Market Revenue Polysilicon Industry Trend Analysis, Variables

Polysilicon Industry Trend Analysis, Variables, Competitive
Landscape Forecast 2014-2025
“Polysilicon Market size was estimated at USD 5.49 billion in 2015 and is
expected to reach USD 13.56 billion by 2025, with a CAGR of 10.2%. Polysilicon,
known as poly-Si or polycrystalline, is considered to be one of the purest form
of silicon material.”
The global Polysilicon Market size was estimated at USD 5.49 billion in 2015 and is expected to reach USD 13.56
billion by 2025, with a CAGR of 10.2%. Polysilicon, known as poly-Si or polycrystalline, is considered to be one
of the purest form of silicon material, the second most abundant element available in nature. It consists of
silicon crystals that differ from single-crystal silicon, which can be used for electronics and solar cells, it is used
as feedstock material in most of the solar power energy applications. Polysilicon also referred to as
polycrystalline silicon is a pure form of silicon and is the earth’s most abundantly found element.
The key factors driving the market growth of the polysilicon industry are solar cells, emerging economies, and
semiconductor market. Major markets of polysilicon are semiconductor industry and solar industry.
Semiconductor industry polysilicon is transformed into silicon crystalline substance that results in electric device
such as integrated circuits which forms the key module for electronic products. Multi or mono crystalline silicon
substrates are used for making power cells constituting of polysilicon substrate as the key component.
Increasing demand for semiconductors and solar PV (photo voltaic) production is expected to drive the market
growth for polysilicon manufacturers. They are extensively used in production of silicon solar cells. These Solar
PV cells utilize and absorb sunlight to convert it into power or electricity and hence they are used as power
generation resources. The solar energy demand is increasing owing to the environmental benefits and cost
effectiveness that it provides to the end users.
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