DUBLIN, July 10, 2017 /PRNewswire/ --
Research and Markets has announced the addition of the "Research Report on China's Polysilicon Industry, 2017-2021" report to their offering.
In 2016, production volume of polysilicon in China was 194 thousand tons, up by 17.5% YOY; production volume of silicon wafers was about 63 GW, up by 31.2% YOY; production volume of photovoltaic batteries was 53GW, up by 20.7% YOY, new installed grid-connection capacity of photovoltaics reached 34.5GW, up by 127% YOY. Production scales of all links in the industry chain all took over 50% of that of the globe and continued to be the first in the world.
According to the report, solar grade polysilicon is the major raw material of crystal silicon photovoltaic battery pieces and the fundamental link with the highest technical barrier and the most intensive investment in the whole photovoltaic industry chain. By the end of 2016, newly installed capacity of photovoltaic power generation was 34.54 million kW, and cumulative installed capacity was 77,420,000 kW, both ranking the first in the globe.
In 2016, the export value of silicon wafers, battery pieces and components was around USD 13.84 billion, down by 11.3% YOY. Export to emerging markets like India, Turkey, Chile and Pakistan significantly increased while that of occident traditional markets decline to below 30%. In 2016, photovoltaic export decline was influenced by many domestic photovoltaic enterprises' setting up plants oversea. Chinese enterprises invested to build photovoltaic enterprises in over 20 foreign countries. By the end of 2016, production capacity of photovoltaics built oversea was over 5 GW, showing clear trend of globalized allocation of production.
By the end of Jun, 2017, polysilicon enterprises in normal production was 17, declining from over 80 in the end of 2011. Annual effective production capacity was about 230 thousand tons/year, which increased by 20 thousand tons/year compared to the end of 2016. GCL-Poly Energy Holdings Limited, TBEA Co., Ltd. and Daqo New Energy Corp. are leading enterprises.
It is estimated that, by the end of 2017, annual production capacity of polysilicon in China will reach 250-260 thousand tons/year. The current domestic polysilicon production capacity can satisfy demand for raw materials of near 40 GW battery pieces. Presently, over 100 thousand tons of imported polysilicon is mostly processed into photovoltaic components for export which are not directly used by domestic photovoltaic power stations.
Fast growing markets in recent years are China, the U.S. and Japan. The Chinese government increased additional electrovalence from CNY 1.5 cents/kWh to CNY 1.9 cents/kWh, which filled financing gap of governmental subsidies on wind, electricity and photovoltaic projects. In addition, at the end of 2015, the U.S. government announced to extend 30% of tax credit policies on photovoltaic investment to 2019, which encouraged keeping active investments in the U.S. photovoltaic market in 2017-2019.
Due to the prediction of increasing demand for polysilicon in China photovoltaic industry in the next few years, some new investors, including East Hope Group, announced to enter the market. East Hope Group has invested to build a polysilicon project with annual production capacity of 120 thousand tons in Changjizhou, Xinjiang Province so far. When it is finished, the group will become the largest Polysilicon manufacturer in China. The project adopts the most advanced improved Siemens production process in the world and is equipped with facilities like self-owned power plants to largely reduce costs.
There is a large growth potential in demand for polysilicon in China. However, the polysilicon industry in China is in an adjustment period facing many uncertainties like policies and market risks. Therefore, investors are supposed to analyze the market cautiously before entering.
Key Topics Covered:
1 Basic Concepts of Polysilicon Industry in China
2 Development Environment of Polysilicon Industry in China, 2015-2017
3 Analysis of China Polysilicon Industry, 2012-2016
4 Import and Export of Polysilicon in China, 2014-2016
5 Development Status of China Photovoltaic Industry, 2012-2016
6 Analysis on Major Polysilicon Manufacturers in China, 2015-2017
7 Prospect of China Polysilicon Industry, 2017-2021
- Asia Silicon (Qinghai) Co., Ltd.
- China Silicon Corporation Ltd.
- Daqo New Energy Corp.
- East Hope Group
- GCL-Poly Energy Holdings Limited
- Guodian Inner Mongolia Jingyang Energy Co., Ltd.
- Inner Mongolia Dun'an Photovoltaic Science and Technology Co., Ltd.
- Inner Mongolia Phoevix Silicon Co., Ltd
- Inner Mongolia Shenzhou Silicon LLC
- Shaanxi Tianhong Silicon Co., Ltd.
- Sichuan Renesola Silicon Co., Ltd.
- Sichuan Yongxiang Polysilicon Co., Ltd.
- TBEA Co., Ltd.
- Yichang CSG Polysilicon Co., Ltd.
- Yunnan Aixin Silicon Science and Technology Co., Ltd.
For more information about this report visit https://www.researchandmarkets.com/research/j5cvnp/research_report
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