Europe Solar Backsheet Market Research Report Information By Type (Fluoropolymer and Non-Fluoropolymer)–and Europe Market Forecast Till 2032

Europe Solar Backsheet Market Overview                   

Europe's Solar Backsheet Market Size was valued at USD 0.48 Billion in 2022. The Solar Backsheet market industry is projected to grow from USD 0.51 Billion in 2023 to USD 0.96 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 8.00% during the forecast period (2023 - 2032). Rising demand in the industry, technological advancements, ongoing developments in the photovoltaic sector, favorable regulatory frameworks and initiatives, cost-efficient production methods, and effective administrative policies are the main market drivers anticipated to propel the solar backsheet market in Europe.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe Solar Backsheet Market Trends

• An increase in the number of solar panel installations and government policies promoting various solar energy projects is driving the market growth.

Due to the increasing preference for sustainable energy sources and a growing emphasis on large-scale projects, there is a rising demand for solar rooftops equipped with efficient backsheets across residential, commercial, and industrial sectors. This trend is fostering a positive market outlook. SolarPower Europe's annual progress report on solar power indicates that in 2022, the EU saw a significant surge in installations, with 41.4 GW of solar capacity installed, marking a 47% increase from the previous year's 28.1 GW. Notably, ten EU countries are now adding at least 1 GW of solar capacity annually. Germany led the pack in 2022 with an addition of nearly 8 GW, followed by Spain (7.5 GW), Poland (4.9 GW), the Netherlands (4.0 GW), and France (2.7 GW). The solar energy industry in Europe achieved another milestone in 2023, installing a remarkable 56 GW, pushing the total solar capacity in the EU to 263 GW, a 27% increase. With such impressive numbers, the EU's target of reaching 600 GW by 2030 seems feasible.

In line with the REPowerEU plan, the Commission introduced an EU solar energy strategy in May 2022, aiming to bring online over 320 GW of solar photovoltaic capacity by 2025 and 600 GW by 2030. This strategy is complemented by initiatives to streamline the permitting process for renewable energy projects, as outlined in the revised Renewable Energy Directive (EU/2023/2413), which will facilitate the rapid deployment of solar energy in the EU. Additionally, the German government is offering low-interest loans and financial assistance for energy storage projects. The installation, expansion, and acquisition of renewable energy sources, including photovoltaic systems and energy storage solutions, are further supported by KfW's low-interest loans for energy-efficient building retrofits (KfW Promotion Program 270), which can cover up to 100% of acquisition costs at a 2.3% interest rate. Thus, driving the Solar Backsheet market revenue.

Europe Solar Back sheet Market Segment Insights

Solar Backsheet Type Insights

The Europe Solar Backsheet market segmentation, based on Type, includes Fluoropolymer and Non-Fluoropolymer. The fluoropolymer segment dominated the market. The primary function of the backsheet laminate is to provide electrical insulation for solar modules while also safeguarding them against various environmental hazards such as UV radiation, moisture, extreme temperatures, particulate matter like sand, and corrosive gases like ammonia. These protective measures help prevent costly failures. A fluoropolymer back sheet typically consists of inner, middle, and outer layers fused to the solar panel's surface. The key materials utilized for the inner and outer layers are polyvinyl fluoride (PVF) and polyvinylidene fluoride (PVDF), respectively, while the intermediate layer comprises polyethylene terephthalate (PET or polyester). Fluoropolymers play a vital role in advancing the goals of the European Green Deal and finding extensive application across renewable energy systems, including photovoltaic panels and hydrogen fuel cells. Moreover, they are integral to energy storage technologies such as lithium-ion batteries and proton exchange membrane (PEM) fuel cells. Notably, both photovoltaic and wind energy capacities are experiencing significant growth.

Figure 1: Europe Solar Backsheet Market, by Type, 2023 & 2032 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Solar Backsheet Country Insights

With declining costs of solar PV modules and energy storage systems, coupled with reduced ancillary expenses during peak demand, the solar PV market is poised for growth in the future. This growth is anticipated to stimulate demand in the solar back sheet market in Germany. Under the 2023 Renewable Energy Sources Act, the German government has set an ambitious target of installing 215 GW of solar capacity by 2030, representing over a third of the EU's total installation target. Achieving this goal necessitates a significant acceleration in the annual expansion rate, reaching 22 GW by 2026, which is triple the rate observed in 2022 at 7.5 GW. In October 2022, Berlin, faced with challenges stemming from its reliance on Russian fuel and aiming to diminish dependency on Chinese technology, sought support from Brussels to revitalize its solar panel industry and bolster the bloc's energy security. Germany's total solar photovoltaic capacity stood at 66.5 GW in 2022, with expectations of further growth in the coming years, driven by the utilization of back sheets to cover the backs of solar PV modules, thus fueling expansion in the solar back sheet market.

Figure 2: Europe Solar Backsheet Market Share By Country 2023 & 2032 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe Solar Backsheet Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development to expand their product lines, which will help the Solar Backsheet market grow even more. Market participants are also undertaking a several strategic activities to increase their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the Solar Backsheet industry must offer cost-effective items.

Major players in the Solar Backsheet market are attempting to increase market demand by investing in research and development operations, including Coveme SpA, Isovoltaic AG, Arkema SA, DuPont de Nemours Inc., 3M Co., DUNMORE, Krempel GmbH, Madico Inc., Toyo Aluminium KK, and Targray Technology International Inc.

Key Companies in the Europe Solar Back sheet market include.

• Coveme SpA


• Isovoltaic AG


• Arkema SA


• DuPont de Nemours Inc.


• 3M Co


• DUNMORE


•  Madico Inc


• Toyo Aluminium KK


• Targray Technology International Inc

Europe Solar Backsheet Industry Developments

November 2023: Germany's Fraunhofer Center for Silicon Photovoltaics (Fraunhofer CSP) initiated the "Folie40" research project, aimed at exploring innovative encapsulation techniques and backsheet designs for photovoltaic (PV) modules with lifespans of at least 40 years. The project consortium includes German backsheet manufacturer Folienwerk Wolfen, Swiss module producer 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 funding from the European Union Innovation Fund to support the project. The European Union anticipates that this funding will not only catalyze additional investments in related endeavors but also stimulate a resurgence of high-tech solar manufacturing in Europe.

Europe Solar Back Sheet Market Segmentation

Solar Back sheet Type Outlook

• Fluoropolymer


• Non-Fluoropolymer

Solar Back sheet Regional Outlook

• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Sweden
  
  
  • Denmark
  
  
  • Luxembourg
  
  
  • Norway
  
  
  • Austria
  
  
  • Rest of Europe