According to study, “World Polysilicon Market Research Report 2024(Covering USA, Europe, China, Japan, SEA and India)” the key companies operating in the world polysilicon market areSales(MT), Hemlock Semiconductor Corp., GCLPoly Energy Holdings Limited, REC Silicon ASA, OCI Company Ltd., TBEA,CYMCO Yunxin Silicon Materials Co, Ltd., SichuanYongxiang Co. Ltd., Shaanxi Non-Ferrous Tian Hong REC Silicon Materials Co, Ltd., Sichuan ReneSola Silicon Materials Co, Ltd., Shaanxi Tianhong Silicon Industrial Corporation, SunEdision Inc., WackerChemie AG, KCC, HanKook Silicon CO. Ltd., Tokuyama Corp., Xinjiang DaqoNewEnergy Corp., Hanwha Chemical, WoongjinPolysilicon Co. Ltd., AsiaSilicon Co. Ltd., Guodian Inner Mongolia Jingyang Energy Co, Ltd., Active Solar Energietechnik GmbH, HebeiDongming Silicon Corporation Ltd., HuangheHydropower Development Co, Ltd., Henan Hengxing Technology Co, Ltd., Inner Mongolia DunAn Photovoltaic Science and Technology Co, Ltd., Jiangsu Kangbo New Material Technology Co, Ltd., Inner Mongolia Shenzhou Silicon Industry LLC., Jiangxi LDK Solar Hi-Tech Co, Ltd., Xinjiang East Hope New Energy Co, Ltd., Xinte Energy Co, Ltd., Xinjiang Hejing Energy Technology Co, Ltd., Ningxia Dongmeng Energy Co, Ltd., Luoyang China Silicon Co. Ltd., YichangCSGPolysilicon Co, Ltd. The key companies operating in this market are adopting many business strategies for instance joint ventures, product launches, and agreements to gain significant market shares.
Polysilicon is a high-quality polycrystalline form of silicon, also known as polycrystalline silicon. It is used as a raw material by electronics andsolar photovoltaic industry.It is produced from metallurgical grade silicon through a chemical purification process, called the Siemens process. It consists of small crystals, also called crystallites, giving the material its distinctive metal flake effect.At the component level, it is also used as a conducting gate material in MOSFET (metal-oxide-semiconductor field effect transistor) and CMOS (complementary metal-oxide-semiconductor) processing technologies. For these technologies it is deposited withLPCVD(low-pressure chemical-vapour deposition) reactors at high temperatures and is generally heavily doped n-type or p-type.
Based on form, polysiliconmarket is segmented into chips, granules, chunks and rods. Based on manufacturing technology, market is segmented into Siemens process, upgraded metallurgical-grade (UMG) silicon process andFluidized Bed Reactor (FBR). In addition, based on end-use industry, market is segmented into electronics and solar PV. Solar PV includesmulticrystalline solar panels and monocrystalline solar panels.
The polysiliconmarket is driven by growth in semiconductor industry, followed by rapid growth in solar photovoltaic (PV)installations, increase in population, change in consumers preference, growth in urbanization, government subsidies, increase in need of polycrystalline silicon, favorable government policies & regulations in tandem with public or private incentives,rise in need for cleaner & efficient renewable energy, improvement in living standards, and rise indemand for electronic devices. However, anti-dumping policies related to polysilicon, highly competitive market and high capital expenditure may impact the market. Moreover,price equilibrium andtechnological advancement in production process are key opportunities for market.
Based on geography, China and Japan countries holds major share in polysiliconmarket owing to high demand for the product in end-use industries such as electronics & solar power generation andrapid urbanization in the countries. Additionally, China is the major producer & supplier of solar PV installations in the world. USA country holds second major share in market due togovernment initiatives for the use of renewable energy sources for instance solar energy. Furthermore, Europe is expected to witness moderate growth on account of rise in demand from consumer electronics over the forecast period.
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Ankur Gupta, Head Marketing & Communications