No ceiling on U.S. glass opportunity
With PV module capacity ramping up, glass suppliers have been investing in new solar glass production capacity. As in India and
Competitive strategies range from Chinese producers expanding commodity capacity to Western incumbents investing in circularity, low-carbon furnaces, and specialty coatings. These shifts together position the solar photovoltaic glass market for resilient growth throughout the decade.
The resulting uncertainty defers investment decisions and tempers the growth trajectory of the solar photovoltaic glass market. In 2024, anti-reflective coatings commanded 57% of the solar photovoltaic glass market, supported by entrenched float infrastructure and proven light-capture gains.
Manufacturers now compete on scale, logistics efficiency, and coating innovation to defend profitability in the solar photovoltaic glass market. Cumulative solar capacity reached 1.6 TWdc in 2023, up 89% on 2022, while building-integrated photovoltaics (BIPV) gained momentum.
By manufacturing process, float lines delivered 68% of 2024 volume; rolled glass is forecast to post a 19.70% CAGR to 2030. By solar technology, crystalline silicon held 91% share of the solar photovoltaic glass market size in 2024, whereas CIGS cells are expected to grow at 23.61% CAGR between 2025 and 2030.
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