Solar Backsheet Market Growth, Demand and Investment Opportunities by 2029

The growing environmental concerns among the different verticals of businesses have led to the usage of solar energy as a major source of power. This is the primary factor that is escalating the demand for solar cells and consequently fueling the growth of the solar backsheet market. A backsheet is a key constituent of a solar PV cell and the failure of which can cause significant power degradation and can even create safety issues.

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Thus, the major companies are investing more on the research and development in search of better polymers that can provide long term durability and reliability to the solar backsheets. The polyvinylidenefluride (PVDF) used in the double fluropolymers is considered to be the toughest molecule among the fluropolymers. It provides superior resistance against dirt and sand, is chemically inert and provides better durability. The governments of different nations are encouraging the businesses to incorporate the use solar energy. Moreover, the decreasing prices of the different components of the solar cells coupled with the growing usage of solar energy in both commercial as well as residential sectors has led to the growth of the solar backsheet market. 

Asia-Pacific region leads the global solar backsheet market with massive developments for the incorporation of solar energy in the developing economies of the region. According to the National Energy Administration, China is making massive investments for several rooftop solar power projects in the nation. The market in the North America region, especially in the U.S. is expected to grow significantly as the major companies are shifting towards using solar energy as it provides a competitive advantage compared to other conventional sources of energy. The solar backsheet market in Europe is anticipated to grow at a steady pace owing to the reforms made by the government to integrate renewable sources of energy into the industries.

 COVID-19 scenario analysis:

The outbreak of the COVID-19 pandemic has severely affected the global solar backsheet market.

  • Due to the nationwide lockdowns imposed by the governments of different nations to contain the virus, the business activities almost came to a halt. This has resulted in a significant decrease in the demand for energy. Thus, the demand for solar panels have decreased and consequently affecting the solar backsheet market.

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Key Developments:

Though the fluoropolymer-based products dominate the solar backsheet market, there is a shift towards using polyvinylidene fluoride (PVDF) which is a lot cheaper. Among the several materials used to manufacture solar backsheets, the triple layered polyester based material has proven to have better cost-to-performance ratio. However, several companies are shifting towards polypropylene based core as it’s considered to be of better quality and it requires less materials

Bischof + Klein, a German company in May 2018 has come up with a complete polypropylene solution containing a core film with two protective layers. With no fluorine content, this product is also gaining attraction for being recyclable and environment friendly.

AGL Energy is an energy management company in Australia has been developing a virtual power plant model since 2017 by connecting numerous solar battery systems across different commercial and residential places in Adelaide. 

Nexans Solar Technologies established an agreement with Reden, a French photovoltaic company for manufacturing and installing more than 800 units of Nexans’ KEYLIOS Solar Trackers at four solar parks in France.

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