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Polysilicon Market Global Major Key Players Overview – Forecast to 2025

The growing solar PV (photovoltaic) and electronic industry are expected to propel market demand over the coming years. The FBR technology used in the production of polysilicon has helped to reduce manufacturing cost to a large extent, thus lowering prices of polysilicon in 2014. Increasing solar photovoltaic installations is projected to impact market growth positively. Polysilicon is also used in the fabrication of crystalline silicon wafers, which is the backbone of the microelectronics industry.

The Global Polysilicon Market is anticipated to reach USD 13.56 billion by 2025, according to a new report by Grand View Research, Inc.


Asia Pacific occupied the largest share of the global polysilicon market on account of a vast number of solar installations in countries such as China, India, Japan, and South Korea. The low cost of solar grade polysilicon is expected to propel market demand over the forecast period.

Huge investments in renewable energy projects across the world is expected to boost the demand for polysilicon over the forecast period. Asia Pacific is projected to grow at the highest CAGR with China leading the market share.

To Know More About Polysilicon Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/polysilicon-market-analysis 

PV capacity expansion projects undertaken in Asia Pacific coupled with the growth of the semiconductor industry is anticipated to complement market growth within the region. North America occupied the second largest share in 2015 on account of high polysilicon demand in the U.S. electronics and solar energy industry.

Top Players of Polysilicon Market:

Companies operating in this market include GCL-Poly, Wacker Chemie AG, OIC Chemical, REC Silicon, Tokuyama, LDK Solar Co. Ltd., Hemlock Semiconductor Group, and TBEA Co. Ltd.  

Market Segmentation of Polysilicon Market:

The Global Polysilicon Market segmented on the basis of Application and Region.

By Application:

Photovoltaic
Electronics

By Region:

North America
Europe
Asia Pacific
CSA
MEA

Inquire about Polysilicon Market with Our Experts @ https://www.grandviewresearch.com/inquiry/438/ibb 
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