North America Polysilicon Market Size, Share & Trends Analysis Report By Application (Solar PV Multicrystalline Solar Panel, and Monocrystalline Solar Panel), and Electronics (Semiconductor), By Country and Growth Forecast, 2023

Description

List of Tables

The North America Polysilicon Market would witness market growth of 13.0% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 96.6 Kilo Tonnes, showcasing a growth of 11.1% (2019-2022).

The market, a critical component of the solar energy ecosystem, plays a pivotal role in producing solar photovoltaic (PV) cells, semiconductor devices, and various electronic applications. As the region grapples with the urgent need for sustainable energy solutions, the demand for polysilicon continues to surge, driven by the solar industry's expansion, technological advancements, and a growing emphasis on renewable energy sources. As per the International Energy Agency, more than one-third of total electricity generation is projected to come from renewable sources by early 2025, surpassing coal.

In addition, the adoption of polysilicon is intricately linked to the rapid expansion of the solar industry, which has experienced a remarkable boom in recent years. Governments, businesses, and consumers increasingly turn to solar power as a clean and sustainable alternative to traditional energy sources. Concerns over climate change, pollution, and the finite nature of fossil fuels fuel the environmental consciousness driving this shift. Using the photovoltaic effect, these cells transform sunlight into electrical energy and serve as the foundation of solar energy systems implemented in commercial, industrial, and residential environments.

Canada has witnessed increased utility-scale solar projects, especially in provinces with favorable solar conditions. Solar energy has become more prevalent in both residential and commercial settings. As per the data published in 2023 by Statistics Canada, solar power fed the electricity grid in seven provinces and two territories in 2022. Ontario (2.3 million MWh) generated the most solar energy in 2022, followed by sunny Alberta (851,374 MWh) and Saskatchewan (30,097 MWh). Nationally, solar power generation has increased by over half (+55.7%) since 2017 to 3.2 million MWh. Thus, North America's rising solar energy sector will lead to increased demand for polysilicon in the region.

The US market dominated the North America Polysilicon Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $3,277.7 Million by 2030. The Canada market is experiencing a CAGR of 15.5% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 14.5% during (2023 - 2030).

Based on Application, the market is segmented into Solar PV (Multicrystalline Solar Panel, and Monocrystalline Solar Panel), and Electronics (Semiconductor). Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled

OCI Company Ltd.
Tokuyama Corporation
Wacker Chemie AG
REC Silicon ASA
GCL Technology Holdings Limited (Golden Concord Holding Limited)
Hemlock Semiconductor Operations LLC and Hemlock Semiconductor, L.L.C.
DAQO NEW ENERGY CORP.
Xinte Energy Co., Ltd (TEBA Co., Ltd.)
High-Purity Silicon America Corporation (SUMCO Corporation)
Mitsubishi Materials Corporation

North America Polysilicon Market Report Segmentation

By Application (Volume, kilo Tonnes, USD Billion, 2019-2030)

Solar PV
- Multicrystalline Solar Panel
- Monocrystalline Solar Panel
Electronics (Semiconductor)

By Country (Volume, kilo Tonnes, USD Billion, 2019-2030)

US
Canada
Mexico
Rest of North America

Chapter 1.Market Scope & Methodology

1.1Market Definition
1.2Objectives
1.3Market Scope
1.4Segmentation
- 1.4.1North America Polysilicon Market, by Application
- 1.4.2North America Polysilicon Market, by Country
1.5Methodology for the research

Chapter 2.Market at a Glance

2.1Key Highlights

Chapter 3.Market Overview

3.1Introduction
- 3.1.1Overview
  - 3.1.1.1Market Composition and Scenario
3.2Key Factors Impacting the Market
- 3.2.1Market Drivers
- 3.2.2Market Restraints
- 3.2.3Market Opportunities
- 3.2.4Market Challenges
3.3Porter's Five Forces Analysis

Chapter 4.Strategies Deployed in Polysilicon Market

Chapter 5.North America Polysilicon Market, By Application

5.1North America Solar PV Market, By Country
5.2North America Polysilicon Market, By Solar PV Type
- 5.2.1North America Multicrystalline Solar Panel Market, By Country
- 5.2.2North America Monocrystalline Solar Panel Market, By Country
5.3North America Electronics (Semiconductor) Market, By Country

Chapter 6.North America Polysilicon Market, By Country

6.1US Polysilicon Market
- 6.1.1US Polysilicon Market, By Application
  - 6.1.1.1US Polysilicon Market, By Solar PV Type
6.2Canada Polysilicon Market
- 6.2.1Canada Polysilicon Market, By Application
  - 6.2.1.1Canada Polysilicon Market, By Solar PV Type
6.3Mexico Polysilicon Market
- 6.3.1Mexico Polysilicon Market, By Application
  - 6.3.1.1Mexico Polysilicon Market, By Solar PV Type
6.4Rest of North America Polysilicon Market
- 6.4.1Rest of North America Polysilicon Market, By Application
  - 6.4.1.1Rest of North America Polysilicon Market, By Solar PV Type

Chapter 7.Company Profiles

7.1OCI Company Ltd.
- 7.1.1Company Overview
- 7.1.2Financial Analysis
- 7.1.3Segmental and Regional Analysis
- 7.1.4Research & Development Expenses
- 7.1.5Recent strategies and developments:
  - 7.1.5.1Partnerships, Collaborations, and Agreements:
  - 7.1.5.2Geographical Expansions:
- 7.1.6SWOT Analysis
7.2Tokuyama Corporation
- 7.2.1Company Overview
- 7.2.2Financial Analysis
- 7.2.3Segmental and Regional Analysis
- 7.2.4Research & Development Expenses
- 7.2.5Recent strategies and developments:
  - 7.2.5.1Partnerships, Collaborations, and Agreements:
- 7.2.6SWOT Analysis
7.3Wacker Chemie AG
- 7.3.1Company Overview
- 7.3.2Financial Analysis
- 7.3.3Segmental and Regional Analysis
- 7.3.4Research & Development Expenses
- 7.3.5Recent strategies and developments:
  - 7.3.5.1Geographical Expansions:
- 7.3.6SWOT Analysis
7.4REC Silicon ASA
- 7.4.1Company Overview
- 7.4.2Financial Analysis
- 7.4.3Segmental Analysis
- 7.4.4Recent strategies and developments:
  - 7.4.4.1Partnerships, Collaborations, and Agreements:
- 7.4.5SWOT Analysis
7.5GCL Technology Holdings Limited (Golden Concord Holding Limited)
- 7.5.1Company Overview
- 7.5.2Financial Analysis
- 7.5.3Segmental and Regional Analysis
- 7.5.4Research & Development Expenses
- 7.5.5Recent strategies and developments:
  - 7.5.5.1Geographical Expansions:
- 7.5.6SWOT Analysis
7.6Hemlock Semiconductor Operations LLC and Hemlock Semiconductor, L.L.C.
- 7.6.1Company Overview
- 7.6.2SWOT Analysis
7.7DAQO NEW ENERGY CORP.
- 7.7.1Company Overview
- 7.7.2Financial Analysis
- 7.7.3Research & Development Expenses
- 7.7.4Recent strategies and developments:
  - 7.7.4.1Geographical Expansions:
- 7.7.5SWOT Analysis
7.8Xinte Energy Co., Ltd. (TEBA Co., Ltd.)
- 7.8.1Company Overview
- 7.8.2Recent strategies and developments:
  - 7.8.2.1Partnerships, Collaborations, and Agreements:
  - 7.8.2.2Geographical Expansions:
- 7.8.3SWOT Analysis
7.9High-Purity Silicon America Corporation (SUMCO Corporation)
- 7.9.1Company Overview
- 7.9.2Financial Analysis
- 7.9.3Regional Analysis
- 7.9.4Research & Development Expenses
- 7.9.5SWOT Analysis
7.10.Mitsubishi Materials Corporation
- 7.10.1Company Overview
- 7.10.2Financial Analysis
- 7.10.3Regional Analysis
- 7.10.4Research & Development Expenses
- 7.10.5SWOT Analysis

LIST OF TABLES

TABLE 1North America Polysilicon Market, 2019 - 2022, USD Million
TABLE 2North America Polysilicon Market, 2023 - 2030, USD Million
TABLE 3North America Polysilicon Market, 2019 - 2022, Kilo Tonnes
TABLE 4North America Polysilicon Market, 2023 - 2030, Kilo Tonnes
TABLE 5North America Polysilicon Market, By Application, 2019 - 2022, USD Million
TABLE 6North America Polysilicon Market, By Application, 2023 - 2030, USD Million
TABLE 7North America Polysilicon Market, By Application, 2019 - 2022, Kilo Tonnes
TABLE 8North America Polysilicon Market, By Application, 2023 - 2030, Kilo Tonnes
TABLE 9North America Solar PV Market, By Country, 2019 - 2022, USD Million
TABLE 10North America Solar PV Market, By Country, 2023 - 2030, USD Million
TABLE 11North America Solar PV Market, By Country, 2019 - 2022, Kilo Tonnes
TABLE 12North America Solar PV Market, By Country, 2023 - 2030, Kilo Tonnes
TABLE 13North America Polysilicon Market, By Solar PV Type, 2019 - 2022, USD Million
TABLE 14North America Polysilicon Market, By Solar PV Type, 2023 - 2030, USD Million
TABLE 15North America Polysilicon Market, By Solar PV Type, 2019 - 2022, Kilo Tonnes
TABLE 16North America Polysilicon Market, By Solar PV Type, 2023 - 2030, Kilo Tonnes
TABLE 17North America Multicrystalline Solar Panel Market, By Country, 2019 - 2022, USD Million
TABLE 18North America Multicrystalline Solar Panel Market, By Country, 2023 - 2030, USD Million
TABLE 19North America Multicrystalline Solar Panel Market, By Country, 2019 - 2022, Kilo Tonnes
TABLE 20North America Multicrystalline Solar Panel Market, By Country, 2023 - 2030, Kilo Tonnes
TABLE 21North America Monocrystalline Solar Panel Market, By Country, 2019 - 2022, USD Million
TABLE 22North America Monocrystalline Solar Panel Market, By Country, 2023 - 2030, USD Million
TABLE 23North America Monocrystalline Solar Panel Market, By Country, 2019 - 2022, Kilo Tonnes
TABLE 24North America Monocrystalline Solar Panel Market, By Country, 2023 - 2030, Kilo Tonnes
TABLE 25North America Electronics (Semiconductor) Market, By Country, 2019 - 2022, USD Million
TABLE 26North America Electronics (Semiconductor) Market, By Country, 2023 - 2030, USD Million
TABLE 27North America Electronics (Semiconductor) Market, By Country, 2019 - 2022, Kilo Tonnes
TABLE 28North America Electronics (Semiconductor) Market, By Country, 2023 - 2030, Kilo Tonnes
TABLE 29North America Polysilicon Market, By Country, 2019 - 2022, USD Million
TABLE 30North America Polysilicon Market, By Country, 2023 - 2030, USD Million
TABLE 31North America Polysilicon Market, By Country, 2019 - 2022, Kilo Tonnes
TABLE 32North America Polysilicon Market, By Country, 2023 - 2030, Kilo Tonnes
TABLE 33US Polysilicon Market, 2019 - 2022, USD Million
TABLE 34US Polysilicon Market, 2023 - 2030, USD Million
TABLE 35US Polysilicon Market, 2019 - 2022, Kilo Tonnes
TABLE 36US Polysilicon Market, 2023 - 2030, Kilo Tonnes
TABLE 37US Polysilicon Market, By Application, 2019 - 2022, USD Million
TABLE 38US Polysilicon Market, By Application, 2023 - 2030, USD Million
TABLE 39US Polysilicon Market, By Application, 2019 - 2022, Kilo Tonnes
TABLE 40US Polysilicon Market, By Application, 2023 - 2030, Kilo Tonnes
TABLE 41US Polysilicon Market, By Solar PV Type, 2019 - 2022, USD Million
TABLE 42US Polysilicon Market, By Solar PV Type, 2023 - 2030, USD Million
TABLE 43US Polysilicon Market, By Solar PV Type, 2019 - 2022, Kilo Tonnes
TABLE 44US Polysilicon Market, By Solar PV Type, 2023 - 2030, Kilo Tonnes
TABLE 45Canada Polysilicon Market, 2019 - 2022, USD Million
TABLE 46Canada Polysilicon Market, 2023 - 2030, USD Million
TABLE 47Canada Polysilicon Market, 2019 - 2022, Kilo Tonnes
TABLE 48Canada Polysilicon Market, 2023 - 2030, Kilo Tonnes
TABLE 49Canada Polysilicon Market, By Application, 2019 - 2022, USD Million
TABLE 50Canada Polysilicon Market, By Application, 2023 - 2030, USD Million
TABLE 51Canada Polysilicon Market, By Application, 2019 - 2022, Kilo Tonnes
TABLE 52Canada Polysilicon Market, By Application, 2023 - 2030, Kilo Tonnes
TABLE 53Canada Polysilicon Market, By Solar PV Type, 2019 - 2022, USD Million
TABLE 54Canada Polysilicon Market, By Solar PV Type, 2023 - 2030, USD Million
TABLE 55Canada Polysilicon Market, By Solar PV Type, 2019 - 2022, Kilo Tonnes
TABLE 56Canada Polysilicon Market, By Solar PV Type, 2023 - 2030, Kilo Tonnes
TABLE 57Mexico Polysilicon Market, 2019 - 2022, USD Million
TABLE 58Mexico Polysilicon Market, 2023 - 2030, USD Million
TABLE 59Mexico Polysilicon Market, 2019 - 2022, Kilo Tonnes
TABLE 60Mexico Polysilicon Market, 2023 - 2030, Kilo Tonnes
TABLE 61Mexico Polysilicon Market, By Application, 2019 - 2022, USD Million
TABLE 62Mexico Polysilicon Market, By Application, 2023 - 2030, USD Million
TABLE 63Mexico Polysilicon Market, By Application, 2019 - 2022, Kilo Tonnes
TABLE 64Mexico Polysilicon Market, By Application, 2023 - 2030, Kilo Tonnes
TABLE 65Mexico Polysilicon Market, By Solar PV Type, 2019 - 2022, USD Million
TABLE 66Mexico Polysilicon Market, By Solar PV Type, 2023 - 2030, USD Million
TABLE 67Mexico Polysilicon Market, By Solar PV Type, 2019 - 2022, Kilo Tonnes
TABLE 68Mexico Polysilicon Market, By Solar PV Type, 2023 - 2030, Kilo Tonnes
TABLE 69Rest of North America Polysilicon Market, 2019 - 2022, USD Million
TABLE 70Rest of North America Polysilicon Market, 2023 - 2030, USD Million
TABLE 71Rest of North America Polysilicon Market, 2019 - 2022, Kilo Tonnes
TABLE 72Rest of North America Polysilicon Market, 2023 - 2030, Kilo Tonnes
TABLE 73Rest of North America Polysilicon Market, By Application, 2019 - 2022, USD Million
TABLE 74Rest of North America Polysilicon Market, By Application, 2023 - 2030, USD Million
TABLE 75Rest of North America Polysilicon Market, By Application, 2019 - 2022, Kilo Tonnes
TABLE 76Rest of North America Polysilicon Market, By Application, 2023 - 2030, Kilo Tonnes
TABLE 77Rest of North America Polysilicon Market, By Solar PV Type, 2019 - 2022, USD Million
TABLE 78Rest of North America Polysilicon Market, By Solar PV Type, 2023 - 2030, USD Million
TABLE 79Rest of North America Polysilicon Market, By Solar PV Type, 2019 - 2022, Kilo Tonnes
TABLE 80Rest of North America Polysilicon Market, By Solar PV Type, 2023 - 2030, Kilo Tonnes
TABLE 81Key Information - OCI Company Ltd.
TABLE 82Key Information - Tokuyama Corporation
TABLE 83Key Information - Wacker Chemie AG
TABLE 84Key Information - REC Silicon ASA
TABLE 85Key Information - GCL Technology Holdings Limited
TABLE 86Key Information - Hemlock Semiconductor Operations LLC and Hemlock Semiconductor, L.L.C.
TABLE 87Key Information - DAQO NEW ENERGY CORP.
TABLE 88Key Information - Xinte Energy Co., Ltd.
TABLE 89Key Information - High-purity silicon america corporation
TABLE 90Key Information - Mitsubishi materials corporation

North America Polysilicon Market Size, Share & Trends Analysis Report By Application (Solar PV Multicrystalline Solar Panel, and Monocrystalline Solar Panel), and Electronics (Semiconductor), By Country and Growth Forecast, 2023 - 2030