Solar

Analyst: PV materials seeing 27% growth in 2010

Advanced chemicals and materials used to make PV solar cells and modules continue to establish a foothold, poised to grow to about $14B by 2015, according to an industry analyst.

February 25, 2010 – Advanced chemicals and materials used to make PV solar cells and modules continue to establish a foothold, poised to grow to about $14B by 2015, according to an industry analyst.

The market for PV chemicals and materials declined slightly to around $2.44B in 2009, and should grow 27% to $3.1B in 2010, and step along to a $14B tally within the next six years, forecasts Linx Consulting. Driving this growth will be end-market demand for solar power, expected to push from 5.8GW to 38GW during the same timeframe.

The group’s new projections are a little more conservative than the group’s outlook a year ago, especially in the final years of the outlook — about $1B difference by the end of the forecast period. In April 2009 the company projected a decline to $2.3B in chemicals and materials used to make PV solar cells and modules, but pegged the market would grow to $15B by 2015.

The full report, Chemicals & Materials for Photovoltaic Cells and Modules 2010, offers detailed perspectives into chemicals needs for individual cell and module types for crystalline silicon (c-Si), amorphous silicon (a-Si), tandem-junction, CdTe, and CIGS/CIS cells and modules, as well as the emergence and impact of critical technologies around texturization and cleaning, metallization, selective emitters, backsheets, frontsheets, and encapsulants. It also includes perspectives on the levelized cost of energy (LCOE) as a function of module performance, including geographic considerations such as local incentives and irradiance.

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Total PV materials market. (Source: Linx-AEI Consulting)