Hanwha Total Secures Global Solar Cell EVA Market Dominance
Seoul, December 29, 2015
Hanwha Total Petrochemical announced that the company's EVA products for solar cell encapsulants (solar cell EVA) were recently selected by the Ministry of Trade, Industry and Energy of Korea as a "World-Class Korean Product."
World-Class Korean Product status is granted to products that rank at least 5th or 5% market share of a global market exceeding $50 million in size and $5 million in annual exports. Hanwha Total Petrochemical achieved 35% market share of the global 350,000-ton solar cell EVA market, securing the top spot.
A spokesperson for Hanwha Total Petrochemical said, "Hanwha Total Petrochemical's EVA for solar cells succeeded in delivering the level of quality that can satisfy our customers using our own independently developed technologies," adding that "the company will continue to focus on developing high value-added products and expanding its market presence to widen our lead over competing petrochemical companies in China and the Middle East."
Hanwha Total Petrochemical was the first Korean petrochemical firm to independently develop PP polymerization catalyst, and successfully developed an environmentally friendly PP that does not contain phthalate, an environmental hormone, in February 2014, as part of the company's strong technological development initiative aimed at expanding its high value-added petrochemical product portfolio.
Learn more by accessing the press release on hanwha-total.com