Silicon is the second most abundant element found on the Earth. Polysilicon is a pure, stable, and crystalline form of silicon. It also called polycrystalline silicone and poly-Si. It offers properties similar to semiconductors. Polysilicon is employed in solar photovoltaic cells (PV) and electronics industries. It differs from monocrystalline silicon and amorphous silicon in terms of silicon structure. Monocrystalline polysilicon is used in microelectronic devices and is more efficient than polysilicon. The cost of polysilicon is low compared to that of single crystal or monocrystalline silicon. Polysilicon consists of numerous small silicon crystals of larger than 1 mm size. Polysilicon is produced in ingot and wafer forms. More than 350,000 tons of polysilicon is manufactured across the globe every year.

The polysilicon market can be segmented in terms of manufacturing technology, structural form, physical properties, application, and region. Polysilicon is manufactured through different processes, namely Siemens process, fluidized bed reactor, and upgraded metallurgical grade (UMG). Siemens process produces the highest quality of polysilicon material by distillation at high temperature. It is employed in solar cells and electronics applications. The process accounts for almost 90% of the global polysilicon production. Polysilicon produced in fluidized bed reactors is utilized in solar photovoltaic applications. Upgraded metallurgical grade is employed in electronics materials. Polysilicon is manufactured in the form of chunks, chips, granules, and rods. The structure depends upon the end-use application. Generally, polysilicon rods are broken down to form chunks. Physical properties of polysilicon such as resistivity and mobility depend upon the grain size of crystals. This can vary with different manufacturing processes. As the grain size of polysilicon crystals increases, the efficiency of solar cells rises.

Polysilicon is employed in electronics and solar PV cells. The electronics industry can be further sub-divided into end-use application. Polysilicon is used in integrated circuits, electronics gates (MOSFETs and CMOS), resistors, and conductors and, as an ohmic contact for shallow junctions. Electronics industry needs pure forms of polysilicon compared to the solar cell industry. Up to 99.999% pure polysilicon is also used in the electronics industry. Solar photovoltaic cells are utilized in power grids, solar accent lighting and small scale applications such as pocket calculator. To produce 1 megawatt of solar modules, around 5 tons of polysilicon is required. Based on region, the polysilicon market can be divided into Latin America, North America, Middle East & Africa, Europe, and Asia Pacific.

Prices of polysilicon have declined significantly over the last few years.  However, the polysilicon market is likely to expand due to the rise in demand for photovoltaic applications and growth in the electronics industry. Investments, expansions, and long term contracts of companies are driving the polysilicon market. Research and developmental activities are estimated to reduce the cost of polysilicon; but laboratory inventions in chemistry can compete the polysilicon market. Rising usage of renewable energy sources encourage solar photovoltaic cell production; but the production of polysilicon is not environment friendly. China accounts for major share of the market, led by the large manufacturing capacity in the country. It is followed by the U.S. The polysilicon market in South Korea, Japan, Germany, and Norway is expected to expand at a rapid pace in the near future. The polysilicon market is likely to expand in India due to ‘Make in India’ policy. Demand for polysilicon is estimated to rise in Asia Pacific and Europe during the forecast period.

Major players operating in the global polysilicon market include Wacker chemie AG, OCI Company Ltd., Mitsubishi Electric Corporation, SunEdison Inc. and Dago new energy corporation.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Polysilicon Market

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