The global PV Backsheet market is projected to grow at a CAGR of 9.97% during the forecast period. Rising solar PV installation is the major driver of the solar PV backsheet market. Growing focus on the renewable energy sector due to rising electricity prices and environmental sustainability concerns is driving the installation of solar panels which, in turn, is propelling the growth of the solar PV backsheet market. The declining cost of solar panels is further augmenting the use of solar energy, thus positively impacting the growth of the solar PV backsheet market. Favourable government initiatives and policies to encourage the use of solar energy will continue to support the growth of the solar PV backsheet market. Geographically, the market is segmented as North America, South America, Europe, Middle East and Africa, and the Asia Pacific. APAC dominates the solar PV backsheet market owing to the high production of solar modules in the region.
Growing focus on solar energy
Supportive government policies and initiatives
Rising adoption of micro grids
In 2017, DSM announced the acquisition of Sunshine Technology to expand its product portfolio by offering protective polymer backsheets in the solar PV market.
Recently in May 2019, JinkoSolar has launched the latest addition to its range of premium Cheetah products, the “Swan” bifacial module with DuPont’s new clear Tedlar-based backsheet at Intersolar Europe 2019.
The major players profiled in the Global PV Backsheet market include Coveme, DUNMORE, Targray, KREMPEL GmbH, 3M, Agfa-Gevaert Group, BioSolar, Inc., and Aluminium Féron GmbH & Co. KG.
The Global PV Backsheet Market has been analyzed through the following segments:
Middle East and Africa