Polycrystalline Market | 2016 – 26 | Industry Share, Size, Growth

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Global Polycrystalline Silicon Market: Drivers and Restraints:

Polycrystalline silicon is an important raw material for both solar PV and semiconductor industries. Also, no other substitutes can accomplish the properties benefits and high purity needs as polycrystalline silicon. Thus, demand for polycrystalline silicon will be there with fluctuations in the price rate depending on the supply and demand cycle. The microelectronic and solar PV are the two main end-use sectors driving the global polycrystalline silicon market. The increasing demand for solar panels since they are the cheap source of green electricity propels the global polycrystalline silicon market. Also, government policies for reduction on carbon footprints and adoption of solar panels aid in the increasing consumption of polycrystalline silicon.

However, technological challenges in the manufacture of polycrystalline silicon might restrain the global polycrystalline silicon market.

Global Polycrystalline Silicon Market: Region Wise Outlook

The global polycrystalline silicon market is divided into seven regions, namely North America, Latin America, Asia Pacific excluding Japan (APEJ), Western Europe, Eastern Europe, Japan and Middle East and Africa (MEA). In terms of production and consumption, Asia Pacific holds a majority of the share in the global polycrystalline silicon market. China is prominent in manufacturing solar modules which consume around more than 50% of polycrystalline silicon. Also, higher import duties on North American manufacturers of polycrystalline silicon has led to benefit Asia Pacific manufacturers especially South Korea and China. The polycrystalline silicon market in Western Europe is expected to expand relatively at a slower pace due to the economic conditions. Latin America followed by MEA are expected to share gain relative high market share during the forecast period.

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Global Polycrystalline Silicon Market: Key Players

Some of the key players identified in the global polycrystalline silicon market includes:

• Hemlock Semiconductor Group
• GCL-Poly Energy Holdings Limited
• M.SETEK Co.Ltd.
• LDK Solar Co. Ltd.
• Tokuyama Corporation
• SunEdison Inc.
• REC Silicon ASA
• Daqo New Energy Corp
• Wacker Chemie AG
• OCI Company Limited

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, technology and applications.

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The report covers exhaustive analysis on:

• Market Segments
• Market Dynamics
• Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies involved
• Technology
• Value Chain

Regional analysis includes

• North America (Canada, The U.S.)
• Latin America (Mexico, Brazil, Rest Of Latin America )
• Western Europe (Germany, Italy, France, U.K, Spain, Netherlands, BENELUX, Nordic countries )
• Eastern Europe ( Russia, Rest Of Eastern Europe)
• Asia Pacific (China, India, ASEAN, Australia & New Zealand)
• Japan
• Middle East and Africa (GCC countries, S. Africa, N. Africa and Rest Of MEA)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.