Global Polysilicon Market Research

  • April 1, 2020
  • 776
  • Chemicals and Materials

New York City, NY, 01 April, 2020/ 24 Market Reports: It is estimated for the global Polysilicon market to reach USD 8.90 Billion by 2021 at a CAGR of 13.0%. The rapid growth of the key end-use industries, such as solar PV and electronics is driving the market. However, the price decrease and anti-dumping policies hinder the growth of the global polysilicon market.

Solar PV sector is estimated to account for the largest market share among the end-use industries

The solar PV sector is estimated to account for the largest market share among the end-use industries. The segment is estimated to grow at the highest CAGR in the market. The increasing demand for solar PV installation across the world, which in turn drives the consumption of polysilicon is driving the growth of the market during the forecast period.

The global polysilicon market is growing at a moderate rate thus hindering the market growth

The global polysilicon market is growing at a moderate rate, and the high capital expenditure required establishing a polysilicon facility is one of the key factors hindering the market growth. This creates a huge entry barrier for the new entrants in the global polysilicon market, which in turn discourages competition and lowers overall market growth.

Asia Pacific region to grow at the highest rate during the forecast period

Asia-Pacific region, North America, Europe, Middle East, Africa & South America is the segmentation based on geography. Asia Pacific region is leading the market during the forecast period. The huge demand for solar PV installation in China, Japan and India are driving the market in the region. Increasing solar PV installation in the U.S. is supplementing the demand for polysilicon in the North American region.

Notable Polysilicon Market  Development

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