PV materials market to hit $27.2 billion by 2018


Just days after releasing its forecast on the return of balanace between supply and demand in the global PV market, the Boston-based analysts Lux Research on Tuesday released its latest report on the future of the PV materials market, forecasting a rebound in 2018.

In comparison with 2012, the materials market will grow from $17.8 billion to $27.2 billion in the next five years, witih metals, including polysilicon and metallic absorber materials, contributing some $12.8 billion of that sum. Polysilicon alone will account for a $6 billion market share due to the global demand of silicon modules.

"Differentiated materials that enable high cell or module efficiencies or longer lifetime will be able to earn a premium and cash in on the growing demand," said Fatima Toor, Lux Research analyst.

Toor added that the push towards improved quality would lead to materials innovations that would drive down the price per watt as well as the price per kilowatt hour.

Popular content

In the next few years, materials for silicon module production will boom, reaching $23.8 billion in 2018. Materials such as backsheets, non-EVA encapsulants, metallization pastes and antireflection coatings will offer significant opportunities to material innovations.

As the solar industry tends to prioritize low price per kilowatt hour on top of low price per hour, effective planning and implementation for module quality improvement is also creating opportunities for materials developers.

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.


Related content

Elsewhere on pv magazine...

Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.

Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.

You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.

Further information on data privacy can be found in our Data Protection Policy.