Global polysilicon market is anticipated to grow at a CAGR of 14.2% during the forecast period (2024-2031). With the increasing global demand for solar PV modules, prominent nations like Germany, France, and Italy are prioritizing domestic production to counter volatility in PV module prices and escalating geopolitical tensions, underscoring the imperative for enhanced energy security. This upward trajectory is poised to intensify in the forecast period, propelled by nations formulating favorable policies and implementing long-term strategies to realize sustainable development goals.
Browse the full report description of “Polysilicon Market Size, Share & Trends Analysis Report By Grade (Solar Grade Polysilicon (Monocrystalline Ingot/Wafer And Cells, Multi Crystalline Ingot/Wafer and Cells, And Novel Wafer) and Electronics/Semiconductor Grade Polysilicon) By Type (Granular Polysilicon, Polysilicon Rod, Polysilicon Chunk, and Others (Polysilicon Chip And Polysilicon Fines)) Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/polysilicon-market
Germany's Role and Impact: Second-largest Polysilicon Producer Globally
In addition to a robust PV industry, Germany claims the position of the world's second-largest polysilicon producer, boasting an annual capacity of 60,400.0 tons, constituting 6.0% of the global polysilicon production. According to the 2023 report from the International Energy Agency (IEA), of the total global polysilicon output of 58,000 tons, around 47,000 tons are attributed to PV applications. This surge in demand, coupled with the presence of key industry players like Wacker Chemie AG and Siltronic, alongside Germany's robust polysilicon sector, is fueling comprehensive growth in the solar-grade polysilicon market. Anticipated to accelerate further in the forecast period, this growth is chiefly propelled by increasing government support, investments, and escalating demand from end-users.
Market Coverage
• The market number available for – 2023-2031
• Base year- 2023
• Forecast period- 2024-2031
• Segment Covered-
o By Grade
o By Type
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape - Tongwei Solar Co., Ltd., GCL Technology Holdings Limited, Daqo New Energy, Xinte Energy, Wacker Chemie AG, and OCI Solar Power.
Key questions addressed by the report.
Global Polysilicon Market Report Segment
By Type
By Grade
• Solar Grade Polysilicon
o Monocrystalline Ingot/Wafer and Cells
o Multi Crystalline Ingot/Wafer and Cells
o Novel Wafer
• Electronics / Semiconductor Grade Polysilicon
Global Polysilicon Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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