Market Size of Europe Solar Backsheet Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 448.10 Million |
| Market Size (2029) | USD 633.55 Million |
| CAGR (2024 - 2029) | 7.20 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Solar Backsheet Market Analysis
The Europe Solar Backsheet Market size is estimated at USD 448.10 million in 2024, and is expected to reach USD 633.55 million by 2029, growing at a CAGR of 7.20% during the forecast period (2024-2029).
- Over the medium term, the growing demand for solar energy and reducing solar panel costs and associated components for a solar projects are expected to drive the market in the forecast period.
- On the other hand, the availability of pure silicon to make solar PV cells is the major restrain to the market. Even though silicon dioxide is widely available, it costs more to produce pure silicone since it takes a lot of energy to remove the oxygen from the compound.
- Nevertheless, the market is expected to grow with supportive government policies and off-grid facilities to power remote places and islands with solar power. This factor is expected to create several opportunities for the market in the future.
- Germany is expected to be the largest market during the forecast period, owing to the various upcoming solar panel installation projects.
Europe Solar Backsheet Industry Segmentation
The back of solar PV modules is covered with a backsheet, typically constructed of a polymer or a mixture of polymers. This layer's primary job is to create electrical isolation between internal circuitry and the outside world.
The Europe solar backsheet market is segmented by Type (Fluoropolymer and Non-fluoropolymer). The report also covers the size and forecasts for the Europe solar backsheet market across major regions. The report offers the market size and forecasts in revenue (USD) for all the above segments.
| Type | |
| Fluoropolymer | |
| Non-fluoropolymer |
| Geography | |
| Germany | |
| United Kingdom | |
| France | |
| Russia | |
| Spain | |
| Rest of Europe |
Europe Solar Backsheet Market Size Summary
The European solar backsheet market is poised for significant growth over the forecast period, driven by the increasing demand for solar energy and the decreasing costs of solar panels and their components. The backsheet plays a crucial role in providing electrical insulation and protection against environmental factors such as UV radiation, moisture, and extreme temperatures, which are essential for the longevity and efficiency of solar modules. The market is expected to benefit from supportive government policies and initiatives aimed at expanding solar power capacity, particularly in Germany, which is anticipated to lead the market due to its numerous solar panel installation projects. Despite challenges such as the availability of pure silicon for solar PV cells, the market is expected to thrive with advancements in fluoropolymer materials, which are integral to the European Green Deal and are increasingly used in renewable energy installations.
The solar backsheet market in Europe is characterized by a semi-fragmented landscape with key players such as DuPont de Nemours Inc., Isovoltaic AG, Coveme SpA, Arkema SA, and 3M Co. The market's growth is further supported by initiatives like Germany's "Folie40" project, which aims to develop durable encapsulation techniques and backsheet designs for solar PV modules. Additionally, the European Union's investment in projects like Enel Green Power's initiative is expected to stimulate further investment and innovation in solar manufacturing. As the cost of solar PV modules and energy storage systems continues to decrease, the solar backsheet market is likely to experience increased adoption and expansion, driven by the rising installed capacities of solar and wind energy across Europe.
Europe Solar Backsheet Market Size - Table of Contents
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1. MARKET OVERVIEW
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1.1 Introduction
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1.2 Market Size and Demand Forecast in USD, till 2028
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1.3 Recent Trends and Developments
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1.4 Government Policies and Regulations
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1.5 Market Dynamics
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1.5.1 Drivers
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1.5.1.1 Growing Demand for Solar Energy
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1.5.1.2 Reducing Solar Panel Costs and Associated Components for Solar Projects
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1.5.2 Restraints
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1.5.2.1 Availability of Pure Silicon to make Solar PV Cells
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1.6 Supply Chain Analysis
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1.7 Porter's Five Forces Analysis
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1.7.1 Bargaining Power of Suppliers
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1.7.2 Bargaining Power of Consumers
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1.7.3 Threat of New Entrants
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1.7.4 Threat of Substitute Products and Services
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1.7.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 Fluoropolymer
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2.1.2 Non-fluoropolymer
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2.2 Geography
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2.2.1 Germany
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2.2.2 United Kingdom
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2.2.3 France
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2.2.4 Russia
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2.2.5 Spain
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2.2.6 Rest of Europe
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Europe Solar Backsheet Market Size FAQs
How big is the Europe Solar Backsheet Market?
The Europe Solar Backsheet Market size is expected to reach USD 448.10 million in 2024 and grow at a CAGR of 7.20% to reach USD 633.55 million by 2029.
What is the current Europe Solar Backsheet Market size?
In 2024, the Europe Solar Backsheet Market size is expected to reach USD 448.10 million.
