In the context of an era when the photovoltaic industry is attracting more and more attention, photovoltaic modules have become a pivotal presence in the photovoltaic market and affect the economic situation of the photovoltaic market. As an important component of photovoltaic modules, EVA film determines the performance of photovoltaic modules and is a key material of photovoltaic modules. As a result, EVA Crosslinking Degree Test System developed by Millennial Solar can comprehensively test EVA film to ensure the quality of photovoltaic modules and help customers make better applications. In this issue of Millennial Solar, we will introduce the economic situation of EVA film in the photovoltaic market!

EVA film price increases by 10%

Recently, according to public statistics, EVA film shipments increased significantly in July, prices increased across the board, and attracted widespread attention from photovoltaic companies. Among them, transparent EVA film has increased by as much as 10%, EPE film has increased by 7%, and POE film has increased by 0%-5%. The price increase has been officially implemented at the beginning of this month.

Looking back at the past of EVA film

Since Q2 of 2023, the price of EVA film has been steadily declining, falling by more than 20% at most. Due to the drop in price, the profit of photovoltaic film has also reached an unprecedented freezing point with the price.

Photovoltaic film price trend chart

According to the latest news, EVA film is the least profitable link in the photovoltaic industry, with a gross profit margin of 0 and a negative net profit per unit. As a leading supplier of photovoltaic packaging films, CYBRID's semi-annual performance forecast shows that the company expects to achieve a net profit attributable to shareholders of listed companies in the first half of 2023 of approximately 45 million yuan to 53 million yuan, a year-on-year decrease of 69.74% to 74.31%.

Due to the large price fluctuations of main photovoltaic raw materials such as silicon and silicon wafers in the first half of this year, the price of silicon has entered a downward channel in the second quarter. Downstream photovoltaic module manufacturers are facing this situation with a wait-and-see attitude and are controlling module output.This has led to a sharp decrease in EVA film purchases at the industry level and film prices plummeted.

Looking forward to the future of photovoltaic modules

The development of things always shows a wave-like and spiral upward trend. As the price of silicon material bottoms out, the profits of the photovoltaic industry chain have returned to the normal range. At the same time, the peak season of photovoltaic installations in the second half of the year is ushered in. The emergence of EVA film Volume and sales have also been significantly improved.

According to public information research, photovoltaic modules increased by more than 20% in July compared with June. Due to the increase in demand for photovoltaic modules, the demand for EVA  films has been boosted. Due to various reasons such as insufficient manpower, adhesive film manufacturers have caused supply and demand to reverse. Turn and prices start to rise.

Entering August, the increase in photovoltaic module production demand will bring higher demand for EVA film. It is expected that photovoltaic module production will continue to increase by about 10% in August, and EVA film orders will continue to rise in August. It is expected to exceed 510 million square meters, and approximately 53.68GW of components can be supplied and scheduled.

Forecast trend chart of China’s photovoltaic film demand from 2018 to 2023

Unit: billion square meters

In recent years, due to the rapid development of the photovoltaic industry at home and abroad, the installed capacity has continued to increase. It is expected that the world's new photovoltaic installed capacity will exceed 350GW in 2023, a year-on-year increase of more than 40%. The rapid growth of photovoltaic installed capacity will drive a high increase in demand for EVA film. It is expected that the total demand for photovoltaic film in China will reach 2.6 billion square meters by 2023.

Millennial EVA Crosslinking Degree Test System

 E-mail: market@millennialsolar.cn

Millennial EVA Crosslinking Degree Test System includes standard configurations such as fume hood, electronic balance, drying box, heating mantle, flask, glass condenser, etc. It can be used to test the flexibility, impact resistance, elasticity,optical transparency, low temperature flexibility, adhesion, environmental stress cracking resistance, weather resistance, chemical resistance, heat sealing.

Millennial EVA Crosslinking Degree Test System can ensure the appropriate threshold of cross-linking degree, continuously output the cross-linking reaction, and plays a key role in fine control of the production process, reasonable selection of raw materials, and strict control of product quality.

The continuous growth of the scale of photovoltaic modules indicates that the demand for EVA film is also increasing with its growth. Today, with the development of intelligent photovoltaics, photovoltaic modules have attracted more and more attention from business users and even home users in all walks of life. And the number of users gradually increases as time goes by. Millennial EVA Crosslinking Degree Test System can ensure the normal operation of photovoltaic modules in practice. Based on the existing testing technology, we strive to develop and improve equipment that makes customers more satisfied and help customers make further progress in the photovoltaic industry!