The global polysiliconmarket is anticipated to reach USD 13.56
billion by 2025, according to a new report by Grand View Research, Inc. The
growing solar PV (photovoltaic) and electronic industry are expected to propel
market demand over the coming years. The FBR technology used in the production
of polysilicon has helped to reduce manufacturing cost to a large extent, thus
lowering prices of polysilicon in 2014. Increasing solar photovoltaic
installations is projected to impact market growth positively. Polysilicon is
also used in the fabrication of crystalline silicon wafers, which is the
backbone of the microelectronics industry.
Asia Pacific occupied the largest share of the global
polysilicon market on account of a vast number of solar installations in
countries such as China, India, Japan, and South Korea. The low cost of solar
grade polysilicon is expected to propel market demand over the forecast period.
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full report by Grand View Research :
Further Key Findings from the Study Suggest:
·
Huge investments in renewable energy
projects across the world is expected to boost the demand for polysilicon over
the forecast period
·
Asia Pacific is projected to grow at the
highest CAGR with China leading the market share
·
PV capacity expansion projects undertaken
in Asia Pacific coupled with the growth of the semiconductor industry is
anticipated to complement market growth within the region
·
North America occupied the second largest
share in 2015 on account of high polysilicon demand in the U.S. electronics and
solar energy industry
·
Implementation of anti-dumping policies is
anticipated to restrain market growth over the forecast period
·
The fluidized bed reactor (FBR) technology
used for the manufacture of solar grade polysilicon helps to reduce
manufacturing cost to a large extent
·
Some of the companies that have adopted the
FBR technology for the manufacture of polysilicon include REC Silicone, GCL
Poly, and SunEdison Inc.
·
According to the International Technology
Roadmap for Photovoltaics (ITRPV), FBR technology used in the manufacture of
polysilicon is projected to occupy 30% of the market share by 2017
·
Chinese duties and the oversupply scenario
experienced by the polysilicon market in 2013 led to plant shutdowns of
company’s such as REC Silicon, SunEdison, Hemlock
·
Companies operating in this market include
GCL-Poly, Wacker Chemie AG, OIC Chemical, REC Silicon, Tokuyama, LDK Solar Co.
Ltd., Hemlock Semiconductor Group, and TBEA Co. Ltd.
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reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/specialty-bio-based-and-water-soluble-polymers
Grand View Research has
segmented the global polysilicon market on the basis of application and region:
Polysilicon
Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
·
Photovoltaic
·
Electronics
Polysilicon
Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
·
North America
o
U.S.
o
Canada
o
Mexico
·
Europe
o
UK
o
Germany
o
France
o
Italy
·
Asia Pacific
o
China
o
Japan
o
India
o
South Korea
o
Australia
·
CSA
o
Chile
o
Honduras
·
MEA
o
South Africa
o
Algeria
View Press Release Of This Report by Grand View
Research: http://www.grandviewresearch.com/press-release/global-polysilicon-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.