Lucintel anticipates that Asia Pacific will be the fastest growing region in the polysilicon market

   September 30, 2019
According to a market report by Lucintel, the future of the polysilicon market looks promising with opportunities in solar PV and electronics market. The polysilicon market is expected to grow with a CAGR of 13% from 2019 to 2024. The major growth drivers for this market are rapid growth in the solar PV market and the growing semiconductor industry.

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In this market, chunks, granules, and rods are the major Product form. Within the polysilicon market, solar PV and electronics are the major end use industries. Solar PV is the largest segment for polysilicon. Siemens process, FBR process, and upgraded metallurgical-grade silicon process are the major manufacturing technologies in the polysilicon market.

Asia Pacific will remain the largest market over the forecast period due to rapid urbanization and growth in end use industries, such as solar power generation and electronics.

Wacker Chemie AG, Hemlock Semiconductor, Mitsubishi Polycrystalline Silicon America Corporation, GCL-Poly Energy Holdings Limited, OCI Solar Power LLC, REC Silicon ASA, Daqo New Energy Corp., SunEdison Inc., Osaka Titanium Technologies Co. Ltd, Qatar Solar Technologies, and Tokuyama Corporation are among the major manufacturers of polysilicon.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the polysilicon market by product form, manufacturing technology, end use industry, and region. Lucintel has prepared a comprehensive research report entitled "Polysilicon Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategies, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the polysilicon market by product form, manufacturing technology, end use industry, and region as follows:

By Product Form [$M shipment analysis for 2013 – 2024]:

  • Chunks

  • Granules

  • Rods

By Manufacturing Technology [$M shipment analysis for 2013 – 2024]:

  • Siemens Process

  • FBR Process

  • Upgraded Metallurgical-Grade Silicon Process

By End Use Industry [$M shipment analysis for 2013 – 2024]:

  • Solar PV

  • Electronics

By Region [$M shipment analysis for 2013 – 2024]:

  • North America

  • Europe

  • Asia Pacific

  • ROW

This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link or

About Lucintel

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit

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