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Polysilicon Market Report by Manufacturing Technology (Siemens Process, Fluidized Bed Reactor (FBR) Process, Upgraded Metallurgical-Grade Silicon Process), Form (Chunks, Granules, Rods), Application (Solar Photovoltaic, Electronics), and Region 2024-2032
Market Report I 2024-07-01 I 143 Pages I IMARC Group
The global polysilicon market size reached US$ 10.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 24.2 Billion by 2032, exhibiting a growth rate (CAGR) of 9.01% during 2024-2032. The growing demand for clean energy, rising use of monocrystalline solar panels, and increasing utilization of solar mini grids to provide electricity access in remote areas represent some of the key factors driving the market.
Polysilicon, also known as polycrystalline silicon or poly-Si, is a high-purity form of silicon with multiple crystal structures, which makes it a fundamental component in the manufacturing processes of various industries. It comprises material properties similar to single crystal silicon and can be doped by introducing impurities. It is manufactured from grains that tend to increase in size with a rise in film thickness during the high-temperature manufacturing steps. It is an ideal interconnect when used with titanium to form a low-resistivity suicide. It plays a vital role in photovoltaic (PV) module production and serves as the base material for solar cells, which convert sunlight into electricity. It assists in producing solar modules through various processes, such as the purification of raw silicon, deposition into ingots or wafers, subsequent slicing, and processing into solar cells. As it is used in the production of semiconductor devices, such as transistors, diodes, and integrated circuits, the demand for polysilicon is rising across the globe.
Polysilicon Market Trends:
At present, the rising demand for polysilicon to manufacture multicrystalline solar panels represents one of the key factors supporting the growth of the market. Besides this, the growing number of solar photovoltaic (PV) installations due to the increasing demand for clean energy and need to reduce carbon emissions across the globe is offering a favorable market outlook. Moreover, the escalating demand for monocrystalline solar panels that can be installed on rooftops in residential areas is propelling the growth of the market. In addition, there is a rise in the utilization of solar mini grids to provide electricity access to people in remote areas around the world. This, coupled with the growing employment of polysilicon as a resistor and to assure ohmic contacts for hollow junctions, is positively influencing the market. Apart from this, there is an increase in the demand for polysilicon, as it is known to work well in high-temperature processing and junctions efficiently. This, along with the rising demand for heavily doped polysilicon due to its high resistivity compared to single-crystal silicon, is strengthening the growth of the market. Additionally, the increasing usage of consumer electronics, such as TVs, PCs, tablets, smartphones, wearables, speakers and headphones, digital cameras, and gaming consoles, is bolstering the growth of the market.
Polysilicon Industry Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global polysilicon market, along with forecasts at the global, regional, and country levels from 2024-2032. Our report has categorized the market based on manufacturing technology, form, and application.
Breakup by Manufacturing Technology:
Siemens Process
Fluidized Bed Reactor (FBR) Process
Upgraded Metallurgical-Grade Silicon Process
The report has provided a detailed breakup and analysis of the polysilicon market based on the manufacturing technology. This includes siemens process, fluidized bed reactor (FBR) process, and upgraded metallurgical-grade silicon process. According to the report, siemens process represented the largest segment.
Breakup by Form:
Chunks
Granules
Rods
A detailed breakup and analysis of the polysilicon market based on the form has also been provided in the report. This includes chunks, granules, and rods. According to the report, rods accounted for the largest market share.
Breakup by Application:
Solar Photovoltaic
Electronics
A detailed breakup and analysis of the polysilicon market based on the application has also been provided in the report. This includes solar photovoltaic and electronics. According to the report, solar photovoltaic accounted for the largest market share.
Breakup by Region:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific was the largest market for polysilicon. Some of the factors driving the Asia Pacific polysilicon market included the growing number of solar panels, rising adoption of renewable energy, increasing utilization of consumer electronics, etc.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global polysilicon market. Detailed profiles of all major companies have been provided. Some of the companies covered include Asia Silicon (Qinghai)Co. Ltd., Daqo New Energy Corp., GCL (Group) Holdings Co. Ltd., Hemlock Semiconductor Operations LLC (Corning Inc., Shin-Etsu Handotai Co. Ltd.), High-Purity Silicon America Corporation (Mitsubishi Materials Corporation), OCI Company Ltd., Qatar Solar Technologies, Rec Silicon ASA, Tbea Co. Ltd., Tokuyama Corporation, Wacker Chemie AG, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Questions Answered in This Report:
How has the global polysilicon market performed so far, and how will it perform in the coming years?
What are the drivers, restraints, and opportunities in the global polysilicon market?
What is the impact of each driver, restraint, and opportunity on the global polysilicon market?
What are the key regional markets?
Which countries represent the most attractive polysilicon market?
What is the breakup of the market based on the manufacturing technology?
Which is the most attractive manufacturing technology in the polysilicon market?
What is the breakup of the market based on the form?
Which is the most attractive form in the polysilicon market?
What is the breakup of the market based on the application?
Which is the most attractive application in the polysilicon market?
What is the competitive structure of the global polysilicon market?
Who are the key players/companies in the global polysilicon market?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Polysilicon Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Manufacturing Technology
6.1 Siemens Process
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Fluidized Bed Reactor (FBR) Process
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Upgraded Metallurgical-Grade Silicon Process
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Form
7.1 Chunks
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Granules
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Rods
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Application
8.1 Solar Photovoltaic
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Electronics
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 Drivers, Restraints, and Opportunities
10.1 Overview
10.2 Drivers
10.3 Restraints
10.4 Opportunities
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Asia Silicon (Qinghai)Co. Ltd.
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.2 Daqo New Energy Corp.
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.3 GCL (Group) Holdings Co. Ltd.
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.4 Hemlock Semiconductor Operations LLC (Corning Inc., Shin-Etsu Handotai Co. Ltd.)
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.5 High-Purity Silicon America Corporation (Mitsubishi Materials Corporation)
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.6 OCI Company Ltd.
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.7 Qatar Solar Technologies
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.8 Rec Silicon ASA
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.9 Tbea Co. Ltd.
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.10 Tokuyama Corporation
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.11 Wacker Chemie AG
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
Figure 1: Global: Polysilicon Market: Major Drivers and Challenges
Figure 2: Global: Polysilicon Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Polysilicon Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Polysilicon Market: Breakup by Manufacturing Technology (in %), 2023
Figure 5: Global: Polysilicon Market: Breakup by Form (in %), 2023
Figure 6: Global: Polysilicon Market: Breakup by Application (in %), 2023
Figure 7: Global: Polysilicon Market: Breakup by Region (in %), 2023
Figure 8: Global: Polysilicon (Siemens Process) Market: Sales Value (in Million US$), 2018 & 2023
Figure 9: Global: Polysilicon (Siemens Process) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 10: Global: Polysilicon (Fluidized Bed Reactor (FBR) Process) Market: Sales Value (in Million US$), 2018 & 2023
Figure 11: Global: Polysilicon (Fluidized Bed Reactor (FBR) Process) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 12: Global: Polysilicon (Upgraded Metallurgical-Grade Silicon Process) Market: Sales Value (in Million US$), 2018 & 2023
Figure 13: Global: Polysilicon (Upgraded Metallurgical-Grade Silicon Process) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 14: Global: Polysilicon (Chunks) Market: Sales Value (in Million US$), 2018 & 2023
Figure 15: Global: Polysilicon (Chunks) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 16: Global: Polysilicon (Granules) Market: Sales Value (in Million US$), 2018 & 2023
Figure 17: Global: Polysilicon (Granules) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 18: Global: Polysilicon (Rods) Market: Sales Value (in Million US$), 2018 & 2023
Figure 19: Global: Polysilicon (Rods) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 20: Global: Polysilicon (Solar Photovoltaic) Market: Sales Value (in Million US$), 2018 & 2023
Figure 21: Global: Polysilicon (Solar Photovoltaic) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 22: Global: Polysilicon (Electronics) Market: Sales Value (in Million US$), 2018 & 2023
Figure 23: Global: Polysilicon (Electronics) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 24: North America: Polysilicon Market: Sales Value (in Million US$), 2018 & 2023
Figure 25: North America: Polysilicon Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 26: United States: Polysilicon Market: Sales Value (in Million US$), 2018 & 2023
Figure 27: United States: Polysilicon Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 28: Canada: Polysilicon Market: Sales Value (in Million US$), 2018 & 2023
Figure 29: Canada: Polysilicon Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 30: Asia-Pacific: Polysilicon Market: Sales Value (in Million US$), 2018 & 2023
Figure 31: Asia-Pacific: Polysilicon Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 32: China: Polysilicon Market: Sales Value (in Million US$), 2018 & 2023
Figure 33: China: Polysilicon Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 34: Japan: Polysilicon Market: Sales Value (in Million US$), 2018 & 2023
Figure 35: Japan: Polysilicon Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 36: India: Polysilicon Market: Sales Value (in Million US$), 2018 & 2023
Figure 37: India: Polysilicon Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 38: South Korea: Polysilicon Market: Sales Value (in Million US$), 2018 & 2023
Figure 39: South Korea: Polysilicon Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 40: Australia: Polysilicon Market: Sales Value (in Million US$), 2018 & 2023
Figure 41: Australia: Polysilicon Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 42: Indonesia: Polysilicon Market: Sales Value (in Million US$), 2018 & 2023
Figure 43: Indonesia: Polysilicon Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 44: Others: Polysilicon Market: Sales Value (in Million US$), 2018 & 2023
Figure 45: Others: Polysilicon Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 46: Europe: Polysilicon Market: Sales Value (in Million US$), 2018 & 2023
Figure 47: Europe: Polysilicon Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 48: Germany: Polysilicon Market: Sales Value (in Million US$), 2018 & 2023
Figure 49: Germany: Polysilicon Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 50: France: Polysilicon Market: Sales Value (in Million US$), 2018 & 2023
Figure 51: France: Polysilicon Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 52: United Kingdom: Polysilicon Market: Sales Value (in Million US$), 2018 & 2023
Figure 53: United Kingdom: Polysilicon Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 54: Italy: Polysilicon Market: Sales Value (in Million US$), 2018 & 2023
Figure 55: Italy: Polysilicon Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 56: Spain: Polysilicon Market: Sales Value (in Million US$), 2018 & 2023
Figure 57: Spain: Polysilicon Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 58: Russia: Polysilicon Market: Sales Value (in Million US$), 2018 & 2023
Figure 59: Russia: Polysilicon Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 60: Others: Polysilicon Market: Sales Value (in Million US$), 2018 & 2023
Figure 61: Others: Polysilicon Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 62: Latin America: Polysilicon Market: Sales Value (in Million US$), 2018 & 2023
Figure 63: Latin America: Polysilicon Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 64: Brazil: Polysilicon Market: Sales Value (in Million US$), 2018 & 2023
Figure 65: Brazil: Polysilicon Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 66: Mexico: Polysilicon Market: Sales Value (in Million US$), 2018 & 2023
Figure 67: Mexico: Polysilicon Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 68: Others: Polysilicon Market: Sales Value (in Million US$), 2018 & 2023
Figure 69: Others: Polysilicon Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 70: Middle East and Africa: Polysilicon Market: Sales Value (in Million US$), 2018 & 2023
Figure 71: Middle East and Africa: Polysilicon Market: Breakup by Country (in %), 2023
Figure 72: Middle East and Africa: Polysilicon Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 73: Global: Polysilicon Industry: Drivers, Restraints, and Opportunities
Figure 74: Global: Polysilicon Industry: Value Chain Analysis
Figure 75: Global: Polysilicon Industry: Porter's Five Forces Analysis
Table 1: Global: Polysilicon Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Polysilicon Market Forecast: Breakup by Manufacturing Technology (in Million US$), 2024-2032
Table 3: Global: Polysilicon Market Forecast: Breakup by Form (in Million US$), 2024-2032
Table 4: Global: Polysilicon Market Forecast: Breakup by Application (in Million US$), 2024-2032
Table 5: Global: Polysilicon Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 6: Global: Polysilicon Market: Competitive Structure
Table 7: Global: Polysilicon Market: Key Players
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