The development of photovoltaics has brought great opportunities for the development of chemicals and new materials industries. However, N-type TOPCon and heterojunction cells are more sensitive to water vapor, and POE or EPE films with better water vapor barrier properties are popular, which has led to a substantial increase in the demand for POE. It is estimated that the global PV POE demand will reach 410,000 in 2023 Ton. China still needs to import a large amount of EVA and POE, and domestic chemical companies are actively deploying production capacity.

The European Commission has issued a temporary new regulation to speed up photovoltaic installations, speed up approvals and tackle barriers to the development of new energy sources.

The reports say China's solar energy appears to be one of the export bright spots for the world's second-largest economy. European has a big demand for solar panels due to the high electric prices. Especially, after the Russia and Ukraine war. According to the International Energy Agency, China accounts for more than 80% of all stages of solar panel manufacturing.