Executive summary

Global hiking price of oil, as well as alarming energy crisis, push rapid development of renewable energies around the world, with solar energy an outstanding one. Driven by global booming solar energy, China's solar cell production has developed rapidly in past three years, with output CAGR of 144% from 2007 to 2009. However, domestic supply of polysilicon, key raw material of solar cell, has heavily depended on import (78.46% in 2008), due to high cost and small output caused by immature technology.

Strong demand for solar cell and high profit rate attract increasing enterprises to engage in polysilicon production in China after 2007. Polysilicon output for 2009 is estimated to reach 12,500 tonnes and the supply in 2010 is expected to meet the demand with new capacity release. What's the influence of this change will be exerted on China's status in global solar PV industry? Will China's soaring polysilicon output influence price or profit of international polysilicon manufacturers, such as MEMC Electronic Materials Inc. and Huku Material Inc. What change will arise for China's main polysilicon suppliers?

As overseas experiences demonstrate, sustainable development of polysilicon relies on solar PV advance, and the latter's growth is greatly driven by governmental policy on feed-in tariff, thus a fresh focus comes to following outlook: what is China's attitude towards feed-in tariff? Will China's PV market still depend on overseas' and how is the growing momentum in the following years?

Moreover, owing to lack of national long-term plan for polysilicon development, China's polysilicon industry is facing many problems, such as overcapacity, lack of core production technology and ineffective technology in tail gas treatment, all of which have severely dragged sustainable development of polysilicon. With great technology breakthroughs in recent two years, what's the potential change in the future?

This report will unveil penetration of above focuses, and to further explore these intelligences, key aspects will be presented as follows:

What are reasons for rapid development of polysilicon industry?
What are main problems in polysilicon industry?
What is influence of latest policies on future polysilicon development?
How does competitive landscape of different solar cells present?
How does interaction between polysilicon and solar PV industry function?
What are opportunities from future polysilicon industry?
What are profiles of major polysilicon producers and end users together with discussion on their key business strategies?

Table of Contents

I Overview of polysilicon industry in China
II Soaring capacity and existent problems
II-1 Capacity and output
II-2 Key producers
II-3 Resources for polysilicon production
II-4 Main problems in polysilicon industry
III Influencing factors from government
IV Trade analysis on polysilicon
V Competition among polysilicon, monocrystalline silicon and non-crystalline silicon market in China
V-1 Polysilicon consumption situation
V-2 Competition from monocrystalline silicon and non-crystalline silicon
VI Market outlook of solar PV industry/Renewable energy industry
VI-1 Forecast on polysilicon production to 2013
VI-2 Position change of China's solar PV
VII Market outlook of polysilicon in China's solar PV industry 
VII-1 Interaction between polysilicon and solar PV
VII-2 Outlook of polysilicon application in solar PV industry
VII-2-1 Development of China's solar cell industry
VII-2-2 Consumption of polysilicon
VIII Competition and opportunity
IX Profile
IX-1 Key producers
IX-1.1 Jiangsu Zhongneng Polysilicon Technology Development Co., Ltd.
IX-1.2 Sichuan Xinguang Silicon Science and Technology Co., Ltd.
IX-1.3 Jiangxi LDK Solar Hi-Tech Co., Ltd.
......
IX-1.12 Henan Xuntianyu Technology Co., Ltd.
IX-1.13 Sichuan Yongxiang Co., Ltd.
IX-2 Key end users
IX-2.1 Wuxi Suntech Power Co., Ltd.
.....
IX-2.7 Canadian Solar Inc.

LIST OF TABLES

Table 1 Exchange rate of USD against RMB, 2004-2009
Table II-1-1 Comparisons of Chinese and overseas polysilicon industries
Table II-1-2 Key foreign polysilicon producers, 2009
Table II-2-1 Domestic key active polysilicon producers, as of Oct. 2009
Table II-2-2 Domestic key potential polysilicon producers, as of Oct. 2009
Table IV-1 Import and export situation of silicon products under HS code 28046190, 2004-2009
Table V-2-1 Comparisons between polysilicon and non-crystalline silicon, as of Oct. 2009
Table V-2-2 Market share of non-crystalline silicon solar cell, 2006-2008
Table VII-1-1 Price of polysilicon and its unit cost in solar cell, 2005-2009
Table VII-1-2 Market share of solar cell with different silicon as raw material, 2008
Table VII-2-1-1 Domestic crystalline silicon solar cell production, as of Oct. 2009
Table VII-2-1-2 Domestic non-crystalline silicon solar cell production, as of Oct. 2009

LIST OF FIGURES

Figure II-1-1 Change of polysilicon capacity and output, 2002-2009
Figure V-1-1 Consumption situation of polysilicon, 2004-2008
Figure V-2-1 Output growth rate of polysilicon solar cell, monocrystalline silicon solar cell and non-crystalline silicon solar cell, 2002-2008
Figure VI-1-1 Forecast on polysilicon capacity and output, 2009-2013
Figure VII-1-1 Output growth rate of polysilicon and solar cell, 2002-2008
Figure VII-2-1-1 Output of polysilicon solar cell, 2003-2008
Figure VII-2-1-2 Forecast on output of polysilicon solar cell, 2009-2013
Figure VII-2-2-1 Consumption of polysilicon in solar cell, 2002-2008
Figure VII-2-2-2 Forecast on polysilicon output and demand, 2009-2013