Product Code: GVR-1-68038-340-9
Polysilicon Market Growth & Trends:
The global polysilicon market is anticipated to reach USD 104.69 billion by 2030 along with a growth rate of 16.0%, according to a new report by Grand View Research, Inc. The market is witnessing significant growth due to the expansion of the solar industry. Polysilicon is a critical raw material in solar panel manufacturing, and the increasing demand for solar energy worldwide is driving the market growth.
Additionally, many governments are recognizing the importance of transitioning to cleaner energy sources, which led to the introduction of a range of incentives and support mechanisms to promote solar energy adoption. These incentives are often financial in nature and include tax credits, subsidies, and grants. This financial attractiveness encourages businesses to expand their use of solar energy, further driving the demand for polysilicon-based solar panels.
The semiconductor industry is persistently expanding to meet the increasing demand for electronic devices, including smartphones, computers, automotive electronics, and IoT devices. As polysilicon is a fundamental material used in semiconductor manufacturing, which led to an increase in demand for polysilicon, in turn, creating lucrative growth opportunities for the market.
The emergence and subsequent adoption of green energy technologies and electric vehicles (EVs) have played a vital role in driving the growth of the market. These technologies require advanced power management and control systems, which require semiconductor components. Polysilicon is integral to these semiconductor manufacturing processes, boosting the demand for polysilicon in the semiconductor industry.
Polysilicon Market Report Highlights:
- Asia Pacific dominated the market and accounted for the largest revenue share of over 63% in 2023 and is expected to grow at a CAGR of 15.9% from 2023 to 2030
- The solar PV segment led the market for polysilicon and accounted for a revenue share of over 76.0% in 2023. The solar PV segment has witnessed significant growth in recent years due to customers' and companies' inclination toward adopting cleaner and renewable energy sources. This adoption led to an increase in the use of solar energy, which in turn surged solar panel installations, and benefited the market
- The electronic segment is anticipated to experience rapid growth over the forecast period due to the proliferation of consumer electronics and automotive electronics. In addition, the emergence of new technologies such as 5G, artificial intelligence (AI), and the Internet of Things (IoT) has driven the manufacturing of semiconductor devices, consequently increasing the demand for polysilicon
Table of Contents
Chapter 1 Methodology and Scope
- 1.1 Market Segmentation & Scope
- 1.2 Market Definitions
- 1.3 Information procurement
- 1.3.1 Information analysis
- 1.3.2 Market formulation & data visualization
- 1.3.3 Data validation & publishing
- 1.4 Research Scope and Assumptions
- 1.4.1 List to Data Sources
Chapter 2 Executive Summary
- 2.1 Market Snapshot 2022
- 2.2 Segment Snapshot
- 2.3 Competitive Landscape Snapshot
Chapter 3 Polysilicon Market: Variables and Trends
- 3.1 Market Lineage Outlook
- 3.1.1 Global Plastics market Outlook
- 3.2 Industry Value Chain Analysis
- 3.2.1 Raw Material Trends
- 3.2.2 Raw Material Price Analysis
- 3.3 Technology Overview
- 3.3.1 siemens process Technology
- 3.3.2 Upgraded metallurgical-grade (UMG) Technology
- 3.3.3 Fluidized Bed Reactor Technology
- 3.4 Analysis of Potential Substitute Material
- 3.5 Regulatory Framework
- 3.6 Market Dynamics
- 3.6.1 Market Driver Impact Analysis
- 3.6.1.1 flourishing global Solar Power Industry
- 3.6.1.2 Growing Electronics Industry across world
- 3.6.2 Market Restraint Impact Analysis
- 3.6.2.1 High Plant Setup Cost
- 3.6.3 Industry challenge Analysis
- 3.7 Market Business Environment Analysis
- 3.7.1 Industry Analysis: Porter's Five Forces Model
- 3.7.2 MACROECONOMIC ENVIRONMENT ANALYSIS
- 3.8 Eastern Europe Geopolitical Conflict Impact on Polysilicon Market
Chapter 4 Polysilicon Market: Application Estimates & Trend Analysis
- 4.1 Application Movement Analysis & Market Share, 2023 & 2030
- 4.2 Application Movement Analysis & Market Share, 2023 & 2030
- 4.3 Polysilicon Market Estimates & Forecast, By Application (Kilotons) (USD Million)
- 4.3.1 Solar PV
- 4.3.2 Electronics (Semiconductor)
Chapter 5 Polysilicon Market - Regional Estimates & Trend Analysis
- 5.1 Polysilicon market: Regional outlook
- 5.2 North America
- 5.2.1 North America Polysilicon Market estimates & Forecasts, 2018 - 2033 (Kilotons) (USD Million)
- 5.2.2 U.S.
- 5.2.2.1 U.S. Polysilicon Market estimates & Forecasts, 2018 - 2033 (Kilotons) (USD Million)
- 5.2.3 Canada
- 5.2.3.1 Canada Polysilicon Market estimates & Forecasts, 2018 - 2033 (Kilotons) (USD Million)
- 5.2.4 Mexico
- 5.2.4.1 Mexico Polysilicon Market estimates & Forecasts, 2018 - 2033 (Kilotons) (USD Million)
- 5.3 Europe
- 5.3.1 Europe Polysilicon Market estimates & Forecasts, 2018 - 2030 (kiloTons) (USD MILLION)
- 5.3.2 Germany
- 5.3.2.1 Germany Polysilicon Market estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.3.3 UK
- 5.3.3.1 UK Polysilicon Market estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.3.4 Italy
- 5.3.4.1 Italy Polysilicon Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.3.5 France
- 5.3.5.1 France Polysilicon Market estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.3.6 Spain
- 5.3.6.1 Spain Polysilicon Market estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.3.7 Denmark
- 5.3.7.1 Denmark Polysilicon Market estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.3.8 Norway
- 5.3.8.1 Norway Polysilicon Market estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.3.9 Sweden
- 5.3.9.1 Sweden Polysilicon Market estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.4 Asia Pacific
- 5.4.1 Asia Pacific Polysilicon Market estimates & Forecasts, 2018 - 2030 (KILOTONS) (USD MILLION)
- 5.4.2 China
- 5.4.2.1 china Polysilicon Market estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.4.3 India
- 5.4.3.1 india Polysilicon Market estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.4.4 Japan
- 5.4.4.1 japan Polysilicon Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.4.5 South Korea
- 5.4.5.1 South Korea Polysilicon Market estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.4.6 Australia
- 5.4.6.1 Australia Polysilicon Market estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.5 Central & South America
- 5.5.1 Central & South america Polysilicon Market estimates & Forecasts, 2018 - 2033 (Kilotons) (USD Million)
- 5.5.2 Brazil
- 5.5.2.1 Brazil Polysilicon Market estimates & Forecasts, 2018 - 2033 (Kilotons) (USD Million)
- 5.5.3 Argentina
- 5.5.3.1 Argentina Polysilicon Market estimates & Forecasts, 2018 - 2033 (Kilotons) (USD Million)
- 5.6 Middle East & Africa
- 5.6.1 Middle East & Africa Polysilicon Market estimates & Forecasts, 2018 - 2033 (Kilotons) (USD Million)
- 5.6.2 South Africa
- 5.6.2.1 South Africa Polysilicon Market estimates & Forecasts, 2018 - 2033 (Kilotons) (USD Million)
- 5.6.3 Saudi Arabia
- 5.6.3.1 Saudi Arabia Polysilicon Market estimates & Forecasts, 2018 - 2033 (Kilotons) (USD Million)
Chapter 6 Polysilicon Market - Competitive Landscape
- 6.1 Recent Developments & Impact Analysis, by Key Market Participants
- 6.2 Vendor Landscape
- 6.2.1 Company Categorization
- 6.2.2 List of Key Distributors & Channel Partners
- 6.2.3 List of Key Potential Customers/End-users (Inclusive of Technology or licensor)
- 6.3 List of Emerging Companies across the Polysilicon Market
- 6.4 List of Upcoming Projects Till 2028 (Inclusive of Electronics Grade & Solar Panel Industry)
- 6.5 Portfolio Analysis/Kralijic Matrix
- 6.5.1 Non-Critical Items
- 6.5.2 Leverage Items
- 6.5.3 Bottleneck Items
- 6.5.4 Strategic Items
- 6.6 Company Heat Map Analysis
- 6.7 Company market share analysis, 2023
- 6.8 Market positioning
- 6.9 Strategy Mapping
- 6.9.1 Expansion
- 6.9.2 Collaboration
- 6.9.3 Contracts & Agreements
- 6.10 Polysilicon Market - Company Outlines
- 6.10.1 Participant's Overview
- 6.10.2 Financial Performance
- 6.10.3 Product Benchmarking
- 6.11 High-Purity Silicon America Corporation
- 6.12 OCI COMPANY Ltd.
- 6.13 Qatar Solar Technologies
- 6.14 REC Silicon ASA
- 6.15 Tongwei Group Co., Ltd
- 6.16 Tokuyama Corporation
- 6.17 Wacker Chemie AG
- 6.18 Xinte Energy Co., Ltd
- 6.19 DAQO NEW ENERGY CO., LTD.
- 6.20 GCL-TECH
- 6.21 Hemlock Semiconductor Operations LLC and Hemlock Semiconductor, L.L.C.