Polysilicon Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)
The polysilicon market is estimated to reach USD 11,201.63 million by the end of this year and is expected to witness a CAGR of over 13% during the forecast period.
COVID-19 negatively affected the market studied in 2020. Considering the government-imposed lockdowns, solar projects across the world were temporarily halted during the pandemic. However, the demand for the market studied recovered significantly in 2021 and is expected to grow at a significant rate in the coming years.
Key HighlightsThe global polysilicon market is consolidated, with the top five players accounting for a significant share of global production. Some of the major players (not in any particular order) include Sichuan Yongxiang Co. Ltd (Tongwei Co. Ltd), GCL-TECH, DaqoNew Energy Co. Ltd, Wacker Chemie AG, and XinteEnergy Co. Ltd.
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