Solar Market and Cost Analysis
3,000
Planned Polysilicon
Capacity Expansions
China's polysilicon production increased 66% in 2022 compared with 2021, and its
production capacity may double in 2023.
BloombergNEF estimates polysilicon capacity in 2023 is equivalent to 500 GW of
modules, and projected demand is 320 GW.
Global Annual Polysilicon Manufacturing Capacity
In comparison, non-China polysilicon capacity has yet to
fully recover from the closing of South Korean capacity in
2019 and is not expected to expand significantly in 2023.
Non-China Annual Polysilicon Manufacturing Capacity
$2,500
€2,000
1,500
1,000
500
Manufacturing Capacity (kilotonnes)
2014
2015
2016
2017
2018
2019
2020
2021
2022
mid-Construction
Announced
Source: BloombergNEF 2022, PV Magazine (1/4/23); PV Tech (1/9/23, 1/12/23)
■Other
Japan
Malaysia
United States
■South Korea
Germany
■China
300
250
200
150
100
Manufacturing Capacity (kilotonnes)
50
2017
2018
2019
2020
2021
2022
mid-Construction
Announced
Other
Iceland
Japan
■Malaysia
United States
South Korea
Germany
NREL 39View entire presentation