Solar Grade Polysilicon Market Increasing Demand, Growth Analysis and Future Outlook by 2031
Solar Grade Polysilicon Market Increasing Demand, Growth Analysis and Future Outlook by 2031
Blog Article
Solar grade polysilicon market is anticipated to grow at a CAGR of 15.8% during the forecast period (2024-2031). Globally, the solar-grade polysilicon market is growing significantly due to the growing demand for solar photovoltaic installations. According to the data from the International Energy Agency (IEA), solar PV generation increased by 270.0 terawatt-hour (TWh) (up 26.0%) in 2022, reaching almost 1,300.0?TWh from 251.0 TWH in 2015. Among the countries, China is leading the overall market with around 85.0% of global polysilicon production capacity in 2022. In 2022, global solar PV manufacturing capacity increased by over 70.0% to reach 450.0 GW for polysilicon and up to 640.0 GW for modules, with China accounting for more than 95.0% of new facilities throughout the supply chain.
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The global solar-grade polysilicon market is further segmented based on geography including North America (the US, and copyright), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America).
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Solar Grade Polysilicon Market Report Segment
By Type
- Granular Polysilicon
- Polysilicon Rod
- Polysilicon Chunk
- Others (Polysilicon Chip and Polysilicon Fines)
By Application
- Monocrystalline Ingot/Wafer and Cells
- Multi Crystalline Ingot/Wafer and Cells
- Novel Wafer Applications
Global Solar Grade Polysilicon Market Report Segment by Region
North America
- United States
- copyright
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global solar grade polysilicon market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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