Polysilicon Market - Global Outlook & Forecast 2022-2027

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THE GLOBAL POLYSILICON MARKET SIZE IS EXPECTED TO REACH USD 13.95 BILLION BY 2027 FROM USD 9.14 BILLION IN 2021, GROWING AT A CAGR OF 7.30% DURING THE FORECAST PERIOD.

The Global Polysilicon Market Size, Share, & Trends Analysis Report By

  • Forms: Wafers, Granules, And Rods
  • End-Use: Solar And Electronics
  • Geography: North America, Europe, APAC, Latin America, and Middle East & Africa

Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast 2022–2027

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POLYSILICON MARKET REPORT SCOPE

REPORT ATTRIBUTEDETAILS
Market Size (2027)USD 13.95 Billion
Market Size (2021)USD 9.14 Billion
CAGR (2022-2027)7.30%
MARKET SIZE BY VOLUME (2027)804.35 Kilotons
BASE YEAR2021
Forecast Year2022-2027
Market SegmentsForms, End-Use, and Geography
Geographic AnalysisNorth America, Europe, APAC, Latin America, and Middle East & Africa
Key Companies ProfiledGCL Technology, Hemlock Semiconductor LLC, OCI Company Limited, Tongwei Group, and Wacker Chemie AG
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POLYSILICON MARKET ANALYSIS

The polysilicon market is projected to reach USD 13.95 billion by 2027, from USD 9.14 billion in 2021, growing with a CAGR of 7.30% from 2022-2027. The market is classified into three segments based on forms: wafers, granules, and rods. And on the basics of end use, it is classified into two types: solar panel and electronic type polysilicon. The U.S. is the most significant contributor to the North American polysilicon market, accounting for 89.21% of the share. The U.S., major solar energy and electric appliance manufacturer, has a high demand for polysilicon in solar PV and semiconductor manufacturing due to well-developed infrastructure, increased investment in R&D, and global economic dominance.

Polysilicon or polycrystalline silicon is a high-purity form of silicon consisting of several smaller crystals or crystallites. It is a key raw material used in manufacturing solar modules and semiconductor chips. It is used as a semimetal layer in transferring signals in electronic devices and has similar properties as that of single-crystal silicon. It is a key raw material used in manufacturing solar modules and semiconductor chips. It is used for a wide range of applications in these end uses.

Due to increased pollution, it has been observed that there is growth in the adoption of renewable energy production. Hence there is high growth in the solar PV industry as the solar energy market is growing, resulting in high demand for polysilicon in the global polysilicon market. Further growth in the semiconductor industry has dramatically impacted increased demand for polysilicon as it is highly used in manufacturing semiconductor chips. Various governments have imposed anti-dumping policies on polycrystalline silicon, which can be a restraining factor for the industry.

Technological advancement in production can be a good growth opportunity for manufacturers. Growth in renewable energy sources is expected to increase industry share over the forecasted period as it will increase the manufacturing of solar cells. Further, the Asia Pacific region currently holds the largest share of the global polysilicon market, with 37.25%. The vast industry size, emerging economies, and high adoption of renewable energy are the main reason for the high industry share of polysilicon.

POLYSILICON MARKET TRENDS & OPPORTUNITIES

Focus on Renewable Energy Sources
The global economy focuses on energy generation from renewable sources. Due to environmental and climatic changes, there is a shift from carbon-based petroleum derivatives to cleaner alternative energy sources. Renewable energy sources, such as solar, wind, and hydroelectric energy, currently generate about a quarter of the electricity supplied by the power sector. Focusing on renewable energy is an excellent opportunity for the polysilicon market to grow. The global renewable energy generation industry evolved over the past decade, and the electricity-generation capacity grew roughly 8.0% annually, per the IEA. This is due to government strategies and aggressive clean energy objectives reported previously and at the 2021 Climate Change Conference (COP26). Low GHG emissions, low air pollution, low operating expenses, and system resilience lead to sustainable energy industry development.

High Growth in The Solar PV Industry
The global economy focuses on energy generation from renewable sources. Due to environmental and climatic changes, there is a shift from carbon-based petroleum derivatives to cleaner alternative energy sources. Over the past few years, owing to the growing population, economic development, and infrastructure development. In addition, increasing pollution levels, the decline in the price of solar technologies by more than 52% between 2010 and 2020, and the government provision of offering incentives & tax rebates for installing solar panels are contributing to the soaring demand for solar panels, which are a significant contributor to the global polysilicon market.

INDUSTRY RESTRAINTS

Anti-Dumping Policies Related to Polysilicon Market
Dumping is a terminology used in situations where the price of a commodity when sold in an importing country is lower than that commodity's price in the exporting country's market. Antidumping laws prevent products manufactured overseas from being sold by foreign firms in the country at less than upright value. There are four types of dumping in international trade: sporadic dumping, predatory dumping, persistent dumping, and reverse dumping. The world's top organizations, such as World Trade Organisation (WTO) and European Union (EU), are continuously taking measures to discourage countries from dumping by imposing tariffs and taxes.

SEGMENTATION ANALYSIS

INSIGHTS BY FORMS
The wafer form polysilicon is the largest segment in the global polysilicon market, with a market value of USD 5.67 in 2021. The global industry is classified based on form as wafers, granules, and rods. Wafers are used to manufacture solar PV materials. This is because the wafers are generally p-type doped and act as an array of small round cells, and the n-type dopants are applied on the surface to form a p-n junction just below the surface. This p-n junction is usually a few hundred nanometers below the surface. Granular polysilicon is a medium-sized particle generally having an irregular shape. Granular typically contains more hydrogen as compared to rod polysilicon.

INSIGHTS BY END-USE
The solar segment is the largest end-use and fastest-growing segment of the global polysilicon market and is estimated to grow at a CAGR of 7.25% during the forecast period. Polysilicon is mainly used in the manufacture of solar panels. Solar panels are classified into two types based monocrystalline & polycrystalline panels. The main difference between the two types of solar panels is the crystalline purity of the panel cells. Monocrystalline solar panels consist of solar cells, which are manufactured by using a single crystal of silicon.

GEOGRAPHICAL ANALYSIS

APAC holds the largest and fastest growing global polysilicon market share during the forecast period. The major countries in APAC, such as China, Japan, India, Vietnam, and South Korea, have a high demand for polycrystalline silicon. Various factors, such as rapid urbanization, rising disposable income, and rapid industrialization, have fueled the growth of the automotive, power generation, and manufacturing industries. China is one of the largest industries for polycrystalline silicon in the world. China’s industrial and innovation policies focus on increasing solar panel production. In addition, Japan is one of the world’s largest renewable energy industries. The country has good long-term growth potential.

The North American region is the second largest polysilicon market, and it is expected to grow at a considerable rate of 6.16% during the forecasted period. The United States is the largest contributor to the industry, accounting for 89.21% of the North American industry. The solar energy industry has grown hugely in the U.S. with an increased demand for electricity. Also, the demand for polycrystalline silicon is expected to increase owing to the high demand for semiconductors used in various end-use segments such as computer, communications, consumer, industrial and automotive.

VENDOR LANDSCAPE

The global polysilicon market is characterized by the presence of specific international & regional vendors; as international players increase their footprint in the industry, regional vendors will find it increasingly difficult to compete with them. However, some global players in the industry such as Tongwei Group Co., ltd (China), GCL Tech (China), Wacker Chemie AG (Germany), Hemlock Semiconductor LLC (US), OCI Company ltd (South Korea), and many more have developed a complete product portfolio for polycrystalline silicon.

Several players are expected to expand their presence worldwide during the forecast period, especially in the fast-developing countries in APAC, to gain more industry share. One such prominent player, Daqo New Energy Corp, started constructing their new plant in the APAC region. The plant is expected to produce around 35,000 tons of polysilicon annually and then gradually ramp to 105,000 tons yearly.

Frequently Asked Questions

What is the global polysilicon market revenue in 2021?

The global polysilicon market size was valued at USD 9.14 billion in 2021. Factors like high growth in the solar PV industry, the growing semiconductor industry, and high growth in the EV industry are contributing to the industry growth.

What is the projected global polysilicon market size by 2027?

The global polysilicon market share is expected to reach USD 13.95 billion by 2027.

What is the growth rate of the polysilicon market?

The global polysilicon market is expected to grow at a CAGR of 7.30% from 2022 to 2027.

Which region dominates the global Polysilicon Market?

APAC dominates the global polysilicon market and is expected to grow with a CAGR of 7.52% during the forecast period. The large industry share is contributed by factors such as developing economies, a vast population, a large manufacturing sector, a huge automotive industry, rapid industrialization, and technological development.

What are the key growth driving factors in the global Polysilicon Market?

The technological advancement in the production process and focus on renewable energy sources are key factors driving the global polysilicon market.

The polysilicon market is expected to grow at a CAGR of approximately 7.30% from 2022 to 2027.

The following factors are likely to contribute to the growth of the global polysilicon market during the forecast period:

  • High Growth in Solar PV Market
  • Growing Semiconductor Industry
  • High Growth in EV Market

Base Year: 2021

Forecast Year: 2022-2027

The report considers the present scenario of the global polysilicon market and its market dynamics for 2022−2027. It covers a detailed overview of several market growth enablers, restraints, and trends. The study covers both the demand and supply sides of the market. It also profiles and analyzes leading companies and several other prominent companies operating in the market.

Key Vendors

  • GCL Technology
    • Company Overview
    • Business Overview
    • Product Offerings
    • Key Strategies
    • Key Strengths
    • Key Opportunities
  • Hemlock Semiconductor LLC
  • OCI Company Limited
  • Tongwei Group
  • Wacker Chemie AG

Other Prominent Vendors

  • AE Polysilicon
    • Company Overview
    • Product Offerings
  • Asia Silicon (Qinghai) Co., Ltd.
  • Daqo New Energy Corp
  • East Hope Group
  • Mitsubishi Polycrystalline Silicon America Corporation
  • REC Silicon ASA
  • TBEA
  • Tokuyama Corporation
  • Shaanxi Non-ferrous Tian Hong REC Silicon Materials Co., Ltd

Segmentation by Forms

  • Wafers
  • Granules
  • Rods

Segmentation by End-Use

  • Solar
  • Electronics

Segmentation by Geography

  • APAC
    • China
    • South Korea
    • Japan
    • India
    • Vietnam
    • Rest of APAC
  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • Spain
    • France
    • Italy
    • Russia
    • Netherlands
    • Rest of Europe
  • Latin America
    • Brazil
    • Mexico
    • Rest of LA
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • UAE
    • Rest of the Middle East & Africa

EXHIBIT 1 GLOBAL POLYSILICON MARKET: SEGMENTATION
EXHIBIT 2 MARKET SIZE CALCULATION APPROACH 2021
EXHIBIT 3 GLOBAL POLYSILICON MARKET 2021-2027 ($ MILLION)
EXHIBIT 4 IMPACT OF TECHNOLOGICAL ADVANCES IN PRODUCTION PROCESS
EXHIBIT 5 IMPACT OF FOCUS ON RENEWABLE ENERGY SOURCES
EXHIBIT 6 SOLAR PV GLOBAL CAPACITY 2010-2020
EXHIBIT 7 IMPACT OF HIGH GROWTH IN SOLAR PV MARKET
EXHIBIT 8 INSTALLED SOLAR ENERGY CAPACITY ACROSS THE WORLD 2010-2020 (GW)
EXHIBIT 9 IMPACT OF GROWING SEMICONDUCTOR INDUSTRY
EXHIBIT 10 IMPACT OF HIGH GROWTH ON EV MARKET
EXHIBIT 11 IMPACT OF ANTI-DUMPING POLICIES RELATED TO POLYSILICON
EXHIBIT 12 GLOBAL POLYSILICON MARKET 2021–2027 ($ MILLION)
EXHIBIT 13 GLOBAL POLYSILICON MARKET 2021–2027 (KILOTONS)
EXHIBIT 14 FIVE FORCES ANALYSIS 2021
EXHIBIT 15 INCREMENTAL GROWTH BY FORMS 2021 & 2027
EXHIBIT 16 INCREMENTAL GROWTH BY FORMS 2021 & 2027
EXHIBIT 17 CLASSIFICATION OF POLYSILICON BASED ON FORMS
EXHIBIT 18 GLOBAL WAFER FORM POLYSILICON MARKET 2021–2027 ($ MILLION)
EXHIBIT 19 GLOBAL WAFER FORM POLYSILICON MARKET 2021–2027 (KILOTONS)
EXHIBIT 20 GLOBAL GRANULES FORM POLYSILICON MARKET 2021–2027 ($ MILLION)
EXHIBIT 21 GLOBAL GRANULES FORM POLYSILICON MARKET 2021–2027 (KILOTONS)
EXHIBIT 22 GLOBAL RODS FORM POLYSILICON MARKET 2021–2027 ($ MILLION)
EXHIBIT 23 GLOBAL RODS FORM POLYSILICON MARKET 2021–2027 (KILOTONS)
EXHIBIT 24 GLOBAL RODS FORM POLYSILICON MARKET BY GEOGRAPHY 2021−2027 ($ MILLION)
EXHIBIT 25 INCREMENTAL GROWTH BY END-USE 2021 & 2027
EXHIBIT 26 INCREMENTAL GROWTH BY END-USE 2021 & 2027
EXHIBIT 27 CLASSIFICATION OF POLYSILICON BY END-USE
EXHIBIT 28 MONOCRYSTALLINE SOLAR PANELS AND POLYCRYSTALLINE SOLAR PANELS – DIFFERENCE
EXHIBIT 29 GLOBAL SOLAR POLYSILICON MARKET 2021–2027 ($ MILLION)
EXHIBIT 30 GLOBAL SOLAR - POLYSILICON MARKET 2021–2027 (KILOTONS)
EXHIBIT 31 GLOBAL ELECTRONICS POLYSILICON MARKET 2021–2027 ($ MILLION)
EXHIBIT 32 GLOBAL ELECTRONICS POLYSILICON MARKET 2021–2027 (KILOTONS)
EXHIBIT 33 INCREMENTAL GROWTH BY GEOGRAPHY 2021 & 2027
EXHIBIT 34 GLOBAL POLYSILICON MARKET BY GEOGRAPHY (BY REVENUE)
EXHIBIT 35 POLYSILICON MARKET IN NORTH AMERICA 2021–2027 ($ MILLION)
EXHIBIT 36 POLYSILICON MARKET IN NORTH AMERICA 2021–2027 (KILOTONS)
EXHIBIT 37 INCREMENTAL GROWTH IN NORTH AMERICA 2021 & 2027
EXHIBIT 38 KEY INSIGHTS FOR US PV DEPLOYMENT
EXHIBIT 39 TOTAL GLOBAL SEMICONDUCTOR DEMAND BY END-USE 2020 (% SHARE)
EXHIBIT 40 POLYSILICON MARKET IN US 2021–2027 ($ MILLION)
EXHIBIT 41 POLYSILICON MARKET IN CANADA 2021–2027 ($ MILLION)
EXHIBIT 42 POLYSILICON MARKET IN LATIN AMERICA 2021–2027 ($ MILLION)
EXHIBIT 43 POLYSILICON MARKET IN LATIN AMERICA 2021–2027 (KILOTONS)
EXHIBIT 44 INCREMENTAL GROWTH IN LATIN AMERICA 2021 & 2027
EXHIBIT 45 POLYSILICON MARKET IN BRAZIL 2021–2027 ($ MILLION)
EXHIBIT 46 POLYSILICON MARKET IN MEXICO 2021–2027 ($ MILLION)
EXHIBIT 47 POLYSILICON MARKET IN REST OF LATIN AMERICA 2021–2027 ($ MILLION)
EXHIBIT 48 POLYSILICON MARKET IN APAC 2021–2027 ($ MILLION)
EXHIBIT 49 POLYSILICON MARKET IN APAC 2021–2027 (KILOTONS)
EXHIBIT 50 INCREMENTAL GROWTH IN APAC 2021 & 2027
EXHIBIT 51 POLYSILICON MARKET IN CHINA 2021–2027 ($ MILLION)
EXHIBIT 52 POLYSILICON MARKET IN JAPAN 2021–2027 ($ MILLION)
EXHIBIT 53 POLYSILICON MARKET IN INDIA 2021–2027 ($ MILLION)
EXHIBIT 54 POLYSILICON MARKET IN VIETNAM 2021–2027 ($ MILLION)
EXHIBIT 55 POLYSILICON MARKET IN SOUTH KOREA 2021–2027 ($ MILLION)
EXHIBIT 56 POLYSILICON MARKET IN REST OF APAC 2021–2027 ($ MILLION)
EXHIBIT 57 POLYSILICON MARKET IN MIDDLE EAST & AFRICA 2021–2027 ($ MILLION)
EXHIBIT 58 POLYSILICON MARKET IN MIDDLE EAST & AFRICA 2021–2027 (KILOTONS)
EXHIBIT 59 INCREMENTAL GROWTH IN MIDDLE EAST AND AFRICA 2021 & 2027
EXHIBIT 60 POLYSILICON MARKET IN SAUDI ARABIA 2021–2027 ($ MILLION)
EXHIBIT 61 POLYSILICON MARKET IN UAE 2021–2027 ($ MILLION)
EXHIBIT 62 ELECTRONIC RETAIL SALES IN SOUTH AFRICA IN 2021
EXHIBIT 63 POLYSILICON MARKET IN SOUTH AFRICA 2021–2027 ($ MILLION)
EXHIBIT 64 POLYSILICON MARKET IN REST OF MIDDLE EAST & AFRICA 2021–2027 ($ MILLION)
EXHIBIT 65 POLYSILICON MARKET IN EUROPE 2021–2027 ($ MILLION)
EXHIBIT 66 POLYSILICON MARKET IN EUROPE 2021–2027 (KILOTONS)
EXHIBIT 67 INCREMENTAL GROWTH IN EUROPE 2021 & 2027
EXHIBIT 68 POLYSILICON MARKET IN GERMANY 2021–2027 ($ MILLION)
EXHIBIT 69 POLYSILICON MARKET IN SPAIN 2021–2027 ($ MILLION)
EXHIBIT 70 POLYSILICON MARKET IN FRANCE 2021–2027 ($ MILLION)
EXHIBIT 71 POLYSILICON MARKET IN ITALY 2021–2027 ($ MILLION)
EXHIBIT 72 POLYSILICON MARKET IN RUSSIA 2021–2027 ($ MILLION)
EXHIBIT 73 POLYSILICON MARKET IN NETHERLANDS 2021–2027 ($ MILLION)
EXHIBIT 74 POLYSILICON MARKET IN REST OF EUROPE 2021–2027 ($ MILLION)
EXHIBIT 75 GLOBAL POLYSILICON MARKET: RECENT DEVELOPMENTS
EXHIBIT 76 GCL TECH REVENUE 2019-2021 ($ MILLION)
EXHIBIT 77 OCI COMPANY LIMITED: REVENUE 2019-2021 ($ BILLION)
EXHIBIT 78 WACKER CHEMIE AG REVENUE 2019-2021 ($ MILLION)

LIST OF TABLES

TABLE 1 KEY CAVEATS
TABLE 2 CURRENCY CONVERSION 2015−2021
TABLE 3 GLOBAL WAFER FORM POLYSILICON MARKET BY GEOGRAPHY 2021−2027 ($ MILLION)
TABLE 4 GLOBAL WAFER FORM POLYSILICON MARKET BY GEOGRAPHY 2021−2027 (% REVENUE SHARE)
TABLE 5 WAFER FORM POLYSILICON MARKET BY GEOGRAPHY 2021−2027 (KILOTONS)
TABLE 6 WAFER FORM POLYSILICON MARKET BY GEOGRAPHY 2021−2027 (% KILOTON SHARE)
TABLE 7 GLOBAL GRANULES FORM POLYSILICON MARKET BY GEOGRAPHY 2021−2027 ($ MILLION)
TABLE 8 GLOBAL GRANULES FORM POLYSILICON MARKET BY GEOGRAPHY 2021−2027 (%REVENUE SHARE)
TABLE 9 GLOBAL GRANULES FORM POLYSILICON MARKET BY GEOGRAPHY 2021−2027 (KILOTONS)
TABLE 10 GLOBAL GRANULES FORM POLYSILICON MARKET BY GEOGRAPHY 2021−2027 (% KILOTONS SHARE)
TABLE 11 GLOBAL RODS FORM POLYSILICON MARKET BY GEOGRAPHY 2021−2027 (% REVENUE SHARE)
TABLE 12 RODS FORM POLYSILICON MARKET BY GEOGRAPHY 2021−2027 (KILOTONS)
TABLE 13 GLOBAL RODS FORM POLYSILICON MARKET BY GEOGRAPHY 2021−2027 (% KILOTONS SHARE)
TABLE 14 GLOBAL SOLAR POLYSILICON MARKET BY GEOGRAPHY 2021−2027 ($ MILLION)
TABLE 15 GLOBAL SOLAR POLYSILICON MARKET BY GEOGRAPHY 2021−2027 (%)
TABLE 16 GLOBAL SOLAR POLYSILICON MARKET BY GEOGRAPHY 2021−2027 (KILOTONS)
TABLE 17 GLOBAL SOLAR POLYSILICON MARKET BY GEOGRAPHY 2021−2027 (%)
TABLE 18 GLOBAL ELECTRONICS POLYSILICON MARKET BY GEOGRAPHY 2021−2027 ($ MILLION)
TABLE 19 GLOBAL ELECTRONICS POLYSILICON MARKET BY GEOGRAPHY 2021−2027 (%)
TABLE 20 GLOBAL ELECTRONICS POLYSILICON MARKET BY GEOGRAPHY 2021−2027 (KILOTONS)
TABLE 21 GLOBAL ELECTRONICS POLYSILICON MARKET BY GEOGRAPHY 2021−2027 (%)
TABLE 22 POLYSILICON MARKET IN NORTH AMERICA BY FORM 2021−2027 ($ MILLION)
TABLE 23 POLYSILICON MARKET IN NORTH AMERICA BY FORM 2021−2027 (% REVENUE SHARE)
TABLE 24 POLYSILICON MARKET IN NORTH AMERICA BY FORM 2021−2027 (KILOTONS)
TABLE 25 POLYSILICON MARKET IN NORTH AMERICA BY FORM 2021−2027 (% KILOTON SHARE)
TABLE 26 POLYSILICON MARKET IN NORTH AMERICA BY END-USE 2021−2027 ($ MILLION)
TABLE 27 POLYSILICON MARKET IN NORTH AMERICA BY END-USE 2021−2027 (% REVENUE SHARE)
TABLE 28 POLYSILICON MARKET IN NORTH AMERICA BY END-USE 2021−2027 (KILOTONS)
TABLE 29 POLYSILICON MARKET IN NORTH AMERICA BY END-USE 2021−2027 (% KILOTON SHARE)
TABLE 30 POLYSILICON MARKET IN LATIN AMERICA BY FORM 2021−2027 ($ MILLION)
TABLE 31 POLYSILICON MARKET IN LATIN AMERICA BY FORM 2021−2027 (% REVENUE SHARE)
TABLE 32 POLYSILICON MARKET IN LATIN AMERICA BY FORM 2021−2027 (KILOTONS)
TABLE 33 POLYSILICON MARKET IN LATIN AMERICA BY FORM 2021−2027 (% KILOTONS SHARE)
TABLE 34 POLYSILICON MARKET IN LATIN AMERICA BY END-USE 2021−2027 ($ MILLION)
TABLE 35 POLYSILICON MARKET IN LATIN AMERICA BY END-USE 2021−2027 (% REVENUE SHARE)
TABLE 36 POLYSILICON MARKET IN LATIN AMERICA BY END-USE 2021−2027 (KILOTONS)
TABLE 37 POLYSILICON MARKET IN LATIN AMERICA BY END-USE 2021−2027 (% KILOTONS SHARE)
TABLE 38 POLYSILICON MARKET IN APAC BY FORM 2021−2027 ($ MILLION)
TABLE 39 POLYSILICON MARKET IN APAC BY FORM 2021−2027 (% REVENUE SHARE)
TABLE 40 POLYSILICON MARKET IN APAC BY FORM 2021−2027 (KILOTONS)
TABLE 41 POLYSILICON MARKET IN APAC BY FORM 2021−2027 (% KILOTON SHARE)
TABLE 42 POLYSILICON MARKET IN APAC BY END-USE 2021−2027 ($ MILLION)
TABLE 43 POLYSILICON MARKET IN APAC BY END-USE 2021−2027 (% REVENUE SHARE)
TABLE 44 POLYSILICON MARKET IN APAC BY END-USE 2021−2027 (KILOTONS)
TABLE 45 POLYSILICON MARKET IN APAC BY END-USE 2021−2027 (% KILOTONS SHARE)
TABLE 46 POLYSILICON MARKET IN MIDDLE EAST & AFRICA BY FORM 2021−2027 ($ MILLION)
TABLE 47 POLYSILICON MARKET IN MIDDLE EAST & AFRICA BY FORM 2021−2027 (%)
TABLE 48 POLYSILICON MARKET IN MIDDLE EAST & AFRICA BY FORM 2021−2027 (KILOTONS)
TABLE 49 POLYSILICON MARKET IN MIDDLE EAST & AFRICA BY FORM 2021−2027 (%)
TABLE 50 POLYSILICON MARKET IN MIDDLE EAST & AFRICA BY END-USE 2021−2027 ($ MILLION)
TABLE 51 POLYSILICON MARKET IN MIDDLE EAST & AFRICA BY END-USE 2021−2027 (%)
TABLE 52 POLYSILICON MARKET IN MIDDLE EAST & AFRICA BY END-USE 2021−2027 (KILOTONS)
TABLE 53 POLYSILICON MARKET IN MIDDLE EAST & AFRICA BY END-USE 2021−2027 (%)
TABLE 54 POLYSILICON MARKET IN EUROPE BY FORM 2021−2027 ($ MILLION)
TABLE 55 POLYSILICON MARKET IN EUROPE BY FORM 2021−2027 (%)
TABLE 56 POLYSILICON MARKET IN EUROPE BY FORM 2021−2027 (KILOTONS)
TABLE 57 POLYSILICON MARKET IN EUROPE BY FORM 2021−2027 (%)
TABLE 58 POLYSILICON MARKET IN EUROPE BY END-USE 2021−2027 ($ MILLION)
TABLE 59 POLYSILICON MARKET IN EUROPE BY END-USE 2021−2027 (%)
TABLE 60 POLYSILICON MARKET IN EUROPE BY END-USE 2021−2027 (KILOTONS)
TABLE 61 POLYSILICON MARKET IN EUROPE BY END-USE 2021−2027 (%)
TABLE 62 GCL TECH: MAJOR PRODUCT OFFERINGS
TABLE 63 HEMLOCK SEMICONDUCTOR LLC: MAJOR PRODUCT OFFERINGS
TABLE 64 OCI COMPANY LIMITED: MAJOR PRODUCT OFFERINGS
TABLE 65 TONGWEI GROUP CO., LTD: MAJOR PRODUCT OFFERINGS
TABLE 66 WACKER CHEMIE AG: MAJOR PRODUCT OFFERINGS
TABLE 67 AE POLYSILICON: MAJOR PRODUCT OFFERINGS
TABLE 68 ASIA SILICON (QINGHAI) CO., LTD: MAJOR PRODUCT OFFERINGS
TABLE 69 DAQO NEW ENERGY CORPORATION: MAJOR PRODUCT OFFERINGS
TABLE 70 EAST HOPE GROUP: BUSINESS & FINANCIAL OVERVIEW
TABLE 71 EAST HOPE GROUP: MAJOR PRODUCT OFFERINGS
TABLE 72 MITSUBISHI POLYCRYSTALLINE SILICON AMERICA CORPORATION: MAJOR PRODUCT OFFERINGS
TABLE 73 REC SILICON ASA: MAJOR PRODUCT OFFERINGS
TABLE 74 TOKUYAMA CORPORATION: BUSINESS & FINANCIAL OVERVIEW
TABLE 75 TBEA: MAJOR PRODUCT OFFERINGS
TABLE 76 TOKUYAMA CORPORATION: MAJOR PRODUCT OFFERINGS
TABLE 77 SHAANXI NON-FERROUS TIAN HONG REC SILICON MATERIALS CO., LTD: MAJOR PRODUCT OFFERINGS
TABLE 78 GLOBAL WAFER POLYSILICON MARKET BY GEOGRAPHY 2021−2027 ($ MILLION)
TABLE 79 GLOBAL WAFER POLYSILICON MARKET BY GEOGRAPHY 2021−2027 (%)
TABLE 80 GLOBAL WAFER POLYSILICON MARKET BY GEOGRAPHY 2021−2027 (KILOTONS)
TABLE 81 GLOBAL WAFER POLYSILICON MARKET BY GEOGRAPHY 2021−2027 (%)
TABLE 82 GLOBAL GRANULES POLYSILICON MARKET BY GEOGRAPHY 2021−2027 ($ MILLION)
TABLE 83 GLOBAL GRANULES POLYSILICON MARKET BY GEOGRAPHY 2021−2027 (%)
TABLE 84 GLOBAL GRANULES POLYSILICON MARKET BY GEOGRAPHY 2021−2027 (KILOTONS)
TABLE 85 GLOBAL GRANULES POLYSILICON MARKET BY GEOGRAPHY 2021−2027 (%)
TABLE 86 GLOBAL RODS POLYSILICON MARKET BY GEOGRAPHY 2021−2027 ($ MILLION)
TABLE 87 GLOBAL RODS POLYSILICON MARKET BY GEOGRAPHY 2021−2027 (%)
TABLE 88 GLOBAL RODS POLYSILICON MARKET BY GEOGRAPHY 2021−2027 (KILOTONS)
TABLE 89 GLOBAL RODS POLYSILICON MARKET BY GEOGRAPHY 2021−2027 (%)
TABLE 90 GLOBAL SOLAR POLYSILICON MARKET BY GEOGRAPHY 2021−2027 ($ MILLION)
TABLE 91 GLOBAL SOLAR POLYSILICON MARKET BY GEOGRAPHY 2021−2027 (%)
TABLE 92 GLOBAL SOLAR POLYSILICON MARKET BY GEOGRAPHY 2021−2027 (KILOTONS)
TABLE 93 GLOBAL SOLAR POLYSILICON MARKET BY GEOGRAPHY 2021−2027 (%)
TABLE 94 GLOBAL ELECTRONICS POLYSILICON MARKET BY GEOGRAPHY 2021−2027 ($ MILLION)
TABLE 95 GLOBAL ELECTRONICS POLYSILICON MARKET BY GEOGRAPHY 2021−2027 (%)
TABLE 96 GLOBAL ELECTRONICS POLYSILICON MARKET BY GEOGRAPHY 2021−2027 (KILOTONS)
TABLE 97 GLOBAL ELECTRONICS POLYSILICON MARKET BY GEOGRAPHY 2021−2027 (%)
TABLE 98 NORTH AMERICA POLYSILICON MARKET BY FORM 2021−2027 ($ MILLION)
TABLE 99 NORTH AMERICA POLYSILICON MARKET BY FORM 2021−2027 (%)
TABLE 100 NORTH AMERICA POLYSILICON MARKET BY FORM 2021−2027(KILOTONS)
TABLE 101 NORTH AMERICA POLYSILICON MARKET BY FORM 2021−2027 (%)
TABLE 102 NORTH AMERICA POLYSILICON MARKET BY END-USE 2021−2027 (KILOTONS)
TABLE 103 NORTH AMERICA POLYSILICON MARKET BY END-USE 2021−2027 (%)
TABLE 104 NORTH AMERICA POLYSILICON MARKET BY END-USE 2021−2027 (KILOTONS)
TABLE 105 NORTH AMERICA POLYSILICON MARKET BY END-USE 2021−2027 (%)
TABLE 106 EUROPE POLYSILICON MARKET BY FORM 2021−2027 ($ MILLION)
TABLE 107 EUROPE POLYSILICON MARKET BY FORM 2021−2027 (%)
TABLE 108 EUROPE POLYSILICON MARKET BY FORM 2021−2027 (KILOTONS)
TABLE 109 EUROPE POLYSILICON MARKET BY FORM 2021−2027 (%)
TABLE 110 EUROPE POLYSILICON MARKET BY END-USE 2021−2027 ($ MILLION)
TABLE 111 EUROPE POLYSILICON MARKET BY END-USE 2021−2027 (%)
TABLE 112 EUROPE POLYSILICON MARKET BY END-USE 2021−2027 (KILOTONS)
TABLE 113 EUROPE POLYSILICON MARKET BY END-USE 2021−2027 (%)
TABLE 114 APAC POLYSILICON MARKET BY FORM 2021−2027 ($ MILLION)
TABLE 115 APAC POLYSILICON MARKET BY FORM 2021−2027 (%)
TABLE 116 APAC POLYSILICON MARKET BY FORM 2021−2027 (KILOTONS)
TABLE 117 APAC POLYSILICON MARKET BY FORM 2021−2027 (%)
TABLE 118 APAC POLYSILICON MARKET BY END-USE 2021−2027 ($ MILLION)
TABLE 119 APAC POLYSILICON MARKET BY END-USE 2021−2027 (%)
TABLE 120 APAC POLYSILICON MARKET BY END-USE 2021−2027 (KILOTONS)
TABLE 121 APAC POLYSILICON MARKET BY END-USE 2021−2027 (%)
TABLE 122 LATIN AMERICA POLYSILICON MARKET BY FORM 2021−2027 ($ MILLION)
TABLE 123 LATIN AMERICA POLYSILICON MARKET BY FORM 2021−2027 (%)
TABLE 124 LATIN AMERICA POLYSILICON MARKET BY FORM 2021−2027 (KILOTONS)
TABLE 125 LATIN AMERICA POLYSILICON MARKET BY FORM 2021−2027 (%)
TABLE 126 LATIN AMERICA POLYSILICON MARKET BY END-USE 2021−2027 ($ MILLION)
TABLE 127 LATIN AMERICA POLYSILICON MARKET BY END-USE 2021−2027 (%)
TABLE 128 LATIN AMERICA POLYSILICON MARKET BY END-USE 2021−2027 (KILOTONS)
TABLE 129 LATIN AMERICA POLYSILICON MARKET BY END-USE 2021−2027 (%)
TABLE 130 MIDDLE EAST & AFRICA POLYSILICON MARKET BY FORM 2021−2027 ($ MILLION)
TABLE 131 MIDDLE EAST & AFRICA POLYSILICON MARKET BY FORM 2021−2027 (%)
TABLE 132 MIDDLE EAST & AFRICA POLYSILICON MARKET BY FORM 2021−2027 (KILOTONS)
TABLE 133 MIDDLE EAST & AFRICA POLYSILICON MARKET BY FORM 2021−2027 (%)
TABLE 134 MIDDLE EAST & AFRICA POLYSILICON MARKET BY END-USE 2021−2027 ($ MILLION)
TABLE 135 MIDDLE EAST & AFRICA POLYSILICON MARKET BY END-USE 2021−2027 (%)
TABLE 136 MIDDLE EAST & AFRICA POLYSILICON MARKET BY END-USE 2021−2027 (KILOTONS)
TABLE 137 MIDDLE EAST & AFRICA POLYSILICON MARKET BY END-USE 2021−2027 (%)

1 RESEARCH METHODOLOGY
2 RESEARCH OBJECTIVES
3 RESEARCH PROCESS

4 SCOPE & COVERAGE

4.1 MARKET DEFINITION
4.1.1 INCLUSIONS
4.1.2 EXCLUSIONS
4.1.3 MARKET ESTIMATION CAVEATS
4.2 BASE YEAR
4.3 SCOPE OF THE STUDY
4.3.1 MARKET SEGMENTATION BY GEOGRAPHY

5 REPORT ASSUMPTIONS & CAVEATS
5.1 KEY CAVEATS
5.2 CURRENCY CONVERSION
5.3 MARKET DERIVATION

6 PREMIUM INSIGHTS
6.1 POLYSILICON MARKET – GLOBAL FORECAST (2022-2027)
6.1.1 MARKET OVERVIEW
6.2 MARKET SYNOPSIS
6.2.1 OPPORTUNITIES & TRENDS
6.2.2 DRIVERS
6.2.3 RESTRAINTS
6.3 SEGMENT REVIEW
6.3.1 COMPANIES & STRATEGIES

7 MARKET AT A GLANCE
8 INTRODUCTION

8.1 OVERVIEW


9 MARKET OPPORTUNITIES & TRENDS
9.1 TECHNOLOGICAL ADVANCES IN PRODUCTION PROCESS
9.2 FOCUS ON RENEWABLE ENERGY SOURCES

10 MARKET GROWTH ENABLERS
10.1 HIGH GROWTH IN SOLAR PV MARKET
10.2 GROWING SEMICONDUCTOR INDUSTRY
10.3 HIGH GROWTH IN EV MARKET

11 MARKET RESTRAINTS
11.1 ANTI-DUMPING POLICIES RELATED TO POLYSILICON

12 MARKET LANDSCAPE
12.1 MARKET OVERVIEW
12.2 MARKET SIZE & FORECAST
12.3 FIVE FORCES ANALYSIS
12.3.1 THREAT OF NEW ENTRANTS
12.3.2 BARGAINING POWER OF SUPPLIERS
12.3.3 BARGAINING POWER OF BUYERS
12.3.4 THREAT OF SUBSTITUTES
12.3.5 COMPETITIVE RIVALRY

13 FORMS
13.1 MARKET SNAPSHOT & GROWTH ENGINE (REVENUE)
13.2 MARKET SNAPSHOT & GROWTH ENGINE (VOLUME)
13.3 MARKET OVERVIEW
13.4 WAFERS
13.4.1 MARKET OVERVIEW
13.4.2 MARKET SIZE & FORECAST
13.4.3 MARKET BY GEOGRAPHY
13.5 GRANULES
13.5.1 MARKET OVERVIEW
13.5.2 MARKET SIZE & FORECAST
13.5.3 MARKET BY GEOGRAPHY
13.6 RODS
13.6.1 MARKET OVERVIEW
13.6.2 MARKET SIZE & FORECAST
13.6.3 MARKET BY GEOGRAPHY

14 END-USE
14.1 MARKET SNAPSHOT & GROWTH ENGINE (REVENUE)
14.2 MARKET SNAPSHOT & GROWTH ENGINE (VOLUME)
14.3 MARKET OVERVIEW
14.4 SOLAR
14.4.1 MARKET OVERVIEW
14.4.2 MARKET SIZE & FORECAST
14.4.3 MARKET BY GEOGRAPHY
14.5 ELECTRONICS
14.5.1 MARKET OVERVIEW
14.5.2 MARKET SIZE & FORECAST
14.5.3 MARKET BY GEOGRAPHY

15 GEOGRAPHY
15.1 MARKET SNAPSHOT & GROWTH ENGINE
15.2 GEOGRAPHIC OVERVIEW

16 NORTH AMERICA
16.1 MARKET OVERVIEW
16.2 MARKET SIZE & FORECAST
16.3 FORM
16.3.1 MARKET SIZE & FORECAST
16.4 END-USE
16.4.1 MARKET SIZE & FORECAST
16.5 KEY COUNTRIES
16.6 US
16.6.1 US: MARKET SIZE & FORECAST
16.7 CANADA
16.7.1 CANADA: MARKET SIZE & FORECAST

17 LATIN AMERICA
17.1 MARKET OVERVIEW
17.2 MARKET SIZE & FORECAST
17.3 FORM
17.3.1 MARKET SIZE & FORECAST
17.4 END-USE
17.4.1 MARKET SIZE & FORECAST
17.5 KEY COUNTRIES
17.6 BRAZIL
17.6.1 BRAZIL: MARKET SIZE & FORECAST
17.7 MEXICO
17.7.1 MEXICO: MARKET SIZE & FORECAST
17.8 REST OF LATIN AMERICA
17.8.1 REST OF LATIN AMERICA: MARKET SIZE & FORECAST

18 APAC
18.1 MARKET OVERVIEW
18.2 MARKET SIZE & FORECAST
18.3 FORM
18.3.1 MARKET SIZE & FORECAST
18.4 END-USE
18.4.1 MARKET SIZE & FORECAST
18.5 KEY COUNTRIES
18.6 CHINA
18.6.1 CHINA: MARKET SIZE & FORECAST
18.7 JAPAN
18.7.1 JAPAN: MARKET SIZE & FORECAST
18.8 INDIA
18.8.1 INDIA: MARKET SIZE & FORECAST
18.9 VIETNAM
18.9.1 VIETNAM: MARKET SIZE & FORECAST
18.10 SOUTH KOREA
18.10.1 SOUTH KOREA: MARKET SIZE & FORECAST
18.11 REST OF APAC
18.11.1 REST OF APAC: MARKET SIZE & FORECAST

19 MIDDLE EAST & AFRICA
19.1 MARKET OVERVIEW
19.2 MARKET SIZE & FORECAST
19.3 FORM
19.3.1 MARKET SIZE & FORECAST
19.4 END-USE
19.4.1 MARKET SIZE & FORECAST
19.5 KEY COUNTRIES
19.6 SAUDI ARABIA
19.6.1 SAUDI ARABIA: MARKET SIZE & FORECAST
19.7 UAE
19.7.1 UAE: MARKET SIZE & FORECAST
19.8 SOUTH AFRICA
19.8.1 SOUTH AFRICA: MARKET SIZE & FORECAST
19.9 REST OF MIDDLE EAST & AFRICA
19.9.1 REST OF MIDDLE EAST & AFRICA: MARKET SIZE & FORECAST

20 EUROPE
20.1 MARKET OVERVIEW
20.2 MARKET SIZE & FORECAST
20.3 FORM
20.3.1 MARKET SIZE & FORECAST
20.4 END-USE
20.4.1 MARKET SIZE & FORECAST
20.5 KEY COUNTRIES
20.6 GERMANY
20.6.1 GERMANY: MARKET SIZE & FORECAST
20.7 SPAIN
20.7.1 SPAIN: MARKET SIZE & FORECAST
20.8 FRANCE
20.8.1 FRANCE: MARKET SIZE & FORECAST
20.9 ITALY
20.9.1 ITALY: MARKET SIZE & FORECAST
20.10 RUSSIA
20.10.1 RUSSIA: MARKET SIZE & FORECAST
20.11 NETHERLANDS
20.11.1 NETHERLANDS: MARKET SIZE & FORECAST
20.12 REST OF EUROPE
20.12.1 REST OF EUROPE: MARKET SIZE & FORECAST

21 COMPETITIVE LANDSCAPE
21.1 COMPETITION OVERVIEW
21.2 RECENT DEVELOPMENTS

22 KEY COMPANY PROFILES
22.1 GCL TECH
22.1.1 BUSINESS OVERVIEW
22.1.2 FINANCIAL OVERVIEW
22.1.3 PRODUCT OFFERINGS
22.1.4 KEY STRATEGIES
22.1.5 KEY STRENGTHS
22.1.6 KEY OPPORTUNITIES
22.2 HEMLOCK SEMICONDUCTOR LLC
22.2.1 BUSINESS OVERVIEW
22.2.2 PRODUCT OFFERINGS
22.2.3 KEY STRATEGIES
22.2.4 KEY STRENGTHS
22.2.5 KEY OPPORTUNITIES
22.3 OCI COMPANY LIMITED
22.3.1 BUSINESS OVERVIEW
22.3.2 FINANCIAL OVERVIEW
22.3.3 PRODUCT OFFERINGS
22.3.4 KEY STRATEGIES
22.3.5 KEY STRENGTHS
22.3.6 KEY OPPORTUNITIES
22.4 TONGWEI GROUP CO., LTD
22.4.1 BUSINESS OVERVIEW
22.4.2 PRODUCT OFFERINGS
22.4.3 KEY STRATEGIES
22.4.4 KEY STRENGTHS
22.4.5 KEY OPPORTUNITIES
22.5 WACKER CHEMIE AG
22.5.1 BUSINESS OVERVIEW
22.5.2 FINANCIAL OVERVIEW
22.5.3 PRODUCT OFFERINGS
22.5.4 KEY STRATEGIES
22.5.5 KEY STRENGTHS
22.5.6 KEY OPPORTUNITIES

23 OTHER PROMINENT VENDORS
23.1 AE POLYSILICON
23.1.1 BUSINESS OVERVIEW
23.1.2 PRODUCT OFFERINGS
23.2 ASIA SILICON (QINGHAI) CO., LTD
23.2.1 BUSINESS OVERVIEW
23.2.2 PRODUCT OFFERINGS
23.3 DAQO NEW ENERGY CORPORATION
23.3.1 BUSINESS OVERVIEW
23.3.2 PRODUCT OFFERINGS
23.4 EAST HOPE GROUP
23.4.1 BUSINESS OVERVIEW
23.4.2 BUSINESS & FINANCIAL OVERVIEW
23.4.3 PRODUCT OFFERINGS
23.5 MITSUBISHI POLYCRYSTALLINE SILICON AMERICA CORPORATION
23.5.1 BUSINESS OVERVIEW
23.5.2 PRODUCT OFFERINGS
23.6 REC SILICON ASA
23.6.1 BUSINESS OVERVIEW
23.6.2 PRODUCT OFFERINGS
23.7 TBEA
23.7.1 BUSINESS OVERVIEW
23.7.2 BUSINESS & FINANCIAL OVERVIEW
23.7.3 PRODUCT OFFERINGS
23.8 TOKUYAMA CORPORATION
23.8.1 BUSINESS OVERVIEW
23.8.2 PRODUCT OFFERINGS
23.9 SHAANXI NON-FERROUS TIAN HONG REC SILICON MATERIALS CO., LTD.
23.9.1 BUSINESS OVERVIEW
23.9.2 PRODUCT OFFERINGS

24 REPORT SUMMARY
24.1 KEY TAKEAWAYS
24.2 STRATEGIC RECOMMENDATIONS

25 QUANTITATIVE SUMMARY
25.1 MARKET BY FORM
25.1.1 WAFERS (VALUE)
25.1.2 WAFERS (VOLUME)
25.1.3 GRANULES (VALUE)
25.1.4 GRANULES (VOLUME)
25.1.5 RODS (VALUE)
25.1.6 RODS (VOLUME)
25.2 MARKET BY END-USE
25.2.1 SOLAR (VALUE)
25.2.2 SOLAR (VOLUME)
25.2.3 ELECTRONICS (VALUE)
25.2.4 ELECTRONICS (VOLUME)
25.3 MARKET BY GEOGRAPHY
25.4 NORTH AMERICA
25.4.1 FORM (VALUE)
25.4.2 FORM (VOLUME)
25.4.3 END-USE (VALUE)
25.4.4 END-USE (VOLUME)
25.5 EUROPE
25.5.1 FORM (VALUE)
25.5.2 FORM (VOLUME)
25.5.3 END-USE (VALUE)
25.5.4 END-USE (VOLUME)
25.6 APAC
25.6.1 FORM (VALUE)
25.6.2 FORM (VOLUME)
25.6.3 END-USE (VALUE)
25.6.4 END-USE (VOLUME)
25.7 LATIN AMERICA
25.7.1 FORM (VALUE)
25.7.2 FORM (VOLUME)
25.7.3 END-USE (VALUE)
25.7.4 END-USE (VOLUME)
25.8 MIDDLE EAST & AFRICA
25.8.1 FORM (VALUE)
25.8.2 FORM (VOLUME)
25.8.3 END-USE (VALUE)
25.8.4 END-USE (VOLUME)

26 APPENDIX
26.1 ABBREVIATIONS

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Frequently Asked Questions

What is the global polysilicon market revenue in 2021?

The global polysilicon market size was valued at USD 9.14 billion in 2021. Factors like high growth in the solar PV industry, the growing semiconductor industry, and high growth in the EV industry are contributing to the industry growth.

What is the projected global polysilicon market size by 2027?

The global polysilicon market share is expected to reach USD 13.95 billion by 2027.

What is the growth rate of the polysilicon market?

The global polysilicon market is expected to grow at a CAGR of 7.30% from 2022 to 2027.

Which region dominates the global Polysilicon Market?

APAC dominates the global polysilicon market and is expected to grow with a CAGR of 7.52% during the forecast period. The large industry share is contributed by factors such as developing economies, a vast population, a large manufacturing sector, a huge automotive industry, rapid industrialization, and technological development.

What are the key growth driving factors in the global Polysilicon Market?

The technological advancement in the production process and focus on renewable energy sources are key factors driving the global polysilicon market.