Solar backsheet is the outermost layer of the photovoltaic (PV) module which is used to protect the components of the PV module and act as an electric insulator. Solar backsheet is installed on the ground, roof, and on the floating power plant. They are majorly used in utilities, residential complexes, commercial areas, and industrial applications. Solar backsheet have been very useful to protect the PV module from UV rays, moisture penetration to offer durability to the PV module. The global solar backsheet market is estimated to expand at 7.20% CAGR during the forecast period.

Need for reduction of carbon emission is also likely to drive the solar backsheet market. Solar power is widely used as it is an affordable source of electricity and helps to reduce energy bills along with cutting down the CO2 emissions that affect our environment. For instance, according to Bloomberg New Energy Finance (BNEF), India is building multiple large solar power parks which would include half of the world’s ten largest solar parks. Thus, accelerating the demand for solar backsheet.

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The growing demand for solar backsheet market is attributed to the increasing installation of solar PV panel and growing focus on increasing renewable energy share in the total power generation mix. Major utlities are increasing their investment in solar power parks to provide its customers with reduced electricity cost and reduce carbon emission . One of the major restraints for the global solar backsheet market is the high installation cost of solar PV power.

Industry Segmentation:

The solar backsheet market has been segmented based on installation into ground mounted, rooftop mounted, and floating power plant. Among these types, rooftop mounted is the fastest growing segment in the solar backsheet market as it is comparatively easier to install, and costs less compared to other two types of installation.

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Regional Outlook:

Asia Pacific held the largest market share of the global solar backsheet market in 2017. It is estimated that Asia-Pacific region would be the fastest growing market during the forecast period, mainly due to the rising investment in renewable energy sources and high demand for solar backsheet by the utilities. The solar backsheet market would be mainly driven by the favorable government initiatives to increase the investment in renewable energy to reduce carbon emission.

Key Players:

The key players of the global solar backsheet market are Honeywell (US), Agfa (Belgium), Dupont (US), Jolywood (China), Isovoltaic (Austria), 3M (US), Dunmore Corporation (US), Hangzhou Sunhome Solar Backsheet Co.,Ltd. (China), Krempel (Germany), and Flexcon (US), among others.

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