The global polysilicon market is
anticipated to reach USD 13.56 billion by 2025, according to a new report by
Grand View Research, Inc. The growing solar PV (photovoltaic) and electronic
industry are expected to propel market demand over the coming years. The FBR
technology used in the production of polysilicon has helped to reduce
manufacturing cost to a large extent, thus lowering prices of polysilicon in
2014. Increasing solar photovoltaic installations is projected to impact market
growth positively. Polysilicon is also used in the fabrication of crystalline
silicon wafers, which is the backbone of the microelectronics industry.
 |
U.S. polysilicon market volume by application, 2014-2025 (Kilo Tons)
|
Asia Pacific occupied the largest
share of the global polysilicon market on account of a vast number of solar
installations in countries such as China, India, Japan, and South Korea. The
low cost of solar grade polysilicon is expected to propel market demand over
the forecast period.
In depth research report
on Polysilicon Market
Further Key Findings from the Study
Suggest:
·
Huge investments in
renewable energy projects across the world is expected to boost the demand for
polysilicon over the forecast period
·
Asia Pacific is projected
to grow at the highest CAGR with China leading the market share
·
PV capacity expansion
projects undertaken in Asia Pacific coupled with the growth of the
semiconductor industry is anticipated to complement market growth within the
region
·
North America occupied
the second largest share in 2015 on account of high polysilicon demand in the
U.S. electronics and solar energy industry
·
Implementation of
anti-dumping policies is anticipated to restrain market growth over the forecast
period
·
The fluidized bed reactor
(FBR) technology used for the manufacture of solar grade polysilicon helps to
reduce manufacturing cost to a large extent
·
Some of the companies
that have adopted the FBR technology for the manufacture of polysilicon include
REC Silicone, GCL Poly, and SunEdison Inc.
·
According to the
International Technology Roadmap for Photovoltaics (ITRPV), FBR technology used
in the manufacture of polysilicon is projected to occupy 30% of the market
share by 2017
·
Chinese duties and the
oversupply scenario experienced by the polysilicon market in 2013 led to plant
shutdowns of company’s such as REC Silicon, SunEdison, Hemlock
·
Companies operating in
this market include GCL-Poly, Wacker Chemie AG, OIC Chemical, REC Silicon, Tokuyama,
LDK Solar Co. Ltd., Hemlock Semiconductor Group, and TBEA Co. Ltd.
Grand View Research has segmented the
global polysilicon market on the basis of application and region:
Polysilicon Application Outlook (Volume, Kilo Tons; Revenue, USD Million,
2014 - 2025)
·
Photovoltaic
·
Electronics
Polysilicon Regional Outlook (Volume, Kilo Tons; Revenue, USD Million,
2014 - 2025)
·
North America
o U.S.
o Canada
o Mexico
·
Europe
o UK
o Germany
o France
o Italy
·
Asia Pacific
o China
o Japan
o India
·
South Korea
o Australia
·
CSA
o Chile
o Honduras
·
MEA
o South Africa
o Algeria
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About Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, the company offers market
intelligence studies ensuring relevant and fact-based research across a range
of industries including technology, chemicals, materials, healthcare and
energy.
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