to the increasing demand for energy and the increasing adoption of renewable energy in the region. Also, the stringent government regulation for carbon emission and focus to replace the aging power infrastructure with the smart grid and smart technologies is expected to propel the market growth during the forecast period. Furthermore, the launch of the new renewable project and growing digitalization in the grid technology will support the market growth. For instance, according to the power technology, there are several solar power projects have been launched in the Asia-Pacific including Golmud Solae CSP Power Plant in China and Mudigubba Solar Park in India. Additionally, the increasing investment in green energy projects and increasing research & development activities are expected to propel the market growth. For instance, AGL Energy, Australia has been developing a virtual power plant model since 2021 with solar batteries across different residential and commercial buildings.
The major players targeting the market include
·        DuPont
·        Agfa-Gevaert NV
·        HANGZHOU FIRST APPLIED MATERIAL CO.LTD.
·        DUNMORE
·        Mitsubishi Polyester Film Inc.
·        TORAY INDUSTRIES, INC.
·        Coveme
·        Isovoltaic
·        Canadian Solar
·        Jolywood
Competitive Landscape
The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the solar PV backsheet market. The major players have been analyzed by using research methodologies for getting insight views on global competition.
Key questions resolved through this analytical market research report include:
• What are the latest trends, new patterns, and technological advancements in the solar PV backsheet market?
• Which factors are influencing the solar PV backsheet market over the forecast period?
• What are the global challenges, threats, and risks in the solar PV backsheet market?
• Which factors are propelling and restraining the solar PV backsheet market?
• What are the demanding global regions of the solar PV backsheet market?
• What will be the global market size in the upcoming years?
• What are the crucial market acquisition strategies and policies applied by global companies?
We understand the requirement of different businesses, regions, and countries, we offer customized reports as per your requirements of business nature and geography. Please let us know If you have any custom needs.
 
 
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Solar PV Backsheet Market Report Coverage
Report Attribute
Details
Base year
2021
Forecast period
2022-2028
Growth momentum
Accelerate at a CAGR of over 19%
Market size 2020
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Regional analysis
North America, Europe, APAC, Rest of the World
Major contributing region
Asia-Pacific to Dominate the Global Solar PV Backsheet Market
Key countries covered
United States, Canada, Germany, United Kingdom, Spain, Italy, France, China, Japan, India, and Australia
Companies profiled
DuPont, Agfa-Gevaert NV, HANGZHOU FIRST APPLIED MATERIAL CO.LTD., DUNMORE, Mitsubishi Polyester Film Inc., TORAY INDUSTRIES, INC., Coveme, Isovoltaic, Canadian Solar, and Jolywood
Report Scope
Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Demand and Supply Side Analysis; Competitive Landscape; Company Profiling
Segments Covered
By Type; By Installation; By Application; By Region/Country
 
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About UnivDatos Market Insights
UnivDatos Market Insights (UMI) is a passionate market research firm and a subsidiary of Universal Data Solutions. We believe in delivering insights through Market Intelligence Reports, Customized Business Research, and Primary Research. Our research studies are spread across topics across the world, we cover markets in over 100 countries using smart research techniques and agile methodologies. We offer in-depth studies, detailed analysis, and customized reports that help shape winning business strategies for our clients.
 
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