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Global Solar PV Backsheet Market to Grow at 15% CAGR and Register $2 Billion Incremental Growth During 2020-2024 | Technavio

·4-min read

The solar PV backsheet market is expected to grow by USD 2.06 billion, progressing at a CAGR of almost 15% during the forecast period.

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Technavio has announced its latest market research report titled Global Solar PV Backsheet Market 2020-2024 (Graphic: Business Wire)

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The increasing use of thin-film solar PV modules is one of the major factors propelling the market growth. However, the backsheet-associated PV module failures will hamper growth.

More details:

Solar PV Backsheet Market: Product Landscape

Based on the product, the fluoropolymer segment led the market in 2019. The growth of the segment can be attributed to the superior performance of fluoropolymer products such as low module power loss, less degradation, and the ability to withstand harsh climatic conditions and environmental stresses. The growth of the market in the segment will be significant over the forecast period.

Solar PV Backsheet Market: Geographic Landscape

By geography, APAC is going to have a lucrative growth during the forecast period. About 69% of the market’s overall growth is expected to originate from APAC. Factors such as the adoption and implementation of microgrids, the declining cost of solar power generation, and a shift in focus toward renewables are fostering the growth of the solar PV backsheet market in APAC.

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Related Reports on Utilities Include:

Global Solar Microinverter Market - Global solar microinverter market is segmented by end-user (Residential and Non-residential) and geography (North America, Europe, APAC, South America, and MEA). Click Here to Get an Exclusive Free Sample Report

Global Solar PV Tracker Market - Global solar PV market is segmented by technology (solar PV and CSP), product (single-axis trackers and dual-axis trackers), and geography (APAC, Europe, MEA, North America, and South America). Click Here to Get an Exclusive Free Sample Report

Companies Covered:

  • 3M Co.

  • Agfa-Gevaert NV

  • Arkema SA

  • DuPont de Nemours Inc.

  • Honeywell International Inc.

  • Jolywood (Suzhou) Sunwatt Co. Ltd.

  • Koninklijke DSM NV


  • Nippon Light Metal Holdings Co. Ltd.

  • Toray Industries Inc.

What our reports offer:

  • Market share assessments for the regional and country-level segments

  • Strategic recommendations for the new entrants

  • Covers market data for 2019, 2020, until 2024

  • Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)

  • Strategic recommendations in key business segments based on the market estimations

  • Competitive landscaping mapping the key common trends

  • Company profiling with detailed strategies, financials, and recent developments

  • Supply chain trends mapping the latest technological advancements

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Key Topics Covered:

Executive Summary

Market Landscape

  • Market ecosystem

  • Value chain analysis

Market Sizing

  • Market definition

  • Market segment analysis

  • Market size 2019

  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five forces summary

  • Bargaining power of buyers

  • Bargaining power of suppliers

  • Threat of new entrants

  • Threat of substitutes

  • Threat of rivalry

  • Market condition

Market Segmentation by Product

  • Market segments

  • Comparison by Product

  • Fluoropolymer - Market size and forecast 2019-2024

  • Non-fluoropolymer - Market size and forecast 2019-2024

  • Market opportunity by Product

Customer landscape

  • Overview

Geographic Landscape

  • Geographic segmentation

  • Geographic comparison

  • APAC - Market size and forecast 2019-2024

  • Europe - Market size and forecast 2019-2024

  • North America - Market size and forecast 2019-2024

  • South America - Market size and forecast 2019-2024

  • MEA - Market size and forecast 2019-2024

  • Key leading countries

  • Market opportunity by geography

  • Volume drivers – Demand led growth

  • Market challenges

  • Market trends

Vendor Landscape

  • Vendor landscape

  • Landscape disruption

Vendor Analysis

  • Vendors covered

  • Market positioning of vendors

  • 3M Co.

  • Agfa-Gevaert NV

  • Arkema SA

  • DuPont de Nemours Inc.

  • Honeywell International Inc.

  • Jolywood (Suzhou) Sunwatt Co. Ltd.

  • Koninklijke DSM NV


  • Nippon Light Metal Holdings Co. Ltd.

  • Toray Industries Inc.


  • Scope of the report

  • Currency conversion rates for US$

  • Research methodology

  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200