Global Polysilicon Market
Report ID : QR1001301 | Industries : Chemicals & Materials | Published On :January 2022 | Page Count : 243Global Polysilicon Market
Polysilicon is the most common material for designing surface-micromachined devices. Polysilicon has material properties similar to single crystal silicon and can be doped via introducing impurities. Thin polysilicon layer to form microstructure can be deposited using low pressure chemical vapor deposition (LPCVP) technique. Polysilicon is made of grains that tend to increase in size with an increase in film thickness during the high temperature manufacturing steps (Zorman et al., 2006).
Drivers: Increasing Number of Solar PV Installation
The driving factor for the polysilicon Market is the increasing number of Solar PV Installation polysilicon market report summarizes top key players overview as GCL Poly Energy Holdings Limited, Wacker Chemie AG, OCI, Hemlock Semiconductor, REC Silicon ASA, Tokuyama Corporation, and others. Government subsidies that are being given to the people make it more affordable in urban as well as semi-urban areas to buy new semiconductor material electronic devices. This is how to boost the market of polysilicon during the forecasted period.
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Restraints: High Capital Expenditure
The market restraint for the polysilicon market is the high capital expenditure required for establishing the production plants which makes it difficult for new players to enter the market,restraining the growth of the market. The polysilicon manufacturing process also costs a lot of money. Not every businessman wants to invest in something new and take the risk.
Impact of COVID-19
The global pandemic of the coronavirus has affected the market in all negative ways. The current situation has lowered the market share and demand for semiconductor electronic devices where polysilicon is used. Due to the current situation and lock down the markets are still shut hence the profit level steeps downwards. The attention has been drawn towards the health sector and people normally do not prefer getting out of the house other than for being treated. Hence all these distribution channels that have been shut down bring the market to its lowest pricing.
Segmentation by form type:
By Form type the polysilicon market is segmented into Chunks,Granules and Rods.
Segmentation by End-User Type
By End-User Type the polysilicon market is segmented into Solar PV and Electronics. The solar PV industry is one of the fastest growing industries in the world. According to the International Energy Agency (IEA), this industry accounts for almost two-thirds of the net power capacity, worldwide. Furthermore, declining installation costs and increased capacity factors have improved the economic competitiveness of solar PV around the world. Therefore, the growing solar PV industry is expected to boost the demand for polysilicon in coming years.
Segmentation by Region
By Region the market is segmented into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa. Asia-Pacific is expected to dominate the global polysilicon market and is also forecasted to be the fastest-growing market during the forecast period owing to the increasing consumption for countries such as China and India.
Competitive Landscape:
Wacker Chemie AG (Germany), OCI Company Ltd. (Korea), Hemlock Semiconductor Corp. (U.S.), REC Silicon ASA (Norway), Daqo New Energy Corp. (China), Qatar Solar Technologies and Tokuyama Corporation (Japan) are the leading companies, with an excellent foothold in the global market.
Industrial Development:
According to the International Renewable Energy Agency (IRENA), the global renewable energy share is expected to reach 30% by 2030 and is expected to further increase to 50% by 2050. The solar PV industry is one of the fastest growing industries in the world. According to the International Energy Agency (IEA), this industry accounts for almost two-thirds of the net power capacity, worldwide.
According to The Industry, Science and Technology International Strategy Center (ISTI), the production value of Taiwan’s semiconductor industry is anticipated to grow substantially owing to the increasing demand for integrated circuit (IC) devices for artificial intelligence applications.
Market taxonomy
By Form type
- Chunks
- Granules
- Rods
By End-user type
- Solar PV
- Electronics
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Polysilicon Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Polysilicon Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Polysilicon Market, By Form type
5.1 Y-o-Y Growth Comparison, By Form Type
5.2 Polysilicon Market Share Analysis, By Form Type
5.3 Polysilicon Market Size and Forecast, By Form Type
5.3.1 Chunks
5.3.2 Granules
5.3.3 Rods
6 Polysilicon Market, By End-Use type
6.1 Y-o-Y Growth Comparison, By End Use
6.2 Polysilicon Market Share Analysis, By End Use
6.3 Polysilicon Market Size and Forecast, By End Use
6.3.1 Solar PV
6.3.2 Electronics
7 Polysilicon Market, By Region
7.1 Polysilicon Market Share Analysis, By Region
7.2 Polysilicon Market Share Analysis, By Region
7.3 Polysilicon Market Size and Forecast, By Region
8 North America Polysilicon Market Analysis and Forecast (2021-2027)
8.1 Introduction
8.2 North America Polysilicon Market Share Analysis, By Form
8.3 North America Polysilicon Market Size and Forecast, By End Use
8.5 North America Polysilicon Market Size and Forecast, By Country
8.5.1 U.S.
8.5.2 Canada
8.5.3 Mexico
9 Europe Polysilicon Market Analysis and Forecast (2021-2027)
9.1 Introduction
9.2 Europe Polysilicon Market Share Analysis, By Form
9.3 Europe Polysilicon Wrap Films Market Size and Forecast, By End-Use
9.5 Europe Polysilicon Wrap Films Market Size and Forecast, By Country
9.5.1 Germany
9.5.2 France
9.5.3 UK
9.54. Rest of Europe
10 Asia Pacific Polysilicon Market Analysis and Forecast (2021-2027)
10.1 Introduction
10.2 Asia Pacific Polysilicon Market Share Analysis, By Form
10.3 Asia Pacific Polysilicon Market Size and Forecast, By End-Use
10.5 Asia Pacific Polysilicon Market Size and Forecast, By Country
10.5.1 China
10.5.2 Japan
10.5.3 India
10.5.4. Rest of Asia Pacific
11 Latin America Polysilicon Market Analysis and Forecast (2021-2027)
11.1 Introduction
11.2 Latin America Polysilicon Market Share Analysis, By Form
11.3 Latin America Polysilicon Market Size and Forecast, By End Use
11.5 Latin America Polysilicon Market Size and Forecast, Country
11.5.1. Brazil
11.5.2. Rest of Latin America
12 Middle East Polysilicon Market Analysis and Forecast (2021-2027)
12.1 Introduction
12.2 Middle East Polysilicon Market Share Analysis, By Form
12.3 Middle East Polysilicon Market Size and Forecast, By End Use
12.5 Middle East Polysilicon Market Size and Forecast, By Country
12.5.1. Saudi Arabia
12.5.2. UAE
12.5.3. Egypt
15.5.4. Kuwait
12.5.5. South Africa
13 Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14Company Profiles
14.1 Asia Silicon (Qinghai) Co., Ltd
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2. Daqo New Energy Co., Ltd.
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3. Hanwha Chemical Corporation
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 Hemlock Semiconductor L.L.C.
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 Mitsubishi Polycrystalline Silicon America Corporation
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6 OCI Company Ltd.
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7 Qatar Solar Technologies
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8 REC Silicon ASA
14.8.1 Overview
14.8.2 Offerings
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9 Tokuyama Corporation
14.9.1 Overview
14.9.2 Offerings
14.9.3 Key Financials
14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategies
14.10 Wacker Chemie AG
14.10.1 Overview
14.10.2 Offerings
14.10.3 Key Financials
14.10.4 Business Segment & Geographic Overview
14.10.5 Key Market Developments
14.10.6 Key Strategies