Global Polysilicon Market 2017-2021

This industry research report identifies DAQO NEW ENERGY, GCL-Poly Energy Holdings, REC Silicon, Tokuyama Corporation, and Wacker Chemie as the key vendors in the global polysilicon market. This industry research report also presents a detailed analysis of the market by application (Photovoltaics and electronics) and by geography (APAC, North America, Europe, and ROW).

Overview of the global polysilicon market

Technavio’s market study identifies the growing solar installation market to be one of the primary growth factors for the polysilicon market. Countries in the APAC region are increasingly demanding solar panels to generate electricity due to the growing demand for electricity and less monitoring requirement in the solar panels. Solar panels offer benefits such as elimination of expensive maintenance, quicker installation and use of cable, and reduced susceptibility to damage. Polysilicon offers superior material properties that influences its use in solar energy production. Polysilicon material is the core component in the silicon wafer that produces concentrated solar power (CSP). CSP technology produces efficient and sustainable energy. Our market analysts estimate that the market will grow steadily at a CAGR of greater than 13% by 2021.

Green bonds or climate bonds are reserves targeted at green investments and they provide traction to the demand for solar photovoltaic (PV). Rising solar PV installations influences the demand for polysilicon. Green bonds and green label provide large organizations with access to a broader investor base to reduce their cost of capital. Also, these green bonds facilitate clean energy investments. For instance, the Korea Development Bank issued a green corporate bond for renewable energy projects worth $300 million in July 2017. The advent of green bonds influencing demand for polysilicon is identified as one of the key trends contributing towards the growth of the polysilicon market.

Competitive landscape and key vendors

The polysilicon market is moderately concentrated owing to the presence of few key players. Key polysilicon manufacturers adopt backward integration strategy to achieve cost savings and employ strategic initiatives to expand their business operations. Vendors compete intensely in terms of cost of production, innovation in products, price, operational cost, R&D cost, and product quality.The growth potential of the photovoltaic panels market is predicted to be consistent.

The leading vendors in the market are

• DAQO NEW ENERGY
• GCL-Poly Energy Holdings
• REC Silicon
• Tokuyama Corporation
• Wacker Chemie

The other prominent vendors in the market are Hemlock Semiconductor Operations and Hemlock Semiconductor, HANKOOK SILICON, Hanwha Chemical, Lanco Solar, Mitsubishi Polycrystalline Silicon America, TBEA, OSAKA Titanium Technologies, Qatar Solar Technologies, Targray, and WOONGJIN POLYSILICON.

Segmentation by application and analysis of the polysilicon market

• Photovoltaics
• Electronics

The growing solar energy industry makes exponential use of polysilicon in the photovoltaics segment of the photovoltaic panels market. Raw polysilicon or polycrystalline has semiconductor properties, due to which they are widely used in manufacturing solar cells and solar photovoltaic products. The growth of the photovoltaics segment is supported by factors such as increasing number of solar power installations worldwide, implementation of favorable government and financial policies, and growing investments in rooftop solar PV installation.

Geographical segmentation and analysis of the polysilicon market

• APAC
• North America
• Europe
• ROW

APAC is increasingly investing in renewable energy integration initiatives and adopting renewable solar energy installations. APAC contains several top electronics fabrication materials manufacturing countries with China being the largest producer of polysilicon. Key players are investing heavily in R&D to develop technological advances.

Key questions answered in the report include

• What will the market size, market forecast and the growth rate be in 2021?
• What are the key factors driving the global polysilicon market?
• What are the key market trends impacting the growth of the global polysilicon market?
• What are the challenges to market growth?
• Who are the key vendors in the global polysilicon market?
• What are the market opportunities and threats faced by the vendors in the global polysilicon market?
• Trending factors influencing the market shares of the APAC, North America, Europe, and ROW.
• What are the key outcomes of the five forces analysis of the global polysilicon market?

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