Us Solar Photovoltaic Backsheet Market Size By Applications, By Type, By End-User, By Deployment & By Technology 2032
Solar Photovoltaic Backsheet Market was valued at USD 2.7 Billion in 2022 and is projected to reach USD 4.5 Billion by 2030, growing at a CAGR of 7.0% from 2024 to 2030.
The United States solar photovoltaic (PV) backsheet market is experiencing significant growth, driven by the nation's increasing commitment to renewable energy and favorable government policies. As of 2023, the North American crystalline solar PV backsheet market was valued at approximately $2.1 billion, with projections indicating a compound annual growth rate (CAGR) of 1.1% from 2024 to 2032. This upward trajectory is largely attributed to incentives such as tax credits and rebates that promote the adoption of sustainable energy solutions.
In my experience working within the solar industry, I've observed firsthand how these incentives have catalyzed investment in solar infrastructure. Companies are expanding their manufacturing capacities to meet the rising demand. For instance, Heliene, a Canadian solar-module manufacturer, secured up to $54 million in funding to establish a new factory in Minnesota. This facility aims to produce solar modules with a total capacity of 550 megawatts, sufficient to power approximately 95,000 homes annually.
However, the market is not without its challenges. Recent policy shifts, including anticipated tariffs on imports, have introduced uncertainties. In late 2024, the U.S. Commerce Department imposed new antidumping duties on solar imports from Southeast Asia, responding to concerns about market flooding with inexpensive products. These duties, coupled with proposed tariffs on imports from China, Canada, and Mexico, could potentially increase project costs by up to 30%, significantly impacting planned utility-scale solar installations in 2025.
Despite these hurdles, the domestic manufacturing landscape is evolving. The U.S. has quadrupled its solar panel manufacturing capacity, reaching 31.3 gigawatts in the second quarter of 2024. This expansion is largely due to incentives from the 2022 Inflation Reduction Act (IRA), which have been instrumental in fostering a robust domestic supply chain. Yet, even with this growth, domestic production still falls short of meeting the burgeoning demand, necessitating continued reliance on imports.
From discussions on platforms like Reddit and Quora, industry professionals and enthusiasts express a mix of optimism and caution. Many highlight the importance of diversifying supply chains and securing long-term agreements with domestic producers to mitigate the risks associated with policy fluctuations and import dependencies. The consensus underscores the need for stability in regulations to sustain investor confidence and ensure the continued growth of the solar PV backsheet market.
In conclusion, while the U.S. solar PV backsheet market is poised for growth, it must navigate a complex landscape of policy changes, import dependencies, and manufacturing challenges. Stakeholders are advised to stay informed and adaptable, leveraging both domestic and international resources to meet the nation's renewable energy goals.
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Coveme
DUNMORE
Isovoltaic
Toppan
KREMPEL GmbH
Toray
Taiflex
Toyal
3M
SFC
Madico
Suzhou Sunshine New Materials Technology
Shanghai SCH Filmtec
Fujifilm
ZTT
Targray
Hangzhou Hongfu Technologies
Honeywell
Jolywood
HANGZHOU FIRST PV MATERIA
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Solar Photovoltaic Backsheet Market
Polyester Backing
Polyvinyl Fluoride (PVF) Backing
Polyethylene Backing
Fluoropolymer Backing
Residential
Commercial
Utility-scale Solar Power
Off-grid Applications
Below 30 microns
30 to 50 microns
Above 50 microns
Electrical Insulation
Moisture Resistance
Weather Protection
Thermal Stability
Standard Solar Panels
Building Integrated Photovoltaics (BIPV)
Solar Power Carports
Solar Glass Applications
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Solar Photovoltaic Backsheet Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Solar Photovoltaic Backsheet Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Solar Photovoltaic Backsheet Market, By Type
6. Global Solar Photovoltaic Backsheet Market, By Application
7. Global Solar Photovoltaic Backsheet Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Solar Photovoltaic Backsheet Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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