Polysilicon Market Regional Analysis, Key Players, Industry Segments, Development, Opportunities, Forecast to 2030

Market Scope

MRFR (Market Research Future) suggests that the Polysilicon Market should gain considerable impetus between 2020 and 2030 (analysis period).

Significant Boosters and Key Challenges

With consumer preferences continuously evolving and the need for sustainable and cleaner environment soaring, the use of solar technology in the residential as well as industrial sector has mounted rapidly worldwide. This has been favorable for the raw material sector, including polysilicon. Polysilicon is extensively deployed in the electronics sector as well, for manufacturing a variety of electronics components. The key applications are in resistors, conductors, ohmic contacts for shallow junctions and Integrated Circuits and electronic gates (MOSFETS and CMOS). Semiconductor and electronics industries are some of the leading end-use industries in the polysilicon market and are consistently driving the growth. Technical advances and the large-scale electronic manufacturing and sales will render the polysilicon market quite lucrative in the following years.

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Furthermore, exploding global population, improving economic status of various countries and the heightened demand for durable and modern gadgets also benefit the worldwide market. Meanwhile, the competitive landscape of the global market is considerably intense, given that the companies are constantly making strategical moves such as expansions, agreements, and partnerships to elevate their rankings.

Segmental Analysis

The Polysilicon Market can be considered for manufacturing technology, end-use industry, and structural form.

With respect to manufacturing technology, the global market caters to fluidized bed reactor process, upgraded metallurgical-grade silicon process and siemens process.

The major end-use industries listed in the MRFR study are electronics, solar power generation, and others.

Depending on structural form, the polysilicon industry can be divided into chunks, chips, rods, and granules.

Regional Outlook

The polysilicon industry can be regionally considered for APAC or Asia Pacific, Europe, North America, MEA or Middle East & Africa as well as Latin America.

Asia Pacific took the lead in the global market in the year 2017 and has maintained its winning streak since then. It will stay at the top throughout the conjectured period, thanks to the fast-paced urbanization combined with the significant product demand from major end-use sectors including electronics and solar power. China is the world’s leading provider of solar PV installations and therefore, has emerged as a prominent consumer of polysilicon. Besides, China, Japan and South Korea are some of the top producers of electronic components in the world and as a result, will be highly lucrative markets for polysilicon in the years to come. Apart from this, India has been creating waves in the regional market, backed by the strong efforts by the government in terms of encouraging the use of solar energy. The focus is on attracting foreign companies and developing attractive policies and schemes in this regard. The government of India permits 100% FDI pertaining to generation and distribution of renewable power projects, which should encourage the involvement more and more international vendors in the country. One such initiative is the Make in India scheme, which is helping foster the investments in the semiconductor sector and can mean higher demand for polysilicon in the ensuing years.

MRFR identifies North America as the second highest gainer in the global market for polysilicon, in view of the constant government efforts for encouraging the use of renewable sources of energy including solar energy. The key objective in the U.S. is to reduce the carbon footprints, which should favor the polysilicon industry to a large extent. Additionally, large-scale production and sales of consumer electronics in the region also gives a significant thrust to the growth rate of the polysilicon market.

Lastly, the MEA and Latin American markets are anticipated to note considerable growth in the years ahead, as a result of rapid urbanization as well as industrialization. The fast-paced infrastructural developments across Qatar and UAE, will also ensure smooth market growth in the years to come.

Affluent Companies

Affluent companies in the global market for polysilicon include Tokuyama Corporation (Japan), Mitsubishi Polycrystalline Silicon America Corporation (US), Wacker Chemie AG (Germany), OCI Solar Power LLC (US), Hemlock Semiconductor Operations and Hemlock Semiconductor (US), Daqo New Energy Corp. (China), GCL-Poly Energy Holdings Limited (China), REC Silicon ASA (Norway), Qatar Solar Technologies (Qatar), SunEdison Inc. (US), Osaka Titanium Technologies Co. Ltd (Japan), to mention a few.

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Latest Updates

March 2021

Xinte, a renowned China-based polysilicon developer is planning to set up a 100,000 tonnes per year production unit in Baotou city, north China in response to the escalating demand for the same in the semiconductor and photovoltaic sectors. This unit will be producing close to 99,050 tonnes per year of electronic-grade polysilicon along with a few by-products such as trichlorosilane, sodium hydroxide and carbon head material.

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Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. MRFR’s approach combines the proprietary information with various data sources to give an extensive understanding to the client about the latest key developments, expected events and also about what action to take based on these aspects.

This release was published on openPR.