Global Polysilicon Market, By Manufacturing Technology (Siemens Process, Fluidized Bed Reactor (FBR) Process, and Upgraded Metallurgical-Grade Silicon Process), Form (Chunks, Granules, Rods), End User Industry (Solar Photovoltaic, Electronics), Application (Photovoltaics, Monocrystalline Solar Panel, Multicrystalline Solar Panel, Electronics, Civilian Solar Small Equipment, Others), Product Type (Series Connection, Parallel Connection), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029.
Market Analysis and Insights of Polysilicon Market
Data Bridge Market Research analyses that the polysilicon market will witness a CAGR of 10.80% for the forecast period of 2022-2029. Growth in the demand for polysilicon especially in the emerging economies such as India and China, growing use of polysilicon for a wide range of end user applications such as in the manufacturing electronic devices, rising number of small and medium scale enterprises in the Asia-Pacific region, increasing demand for mono-crystalline polysilicon and surge in industrialization especially in the developing countries are the major factors attributable to the growth of the polysilicon market.
From the name itself, it is clear that polysilicon is a high purity polycrystalline form of silicone that is used as a raw material in the manufacturing of wide range of devices. Silicone is the second most abundant metal found in the earth’s crust. Also known as polycrystalline silicone and poly-Si, polysilicon is a pure, stable, and crystalline form of silicon.
Rise in demand for polysilicon by the solar power industry is the root cause for fuelling up the market growth rate. Rising demand for polysilicon for a wide range of industrial applications such as in the manufacturing of multicrystalline solar panel, electronics, civilian solar small equipment and others and growth and expansion of various end user verticals in the emerging economies will also directly and positively impact the growth rate of the market. Surging government initiatives to make solar products affordable, rising expenditure for research and development proficiencies by the major companies, upsurge in the rate of industrialization, higher dependence on renewable energy sources, surging number of small and medium scale enterprises especially in the developing economies and growing focus on the technological advancements and modernization in the production techniques will further carve the way for the growth of the market.
However, insufficiency in raw material demand and supply owing to the lockdown and volatility in their prices will pose a major challenge to the growth of the market. High cost associated with research and development proficiencies, stringent regulations imposed by the government on industrial processes, rising import and export tariffs and strict global trade restrictions will dampen the market growth rate. High capital investments will also restrict the scope of growth for the market.
This polysilicon market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on polysilicon market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Polysilicon Market Scope and Market Size
The polysilicon market is segmented on the basis of manufacturing technology, form, end user industry, application and product type. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of manufacturing technology, the polysilicon market is segmented into siemens process, fluidized bed reactor (FBR) process, and upgraded metallurgical-grade silicon process.
- On the basis of form, the polysilicon market is segmented into chunks, granules and rods.
- On the basis of end user industry, the polysilicon market is segmented into solar photovoltaic and electronics.
- On the basis of application, the polysilicon market is segmented into photovoltaics, monocrystalline solar panel, multicrystalline solar panel, electronics, civilian solar small equipment and others.
- On the basis of product type, the polysilicon market is segmented into series connection and parallel connection.
Polysilicon Market Country Level Analysis
The polysilicon market is analysed and market size, volume information is provided by country, manufacturing technology, form, end user industry, application and product type as referenced above.
The countries covered in the polysilicon market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific region dominates the polysilicon market owing to the increasing instances of power outage, prompt need for uninterrupted power supply, growing demand from various end-use industries, increase in the research and development activities, increasing consumption and demand from countries such as China and India, investment policies by the government in order to promote industrial growth, high economic growth in the emerging countries, rapid rate of urbanization, abundant availability of raw materials and rising investments by various public and private manufacturers in Asia Pacific.
The country section of the polysilicon market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Polysilicon Market Share Analysis
The polysilicon market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to polysilicon market.
Some of the major players operating in the polysilicon market report are GCL-Poly Energy Holdings Limited, Wacker Chemie AG, OCI COMPANY Ltd., REC Silicon ASA, Tokuyama Corporation, DAQO NEW ENERGY CO,.LTD., Hemlock Semiconductor Operations LLC, activ solar Schweiz GmbH., GCL-SI, Wuxi Suntech Power Co., Ltd., Renesola, Yingli Solar, CSG HGOLDING CO., LTD., Qatar Solar Technologies, Mitsubishi Polycrystalline Silicon America Corporation, Lanco Solar, Kirloskar, Generac Power Systems, Inc., Caterpillar., and YANMAR HOLDINGS Co., Ltd., among others.