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Global Polysilicon Market ----------------------------------------------------2014
View Report Details Executive Summary Polycrystallion silicon, commonly known as polysilicon, is a hyper-pure form of silicon. It is classified on the basis of varying purity levels into three broad categories: Electronic-grade Silicon (9N), Medium-grade Silicon (6-7N), and Upgraded Metallurgical-grade Silicon (>5N). Solar and semiconductor industries are the two major end markets of polysilicon. The global polysilicon market witnessed a declining trend in the past year which was primarily due to excess capacity and low prices in the industry. The key factors driving the growth of the aforementioned industry are solar cell market, semiconductor industry and accelerating global economy. Some of the noteworthy trend and developments of this industry are decreasing production cost, stabilizing prices and strong growth rate in the solar market. However, there are a number of hurdles that are holding the polysilicon market, such as industrial overcapacity and heavy capital and time requirement to establish the business. The report contains a comprehensive analysis of the global polysilicon industry along with detailed study of regional markets including China and Japan. An intense competition is noted among few major players: Wacker Chemie AG, REC Silicon ASA, GCL and SunEdison. Global competitive analysis is also included in the report along with company profiles of the leading players in the market. The report “Global Polysilicon Market� also analyzes the end markets of the polysilicon industry, including solar and semiconductor industry. By taking into account the major segments of the aforementioned industries, the market outlook of the polysilicon industry is also discussed in detailed in the report.
Polycrystallion silicon, commonly known as polysilicon, is a hyper-pure form of silicon and is earth’s second most abundant element. •
The production of the polysilicon accounted for …ton, depicting a slight decline of …% in 2013 from …. ton in the prior year. This decrease was mainly on the back of major overcapacity in 2012. Many companies were shut down in 2012, especially in China, after the problem of overcapacity prevailed and prices were reduced to the minimum. The industry recorded astounding CAGR of …% during the period spanning from 2009 to 2013.
•
The estimated overcapacity in the polysilicon industry in 2013 is … MW which is …% lower than the overcapacity in the prior year, which accounted for …. MW. 2012 witnessed the maximum overcapacity in the industry ever as several new and established players in the industry moved to build significant new capacity.
•
As per the current scenario, the major end market of polysilicon is the solar industry, which accounted for a staggering ….% of global polysilicon end demand in 2013. Semiconductor industry held …% of the end demand of polysilicon in the aforementioned period.
2013E
2012
2011
2010
2009
2008
2007
2006
2005
‘000 Tonne
Global Polysilicon Production (2005-2013E)
Polysilicon End Market (2013)
MW
Overcapacity in Polysilicon Industry (2009-2013E)
Semiconductor
2007
2008
2009
2010
2011
2012
Solar
The global polysilicon market witnessed a declining trend in the past year which was primarily due to excess capacity and low prices in the industry. •
Following the rising trend towards the use of renewable energy, the demand of the solar PV and hence the demand of the polysilicon is increasing at a fast pace. The estimated demand of polysilicon reached …GW in 2013 from …GW in 2012, depicting an incline of ….%. The polysilicon demand is expected to increase at a CAGR of …% for the period spanning 2007-2013.
•
As of year 2013, Tier 1 companies accounted for the maximum share of the global polysilicon capacity, even though the capacity expansion plan remained on hold for this segment in the citied period. …% share of the total capacity is held by aforementioned segment. Tier 2 held …% of the global capacity, followed by the Tier 3 segment which accounted for … % share.
•
Global polysilicon market is rebalanced to some extend in year 2013, after experiencing the oversupply since 2011. Polysilicon industrial cost is one of the factors responsible for this upturn. The cost of the top producer rests at US$../kg, whereas the cost of the very small producers reaches as high as US$../kg.
2013E
2012
2011
2010
2009
2008
2007
Polysilicon Capacity Breakdown by Tier (2013)
Global Polysilicon Industry Cost Curve (2013)
Very Small
Small
Top Prod. 4
Tier 3
Top Prod. 3
Tier 2
Top Prod. 2
Tier 1
Top Prod. 1
US$/KG
2006
GW
Global Polysilicon Demand (2007-2013E)
The key factors driving the growth of the polysilicon industry are solar cell market, semiconductor industry and accelerating global economy.
2012
2011
2010
2009
2008
2007
‘000 Tonne
Japan’s Sales Value of Polysilicon (2007-2012)
•
Japan is projected to dominate the polysilicon market in the next couple of years. As of 2012, the production volume of polysilicon in Japan accounted for …. tons, depicting a decline of ….%, compared to the production volume of …. tons in the previous year.
•
As of 2013, the whole of Europe accounted for …% share of the global solar PV demand. China accounted for ….% of the global demand, followed by Japan with …%. The US held ….% of the total share of demand in the cited period.
•
The solar PV market has grown since 2010 and is further projected to accelerate at a significant rate. The CAGR of solar PV demand grew at an amazing rate of …% from 2010 to 2013. As of 2013, the global demand of the aforementioned industry accounted for …. GW, up by ….%, from …. GW in 2012. The global demand is further anticipated to reach … GW in 2014, accounting for ….% increase compared to 2013.
Global Solar PV Demand Breakdown (2013)
GW
Global Solar PV Demand (2007-2015E)
China
Japan
Rest of Europe
India
Australia
Others
The US
Germany
Italy
2007
2008
2009
2010
2011
2012
2013 2014E 2015E
Some of the noteworthy trend and developments of polysilicon industry are decreasing production cost, stabilizing prices and strong growth rate in the solar market. Global Polysilicon Demand (2013E-2017E)
2017E
2016E
2015E
2014E
2013E
2017E
2016E
2015E
2014E
2013E
GW
GW
Overcapacity in Polysilicon Industry (2013E-2017E)
As of 2013, the overcapacity in the global polysilicon industry is estimated to be ….. GW. The overcapacity is forecasted to have a declining trend till 2015 and then increase to staggering level of …. GW by 2017. The same is poised to increase by ….%, compared to 2013. The overcapacity in 2015 is estimated to account for …. MW, representing a decline of ….%, compared to 2013. The reasons behind this decline are the measures that were taken to encounter the overcapacity in 2012. However, the future plan of major manufactures of polysilicon, to increase the production capacity, is likely to push the overcapacity in 2017.
The global polysilicon market is growing at a very fast pace. Factors like increasing solar PV market, growing semiconductor industry and improving economic condition are driving the market. The global demand of polysilicon is poised to grow at a compounded annual growth rate of ….% from …. GW in 2013 to … GW in 2017.
The future solar market is anticipated to increase by addition of extra capacity of …. MW and ….. MW in 2014 and 2015, respectively. The US is expected to have maximum additional capacity of ….. MW in 2015, followed by China, which is projected to have …. MW additional capacity.
Note: Market attractiveness is inverse of penetration. Low penetration means high attractiveness and vice-versa
Table of Contents 1. Overview
List of Charts
1.1 Applications of Polysilicon 1.2 Manufacturing Process of Polysilicon
Manufacturing Process of Polysilicon Polysilicon End Market (2013)
1.3 Types of Polysilicon
Global Polysilicon Production (2005-2013E)
1.3.1 Electronic-grade Silicon (9N)
Global Polysilicon Capacity and Capacity Utilisation (2005-2013E)
1.3.2 Medium-grade Silicon (6-7N)
Polysilicon Capacity Breakdown by Tier (2013)
1.3.3 Upgraded Metallurgical-grade Silicon (> 5N)
Global Polysilicon Demand (2007-2013E)
2. Polysilicon Market Analysis
Overcapacity in Polysilicon Industry (2009-2013E)
2.1 Global Market
Polysilicon Spot Prices (June 2010-November 2013)
-Production Volume
Global Polysilicon Industry Cost Curve (2013)
-Capacity Utilization -Demand Growth
China’s Solar Market (2011-2014E)
-Overcapacity
China’s Polysilion Imports (2010-2013)
-Price Trend
China’s Polysilicon Imports: by Regions (Q113-Q413)
2.2 Regional Markets
Japan’s Polysilicon Production Volume and YOY Growth (2007-2012)
2.2.1 China
Japan’s Polysilicon Sales Volume and YOY Growth (2007-2012)
-Market Overview
Japan’s Sales Value of Polysilicon (2007-2012)
-Total Imports -Imports by Region
Japan’s Unit Price of Polysilicon (2007-2012) Global Solar PV Demand (2007-2015E) Global Solar PV Demand Breakdown (2013) Global Solar Annual Installations by Region (2013) Chinese Solar PV Demand (2009-2015E) US Solar PV Demand (2009-2015E) Japanese Solar PV Demand (2009-2015E) Global Semiconductor Revenue (2005-2013
2.2.2 Japan -Production Volume -Sales Volume -Sales Value 3. End-Markets of Polysilicon
Semiconductor Revenue by Product Category (2013) Semiconductor Sales by Region (2012-2013) Semiconductor Revenue breakdown by Region (2013)
3.1 Solar PV Market
Global GDP (2005-2012)
3.1.1 Global Market
Global Polysilicon Production Share Breakdown by Company (2013)
-Demand Growth
Polysilicon Production Capacity and Production Cost by Players (2013)
-Regional Breakdown
Wacker Chemie’ Revenue Share by Business Segments (2013)
3.1.2 China
Wacker Chemie’s Revenue and Net Income (2007-2013)
3.1.3 The US
REC Silicon ASA’s Revenue (2009-2013) GCL’s Revenue Share by Business Segments (2013)
3.1.4 Japan
Revenues and Net Income of GCL (2009-2013)
3.2 Semiconductor Industry
SunEdison’s Business Segment Share by Net Sales (2013)
-Industry Revenues
SunEdison’s Business Segment Share by Net Sales (2013)
-Market Segmentation -Regional Breakdown 4. Market Dynamics 4.1 Industrial Trends & Developments 4.1.1 Decreasing Production Cost
SunEdison’s Net Sales and Net Income (2009-2013) Global Polysilicon Demand (2013E-2017E) Global Polysilicon Production (2013E-2017E) Global Polysilicon Capacity and Capacity Utilization (2013E-2017E)
4.1.2 Stabilizing Polysilicon Prices
Overcapacity in Polysilicon Industry (2013E-2017E)
4.1.3 Strong Growth Rate in Solar Market
Spot Price of Polysilicon (2013-2015E) Regional Split of Solar Installations (2010-2015E) Key Changes to Solar Forecasts by Country (2013E-2015E) Global Solar Cell Production (2013E-2017E) Global Solar Module Production (2013E-2017E) Global Thin Film Module Production (2013E-2017E) Global Wafer Production (2013E-2017E)
4.2 Growth Drivers 4.2.1 Rise in Solar Cell Market 4.2.2 Growing Semiconductor Industry 4.2.3 Global GDP 4.3 Challenges & Issues 4.3.1 Industrial Overcapacity 4.3.2 Heavy Capital Requirements 5. Competitive Landscape -Market Share -Capacity Comparison 6. Company Profiles 6.1 Wacker Chemie AG 6.1.1 Business Overview 6.1.2 Financial Overview 6.1.3 Business Strategies -Expansion through Strategic Acquisitions -Collaboration to Achieve Sales Competency -6.2
REC Silicon ASA
-6.2.1
Business Overview Financial Overview -6.2.3 Business Strategies --Ceaseless Focus on R&D --Sustainable Development -6.2.2
-6.3
GCL
-6.3.1
Business Overview Financial Overview -6.3.3 Business Strategies --Establishing New Power Plants -- Expansion through Acquisitions -6.3.2
List of Tables Chinese Polysilicon Import Tariffs by Company (2013) Top Semiconductor Companies by Revenue (2012-2013E)
-6.4
SunEdison
-6.4.1
Business Overview Financial Overview -6.4.3 Business Strategies --International Marketing -New Product Development -6.4.2
7. Market Outlook 7.1
Global
Polysilicon
Market
-Demand -Capacity -Production -Overcapacity -Price 7.2
Factors
7.2.1 7.2.2 7.2.3 7.2.4 Thin Film Module 7.2.5
Affecting
Solar Solar Solar
Polysilicon
Market
Market Cell Module
Wafer
View Report Contact Us:Details These are abridged and sanitized sample pages from the comprehensive report on the “ Global Polysilicon Market Report ”. To know more about this report or for any customized research requirement, please contact the following:
Koncept Analytics
Vikas Gupta BD Manager
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