June 20, 2024

Polysilicon Market Size to Attain USD 37.84 Billion by 2033

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.

Polysilicon Market Size 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 CoverageDetails
Growth Rate from 2024 to 2033CAGR of 12.70%
Global Market Size in 2023USD 11.5 Billion
Global Market Size by 2033USD 37.84 Billion
Largest MarketAsia Pacific
Base Year2023
Forecast Period2024 to 2033
Segments CoveredBy Application
Regions CoveredNorth 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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