Asia Pacific Polysilicon Market Size & Outlook, 2023-2030
Asia Pacific polysilicon market, 2018-2030 (US$M)
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Asia Pacific polysilicon market highlights
- The Asia Pacific polysilicon market generated a revenue of USD 22,648.9 million in 2023.
- The market is expected to grow at a CAGR of 17% from 2024 to 2030.
- In terms of segment, solar pv was the largest revenue generating application in 2023.
- Solar PV is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 22,648.9 million |
| Market revenue in 2030 | USD 68,048.1 million |
| Growth rate | 17% (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) |
| Key market players worldwide | OCI NV, REC Silicon ASA, Tokuyama Corp, Wacker Chemie AG, Daqo New Energy Corp ADR, GCL Technology Holdings Ltd, Tongwei Group, Xinte Energy, Qatar Solar Technologies, Hemlock Semiconductor Operations |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 59.7% of the global polysilicon market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 68,048.1 million by 2030.
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Polysilicon Market Scope
Polysilicon Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific 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 77.14% in 2023. Horizon Databook has segmented the Asia Pacific polysilicon market based on solar pv, electronics (semiconductors) covering the revenue growth of each sub-segment from 2018 to 2030.
The polysilicon market in Asia Pacific has experienced significant growth and transformation in recent years. Asia Pacific, particularly China, has emerged as a global powerhouse in the production and consumption of polysilicon, a crucial raw material in the manufacture of solar panels and semiconductors.
China's rapid industrialization and urbanization, coupled with its commitment to renewable energy and the expansion of its electronics industry, have driven the demand for polysilicon to unprecedented levels.
China's dominance in the polysilicon market is underscored by its massive production capacity, which has enabled it to not only meet domestic demand but also become a major exporter to other countries.
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Target buyers of Asia Pacific polysilicon market databook
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Our clientele includes a mix of polysilicon market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific polysilicon market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific polysilicon market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific polysilicon market size, by country, 2018-2030 (US$M)
Asia Pacific Polysilicon Market Outlook Share, 2023 & 2030 (US$M)
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