Asia Pacific 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 Asia Pacific Polysilicon Market would witness market growth of 13.9% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 524.8 Kilo Tonnes, showcasing a growth of 11.9% (2019-2022).

A notable development in the market is the continuous expansion of solar installations across the globe. Government policies and incentives favorable to solar energy and a growing consciousness regarding its environmental advantages have contributed to an upsurge in solar-powered initiatives. This trend is expected to continue due to the increasing incorporation of solar energy into global energy portfolios.

Additionally, the market has witnessed a notable shift towards multicrystalline silicon, a type of polysilicon known for its cost-effectiveness and improved efficiency. Manufacturers increasingly adopt multicrystalline silicon technologies to meet the growing demand for solar modules with enhanced performance characteristics. Multicrystalline silicon is derived from casting multiple crystals together during the ingot growth. This manufacturing technique results in a structure comprising multiple crystal grains instead of the single crystal structure of monocrystalline silicon. While multicrystalline silicon may have some grain boundaries, it offers advantages in terms of cost-effectiveness and production efficiency.

Government initiatives supporting the electronics manufacturing sector, such as the Production-Linked Incentive (PLI) scheme for electronic manufacturing, can further stimulate the growth of semiconductor and solar manufacturing in the country. These initiatives can create a conducive environment for increased its consumption. Moreover, as per the data from Invest India, the nation's domestic electronics production is expected to reach $ 300 Bn by FY26. India's domestic production has increased at a growth rate of 13% from $49 Bn in FY17 to $101 Bn in FY23. By FY26, the nation's exports of electronic goods are expected to reach $120 billion. Hence, the growing electronics sector in the Asia Pacific will help in the expansion of the regional market.

The China market dominated the Asia Pacific Polysilicon Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $7,155.3 Million by 2030. The Japan market is registering a CAGR of 12.9% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 14.6% 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 China, Japan, India, South Korea, Taiwan, Australia, and Rest of Asia Pacific.

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

Asia Pacific 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)

China
Japan
India
South Korea
Taiwan
Australia
Rest of Asia Pacific

Chapter 1.Market Scope & Methodology

1.1Market Definition
1.2Objectives
1.3Market Scope
1.4Segmentation
- 1.4.1Asia Pacific Polysilicon Market, by Application
- 1.4.2Asia Pacific 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.Asia Pacific Polysilicon Market, By Application

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

Chapter 6.Asia Pacific Polysilicon Market, By Country

6.1China Polysilicon Market
- 6.1.1China Polysilicon Market, By Application
  - 6.1.1.1China Polysilicon Market, By Solar PV Type
6.2Japan Polysilicon Market
- 6.2.1Japan Polysilicon Market, By Application
  - 6.2.1.1Japan Polysilicon Market, By Solar PV Type
6.3India Polysilicon Market
- 6.3.1India Polysilicon Market, By Application
  - 6.3.1.1India Polysilicon Market, By Solar PV Type
6.4South Korea Polysilicon Market
- 6.4.1South Korea Polysilicon Market, By Application
  - 6.4.1.1South Korea Polysilicon Market, By Solar PV Type
6.5Taiwan Polysilicon Market
- 6.5.1Taiwan Polysilicon Market, By Application
  - 6.5.1.1Taiwan Polysilicon Market, By Solar PV Type
6.6Australia Polysilicon Market
- 6.6.1Australia Polysilicon Market, By Application
  - 6.6.1.1Australia Polysilicon Market, By Solar PV Type
6.7Rest of Asia Pacific Polysilicon Market
- 6.7.1Rest of Asia Pacific Polysilicon Market, By Application
  - 6.7.1.1Rest of Asia Pacific 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 1Asia Pacific Polysilicon Market, 2019 - 2022, USD Million
TABLE 2Asia Pacific Polysilicon Market, 2023 - 2030, USD Million
TABLE 3Asia Pacific Polysilicon Market, 2019 - 2022, Kilo Tonnes
TABLE 4Asia Pacific Polysilicon Market, 2023 - 2030, Kilo Tonnes
TABLE 5Asia Pacific Polysilicon Market, By Application, 2019 - 2022, USD Million
TABLE 6Asia Pacific Polysilicon Market, By Application, 2023 - 2030, USD Million
TABLE 7Asia Pacific Polysilicon Market, By Application, 2019 - 2022, Kilo Tonnes
TABLE 8Asia Pacific Polysilicon Market, By Application, 2023 - 2030, Kilo Tonnes
TABLE 9Asia Pacific Solar PV Market, By Country, 2019 - 2022, USD Million
TABLE 10Asia Pacific Solar PV Market, By Country, 2023 - 2030, USD Million
TABLE 11Asia Pacific Solar PV Market, By Country, 2019 - 2022, Kilo Tonnes
TABLE 12Asia Pacific Solar PV Market, By Country, 2023 - 2030, Kilo Tonnes
TABLE 13Asia Pacific Polysilicon Market, By Solar PV Type, 2019 - 2022, USD Million
TABLE 14Asia Pacific Polysilicon Market, By Solar PV Type, 2023 - 2030, USD Million
TABLE 15Asia Pacific Polysilicon Market, By Solar PV Type, 2019 - 2022, Kilo Tonnes
TABLE 16Asia Pacific Polysilicon Market, By Solar PV Type, 2023 - 2030, Kilo Tonnes
TABLE 17Asia Pacific Multicrystalline Solar Panel Market, By Country, 2019 - 2022, USD Million
TABLE 18Asia Pacific Multicrystalline Solar Panel Market, By Country, 2023 - 2030, USD Million
TABLE 19Asia Pacific Multicrystalline Solar Panel Market, By Country, 2019 - 2022, Kilo Tonnes
TABLE 20Asia Pacific Multicrystalline Solar Panel Market, By Country, 2023 - 2030, Kilo Tonnes
TABLE 21Asia Pacific Monocrystalline Solar Panel Market, By Country, 2019 - 2022, USD Million
TABLE 22Asia Pacific Monocrystalline Solar Panel Market, By Country, 2023 - 2030, USD Million
TABLE 23Asia Pacific Monocrystalline Solar Panel Market, By Country, 2019 - 2022, Kilo Tonnes
TABLE 24Asia Pacific Monocrystalline Solar Panel Market, By Country, 2023 - 2030, Kilo Tonnes
TABLE 25Asia Pacific Electronics (Semiconductor) Market, By Country, 2019 - 2022, USD Million
TABLE 26Asia Pacific Electronics (Semiconductor) Market, By Country, 2023 - 2030, USD Million
TABLE 27Asia Pacific Electronics (Semiconductor) Market, By Country, 2019 - 2022, Kilo Tonnes
TABLE 28Asia Pacific Electronics (Semiconductor) Market, By Country, 2023 - 2030, Kilo Tonnes
TABLE 29Asia Pacific Polysilicon Market, By Country, 2019 - 2022, USD Million
TABLE 30Asia Pacific Polysilicon Market, By Country, 2023 - 2030, USD Million
TABLE 31Asia Pacific Polysilicon Market, By Country, 2019 - 2022, Kilo Tonnes
TABLE 32Asia Pacific Polysilicon Market, By Country, 2023 - 2030, Kilo Tonnes
TABLE 33China Polysilicon Market, 2019 - 2022, USD Million
TABLE 34China Polysilicon Market, 2023 - 2030, USD Million
TABLE 35China Polysilicon Market, 2019 - 2022, Kilo Tonnes
TABLE 36China Polysilicon Market, 2023 - 2030, Kilo Tonnes
TABLE 37China Polysilicon Market, By Application, 2019 - 2022, USD Million
TABLE 38China Polysilicon Market, By Application, 2023 - 2030, USD Million
TABLE 39China Polysilicon Market, By Application, 2019 - 2022, Kilo Tonnes
TABLE 40China Polysilicon Market, By Application, 2023 - 2030, Kilo Tonnes
TABLE 41China Polysilicon Market, By Solar PV Type, 2019 - 2022, USD Million
TABLE 42China Polysilicon Market, By Solar PV Type, 2023 - 2030, USD Million
TABLE 43China Polysilicon Market, By Solar PV Type, 2019 - 2022, Kilo Tonnes
TABLE 44China Polysilicon Market, By Solar PV Type, 2023 - 2030, Kilo Tonnes
TABLE 45Japan Polysilicon Market, 2019 - 2022, USD Million
TABLE 46Japan Polysilicon Market, 2023 - 2030, USD Million
TABLE 47Japan Polysilicon Market, 2019 - 2022, Kilo Tonnes
TABLE 48Japan Polysilicon Market, 2023 - 2030, Kilo Tonnes
TABLE 49Japan Polysilicon Market, By Application, 2019 - 2022, USD Million
TABLE 50Japan Polysilicon Market, By Application, 2023 - 2030, USD Million
TABLE 51Japan Polysilicon Market, By Application, 2019 - 2022, Kilo Tonnes
TABLE 52Japan Polysilicon Market, By Application, 2023 - 2030, Kilo Tonnes
TABLE 53Japan Polysilicon Market, By Solar PV Type, 2019 - 2022, USD Million
TABLE 54Japan Polysilicon Market, By Solar PV Type, 2023 - 2030, USD Million
TABLE 55Japan Polysilicon Market, By Solar PV Type, 2019 - 2022, Kilo Tonnes
TABLE 56Japan Polysilicon Market, By Solar PV Type, 2023 - 2030, Kilo Tonnes
TABLE 57India Polysilicon Market, 2019 - 2022, USD Million
TABLE 58India Polysilicon Market, 2023 - 2030, USD Million
TABLE 59India Polysilicon Market, 2019 - 2022, Kilo Tonnes
TABLE 60India Polysilicon Market, 2023 - 2030, Kilo Tonnes
TABLE 61India Polysilicon Market, By Application, 2019 - 2022, USD Million
TABLE 62India Polysilicon Market, By Application, 2023 - 2030, USD Million
TABLE 63India Polysilicon Market, By Application, 2019 - 2022, Kilo Tonnes
TABLE 64India Polysilicon Market, By Application, 2023 - 2030, Kilo Tonnes
TABLE 65India Polysilicon Market, By Solar PV Type, 2019 - 2022, USD Million
TABLE 66India Polysilicon Market, By Solar PV Type, 2023 - 2030, USD Million
TABLE 67India Polysilicon Market, By Solar PV Type, 2019 - 2022, Kilo Tonnes
TABLE 68India Polysilicon Market, By Solar PV Type, 2023 - 2030, Kilo Tonnes
TABLE 69South Korea Polysilicon Market, 2019 - 2022, USD Million
TABLE 70South Korea Polysilicon Market, 2023 - 2030, USD Million
TABLE 71South Korea Polysilicon Market, 2019 - 2022, Kilo Tonnes
TABLE 72South Korea Polysilicon Market, 2023 - 2030, Kilo Tonnes
TABLE 73South Korea Polysilicon Market, By Application, 2019 - 2022, USD Million
TABLE 74South Korea Polysilicon Market, By Application, 2023 - 2030, USD Million
TABLE 75South Korea Polysilicon Market, By Application, 2019 - 2022, Kilo Tonnes
TABLE 76South Korea Polysilicon Market, By Application, 2023 - 2030, Kilo Tonnes
TABLE 77South Korea Polysilicon Market, By Solar PV Type, 2019 - 2022, USD Million
TABLE 78South Korea Polysilicon Market, By Solar PV Type, 2023 - 2030, USD Million
TABLE 79South Korea Polysilicon Market, By Solar PV Type, 2019 - 2022, Kilo Tonnes
TABLE 80South Korea Polysilicon Market, By Solar PV Type, 2023 - 2030, Kilo Tonnes
TABLE 81Taiwan Polysilicon Market, 2019 - 2022, USD Million
TABLE 82Taiwan Polysilicon Market, 2023 - 2030, USD Million
TABLE 83Taiwan Polysilicon Market, 2019 - 2022, Kilo Tonnes
TABLE 84Taiwan Polysilicon Market, 2023 - 2030, Kilo Tonnes
TABLE 85Taiwan Polysilicon Market, By Application, 2019 - 2022, USD Million
TABLE 86Taiwan Polysilicon Market, By Application, 2023 - 2030, USD Million
TABLE 87Taiwan Polysilicon Market, By Application, 2019 - 2022, Kilo Tonnes
TABLE 88Taiwan Polysilicon Market, By Application, 2023 - 2030, Kilo Tonnes
TABLE 89Taiwan Polysilicon Market, By Solar PV Type, 2019 - 2022, USD Million
TABLE 90Taiwan Polysilicon Market, By Solar PV Type, 2023 - 2030, USD Million
TABLE 91Taiwan Polysilicon Market, By Solar PV Type, 2019 - 2022, Kilo Tonnes
TABLE 92Taiwan Polysilicon Market, By Solar PV Type, 2023 - 2030, Kilo Tonnes
TABLE 93Australia Polysilicon Market, 2019 - 2022, USD Million
TABLE 94Australia Polysilicon Market, 2023 - 2030, USD Million
TABLE 95Australia Polysilicon Market, 2019 - 2022, Kilo Tonnes
TABLE 96Australia Polysilicon Market, 2023 - 2030, Kilo Tonnes
TABLE 97Australia Polysilicon Market, By Application, 2019 - 2022, USD Million
TABLE 98Australia Polysilicon Market, By Application, 2023 - 2030, USD Million
TABLE 99Australia Polysilicon Market, By Application, 2019 - 2022, Kilo Tonnes
TABLE 100Australia Polysilicon Market, By Application, 2023 - 2030, Kilo Tonnes
TABLE 101Australia Polysilicon Market, By Solar PV Type, 2019 - 2022, USD Million
TABLE 102Australia Polysilicon Market, By Solar PV Type, 2023 - 2030, USD Million
TABLE 103Australia Polysilicon Market, By Solar PV Type, 2019 - 2022, Kilo Tonnes
TABLE 104Australia Polysilicon Market, By Solar PV Type, 2023 - 2030, Kilo Tonnes
TABLE 105Rest of Asia Pacific Polysilicon Market, 2019 - 2022, USD Million
TABLE 106Rest of Asia Pacific Polysilicon Market, 2023 - 2030, USD Million
TABLE 107Rest of Asia Pacific Polysilicon Market, 2019 - 2022, Kilo Tonnes
TABLE 108Rest of Asia Pacific Polysilicon Market, 2023 - 2030, Kilo Tonnes
TABLE 109Rest of Asia Pacific Polysilicon Market, By Application, 2019 - 2022, USD Million
TABLE 110Rest of Asia Pacific Polysilicon Market, By Application, 2023 - 2030, USD Million
TABLE 111Rest of Asia Pacific Polysilicon Market, By Application, 2019 - 2022, Kilo Tonnes
TABLE 112Rest of Asia Pacific Polysilicon Market, By Application, 2023 - 2030, Kilo Tonnes
TABLE 113Rest of Asia Pacific Polysilicon Market, By Solar PV Type, 2019 - 2022, USD Million
TABLE 114Rest of Asia Pacific Polysilicon Market, By Solar PV Type, 2023 - 2030, USD Million
TABLE 115Rest of Asia Pacific Polysilicon Market, By Solar PV Type, 2019 - 2022, Kilo Tonnes
TABLE 116Rest of Asia Pacific Polysilicon Market, By Solar PV Type, 2023 - 2030, Kilo Tonnes
TABLE 117Key Information - OCI Company Ltd.
TABLE 118Key Information - Tokuyama Corporation
TABLE 119Key Information - Wacker Chemie AG
TABLE 120Key Information - REC Silicon ASA
TABLE 121Key Information - GCL Technology Holdings Limited
TABLE 122Key Information - Hemlock Semiconductor Operations LLC and Hemlock Semiconductor, L.L.C.
TABLE 123Key Information - DAQO NEW ENERGY CORP.
TABLE 124Key Information - Xinte Energy Co., Ltd.
TABLE 125Key Information - High-purity silicon america corporation
TABLE 126Key Information - Mitsubishi materials corporation

Asia Pacific 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