Solar Backsheet Market

Market Definition

A solar backsheet is a critical component of a photovoltaic (PV) solar panel. It is the outermost layer on the back of the panel, designed to protect and insulate the internal components from environmental stressors like moisture, UV radiation, and mechanical damage.

The market focuses on the production of these protective layers for solar panels. The report explores key drivers of market development, offering detailed regional analysis and a comprehensive overview of the competitive landscape shaping future opportunities.

Solar Backsheet Market Overview

Global solar backsheet market size was valued at USD 3.11 billion in 2024, which is estimated to be USD 3.26 billion in 2025 and reach USD 4.64 billion by 2032, growing at a CAGR of 5.17% from 2025 to 2032. 

The global increase in solar installations worldwide has boosted demand for durable, high-quality backsheets. As solar capacity expands across residential, commercial, and utility sectors, the need for protective, long-lasting backsheets to ensure module reliability and efficiency continues to grow.

Major companies operating in the solar backsheet industry are Cybrid Technologies Inc., Jolywood, COVEME s.p.a. , Krempel GmbH, HANGZHOU FIRST APPLIED MATERIAL CO.,LTD., Vishakha Renewables Pvt. Ltd., Targray Technology International Inc., RenewSys Pvt. Ltd., DUNMORE, DuPont, Knack Energy Pvt. Ltd., Brij Encapsulants, Neoflex Industries LLP, Endurans Solar, and Brückner Maschinenbau GmbH.

The market is integral to the growth of solar energy, providing essential protection and insulation for photovoltaic modules. As solar installations expand globally, the demand for durable, weather-resistant, and cost-effective backsheets is rising. Technological advancements are fueling the development of multi-layered backsheets with improved UV resistance, thermal stability, and environmental performance. 

The market is also witnessing a shift toward sustainable and recyclable materials, aligning with broader green energy goals. This growth reflects the broader expansion of the solar power sector worldwide.

• In February 2025, the Ministry of New and Renewable Energy announced that India surpassed 100 GW of installed solar capacity, a 3450% rise since 2014, underscoring its leadership in renewables and progress toward the 2030 target of 500 GW.

Key Highlights:

1. The solar backsheet industry size was recorded at USD 3.11 billion in 2024.
2. The market is projected to grow at a CAGR of 5.17% from 2025 to 2032.
3. Asia Pacific held a market share of 45.09% in 2024, with a valuation of USD 1.40 billion.
4. The ground-mounted segment garnered USD 1.40 billion in revenue in 2024.
5. The fluoropolymer segment is expected to reach USD 2.72 billion by 2032.
6. The less than 100μm segment held a market share of 49.60% in 2024.
7. The industrial segment is forecasted to grow at a CAGR of 6.37% over the forecast period.
8. Middle East & Africa is anticipated to grow at a CAGR of 6.02% through the forecast period.

Market Driver

Rising Solar Installations

The rapid global increase in solar PV installations is fostering the growth of the solar backsheet market. With governments, industries, and households adopting solar energy to reduce carbon emissions and energy costs, the demand for high-quality, certified panels is rising. 

Certification systems and efficiency ratings worldwide enhance consumer confidence, leading to increased adoption of premium panels. This trend is increasing the demand for advanced backsheets, fueling innovation and growth in the backsheet manufacturing segment to support evolving solar technologies.

• In December 2024, RenewSys became India’s first solar company to receive a 5-star Bureau of Energy Efficiency (BEE) rating for its 650 Wp TOPCon panel, setting a new benchmark for efficiency and quality. It was also the first in India to introduce bifacial PV modules, high-efficiency N-type TOPCon cells, the country’s only patented backsheet, POE, and an in-house reliability testing lab.

Market Challenge

Material Degradation

Material degradation poses a significant challenge to the expansion of the solar backsheet market, as prolonged exposure to UV radiation, moisture, and extreme temperatures can lead to cracking, yellowing, or delamination, shortening the lifespan of solar panels. 

To address this, manufacturers are developing advanced backsheets using UV-resistant coatings, improved polymer blends, and natural fibre composites with enhanced durability. These innovations help maintain structural integrity and performance over time, ensuring longer-lasting, more reliable solar panels that withstand harsh environmental conditions.

Market Trend

Shift Toward Eco-Friendly Materials

A prominent trend in the solar backsheet market is the growing shift toward eco-friendly materials. Increasing environmental awareness and regulatory pressure have prompted manufacturers to explore sustainable alternatives to traditional petroleum-based PET backsheets. 

Natural fibre composites, such as sisal, are gaining traction due to their biodegradability, lower carbon footprint, and reduced energy consumption during production. These materials minimize environmental impact and enhance the overall sustainability of solar panels, aligning with global efforts to promote green technologies and circular economy principles in the renewable energy sector.

• In Aug 2024, researchers from SRM Institute (India), Escuela Superior Politécnica de Chimborazo (Ecuador), and Kampala International University (Uganda) explored natural fibre composites as eco-friendly alternatives to conventional PET backsheets in solar panels. Their study showed that sisal fibre sheets, coated with zeolite-polyester resin, improved efficiency, power output, and durability while significantly reducing CO2 emissions and energy consumption, highlighting their potential in advancing eco-friendly solar technology.

Solar Backsheet Market Report Snapshot

Segmentation	Details
By Installation Type	Ground-Mounted, Roof-Mounted, Floating Power Plant
By Type	Fluoropolymer, Non-Fluoropolymer
By Thickness Range	Less than 100μm, 100–500μm, Greater than 500μm
By Application	Utility, Industrial, Residential
By Region	North America: U.S., Canada, Mexico
	Europe: France, UK, Spain, Germany, Italy, Russia, Rest of Europe
	Asia-Pacific: China, Japan, India, Australia, ASEAN, South Korea, Rest of Asia-Pacific
	Middle East & Africa: Turkey, U.A.E., Saudi Arabia, South Africa, Rest of Middle East & Africa
	South America: Brazil, Argentina, Rest of South America

Market Segmentation

• By Installation Type (Ground-Mounted, Roof-Mounted, and Floating Power Plant): The ground-mounted segment earned USD 1.40 billion in 2024, due to increased utility-scale solar installations requiring durable backsheets to withstand harsh environmental conditions and ensure long-term module performance.
• By Type (Fluoropolymer and Non-Fluoropolymer): The fluoropolymer segment held a share of 60.20% in 2024, propelled by its superior resistance to UV exposure, moisture, and thermal degradation, ensuring enhanced panel reliability and lifespan.
• By Thickness Range (Less than 100μm, 100–500μm, and Greater than 500μm): The less than 100μm segment is projected to reach USD 2.10 billion by 2032, owing to the demand for lightweight and cost-effective backsheets in high-efficiency and compact solar modules.
• By Application (Utility, Industrial, and Residential): The residential segment is anticipated to grow at a CAGR of 6.59% during the forecast period, propelled by the growing adoption of rooftop solar, where flexible, aesthetic, and durable backsheets are increasingly preferred.

Solar Backsheet Market Regional Analysis

Based on region, the market has been classified into North America, Europe, Asia Pacific, Middle East & Africa, and South America.

The Asia-Pacific solar backsheet market share stood at around 45.09% in 2024, valued at USD 1.40 billion. This dominance is reinforced by rapid solar capacity expansion, favorable government policies, and strong manufacturing capabilities. Countries such as China, India, and Japan are leading solar adoption through large-scale installations and domestic module production. 

The regional market benefits from low-cost labor, abundant raw materials, and a robust supply chain. Additionally, ongoing investments in renewable infrastructure and the presence of key backsheet manufacturers further strengthen Asia-Pacific’s position as a major region for solar backsheet production and consumption.

Middle East & Africa solar backsheet industry is poised estimated to grow at a robust CAGR of 6.02% over the forecast period. This growth is bolstered by rising investments in renewable energy, growing electricity demand, and increasing solar project developments. 

Governments across the region are focusing on energy diversification and sustainability, creating a favorable environment for solar technology adoption. Improved regulatory frameworks, enhanced funding mechanisms, and the availability of vast solar resources are further accelerating regional market growth.

• In January 2025, Masdar and Emirates Water and Electricity Company (EWEC) launched the world’s first gigascale solar-plus-storage project in Abu Dhabi. This advancement in high-efficiency, round-the-clock solar generation creates demand for durable, high-performance backsheets, reinforcing their critical role in supporting large-scale, next-gen solar infrastructure aligned with the UAE’s Net Zero 2050 ambitions.

 Regulatory Frameworks

• In the U.S., solar manufacturers can benefit from two federal tax credits: the 45X MPTC, for domestic clean energy component production, and the 48C ITC, for investing in clean energy manufacturing facilities.
• In the EU, the Renewable Energy Directive establishes renewable energy targets, promoting cooperation among member states and emphasizing energy storage systems, including solar, wind, and battery storage, to aid energy transitions.
• In India, the Ministry of New and Renewable Energy (MNRE) is the primary regulatory body for solar energy development. They are responsible for promoting and regulating the development of renewable energy sources.

Competitive Landscape

Companies operating in the solar backsheet industry are increasingly focusing on enhancing durability, sustainability, and energy efficiency by investing in advanced materials and manufacturing technologies. They are prioritizing R&D to develop backsheets that offer better UV resistance, thermal stability, and mechanical strength, while also exploring eco-friendly and recyclable alternatives. 

Strategic collaborations, capacity expansions, and technology integrations are also being adopted to meet growing global demand. These efforts aim to ensure long-term performance, reduce carbon footprint, and align with evolving industry standards and environmental regulations.

• In February 2024, Navitas Solar unveiled its next-gen N-type TOPCon modules at Intersolar India. Featuring >22% efficiency, bifaciality, and transparent backsheets, these advanced panels boost durability and power output, driving demand for high-performance backsheet materials critical to sustaining long-term efficiency in next-generation solar technologies under extreme weather and operational conditions.

List of Key Companies in Solar Backsheet Market:

• Cybrid Technologies Inc.
• Jolywood
• COVEME s.p.a.
• Krempel GmbH
• HANGZHOU FIRST APPLIED MATERIAL CO.,LTD.
• Vishakha Renewables Pvt. Ltd.
• Targray Technology International Inc.
• RenewSys Pvt. Ltd.
• DUNMORE
• DuPont
• Knack Energy Pvt. Ltd.
• Brij Encapsulants
• Neoflex Industries LLP
• Endurans Solar
• Brückner Maschinenbau GmbH

Recent Developments (Investment)

• In February 2023, Endurans Solar secured a growth equity investment from Riverbend Energy Group to scale its solar backsheet manufacturing. This investment supports expansion, innovation, and commercialization efforts, strengthening Endurans’ position in delivering sustainable, high-performance backsheets to meet growing global solar energy demands.