28 March 2011 00:58 [Source: ICIS news]
SAN ANTONIO, Texas (ICIS)--The solar industry will likely grow by double-digit rates annually for the next five to 10 years, strengthening demand for ethylene vinyl acetate (EVA) and polyvinyl butyral (PVB), a vice president for Solutia said on Sunday.
EVA and PVB are used as encapsulants in the solar industry, said Eric Nichols, vice president, business management for Solutia's advanced interlayers division.
Nichols was speaking on the sidelines of the International Petrochemical Conference (IPC).
The US specialty chemicals and materials firm began providing EVA encapsulants with its acquisition of Etimex Solar.
The solar industry has been increasing rapidly, with 2010 capacity more than doubling over 2009, Nichols said.
Growth rates will slow, but the industry should still continue expanding, he said.
Increased concerns about nuclear power could increase the momentum already in place for solar power, Nichols said.
Those concerns arose from an earthquake and tsunami, which damaged reactors at a nuclear plant in Japan.
Hosted by the National Petrochemical & Refiners Association (NPRA), the IPC continues through Tuesday.
For more on Solutia visit ICIS company intelligence
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections