According to FMI analysis, the global sales of Polysilicon is estimated to be valued at US$ 7,126.3 Mn by the end of 2018 and is expected to register 5.2% CAGR over the period of 2018-2028. In the form of grade, this report divulges that demand for solar grade polysilicon is expected to register significant growth over the forecast period. Future Market Insights does comprehensive analysis and delivers key information in its report titled, “Polysilicon Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028”. This report gauges and predicts several demographic changes in the polysilicon market.
| Polysilicon Market Size (2022) | US$ 8.5 Bn |
| Projected Market Value (2028) | US$ 11.8 Bn |
| Global Market Growth Rate | 5.6% CAGR (2022-2028) |
| Country With Dominant Market Share (2022) | China – 61.7% |
Big investments in expansion of sun potential throughout the globe is a key using element for the increase of the polysilicon market. Governments of developing and advanced countries and commercial sectors are emphasizing on the growth of renewable energy assets, in which sun energy appears to show high potential. Consequently, coverage makers, regulatory our bodies and industrial sectors are investing exceedingly within the solar energy region.
This is producing notable call for for sun panels across the globe. Seeing that polysilicon is the essential uncooked fabric used for sun PV panels, call for for polysilicon is increasing step by step across the globe. Moreover, speedy boom in the electronics industry because of the swiftly growing call for for commercial in addition to consumer digital products has also been fuelling the call for for raw materials, together with polysilicon, required for the manufacturing of electronics and semiconductor components. Thus, growing customer electronics merchandise marketplace throughout the globe will, in turn, drive the polysilicon marketplace.
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But, imposition of antidumping and countervailing responsibility by means of China on the usa polysilicon and through the us on China sun panels, has hampered the growth of polysilicon market. But, massive investments by means of the chinese government in the solar industry will help to manage up with the effect on the polysilicon marketplace.
Segmentation evaluation
Market insights recommend that the worldwide polysilicon market is ruled by way of sun grade phase and will extend with healthful CAGR over the forecast length. Numerous wonderful changes, such as technological improvements, growing manufacturing of mono-silicon and reducing of uncooked substances prices, amongst others, are expected to propel the growth of the solar grade polysilicon market.
Key producers of solar grade polysilicon are focussing on lowering of cost of production of polysilicon, which in turn, is imparting stimulus to the growth of solar grade polysilicon. Growing demand for sun grade polysilicon will play a pivotal role in increase of polysilicon marketplace sales. In addition, big increase of semiconductor and electronics enterprise in APAC area will assist to drive the call for in the electronics grade polysilicon marketplace.
Regional Market Projections
The China polysilicon market is expected to be the dominant region and is expected to register healthy CAGR over the forecast period. Until 2017, China alone constituted over 28% of global solar capacity and is expected to witness 1.5X growth over the period. In terms of electronics and semiconductor production, China accounted for around half of the Asia Pacific market in 2017 and is expected to grow steadily over the forecast period.
Moreover, India and SEA polysilicon markets are expected to register healthy growth over the forecast period. Growing investments in Germany, Mexico and Brazil, among other countries, for the development of the solar sector is also expected to fuel the growth of the polysilicon market.
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Vendor Insights
The global polysilicon market is a highly consolidated market. Top three polysilicon manufacturer are responsible for around half of the global market share. The polysilicon market is fragmented in China and South Korea regions. Some of the players reported in this study on the global Polysilicon market are Wacker Chemie AG, OCI Company Ltd., GCL-Poly Energy Holdings Limited., TBEA Co. Ltd, REC Silicon ASA., CSG Holdings Co., Ltd., Tokuyama Corporation, Daqo New Energy Co., Ltd., Mitsubishi Materials corporation, Hanwha Chemical Co., Ltd, Asia Silicon, Osaka Titanium Technologies Co., Ltd., Qatar Solar Technologies and Hemlock Semiconductor Corporation, among others.
Key Segments of Polysilicon Industry Survey
Polysilicon Market by Grade:
- Solar Grade Polysilicon
- Electronics Grade Polysilicon
Polysilicon Market by Region:
- North America Polysilicon Market
- Latin America Polysilicon Market
- Europe Polysilicon Market
- East Asia Polysilicon Market
- South Asia & Pacific Polysilicon Market
- Middle East & Africa (MEA) Polysilicon Market
Table of Content
1. Executive Summary
1.1. Market Overview
1.2. Market Analysis
1.3. FMI Analysis and Recommendation
1.4. Wheel of Fortune
2. Market Introduction
2.1. Taxonomy
2.2. Market Definition
3. Market Viewpoint
4. Global Polysilicon Market Analysis 2013–2017 and Forecast 2022–2028
4.1. Global Polysilicon Market Forecast
4.2. Pricing Analysis
4.3. Global Polysilicon Market Analysis
5. Porters Analysis
To be continued…!
About FMI
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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