The global solar backsheet market was valued at USD 1.71 Billion in 2018 and is expected to grow at a CAGR of 7.02%, during the forecast period, to reach USD 2.40 Billion by 2023. The market growth for solar backsheet is mainly driven by increasing solar PV installation as well as policy support from governments to enable the adoption of renewable technologies. Another factor driving the demand for solar backsheet is the need to reduce carbon emissions.

Objectives of the Study

• To define, describe, segment, and forecast the solar backsheet market by type, application, installation, and region
• To provide detailed information on the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
• To strategically analyze the solar backsheet market with respect to individual growth trends, future expansions, and contribution to the market
• To forecast the expansion of the solar backsheet market with respect to the main regions (Asia Pacific, North America, Europe, and the rest of the world)
• To analyze market opportunities for stakeholders and details of a competitive landscape for market leaders
• To analyze competitive developments such as contracts & agreements, mergers & acquisitions, new product developments, and expansions in the solar backsheet market

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The report segments the Solar Backsheet Market, by installation, into roof-mounted, ground-mounted, and floating power plant. The floating power plant market is expected to grow at the highest CAGR during the forecast period. The growth of the market can be attributed to the ability of these plants to generate more power due to the cooling nature of water. Floating power plants also solve land constraints issues, which is a major hurdle in ground-mounted solar installations.

In this report, the Solar Backsheet Market has been analyzed with respect to 4 regions, namely, North America, Europe, Asia Pacific, and the rest of the world. Asia Pacific is projected to dominate the global Solar Backsheet Market during the forecast period due to the significant increase in solar PV installation in China and India. China is the largest market in Asia Pacific and is heavily investing in solar PV to reduce carbon emissions and fulfill its power needs. Asia Pacific is also expected to be the fastest-growing market, followed by North America.

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The solar backsheet market ecosystem comprises raw material suppliers such as DowDuPont (US) and Arkema (France). It includes solar backsheet manufacturers such as Cybrid (China), Jolywood (China), Hangzhou (China), and ISOVOLTAIC (Austria). It also comprises solar panel manufacturers such as JinkoSolar (China), Trina Solar (China), Canadian Solar (Canada), and JA Solar (China).

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