Global Silicon Carbide (SiC) Fibers Market to Reach $2,519.2 Million by 2031

In 2018, the consumption of industrial silicon in China reached 1.56 million tons, increasing by 9.90% YOY. The industrial silicon used in aluminum alloys and organosilicon showed YOY increases of 11.10% and 8.30% respectively, accounting for 75% of the industrial silicon consumption in China. As affected by the Circular on Issues Concerning Photovoltaic Power Generation in 2018, the production volume of polysilicon fell in the second half of 2018. However, driven by the expanding production capacity and production volume of polysilicon, the industrial silicon used in polysilicon grew by 9.70% YOY, accounting for 21.80% of the industrial silicon consumption in China. Overall, the growth of domestic demand for industrial silicon slackened and fell short of expectations. Besides, the export volume of industrial silicon decreased to 815,000 tons by 1.50% YOY, accounting for 34.20% of the domestic production volume and satisfying 43.40% overseas demand.

Silicon Carbide (SiC) Fibers Market – A Global and Regional Analysis: Focus on Aerospace and Other Industries, Fiber Type, Usage, Application, and Countries – Analysis and Forecast, 2021-2031

In 2018, China’s industrial silicon industry became less profitable because of multiple factors. According to CRI, the prices of industrial silicon electrodes, reducing agents and silica dropped by 750 CNY/ton, 260 CNY/ton and 220 CNY/ton respectively while the average market price of industrial silicon fell by 1,500 CNY/ton to 2,400 CNY/ton. As product prices fell more sharply than production costs, most industrial silicon producers just managed to break even or made a loss.

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The post Overview of Development of China’s Industrial Silicon Industry in 2018 first appeared on CRI Report.