Electronic Grade Polysilicon Market is Estimated to Reach USD 1,808.59 Million by the end of 2028: Cognitive Market Research

Market Overview:
Electronic Grade Polysilicon is polycrystalline or multi-crystalline silicon, which is high purity, polycrystalline form of silicon used as a raw material by the electronic industry. Polysilicon is developed by chemical purification process known as Siemens process. This process involves distillation of volatile silicon compounds, and their decomposition into silicon at high temperatures.
The market for electronic polysilicon is rising rapidly due to rapidly growing demand for semiconductor devices in the market, which in turn boost demand for market, as it is offered in the form of chunks, rod, chips, which is used for semiconductor and industrial applications.
There is increased adoption of advanced technologies in production process of electronic polysilicon, which includes polysilicon technology used in building blocks for manufactured technologies such as AI, this factor is expected to boost the demand for electronic grade polysilicon market.

Market Insight:
• Global Electronic Grade Polysilicon Market is expected to reach USD 1,808.59 Million by the end of 2028, growing at a CAGR of 5.26% between 2021 and 2028.
• Polysilicon Rod Revenue is anticipated to reach at USD 528.73 Million in 2028

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Market Drivers For Electronic Grade Polysilicon:
• Growing demand in consumer electronic devices and connected devices
Consumer electronic devices become the necessary parts of everyone's day to day life. However, perforation of consumer electronic devices and connected devices is increasing significantly in most of the countries. Due to these factors connected devices and electronic devices manufacturers are focusing on end-to-end testing solutions to improve the quality, which is a main growth factor of the semiconductor equipment packaging and test market. Increasing adoption of integrated circuits and system on chips in various automotive vehicles is positively supporting the adoption of semiconductor test equipment. Increased adoption of advanced connected components in the automotive industry is one of the key growth factors of the semiconductor market across the globe. In addition to this, the automotive industry will be a target industry for the semiconductor manufacturers due to the shifting towards electric vehicles.
Such devices are in demand from several industries, including consumer electronics. With the increasing demand for consumer electronic products, such as flat-screen TVs, refrigerators, washing machines, smart watches, mobile phones, and air conditioners, it has become necessary to produce them in large quantities. Hence, rise in the demand in consumer electronic devices and connected devices boos the market of electronic grade polysilicon globally.
Rise in the demand of industrial automation
• Restraints for Electronic Grade Polysilicon Market
Dynamic nature of the semiconductors industry
• Opportunities for Electronic Grade Polysilicon Market
Growing demand of hardware used in AI applications

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Market Segmentation:
Type:
• Polysilicon Rod
The polysilicon rod obtained onto a filament rod by depositing high-purity silicon from a silicon-containing reaction gas for floating zone applications.

• Polysilicon Chip
Polysilicon chips are produced by the complex chemical purification process which involves extracting volatile silicon compounds by extra rotting silicon at elevated temperatures. It finds is application in both electronics and semiconductor segments so they are a substance of high demand.

Application:
• 300mm Wafer
The 300 mm wafers, finds its applications in the oxidation and polishing of several components, such as the thermal oxides, nitrides and metals. The 300mm silicon wafers have a higher yield per wafer than pervious large diameter silicon wafers. Thus, the amount of wafer chips that can be produced on one wafer die.

• 200mm Wafer
These are generally referred to 8-inch diameter wafers. The automotive industries was among the first one to use the devices fabricated on 200mm wafers. However, the 200mm wafer fabrication equipment (WFE) market is steadily shrinking and is expected to shrink father in the following years.

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Competitive Analysis for Electronic Grade Polysilicon Market:
Tokuyama, Wacker Chemie, Hemlock Semiconductor, Mitsubishi Materials, OSAKA Titanium Technologies, OCI, REC Silicon, GCL Poly Energy, Huanghe Hydropower, Yichang CSG

• Wacker Chemie AG
The company offers its products for wide range of application which includes adhesives, agrochemical solutions, antifoams, architectural coatings automotive, aerospace & railway, carpet, chemical industry, composites, electrics, electronics & lighting, energy, food, household & cleaning solutions, industrial coatings, medical solutions, renewable energies and many more.

NEWS:
June 2019
• WACKER Expanded Silicone Elastomer Production in China
WACKER has established new production line for silicone elastomers at its Zhangjiagang site in China which has the annual capacity of several thousand metric tons and is expected to support WACKER's future growth path in China and improve the availability of high consistency silicone rubber (HCR) in the Asia-Pacific region.

• Hemlock Semiconductor Operations LLC
Hemlock Semiconductor LLC manufactures and supplies hyper-pure polycrystalline silicon used for manufacturing process of semiconductor devices. The company offers several products, which include polysilicon, chlorosilanes, electronics and solar-based products.

Related Report:
• Electronic Grade Rare Gas Market- https://www.cognitivemarketresearch.com/electronic-grade-rare-gas-market-report
• Electronic Grade Gases Market- https://www.cognitivemarketresearch.com/electronic-grade-gases-market-report
• Electronic Grade Sulphuric Acid Market- https://www.cognitivemarketresearch.com/electronic-grade-sulphuric-acid-market-report
• Electronic Grade Hydrofluoric Acid Market- https://www.cognitivemarketresearch.com/electronic-grade-hydrofluoric-acid-market-report

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Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.

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