Polysilicon Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025
- Transparency Market Research
Silicon is the second most abundant element found on the Earth. Polysilicon is a pure, stable, and crystalline form of silicon. It also called polycrystalline silicone and poly-Si. It offers properties similar to semiconductors. Polysilicon is employed in solar photovoltaic cells (PV) and electronics industries. It differs from monocrystalline silicon and amorphous silicon in terms of silicon structure. Monocrystalline polysilicon is used in microelectronic devices and is more efficient than polysilicon. The cost of polysilicon is low compared to that of single crystal or monocrystalline silicon. Polysilicon consists of numerous small silicon crystals of larger than 1 mm size. Polysilicon is produced in ingot and wafer forms. More than 350,000 tons of polysilicon is manufactured across the globe every year.
The polysilicon market can be segmented in terms of manufacturing technology, structural form, physical properties, application, and region. Polysilicon is manufactured through different processes, namely Siemens process, fluidized bed reactor, and upgraded metallurgical grade (UMG). Siemens process produces the highest quality of polysilicon material by distillation at high temperature. It is employed in solar cells and electronics applications. The process accounts for almost 90% of the global polysilicon production. Polysilicon produced in fluidized bed reactors is utilized in solar photovoltaic applications. Upgraded metallurgical grade is employed in electronics materials. Polysilicon is manufactured in the form of chunks, chips, granules, and rods. The structure depends upon the end-use application. Generally, polysilicon rods are broken down to form chunks. Physical properties of polysilicon such as resistivity and mobility depend upon the grain size of crystals. This can vary with different manufacturing processes. As the grain size of polysilicon crystals increases, the efficiency of solar cells rises.
Polysilicon is employed in electronics and solar PV cells. The electronics industry can be further sub-divided into end-use application. Polysilicon is used in integrated circuits, electronics gates (MOSFETs and CMOS), resistors, and conductors and, as an ohmic contact for shallow junctions. Electronics industry needs pure forms of polysilicon compared to the solar cell industry. Up to 99.999% pure polysilicon is also used in the electronics industry. Solar photovoltaic cells are utilized in power grids, solar accent lighting and small scale applications such as pocket calculator. To produce 1 megawatt of solar modules, around 5 tons of polysilicon is required. Based on region, the polysilicon market can be divided into Latin America, North America, Middle East & Africa, Europe, and Asia Pacific.
Prices of polysilicon have declined significantly over the last few years. However, the polysilicon market is likely to expand due to the rise in demand for photovoltaic applications and growth in the electronics industry. Investments, expansions, and long term contracts of companies are driving the polysilicon market. Research and developmental activities are estimated to reduce the cost of polysilicon; but laboratory inventions in chemistry can compete the polysilicon market. Rising usage of renewable energy sources encourage solar photovoltaic cell production; but the production of polysilicon is not environment friendly. China accounts for major share of the market, led by the large manufacturing capacity in the country. It is followed by the U.S. The polysilicon market in South Korea, Japan, Germany, and Norway is expected to expand at a rapid pace in the near future. The polysilicon market is likely to expand in India due to ‘Make in India’ policy. Demand for polysilicon is estimated to rise in Asia Pacific and Europe during the forecast period.
Major players operating in the global polysilicon market include Wacker chemie AG, OCI Company Ltd., Mitsubishi Electric Corporation, SunEdison Inc. and Dago new energy corporation.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
Have query on this report?Make an Enquiry
The team was the biggest help to us. Not only were we provided with customized solutions but also we were guided through the most complicated situations. The information was on-point yet comprehensive. The experience was absolutely satisfying and helped us turn many challenges into opportunities.
Ours is a startup with a unique set of challenges and we were therefore hesitant but the team totally put us at ease with their knowledge and expertise. Our business and its challenges were understood perfectly and help was extended accordingly. The tailor made approach really helped us gain the most informative insights.
The report repository is absolutely impressive –updated and exhaustive in terms of markets covered and information provides. Besides, with the support extended to us by the team, we could reduce costs as well as move to sustainable growth. This really helped us tap into new opportunities. Happy to have gone ahead with ResearchMos.us.
We have had a long term engagement with ResearchMoz.us and never have we felt that the work done and help extended were below flawless. The report repository is one of the best one can hope to tap into. Recently, our partner businesses opted for consultancy services and they are all thrilled with the outcome.
Insights from reports helped us improve our profit margins significantly. Most of the knowledge we needed on the market were provided to us on a granular basis. From trends, and drivers to competitive analysis, the information was not just crisp but also insightful. That helped us chart a robust growth strategy and as of now we are happy to state that we are reaping big benefits.
More from Chemicals
ChemicalsChinese Markets for Container Coatings
ChemicalsChinese Markets for Antioxidants
ChemicalsChinese Markets for Silicone Coatings
ChemicalsChinese Markets for Absorbents
Chemicals and MaterialsGlobal Market Study on Sodium Cyanide: Upswing in Mining Activities Boosting Sales Prospects