Polycrystalline Silicon Market

Polycrystalline Silicon Market: Global Industry Analysis and Opportunity Assessment 2016-2026

  • Ongoing
  • May 2020
  • REP-GB-2267
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Polycrystalline Silicon Market
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This Polycrystalline Silicon market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Polycrystalline Silicon market.


Global Polycrystalline Silicon Market: Overview

Polycrystalline silicon is a high purity form of silicon also referred to as Poly-Si or polysilicon. Polycrystalline silicon is used as raw material for solar photovoltaic and electronics industry. For solar photovoltaic and semiconductor manufacturing, polysilicon of purity 9N (99.9999999%) and 11N (99.999999999%) respectively are required. The polycrystalline silicon is manufactured by any of the three process namely Czochralski process/ Siemens process, Float Zone Method and Bridgman–Stockbarger technique. The process starts with quartz and carbon heated in an arc furnace producing metallurgical grade silicon which is then processed further producing semiconductor grade and solar PV grade polycrystalline silicon. It has been observed that the market is oversupplied by the top players of the polycrystalline silicon manufacturers such as Mitsubishi Polycrystalline Silicon America Corporation, Mitsubishi Polycrystalline Silicon America Corp., GCL-Poly Energy Holdings Limited etc. which has led to the sharp spot price drop of polycrystalline silicon. The global polycrystalline silicon market is expected to grow significantly at a high CAGR during the forecast period.

Market Growth Analysis

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

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Global Polycrystalline Silicon Market: Drivers and Restraints:

Polycrystalline silicon is an important raw material for both solar PV and semiconductor industries. Also, no other substitutes can accomplish the properties benefits and high purity needs as polycrystalline silicon. Thus, demand for polycrystalline silicon will be there with fluctuations in the price rate depending on the supply and demand cycle. The microelectronic and solar PV are the two main end-use sectors driving the global polycrystalline silicon market. The increasing demand for solar panels since they are the cheap source of green electricity propels the global polycrystalline silicon market. Also, government policies for reduction on carbon footprints and adoption of solar panels aid in the increasing consumption of polycrystalline silicon.

However, technological challenges in the manufacture of polycrystalline silicon might restrain the global polycrystalline silicon market.

Global Polycrystalline Silicon Market: Segmentation

Global Polycrystalline Silicon Market: Region Wise Outlook

The global polycrystalline silicon market is divided into seven regions, namely North America, Latin America, Asia Pacific excluding Japan (APEJ), Western Europe, Eastern Europe, Japan and Middle East and Africa (MEA). In terms of production and consumption, Asia Pacific holds a majority of the share in the global polycrystalline silicon market. China is prominent in manufacturing solar modules which consume around more than 50% of polycrystalline silicon. Also, higher import duties on North American manufacturers of polycrystalline silicon has led to benefit Asia Pacific manufacturers especially South Korea and China. The polycrystalline silicon market in Western Europe is expected to expand relatively at a slower pace due to the economic conditions. Latin America followed by MEA are expected to share gain relative high market share during the forecast period.

Global Polycrystalline Silicon Market: Key Players

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, technology and applications. 

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies. 

NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Future Market Insights.

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On the basis of polycrystalline silicon purity, polycrystalline silicon market is segmented into:-

  • 4N
  • 6N
  • 9N
  • 11N

On the basis of polycrystalline silicon form, polycrystalline silicon market is segmented into:-

  • Granules
  • Rods
  • Chunk

On the basis of end use, polycrystalline silicon market is segmented into:-

  • Semiconductor
  • Solar Photovoltaic (PV)

Some of the key players identified in the global polycrystalline silicon market includes:

  • Hemlock Semiconductor Group
  • GCL-Poly Energy Holdings Limited
  • M.SETEK Co.Ltd.
  • LDK Solar Co. Ltd.
  • Tokuyama Corporation
  • SunEdison Inc.
  • REC Silicon ASA
  • Daqo New Energy Corp
  • Wacker Chemie AG
  • OCI Company Limited 

The report covers exhaustive analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain 

 Regional analysis includes

  • North America (Canada, The U.S.)
  • Latin America (Mexico, Brazil, Rest Of Latin America )
  • Western Europe (Germany, Italy, France, U.K, Spain, Netherlands, BENELUX, Nordic countries )
  • Eastern Europe ( Russia, Rest Of Eastern Europe)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC countries, S. Africa, N. Africa and Rest Of MEA)

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint 
Frequently Asked Questions

What research methodology is used to develop the Polycrystalline Silicon Market report?
  • FMI utilizes three branched methods to derive market measurements used to compile any report study (data derivation, triangulation and validation).
  • These approaches include accumulating data from both primary and secondary sources
  • Primary research involves interviews with industry operators and FMI's network of contacts spanning the world's value chain of the Polycrystalline Silicon Market. This is supported by a comprehensive literature analysis of information gathered through secondary sources
  • Analysis of several middle market stakeholders for country-wise data

In addition to up-to-date market figures and customized of the Polycrystalline Silicon Market, FMI offer consulting services to help businesses within industry navigate challenges and take well-informed decisions amidst the breakneck competition.

  • Most of the competitors are segregated according to their market share in 'Tier' wise statures.
  • Global market participants are scrutinized and global competition metrics are included with numerous competitor profiles referring to their business background and go-to market strategies.
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Harish Tiwari

Harish Tiwari

Global Head - Business Development

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