Anticipates the photovoltaic market to grow by two digits over next several years, DuPont expects to nearly triple its annual photovoltaic sales to more than $1 billion in 2012. "Through investments in materials, technology development and manufacturing, DuPont is accelerating its ability to deliver innovations that will improve the lifetime and efficiency of photovoltaic modules," David B. Miller, group vice president -- DuPont Electronic and Communication Technologies, said today at the Jefferies 7th Global Clean Technology Conference. Within the past year, DuPont has made significant investments in product development and capacity expansions for leading brands critical to photovoltaic module manufacturing, including DuPont™ Tedlar® polyvinyl fluoride (PVF) films and DuPont™ Solamet® thick film metallization pastes, consistent with the rise in demand.
According to the company, the market size today is about US$30 bln, and is projected to increase to US$70 bln by 2013 fueled by both crystalline silicon based technology and thin film solar cells. The growth rate for thin film is projected to be about twice as high as demand for crystalline silicon, and DuPont expects this increase to drive specifications for both new and existing products that serve the thin film industry. The company is a leading material and technology supplier to the photovoltaic industry with more than 25 years of experience in photovoltaic materials development and manufacturing.