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.

(1) The industry scale grew steadily. In 2017, the production volume of polysilicon was 242,000 tons, increasing by 24.7% YOY; the wafer production reached  87 GW, going up by 34.3% YOY; the solar cell output was 68 GW, with an increase of 33.3% YOY; the solar module output reached 76 GW, increasing by 31.7% YOY. The production scale of each joint along the industry chain accounted for more than 50% of the world’s total, ranking first in the world.

Related report: Research Report on China’s Solar Polysilicon Industry, 2018-2022

(2) The technology constantly improved. The P-type single-crystal and polycrystalline cell technologies continued develop. The average conversion efficiency of regular production lines reached 20.5% and 18.8%, respectively, and could reach 21.3% and 19.2% if passivated emitter rear contact (PERC) and black silicon technologies were adopted. The polysilicon production techniques were further optimized and thus the average power consumption dropped below 70 kWh/kg.

(3) The production costs decreased significantly. Promoted by technological advancement, production automation and intelligent transformation, the production cost of polysilicon in leading Chinese enterprises dropped to CNY 60,000/ton, the production cost of modules dropped below CNY 2/W, and the investment cost for photovoltaic power generation systems fell to CNY 5 /W and the cost of electricity reduced to CNY 0.5-0.7/kWh.

Related report: Research Report on China’s Solar Polysilicon Industry, 2018-2022

(4) The corporate performance continued to improve. Because of the market size expansion, the shipment volume increased substantially. The improved technologies contributed to reducing the production costs, thus giving boosts to the profits of photovoltaic companies. The gross profit margin of silicon materials, silicon wafers, raw and auxiliary materials at the upstream and inverters and power stations at the downstream reached 45.8%, 37.34%, 21.8%, 33.54% and 50%, respectively.

(5) Foreign trade remained stable. From Jan. 2017 to Nov. 2017, China’s total export value of photovoltaic products was USD 13.11 billion, increasing by 1.4% YOY; the import volume of polysilicon was 144,000 tons, with an increase of 17.3% YOY. Driven by the continued expansion of the global photovoltaic market, China increasingly exported photovoltaic products yet at falling prices. The growth rates of emerging markets increased as in Mexico, Brazil, and India. Among them, exports to India ranked first.

Related report: Research Report on China’s Solar Polysilicon Industry, 2018-2022

The post Operation Analysis on China’s Polysilicon Industry in 2017 first appeared on CRI Report.

1 Photovoltaics Project Investment

It was generally believed that before fair price was set for solar electricity, the 11GW installation of Jun, 2016 and 22GW new installed capacity of the first half of 2016 were unsurpassable.

However, new records created in 2017 was 13.15 GW installation of Jun and 24GW new installed capacity of the first half year

2 Distributed Photovoltaics Project Investment

Due to “Bright Project” started in 2002, “Golden Sun Project” started in 2009, various subsidies given by provincial governments after ““Eight Real Estate Market Regulation Measures” was published, new installed capacity of distributed photovoltaics during 15 years was 10.32GW by the end of 2016.

In First half of 2017, new installed capacity of distributed photovoltaics was 7GW. It is estimated that it will reach 7GW in the last half year and 14 in the whole year, over tripling that of 2016 and exceeding the capacity of the past 15 years.

3 Household Photovoltaics Project

It is preliminarily estimated that new installed capacity of household photovoltaics in 2017 has septupled YOY. Double is not a problem, we almost triple the overall installation capacity!

4 Upstream Manufacture Industry Expansion

The heat of downstream is passed to the upstream.

According to specialist, production of silicon materials will expand for over 20% and production capacity of components will probably reach 90GW by the end of the year.

5 Export Market

American market increases its procurement volume for “US Section 201”. Surging market in India becomes the largest export destination of Chinese photovoltaics products. Many exporters say they have many export orders in hands. In a word, export market is in full swing.

Reference:

Research Report on China Polysilicon Industry, 2017-2021

Export to emerging markets like India, Turkey, Chile and Pakistan significantly increased while that of occident traditional markets decline to below 30%.

The post Hot Spots in China’s Photovoltaics Market, 2017 first appeared on CRI Report.

China’s leading photovoltaic enterprises terminated the European Union’s MIP agreement and built plants in Thailand, Vietnam and Malaysia or sought OEM cooperation so as to export to Europe without paying tax. The European Commission made an announcement on June 1 this year to confirm officially that Shanghai BYD Co., Ltd. and Yingli Solar Co., Ltd. (China) exited MIP. There has been 31 photovoltaic export enterprises chose to or were forced to exit the European Union’s MIP.

Market by export countries: India became China’s largest export market of photovoltaic modules, which accounted for 41.8% and grew substantially by 84%. The second to the fifth export markets are as follows (according to the proportion of export value): Japan (22.7%), Pakistan (4.8%), Australia (4.1%) and Brazil (3.6%). The Indian Market achieved 4.5-5 GW of installations in 2006, growing double YOY. It is estimated that its new installations will keep growing in 2017, being 8-9 GW, and it will become China’s largest photovoltaic export Market.

Reference:

Research Report on China Polysilicon Industry, 2017-2021

Export to emerging markets like India, Turkey, Chile and Pakistan significantly increased while that of occident traditional markets decline to below 30%.

The post Photovoltaic Export Market Presents a Trend of Diversity first appeared on CRI Report.