Global Polysilicon Market – Overview
According to a recent study report published by the Market Research Future, The Global Polysilicon Market is expected to cross USD 9 Billion by 2022 by registering a CAGR of approximately 13.3% during the forecasted period (2017 – 2022).
Polysilicon is used extensively as a feedstock material in most solar energy applications. The highly application based market for Polysilicon is driven by the growth of PV and Semiconductor industries. The high demand for PV (photovoltaic) installation across the world further induces the demand for polysilicon in the industry. The PV industry accounted for the largest share in the market by end-use in 2015. The same trend is expected to be followed by 2022. The market for PV industry is expected to grow rapidly in terms of value and volume. And since Polysilicon is the key element for PV solar panels; PV industry is expected to fuel the rising demand of Polysilicon. Also, owing to the upcoming clean energy projects in various countries, the photovoltaic segment is expected to witness exponential growth. Companies have adopted the forward integration strategies and entered into the sector of photovoltaic and semiconductor. Furthermore, solar cell market, semiconductor market and economic condition are also the key forces behind the growth of polysilicon market. The largest and fastest growing region is seen as APAC with increasing consumption of such silicon, , states the MRFR Research Analyst while commenting upon this deep diving study report, presented through more than 100 market data tables and figures, widely spread over 119 pages.
Request Sample Research Report @ https://www.marketresearchfuture.com/sample_request/1720
Global Polysilicon Market – Key Players
With the presence of numerous large and small market players; the global market of Polysilicon appears to be highly fragmented in nature. A couple of Chinese polysilicon producers are trying to establish themselves as suppliers of electronic grade material as well, but it is still unclear if their product can meet the high purity requirements for semiconductors. At the same time, additional polysilicon production capacities from new entrants and existing manufacturers are planned to come on stream. Therefore a strong cut-throat competition is expected, low utilization rates and the shakeout of several less competitive producers in recent future.
Identified and profiled in MRFR analysis; some of the key players operating in the global market of Polysilicon include- Wacker Chemie AG, GCL- Poly Energy Holdings Limited, Tokuyama Corporation, Hemlock Semiconductor Corporation, and REC Silicon ASA. Other prominent players of the Polysilicon Market are OCI Company Ltd., Activ Solar Gmbh, Daqo New Energy Corporation, SunEdison Inc., and Woongjin Polysilicon Co. Ltd.
Global Polysilicon Market – Segments
The Polysilicon Market is segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Purity Grade: Comprising Electronic Grade, Medium Grade, and Upgraded Metallurgical Grade
Segmentation by Form: Comprising Chunk, Granule, and others.
Segmentation by End Use: Comprising PV Industry and Semiconductor Industry.
Segmentation by Regions: Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
The demand for Polysilicon by the end-use industries is dominating the market. Further, Electronic-grade polysilicon for the semiconductor industry enjoys a higher price. After the depletion of high inventories, demand is gradually picking up again.
Request for Discount @ https://www.marketresearchfuture.com/check-discount/1720
Global Polysilicon Market – Synopsis& Scenario
Over the past few years, companies operating in the industry have faced several challenges such as plant shutdowns, anti-dumping regulations, and oversupply. However, over the forecast period the market is expected to experience a more balanced supply and demand scenario, price stability, and profitability. Companies have also adopted forward integration strategies and entered into the semiconductor and photovoltaic sector.
Polysilicon is used as a primary raw material for the manufacturing of electronic chips; therefore, rising demand for communication devices and semiconductors in data processing such as smartphones and tablets will propel the polysilicon market. And most importantly, the initiatives undertaken by the Government of countries; to increase the production of consumer electronics and reduce carbon footprints have subsequently induced the market growth for Polysilicon. Due to the significant growth, the polysilicon market is projected to witness more profitability, price stability and balanced demand & supply scenario. However, factors such as the High capital expenditure requirements for the establishment of polysilicon production plants are predicted to hamper the polysilicon market growth. Polysilicon market has faced various challenges such as oversupply, anti-dumping regulations, declining prices and plant shutdowns.
Polysilicon Market – Regional Analysis
APAC is the largest as well as the fastest growing market for Polysilicon and the share is attributed to the huge demand for solar PV installation in the regions of China, Japan and India.
North America is the second largest market followed by Europe which is expected to have a steady growth over the forecasted period. The market size of North America is attributed to the increasing solar PV installation in the U.S. The U.S. is the largest market for polysilicon in North America.
Inquire more about this Report @ https://www.marketresearchfuture.com/reports/polysilicon-market-1720
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Company Name: Market Research Future
Contact Person: Akash Anand
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar, Pune –