Global Polysilicon Market study offers detail overview of industry with all the requisite data to support tactical business decisions and come up with strategic growth plans. This study also proposes a comprehensive insight into the development policies and plans in addition to manufacturing processes and cost structures.
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The global polysilicon
market size was estimated at USD 5.49 billion in 2015 and is expected to reach
USD 13.56 billion by 2025, with a CAGR of 10.2%. Polysilicon, known as poly-Si
or polycrystalline, is considered to be one of the purest form of silicon
material, the second most abundant element available in nature. It consists of
silicon crystals that differ from single-crystal silicon, which can be used for
electronics and solar cells, it is used as feedstock material in most of the
solar power energy applications. Polysilicon also referred to as polycrystalline
silicon is a pure form of silicon and is the earth’s most abundantly found
element.
The key factors driving the
market growth of the polysilicon industry are solar cells, emerging economies,
and semiconductor market. Major markets of polysilicon are semiconductor
industry and solar industry. Semiconductor industry polysilicon is transformed
into silicon crystalline substance that results in electric device such as
integrated circuits which forms the key module for electronic products. Multi
or mono crystalline silicon substrates are used for making power cells
constituting of polysilicon substrate as the key component.
Increasing demand for
semiconductors and solar PV (photo voltaic) production is expected to drive the
market growth for polysilicon manufacturers. They are extensively used in
production of silicon solar cells. These Solar PV cells utilize and absorb
sunlight to convert it into power or electricity and hence they are used as
power generation resources. The solar energy demand is increasing owing to the
environmental benefits and cost effectiveness that it provides to the end
users. Solar PV cells do not release any harmful particles into the environment
as compared to other forms of energy resources.
Based on the technology for
polysilicon production the global market can be segmented into two forms:
granular polysilicon and chunk polysilicon. Supplies of semiconductor wafers
use Czochralski crystal growth process that converts polysilicon chunks into
particular silicon ingots. These silicon wafers have a wide variety of
applications in integrated circuits. Based on the end user, the global market
has been segmented into Semiconductor industry and PV industry. Semiconductor
industry is expected to be the largest segment on account of technological
advancements, innovations and new product developments that require temperature
resistant material such as polysilicon. PV industry is expected to witness
significant growth owing to the increasing demand for solar panels to produce
electricity according to environmental standards.
Top Key Players of Polysilicon
Market:
MEMC, Tokuyama, Hemlock,
REC, Wacker, SumitomoMitsubishi. Other industry participants include MEMC
Electronic Materials, Woongjin Polysilicon, CSG Holding and LDK Solar.
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