- Chunks,
- Granules,
- Rods
Polysilicon Market size was valued at USD 7,823.9 million in 2022 and is poised to grow at a CAGR of 5.5% from 2023-2029. 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.
Polysilicon Market Key Developments:
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.
Polysilicon Market Summary
Study Period
2024-2030
Base Year
2023
CAGR
5.5%
Largest Market
Asia Pacific
Fastest Growing Market
Asia Pacific
Polysilicon Market Dynamics
According to the International Energy Agency (IEA), the global PV sector is projected to grow at a rate of 25% annually. Clean energy policy goals and tax exemption in the solar industry are expected to augment demand over the coming years. Therefore, the growing demand for photovoltaics and semiconductors is anticipated to propel growth over the forecast period
Asia-Pacific Got Significant Share
Polysilicon Market Regional Analysis
By region, the Asia Pacific market is expected to witness the highest market share during the forecast period and the demand is expected to be extremely high from countries such as China and India. This can be attributed to the rapid development of the Chinese solar industry and government backing for the industry.
Latin America
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- The polysilicon market report provides granular level information about the market size, regional market share, historic market (2018-2022) and forecast (2023-2029)
- The polysilicon market report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The polysilicon market report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The polysilicon market report tracks recent innovations, key developments, and start-up details that are actively working in the market
- The polysilicon market report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario.
Polysilicon Market Segmentation
By Form
By End User
- Solar PV,
- Electronics
By Geography
- North America,
- Europe,
- Asia Pacific,
- Latin America, and
- Middle East and Africa
Frequently Asked Questions
The polysilicon arket is projected to expand at a CAGR of 5.5% during the forecast period.
The major players in the global Polysilicon market are Active Solar Energietechnik GmbH, DAQO New Energy Corporation, GCL Poly Energy Holdings Limited, Hemlock Semiconductor Group (Dow Corning, Corning Inc.), LDK Solar Co. Ltd., OCI Company Ltd., REC Silicon ASA, SunEdison Inc., TBEA Co. Ltd, Tokuyama Corporation, Wacker Chemie AG, Woongjin Polysilicon Co. Ltd.
The Asia-Pacific is the fastest-growing polysilicon market
| 1. Executive Summary |
| 2. Global Polysilicon Market Introduction |
| 2.1. Global Polysilicon Market Taxonomy |
| 2.2. Global Polysilicon Market Definitions |
| 2.2.1. Form |
| 2.2.2. End User Industry |
| 3. Global Polysilicon Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Global Polysilicon Market Dynamic Factors - Impact Analysis |
| 3.6. Global Polysilicon Market Competition Landscape |
| 4. Global Polysilicon Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 |
| 4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Polysilicon Market, By Form, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.1. Chunks |
| 5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Granules |
| 5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Rods |
| 5.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 6. Global Polysilicon Market Forecast, By End User Industry, 2018 - 2022 and Forecast, 2023 - 2029 |
| 6.1. Solar PV |
| 6.1.1. Monocrystalline Solar Panels |
| 6.1.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.1.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.1.3. Market Opportunity Analysis |
| 6.1.2. Multicrystalline Solar Panels |
| 6.1.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.1.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.2.3. Market Opportunity Analysis |
| 6.2. Electronics |
| 6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 7. Global Polysilicon Market Forecast, By Region, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia-Pacific |
| 7.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Latin America |
| 7.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Middle East and Africa |
| 7.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 7.6. Global Polysilicon Market - Opportunity Analysis Index, By Form, End User Industry, and Region, 2023 - 2029 |
| 8. North America Polysilicon Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 8.1. By Form Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1. Chunks |
| 8.1.2. Granules |
| 8.1.3. Rods |
| 8.2. End User Industry Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 8.2.1. Solar PV |
| 8.2.1.1. Monocrystalline Solar Panels |
| 8.2.1.2. Multicrystalline Solar Panels |
| 8.2.2. Electronics |
| 8.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 8.3.1. USA |
| 8.3.2. Canada |
| 8.4. North America Polysilicon Market - Opportunity Analysis Index, By Form, End User Industry, and Country, 2023 - 2029 |
| 8.5. North America Polysilicon Market Dynamics Trends |
| 9. Europe Polysilicon Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 9.1. By Form Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1. Chunks |
| 9.1.2. Granules |
| 9.1.3. Rods |
| 9.2. End User Industry Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 9.2.1. Solar PV |
| 9.2.1.1. Monocrystalline Solar Panels |
| 9.2.1.2. Multicrystalline Solar Panels |
| 9.2.2. Electronics |
| 9.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 9.3.1. Germany |
| 9.3.2. UK |
| 9.3.3. France |
| 9.3.4. Spain |
| 9.3.5. Italy |
| 9.3.6. Russia |
| 9.3.7. Poland |
| 9.3.8. Rest of Europe |
| 9.4. Europe Polysilicon Market - Opportunity Analysis Index, By Form, End User Industry, and Country, 2023 - 2029 |
| 9.5. Europe Polysilicon Market Dynamics Trends |
| 10. Asia-Pacific Polysilicon Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 10.1. By Form Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1. Chunks |
| 10.1.2. Granules |
| 10.1.3. Rods |
| 10.2. End User Industry Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 10.2.1. Solar PV |
| 10.2.1.1. Monocrystalline Solar Panels |
| 10.2.1.2. Multicrystalline Solar Panels |
| 10.2.2. Electronics |
| 10.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 10.3.1. Japan |
| 10.3.2. China |
| 10.3.3. India |
| 10.3.4. ASEAN |
| 10.3.5. Australia & New Zealand |
| 10.3.6. Rest of Asia-Pacific |
| 10.4. Asia-Pacific Polysilicon Market - Opportunity Analysis Index, By Form, End User Industry, and Country, 2023 - 2029 |
| 10.5. Asia-Pacific Polysilicon Market Dynamics Trends |
| 11. Latin America Polysilicon Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 11.1. By Form Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1. Chunks |
| 11.1.2. Granules |
| 11.1.3. Rods |
| 11.2. End User Industry Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.2.1. Solar PV |
| 11.2.1.1. Monocrystalline Solar Panels |
| 11.2.1.2. Multicrystalline Solar Panels |
| 11.2.2. Electronics |
| 11.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 11.3.1. Brazil |
| 11.3.2. Mexico |
| 11.3.3. Argentina |
| 11.3.4. Rest of Latin America |
| 11.4. Latin America Polysilicon Market - Opportunity Analysis Index, By Form, End User Industry, and Country, 2023 - 2029 |
| 11.5. Latin America Polysilicon Market Dynamics Trends |
| 12. Middle East and Africa Polysilicon Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 12.1. By Form Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1. Chunks |
| 12.1.2. Granules |
| 12.1.3. Rods |
| 12.2. End User Industry Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.2.1. Solar PV |
| 12.2.1.1. Monocrystalline Solar Panels |
| 12.2.1.2. Multicrystalline Solar Panels |
| 12.2.2. Electronics |
| 12.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 12.3.1. Gulf Cooperation Council (GCC) Countries |
| 12.3.2. Israel |
| 12.3.3. South Africa |
| 12.3.4. Rest of MEA |
| 12.4. MEA Polysilicon Market - Opportunity Analysis Index, By Form, End User Industry, and Country, 2023 - 2029 |
| 12.5. MEA Polysilicon Market Dynamics Trends |
| 13. Competition Landscape |
| 13.1. Strategic Dashboard of Top Market Players |
| 13.2. Company Profiles (Introduction, Financial Analysis, Product & Service Offerings, Key Developments, Strategies, and SWOT Analysis) |
| 13.2.1. Active Solar Energietechnik GmbH |
| 13.2.2. DAQO New Energy Corporation |
| 13.2.3. GCL Poly Energy Holdings Limited |
| 13.2.4. Hemlock Semiconductor Group (Dow Corning, Corning Inc.) |
| 13.2.5. LDK Solar Co. Ltd. |
| 13.2.6. OCI Company Ltd. |
| 13.2.7. REC Silicon ASA |
| 13.2.8. SunEdison Inc. |
| 13.2.9. TBEA Co. Ltd |
| 13.2.10. Tokuyama Corporation |
| 13.2.11. Wacker Chemie AG |
| 13.2.12. Woongjin Polysilicon Co. Ltd. |
| 14. Research Methodology |
| 15. Key Assumptions and Acronyms |
- Active Solar Energietechnik GmbH
- DAQO New Energy Corporation
- GCL Poly Energy Holdings Limited
- Hemlock Semiconductor Group (Dow Corning, Corning Inc.)
- LDK Solar Co. Ltd.
- OCI Company Ltd.
- REC Silicon ASA
- SunEdison Inc.
- TBEA Co. Ltd
- Tokuyama Corporation
- Wacker Chemie AG
- Woongjin Polysilicon Co. Ltd.