Current status of photovoltaic glass development
On June 22, price analysis showed that the average price of photovoltaic glass 3.2mm coating was 28.5RMB/㎡, and the average price of photovoltaic glass 2.0mm coating was 22.0RMB/㎡, and the price achieved five consecutive levels. However, the solar pv industry predicts that there will be more new production capacity in July, and the overall may show continuous stability and a small price increase.
Photovoltaic glass prices rise
The data shows that in January 2022, the 3.2mm coating and the 2.0mm photovoltaic glass coating will decrease by 3.8% and 4.0% respectively compared with December 2021. Afterwards, although the price has risen, it is mainly stable. From January to March, the price of photovoltaic glass 3.2mm coating has reached 25.0RMB/㎡, and the price of photovoltaic glass 2.0mm coating has reached 19.2RMB/㎡.
In April, the price of photovoltaic glass began to rise. In the first week compared with the last week of March, the price of 3.2mm coating increased by 5.8%, and the price of 2.0mm coating increased by 6.0%, to 27.5RMB/㎡ and 21.2RMB/㎡ respectively.
In May, the price of photovoltaic glass ushered in a small increase in the monthly comparison.
Compared with the last week of April in the first week, the price of photovoltaic glass 3.2mm coating increased by 3.6% month-on-month, and the price of photovoltaic glass 2.0mm coating increased by 3.8% month-on-month.
The mainstream price of photovoltaic glass 3.2mm coating market is 28.5RMB/㎡, and the mainstream price of photovoltaic glass 2.0mm coating market is 21.2RMB/㎡.
According to industry analysis, although the market has shown a situation where supply exceeds demand, and prices have been lowered, the price of soda ash, the main raw material of photovoltaic glass, has risen this year, which has led to an increase in the price of photovoltaic glass.
Increasing demand for photovoltaic glass
The development of photovoltaic industry causes demand changes. The photovoltaic installed capacity data in 2022 is optimistic, which will drive the development of the photovoltaic glass module industry.
According to statistics, the global photovoltaic installed capacity is expected to reach 195-240GW in 2022. According to the module price of 2RMB/W, the market size will reach 390-480 billion RMB, of which the photovoltaic glass market will reach 32-39.4 billion RMB. Benefiting from the rapid development of the photovoltaic industry, China’s photovoltaic glass production and apparent consumption are on the rise as a whole.
In 2022, the demand for photovoltaic glass under the conservative and optimistic scenarios will be 36,391t/d and 45,489t/d, respectively, up 18.9% and 31.2% year-on-year. With the growth of photovoltaic installed capacity, the CAGR of photovoltaic glass demand is expected to be 38.4% and 41.1% respectively in the next four years.
Photovoltaic glass production capacity continues to rise
In recent years, photovoltaic glass production capacity has continued to rise.
Data show that China’s photovoltaic glass production has increased from 2.85 million tons in 2016 to 3.98 million tons in 2019, with an average annual compound growth rate of 11.9%. In 2020, China’s photovoltaic glass production was 547 million square meters, a year-on-year increase of 10.1%; photovoltaic glass production capacity was 714 million square meters, a year-on-year increase of 7.7%.
In 2021, China’s photovoltaic glass production will be about 594 million square meters, an increase of 8.6% over the previous year; the photovoltaic glass production capacity will be 766 million square meters, an increase of 7.3% over the previous year. According to industry forecasts, China’s photovoltaic glass output will reach 5.14 million tons in 2022.
At the same time, the regional concentration of China’s photovoltaic glass industry continues to increase.
According to incomplete statistics, from April 21st to 26th, Anhui held 28 hearings successively. Insiders said that if all these photovoltaic glass projects are constructed and put into production as scheduled, the production capacity of photovoltaic glass in Anhui alone will be close to 90,000 tons/day.
The expansion of photovoltaic glass production in other regions will be carried out simultaneously. On June 12, the Standing Committee of the Mianchi County Party Committee of Sanmenxia City, Henan Province held an investment coordination meeting for the Oriental Hope 10GW photovoltaic glass module project. On June 16, the Wuhai Municipal Government of Inner Mongolia plans to build a 1200t/d new energy raw material production line with an annual capacity of 390,000 tons (7.8 million weight boxes).
A few days ago, Follett, a leading photovoltaic glass company, said that the second phase of the photovoltaic module cover glass project with an annual output of 750,000 tons has been completed and put into production and will soon be put into the market.
According to industry forecasts, in the second half of the year, the price of photovoltaic glass may fluctuate slightly with the cost line, and there is little room for rise and fall. In June and July of this year, more production capacity was newly put into operation, and July may show continued stability and a small price increase as a whole. For more information about photovoltaic systems can also be found in Top 10 solar battery manufacturers and Top 10 powerwall manufacturers for home energy storage.