PUBLISHER: Grand View Research | PRODUCT CODE: 1375984
PUBLISHER: Grand View Research | PRODUCT CODE: 1375984
U.S. Solar Films Market Size, Share & Trends Analysis Report By Type (Frontsheet, Backsheet), By Polymer Type (Fluoropolymer, Non-fluoropolymer), By Thickness, By Film Type, By Application, By End-use, And Segment Forecasts 2023 - 2030
U.S. Solar Films Market Growth & Trends:
The U.S. solar films market size is anticipated to reach USD 1,404.5 million by 2030, growing at a CAGR of 6.3% from 2023 to 2030, according to a new report by Grand View Research, Inc.. The U.S. market has increasing adoption of solar films across various industries and applications, including residential, commercial, and industrial sectors. This expansion is propelled by the growing awareness of renewable energy's significance in reducing carbon emissions and addressing climate change. In addition, favorable government incentives and policies, such as tax credits and rebates, continue to incentivize solar energy adoption, making solar films an attractive investment. Technological advancements in solar film materials and manufacturing processes have also improved efficiency and reduced costs, making them more accessible to a wider range of consumers. Furthermore, heightened environmental concerns, coupled with the desire to reduce energy costs and enhance energy security, are further propelling the adoption of solar films in the U.S. These factors collectively contribute to the robust and sustainable growth of the market.
Based on type, the encapsulation solar film segment was a highly penetrated segment accounting for over 65% of the U.S. market share in 2022, due to its critical role in safeguarding solar cells from environmental factors. Encapsulation films provide essential protection against moisture ingress and physical damage, ensuring the long-term durability and reliability of solar panels. As the solar industry continues to expand, the demand for high-quality encapsulation materials remains strong, underscoring their significant market presence.
Based on polymer type, the Fluoropolymer segment held over 64% revenue of the U.S. market in 2022, due to its exceptional durability and resistance to environmental stressors. Fluoropolymers, such as polyvinyl fluoride (PVF) and ethylene-tetrafluoroethylene (ETFE), are well-suited for the demanding outdoor environment of solar panels, withstanding prolonged exposure to factors like UV radiation, extreme temperatures, and moisture. This durability ensures the long lifespan and reliability of solar installations, making fluoropolymer-based solar films the preferred choice for maximizing energy generation and ensuring the sustained success of solar projects in the U.S.
Based on thickness, the less than 100 mm segment dominated the market in 2022 with a revenue share of over 45%, due to the practicality and versatility of thinner solar films. These films are lightweight, flexible, and easier to install and integrate into various applications, including building-integrated photovoltaics (BIPV). Their adaptability to different surfaces, such as windows, facades, and roofing materials, allows for seamless integration without compromising the aesthetics or functionality of structures. Thinner films are cost-effective and space-efficient, appealing to both residential and commercial solar projects, where maximizing energy generation and cost savings are paramount.
Clear (Non-reflective) was a highly penetrated film type segment due to its aesthetic appeal and suitability for various applications. Unlike reflective films, clear solar films are designed to maintain the appearance of architectural elements like windows, facades, and building surfaces while harnessing solar energy. This seamless integration into existing structures without altering their visual aesthetics makes clear solar films an attractive choice for building-integrated photovoltaic (BIPV) applications. In addition, they mitigate issues related to glare and light pollution, particularly in urban areas, contributing to their preference for regulatory compliance and community acceptance, further bolstering their dominance in the U.S. market.
U.S. Solar Films Market Report Highlights:
- Based on type, the encapsulation film segment held the largest revenue share of over 65% in 2022, due to its crucial role in protecting solar cells from environmental factors, ensuring the long-term durability and reliability of solar panels. Encapsulation films safeguard against moisture ingress and physical damage, making them an essential component in solar installations
- Based on polymer type, the fluoropolymer film segment held over 64% revenue share in 2022, due to the exceptional durability and resistance to environmental stressors offered by fluoropolymers, making them well-suited for the demanding outdoor environment of solar panels
- Based on thickness, the less than 100 mm segment held over 45% revenue share in 2022, due to the practicality and versatility of thinner solar films, which are lightweight, flexible, and cost-effective, making them a preferred choice for a wide range of solar applications
- Based on film type, the clear (Non-reflective) segment held over 30% revenue share in 2022, due to its ability to seamlessly integrate into architectural elements while minimizing glare and maintaining aesthetic appeal, making it an ideal choice for building-integrated photovoltaic (BIPV) applications and urban environments
- In terms of application, the construction industry segment held over 56% revenue share in 2022, and the segment growth is driven by the construction industry's growing focus on sustainability and energy efficiency. Solar films offer a versatile and cost-effective solution for energy generation and aesthetic enhancement, aligning with these industry priorities
- Based on end-use, the commercial segment held over 39% revenue share in 2022, and the segment growth is driven by the commercial sector's increasing emphasis on sustainability, energy efficiency, and long-term cost savings. Solar films offer a practical and eco-friendly solution for businesses to achieve these goals while generating clean, renewable energy
- In June 2023, First Solar launched the world's first advanced thin-film semiconductor bifacial solar panel, initiating a limited production run. This pioneering technology will be showcased at Intersolar Europe in Munich, Germany, through the pre-commercial Series 6 Plus Bifacial solar module.
Table of Contents
Chapter 1 Methodology and Scope
- 1.1 Market Segmentation & Scope
- 1.2 Market Definitions
- 1.3 Information Procurement
- 1.3.1 Information analysis
- 1.3.2 Market formulation & data visualization
- 1.3.3 Data validation & publishing
- 1.4 Research Scope and Assumptions
- 1.4.1 List of Data Sources
Chapter 2 Executive Summary
- 2.1 Market Snapshot 2022
- 2.2 Segment Snapshot
- 2.3 Competitive Landscape Snapshot
Chapter 3 U.S. Solar Films: Market Variables, Trends, & Scope
- 3.1 Market Lineage Outlook
- 3.1.1 North America Solar Films Market
- 3.2 Industry Value Chain Analysis
- 3.3 U.S. Solar Films Market Trends
- 3.4 Technology Trends
- 3.5 Regulatory Framework
- 3.5.1 Certification Required For The Installation Of Solar Film In the U.S.
- 3.6 Market Dynamics
- 3.6.1 Market Driver Impact Analysis
- 3.6.1.1 Technology Advancements in Solar Films
- 3.6.1.2 Presence of Federal and State Incentives and Tax Credits
- 3.6.1.3 Increased Adoption of Solar photovoltaic (PV) systems in Residential and Commercial applications
- 3.6.2 Market Restraint Impact Analysis
- 3.6.2.1 Limited Energy Storage Solutions
- 3.6.3 Industry Challenges
- 3.6.4 Industry opportunities
- 3.6.1 Market Driver Impact Analysis
- 3.7 Industry Analysis - Porter's
- 3.8 PESTEL Analysis
- 3.9 COVID-19 Impact
- 3.10 Eastern European Geopolitical Implications
- 3.11 List of Key Solar Film (Frontsheet and Backsheets) Manufacturers For Solar Panels
- 3.12 List of Potential Customers of Solar Films
- 3.13 List of companies building solar panel plants
- 3.14 Average Price Trend Analysis of U.S. Solar Films Market by Type, 2018 - 2030 (USD/sq. m)
- 3.15 List of common manufacturers of solar films that sell from Asia to the U.S.
- 3.16 Impact of Inflation Reduction Act (IRA) on U.S. Solar Films Market
Chapter 4 U.S. Solar Films Market: Type Estimates & Trend Analysis
- 4.1 Type Movement Analysis & Market Share, 2022 & 2030
- 4.2 Type Movement Analysis & Market Share, 2022 & 2030
- 4.3 U.S. Solar Films Market Estimates & Forecast, By Type (USD Million) (Million sq. m)
- 4.3.1 Frontsheets
- 4.3.2 Backsheets
- 4.3.3 Encapsulation
Chapter 5 U.S. Solar Films Market: Polymer Type Estimates & Trend Analysis
- 5.1 Polymer Type Movement Analysis & Market Share, 2022 & 2030
- 5.2 Polymer Type Movement Analysis & Market Share, 2022 & 2030
- 5.3 U.S. Solar Films Market Estimates & Forecast, By Polymer Type (USD Million) (Million sq. m)
- 5.3.1 Fluoropolymer
- 5.3.2 Non-fluoropolymer
Chapter 6 U.S. Solar Films Market: Thickness Estimates & Trend Analysis
- 6.1 Thickness Movement Analysis & Market Share, 2022 & 2030
- 6.2 Thickness Movement Analysis & Market Share, 2022 & 2030
- 6.3 U.S. Solar Films Market Estimates & Forecast, By Thickness (USD Million) (Million sq. m)
- 6.3.1 Less than 100 mm
- 6.3.2 100 mm to 500 mm
- 6.3.3 More than 500 mm
Chapter 7 U.S. Solar Films Market: Film Type Estimates & Trend Analysis
- 7.1 Film Type Movement Analysis & Market Share, 2022 & 2030
- 7.2 Film Type Movement Analysis & Market Share, 2022 & 2030
- 7.3 U.S. Solar Films Market Estimates & Forecast, By Film Type (USD Million) (Million sq. m)
- 7.3.1 Clear (Non-Reflective)
- 7.3.2 Dyed (Non-Reflective)
- 7.3.3 Vacuum Coated (Reflective)
- 7.3.4 High-performance Films
- 7.3.5 Others
Chapter 8 U.S. Solar Films Market: Application Estimates & Trend Analysis
- 8.1 Application Movement Analysis & Market Share, 2022 & 2030
- 8.2 Application Movement Analysis & Market Share, 2022 & 2030
- 8.3 U.S. Solar Films Market Estimates & Forecast, By Application (USD Million) (Million sq. m)
- 8.3.1 Construction
- 8.3.2 Automotive
- 8.3.3 Marine
- 8.3.4 Others
Chapter 9 U.S. Solar Films Market: End-use Estimates & Trend Analysis
- 9.1 End-use Movement Analysis & Market Share, 2022 & 2030
- 9.2 End-use Movement Analysis & Market Share, 2022 & 2030
- 9.3 U.S. Solar Films Market Estimates & Forecast, By End-use (USD Million) (Million sq. m)
- 9.3.1 Utility
- 9.3.2 Residential
- 9.3.3 Commercial
- 9.3.4 Industrial
- 9.3.5 Military
Chapter 10 U.S. Solar Films Market: Competitive Landscape
- 10.1 Recent Developments & Their Impact Analysis, by Key Market Participants
- 10.2 Company Categorization
- 10.3 Participant's Overview
- 10.4 Financial Performance
- 10.5 Product Benchmarking
- 10.6 Company Market Positioning
- 10.7 Company Market Share Analysis, 2022
- 10.8 Company Heat Map Analysis
- 10.9 Strategy Mapping
- 10.9.1 Expansions
- 10.9.2 Mergers & acquisitions
- 10.9.3 Collaborations
- 10.9.4 New product launches
- 10.9.5 Others
- 10.10 Company Profiles
- 10.10.1 3M
- 10.10.2 Agfa-Gevaert N.V.
- 10.10.3 COVEME s.p.a.
- 10.10.4 Cybrid Technologies Inc.
- 10.10.5 DUNMORE
- 10.10.6 Dupont
- 10.10.7 Eastman Chemical Company
- 10.10.8 Garware Suncontrol Film
- 10.10.9 Honeywell International Inc.
- 10.10.10 Johnson Window Films Inc.
- 10.10.11 Jolywood
- 10.10.12 Krempel GmbH
- 10.10.13 Lintec Corporation
- 10.10.14 Madico, Inc.
- 10.10.15 Mitsubishi Polyester Films
- 10.10.16 Polytronix Inc
- 10.10.17 Purlfrost Ltd
- 10.10.18 Saint Gobain
- 10.10.19 Solar Control Films Inc.
- 10.10.20 Targray
- 10.10.21 Thermolite, LLC
- 10.10.22 Toray Industries, Inc.
- 10.10.23 Airtech Advanced Materials Group
- 10.10.24 HEXIS S.A.S.
Chapter 11 Pipeline by Grand View Research
List of Tables
- Table 1 U.S. Solar Films Market Estimates and Forecast, By Type, 2018 - 2030 (USD Million)
- Table 2 U.S. Solar Films Market Estimates and Forecast, By Type, 2018 - 2030 (Million sq. m)
- Table 3 U.S. Solar Films Market Estimates and Forecast, By Polymer Type, 2018 - 2030 (USD Million)
- Table 4 U.S. Solar Films Market Estimates and Forecast, By Polymer Type, 2018 - 2030 (Million sq. m)
- Table 5 U.S. Solar Films Market Estimates and Forecast, By Thickness, 2018 - 2030 (USD Million)
- Table 6 U.S. Solar Films Market Estimates and Forecast, By Thickness, 2018 - 2030 (Million sq. m)
- Table 7 U.S. Solar Films Market Estimates and Forecast, By Film Type, 2018 - 2030 (USD Million)
- Table 8 U.S. Solar Films Market Estimates and Forecast, By Film Type, 2018 - 2030 (Million sq. m)
- Table 9 U.S. Solar Films Market Estimates and Forecast, By Application, 2018 - 2030 (USD Million)
- Table 10 U.S. Solar Films Market Estimates and Forecast, By Application, 2018 - 2030 (Million sq. m)
- Table 11 U.S. Solar Films Market Estimates and Forecast, By End-use, 2018 - 2030 (USD Million)
- Table 12 U.S. Solar Films Market Estimates and Forecast, By End-use, 2018 - 2030 (Million sq. m)
- Table 13 Recent Developments & Their Impact Analysis, by Key Market Participants
- Table 14 Company Market Share, 2022
- Table 15 Company Heat Map Analysis
- Table 16 Key companies undergoing expansions
- Table 17 Key companies involved in mergers & acquisitions
- Table 18 Key companies involved in collaborations
- Table 19 Key companies carrying out new facility/product launches
- Table 20 Key companies undertaking others
List of Figures
- Fig. 1 U.S. Solar Films Market Segmentation
- Fig. 2 Information Procurement
- Fig. 3 Data Analysis Models
- Fig. 4 Market Formulation and Validation
- Fig. 5 Data Validating & Publishing
- Fig. 6 Market Snapshot 2022
- Fig. 7 Segment Snapshot(1/3)
- Fig. 8 Segment Snapshot(2/3)
- Fig. 9 Segment Snapshot(3/3)
- Fig. 10 Competitive Landscape Snapshot
- Fig. 11 North America Solar Films Market Value, 2022 (USD Million)
- Fig. 12 U.S. Solar Films Market - Industry Value Chain Analysis
- Fig. 13 U.S. Solar Films - Market Dynamics
- Fig. 14 U.S. Solar PV Market in Residential Application
- Fig. 15 U.S. Solar PV Market in Commercial Application
- Fig. 16 U.S. Solar Films Market: PORTER's Analysis
- Fig. 17 U.S. Solar Films Market: PESTEL Analysis
- Fig. 18 Average Unit price of U.S. Solar Films, by Type
- Fig. 19 U.S. Solar Films Market, by Type: Key Takeaways
- Fig. 20 U.S. Solar Films Market, by Type: Market Share, 2022 & 2030
- Fig. 21 U.S. Solar Films Market, by Type: Market Share, 2022 & 2030
- Fig. 22 U.S. Solar Films Market Estimates & Forecasts, by Frontsheets, 2018 - 2030 (USD Million) (Million sq. m)
- Fig. 23 U.S. Solar Films Market estimates & forecasts, by Backsheets, 2018 - 2030 (USD Million) (Million sq. m)
- Fig. 24 U.S. Solar Films Market estimates & forecasts, by Encapsulation, 2018 - 2030 (USD Million) (Million sq. m)
- Fig. 25 U.S. Solar Films Market, by Polymer Type: Key Takeaways
- Fig. 26 U.S. Solar Films Market, by Polymer Type: Market Share, 2022 & 2030
- Fig. 27 U.S. Solar Films Market, by Polymer Type: Market Share, 2022 & 2030
- Fig. 28 U.S. Solar Films Market Estimates & Forecasts, by Fluoropolymer, 2018 - 2030 (USD Million) (Million sq. m)
- Fig. 29 U.S. Solar Films Market estimates & forecasts, by Non-fluoropolymer, 2018 - 2030 (USD Million) (Million sq. m)
- Fig. 30 U.S. Solar Films Market, by Thickness: Key Takeaways
- Fig. 31 U.S. Solar Films Market, by Thickness: Market Share, 2022 & 2030
- Fig. 32 U.S. Solar Films Market, by Thickness: Market Share, 2022 & 2030
- Fig. 33 U.S. Solar Films Market Estimates & Forecasts, by Less than 100 mm, 2018 - 2030 (USD Million) (Million sq. m)
- Fig. 34 U.S. Solar Films Market estimates & forecasts, by 100 mm to 500 mm, 2018 - 2030 (USD Million) (Million sq. m)
- Fig. 35 U.S. Solar Films Market estimates & forecasts, by More than 500 mm, 2018 - 2030 (USD Million) (Million sq. m)
- Fig. 36 U.S. Solar Films Market, by Film Type: Key Takeaways
- Fig. 37 U.S. Solar Films Market, by Film Type: Market Share, 2022 & 2030
- Fig. 38 U.S. Solar Films Market, by Film Type: Market Share, 2022 & 2030
- Fig. 39 U.S. Solar Films Market Estimates & Forecasts, by Clear (Non-reflective), 2018 - 2030 (USD Million) (Million sq. m)
- Fig. 40 U.S. Solar Films Market estimates & forecasts, by Dyed (Non-Reflective), 2018 - 2030 (USD Million) (Million sq. m)
- Fig. 41 U.S. Solar Films Market estimates & forecasts, by Vacuum Coated (Reflective), 2018 - 2030 (USD Million) (Million sq. m)
- Fig. 42 U.S. Solar Films Market estimates & forecasts, by High-performance Films, 2018 - 2030 (USD Million) (Million sq. m)
- Fig. 43 U.S. Solar Films Market estimates & forecasts, by Others, 2018 - 2030 (USD Million) (Million sq. m)
- Fig. 44 U.S. Solar Films Market, by Application: Key Takeaways
- Fig. 45 U.S. Solar Films Market, by Application: Market Share, 2022 & 2030
- Fig. 46 U.S. Solar Films Market, by Application: Market Share, 2022 & 2030
- Fig. 47 U.S. Solar Films Market Estimates & Forecasts, by Construction, 2018 - 2030 (USD Million) (Million sq. m)
- Fig. 48 U.S. Solar Films Market estimates & forecasts, by Automotive, 2018 - 2030 (USD Million) (Million sq. m)
- Fig. 49 U.S. Solar Films Market estimates & forecasts, by Marine, 2018 - 2030 (USD Million) (Million sq. m)
- Fig. 50 U.S. Solar Films Market estimates & forecasts, by Others, 2018 - 2030 (USD Million) (Million sq. m)
- Fig. 51 U.S. Solar Films Market, by End-use: Key Takeaways
- Fig. 52 U.S. Solar Films Market, by End-use: Market Share, 2022 & 2030
- Fig. 53 U.S. Solar Films Market, by End-use: Market Share, 2022 & 2030
- Fig. 54 U.S. Solar Films Market Estimates & Forecasts, by Utility, 2018 - 2030 (USD Million) (Million sq. m)
- Fig. 55 U.S. Solar Films Market estimates & forecasts, by Residential, 2018 - 2030 (USD Million) (Million sq. m)
- Fig. 56 U.S. Solar Films Market estimates & forecasts, by Commercial, 2018 - 2030 (USD Million) (Million sq. m)
- Fig. 57 U.S. Solar Films Market estimates & forecasts, by Industrial, 2018 - 2030 (USD Million) (Million sq. m)
- Fig. 58 U.S. Solar Films Market estimates & forecasts, by Military, 2018 - 2030 (USD Million) (Million sq. m)
- Fig. 59 Key Company Categorization
- Fig. 60 Company Market Positioning
- Fig. 61 Company Market Share Analysis, 2022
- Fig. 62 Strategic Framework
