The global market size of polysilicon is estimated to reach USD 8.90 Billion by 2021 at a CAGR of 13.0%. The market is primarily driven by the rapid growth of the key end-use industries, such as solar PV and electronics. However, the price decrease and anti-dumping policies hinder the growth of the global polysilicon market.

Browse 84 market data tables and 41 figures spread through 116 pages and in-depth TOC on “Polysilicon Market by End-use industry (Solar PV (Monocrystalline Solar Panel and Multicrystalline Solar Panel) and Electronics), and Region (Asia-Pacific, North America, Europe and Middle East & South America) - Global Forecast to 2021”

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The solar PV segment has been witnessing significant demand in recent years due to increasing awareness and the adoption of sustainable energy sources among consumers. Moreover, governments of various countries are offering several subsidies, tax exemptions to both, manufacturers and end-users of the solar PV market. Governments are focused on reducing emissions from power plants by switching to cleaner solar energy which is driving the growth of the solar PV market.

Polysilicon is used in end-use industries such as solar PV and electronics. In 2015, the solar PV sector accounted for the largest market share among the end-use industries, both in terms of volume and value. Moreover, this segment is expected to register the highest CAGR, during the forecast period.

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The growth of this segment is primarily attributed to the increasing demand for solar PV installation across the world, which in turn drives the consumption of polysilicon. Besides the end-use industry, the global polysilicon market is segmented into chunks, granules and rods, on the basis of forms.

The Asia-Pacific region is currently the largest market for polysilicon. Significant growth in solar PV and electronics industry in China, Japan and India are driving the demand for polysilicon in this region. North America is the second largest market for polysilicon, both, in terms of volume and value. The increasing number of solar photovoltaic installations in the U.S. and Canada drives polysilicon consumption in the North American market.

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The key players in the polysilicon market are GCL-Poly Energy Holdings Limited (Hong Kong), Wacker Chemie AG (Germany), OCI Company Ltd. (Korea), REC Silicon ASA (Norway), Daqo New Energy Corp. (China) Tokuyama Corporation (Japan), Hemlock Semiconductor Corp. (U.S.), SunEdison, Inc. (U.S.), Woongjin polysilicon Co. Ltd. (Korea), Activ Solar Gmbh (Austria) and others.