The Polysilicon Market size is valued at USD 7,823.9 million in 2021 and is expected to grow at a significant CAGR of 5.5% during the forecast period 2022 to 2028. The global market provides a detailed overview and that can be segmented by form, by end-user. By form, The polysilicon market has been segmented into Chunks, Granules, and Rods. The chunks segment is likely to be the largest and fastest-growing segment in terms of type. Based on end-users the polysilicon market is segmented into Solar PV, Electronics. Among these, the solar PV segment is expected to have the fastest-growing market during the forecast period 2022-2028 according to Precision Business Insights.
In May 2021, REC Silicon ASA, Norway-based polysilicon and silicon gas supplier stated that it would be restarting its Lake Moses Plant in Washington in the year 2023.