hi

Global and China’s Polysilicon Market Size 2021 Growth Challenges and Opportunities, Industry Statistics, Progression Status, Emerging Demands, Future Trends, Share, Covid-19 Impact, Top Leading Players with Strategies and Forecast 2026

In a recent published report, Kenneth Research has updated the Global and China’s Polysilicon Market report for for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Global and China’s Polysilicon Market products.

Get a Sample PDF of report-https://www.kennethresearch.com/sample-request-10085065

According to the statistics by Eurostat, grew from USD 323.49 billion in 2010 to USD 504.83 billion in 2020. Moreover, the imports of chemicals in the region grew from USD 205.64 billion in 2010 to USD 285.91 billion in 2020.

In 2018, China’s photovoltaic industry grew steadily in scale, slowed down in capacity construction and saw declines in market prices. According to the China Photovoltaic Industry Association, in 2018, the production volume of polysilicon in China exceeded 250,000 tons, increasing by over 3.30% YOY; the production volume of silicon wafers reached 109.20 GW, increasing by 19.10% YOY; the production volume of photovoltaic cells reached 87.20 GW, increasing by 21.10% YOY; the production volume of photovoltaic modules reached 85.70 GW, increasing by 14.30% YOY. Besides, the newly installed photovoltaic capacity in China decreased to 44.26 million kilowatts by 16.60% YOY, of which the newly installed capacity of photovoltaic power stations decreased to 23.30 million kilowatts by 30.70% YOY while the newly installed capacity of distributed photovoltaics increased to 20.96 million kilowatts by 7.80% YOY.
The global polysilicon production capacity concentrates in China. At the end of 2018, China’s annual polysilicon production capacity was 388,000 tons while that of other countries totaled 210,000 tons. The polysilicon production abroad reached 189,000 tons in 2018 and is estimated to fall to around 160,000 tons in 2019. China is expected to need 430,000 tons of polysilicon and import about 110,000 tons in 2019, which means that domestic demand will be satisfied if domestic production reach 320,000 tons.
China is the world’s largest polysilicon producer. In 2018, Xinjiang, Jiangsu, Inner Mongolia, Sichuan, Henan and Qinghai contributed 156,000 tons, 70,000 tons, 60,000 tons, 45,000 tons, 20,000 tons and 20,000 tons respectively to China’s polysilicon production capacity. In 2019, Xinjiang East Hope New Energy Co., Ltd., Xinte Energy Co., Ltd., Xinjiang Daqo New Energy Co., Ltd. and other companies are expected to increase polysilicon production capacity by over 120,000 tons.
According to CRI, because high-quality polysilicon for monocrystalline silicon production has high technical barrier, the market is dominated by a few suppliers. For example, 15%-20% N-type monocrystalline silicon (minority carrier lifetime ≥1000us) produced from China-made polysilicon is substandard while the proportion will be only 0.90% to 0.50% if imported polysilicon is used. Therefore, China relied heavily on high-quality polysilicon imports in the past few years. At present, the enterprises that can supply monocrystalline silicon in large quantities include domestic companies Leshan Yongxiang Silicon Industry Co., Ltd. (a subsidiary of Tongwei Group Co., Ltd.), Xinjiang Daqo New Energy Co., Ltd., Xinte Energy Co., Ltd. (a subsidiary of TBEA Co., Ltd.) and GCL-Poly and foreign companies OCI and Wacker Chemie.
In 2018, the production volume of polysilicon in China was about 259,000 tons, increasing by 7.90% YOY. The growth rate fell sharply as compared to 2017. As the production volume varied greatly among different enterprises, the market concentration ratio stayed at a high level. The top 10 enterprises including GCL Silicon Technology Holdings Inc., Xinte Energy Co., Ltd., China Silicon Corporation Ltd., Xinjiang Daqo New Energy Co., Ltd. and Sichuan Yongxiang Co., Ltd. took a market share of 82.50%.
In 2018, as affected by the shrinking demand from China’s photovoltaic industry, the import volume of polysilicon dropped for the first time in the past decade. The import volume of polysilicon in China was 151,300 tons, decreasing by 0.40% YOY; the import value was about USD 2.08 billion, decreasing by 12.30% YOY. The major sources of China’s polysilicon imports include South Korea, Germany, Taiwan, etc.
Since 2011, China’s Ministry of Commerce has initiated anti-dumping investigations against polysilicon from other countries, which inhibited the import of polysilicon and promoted the development of domestic polysilicon industry to some extent.
According to CRI, China will still have huge demand for polysilicon. Domestic polysilicon production can gradually meet the market demand. However, monocrystalline silicon has become increasingly popular in China since 2016 and the production of monocrystalline silicon requires high-quality polysilicon. Pessimistic about the quality of domestic-made polysilicon, Chinese manufacturers of monocrystalline silicon will continue to a large quantity of high-purity polysilicon from Germany and South Korea. It is estimated that from 2019 to 2023, China will import over 100,000 tons of polysilicon every year.
In 2018, the average price of high-quality solar grade polysilicon was 105,900 CNY/ton, decreasing by 21.60% YOY. Overall, the price of polysilicon declined by 50.30% from 153,000 CNY/ton at the year beginning to 76,000 CNY/ton at the year end

To Understand How Covid-19 Impact Is Covered in This Report – Get a Sample PDF of report Enquire before purchasing this report –https://www.kennethresearch.com/sample-request-10085065

Topics covered:
– Status of global polysilicon industry
– Economic environment and policy environment for China’s polysilicon industry
– Development of the photovoltaic industry
– Supply of and demand for polysilicon in China
– Import and export of polysilicon in China
– Competition on China’s polysilicon market
– Price trend of polysilicon
– Major polysilicon manufacturers in the world
– Driving forces and market opportunities for the polysilicon industry
– Risks and challenges to the polysilicon industry
– Trends of the polysilicon industry

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analys  & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
  •  Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook

The Market report answers the following questions:

What is the aim of the report?

  • The market report presents the estimated market size of Market by the end of forecast period. Additionally, the historical and current market size is also examined in the report.
  • Based on various indicators, the Year-on-Year growth (%) and compound annual growth rate (CAGR) for the given forecast period is offered.
  • An overview of the Market based on geographical scope, market segmentation and financial performance of key players is presented in the report.
  • The report presents current trends in the industry and future scope of the Market in North America, Asia Pacific, Europe, Latin America and Middle East and Africa.
  • The various parameters accelerating the growth of Market are incorporated in the research report.
  • The report analyzes growth rate, market size and valuation of the Market during the forecast period.

What aspects regarding the regional analysis Market are included in this report?

  • Geographical regions covered in the report include North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
  • The report consists of detailed region-wise analysis of current and future market trends, providing information on product usage and consumption.
  • The growth rate of the market in every region, including their countries over the forecast period is included in the market report.

Based on what factors are the key market players assessed in this report?

  • The report offers detailed analysis of leading companies in the market across the globe.
  • It provides details of the major vendors involved in the Market including Key Playes
  • A comprehensive overview of each company including the company profile, generated revenue, pricing of goods and the manufactured products is incorporated in the report.
  • The facts and figures about market competitors along with standpoints of leading market players are presented in the report.
  • The recent developments, mergers and acquisitions related to mentioned key players are provided in the market report.

What is the key information extracted from the report?

  • Extensive information on factors estimated to affect the Market growth and market share during the forecast period is presented in the report.
  • The report offers the present scenario and future growth prospects Market in various geographical regions.
  • The competitive landscape analysis on the market as well as the qualitative and quantitative information is delivered.
  • The SWOT analysis is conducted along with Porter’s Five Force analysis.
  • The in-depth analysis provides an insight into the Market, underlining the growth rate and opportunities offered in the business.

 Enquire before purchasing this report:https://www.kennethresearch.com/sample-request-10085065

About Kenneth Research:

Rated as one of the best multi-client reselling agencies, Kenneth Research provides a single platform for insights on numerous industries for investors and companies who are willing to expand their business. The platform caters to industries that include Healthcare and Pharmaceuticals, Chemicals, ICT and Telecom, Energy and Power, Automotive and Transportation, and several others, and offers the best strategic business consultancy services at a global level.

Contact Us

Name: Kenneth research

Email:sales@kennethresearch.com

Phone: +1 313 462 0609

Eli is a freelance writer and possess double graduation degree in physics and chemistry. She is an intense writer covering everything for Science and Tech to Business, Entertainment, Sports and Lifestyle.

Leave a Reply