Polycrystalline Silicon Market to Flourish with an Impressive CAGR by 2024



Global Polycrystalline Silicon Market: Snapshot

Polycrystalline silicon comes under very high form of purity of silicon. It is even known as polysilicon or Poly-Si. Polycrystalline silicon is utilized as crude material for electronic and solar photovoltaic sector. The polycrystalline silicon is produced by any of the three procedure in particular Siemens process or Czochralski process, Bridgman– Stockbarger system, and Float Zone Method. The procedure begins with heating of carbon and quartz in a arc heater creating metallurgical grade silicon which is further processed delivering solar PV grade and semiconductor grade polycrystalline silicon. It has been seen that the market is oversupplied by the best players of the polycrystalline silicon producers which has prompted the sharp spot value drop of polycrystalline silicon. The global polycrystalline silicon market is estimated to develop at a high CAGR during the forecast period from 2018 to 2026.


Global Polycrystalline Silicon Market: Trends and Opportunities

Polycrystalline silicon is an essential crude material for both semiconductor and solar PV enterprises. Similarly, no different substitutes can achieve the level of purity and properties advantages as polycrystalline silicon. Resultantly, demand for polycrystalline silicon ought to increase with changes in the value rate as per the demand and supply cycle. The solar PV and microelectronic are the two principle end-use industries fueling the global polycrystalline silicon market. The surging demand for solar circuits since they are very cheap source of clean electricity drives the global polycrystalline silicon market. Additionally, government approaches for popularity of solar panels and decrease on carbon impressions help in the expanding utilization of polycrystalline silicon.

Nevertheless, technological difficulties in the making of polycrystalline silicon may limit the global polycrystalline silicon market.


Global Polycrystalline Silicon Market: Regional Analysis

The global polycrystalline silicon market is classified into Latin America, North America, Asia Pacific, Eastern Europe, Western Europe, Japan and Middle East and Africa. As far as production and utilization is concerned, Asia Pacific holds a larger part of the share in the global polycrystalline silicon market. China leads majorly in making of solar based modules which expend around over half of polycrystalline silicon. Additionally, higher import obligations on the makers in North America of polycrystallto Witness Widespread Expansion by 2024ine silicon have prompted advantage Asia Pacific makers particularly in China and South Korea. The polycrystalline silicon market in Western Europe is estimated to grow moderately at a slower pace because of the monetary conditions.

Global Polycrystalline Silicon Market: Competitive Landscape

The major palyers operating in the global polycrystalline silicon market are GCL-Poly Energy Holdings Limited, Hemlock Semiconductor Group, LDK Solar Co. Ltd., SunEdison Inc., Daqo New Energy Corp, M.SETEK Co.Ltd., OCI Company Limited, Tokuyama Corporation, REC Silicon ASA, and Wacker Chemie AG

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