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