In 2015, the global polysilicon market was valued at USD 5.49 Billion. It is expected to grow at 10.2% CAGR between 2016 and 2025. Over the forecast period, growth is expected to be driven by increasing demand for semiconductors and photovoltaics. In the next few years, clean energy policy goals and exemptions from tax in the solar industry will likely increase demand. According to the International Energy Agency, the global PV sector will grow at a rate 25% per year.
Two of the most important production methods used for the manufacture of polycrystalline silica (polySi) are the fluidized bed reactors (FBR), and the Siemens process. Different production techniques are preferred by manufacturers depending on their end-use and production scale.
Volume of U.S. Polysilicon Market by Application, 2014-2025 (Kilo Tons).
Companies operating in this market have taken strategic steps to invest, expand, and secure long-term contracts. Wacker spent USD 2.5 billion on the development of Tennessee, the U.S.-based polysilicon manufacturing facility. The annual production capacity is more than 20,000 tons.
In the next few years, consolidations are also possible in the market. OCI Company Ltd. announced in September 2016 that it would acquire Tokuyama's Malaysian operations of polysilicon by March 2017.
The manufacture of semiconductors and solar photovoltaic panels is a common use for polysilicon. Due to the upcoming clean energy projects in many countries, the photovoltaic sector is expected to experience an exponential growth.
FBR technology is still the best way to make 8N-purity poly-Si. It's the best method of making solar grade silicon (SGSi). FBR technology allows for continuous production and lowers energy consumption. According to REC Silicon the FBR process allows for SG-Si to be manufactured at a lower cost and reduces energy consumption by 80% compared to the Siemens technology.
According to the Institute of Electrical and Electronics Engineers Journal of Photovoltaic (IEEE), approximately 80% of polysilicon production in 2000 was consumed by semiconductor industry. The industry saw a significant trend change in 2008, when the solar sector consumed 60 to 80% of its production.
Market share of polysilicon by application in 2015
Electronic grade silicon (EGSi) can be used to fabricate single crystal silicon for integrated circuits (IC), very big scale integration (VLSI), or ultra-scale integration. High purity poly-Si is required for electronics. It can range from 9N to 11N. The Siemens process is used for the production of EG-Si that meets high purity and resistivity standards.
Asia Pacific held the largest share of 2015's total market due to its rapid growth in the solar energy sector, technological advances, high GDP growth rates and growing demand for electronic products. China, Japan, South Korea, and South Korea are the main poly-Siproducers in the region.
North America accounted for the second largest market share. It is expected that North America will grow at around 10% CAGR over the forecast period. The market has seen a surge in growth due to initiatives taken by the U.S. to reduce carbon footprints and increase production of consumer electronics.
Due to major solar PV installations projects in South America, Chile, Brazil and Honduras, Central & South America is expected to grow at the second-highest CAGR.
Wacker Chemie is one of the most prominent companies in this market.
Companies in this industry have had to deal with many challenges over the years such as plant shut downs, antidumping regulations and oversupply. The market will experience more balance in supply and demand, price stability, profitability, and greater efficiency over the forecast period. Forward integration strategies have been adopted by companies and they are now entering the photovoltaic and semiconductor sectors.
This report forecasts revenue growth and gives an analysis of the most recent trends in each sub-segment from 2014 to 2025. Up Market Research has divided the global polysilicon market based on application and location.
Photovoltaic
Electronics
North America
The U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Asia Pacific
China
India
Japan
South Korea
Australia
Middle East and Africa
South Africa
Algeria
Central & South America
Chile
Honduras
Up Market Research published a new report titled “Polysilicon Market research report which is segmented by Application (Electronics, Photovoltaic), By Players/Companies TBEA Co Ltd, OIC Chemical, LDK Solar Co Ltd, Tokuyama Corporation, Hemlock Semiconductor Group, REC Silicon, DAQO New Energy, Wacker Chemie, SunEdison, GCL-Poly”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | Polysilicon Market Research Report |
By Application | Electronics, Photovoltaic |
By Companies | TBEA Co Ltd, OIC Chemical, LDK Solar Co Ltd, Tokuyama Corporation, Hemlock Semiconductor Group, REC Silicon, DAQO New Energy, Wacker Chemie, SunEdison, GCL-Poly |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 247 |
Number of Tables & Figures | 173 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Application (Electronics, Photovoltaic).
Polysilicon Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Polysilicon Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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