Market Overview:
Polysilicon is a Highly Processed, High-Purity Silicon-Based Material. It is Produced From Silica, Which is Found in Quartz & Sand. The Polysilicon Required for the PV Modules is High Purity From 5N To 10N, Somewhat Less Than Electronic Grade of 11N or Higher. The Trade Actions in the Photovoltaic Industry Have Impacted Global Trade Dynamics Across The Supply Chain of Polysilicon
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Key Companies Profiled | GCL-Poly Energy Holdings Limited (China), Wacker Chemie AG (Germany), OCI Company Limited (Korea), Hemlock Semiconductor Corporation (U.S.), REC Silicon ASA (Norway), Tokuyama Corporation (Japan), Daqo New Energy Corp. (China), SunEdison Inc. (U.S.), Woongjin Polysilicon Co. Ltd. (South Korea) and AMG Advanced Metallurgical Group N.V. (United States) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region or narrow down segments in the final scope subject to feasibility |
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics of major and emerging geographies across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Key Vendors of Polysilicon Market Study:
GCL-Poly Energy Holdings Limited (China), Wacker Chemie AG (Germany), OCI Company Limited (Korea), Hemlock Semiconductor Corporation (U.S.), REC Silicon ASA (Norway), Tokuyama Corporation (Japan), Daqo New Energy Corp. (China), SunEdison Inc. (U.S.), Woongjin Polysilicon Co. Ltd. (South Korea) and AMG Advanced Metallurgical Group N.V. (United States)
Polysilicon Market Segment Analysis
Scope | Sub-Segments |
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Application / End User | Solar, Electronics and Others |
Type | High-Purity Solar Grade {Polycrystalline Silicon Chunks, Polycrystalline Silicon Chips, Granular Polycrystalline Silicon}, Secondary-Grade Polysilicon {Silicon Powder, Silicon Carbon Ends, Discoloured Silicon} and Recycled Polysilicon {Silicon Pot Scraps, Silicon Brick Tops & Sides, Silicon Ingot Tops & Tails} |
Form | Chunks,Chips,Granules,Others |
Sales Channel | Direct Sales,Indirect Sales |
Influencing Trend:
Increasing Adoption of Solar Photovoltaics for Household & Agricultural Purpose
Market Growth Drivers:
Rise in the Demand of Alternative & Environmental Friendly Energy Source, Requiring Polysilicon for Manufacturing Photovoltaic Systems and Increased Demand in the Electronics Industry, For Making Products like Integrated Circuits, Resistors, & Conductors
Challenges:
Initial High Capital Expenditure for the Establishment of Polysilicon Manufacturing Unit and Stringent Regulations like Anti-Dumping Duty & Environmental Protocols
Restraints:
Fluctuations in the Price of the Raw Material
Opportunities:
There is an Increased Opportunity for the Market Expansion, Due to the Rising Demands for Polysilicon in the Automotive Industry and There are Prospects for the Growth of Polysilicon, Owing to the Government Push for Reducing the Emission of Carbon Dioxide, By the Usage of Renewable Energy Resources
Some of the other players that are also part of study are TBEA Co. Ltd (China), DAQO New Energy Corporation (China), SunEdison Inc. (United States), LDK Solar Co. Ltd. (China) and OCI Company Ltd (South Korea). The Global Polysilicon market is gaining huge competition due to involvement of Asian companies that constantly invest in research & development to meet market expectation with new innovation.
Latest Industry Highlights:
In August 2019, Daqo New Energy, a leading manufacturer of high-purity polysilicon for the global Solar PV industry, announced that it has signed a three-year 112,800 MT ultra-high-purity polysilicon supply agreement with LONGi Green Energy Technology (LONGi), the world’s leading mono-crystalline solar products manufacturer with expected 36 GW of mono-crystalline wafer capacity, 10 GW of mono-crystalline cell capacity, and 16 GW of mono-crystalline module capacity by the end of 2019
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Polysilicon market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Polysilicon market.
Identification of total players or companies operating in the global market which is further concentrated to fewer or most impacting players which are considered under the reports scope. In order to make a priority list sorting is done based on revenue generated based on the latest reporting with the help of paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers of Polysilicon, Distributors, Traders, & Suppliers, Importers & Exporters, Investors, Regulatory & Government Bodies and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.