Polysilicon Market Growth Analysis, Trends Forecast by Regions and Types to 2025

Posted on 2021-12-03 by researchinsights in Chemicals // 0 Comments

San Jose, California , USA, Dec 03, 2021 — /EPR Network/ —

The Polysilicon Market report provides a detailed evaluation of the industry by highlighting information on different aspects which include drivers, restraints, growth opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing. It also provides a detailed analysis of global market size, regional and country-level market size, competitive landscape, impact of domestic market players and value chain optimization. Furthermore, it sheds light on the market contribution, recent developments and successful marketing strategies of leading companies.

Market Insights

The global polysilicon market size was estimated at USD 5.49 billion in 2015 and is expected to reach USD 13.56 billion by 2025, with a CAGR of 10.2%. Polysilicon, known as poly-Si or polycrystalline, is considered to be one of the purest form of silicon material, the second most abundant element available in nature. It consists of silicon crystals that differ from single-crystal silicon, which can be used for electronics and solar cells, it is used as feedstock material in most of the solar power energy applications. Polysilicon also referred to as polycrystalline silicon is a pure form of silicon and is the earth’s most abundantly found element.

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The key factors driving the market growth of the polysilicon industry are solar cells, emerging economies, and semiconductor market. Major markets of polysilicon are semiconductor industry and solar industry. Semiconductor industry polysilicon is transformed into silicon crystalline substance that results in electric device such as integrated circuits which forms the key module for electronic products. Multi or mono crystalline silicon substrates are used for making power cells constituting of polysilicon substrate as the key component.

Increasing demand for semiconductors and solar PV (photo voltaic) production is expected to drive the market growth for polysilicon manufacturers. They are extensively used in production of silicon solar cells. These Solar PV cells utilize and absorb sunlight to convert it into power or electricity and hence they are used as power generation resources. The solar energy demand is increasing owing to the environmental benefits and cost effectiveness that it provides to the end users. Solar PV cells do not release any harmful particles into the environment as compared to other forms of energy resources.

Polysilicon is also used extensively in semiconductor market due to its high electron carrier mobility which will allow smaller transistors resulting in efficient and high speed circuits. Semiconductors are used in many electronic products as an integrated circuit consists computer processors, memory and special devices for optimum efficiency. These semiconductors contain polysilicon at low temperature majorly used in for smaller displays with higher resolution, such as mobile phones and digital cameras which consist of smaller display.

Key Players Analysis covered in these report

MEMC
Wacker
LDK Solar
CSG Holding
Hemlock
Tokuyama and many others

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North America is expected to be the largest market owing to increased installation of photovoltaics in this region. Technological innovations and development of IT systems is expected to boost the market growth. Asia pacific estimated to witness significant growth rate over the forecast period due to presence of countries including Japan and China that dominate the polysilicon producer market. Japan is estimated to be the top most producer of polysilicon in the global market followed by china and Germany. India is also expected to witness high growth rate owing to the increasing awareness of solar power and its efficiency.

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