Polysilicon Market Segments, Top Key Players, Drivers And Trends 2022

The research report "Polysilicon Market - By Form (Chunks, Granules, Rods), By End User (Solar PV, Electronics) and Geography- Global/Region/Country Forecast to 2028." The polysilicon market size is valued at USD 7,823.9 million in 2021 and is anticipated to grow at a considerable CAGR rate of 5.5% during the forthcoming years 2022-2028.

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An Overview of the Polysilicon Market:
Polysilicon market report provides granular level data regarding historic market and market share and forecasting. Thorough insights regarding competitor's key findings, their key strategies and overview on them is provided in this market report. It also talks about granular level information regarding regional market share, market size and forecast for the period 2022-2028

The global market report aims at providing a complete overview which can be segmented on the basis of end-user and form. The polysilicon market has been segmented into Rods, Chunks and Granules on the basis of form. Among these segments, the chunks segment is likely to be the rapidly growing and biggest segment in terms of type. The polysilicon market is classified into Electronics and Solar PV on the basis of end-users. The solar PV sector is anticipated to witness the rapidly growing market amid these two sectors during the forthcoming years 2022-2028. REC Silicon ASA, Norway based silicon and polysilicon gas supplier stated in May 2021 that it would be restarting its Lake Moses Plant in Washington in 2023.

The global PV segment is anticipated to value at a rate of 25% annually according to the International Energy Agency (IEA). Tax exemption in the solar industry and the clean energy policy goals are projected to increase the demand over the coming years. Hence, increase in the demand for semiconductors and Photovoltaics is projected to impel the market growth over the forthcoming years.

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Asia Pacific accounted for significant share in the Polysilicon market:
The global polysilicon market report provides a complete outlook on the market across the globe making special focus on the major regions such as Asia Pacific, Latin America, Europe, North America, Middle East and Africa. Asia Pacific market is anticipated to account for the highest share in the market during the assessment period on the basis of region and the demand is anticipated to be very high from economies such as India and China. It can be attributed to the government backing for the industry and fast development of the Chinese solar industry.

Competitive Analysis - Polysilicon Market:
Major players working in the polysilicon market are LDK Solar Co. Ltd, OCI Company Ltd., REC Silicon ASA, SunEdison Inc. and Tokuyama Corporation. These players in the market hugely focus on following key strategies such as mergers, acquisitions, major collaborations and novel products to enhance the product offering and retain their position in the market.

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