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TABLE OF CONTENTS
1.
Japan Polysilicon Industry Introduction
2.
Japan Polysilicon Market Size
3.
2.1.
By Production and Demand by Volume, 2008-2013
2.2.
By Revenue, 2008-2013
Japan Polysilicon Market Segmentation
3.1.
By Solar and Semiconductor Grade (Demand by Volume), 2013
3.2.
By End User Industries (Production by Volume), 2011-2013
4.
Trends and Developments in Japan Polysilicon Market
5.
Growth Drivers of Japan Polysilicon Industry
6.
Challenges of Japan Polysilicon Industry
7.
Market Share of Major Companies in Japan Polysilicon Market, 2013
8.
Company Profile of Major Players in Japan Polysilicon Industry
8.1.
Tokuyama Corporation
8.1.1.
Business Overview
8.1.2.
Business Strategies
8.1.3.
Key Performance Indicators
8.2.
M. Setek Private Limited
8.2.1.
Business Overview
8.2.2.
Business Strategies
8.3.
Osaka Titanium Technologies
8.3.1.
Business Overview
8.3.2.
Business Strategies
8.3.3.
Key Performance Indicators
8.4.
Mitsubishi Materials Corporation
8.4.1.
Business Overview
8.4.2.
Business Strategies
8.4.3.
Key Performance Indicators
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9.
Comparative Analysis of Japan Polysilicon Industry with Developed Economies
10.
Government Initiatives and Regulations on Japan Polysilicon Industry
11.
Japan Polysilicon Industry Future Outlook and Projections, 2014-2018
11.1.
By Revenue, 2014-2018
11.2.
By Production Volume, 2014-2018
11.3.
Cause and Effect Relationship Between The Industry Factors and Polysilicon Market in Japan
12.
Macroeconomic Variables
12.1.
Photovoltaic Industry Size in Japan, 2008-2018
12.2.
Solar Power Capacity in Japan, 2008-2018
12.3.
Gross Domestic product of Japan
12.4.
Policies and Trade Measures Implemented By Government of Japan
13.
Appendix
13.1.
Market Definitions
13.2.
Abbreviations
13.3.
Research Methodology
Data Collection Methods
Approach
Variables (Dependent and Independent)
Final Conclusion
13.4.
Disclaimer
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LIST OF FIGURES
Figure 1: Global Polysilicon Market Size by Revenue in USD Million, 2008-2013
Figure 2: Global Polysilicon Production across Major Countries in the World in Percentage (%), 2012
Figure 3: Japan Polysilicon Market Size on the Basis of Production and Demand by Volume in Tons,
2008-2013
Figure 4: Japan Polysilicon Market Size on the Basis of Revenue in USD Million, 2008-2013
Figure 5: Japan Polysilicon Industry Market Segmentation by Different Types of Grades of Polysilicon on
the Basis of Total Demand of Polysilicon in Japan in Percentage (%), 2013
Figure 6: Market Share of Major Companies in Japan Polysilicon Industry on the Basis of Total
Production Volume in Percentage (%), 2013
Figure 7: Tokuyama Corporation Global Revenue in USD Million, 2008-2013
Figure 8: Contribution to Revenue by Different Business Units of Tokuyama Corporation in Percentage,
2013
Figure 9: Global Revenue Break Up of Osaka Titanium Technologies by Business Divisions, 2013
Figure 10: Osaka Titanium Technologies Global Revenue in USD Million, 2008-2013
Figure 11: Osaka Titanium Technologies Operating Income in USD Million, 2008-2013
Figure 12: Mitsubishi Materials Corporation Global Revenue in USD Million, 2008-2013
Figure 13: Electronic and Materials Component Business Revenue of Mitsubishi Materials Corporation in
USD Million, 2008-2013
Figure 14: Japan Polysilicon Industry Future Projection on the Basis of Revenue in USD Million, 20142018
Figure 15: Japan Polysilicon Industry Future Projection on the Basis of Production Volume in Tons,
2014-2018
Figure 16: Japan Photovoltaic Industry Installed Capacity in Megawatts (MW), 2008-2018
Figure 17: Japan Solar Power Capacity in Megawatts (MW), 2008-2018
Figure 18: Japan GDP in USD Million, 2008-2018
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LIST OF TABLES
Table 1: Japan Polysilicon Industry Market Segmentation by Different Types of Grades of Polysilicon on
the Basis of Demand in Tons in Japan, 2011-2013
Table 2: Japan Polysilicon Industry Market Segmentation by Different End User Industries of Polysilicon
on the Basis of Production in Tons in Japan, 2011-2013
Table 3: Production Volume of Polysilicon of Major Companies in Japan in Tons, 2013
Table 4: Revenue of Osaka Titanium Technologies by Different Regions in USD Million, 2011-2013
Table 5: Cause and Effect Relationship Analysis between Industry Factors and Expected Prospects of
Japan Polysilicon Market
Table 6: Correlation Matrix of Japan Polysilicon Market
Table 7: Regression Coefficients Output
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JAPAN POLYSILICON MARKET SIZE
BY PRODUCTION AND DEMAND BY VOLUME, 2008-2013
The production volume of polysilicon in Japan grew at a remarkable CAGR of 20.5% during the
period 2008-2013. The production has gone up from ~ tons in 2008 to ~ tons in 2013. During the
period 2008-2011 the market has grown at a rapid rate in terms of polysilicon produced. There
has been an increase of 82.5% in the production volume in 2011. The reason for this spectacular
growth has been the expansion of the production capacity by the manufacturers due to high
growth in the demand for polysilicon. The demand for polysilicon in Japan increased from ~ tons
in 2012 to nearly about ~ tons in 2013. The improving conditions of the polysilicon market and
entry of new players in the market have contributed to the rise in the demand for polysilicon in
Japan…
Figure: Japan Polysilicon Market Size on the Basis of Production and Demand by Volume
in Tons, 2008-2013
2013
2012
2011
2010
2009
2008
0.0
5,000.0
10,000.0
Demand Volume (Tons)
15,000.0
20,000.0
25,000.0
Production Volume (Tons)
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BY REVENUE, 2008-2013
The Japan Polysilicon market has been growing at a negative CAGR of 4.6% from 2008 to 2013
in terms of revenue. The revenue generated by the polysilicon market in Japan has decreased
from USD ~ million in 2008 to USD ~ million in 2013. The major reasons responsible for a
negative growth rate during 2010-2013 has been the problem of oversupply posing a challenge to
the polysilicon manufacturers in the market. The problem of oversupply initiated in 2010 and
had its major impact in 2012 as it led to imbalance in the demand and supply of polysilicon in
Japan. The revenue of the polysilicon market declined from USD ~ million in 2011 to USD ~
million in 2011…
Figure: Japan Polysilicon Market Size on the Basis of Revenue in USD Million, 2008-2013
30.0%
900.0
800.0
20.0%
10.0%
Percentage(%)
USD Million
700.0
600.0
500.0
0.0%
400.0
-10.0%
300.0
-20.0%
200.0
-30.0%
100.0
0.0
-40.0%
2008
2009
2010
Revenue in USD million
2011
2012
2013
Growth rate (%)
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JAPAN POLYSILICON MARKET SEGMENTATION
BY SOLAR AND SEMICONDUCTOR GRADE (IN TERMS OF
DEMAND VOLUME), 2013
…The semiconductor grade polysilicon is used in chip applications used for manufacturing
semiconductors in various products. The major difference between the two grades is based on
purity. The purity level in electronic grade is much higher than in the solar grade polysilicon.
This is the reason for high costs of extraction for the semiconductor grade polysilicon as it goes
through several stages of purification.
Solar energy is one of the most cost effective renewable energy sources in the world. Solar grade
contributes majorly to the total revenue generated by the polysilicon market in Japan. It
contributes nearly ~% to the total demand of polysilicon in Japan…
Table: Japan Polysilicon Industry Market Segmentation by Different Types of Grades of
Polysilicon on the Basis of Demand in Tons in Japan, 2011-2013
Grades of Polysilicon
2011
2012
2013
Solar Grade
Semiconductor Grade
Total Demand of Polysilicon in Japan
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BY END USER INDUSTRIES (IN TERMS OF PRODUCTION
VOLUME), 2011-2013
The end user industries of polysilicon in Japan can be broadly classified into solar industry and
semiconductor industry. The solar industry is not only limited to solar cells but also takes into
account the various products which work on solar energy in Japan. The solar energy is being
considered the most popular renewable and effective source of energy in Japan. However, the
production of the solar industry has declined from ~ tons in 2011 to nearly about ~ tons in 2012.
This has been mainly on the account of the problem of overcapacity and shallow forecasting of
polysilicon in Japan…
Table: Japan Polysilicon Industry Market Segmentation by Different End User Industries
of Polysilicon on the Basis of Production in Tons in Japan, 2011-2013
End User Industries of Polysilicon
2011
2012
2013
Solar Industry
Semiconductor Industry
Total Production in Japan
MARKET SHARE OF MAJOR COMPANIES IN JAPAN
POLYSILICON MARKET, 2013
The Japan polysilicon industry was valued at nearly USD ~ million in 2013. The polysilicon
market in Japan is largely dominated by the companies such as Tokuyama Corporation, M Setek
Pvt. Ltd, Osaka Titanium Technologies and Mitsubishi Materials Corporation…
Table: Production Volume of Polysilicon of Major Companies in Japan in Tons, 2013
Major Companies in Japan Polysilicon Industry
Production Volume in Tons
Tokuyama Corporation
M. Setek
Osaka Titanium
Mitsubishi Materials
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Total
COMPANY PROFILE OF MAJOR PLAYERS IN JAPAN
POLYSILICON INDUSTRY
TOKUYAMA CORPORATION
KEY PERFORMANCE INDICATORS
Tokuyama Corporation is one of the major players in the Global Polysilicon Industry and
dominates the Japan Polysilicon Market as well. The revenue of Tokuyama has decreased over
time declining from USD ~ million in 2008 to USD ~ million in 2013. The major fall in the
revenues has been witnessed during 2011-2013. The revenue has gone down from USD ~
million in 2011 to USD ~ million in 2013…
Figure: Tokuyama Corporation Global Revenue in USD Million, 2008-2013
3,000
2,900
USD Million
2,800
2,700
2,600
2,500
2,400
2,300
2,200
2008
2009
2010
2011
2012
2013
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COMPARATIVE ANALYSIS OF JAPAN POLYSILICON
INDUSTRY WITH DEVELOPED ECONOMIES
The global polysilicon demand includes the demand from the photovoltaic industry as well as the
semiconductor industry. The photovoltaic industry accounts for almost 90% demand of
polysilicon and the rest is from the semiconductor industry. The global polysilicon demand is
anticipated to be around ~ tons in 2014. This is because of the rise in the price of polysilicon,
new entrants in the market and some of the old manufacturers restarting their operations, as the
market for polysilicon would stabilize in the short run. China, United States and Japan have been
the leading players in the global polysilicon market and account for nearly 50% of the total
production of polysilicon in the world…
JAPAN POLYSILICON INDUSTRY FUTURE OUTLOOK
AND PROJECTIONS, 2014-2018
Japan is one of the most developed markets for energy and power in the world. A few years
back, renewable energy was holding a very small share in the overall energy production of Japan
because it was being considered as an expensive source of energy. However, as the nuclear
power stations and plants were shut down based on the fear of the accident which took place at
the Fukushima Daiichi plant in Japan, renewable energy became the most popular alternative.
The government of Japan and the private sector has employed a number of policies and reforms
in order to boost the renewable energy position in Japan. Government aims to increase the share
of renewable energy in the total power production to about 25% by 2020…
BY REVENUE, 2014-2018
The revenue generated by the Japan polysilicon industry is projected to reach USD ~ million by
2018 from USD ~ million in 2013, growing at a CAGR of nearly 5.3% during the period. The
increase in the revenue will be on account of implementation of the various schemes and policies
by the government related to renewable energy in the country which would lead to the rise in the
demand for polysilicon in Japan. The policies and schemes mainly target the largest growing
renewable energy source i.e. solar energy with an aim to boost the use of renewable energy to
nearly 25% of total power produced by 2020…
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Figure: Japan Polysilicon Industry Future Projection on the Basis of Revenue in USD
Million, 2014-2018
900.0
800.0
USD Million
700.0
600.0
500.0
400.0
300.0
200.0
100.0
0.0
2014
2015
2016
2017
2018
BY PRODUCTION VOLUME, 2014-2018
The production volume of Japan polysilicon industry is projected to reach to ~ tons in 2018 from
~ tons in 2013, growing at a CAGR of nearly 9% during the period. This growth in the
production volume will be mainly on account of improving overcapacity conditions in the Japan
polysilicon industry. The major policies employed by the government authorities and an
effective implementation of it on all the levels of production with the help of the private sector
has majorly contributed in restoring the demand supply balance in the Japan polysilicon
industry…
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