China’s polysilicon industry has a high degree of concentration, with the six largest companies accounting for 77% of the market share
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As the high-quality production capacity of leading enterprises comes online gradually, China’s polysilicon industry features a high degree of concentration; among them, Tongwei Group, Xinjiang Daquan, and Xinte Energy account for 15%, 14%, and 14% of the total production respectively. Jiangsu Zhongneng, Dongfang Hope, and GCL System each account for 13%, 13%, and 8% respectively.
Due to strong demand for polysilicon in downstream industries, China’s imports of polysilicon far exceed its exports. In recent years, as domestic enterprises have continued to research and improve polysilicon technology, the production volume and share of domestically produced polysilicon have been increasing, while imports of polysilicon have shown a downward trend. Data shows that in 2021, China’s imports of polysilicon amounted to 114,200 tons, while exports totaled 10,400 tons.
Where is GCL Integrated’s polysilicon plant?