Global Polysilicon Market Size & Outlook, 2023-2030

The polysilicon industry worldwide is expected to reach a projected revenue of US$ 106,232.0 million by 2030. A compound annual growth rate of 15.9% is expected of the worldwide polysilicon industry from 2024 to 2030.
Revenue, 2023 (US$M)
$37,918.9
Forecast, 2030 (US$M)
$106,232.0
CAGR, 2024 - 2030
15.9%
Report Coverage
Worldwide

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 2023USD 37,918.9 million
Market revenue in 2030USD 106,232.0 million
Growth rate15.9% (CAGR from 2023 to 2030)
Largest segmentSolar pv
Fastest growing segmentSolar PV
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationSolar 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 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)

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Target buyers of Global polysilicon market databook

  • Our clientele includes a mix of polysilicon market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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)

Global polysilicon market size, by regions, 2018-2030 (US$M)

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