Global Polysilicon Market 2017-2021
Polysilicon is high purity polycrystalline form of silicon derived from quartzite, a form of quartz sandstone rock. Owing to its semiconductor properties, polysilicon is used in various applications such as solar photovoltaics and electronics. The three grades of polysilicon are high-purity, secondary-grade, and recycled grade. Though manufacturers prefer various production technologies, the two key production techniques are fluidized bed reactor (FBR) and the Siemens process. The production technique depends on the end-user application and production capacity.
Technavio’s analysts forecast the global polysilicon market to grow at a CAGR of 13.11% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global polysilicon market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Polysilicon Market 2017-2021
Technavio recognizes the following companies as the key players in the global polysilicon market: DAQO NEW ENERGY, GCL-Poly Energy Holdings, REC Silicon, Tokuyama Corporation, and Wacker Chemie.
Other Prominent Vendors in the market are: Hemlock Semiconductor Operations and Hemlock Semiconductor, HANKOOK SILICON, Hanwha Chemical, Lanco Solar, Mitsubishi Polycrystalline Silicon America, TBEA, OSAKA Titanium Technologies, Qatar Solar Technologies, Targray, and WOONGJIN POLYSILICON.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is green bonds fueling demand for polysilicon. Green bonds, also known as climate bonds, refer to bonds with proceeds reserved for green investments. For instance, the Korea Development Bank issued a green corporate bond for renewable energy projects worth $300 million in July 2017. The National Bank of Australia issued green bonds for 17 wind and solar farms.”
According to the report, one driver in the market is increasing demand for consumer electronics driving the demand for polysilicon. Polysilicon is commercially used in the manufacturing of consumer electronics such as cellular phones, LED, displays and projectors, wearable electronic devices, and gaskets and lighting devices. The global consumer electronics market is driven by factors such as growing urban population, rising disposable income, strong supply chain, and high Internet penetration. Growth in the consumer electronics market has increased the demand for polysilicon.
Further, the report states that one challenge in the market is antidumping regulations on polysilicon. China, Japan, South Korea are the major producers of polysilicon. The increasing consumption of electronic items has led to the creation of a large industry base for electronics. High-tech gadgets require high processing power that requires re-designing of semiconductor parts in devices. The existing manufacturing infrastructure must be upgraded, and new manufacturing facilities are required in the market in APAC.
DAQO NEW ENERGY, GCL-Poly Energy Holdings, REC Silicon, Tokuyama Corporation, Wacker Chemie, Hemlock Semiconductor Operations and Hemlock Semiconductor, HANKOOK SILICON, Hanwha Chemical, Lanco Solar, Mitsubishi Polycrystalline Silicon America, TBEA, OSAKA Titanium Technologies, Qatar Solar Technologies, Targray, and WOONGJIN POLYSILICON.