Brazil Polysilicon Market Size & Outlook, 2023-2030
Brazil polysilicon market, 2018-2030 (US$M)
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Brazil polysilicon market highlights
- The Brazil polysilicon market generated a revenue of USD 496.0 million in 2023 and is expected to reach USD 1,188.1 million by 2030.
- The Brazil market is expected to grow at a CAGR of 13.3% 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.
Polysilicon market data book summary
| Market revenue in 2023 | USD 496.0 million |
| Market revenue in 2030 | USD 1,188.1 million |
| Growth rate | 13.3% (CAGR from 2023 to 2030) |
| Largest segment | Solar pv |
| Fastest growing segment | Solar PV |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Brazil accounted for 1.3% of the global polysilicon market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil polysilicon market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 1,188.1 million by 2030.
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Polysilicon Market Scope
Polysilicon Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil 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 76.23% in 2023. Horizon Databook has segmented the Brazil polysilicon market based on solar pv, electronics (semiconductors) covering the revenue growth of each sub-segment from 2018 to 2030.
According to the Energy Institute Statistical Review of World Energy (EISRWE), in 2022, Brazil generated 26.5 terawatt-hours (TWh) of electricity from solar energy. This scenario underscores the growing importance of solar energy within the country's energy landscape.
Furthermore, the substantial increase in solar installations in Brazil presents promising avenues for the polysilicon industry. For instance, as per the data from the International Renewable Energy Agency (IRENA) for the same year, Brazil experienced the installation of solar photovoltaic (PV) systems with a total capacity of 24 gigawatts (GW).
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Target buyers of Brazil 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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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 country-level data and insights on the Brazil polysilicon market , including forecasts for subscribers. This country databook contains high-level insights into Brazil polysilicon market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil polysilicon market size, by application, 2018-2030 (US$M)
Brazil Polysilicon Market Outlook Share, 2023 & 2030 (US$M)
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