The production volume of China's polysilicon reached 242,000 tons in 2017, representing a CAGR of 70.0% from 2007 to 2017. The newly installed photovoltaic bases in China reached 53 GW in 2017, ranking first in the world for five consecutive years. Also, the total installed capacity amounted to 130 GW, taking the first place for three consecutive years. Production scale of every link in the domestic industry chain all took over 50% of the global total and continued to be leading in the world.In 2018, the Production Volume of Polysilicon is Projected to Reach 400,000 Tons says Latest Report
The export value of photovoltaic products, including wafer, cell, module and inverter, totalled USD 15.777 billion in 2017, increasing by 5.3% YOY. The export value of wafer, cell, module and photovoltaic inverter was respectively USD 2.968 billion, USD 0.797 billion, USD 10.61 billion and USD 1.402 billion, with a respective YOY increase of 14.4%, 17.39%, -1.2% and 46.3%. In addition, the export volume respectively reached 4.404 billion, 3.36 GW, 30 GW and 15.92 million units.
According to the researcher, solar grade polysilicon is the main raw material for crystalline silicon photovoltaic cells. On top of this, there were 22 polysilicon enterprises in normal production by 2017, with the effective capacity totalling 280,000 tons, up by 70,000 tons over 2016. Among them, major manufacturers include GCL Silicon Technology Holdings Inc., TBEA Co., Ltd., Daqo New Energy Corp., etc. Also, by the end of 2017, the aggregate capacity of 10 enterprises, each of which exceeded 10,000 tons, accounted for more than 70% of the country’s total.
Since 2011, the Ministry of Commerce of the PRC has made a series of anti-dumping investigations on imported polysilicon, thereby restraining the imports to some extent and promoting the local polysilicon industry. In 2017, the production volume of polysilicon in the world amounted to 436,000 tons, of which China made up about 55.5%. However, China still imported 159,000 tons of polysilicon, with an import dependency of 39.8%. With the continuous expansion of the domestic polysilicon production capacity, the proportion of imports is expected to decline gradually.
The researcher analyzes that with the advancement of technology in recent years, both the utilization efficiency of polysilicon and the photoelectric conversion efficiency have risen continuously. Relevant statistics show that in 2017, to produce 224 W silicon wafer needed 1 kg silicon materials. As technology develops in 2018 (especially with the progress of slicing technology) and monocrystalline silicon is more widely applied in the photovoltaic industry, 1 kg silicon materials can produce 280 W silicon wafer. In 2017, the production volume of silicon wafer equivalent to the capacity of modules was 87.6 GW; while in 2018, the production volume of polysilicon is projected to reach 400,000 tons, and that of silicon wafer equivalent to the capacity of modules will amount to 112 GW. It is predicted that the total demand for photovoltaic modules in the global market will be 110 GW in 2018, and the capacity of China's polysilicon will even surpass the global demand.
Based on this analysis, the main driving force for the growth of China's polysilicon market in the next few years is still the demand from the photovoltaic industry, where the increase in domestic demand and exports is equally important. It is estimated that the emerging photovoltaic market will grow rapidly in the next few years. Among them, the installation demand mainly comes from Asia and America, and the market is also opening in Middle East and Africa.
The researcher predicts that the demand for polysilicon in the Chinese market still has large room to increase. Although the production of polysilicon can gradually meet the domestic demand, monocrystalline silicon has been popular since 2016, which needs to be made of high-quality polysilicon raw materials. Concerned about the quality of domestic polysilicon, Chinese manufacturers of single wafer still import high-purity one from Germany and South Korea. It is forecasted that China will import over 100,000 tons of polysilicon a year from 2018 to 2022.
Selling Points:
- Economy and Policy Environment Faced by China's Polysilicon Industry
- Development Status of Photovoltaic Industry
- Anti-dumping Measures of Chinese Government against Imported Polysilicon
- Supply and Demand of Polysilicon in China
- Polysilicon Import and Export Levels in China, 2013-2017
- Market Competition of Polysilicon in China
- Price Trends of Polysilicon in China
- Major Polysilicon Manufacturers in China
- Driving Forces and Market Opportunities in the Polysilicon Industry
- Risks and Challenges Faced by the Polysilicon Industry
- Development Trends of China's Polysilicon Industry
Table of Contents
Samples
LOADING...
Companies Mentioned
- Asia Silicon (Qinghai) Co., Ltd.
- CSG Holding Co., Ltd.
- China Silicon Corporation Ltd.
- Daqo New Energy Corp.
- GCL Silicon Technology Holdings Inc. (GCL-Poly Energy Holdings Limited
- Guodian Inner Mongolia Jingyang Energy Co., Ltd.
- Huanghe Hydropower Development Co., Ltd.
- Inner Mongolia Dun'an Photovoltaic Science and Technology Co., Ltd.
- Inner Mongolia Shenzhou Silicon LLC
- Kunming Yeyan New-Material Co., Ltd.
- LDK Solar Co., Ltd.
- Shaanxi Tianhong Silicon Co., Ltd.
- Sichuan Renesola Silicon Co., Ltd.
- Sichuan Yongxiang Co., Ltd.
- Xinte Energy Co., Ltd.
Methodology
Background research defines the range of products and industries, which proposes the key points of the research. Proper classification will help clients understand the industry and products in the report.
Secondhand material research is a necessary way to push the project into fast progress. The analyst always chooses the data source carefully. Most secondhand data they quote is sourced from an authority in a specific industry or public data source from governments, industrial associations, etc. For some new or niche fields, they also "double-check" data sources and logics before they show them to clients.
Primary research is the key to solve questions, which largely influence the research outputs. The analyst may use methods like mathematics, logical reasoning, scenario thinking, to confirm key data and make the data credible.
The data model is an important analysis method. Calculating through data models with different factors weights can guarantee the outputs objective.
The analyst optimizes the following methods and steps in executing research projects and also forms many special information gathering and processing methods.
1. Analyze the life cycle of the industry to understand the development phase and space.
2. Grasp the key indexes evaluating the market to position clients in the market and formulate development plans
3. Economic, political, social and cultural factors
4. Competitors like a mirror that reflects the overall market and also market differences.
5. Inside and outside the industry, upstream and downstream of the industry chain, show inner competitions
6. Proper estimation of the future is good guidance for strategic planning.
LOADING...