Global solar PV backsheet market to reach $17.5 B by 2034
The global solar PV backsheet market is projected to grow from $14.2 B in 2024 to $17.5 B by 2034, growing at a CAGR of 2.2 %.
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According to a Global Market Insight’s report, the Global Solar PV Backsheet Market was valued at $14.2 B in 2024 and is projected to grow at a steady CAGR of 2.2 % through 2034 reaching $17.5 B.
The solar PV backsheet market is growing rapidly, fuelled by global shifts toward renewable energy, advances in materials, and climate policy targets.
Climate commitments and the push for net-zero emissions are driving demand for high-performance backsheets, especially in utility-scale projects where durability and efficiency are critical. Harsh climates further increase the need for UV-resistant and thermally stable materials with long lifespans to reduce maintenance costs. Additionally, expanding manufacturing capacity in countries like China and India is increasing demand while enabling cost reductions. Sustainability is also gaining traction, with growing interest in recyclable and fluorine-free backsheets offering both environmental and competitive advantages.
There is rapid solar adoption taking place in emerging economies across Africa, Southeast Asia, and Latin America, driven by the need for affordable, sustainable energy solutions. The European market is projected to exceed $2.5 B by 2034, driven by stringent regulatory standards for quality and safety.
Key players in the market: 3M, Arkema, Coveme, Dupont, Dunmore, Endurans Solar, Isovoltaic, Jiangsu Zhongtian Technology, Krempel, among others.
Source: Global Market Insights
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