Europe Solar Backsheet Market Size
| 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 Market Trends
Fluoropolymer to Witness Significant Growth
- The back sheet laminate's primary job is to provide electrical insulation for the solar modules. Still, they also shield them from damaging environmental factors like UV radiation, moisture, extreme temperatures, tiny particles like sand grains, and harmful gases like ammonia, which help to avoid expensive failures.
- A fluoropolymer solar back sheet's inner, middle, and outer layers are joined to the solar panel's outermost layer. The primary materials used to create the inner and outer layers of the solar back sheet are polyvinyl fluoride (PVF) and polyvinylidene fluoride (PVDF). In contrast, polyethylene terephthalate makes up the intermediate layer (PET or polyester).
- Fluoropolymers are a crucial component of the European Green Deal and are employed in many parts of renewable energy installations, including PV panels and hydrogen fuel cells. They are also utilized in energy storage devices like lithium-ion batteries and PEM fuel cells. Both PV and wind energy installed capacities are rising significantly.
- In 2022, Europe's total solar photovoltaic capacity accounted for 225.4 thousand MW. The PV capacity is expected to rise in the forecast period, driving the solar backsheet market.
- Hence, with additional benefits than non-fluoropolymer, the segment will likely have high adoption in solar energy projects. Further, mass production is expected to reduce prices and boost the segment during the forecast period.
Germany to Witness Significant Growth
- With the cost of solar PV modules and energy storage systems reduced and the added benefit of reduced ancillary cost at the time of peak demand, the solar PV market is likely to increase during the forecast period, which, in turn, is expected to drive the solar back sheet market in the country.
- Moreover, Germany's government has set a target of raising its solar power capacity to 200GW by 2030, for which the country's government is planning to increase solar tenders to 20GW.
- In October 2022, Berlin, which is suffering from the effects of its over-reliance on Russian fuel and wants to reduce its dependence on Chinese technology, asked Brussels for assistance in reviving its solar panel industry and enhancing the security of the bloc's energy supply.
- In 2022, Germany's total solar photovoltaic capacity accounted for 66.5 thousand MW. The PV capacity is expected to rise in the forecast period as the backsheet is used to cover the back of solar PV modules, thus driving the solar backsheet market.
- Overall, in Germany, the solar backsheet market is expected to dominate due to increasing investment in solar PV module installation.
Europe Solar Backsheet Industry Overview
The European solar backsheet market is semi-fragmented. Some of the key players in this market (in no particular order) includes DuPont de Nemours Inc., Isovoltaic AG, Coveme SpA, Arkema SA, 3M Co., and Krempel GmbH.
Europe Solar Backsheet Market Leaders
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Coveme SpA
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Isovoltaic AG
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Arkema SA
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DuPont de Nemours Inc.
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3M Co.
*Disclaimer: Major Players sorted in no particular order
Europe Solar Backsheet Market News
- November 2023, Germany's Fraunhofer Center for Silicon Photovoltaics (Fraunhofer CSP) is leading "Folie40," a research project strived at exploring novel encapsulation techniques and backsheet designs for PV modules with lifecycles of at least 40 years. The project consortium comprises German backsheet maker Folienwerk Wolfen, Switzerland-based module manufacturer Meyer Burger, Spanish coating specialist Aluminum Féron, the Fraunhofer Institute for Solar Energy Systems (Fraunhofer ISE), and the Anhalt University of Applied Sciences.
- October 2022: Enel Green Power secured USD 126 million in funds from the European Union Innovation Fund to support the project. The European Union is anticipating that it would spur additional investment in related initiatives and kick-start a high-tech revival of European solar manufacturing.
Europe Solar Backsheet Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Scope of Study
- 1.2 Market Definition
- 1.3 Study Assumptions
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET OVERVIEW
- 4.1 Introduction
- 4.2 Market Size and Demand Forecast in USD, till 2028
- 4.3 Recent Trends and Developments
- 4.4 Government Policies and Regulations
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4.5 Market Dynamics
- 4.5.1 Drivers
- 4.5.1.1 Growing Demand for Solar Energy
- 4.5.1.2 Reducing Solar Panel Costs and Associated Components for Solar Projects
- 4.5.2 Restraints
- 4.5.2.1 Availability of Pure Silicon to make Solar PV Cells
- 4.6 Supply Chain Analysis
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4.7 Porter's Five Forces Analysis
- 4.7.1 Bargaining Power of Suppliers
- 4.7.2 Bargaining Power of Consumers
- 4.7.3 Threat of New Entrants
- 4.7.4 Threat of Substitute Products and Services
- 4.7.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 Type
- 5.1.1 Fluoropolymer
- 5.1.2 Non-fluoropolymer
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5.2 Geography
- 5.2.1 Germany
- 5.2.2 United Kingdom
- 5.2.3 France
- 5.2.4 Russia
- 5.2.5 Spain
- 5.2.6 Rest of Europe
6. COMPETITIVE LANDSCAPE
- 6.1 Vendor Market Share
- 6.2 Mergers & Acquisitions
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6.3 Company Profiles
- 6.3.1 Coveme SpA
- 6.3.2 Isovoltaic AG
- 6.3.3 Arkema SA
- 6.3.4 DuPont de Nemours Inc.
- 6.3.5 3M Co.
- 6.3.6 DUNMORE
- 6.3.7 Krempel GmbH
- 6.3.8 Madico Inc.
- 6.3.9 Toyo Aluminium KK
- 6.3.10 Targray Technology International Inc.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Supportive Government Policies and Off-grid Facilities to Power Remote Places and Islands with Solar Power
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 Research 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.
Who are the key players in Europe Solar Backsheet Market?
Coveme SpA, Isovoltaic AG, Arkema SA, DuPont de Nemours Inc. and 3M Co. are the major companies operating in the Europe Solar Backsheet Market.
Europe Solar Backsheet Industry Report
Statistics for the 2024 Europe Solar Backsheet market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe Solar Backsheet analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
