The market demand for conductive silver paste continues to grow, and national policies promote industry development

Conductive silver paste refers to silver paste printed on conductive substrates to enable it to conduct current and eliminate accumulated static charges. It includes nano conductive silver paste, scalable conductive silver paste, traditional conductive silver paste, and high-stability conductive silver paste. Pulp and other types.

The upstream of the conductive silver paste industry chain is the supply of silver powder, epoxy resin, stabilizers, dispersants and other materials. Silver powder is the key raw material for conductive silver paste. In 2022, my country’s silver powder output will exceed 7,300 tons, a year-on-year increase of about 120%, which will provide support for the development of the industry. Provide sufficient raw material base; the midstream is the production and manufacturing link of various products; the downstream is mainly used in photovoltaics, electronics and other fields, of which the photovoltaic field accounts for more than 90% of the downstream demand structure and is the main application field.

According to the“China Conductive Silver Paste Industry Market Monitoring and Future Development Prospects Research Report 2023-2027” released by the Industrial Research Center , under the dual carbon background of “carbon compliance” and “carbon neutrality”, the scale of my country’s photovoltaic industry continues to expand, and the market demand for conductive silver paste continues to grow. In 2022, my country’s demand for conductive silver paste will exceed 12,900 tons, and the market size will exceed 60 billion yuan.

With the continuous advancement of production technology, the scale of my country’s conductive silver paste market continues to expand, and the output continues to grow. Superimposed on the continued decline of international silver prices, the average market price of conductive silver paste has generally shown a downward trend in recent years. The average market price in 2022 will be approximately 5 million yuan. /Ton.

From the perspective of import and export quantities, the import quantity of conductive silver paste in my country is much greater than the export quantity. From January to May 2023, China’s import volume of conductive silver paste exceeded 3,100 kilograms, and the export volume did not exceed 3 kilograms. The main importing countries were Italy, Japan, Germany, etc., of which Italy accounted for more than 75% of the import volume and was the main importing country.

In recent years, the state has issued a number of policies to encourage and support the development of green energy industries such as photovoltaics and promote the transformation and upgrading of the energy structure. In January 2023, six departments including the Ministry of Industry and Information Technology jointly issued the “Guidance on Promoting the Development of the Energy Electronics Industry”, clearly proposing to improve the supply capacity of solar photovoltaics and new energy storage batteries, and develop advanced and efficient photovoltaic products and technologies. In March 2023, the General Office of the Ministry of Natural Resources and other three departments jointly issued the “Notice on Supporting the Development of the Photovoltaic Power Generation Industry and Standardizing Land Management”, focusing on guiding the rational layout of projects, implementing classified management of land use, accelerating land use procedures, and strengthening land use We will make overall arrangements in five aspects, including supervision and proper handling of issues left over from history, to further support the development of green energy, accelerate the construction of large-scale photovoltaic bases, and standardize project land management. As an important material in the photovoltaic field, conductive silver paste has a good development environment.

Industry analysts said that conductive silver paste has high technical barriers, and the main domestic manufacturers include Wuxi Dike Electronic Materials Co., Ltd. , Kewell Technology Co., Ltd., Ningxia Silver Star Energy Co., Ltd., etc. As my country’s dual-carbon policy continues to advance and the green energy industry continues to develop, conductive silver paste has a broad consumer market and the industry has good development prospects.