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    Asia Pacific Solar Backsheet Market

    ID: MRFR/E&P/20037-HCR
    128 Pages
    Anshula Mandaokar
    October 2025

    Asia Pacific Solar Backsheet Market Research Report Information By Type (Fluoropolymer and Non-fluoropolymer) – Asia Pacific Market Forecast Till 2035

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    Asia Pacific Solar Backsheet Market Infographic
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    Asia Pacific Solar Backsheet Market Summary

    The Asia-Pacific Solar Backsheet market is projected to grow from 0.82 USD Billion in 2024 to 2.38 USD Billion by 2035, indicating a robust growth trajectory.

    Key Market Trends & Highlights

    Asia Pacific Solar Backsheet Key Trends and Highlights

    • The market is expected to experience a compound annual growth rate (CAGR) of 9.24% from 2025 to 2035.
    • By 2035, the Asia-Pacific Solar Backsheet market is anticipated to reach a valuation of 1.95 USD Billion.
    • In 2024, the market valuation stands at 0.74 USD Billion, highlighting the increasing investment in solar technologies.
    • Growing adoption of solar energy solutions due to rising environmental concerns is a major market driver.

    Market Size & Forecast

    2024 Market Size 0.82 (USD Billion)
    2035 Market Size 2.38 (USD Billion)
    CAGR (2025-2035) 10.20%

    Major Players

    Toyo Aluminium KK, Taiflex Scientific Co. Ltd, Hangzhou First Applied Material Co. Ltd, Toray Industries Inc., ZTT International Limited, DuPont de Nemours Inc., Arkema SA, 3M Co., Hanwha Group, Brij Encapsulants

    Asia Pacific Solar Backsheet Market Trends

    The increasing prevalence of awareness of renewable energy and favorable government policies for the adoption of renewable technologies are driving the market growth.

    The surge in global solar panel installations has created significant growth prospects for the Solar Backsheet Market. With the increasing demand for clean and sustainable energy solutions, various entities, including governments, businesses, and individuals, are increasingly investing in solar projects. Solar backsheets, a crucial component in solar panel manufacturing, play a vital role in safeguarding solar cells from environmental elements. According to the British Petroleum Statistical Review of World Energy 2021, the Asia-Pacific region leads in solar power generation, with China being a major contributor with around 175 GW of solar PV installations.

    In Japan, the government announced plans to transition from a Feed-in-Tariff (FiT) to a Feed-in-Premium (FiP) program starting in April 2022. This initiative enables renewable energy generators to sell electricity in the spot market at a premium to wholesale prices. The launch of the first FiP by the Japanese Ministry of Economy and Trade Industry resulted in the allocation of 128.94 MW capacity among five bidders, with X-Elio securing 15 MW solar PV capacity in Japan's inaugural feed-in premium (FiP) auction in August 2022.

    Meanwhile, the Thai government is actively promoting renewable energy installations nationwide to achieve a reduction of greenhouse gas emissions by 20-25% within seven years. Various incentives and regulatory support from the government have further bolstered the solar power market in Thailand. Thus, driving the Solar Backsheet market revenue.

    Market Segment Insights

    Solar Backsheet Type Insights

    The Asia Pacific Solar Backsheet market segmentation, based on Type, includes Fluoropolymer and Non-fluoropolymer. The fluoropolymer segment dominated the market. The fluoropolymer solar backsheet comprises three layers: inner, middle, and outer, which are affixed to the outermost layer of a solar panel. The inner and outer layers of the solar backsheet primarily consist of polyvinyl fluoride (PVF) or polyvinylidene fluoride (PVDF), while the middle layer is composed of polyethylene terephthalate (PET or polyester). In 2021, fluoropolymer backsheets held the majority market share.

    Their higher cost compared to non-fluoropolymer backsheets is justified by additional safety features, such as proven hydrolytic stability and excellent resistance to weathering effects, attributed to the PVF or PVDF layer. South Korea has pledged to increase the proportion of renewable energy sources in its electricity supply, gradually phasing out coal and nuclear power from the energy mix. In December 2020, the country introduced its Ninth Basic Plan for Long-Term Electricity Demand and Supply 2020-2034, aiming to elevate the share of renewable energy in the energy mix from 15.1% in 2020 to 42% by 2034.

    Solar PV is anticipated to play a pivotal role in reducing reliance on fuel imports for thermal power generation, thereby bolstering the solar energy market in the upcoming years and driving increased demand for fluoropolymer backsheets.

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

    Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

    Solar Backsheet Country Insights

    China, estimated to be the predominant country in the region, boasted approximately 307 GW of solar PV installations in 2021. Projections indicate a doubling of its installation capacity by 2025, potentially catalyzing growth in the backsheet market during the forecast period. Additionally, as the world's second-largest economy, China is actively promoting the adoption of solar PV generation among residential and commercial users. In August 2021, the National Energy Administration (NEA) greenlit a pilot program aimed at accelerating the deployment of rooftop solar PV installations across the country.

    Consequently, by 2023, existing residential and commercial buildings will be mandated to integrate rooftop solar PV systems, further stimulating market expansion. Furthermore, the cost of solar PV installations in the residential and commercial sectors has witnessed a notable decline over the past decade. For instance, data from the International Renewable Energy Agency (IRENA) indicates that in 2020, the cost of residential and commercial solar PV installations in China stood at USD 746 per kW and USD 691 per kW, respectively, down from USD 2,856 per kW and USD 2,524 per kW in 2012.

    The national government's target of doubling renewable generation by 2025 from 2020 levels, coupled with provincial targets and project pipeline dynamics, suggests a rapid pace of deployment. Provincial targets for wind and solar power add up to 1,263 GW by 2025, potentially enabling China to achieve its 2030 Nationally Determined Contribution (NDC) target five years ahead of schedule.

    Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

    Get more detailed insights about Asia Pacific Solar Backsheet Market Research Report—Forecast till 2032

    Key Players and Competitive Insights

    Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Solar Backsheet market grow even more. Market participants are also undertaking a variety of strategic activities to expand 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 Toyo Aluminium KK, Taiflex Scientific Co. Ltd, Hangzhou First Applied Material Co. Ltd, Toray Industries Inc., ZTT International Limited, DuPont de Nemours Inc., Arkema SA, 3M Co., Hanwha Group, Brij Encapsulants, and others.

    Key Companies in the Asia Pacific Solar Backsheet Market market include

    Industry Developments

    September 2022: Sharp, a Japanese company, introduced an updated version of its NU-JC410 solar panel, featuring a half-cut monocrystalline PERC design with a 21% efficiency rating and a power output of 410 W. The lightweight NU-JC410B module is equipped with a white backsheet and a black frame, making it suitable for both short and long-frame side clamping. It is well-suited for residential, small-scale commercial, and industrial rooftop installations.

    September 2022: the Indian government approved the second tranche of the performance-linked incentive (PLI) scheme aimed at bolstering the manufacturing of solar photovoltaic (PV) modules within the country. This initiative is anticipated to attract direct investments totaling approximately USD 11.35 billion and foster manufacturing capacity for various materials, including EVA, solar glass, and backsheets, among others.

    In November 2024, AIKO Solar, a Chinese PV manufacturer, signed a memorandum with the Australian Centre for Advanced Photovoltaics (ACAP). This R & D program worth $4 million seeks to achieve interdigitated back contact (IBC) silicon solar cell efficiency of greater than 30% using advanced photon multiplication technology. Such collaborations form part of the ACAP mandate to advance solar technology within the Australian solar industry.

    In October 2024, Jinko Solar Energy Storage Solutions (ESS) entered and executed a contract in Queensland, Australia, for the deployment of 22 SunGiga 215 kWh All-in-One Energy Storage Systems at different locations. This development further highlights Jinko's expansion into the Asia Pacific market as the company continues to scale its renewable energy offerings.

    Also, in October 2024, Tongwei, a China solar PV manufacturer, entered into a distribution contract with Australia’s Blue Sun Group for the provision of 1 GW of high-efficiency solar modules for a period of five years. This consolidation develops Tongwei’s position in the Australian market after their earlier business relationships with Blue Sun.

    In September 2022, the government of India sanctioned the second tranche in the performance-linked incentive (PLI) scheme for boosting the domestically produced solar photovoltaic (PV) modules. It is anticipated that direct investment worth about USD 11.35 billion will be made through this scheme in addition to creating a manufacturing capacity for materials like EVA, glass for solar panels, backsheet etc. In the words of the government, with the second tranche of the PLI scheme, the manufacturing of 65 GW of solar PV modules, fully integrated as well as partially integrated, is expected to take place in the country.

    In September 2022, Sharp, a Japan-based company, announced the launch of a new version of the NU-JC410 solar panel, which is a half-cut monocrystalline PERC type with 21% efficiency and a power output of 410 W power rating. The NU-JC410B lightweight module features a white backsheet and a black frame. It is suitable for side clamps for short and long frames and is ideal for residential, small and medium commercial and industrial rooftop systems

    Market Segmentation

    Solar Backsheet Type Outlook

    • Fluoropolymer
    • Non-fluoropolymer

    Solar Backsheet Regional Outlook

    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Indonesia
    • Thailand
    • Vietnam
    • Malaysia
    • Singapore
    • Rest of Asia-Pacific

    Report Scope

    Report Attribute/Metric Details
    Market Size 2035 2.38 (Value (USD Billion))
    Compound Annual Growth Rate (CAGR) 10.20% (2025 - 2035)
    Base Year 2024
    Market Forecast Period 2025 - 2035
    Historical Data 2019- 2022
    Market Forecast Units Value (USD Billion)
    Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
    Segments Covered Type and Region
    Region Covered Asia Pacific
    Countries Covered China, Japan, India, Australia, South Korea, Indonesia, Thailand, Vietnam, Malaysia, Singapore, and Rest of Asia-Pacific
    Key Companies Profiled Toyo Aluminium KK, Taiflex Scientific Co. Ltd, Hangzhou First Applied Material Co. Ltd, Toray Industries Inc., ZTT International Limited, DuPont de Nemours Inc., Arkema SA, 3M Co., Hanwha Group, Brij Encapsulants
    Key Market Opportunities The provision of government incentives and tax rebates on the installation of solar panels
    Key Market Dynamics The increasing prevalence of awareness of renewable energy ·       The increasing demand for clean energy and cost-effective alternative 
    Market Size 2024 0.82 (Value (USD Billion))
    Market Size 2025 0.90 (Value (USD Billion))

    FAQs

    How much is the Solar Backsheet market?

    The Asia Pacific Solar Backsheet market size was valued at USD 0.67 Billion in 2023.

    What is the growth rate of the Solar Backsheet market?

    The market is projected to grow at a CAGR of 10.20% during the forecast period, 2024-2032.

    Who are the key players in the Solar Backsheet market?

    The key players in the market are Toyo Aluminium KK, Taiflex Scientific Co. Ltd, Hangzhou First Applied Material Co. Ltd, Toray Industries Inc., ZTT International Limited, DuPont de Nemours Inc., Arkema SA, 3M Co., Hanwha Group, Brij Encapsulants, and others.

    Which Type led the Solar Backsheet market?

    The Fluoropolymer category dominated the market in 2023.

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