Albany, NY -- (SBWIRE) -- 03/18/2019 -- The global polysilicon market is estimated to be valued at US$ 7.1 Bn by 2018 end and is expected to reach US$ 11.8 Bn by the end of 2028, expanding at a CAGR of 5.2% over the forecast period. The global polysilicon market is anticipated to represent an incremental opportunity of US$ 4.7 Bn between 2018 and 2028.

Massive investments in expansion of solar capacity across the globe is a key driving factor for the growth of the polysilicon market. Governments of developing and developed countries and industrial sectors are emphasizing on the expansion of renewable energy sources, in which solar energy appears to show high potential. Thus, policy makers, regulatory bodies and industrial sectors are investing enormously in the solar energy sector. This is generating remarkable demand for solar panels across the globe. Since polysilicon is the major raw material used for solar PV panels, demand for polysilicon is increasing steadily across the globe. Moreover, rapid growth in the electronics industry due to the swiftly rising demand for industrial as well as consumer electronic products has also been fuelling the demand for raw materials, such as polysilicon, required for the manufacturing of electronics and semiconductor components. Thus, growing consumer electronics products market across the globe will, in turn, drive the polysilicon market.

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However, imposition of antidumping and countervailing duty by China on the US polysilicon and by the US on China Solar panels, has hampered the growth of polysilicon market. However, massive investments by the Chinese government in the solar industry will help to cope up with the impact on the polysilicon market.

From a regional perspective, the polysilicon market is dominated by China in terms of production and consumption. It is expected that the polysilicon market in China is projected to witness relatively healthy growth over the forecast period. This can be mainly attributed to the rising government investments in the solar industry and significant growth of the electronics and semiconductor industry in China. Moreover, the India polysilicon market is estimated to register a double-digit CAGR over the forecast period. In terms of consumption, SEA and India, together, are estimated to hold over 27% of the polysilicon market in 2018. However, the detrimental impact of antidumping and countervailing duty on the North America polysilicon market will slow down the growth of the market during the initial forecast years.

To understand and assess market opportunities and trends, the global polysilicon market report is categorically split into different sections based on grade and regions. The report starts with the market overview and provides market definition and taxonomy along with value chain, drivers, supply demand scenario & pricing analysis pertaining to the market. The sections that follow include global polysilicon market analysis by grade and regional/country level analysis. All the above sections evaluate the market on the basis of various factors affecting the market. Each section discusses the qualitative and quantitative aspects of the global polysilicon market. To give a brief idea about revenue opportunities from the end-use, delivery form and region/country-wise segments, the report also provides market value (US$ Mn) data, growth rates, market shares and total incremental $ opportunity indices for each segment over the forecast period (2018-2028).

In the final section of the report, we have provided a detailed competition landscape with company market share and performance in order to provide report audiences with a dashboard view of key players operating in the global polysilicon market along with their business strategies. This would enable clients to assess strategies deployed by market leaders and help them develop effective strategies accordingly.

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Vendor Insights

The global polysilicon market is a highly consolidated market. Top three polysilicon manufacturer are responsible for around half of the global market share. The polysilicon market is fragmented in China and South Korea regions. Some of the players reported in this study on the global Polysilicon market are Wacker Chemie AG, OCI Company Ltd., GCL-Poly Energy Holdings Limited., TBEA Co. Ltd, REC Silicon ASA., CSG Holdings Co., Ltd., Tokuyama Corporation, Daqo New Energy Co., Ltd., Mitsubishi Materials corporation, Hanwha Chemical Co., Ltd, Asia Silicon, Osaka Titanium Technologies Co., Ltd., Qatar Solar Technologies and Hemlock Semiconductor Corporation, among others.

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