Polysilicon Market, by Manufacturing Technology (Siemens Process and Fluidized Bed Reactor (FBR) Process), by Application (Photovoltaic and Electronics), and by Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2018-2026

  • To Be Published : Jan 2019 |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Polysilicon or polycrystalline silicon is a highly pure form of silicon and is an essential material for photovoltaic (PV) and the electronics industry. It is widely used for manufacturing high-efficiency modules, ingots, wafers, cells, and solar power generation systems.

Polysilicon is manufactured in two forms — granular polysilicon and chunk polysilicon — depending on the production technology. Government initiatives such as tax exemption for the solar energy industry and renewable energy policies are major factors boosting demand for polysilicon over the forecast period. Moreover, according to an article published by Amplus Solar in Jan 2018, the government of India undertook major programs to promote solar energy generation such as Jawaharlal Nehru National Solar Mission, Solar Park Scheme, and Rooftop scheme.

Polysilicon Market Outlook

  • Polysilicon is extensively used in manufacturing photovoltaic and electronics. According to BP Statistical Review of World Energy published in June 2018, new solar PV installations of 97 GW in 2017 increased global power solar generating capacities to 400GW recording the growth of 32.0% in comparison with 2016. This, in turn, is expected to increase demand for polysilicon from the photovoltaic
  • Asia Pacific is projected to witness highest growth rate in the global polysilicon market over the forecast period. This is owing to increasing demand for consumer electronics and semiconductors in China and India. According to India Brand Equity Foundation’s (IBEF) report published in June 2017, Indian electronics market was valued at US$ 100.0 billion in 2016 and is expected to reach USD 400.0 billion by 2020, growing at a CAGR of 41.4% during the period.

Key Players

Key players operating in the global polysilicon market include GCL-Poly Energy Holdings Limited, Wacker Chemie AG, Daqo New Energy Corp., OCI Company Ltd., and Xinte Energy Co., Ltd. Other companies dealing in the industry include Fluor Corporation, Targray, and others.

Key players are focused on investment, and acquisition strategies in order to enhance their market share. For instance, in April 2017, OCI Company Ltd. announced the acquisition of Tokuyama’s Malaysia polysilicon production with a capacity of 20,000 MT. This acquisition helped OCI to become second largest polysilicon producer worldwide with the annual production capacity of 72,000 MT.

Polysilicon Market Taxonomy

On the basis of manufacturing technology, the global polysilicon market is segmented into:

  • Siemens Process
  • Fluidized Bed Reactor (FBR) Process

On the basis of application, the global polysilicon market is segmented into:

  • Photovoltaic
  • Electronics

On the basis of region, the global polysilicon market is segmented into:

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • Italy
    • France
    • Russia
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • Australia
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America
  • Middle East
    • GCC
    • Israel
    • Rest of Middle East
  • Africa
    • North Africa
    • Central Africa
    • South Africa

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


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Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
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  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.
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Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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