Prospects for photovoltaic chemicals market are good

China Investment Advisory Network News A globally-renowned consulting company published a research report and believed that with the gradual improvement of the global PV industry's development prospects, related chemical markets are also optimistic.

At present, the proportion of solar energy in the overall energy market is less than 1%, but with the increasingly tense supply of traditional energy such as oil and natural gas, solar energy will achieve significant market share growth in the overall energy market. In 2008, the scale of the global photovoltaic industry chemicals market was 306 million U.S. dollars. The consulting company expects that by 2015, the market size will expand to 2.808 billion U.S. dollars.

At present, more than 40 companies worldwide are active in the photovoltaic-related chemical market. European and American companies dominate this market. Large companies include Dow Chemical, Linde, Mitsubishi, and Ashland, but in recent years Japan and China’s photovoltaic industry companies’ market share is increasing.

Solar energy is widely used in aerospace, public facilities, commercial facilities and residential houses. The main customers of photovoltaic-related chemicals are polysilicon and wafer manufacturers, monocrystalline silicon and solar cell manufacturers and solar module manufacturers. In addition, the manufacture of photovoltaic modules also requires the use of various types of household and specialty chemicals. The report pointed out that there are many applications of chemicals in the photovoltaic industry, and the photovoltaic industry chemical market is still growing.