The Market for Low-Iron Glass Was Valued at $1.5 Billion in 2010

The market for low-iron glass was valued at $1.5 billion in 2010. This is expected to reach $3.8 billion by 2017. Photovoltaic (PV) low-iron glass represents 3% of world glass production. The growth is expected to achieve 15% of total glass production in 2020, which is the same level as automotive glass. Low-iron solar glass technology gives solar panel and solar concentrator vendors the ability to build more efficient systems. Improved cost structures of the solar industry partly depend on improved efficiency in low iron glass manufacturing. Government subsidies are said to be the key growth factor driving demand in the solar market. Although there is local variation, subsidies are expected to continue and increase. Source: glass-international.com