Will the glass supply be tight in the next few years?

 

Will glass be in short supply? Glass is restricted by reforms on the restricted side, production capacity cannot be expanded, and production capacity has returned to a low level. The overall production capacity declined during the 2020 epidemics. Based on the production capacity in 2019, the average annual glass production capacity in 2019 and 2021 will be reduced. 3% The production capacity from 2021 to mid-July is 52.24 million tons/year, an increase of 10.6% over the same period in 2020 and an increase of 8.8% over 2019. Supply, demand, and supply have caused the glass to continue to strengthen in recent years. In addition, China’s photovoltaic installed capacity is growing rapidly, and the market will have a higher growth rate in 2025 with the advent of the era of photovoltaic flatness.

Glass Industry Information

DP Securities stated that under the guidance of the goal of “Carbon Achievement and Carbon Neutrality”, the photovoltaic industry will maintain rapid development in the future. During the 14th Five-Year Plan period of the project, the global average new installed capacity will reach 210-260GW. At the same time, as the penetration rate of double-glass modules continues to increase, the demand for photovoltaic glass will maintain high growth. According to Huaxi Securities’ analysis, Neutral conservatively estimated that the average annual demand for photovoltaic glass in 145 was 12.5 million tons. Even if new production capacity is considered, the industry will still maintain a tight supply in the next 2-3 years.