Coated Backsheet Market Trends and Forecast
The future of the global coated backsheet market looks promising with opportunities in the roof-mounted and ground-mounted markets. The global coated backsheet market is expected to grow with a CAGR of 12.0% from 2024 to 2030. The major drivers for this market are increasing installation of solar panels and rising government incentives towards adoption of renewable energy sources.
• Lucintel forecasts that fluoropolymer is expected to witness higher growth over the forecast period.
• Within this market, roof-mounted is expected to witness the higher growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the Coated Backsheet Market
• United States: First Solar announced plans to build a new $680 million factory in Ohio to produce advanced thin-film solar panels, which include coated backsheets for increased durability. The U.S. Department of Energy has set ambitious targets to achieve 45% solar energy by 2050, encouraging innovations in backsheet technology.
• China: JinkoSolar introduced its new Tiger Neo panels featuring enhanced coated backsheets, aiming to improve efficiency and longevity. The Chinese government has continued its push for renewable energy, targeting 1,200 GW of installed solar capacity by 2030, which includes advancements in backsheet technology.
• Germany: Wacker Chemie AG announced a partnership with several photovoltaic manufacturers to develop next-generation coated backsheets. The German government has set a target to achieve 80% renewable energy by 2030, supporting investments in high-performance solar components.
• India: Vikram Solar launched a new range of solar panels with innovative coated backsheets designed to withstand harsh weather conditions. The Indian government has reinforced its commitment to achieving 175 GW of renewable energy by 2022, pushing for the adoption of more durable and efficient solar solutions.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Coated Backsheet Market by Segment
The study includes a forecast for the global coated backsheet market by type, application, and region.
Coated Backsheet Market by Type [Value from 2018 to 2030]:
• Fluoropolymer
• Non-Fluoropolymer
Coated Backsheet Market by Application [Value from 2018 to 2030]:
• Roof-Mounted
• Ground-Mounted
Coated Backsheet Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Coated Backsheet Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies coated backsheet companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the coated backsheet companies profiled in this report include-
• Jolywood
• Coveme
• Luckyfilm
• Taiflex
• Toppan
• Zhongtian Technologies
• Crown Advanced Material
Recent Development in the Coated Backsheet Market
• DSM: DSM has launched a new generation of coated backsheets with enhanced durability and weather resistance. Their product focuses on providing superior UV and moisture protection, extending the lifespan of solar panels. This innovation aims to meet the growing demand for high-performance materials in the photovoltaic industry.
• DuPont: DuPont has introduced its latest Tedlar® PVF film technology for coated backsheets, emphasizing improved electrical insulation and mechanical strength. This advancement is designed to enhance the reliability and efficiency of solar modules, addressing the need for long-lasting and robust photovoltaic solutions in various environmental conditions.
• Krempel Group: Krempel Group has developed a new line of PVL backsheets featuring enhanced barrier properties and thermal stability. Their innovative materials aim to protect solar cells from harsh environmental factors, ensuring optimal performance and longevity. This development aligns with the increasing focus on sustainability and energy efficiency in solar technologies.
• Arkema: Arkema has unveiled its high-performance Kynar® PVDF coatings for solar backsheets, highlighting their superior chemical resistance and weatherability. These coatings are engineered to withstand extreme weather conditions, ensuring the durability and reliability of solar panels. ArkemaÄX%$%Xs innovation is a response to the rising demand for advanced materials in renewable energy applications.
• Toyobo: Toyobo has launched its durable and high-performance coated backsheets, featuring improved resistance to UV radiation and hydrolysis. Their latest product line is designed to enhance the overall efficiency and lifespan of solar modules, catering to the growing need for reliable and long-lasting photovoltaic solutions in diverse climates.
Features of the Global Coated Backsheet Market
Market Size Estimates: Coated backsheet market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Coated backsheet market size by type, application, and region in terms of value ($B).
Regional Analysis: Coated backsheet market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the coated backsheet market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the coated backsheet market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for coated backsheet market?
Answer: The global coated backsheet market is expected to grow with a CAGR of 12.0% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the coated backsheet market?
Answer: The major drivers for this market are increasing installation of solar panels and rising government incentives towards adoption of renewable energy sources.
Q3. What are the major segments for coated backsheet market?
Answer: The future of the coated backsheet market looks promising with opportunities in the roof-mounted and ground-mounted markets.
Q4. Who are the key coated backsheet market companies?
Answer: Some of the key coated backsheet companies are as follows:
• Jolywood
• Coveme
• Luckyfilm
• Taiflex
• Toppan
• Zhongtian Technologies
• Crown Advanced Material
Q5. Which coated backsheet market segment will be the largest in future?
Answer: Lucintel forecasts that fluoropolymer is expected to witness higher growth over the forecast period.
Q6. In coated backsheet market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the coated backsheet market by type (fluoropolymer and non-fluoropolymer), application (roof-mounted and ground-mounted), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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