The market demand for positive silver paste continues to rise, and Huhe Co., Ltd. is my country’s leading company

In the field of photovoltaics, according to different functions and location requirements, solar cell silver paste is generally divided into three types: back aluminum paste, front silver paste and back silver paste. Front-side silver paste refers to the silver paste used on the front side of photovoltaic panels. Front-side silver paste has the advantages of high aspect ratio and good printing performance. It plays a decisive role in the photoelectric conversion efficiency of solar cells and can achieve current output. It is suitable for both sides of N-type cells and the light-receiving side of P-type cells.

The main raw materials of front silver paste include glass oxide, electronic grade silver powder, organic resin, etc. Electronic-grade silver powder is the core raw material of front-side silver paste and has the advantages of good electrical conductivity, low oxygen content, and good dispersion. Japan’s Dowa Holdings Group is the world’s largest electronic-grade silver powder manufacturer and occupies a dominant position in my country’s market. At present, the electronic grade silver powder industry has high technical barriers, and my country’s demand is highly dependent on imports. Against this background, the market price of positive silver paste in my country continues to grow.

The photovoltaic field is the only demand side for front-side silver paste. In 2021, my country’s crystalline silicon solar cell output reached 167.2GW, a year-on-year increase of 14.2%. Benefiting from the rapid development of the photovoltaic industry, my country’s front-side silver paste market demand is increasingly strong. According to the “2023-2028 China Frontal Silver Pulp Industry Market In-depth Research and Development Prospects Forecast Report released by the Industrial Research Center, In 2021, my country’s front-side silver paste demand will reach 2,617.2 tons, accounting for nearly 70% of the total photovoltaic silver paste demand.

The production process of front-side silver paste is relatively complex, and the technical barriers to the industry are high. In recent years, the country has attached great importance to the development of the electronic paste industry, which has brought broad market prospects for front-side silver paste. In 2021, the Ministry of Industry and Information Technology released the “Basic Electronic Components Industry Development Action Plan (2021-2023)”, which clearly proposed to support the research and development and production of electronic functional materials such as battery materials, electronic slurries and other processes and auxiliary materials. Benefiting from national policy support, my country’s front-side silver paste localization rate has increased, reaching 60.0% in 2021.

my country’s positive silver pulp industry has a high concentration, and leading enterprises occupy the leading position of the market. Suzhou Jingyin New Materials Technology Co., Ltd., Changzhou Juhe New Materials Co., Ltd., and Wuxi Dike Electronic Materials Co., Ltd. are the main front-side silver paste manufacturers in my country. According to the company’s financial report, the company’s front-side silver paste sales reached 944.3 tons in 2021, a year-on-year increase of 88.6%. Currently, Polymer has become the world’s largest front-side silver paste manufacturer, accounting for nearly 40% of the global market.

Industry analysts said that front-side silver paste has excellent performance and is in strong demand in the photovoltaic field. As the prosperity of the photovoltaic power generation industry continues to increase, Its market space will be further expanded. my country’s front-side silver paste industry started late, but it has developed rapidly and has now become one of the major producers of front-side silver paste in the world. As my country’s leading front-side silver paste company, Polytech has competitive advantages and voice in the global market.