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Polysilicon Market Trends

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

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Polysilicon Market Trends

Continuous research and development efforts led to technological advancements in polysilicon production, resulting in higher purity levels, increased efficiency, and reduced production costs. Sustainability and environmental concerns became more prominent in the polysilicon industry. Manufacturers adopted greener production methods and improved energy efficiency to reduce their carbon footprint.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for polysilicon was around USD 12.4 billion in 2023 and is estimated to reach USD 34.4 billion by the end of 2032.

Photovoltaic solar cells segment is anticipated to record around 13.1% CAGR from 2023 to 2032 owing to the solar energy incentives, subsidies, and policies that encourage the adoption of solar power.

U.S. market size for polysilicon was around USD 0.6 billion in 2022 and is anticipated to expand at a significant pace from 2023-2032 attributed to the growing EV demand, that requires advanced power electronics and semiconductor devices, which rely on polysilicon.

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.