中信证券：预计到2030年 新型光伏浆料市场空间有望超过150亿元

Core Insights - The report from CITIC Securities highlights the critical role of conductive pastes in the metallization process of photovoltaic cells, which directly impacts cell performance [1] - Currently, silver paste is the mainstream choice for conductive pastes, but there is an urgent need to reduce costs due to rising single consumption of silver paste in N-type technology and increasing silver prices [1] - The industrialization of new types of photovoltaic pastes, represented by silver-coated copper, electroplated copper, and high copper/pure copper pastes, is accelerating [1] - It is projected that by 2030, the market space for new types of pastes will exceed 15 billion yuan, corresponding to a CAGR of approximately 60% [1] - Copper pastes are expected to achieve mass production by Q4 2025, and the recommendation is to focus on leading companies with advanced technology and scale [1]