Solar Backsheet Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

 Solar Backsheet Market Analysis:

During the forecast period of 2022-2027, the solar backsheet market is projected to experience a CAGR of over 15.5%. Despite the challenges posed by the COVID-19 pandemic, the market witnessed growth in 2020 due to the surge in solar energy projects. However, the temporary shutdown of manufacturing units in H1 2020 had a negative impact on the market. The market is expected to continue growing due to the increasing restrictions on conventional fossil fuel energy sources and global efforts to reduce carbon emissions. Additionally, the decreasing costs of solar panels and associated components have made solar energy one of the fastest-growing renewable energy sources. However, the availability of pure silicon to make solar PV cells remains a major restraint on the market, as it requires high energy to remove oxygen from silicon dioxide, thus increasing costs.


The fluoropolymer backsheet segment holds the highest market share and is more expensive than non-fluoropolymer due to its superior resistance to environmental damage, such as ultra-violet radiation, humidity, and vapor penetration. Moreover, solar projects, particularly off-grid projects, present a significant opportunity for the market, as consumers in developing and underdeveloped countries seek to power remote areas and islands with solar power. The Asia-Pacific region is expected to dominate the market with numerous upcoming solar panel installation projects.

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