Adhesives & Sealants Headlines / Green Products/Applications

Global Thin-Film Market Grows 105%

January 26, 2012
/ Print / Reprints /
ShareMore
/ Text Size+
Thin-film technology evolved from the early 2000s, but production remained marginal until 2006, according to a new report.

The global solar photovoltaics (PV) market is dominated by silicon-based technology. Thin-film technology evolved from the early 2000s, but production remained marginal until 2006, according to the new report, “Thin-Film PV-Global Market Size, Price Analysis, Regulations and Competitive Landscape to 2020,” available from Research and Markets.

The crystalline silicon PV supply experienced a polysilicon shortage and became prohibitively expensive, thus shifting the focus of solar PV module manufacturers toward thin-film module technology. Thin-film modules, benefiting from advancing technologies, have since experienced increased market presence in the solar PV market, growing from 8% in 2006 to 17% in 2010.

The growth of the global thin-film market over the past five years has been remarkable. Production grew at a compound annual growth rate (CAGR) of 105% from 2006 to 2010, based on market drivers including a contraction in crystalline silicon (c-Si) modules supply due to the polysilicon shortage, the development of favorable policies by federal governments, and thin-film technology advancements. Many new players arrived on the scene, and established crystalline module manufacturers increased their profits, mitigated risks, and expanded their product portfolios.

By 2010, thin-film production reached 3,627 megawatts (MW), capturing 17% of the global solar PV market. With the technological advancements toward the development of efficient and cost-effective thin-film modules, the market is expected to grow at a CAGR of 16% over the period 2010-2020, reaching 15,895 MW of market volume by 2020.

For more information, visit www.researchandmarkets.com.

Did you enjoy this article? Click here to subscribe to Adhesives & Sealants Industry Magazine.

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

ASI April 2014 Photo Gallery

Our April 2014 issue is now available!

Podcasts

ExxonMobil Tackifier Expansion

Dwight Tozer, vice president of ExxonMobil’s Adhesion Industry business, discusses the company’s latest tackifier expansion project with Editor-in-Chief Susan Sutton.

More Podcasts

Adhesives & Sealants Industry Magazine

ASI Sept 2014 cover

2014 September

Our September issue features articles focusing on high-tech applications and raw materials, as well as a preview of the ASC Fall Convention and Expo. Check it out today!

Table Of Contents Subscribe

THE ADHESIVES STORE

handbook-sealant-tech.gif
Handbook of Sealant Technology

The Handbook of Sealant Technology provides an in-depth examination of sealants, reviewing their historical developments and fundamentals, adhesion theories and properties, and today’s wide range of applications.

More Products

ASI 2014 Buyers GuideASI's Buyers' Guide

Annual purchasing resource for equipment used in the manufacture/formulation of adhesives, sealants, pressure sensitives, tapes and labels and for application of finished adhesives. 

Clear Seas Research

With access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

STAY CONNECTED

facebook_40px twitter_40  youtube_40pxlinkedin_40 google+ icon ASI 30px