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Global Polysilicon Market -----------------------------------------2013


View Report Details Executive Summary Silicon is one of the most significant inorganic materials. Polysilicon or polycrystalline crystals. Being one of the purest elements in the world, the purity of polysilicon can be upon the purity levels, three types of polysilicon are manufactured viz. Electronic-grade 7N), and Upgraded Metallurgical-grade Silicon (> 5N). On the industry front, polysilicon solar PV industry and the semiconductor industry.

silicon comprises of numerous silicon as high as 99.9999999+%. Depending Silicon (9N), Medium-grade Silicon (6is required by 2 major sectors viz. the

This report analyzes the market size of the polysilicon industry with focus on regions including Japan and China in depth. Also, the solar PV and semiconductor industry size is discussed in detail. In addition, market dynamics such as industry trends and developments (world’s solar photovoltaic capacity surpassed 100-gigawatt, establishment of strategic alliances, formulation of dye sensitized solar cells and declining spot prices of polysilicon and solar module), growth drivers (rise in solar cell demand, growth in semiconductor market, and growing global economy) and challenges (trade dispute between Europe and China, oversupply in the industry and heavy capital requirements) are explicated. The polysilicon industry is fiercely competitive with several international and domestic players operating in the domain. The key international players include REC, Wacker, Hemlock and GCL. Competitive landscape, profiles of major industry players along with the market outlook for polysilicon/solar PV demand and capacity are also included.


Polysilicon or polycrystalline silicon consists of multiple silicon crystals; Its purity can be as high as 99.9999999+%  As per the current scenario, the major end market of polysilicon is the PV panel industry, which accounted for a staggering ……% of global polysilicon end demand in September 2012.

Polysilicon End Markets (September 2012)

 The polysilicon supply on the global front has been increasing at a fast pace. For instance, in 2007, the global polysilicon supply stood at ….kilo tones, while in 2011, the same rose to ……….kilo tones registering a CAGR of ………….% over the period cited.  Polysilicon production in Japan has been fluctuating. In 2011, the same reached to ……… tonnes recording an increase of almost ….% over 2010 production volume.

Solar PV Panel Industry

Semicondutor Industry

As of May 2012, the polysilicon production was maximum in China which constituted ……….% share in the global production followed by the US which accounted for ……..% share. As of January 2013, approximately …… of the global polysilicon consumption was constituted by China while other countries claimed a modest ……….%.

Japan’s Polysilicon Production Volume (2007-2011)

Kt

Tonnes

Global Polysilicon Supply (2007-2011)

2007 2007

2008

2009

2010

2011

2008

2009

2010

2011


A ‘wafer’ is a lean slice of semiconductor material, used in the fabrication of integrated circuits and other microdevices… Global Solar PV Demand/Available PV Production/Capacity (2010-11) On the global front, the total capacity for solar PV has been exceeding the available production and the demand. As of 2011, the available solar PV production was …… MW whereas the demand for the same has been ……….MW only.

MW

Globally, the semiconductor industry generated revenues worth US$..........billion in 2012 thereby registering a decline of US$...... billion or …….% as compared to the sales of US$....... billion recorded in 2011. As of May 2012, China claimed the top position with a significant …..% share in the solar wafer production.

Total Capacity

Total available PV production

Solar PV Demand

Global Semiconductor Revenues (2010-2012)

Japan’s silicon wafer revenues amounted US$.... billion approximately in 2011, witnessing a decline of US$.... million or ….% as compared to the revenues generated by the industry in 2010.

Regional Solar Wafer Production (May 2012)

US$ Billion

)

China 2010

2011

2012

Japan

Taiwan

US

Germany

Other


The global polysilicon market is reasonably consolidated, with the top 4 producers’ viz. GCL, Wacker, Hemlock and OCI, anticipated to constitute a market share of ……% approximately, in 2012. Global Polysilicon Demand and Capacity Estimates (2012E-2015E)

Tonnes

Polysilicon Production Capacity (2012E)

GCL OCI MEMC Renesola

Wacker LDK Solar Tokuyama Others

Hemlock REC Daqo New Energy

2012E

2013E

2014E

2015E

Polysilicon capacities available to solar industry Solar industry demand for polysilicon

Solar PV Regional Demand Estimates (2012E & 2013E)

%

The key players on the global front of the polysilicon market include Hemlock Semiconductor Corporation, Renewable Energy Corporation ASA, Wacker Chemie AG, Mitsubishi Polycrystalline Silicon America Corporation, Mitsubishi Materials Corporation, Tokuyama Corporation, and MEMC Electronic Materials, Inc. It is anticipated that at the end of 2012, the capacity for the production will be …….kt of polysilicon per annum, while demand from the solar and semiconductor markets combined will be close to ………kt, signifying that capacity utilization rate will be approximately ………….% in 2012

2012E

Germany

China

In regional terms, Germany, China and the US are poised to be the leading regions in 2012 and 2013, anticipated to account for roughly ………..% of the global solar PV demand, collectively

2013E

US

Japan

ROE

ROW

Note: Market attractiveness is inverse of penetration. Low penetration means high attractiveness and vice-versa


Table of Contents

List of Charts & Tables List of Charts

1. Overview 1.1 Polysilicon Manufacturing Process 1.2 Wafer Manufacturing Process 1.3 Cells and Modules Manufacturing 2. Market Size 2.1 Polysilicon Industry -Market Overview -Polysilicon Supply -Production/Consumption by Region 2.2 Polysilicon Industry by Region 2.2.1 Japan -Production Volume -Sales Volume -Sales Value

2.2.2 China -Imports/Exports -Imports by Region -Exports by Region 2.3 Solar PV Industry -Solar PV Demand/Available PV Production/Capacity -Regional Demand -PV Panel Production by Region 2.4 Semiconductor Industry 2.4.1 Wafer Production -Regional Breakdown

Manufacturing Process of Polysilicon Silicon Wafer Manufacturing Process Polysilicon End Markets (September 2012) Global Polysilicon Supply (2007-2011) Polysilicon Production by Region (May 2012) Polysilicon Consumption (January 2013) Japan’s Polysilicon Production Volume (2007-2011) Japan’s Polysilicon Sales Volume (2007-2011) Japan’s Polysilicon Sales Value (2007-2011) China’s Polysilicon Imports (January 2012-August 2012) China’s Polysilicon Imports’ Breakup by Region China’s Polysilicon Exports (January 2012-August 2012) China’s Polysilicon Exports’ Breakup by Region Global Solar PV Demand, Total Available PV Production and Capacity (2010 & 2011) Solar PV Regional Demand (2011) Global PV Panel Production by Region (2011) Solar PV Capacity- Tiers (2010 & 2011) Solar PV New Installed Capacity in Germany (2011 & 2012) Global Semiconductor Revenues (2010-2012) Global Semiconductor Sales (January 2010-January 2013) Regional Solar Wafer Production (May 2012) Japan’s Silicon Wafer Revenues (2007-2011) Japan’s Silicon Wafer Statistics (2007-2011) Japans’ Silicon Wafer- more than 300mm, Statistics (2007-2011) Japans’ Silicon Wafer- 200mm, Statistics (2007-2011) Solar Grade Polysilicon Spot Prices (January 2012-January 2013) Solar Module Prices (January 2012-January 2013) Global GDP (2001-2011) Polysilicon Production Capacity (2012E) Tier 1 Solar PV Production Capacity Share by Company (2012E) Wacker Chemie’ Revenue Share by Business Segments (2012) Wacker Chemie’s Revenues and Net Income (2009-2012) REC’s Revenue Share by Business Segments (2012) REC’s Revenues and Net Profit/Loss (2009-2012)


3. Market Dynamics 3.1 Industry Trends and Developments 3.1.1 World’s Solar Photovoltaic Capacity Surpassed 100Gigawatt 3.1.2 Establishment of Strategic Alliances 3.1.3 Formulation of Dye sensitized solar cells (DSSCs) 3.1.4 Declining Spot Prices of Polysilicon and Solar Module 3.2 Growth Drivers 3.2.1 Rise in Solar Cell Demand 3.2.2 Growth in Semiconductor Market 3.2.3 Growing Global Economy

3.3 Challenges 3.3.1 Trade Dispute between Europe and China 3.3.2 Oversupply in the Industry 3.3.3 Heavy Capital Requirements 4. Competitive Landscape -Competitive Overview -Polysilicon Production Capacity 5. Company Profile 5.1 Wacker Chemie AG 5.1.1 Business Overview 5.1.2 Financial Overview 5.1.3 Business Strategies -Focus on R&D Activities -Technical Competence

5.2 Renewable Energy Corporation ASA (REC) 5.2.1 Business Overview 5.2.3 Financial Overview 5.2.3 Business Strategies -Focus on Research & Development -Sustainable Development

List of Charts Revenues and Net Income of GCL (2009-2012) Hemlock’s Ownership Structure (2012) Polysilicon Demand and Capacity Estimates (2012E-2015E) Solar PV Regional Demand Estimates (2012E & 2013E) Global Solar PV Demand, Total Available PV Production and Capacity Estimates (2012E & 2013E) Solar PV Capacity-Tiers Estimates (2012E & 2013E) China’s Solar PV and Wafer Capacity Estimates (2012E & 2013E) Taiwanese Solar PV and Wafer Capacity Estimates (2012E & 2013E) Japanese Solar PV Manufacturing Capacity Estimates (2012E & 2013E) Korean Solar PV and Wafer Capacity Estimates (2012E & 2013E) U.S. Solar PV Manufacturing Capacity Estimates (2012E & 2013E) Europe’s Solar PV and Wafer Capacity Estimates (2012E & 2013E) India’s Solar PV Manufacturing Capacity Estimates (2012E & 2013E)

List of Tables Polysilicon Production Capacity (2010-2013F) Solar PV Production Capacity (2010-2013F) Chinese Solar PV and Wafer Capacity Estimates- by Company (2012E & 2013E) Taiwanese Solar PV and Wafer Capacity Estimates- by Company (2012E & 2013E) Japanese Solar PV Capacity Estimates- by Company (2012E & 2013E) Korean Solar PV and Wafer Capacity Estimates- by Company (2012E & 2013E) US Solar PV Capacity Estimates- by Company (2012E & 2013E) Europe’s Solar PV and Wafer Capacity Estimates- by Company (2012E & 2013E) India’s Solar PV Capacity Estimates- by Company (2012E & 2013E)


5.3 GCL 5.3.1 Business Overview 5.3.2 Financial Overview 5.3.3 Business Strategies -Management of Risk -Transparent Flow of Information 5.4 Hemlock Semiconductor 5.4.1 Business Overview 5.4.2 Business Strategies -Stringent Quality Control -Focus on Sustainability 6. Market Outlook -Global Polysilicon Demand & Capacity Estimates -Solar PV & Wafer Capacity Estimates -Regional Analysis -China -Japan -Taiwan -Korea -India -US -Europe


View Report Contact Us:Details These are abridged and sanitized sample pages from the comprehensive report on the “Global Polysilicon Market”. To know more about this report or for any customized research requirement, please contact the following:

Koncept Analytics

Vikas Gupta BD Manager

CS-36, Second Floor, Ansal Plaza Vaishali, Ghaziabad, U.P. – 201010 T. +91-120-4130959 C: +91-9811715635 vikas@konceptanalytics.com

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Global Polysilicon Market Report: 2013 Edition- Koncept Analytics