Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Solar PV Backsheet Market size was valued at USD 4.75 billion in 2024 and is expected to reach USD 12.31 billion by 2037, registering around 7.6% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of solar PV backsheet is assessed at USD 5.35 billion.
Rising worldwide solar PV installation, as well as the growing demand and necessity to reduce carbon emissions, are likely to drive the global solar backsheet market. In the previous nine years, installed solar energy capacity has expanded by 24.4 times, and it now stands at 66.7 GW as of May 2023 in India.
Promising expansion and development in the renewable energy industry are also projected to positively benefit the target market's growth. Another driver expected to drive solar backsheet revenue is technical improvement in solar back sheets, which will result in new product innovations. According to SolarPower Europe, solar power developed quickly over the last decade, from 30 GW in 2011 to 138 GW in 2020, mostly due to utility-scale projects and the fluoropolymer solar back sheet business.
