Polycrystalline Silicon Market, By Application, By End User Industry, By Manufacturing Technology, By Purity Level, By Geography

Description

Global polycrystalline silicon market size is expected to be valued at US$ 9.64 Bn in 2023, and is estimated to reach US$ 23.24 Bn by 2030 at a CAGR of 13.4% from 2023 to 2030.

Report Coverage		Report Details
Base Year:	2022	Market Size in 2023:	US$ 9.64 Bn
Historical Data for:	2018 to 2021	Forecast Period:	2023 - 2030
Forecast Period 2023 to 2030 CAGR:	13.40%	2030 Value Projection:	US$ 23.24 Bn

Figure 1. Global Polycrystalline Silicon Market Share (%), By Region, 2023

Polycrystalline silicon, also known as "polysilicon," is a high-purity, semi-conductive material. It is composed of numerous small, distinct crystalline structures, each contributing unique electrical properties. This material is particularly efficient, making it a popular choice in the production of photovoltaic solar cells, which are instrumental in harnessing solar energy and converting it into usable electricity. The exceptional purity and cost-effectiveness of polysilicon have also made it a crucial component in the semiconductor industry. It is extensively used in the manufacturing of integrated circuits and a variety of electronic devices. Understanding the properties and applications of polycrystalline silicon is not just beneficial, but essential in the quest to unlock the full potential of renewable energy sources and advance electronic technology.

Market Dynamics:

Solar energy demand and increasing photovoltaic (PV) installations and technological advancements are anticipated to drive the growth of the global polycrystalline silicon market over the forecast period. Moreover, government incentives and policies is also expected to boost the growth of the global polycrystalline silicon market over the forecast period. Emerging solar markets, technological innovations, energy storage integration, and circular economy initiatives are expected to create growth opportunities for the global polycrystalline silicon market during the forecast period.

However, intense competition, raw material costs, trade barriers and energy intensive manufacturing are expected to hamper growth of the global polycrystalline silicon market over the forecast period.

Key features of the study:

This report provides in-depth analysis of the global polycrystalline silicon market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2023-2030), considering 2022 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global polycrystalline silicon market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Wacker Chemie AG, OCI Company Ltd., GCL-Poly Energy Holdings Limited, Hemlock Semiconductor Corporation, Tokuyama Corporation, REC Silicon ASA, Daqo New Energy Corp., SunEdison, Inc. (acquired by MEMC Electronic Materials), LDK Solar Co., Ltd. (faced financial difficulties in the past), and TBEA Co., Ltd.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
Global polycrystalline silicon market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global polycrystalline silicon market.

Detailed Segmentation:

By Application:
- Photovoltaics (solar cells and solar panels)
- Electronics (semiconductors and integrated circuits)
- Photovoltaic solar cells
By End User Industry:
- Solar Energy Industry
- Electronics and Semiconductor Industry
By Manufacturing Technology:
- Siemens Process
- Fluidized Bed Reactor (FBR) Process
- Upgraded Metallurgical Grade (UMG) Process
By Purity Level:
- Electronic Grade (High purity, suitable for electronics and semiconductor applications)
- Solar Grade (Lower purity, primarily used in solar photovoltaic applications)
By Distribution Channel:
- Direct Sales to Manufacturers
- Distributors and Traders
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Company Profile:
- Wacker Chemie AG
- OCI Company Ltd.
- GCL-Poly Energy Holdings Limited
- Hemlock Semiconductor Corporation
- Tokuyama Corporation
- REC Silicon ASA
- Daqo New Energy Corp.
- SunEdison, Inc. (acquired by MEMC Electronic Materials)
- LDK Solar Co., Ltd. (faced financial difficulties in the past)
- TBEA Co., Ltd.

Product Code: CMI375

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Application
- Market Snippet, By End User Industry
- Market Snippet, By Manufacturing Technology
- Market Snippet, By Purity Level
- Market Snippet, By Distribution Channel
- Market Snippet, By Geography
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
Solar energy demand
- Restraints
Intense competition and raw material costs
- Opportunities
Emerging solar markets
Key Highlights
Regulatory Scenario
Product Launches/Approvals
Recent Trends
PEST Analysis
PORTER's Analysis
Mergers Acquisitions and Collaborations

4. Global Polycrystalline Silicon Market - Impact of Coronavirus (COVID-19) Pandemic

COVID-19 Epidemiology
Supply Side and Demand Side Analysis
Economic Impact

5. Global Polycrystalline Silicon Market, By Application, 2018-2030, (US$ Bn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
Photovoltaics (solar cells and solar panels)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Bn)
Electronics (semiconductors and integrated circuits)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Bn)
Photovoltaic solar cells
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Bn)

6. Global Polycrystalline Silicon Market, By End User Industry, 2018-2030, (US$ Bn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
Solar Energy Industry
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Bn)
Electronics and Semiconductor Industry
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Bn)

7. Global Polycrystalline Silicon Market, By Manufacturing Technology, 2023-2030, (US$ Bn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
Siemens Process
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Bn)
Fluidized Bed Reactor (FBR) Process
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Bn)
Upgraded Metallurgical Grade (UMG) Process
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Bn)

8. Polycrystalline Silicon Market , By Purity Level, 2018-2030, (US$ Bn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
Electronic Grade (High purity, suitable for electronics and semiconductor applications)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Bn)
Solar Grade(Lower purity, primarily used in solar photovoltaic applications)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Bn)

9. Global Polycrystalline Silicon Market, By Distribution Channel, 2018-2030, (US$ Bn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
Direct Sales to Manufacturers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Bn)
Distributors and Traders
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Bn)

10. Global Polycrystalline Silicon Market , By Region, 2023-2030, (US$ Bn)

Introduction
- Market Share Analysis, By Country, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, For Country 2018 -2030
- Country Trends
North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2023-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User Industry, 2023-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Manufacturing Technology, 2023-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Purity Level, 2023-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2023-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2023-2030, (US$ Bn)
U.S
Canada
Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2023-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User Industry, 2023-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Manufacturing Technology, 2023-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Purity Level, 2023-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2023-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2023-2030, (US$ Bn)
Germany
U.K.
Spain
France
Italy
Russia
Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2023-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User Industry, 2023-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Manufacturing Technology, 2023-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Purity Level, 2023-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2023-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2023-2030, (US$ Bn)
China
India
Japan
South Korea
ASEAN
Rest of Asia Pacific
Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2023-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User Industry, 2023-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Manufacturing Technology, 2023-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Purity Level, 2023-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2023-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2023-2030, (US$ Bn)
Brazil
Argentina
Mexico
Rest of Latin America
Middle East and Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2023-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User Industry, 2023-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Manufacturing Technology, 2023-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Purity Level, 2023-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2023-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2023-2030, (US$ Bn)
GCC Countries
Israel
South Africa
North Africa
Central Africa
Rest of Middle East

11. Competitive Landscape

Company Profiles
- Wacker Chemie AG
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
- OCI Company Ltd.
- GCL-Poly Energy Holidays Limited
- Hemlock Semiconductor Corporation
- Tokuyama Corporation
- REC Silicon ASA
- Daqo New Energy Corp.
- SunEdison, Inc. (acquired by MEMC Electronic Materials)
- LDK Solar Co., Ltd. (faced financial difficulties in the past)
- TBEA Co., Ltd.
Analysts' Views

12. Section

References
Research Methodology
About us