Polysilicon Market Detailed Analysis & Focusing on Key Leaders - GCL-Poly Energy Holdings Limited, Wacker Chemie AG, Daqo New Energy Corp., OCI Company Ltd., and Xinte Energy Co., Ltd.

Polysilicon or polycrystalline silicon is a highly pure form of silicon and is an essential material for photovoltaic (PV) and the electronics industry. It is widely used for manufacturing high-efficiency modules, ingots, wafers, cells, and solar power generation systems.

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Polysilicon is manufactured in two forms — granular polysilicon and chunk polysilicon — depending on the production technology. Government initiatives such as tax exemption for the solar energy industry and renewable energy policies are major factors boosting demand for polysilicon over the forecast period.

Polysilicon Market Outlook

- Asia Pacific is projected to witness highest growth rate in the global polysilicon market over the forecast period. This is owing to increasing demand for consumer electronics and semiconductors in China and India. According to India Brand Equity Foundation’s (IBEF) report published in June 2017, Indian electronics market was valued at US$ 100.0 billion in 2016 and is expected to reach USD 400.0 billion by 2020, growing at a CAGR of 41.4% during the period.

Key Players

Key players operating in the global polysilicon market include GCL-Poly Energy Holdings Limited, Wacker Chemie AG, Daqo New Energy Corp., OCI Company Ltd., and Xinte Energy Co., Ltd. Other companies dealing in the industry include Fluor Corporation, Targray, and others.

Polysilicon Market Taxonomy

On the basis of manufacturing technology, the global polysilicon market is segmented into:

Siemens Process
Fluidized Bed Reactor (FBR) Process

On the basis of application, the global polysilicon market is segmented into:

Photovoltaic
Electronics

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