Polysilicon Market

Polysilicon Market: Rapid Growth in Solar PV Installations Across the Globe to Drive Revenue Growth: Global Industry Analysis 2013 - 2017 and Opportunity Assessment 2018 - 2028

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Polysilicon, also known as polycrystalline silicon, is a highly purified form of silicon. Polysilicon possesses semiconductor properties and attributing to this, it is prevalently used in the solar as well as in electronics industry. Polysilicon is manufactured through three main commercial processes, namely the Siemens process, FBR process and upgraded metallurgical grade process. The polysilicon obtained from the Siemens process is in the form of rods, while the one obtained from the FBR technology is in a granular form and more efficient. Applications of polysilicon are based on its purity. For instance, 9N pure polysilicon is used in solar applications and 11N pure polysilicon is used in semiconductor applications. Generally, polysilicon is of two grades, namely solar and electronics. Solar grade polysilicon is used in photovoltaic cell manufacturing, whereas electronics grade polysilicon is used in the manufacturing of integrated circuits, power conversion devices, optics and micro-electromechanical systems (MEMS), among others products.

The global polysilicon market is estimated to be valued at US$ 7.1 Bn by 2018 end and is expected to reach US$ 11.8 Bn by the end of 2028, expanding at a CAGR of 5.2% over the forecast period. The global polysilicon market is anticipated to represent an incremental opportunity of US$ 4.7 Bn between 2018 and 2028.

Solar grade polysilicon segment is expected to grow at a decent pace in terms of volume – value during the forecast period

Solar energy is a low cost energy source and owing to this, governments of several countries and the industry sector are emphasizing on the expansion of their solar energy capacities. In 2017, the solar industry witnessed a positive start for power generation and increased its installed capacity to 291.9 GW. Moreover, in 2017, China alone accounted for more than 30 GW and Europe crossed the 100 GW mark for installed solar PV capacity. In terms of solar installation, the global solar PV market is expected to witness 1.5X growth during 2017 – 2020. Thus, this rapid growth in solar PV installations in urban as well as semi-urban areas across the globe is expected to significantly contribute to the overall growth of the polysilicon market. Along with this, manufacturers of solar PV modules are focusing on technological advancements in order to gain a high conversation rate and high efficiency in solar cells. Mono-based solar PV installations across the globe are expected to register a relatively high growth rate as compared to multi-based polysilicon solar PV installations, owing to their high efficiency, which in turn is expected to boost the demand for the solar grade polysilicon market. However, the antidumping and countervailing duties imposed by China and the U.S. governments on polysilicon and solar panels have hampered the growth of the polysilicon market. Despite this, the government of China is enormously investing in the development of the solar industry, which in turn is expected to drive the China polysilicon market and provide impetus for the growth of domestic polysilicon manufacturers.

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China dominates the polysilicon market and India is tipped to be a high growth market by the end of the forecast period

From a regional perspective, the polysilicon market is dominated by China in terms of production and consumption. It is expected that the polysilicon market in China is projected to witness relatively healthy growth over the forecast period. This can be mainly attributed to the rising government investments in the solar industry and significant growth of the electronics and semiconductor industry in China. Moreover, the India polysilicon market is estimated to register a double-digit CAGR over the forecast period. In terms of consumption, SEA and India, together, are estimated to hold over 27% of the polysilicon market in 2018. However, the detrimental impact of antidumping and countervailing duty on the North America polysilicon market will slow down the growth of the market during the initial forecast years.

Key Players

Some of the players reported in this study on the global polysilicon market include Wacker Chemie AG, OCI Company Ltd., GCL-Poly Energy Holdings Limited., TBEA Co. Ltd, REC Silicon ASA., CSG Holdings Co., Ltd., Tokuyama Corporation, Daqo New Energy Co., Ltd., Mitsubishi Materials corporation, Hanwha Chemical Co., Ltd, Asia Silicon, Osaka Titanium Technologies Co., Ltd., Qatar Solar Technologies and Hemlock Semiconductor Corporation, among others. Moreover, polysilicon manufacturers have been channelizing efforts towards strengthening their production capacity volumes and focusing on specific regions for the same to cater to regional markets. This is expected to positively impact the polysilicon market in the near future.

Future Market Insights (FMI) analyzes the global polysilicon market in its new publication titled “Polysilicon Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018–2028”. This study provides exhaustive analysis and fetches key information on the target market on the basis of grade and region for the historical period 2013 – 2017 and forecast period 2017 – 2028. The main objective of the report is to ascertain dynamics in the polysilicon market and provide insights pertaining to the various segments of the global polysilicon market. To provide a better understanding and support stakeholders for decision making and market analysis, the report is incorporated with the analysis of drivers, restraints and trends that influence the current market scenario and are expected to impact the global polysilicon market over the forecast period.The study provides data for 2017 along with an inclusive market forecast for the period 2018 – 2028.

Market segmentation

Grade Type

Region

  • Solar Grade

  • Electronics Grade

  • North America

  • Latin America

  • Europe

  • SEA & Pacific

  • China

  • India

  • Japan

  • Middle East and Africa

Report Description

To understand and assess market opportunities and trends, the global polysilicon market report is categorically split into different sections based on grade and regions. The report starts with the market overview and provides market definition and taxonomy along with value chain, drivers, supply demand scenario & pricing analysis pertaining to the market. The sections that follow include global polysilicon market analysis – by grade and regional/country level analysis. All the above sections evaluate the market on the basis of various factors affecting the market. Each section discusses the qualitative and quantitative aspects of the global polysilicon market. To give a brief idea about revenue opportunities from the end-use, delivery form and region/country-wise segments, the report also provides market value (US$ Mn) data, growth rates, market shares and total incremental $ opportunity indices for each segment over the forecast period (2018-2028).

In the final section of the report, we have provided a detailed competition landscape with company market share and performance in order to provide report audiences with a dashboard view of key players operating in the global polysilicon market along with their business strategies. This would enable clients to assess strategies deployed by market leaders and help them develop effective strategies accordingly.

Research Methodology

For market data analysis, we have considered 2017 as the base year with market numbers estimated for 2018 and forecasts made for 2018–2028. For the assessment of market size, global demand for polysilicon is evaluated and funnel down to different grades ate region/country level. FMI assessment is based on a multipronged approach comprising primary research, secondary research and triangulation of data obtained therefrom. In secondary research, data available in public domain such as industry association, company annual reports, white papers, publications, journals and government sites, among others sources will be collected and accordingly, set of data points will be built. For the same, a top-down approach has been used to assess market numbers for each grade and bottom-up approach has been used to counter validate the market estimation. For forecast assessment, forecast growths for end use industries such as solar, electronics and semiconductor, among others and other related factors affecting polysilicon consumption in particular polysilicon grade along with insights provided by industry participants are weighed in so as to develop a pertinent forecast for individual grades. The forecast presented in the report evaluates the actual market size (US$ Mn) in 2017 with regard to polysiliconand the expected market value in the global polysilicon marketover the forecast period.

We have also analyzed the different segments of the global polysilicon marketin terms of basis point share (BPS) to understand individual segments’ relative contribution to market growth. This detailed level of information is important for identifying various key trends governing the global polysilicon market. The report also analyses the global polysilicon marketbased on the incremental $ opportunity & the global absolute $ opportunity. This is usually overlooked while estimating the market forecast. However, from a business development perspective, it is essential to identify that market attractiveness in terms of three indices, viz. market share index, CAGR index and incremental $ opportunity index, is essential to identify the high potential resources in the polysilicon market. Moreover, the market attractiveness index to understand the key segments in terms of their performance and growth in the global Polysilicon market. This market attractiveness index would help clients identify real market opportunities in the global polysilicon market.

Polysilicon Market Reports - Table of Contents

1. Executive Summary

1.1. Market Overview

1.2. Market Analysis

1.3. FMI Analysis and Recommendation

1.4. Wheel of Fortune

2. Market Introduction

2.1. Taxonomy

2.2. Market Definition

3. Market Viewpoint

4. Global Polysilicon Market Analysis 2013–2017 and Forecast 2018–2028

4.1. Global Polysilicon Market Forecast

4.2. Pricing Analysis

4.3. Global Polysilicon Market Analysis

5. Porters Analysis

6. Market Dynamics

6.1.1. Drivers

6.1.2. Restraints

6.1.3. Trends

7. Manufacturing Process Overview

7.1. Manufacturing Process

7.2. Cost Structure

8. Forecast Factors: Relevance and Impact

9. Global Polysilicon Market Analysis and Forecast, By Grade

9.1. Introduction

9.2. Historical Market Size (US$ Mn) and Volume (Tons) Trend Analysis By Grade, 2013–2017

9.3. Current Market Size (US$ Mn) and Volume (Tons) Forecast By Grade, 2018–2028

9.3.1. Solar Grade

9.3.2. Electronics Grade

10. Global Polysilicon Market Analysis and Forecast, By Region

10.1.Introduction

10.2.Historical Market Size (US$ Mn) and Volume (Tons) Trend Analysis By Region, 2013–2017

10.3.Current Market Size (US$ Mn) and Volume (Tons) Forecast By Region, 2018–2028

10.3.1. North America

10.3.2. Latin America

10.3.3. Europe

10.3.4. China

10.3.5. India

10.3.6. Japan

10.3.7. South East Asia Pacific

10.3.8. Middle East & Africa (MEA)

11. North America Polysilicon Market Analysis and Forecast

11.1.Introduction

11.2.Historical Market Size (US$ Mn) and Volume (Tons) Trend Analysis By Market Segment, 2013–2016

11.3.Current Market Size (US$ Mn) and Volume (Tons) Forecast By Market Segment, 2018–2028

11.3.1. By Country

11.3.1.1. U.S.

11.3.1.2. Canada

11.3.2. By Grade

12. Latin America Polysilicon Market Analysis and Forecast

12.1.Introduction

12.2.Historical Market Size (US$ Mn) and Volume (Tons) Trend Analysis By Market Segment, 2013–2016

12.3.Current Market Size (US$ Mn) and Volume (Tons) Forecast By Market Segment, 2018–2028

12.3.1. By Country

12.3.1.1. Brazil

12.3.1.2. Mexico

12.3.1.3. Rest of Latin America

12.3.2. By Grade

13. Europe Polysilicon Market Analysis and Forecast

13.1.Introduction

13.2.Historical Market Size (US$ Mn) and Volume (Tons) Trend Analysis By Market Segment, 2013–2016

13.3.Current Market Size (US$ Mn) and Volume (Tons) Forecast By Market Segment, 2018–2028

13.3.1. By Country

13.3.1.1. Germany

13.3.1.2. U.K.

13.3.1.3. Spain

13.3.1.4. France

13.3.1.5. Italy

13.3.1.6. Rest of Europe

13.3.2. By Grade

14. SEA Polysilicon Market Analysis and Forecast

14.1.Introduction

14.2.Historical Market Size (US$ Mn) and Volume (Tons) Trend Analysis By Market Segment, 2013–2016

14.3.Current Market Size (US$ Mn) and Volume (Tons) Forecast By Market Segment, 2018–2028

14.3.1. By Country

14.3.1.1. South Korea

14.3.1.2. Taiwan

14.3.1.3. ASEAN

14.3.1.4. Rest of SEA

14.3.2. By Grade

15. China Polysilicon Market Analysis and Forecast

15.1.Introduction

15.2.Historical Market Size (US$ Mn) and Volume (Tons) Trend Analysis By Market Segment, 2013–2016

15.3.Current Market Size (US$ Mn) and Volume (Tons) Forecast By Market Segment, 2018–2028

15.3.1. By Grade

16. Japan Polysilicon Market Analysis and Forecast

16.1.Introduction

16.2.Historical Market Size (US$ Mn) and Volume (Tons) Trend Analysis By Market Segment, 2013–2016

16.3.Current Market Size (US$ Mn) and Volume (Tons) Forecast By Market Segment, 2018–2028

16.3.1. By Grade

17. Japan Polysilicon Market Analysis and Forecast

17.1.Introduction

17.2.Historical Market Size (US$ Mn) and Volume (Tons) Trend Analysis By Market Segment, 2013–2016

17.3.Current Market Size (US$ Mn) and Volume (Tons) Forecast By Market Segment, 2018–2028

17.3.1. By Grade

18. MEA Polysilicon Market Analysis and Forecast

18.1.Introduction

18.2.Historical Market Size (US$ Mn) and Volume (Tons) Trend Analysis By Market Segment, 2013–2016

18.3.Current Market Size (US$ Mn) and Volume (Tons) Forecast By Market Segment, 2018–2028

18.3.1. By Country

18.3.1.1. The UAE

18.3.1.2. Qatar

18.3.1.3. Other GCC countries

18.3.1.4. South Africa

18.3.1.5. Rest of MEA

18.3.2. By Grade

19. Competition Landscape

19.1.Market Structure

19.2.Competition Dashboard

19.3.Company Profiles

19.3.1. Wacker Chemie AG

19.3.2. OCI Company Ltd.

19.3.3. GCL-Poly Energy Holdings Limited

19.3.4. TBEA Co. Ltd

19.3.5. REC Silicon ASA.

19.3.6. CSG Holdings Co., Ltd

19.3.7. Tokuyama Corporation

19.3.8. Daqo New Energy Co., Ltd.

19.3.9. Mitsubishi Materials corporation

19.3.10. Hanwha Chemical Co., Ltd

19.3.11. Asia Silicon

19.3.12. Osaka Titanium Technologies Co., Ltd.

19.3.13. Qatar Solar Technologies

19.3.14. Hemlock Semiconductor Corporation

20. Research Methodology

21. Assumption & Acronyms Used

Polysilicon Market Reports - List of Tables

Table 01: Global Polysilicon Market Value (US$ Mn) and Volume (Tons) By Grade, 2012–2027

Table 02: Global Polysilicon Market Value (US$ Mn) and Volume (Tons) by Region, 2012–2027

Table 03: North America Polysilicon Derivatives (Polysilicon) Market Value (US$ Mn) and Volume (Tons) by Region, 2012–2027

Table 04: North America Polysilicon Market Value (US$ Mn) and Volume (Tons) by Grade, 2012–2027

Table 05: Latin America Polysilicon Market Size (US$ Mn) and Volume (KT) Forecast by Country, 2013 – 2028

Table 06: Latin America Polysilicon Market Size (US$ Mn) and Volume (Tons) Forecast by Grade, 2013 – 2028

Table 07: Europe Polysilicon Market Value (US$ Mn) and Volume (Tons) by Region, 2013 – 2028

Table 08: Europe Polysilicon Market Value (US$ Mn) and Volume (Tons) by Grade , 2013 – 2028

Table 09: SEA & Pacific Polysilicon Market Value (US$ Mn) and Volume (Tons) by Grade, 2013 – 2028

Table 10: SEA & Pacific Polysilicon Market Value (US$ Mn) and Volume (Tons) by Region, 2013 – 2028

Table 11: China Polysilicon Market Value (US$ Mn) and Volume (Tons) by Grade, 2013 – 2028

Table 12: India Polysilicon Market Value (US$ Mn) and Volume (Tons) by Grade, 2013 – 2028

Table 13: Japan Polysilicon Market Value (US$ Mn) and Volume (Tons) by Grade, 2013 – 2028

Table 14: Middle East & Africa Polysilicon Market Size (US$ Mn) and Volume (KT) Forecast by Country, 2013 – 2028

Table 15: MEA Polysilicon Market Size (US$ Mn) and Volume (Kilo Tons) Forecast by Grade, 2013 – 2028

Polysilicon Market Reports - List of Figures

Figure 01: Prominent 10 Countries of Chemical Sales (2016), By Value

Figure 02: Global Chemical Sales Share (2016), By Region

Figure 03: Electrical and Electronics Industry Market Analysis

Figure 04: Electrical and Electronics Industry Market Share by Region, 2017

Figure 05: Semiconductor Industry Market Analysis

Figure 06: Semiconductor Industry Market Share by Region, 2017

Figure 07: Solar PV Installed Capacity (GW)

Figure 08: Cell Efficiency - Mono and Multi Type Polysilicon

Figure 09: Share (%) - Mono and Multi Polysilicon

Figure 10: Global Polysilicon Market Value (US$ Mn) and Volume (Tons) Historical Data and Forecast 2013-2028

Figure 11: Global Polysilicon Market Absolute $ Opportunity Analysis, 2013–2028

Figure 12: Polysilicon Market – Porter’s Analysis

Figure 13: Polysilicon Manufacturing by Siemens Process

Figure 14: Polysilicon Manufacturing by FBR Process

Figure 15: Polysilicon Manufacturing by Upgraded Metallurgical Grade Process

Figure 16: Production Cost Analysis

Figure 17: Cost Structure  - Polysilicon (U.S.)

Figure 18: Cost Structure – Polysilicon (India)

Figure 19: Cost Structure  - Polysilicon (MEA)

Figure 20: Cost Structure – Polysilicon (China)

Figure 21: Global Polysilicon Market Share and BPS Analysis By Grade, 2013, 2018 & 2028

Figure 22: Global Polysilicon Market Attractiveness Analysis, By Grade, 2018–2028

Figure 23: Global Polysilicon Market Absolute $ Opportunity by Solar grade Segment, 2017 – 2028

Figure 24: Global Polysilicon Market Absolute $ Opportunity by Electronics grade Segment, 2017 – 2028

Figure 25: Global Polysilicon Market Share and BPS Analysis by Region, 2013, 2018 & 2028

Figure 26: Global Polysilicon Market Attractiveness Analysis, by Region, 2018–2028

Figure 27: Global Polysilicon Market Absolute $ Opportunity (US$ Mn), 2018 – 2028 by Region

Figure 28: North America Polysilicon Market Share and BPS Analysis by Country, 2013, 2018 & 2028

Figure 29: North America Polysilicon Market Attractiveness Analysis, by Country, 2018–2028

Figure 30: North America Market Absolute $ Opportunity (US$ Mn), 2017 – 2028 by Country

Figure 31: North America Polysilicon Market Share and BPS Analysis by Grade, 2013, 2018 & 2028

Figure 32: North America Polysilicon Market Attractiveness Analysis, by Grade, 2018–2028

Figure 33: Latin America Polysilicon Market Share and BPS Analysis by Country – 2013, 2018 & 2028

Figure 34: Latin America Polysilicon Market attractive analysis Projections by Country, 2018 – 2028 

Figure 35: Latin America Polysilicon Market Absolute $ Opportunity (US$ Mn), 2018 – 2028 by Country

Figure 36: Latin America Polysilicon Market Share and BPS Analysis by Grade – 2013, 2018 & 2028

Figure 37: Latin America Polysilicon Market attractive analysis by Grade, 2018 – 2028 

Figure 38: Europe Polysilicon Market Share and BPS Analysis by Region– 2013, 2018 & 2028

Figure 39: Europe Polysilicon Market Attractiveness Analysis by Region, 2018 – 2028

Figure 40: Europe Polysilicon Market Absolute $ Opportunity (US$ Mn), 2018 – 2028 by Country

Figure 41: Europe Polysilicon Market Share and BPS Analysis by Grade – 2013, 2018 & 2028

Figure 42: Europe Polysilicon Market Attractiveness Analysis by Grade , 2018 – 2028

Figure 43: SEA & Pacific Polysilicon Market Share and BPS Analysis by Grade– 2013, 2018 & 2028

Figure 44: SEA & Pacific Polysilicon Market Attractiveness Analysis by Grade, 2018 – 2028

Figure 45: SEA & Pacific Polysilicon Market Share and BPS Analysis by Country– 2013, 2018 & 2028

Figure 46: SEA & Pacific Polysilicon Market Attractiveness Analysis by Country, 2018 – 2028

Figure 47: SEA Market Absolute $ Opportunity (US$ Mn), 2017 – 2028 by Country

Figure 48: China Polysilicon Market Share and BPS Analysis by Grade– 2013, 2018 & 2028

Figure 49: China Polysilicon Market Attractiveness Analysis by Grade, 2018 – 2028

Figure 50: India Polysilicon Market Share and BPS Analysis by Grade– 2013, 2018 & 2028

Figure 51: India Polysilicon Market Attractiveness Analysis by Grade, 2018 – 2028

Figure 52: Japan Polysilicon Market Share and BPS Analysis by Grade – 2013, 2018 & 2028

Figure 53: Japan Polysilicon Market Attractiveness Analysis by Grade, 2018 – 2028

Figure 54: Middle East & Africa Polysilicon Market Share and BPS Analysis by Country – 2013, 2018 & 2028

Figure 55: Middle East & Africa Polysilicon Market attractive analysis Projections by Country, 2018 – 2028

Figure 56: MEA Polysilicon Market Absolute $ Opportunity (US$ Mn), 2018 – 2028 by Country

Figure 57: MEA Polysilicon Market Share and BPS Analysis by Grade – 2013, 2018 & 2028

Figure 58: MEA Polysilicon Market Attractive Analysis by Grade, 2018 – 2028