Global Polysilicon Market 2024-2028
Global Polysilicon Market 2024-2028
The polysilicon market is forecasted to grow by USD 14252 mn during 2023-2028, accelerating at a CAGR of 16.83% during the forecast period. The report on the polysilicon market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rise in solar pv installations, increasing investments in renewable energy, and increasing demand for polysilicon from electronics industry.
Technavio's polysilicon market is segmented as below:
- By Application
- Photovoltaics
- Electronics
- By Type
- Wafers or chips
- Chunks
- Rods
- By Geographical Landscape
- APAC
- North America
- Europe
- South America
- Middle East and Africa
This study identifies the increased adoption of microgrids as one of the prime reasons driving the polysilicon market growth during the next few years. Also, expansion of production capacity by vendors and advances in manufacturing process of polysilicon will lead to sizable demand in the market.
The report on the polysilicon market covers the following areas:
- Polysilicon market sizing
- Polysilicon market forecast
- Polysilicon market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading polysilicon market vendors that include Daqo New Energy Corp., Elkem ASA, Hemlock Semiconductor Operations LLC, Mersen Corporate Services SAS, Mitsubishi Materials Corp., OCI Co. Ltd., Qatar Solar Technologies, REC Silicon ASA, TBEA Co. Ltd., Tokuyama Corp., and Wacker Chemie AG. Also, the polysilicon market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.