Rapid Growth Projected for Chemicals and Materials in Solar Cells/Modules

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Rapid Growth Projected for Chemicals and Materials in Solar Cells/Modules

By Mike Corbett, Managing Partner, Linx Consulting, LLC (May 26, 2009)

The market for advanced chemicals and materials used in PV solar cells and modules will decline in 2009 to $2.3 billion before resuming strong growth to approximately $15 billion by 2015.

PV Cell and Module Chemical and Material Demand

US$ millions

Overall, the value of the chemicals and materials, excluding polysilicon, is expected to grow at a compound annual growth rate of 34% over this forecast period. Thin film consumables, including gases and encapsulants will grow at the highest rates, above 50% CAGR, whereas more commoditized materials used in silicon wafering and crystalline silicon cells will have compounded growth rates of around 20% per annum.

The driver of growth in the PV market will be the global end market demand for solar power, which is expected to grow from 5.7 GW to 36 GW over the same time period. Linx-AEI sees continued success for crystalline silicon cells. However, Linx-AEI is projecting higher compound annual growth rates for thin film solar technologies in general. This is due to the fact that the multiple thin film technologies, including a-Si, tandem cell, CdTe and CI(G)S each has unique attributes which make it suitable for different applications in differing regions.

The new report, Chemicals & Materials for Photovoltaic Cells and Modules, 2009, outlines market opportunities available to chemicals and materials suppliers as a result of strong volume growth in addition to technology-driven opportunities to deliver progress towards lower cost. It examines emerging materials requirements in solar cell and module production, and quantifies the global markets for advanced chemicals and materials. The report covers polysilicon and wafering, process chemicals, conductive pastes and inks as well as metallization materials, specialty gases and dopants, functional polymers including encapsulants and backsheets, and glass substrates. In order to forecast chemicals and materials demand, the report also provides solar demand by cell type, with perspectives on crystalline silicon, amorphous silicon, tandem cells, CdTe and CI(G)S.

This report is now available in the SEMI e-store. Please click here.

Linx-AEI Consulting is a leading international consulting firm serving the photovoltaics industry. The firm develops industry reports on chemicals and materials, processing technology, cell and module producers and grid parity analyses, including unique financial perspectives on the health of the industry.

May 26, 2009