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Polysilicon Market Size

Report ID: GMI6787
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Published Date: September 2023
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Report Format: PDF

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Polysilicon Market Size

Polysilicon Market size was valued at around USD 12.4 billion in 2023 and is estimated to register a CAGR of 13.2% between 2024 and 2032. The solar PV industry is the largest consumer of polysilicon. Polysilicon is used to manufacture solar cells, which convert sunlight into electricity. The growth of the solar industry, driven by environmental concerns and renewable energy targets, significantly boosts the demand for polysilicon.

 

Polysilicon Market

Polysilicon is a fundamental material in the semiconductor industry, used to manufacture integrated circuits, microchips, and other electronic components. The continuous demand for smaller, more powerful electronic devices, such as smartphones, laptops, and IoT devices, fuels the need for high-quality polysilicon.

 

Overcapacity in the polysilicon market can lead to price volatility, as excess supply can depress prices. Trade tensions and tariffs between major polysilicon-producing and consuming countries can disrupt supply chains and increase costs for manufacturers. Maintaining high-quality polysilicon production with consistent purity levels is crucial for semiconductor and solar cell manufacturing. Thus, the risks associated with Polysilicon may drive down the acceptance rate, further hampering the business growth.

Authors: Kiran Pulidindi, Kunal Ahuja
Frequently Asked Question(FAQ) :
Who are the leading players in the global polysilicon industry?
Wacker Chemie AG, OCI Company Ltd., GCL-Poly Energy Holdings Ltd., Tongwei Co., Ltd., Daqo New Energy Corp., Hemlock Semiconductor Corporation, Tokuyama Corporation, REC Silicon ASA, LDK Solar Co., Ltd., and Hanwha Solutions Corporation.
What is the 2032 estimate for polysilicon market?
How will photovoltaic solar cells application influence the polysilicon industry?
Why is the U.S. emerging as an attractive prospect for polysilicon market players?
Polysilicon Market Scope
  • Polysilicon Market Size
  • Polysilicon Market Trends
  • Polysilicon Market Analysis
  • Polysilicon Market Share
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    Authors: Kiran Pulidindi, Kunal Ahuja
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    Base Year: 2023

    Companies covered: 15

    Tables & Figures: 191

    Countries covered: 21

    Pages: 150

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