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In 2022, analysts predicted a polysilicon market size of $10.89 billion. Over the projection period (2023-2030), the global polysilicon market is expected to expand from $US12.97 billion in 2023 to $US27.08 billion in 2030, representing a CAGR (compound annual growth rate) of 13.5 percent. Polycrystalline silicon, or polysilicon, is a type of silicon in which numerous smaller silicon crystals have been melted and subsequently formed into one bigger crystal. In the electronics industry, it is utilised as a component in the fabrication of solar cells, transistors, and integrated circuits, to name a few. Metallurgical-grade silicon, derived by reducing silicon dioxide with carbon at high temperatures, is often chemically purified to produce polysilicon. With impurity values in the ppm range, the resulting polysilicon material is extremely pure. Polysilicon is an essential material in the production of solar cells, which are responsible for transforming solar energy into usable electricity. Because of its high electrical conductivity and capacity to make robust, trustworthy electrical connections, it is also utilised in the manufacturing of microchips and other electronic equipment.
Metallurgical grade silicon is the starting material for making polysilicon, also known as polycrystalline silicon. It is a kind of silicon with an extremely high purity and is made up of many tiny crystals. The production of solar cells and other technological devices relies heavily on this substance. It has a purity level of fewer than 1 parts per billion, making it ideal for usage in the electronics industry. The material grades developed for solar photovoltaics, on the other hand, are relatively less pure.
Polysilicon, or polycrystalline silicon, is a form of polycrystalline silicon that is extremely pure. Produced from metallurgical-grade silicon using the Siemens method. Polysilicon is primarily used as a raw material in the semiconductor and solar photovoltaic sectors. Polysilicon used in electrical applications has an impurity level of less than one part per billion, while polysilicon used in solar photovoltaics is slightly less pure. The solar photovoltaics industry consumes the vast bulk of polysilicon used in solar cell production.
Significant demand from some end use industries, such as growth in solar cells installations and increased investment and incentives in solar PV installations, together with growth in semiconductor sales, is responsible for this acceleration in growth. It is predicted, however, that the market's growth rate will slow by 10 bps compared to the forecasted number. Due to supply difficulties experienced by the semiconductor sector worldwide and a slowdown in the installation of solar cells, the growth forecast has dimmed. Significant expansion in the end-use sectors, however, is expected to keep the market expanding at a healthy clip over the projection period. The growth of the industry will be aided by a number of factors, including the rise of industrialization, the increased use of renewable energy sources, the proliferation of small and medium-sized businesses (especially in developing countries), and the increasing importance placed on technological progress and the modernization of production methods. Moreover, the government will increase its efforts to lower the prices of solar products.
The solar energy industry's rising polysilicon demand is the market's key growth driver. The development and expansion of various end-user verticals in emerging economies will also have a direct and positive impact on the market's growth rate, as will the rising demand for polysilicon for a wide range of industrial applications, such as the production of multi-crystalline solar panels, electronics, civilian small solar equipment, and others. Raw material shortages caused by the lockup and price volatility will be a major challenge to the growth of the market. The market will grow more slowly as a result of the high cost of R&D, harsh government regulations on industrial operations, rising import and export tariffs, and stringent international trade prohibitions. Rising costs of capital are another factor that could limit the market's capacity for growth.
Report Coverage
Global Polysilicon research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Polysilicon report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Polysilicon competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Polysilicon market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Polysilicon market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Polysilicon market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
GCL-Poly Energy Holdings Limited, Wacker Chemie, OCI COMPANY Ltd, REC Silicon, Tokuyama Corporation, Qatar Solar Technologies, Lanco Solar, Kirloskar, Generac Power Systems Inc, Caterpillar
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Polysilicon market based on the below-mentioned segments:
Global Polysilicon Market, By Manufacturing Technology
Siemens Process
FBR Process
Upgraded Metallurgical-Grade Silicon Process
Global Polysilicon market, By Form
Chips
Chunks
Rods
Global Polysilicon Market, By End User
Solar Photovoltaic
Electronics
Global Polysilicon market, Regional Analysis
Metallurgical grade silicon is the starting material for making polysilicon, also known as polycrystalline silicon. It is a kind of silicon with an extremely high purity and is made up of many tiny crystals. The production of solar cells and other technological devices relies heavily on this substance. It has a purity level of fewer than 1 parts per billion, making it ideal for usage in the electronics industry. The material grades developed for solar photovoltaics, on the other hand, are relatively less pure.
Polysilicon, or polycrystalline silicon, is a form of polycrystalline silicon that is extremely pure. Produced from metallurgical-grade silicon using the Siemens method. Polysilicon is primarily used as a raw material in the semiconductor and solar photovoltaic sectors. Polysilicon used in electrical applications has an impurity level of less than one part per billion, while polysilicon used in solar photovoltaics is slightly less pure. The solar photovoltaics industry consumes the vast bulk of polysilicon used in solar cell production.
Significant demand from some end use industries, such as growth in solar cells installations and increased investment and incentives in solar PV installations, together with growth in semiconductor sales, is responsible for this acceleration in growth. It is predicted, however, that the market's growth rate will slow by 10 bps compared to the forecasted number. Due to supply difficulties experienced by the semiconductor sector worldwide and a slowdown in the installation of solar cells, the growth forecast has dimmed. Significant expansion in the end-use sectors, however, is expected to keep the market expanding at a healthy clip over the projection period. The growth of the industry will be aided by a number of factors, including the rise of industrialization, the increased use of renewable energy sources, the proliferation of small and medium-sized businesses (especially in developing countries), and the increasing importance placed on technological progress and the modernization of production methods. Moreover, the government will increase its efforts to lower the prices of solar products.
The solar energy industry's rising polysilicon demand is the market's key growth driver. The development and expansion of various end-user verticals in emerging economies will also have a direct and positive impact on the market's growth rate, as will the rising demand for polysilicon for a wide range of industrial applications, such as the production of multi-crystalline solar panels, electronics, civilian small solar equipment, and others. Raw material shortages caused by the lockup and price volatility will be a major challenge to the growth of the market. The market will grow more slowly as a result of the high cost of R&D, harsh government regulations on industrial operations, rising import and export tariffs, and stringent international trade prohibitions. Rising costs of capital are another factor that could limit the market's capacity for growth.
Report Coverage
Global Polysilicon research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Polysilicon report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Polysilicon competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Polysilicon market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | GCL-Poly Energy Holdings Limited, Wacker Chemie, OCI COMPANY Ltd, REC Silicon, Tokuyama Corporation, Qatar Solar Technologies, Lanco Solar, Kirloskar, Generac Power Systems Inc, Caterpillar |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Polysilicon Market from 2021 to 2030.
- Market Forecast for Polysilicon Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Polysilicon competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Polysilicon
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Polysilicon market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Polysilicon market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
GCL-Poly Energy Holdings Limited, Wacker Chemie, OCI COMPANY Ltd, REC Silicon, Tokuyama Corporation, Qatar Solar Technologies, Lanco Solar, Kirloskar, Generac Power Systems Inc, Caterpillar
Primary Target Market
- Market Players of Polysilicon
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Polysilicon market based on the below-mentioned segments:
Global Polysilicon Market, By Manufacturing Technology
Siemens Process
FBR Process
Upgraded Metallurgical-Grade Silicon Process
Global Polysilicon market, By Form
Chips
Chunks
Rods
Global Polysilicon Market, By End User
Solar Photovoltaic
Electronics
Global Polysilicon market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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