by The global polysilicon market size accounted for US$ 11.5 billion in 2023 and is projected to reach around USD 37.84 billion by 2033, growing at a CAGR of 12.70% from 2024 to 2033.
Key Points
- Asia Pacific dominated the market while holding 64% of the market share in 2023.
- By application, the solar PV segment held the largest share of the market while accounting for 77% of the market share in 2023.
- By application, the electronics (semiconductor) segment is expected to witness rapid expansion during the forecast period of 2024-2033.
Report Summary
The global polysilicon market report provides a Point-by-Point and In-Depth analysis of global market size, regional and country-level market size, market share, segmentation market growth, competitive landscape, sales analysis, opportunities analysis, strategic market growth analysis, the impact of domestic and global market key players, value chain optimization, trade regulations, recent developments, product launches, area marketplace expanding, and technological innovations.
The study offers a comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales in the polysilicon market across the globe.
A comprehensive estimate on the polysilicon market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of polysilicon during the forecast period. Price point comparison by region with global average price is also considered in the study.
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Polysilicon Market Scope
| Report Coverage | Details |
| Growth Rate from 2024 to 2033 | CAGR of 12.70% |
| Global Market Size in 2023 | USD 11.5 Billion |
| Global Market Size by 2033 | USD 37.84 Billion |
| Largest Market | Asia Pacific |
| Base Year | 2023 |
| Forecast Period | 2024 to 2033 |
| Segments Covered | By Application |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Key Highlights:
Reports Coverage: It incorporates key market sections, key makers secured, the extent of items offered in the years considered, worldwide containerized polysilicon market and study goals. Moreover, it contacts the division study gave in the report based on the sort of item and applications.
Market Outline: This area stresses the key investigations, market development rate, serious scene, market drivers, patterns, and issues notwithstanding the naturally visible pointers.
Market Production by Region: The report conveys information identified with import and fare, income, creation, and key players of every single local market contemplated are canvassed right now.
Also Read: Lithium Market Size to Cross USD 28.45 Billion by 2033
Market Players
The report includes the profiles of key polysilicon market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information, key development in past five years.
Recent Developments
- In June 2023, Wacker Chemie AG, a Munich-based company, declared its plan to double the amount of semiconductor-grade polysilicon it can clean. As a result, by early 2025, a new production line is expected to be installed at the Burghausen location. The site’s current capacity will be increased by well over 50% due to the new facility.
- In June 2023, a leading producer of high-purity polysilicon for the global solar PV industry, Daqo New Energy Corp., announced that production at its brand-new Phase 5A polysilicon 100,000 MT manufacturing plant in Baotou, Inner Mongolia, has reached maximum capacity. The company’s capacity for nameplate production has grown to 205,000 MT with the advent of Phase 5A.
Polysilicon Market Companies
- Qatar Solar Technologies
- OCI COMPANY Ltd.
- DAQO NEW ENERGY CO., LTD.
- REC Silicon ASA
- Tongwei Group Co., Ltd
- Tokuyama Corporation
- Wacker Chemie AG
- Xinte Energy Co., Ltd
- High-Purity Silicon America Corporation
- GCL-TECH
Segments Covered in the Report
By Application
- Solar PV
- Monocrystalline Solar Panel
- Multicrystalline Solar Panel
- Electronics (Semiconductor)
Regional Segmentation
- North America (U.S., Canada, Mexico)
- Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
- Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
- Latin America (Brazil and Rest of Latin America)
- Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)
Research Methodology
Secondary Research
It involves company databases such as Hoover’s: This assists us to recognize financial information, the structure of the market participants and industry’s competitive landscape.
The secondary research sources referred in the process are as follows:
- Governmental bodies, and organizations creating economic policies
- National and international social welfare institutions
- Company websites, financial reports and SEC filings, broker and investor reports
- Related patent and regulatory databases
- Statistical databases and market reports
- Corporate Presentations, news, press release, and specification sheet of Manufacturers
Primary Research
Primary research includes face-to-face interviews, online surveys, and telephonic interviews.
- Means of primary research: Email interactions, telephonic discussions and Questionnaire-based research etc.
- In order to validate our research findings and analysis, we conduct primary interviews of key industry participants. Insights from primary respondents help in validating the secondary research findings. It also develops Research Team’s expertise and market understanding.
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology (Premium Insights)
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Polysilicon Market
5.1. COVID-19 Landscape: Polysilicon Industry Impact
5.2. COVID 19 – Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Polysilicon Market, By Application
8.1. Polysilicon Market Revenue and Volume, by Application, 2024-2033
8.1.1. Solar PV
8.1.1.1. Market Revenue and Volume Forecast (2021-2033)
8.1.2. Monocrystalline Solar Panel
8.1.2.1. Market Revenue and Volume Forecast (2021-2033)
8.1.3. Multicrystalline Solar Panel
8.1.3.1. Market Revenue and Volume Forecast (2021-2033)
8.1.4. Electronics (Semiconductor)
8.1.4.1. Market Revenue and Volume Forecast (2021-2033)
Chapter 9. Global Polysilicon Market, Regional Estimates and Trend Forecast
9.1. North America
9.1.1. Market Revenue and Volume Forecast, by Application (2021-2033)
9.1.2. U.S.
9.1.2.1. Market Revenue and Volume Forecast, by Application (2021-2033)
9.1.3. Rest of North America
9.1.3.1. Market Revenue and Volume Forecast, by Application (2021-2033)
9.2. Europe
9.2.1. Market Revenue and Volume Forecast, by Application (2021-2033)
9.2.2. UK
9.2.2.1. Market Revenue and Volume Forecast, by Application (2021-2033)
9.2.3. Germany
9.2.3.1. Market Revenue and Volume Forecast, by Application (2021-2033)
9.2.4. France
9.2.4.1. Market Revenue and Volume Forecast, by Application (2021-2033)
9.2.5. Rest of Europe
9.2.5.1. Market Revenue and Volume Forecast, by Application (2021-2033)
9.3. APAC
9.3.1. Market Revenue and Volume Forecast, by Application (2021-2033)
9.3.2. India
9.3.2.1. Market Revenue and Volume Forecast, by Application (2021-2033)
9.3.3. China
9.3.3.1. Market Revenue and Volume Forecast, by Application (2021-2033)
9.3.4. Japan
9.3.4.1. Market Revenue and Volume Forecast, by Application (2021-2033)
9.3.5. Rest of APAC
9.3.5.1. Market Revenue and Volume Forecast, by Application (2021-2033)
9.4. MEA
9.4.1. Market Revenue and Volume Forecast, by Application (2021-2033)
9.4.2. GCC
9.4.2.1. Market Revenue and Volume Forecast, by Application (2021-2033)
9.4.3. North Africa
9.4.3.1. Market Revenue and Volume Forecast, by Application (2021-2033)
9.4.4. South Africa
9.4.4.1. Market Revenue and Volume Forecast, by Application (2021-2033)
9.4.5. Rest of MEA
9.4.5.1. Market Revenue and Volume Forecast, by Application (2021-2033)
9.5. Latin America
9.5.1. Market Revenue and Volume Forecast, by Application (2021-2033)
9.5.2. Brazil
9.5.2.1. Market Revenue and Volume Forecast, by Application (2021-2033)
9.5.3. Rest of LATAM
9.5.3.1. Market Revenue and Volume Forecast, by Application (2021-2033)
Chapter 10. Company Profiles
10.1. Qatar Solar Technologies
10.1.1. Company Overview
10.1.2. Product Offerings
10.1.3. Financial Performance
10.1.4. Recent Initiatives
10.2. OCI COMPANY Ltd.
10.2.1. Company Overview
10.2.2. Product Offerings
10.2.3. Financial Performance
10.2.4. Recent Initiatives
10.3. DAQO NEW ENERGY CO., LTD.
10.3.1. Company Overview
10.3.2. Product Offerings
10.3.3. Financial Performance
10.3.4. Recent Initiatives
10.4. REC Silicon ASA
10.4.1. Company Overview
10.4.2. Product Offerings
10.4.3. Financial Performance
10.4.4. Recent Initiatives
10.5. Tongwei Group Co., Ltd
10.5.1. Company Overview
10.5.2. Product Offerings
10.5.3. Financial Performance
10.5.4. Recent Initiatives
10.6. Tokuyama Corporation
10.6.1. Company Overview
10.6.2. Product Offerings
10.6.3. Financial Performance
10.6.4. Recent Initiatives
10.7. Wacker Chemie AG
10.7.1. Company Overview
10.7.2. Product Offerings
10.7.3. Financial Performance
10.7.4. Recent Initiatives
10.8. Xinte Energy Co., Ltd
10.8.1. Company Overview
10.8.2. Product Offerings
10.8.3. Financial Performance
10.8.4. Recent Initiatives
10.9. High-Purity Silicon America Corporation
10.9.1. Company Overview
10.9.2. Product Offerings
10.9.3. Financial Performance
10.9.4. Recent Initiatives
10.10. GCL-TECH
10.10.1. Company Overview
10.10.2. Product Offerings
10.10.3. Financial Performance
10.10.4. Recent Initiatives
Chapter 11. Research Methodology
11.1. Primary Research
11.2. Secondary Research
11.3. Assumptions
Chapter 12. Appendix
12.1. About Us
12.2. Glossary of Terms
Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.
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