Global Polysilicon Market Size & Outlook, 2023-2030
Global polysilicon market, 2018-2030 (US$M)
Related Markets
Global polysilicon market highlights
- The global polysilicon market generated a revenue of USD 37,918.9 million in 2023 and is expected to reach USD 106,232.0 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 15.9% by 2030.
- In terms of segment, solar pv accounted for a revenue of USD 29,137.3 million in 2023.
- Solar PV is the most lucrative application segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, Sweden is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 37,918.9 million |
| Market revenue in 2030 | USD 106,232.0 million |
| Growth rate | 15.9% (CAGR from 2023 to 2030) |
| Largest segment | Solar pv |
| Fastest growing segment | Solar PV |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solar PV, Electronics (Semiconductors) |
Other key industry trends
- In terms of revenue, the North America accounted for 18.4% of the global polysilicon market in 2023.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, Sweden is the fastest growing regional market and is projected to reach USD 206.1 million by 2030.
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Polysilicon Market Scope
Polysilicon Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global polysilicon market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to polysilicon market will help companies and investors design strategic landscapes.
Solar pv was the largest segment with a revenue share of 76.84% in 2023. Horizon Databook has segmented the Global polysilicon market based on solar pv, electronics (semiconductors) covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Polysilicon Application Outlook (Revenue, USD Million, 2018-2030)
- Solar PV
- Monocrystalline Solar Panel
- Multicrystalline Solar Panel
- Electronics (Semiconductors)
- Solar PV
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Our clientele includes a mix of polysilicon market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global polysilicon market , including forecasts for subscribers. This global databook contains high-level insights into Global polysilicon market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global polysilicon market size, by regions, 2018-2030 (US$M)
Top 10 countries: Polysilicon market size, 2023 (US$M)
Global polysilicon market share, by application, 2023 & 2030 (%, US$M)
Polysilicon market: Opportunity assessment by country
Global polysilicon market, by region, 2023 (US$M)
| Application | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 3,968.3 | 4,761.4 | 4,581.3 | 5,062.0 | 5,886.5 | 6,982.9 | 7,882.8 | 8,944.5 | 10,185.7 | 11,644.4 | 13,385.6 | 15,448.6 | 17,928.2 | 14.4% |
| Europe | 3,622.2 | 4,334.5 | 4,172.5 | 4,745.4 | 5,523.7 | 6,568.7 | 7,412.2 | 8,392.7 | 9,520.7 | 10,824.1 | 12,353.0 | 14,129.9 | 16,223.8 | 13.8% |
| Asia Pacific | 14,539.2 | 18,724.3 | 17,802.5 | 20,201.2 | 21,851.8 | 22,648.9 | 26,343.1 | 30,720.8 | 35,865.4 | 41,931.3 | 49,174.2 | 57,757.2 | 68,048.1 | 17.0% |
| Latin America | 680.4 | 811.3 | 777.3 | 916.3 | 1,061.4 | 1,256.4 | 1,409.3 | 1,585.8 | 1,787.3 | 2,018.4 | 2,287.7 | 2,598.6 | 2,962.9 | 13.0% |
| MEA | 238.6 | 285.6 | 274.3 | 336.9 | 390.5 | 462.1 | 518.3 | 582.7 | 655.6 | 738.4 | 833.9 | 942.9 | 1,069.0 | 12.7% |
| Overall | 23,048.7 | 28,917.2 | 27,607.9 | 31,261.7 | 34,713.8 | 37,918.9 | 43,565.7 | 50,226.6 | 58,014.7 | 67,156.5 | 78,034.4 | 90,877.2 | 106,232.0 | 15.9% |
Related regional statistics
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