1. Global Polysilicon Market ----------------------------------------------------- 2014 View Report Details

2. 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. View Report Details 3. Polycrystallion silicon, commonly known as polysilicon, is a hyper-pure form of silicon and is earths 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. Polysilicon End Market (2013) Overcapacity in Polysilicon Industry (2009-2013E) Global Polysilicon Production (2005-2013E) 2007 2008 2009 2010 2011 2012 MW 2005 2006 2007 2008 2009 2010 2011 2012 2013E 000Tonne Semiconductor Solar 4. 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. Global Polysilicon Industry Cost Curve (2013) Polysilicon Capacity Breakdown by Tier (2013) Global Polysilicon Demand (2007-2013E) 2006 2007 2008 2009 2010 2011 2012 2013E GW TopProd. 1 TopProd. 2 TopProd. 3 TopProd. 4 Small VerySmall US$/KG Tier 1 Tier 2 Tier 3 5. The key factors driving the growth of the polysilicon industry are solar cell market, semiconductor industry and accelerating global economy. 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 (2007-2015E) Global Solar PV Demand Breakdown (2013) Japans Sales Value of Polysilicon (2007-2012) China Japan Rest of Europe The US Germany Italy India Australia Others 2007 2008 2009 2010 2011 2012 000Tonne 2007 2008 2009 2010 2011 2012 2013 2014E 2015E GW 6. Some of the noteworthy trend and developments of polysilicon industry are decreasing production cost, stabilizing prices and strong growth rate in the solar market. 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 2013E 2014E 2015E 2016E 2017E GW Overcapacity in Polysilicon Industry (2013E-2017E) 2013E 2014E 2015E 2016E 2017E GW Global Polysilicon Demand (2013E-2017E) 7. Table of Contents 1. Overview 1.1 Applications of Polysilicon 1.2 Manufacturing Process of Polysilicon 1.3 Types of Polysilicon 1.3.1 Electronic-grade Silicon (9N) 1.3.2 Medium-grade Silicon (6-7N) 1.3.3 Upgraded Metallurgical-grade Silicon (> 5N) 2. Polysilicon Market Analysis 2.1 Global Market -Production Volume -Capacity Utilization -Demand Growth -Overcapacity -Price Trend 2.2 Regional Markets 2.2.1 China -Market Overview -Total Imports -Imports by Region List of Charts Manufacturing Process of Polysilicon Polysilicon End Market (2013) Global Polysilicon Production (2005-2013E) Global Polysilicon Capacity and Capacity Utilisation (2005-2013E) Polysilicon Capacity Breakdown by Tier (2013) Global Polysilicon Demand (2007-2013E) Overcapacity in Polysilicon Industry (2009-2013E) Polysilicon Spot Prices (June 2010-November 2013) Global Polysilicon Industry Cost Curve (2013) Chinas Solar Market (2011-2014E) Chinas Polysilion Imports (2010-2013) Chinas Polysilicon Imports: by Regions (Q113-Q413) Japans Polysilicon Production Volume and YOY Growth (2007-2012) Japans Polysilicon Sales Volume and YOY Growth (2007-2012) Japans Sales Value of Polysilicon (2007-2012) Japans 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 8. 2.2.2 Japan -Production Volume -Sales Volume -Sales Value 3. End-Markets of Polysilicon 3.1 Solar PV Market 3.1.1 Global Market -Demand Growth -Regional Breakdown 3.1.2 China 3.1.3 The US 3.1.4 Japan 3.2 Semiconductor Industry -Industry Revenues -Market Segmentation -Regional Breakdown 4. Market Dynamics 4.1 Industrial Trends & Developments 4.1.1 Decreasing Production Cost 4.1.2 Stabilizing Polysilicon Prices 4.1.3 Strong Growth Rate in Solar Market Semiconductor Revenue by Product Category (2013) Semiconductor Sales by Region (2012-2013) Semiconductor Revenue breakdown by Region (2013) Global GDP (2005-2012) Global Polysilicon Production Share Breakdown by Company (2013) Polysilicon Production Capacity and Production Cost by Players (2013) Wacker Chemie Revenue Share by Business Segments (2013) Wacker Chemies Revenue and Net Income (2007-2013) REC Silicon ASAs Revenue (2009-2013) GCLs Revenue Share by Business Segments (2013) Revenues and Net Income of GCL (2009-2013) SunEdisons Business Segment Share by Net Sales (2013) SunEdisons Business Segment Share by Net Sales (2013) SunEdisons 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) Overcapacity in Polysilicon Industry (2013E-2017E) 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) 9. 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 -6.2.2 Financial Overview -6.2.3 Business Strategies --Ceaseless Focus on R&D --Sustainable Development -6.3 GCL -6.3.1 Business Overview -6.3.2 Financial Overview -6.3.3 Business Strategies --Establishing New Power Plants -- Expansion through Acquisitions List of Tables Chinese Polysilicon Import Tariffs by Company (2013) Top Semiconductor Companies by Revenue (2012-2013E) 10. -6.4 SunEdison -6.4.1 Business Overview -6.4.2 Financial Overview -6.4.3 Business Strategies --International Marketing -New Product Development 7. Market Outlook 7.1 Global Polysilicon Market -Demand -Capacity -Production -Overcapacity -Price 7.2 Factors Affecting Polysilicon Market 7.2.1 Solar Market 7.2.2 Solar Cell 7.2.3 Solar Module 7.2.4 Thin Film Module 7.2.5 Wafer 11. Koncept Analytics CS-36, Second Floor, Ansal Plaza Vaishali, Ghaziabad, U.P. 201010 T. +91-120-4130959 C: +91-9811715635 vikas@konceptanalytics.com Contact Us: www.konceptanalytics.com Vikas Gupta BD Manager 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: View Report Details