SMM Analysis: PV Glass Companies Intensify Global Expansion, with Monthly Overseas Production Approaching 5 GW

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SMM News on March 25:

According to SMM, a domestic PV glass enterprise is planning to add more PV glass furnace production lines overseas. The project will be located in the Suez Canal Economic Zone, Egypt, and will be carried out in two phases, with an expected annual production of 1.5 million mt of solar PV glass and 1.1 million mt of high-purity quartz sand. After this project plan was proposed, overseas PV glass capacity is expected to increase further. In recent years, due to severe cut-throat competition in the domestic PV glass sector, some glass enterprises have accelerated their pace to go global. As of now, the monthly production of overseas PV glass has approached 5 GW, up 21.27% YoY from the same period in 2024, and is expected to continue growing.

After this project plan was proposed, overseas PV glass capacity is expected to increase further. In recent years, due to severe cut-throat competition in the domestic PV glass sector, some glass enterprises have accelerated their pace to go global. As of now, the monthly production of overseas PV glass has approached 5 GW, up 21.27% YoY from the same period in 2024, and is expected to continue growing.

Figure Overseas PV Glass Production Trend

Data Source: SMM

SMM statistics show that as of now, the total operational furnace capacity for overseas PV glass has reached 12,450 mt/day. In 2024 alone, the new daily melting capacity added overseas reached 3,900 mt/day. Additionally, top-tier domestic enterprises still have plans for new capacity, and it is expected that by 2025, the total overseas PV glass capacity may reach 16,000 mt/day, with monthly production expected to rise to around 6 GW.