China Polysilicon Market Size & Outlook, 2023-2030
China polysilicon market, 2018-2030 (US$M)
Related Markets
China polysilicon market highlights
- The China polysilicon market generated a revenue of USD 8,374.2 million in 2023 and is expected to reach USD 26,129.4 million by 2030.
- The China market is expected to grow at a CAGR of 17.7% 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 8,374.2 million |
| Market revenue in 2030 | USD 26,129.4 million |
| Growth rate | 17.7% (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, China accounted for 22.1% of the global polysilicon market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China polysilicon market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 26,129.4 million by 2030.
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Polysilicon Market Scope
Polysilicon Market Companies
| Name | Profile | # Employees | HQ | Website |
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China 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 77.24% in 2023. Horizon Databook has segmented the China polysilicon market based on solar pv, electronics (semiconductors) covering the revenue growth of each sub-segment from 2018 to 2030.
The polysilicon market in China has experienced remarkable growth in recent years, closely tied to the country's substantial investments in the solar PV industry. As per the National Energy Administration (NEA), China continues to be a global leader in photovoltaic (PV) capacity expansion, with 61.2 GW of newly added PV capacity in the first five months of 2023.
This growth is in line with China's commitment to scale up its renewable energy infrastructure and reduce its reliance on fossil fuels. Notably, the investment in solar power projects during the first five months of 2023 surged by 140.3% year-on-year, reflecting the government's strong support for the solar industry.
China's cumulative installed capacity of power generation reached about 2.67 billion kW, with solar power contributing around 450 million kW and showcasing a substantial 38.4% year-on-year growth.
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Target buyers of China 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 country-level data and insights on the China polysilicon market , including forecasts for subscribers. This country databook contains high-level insights into China polysilicon market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China polysilicon market size, by application, 2018-2030 (US$M)
China Polysilicon Market Outlook Share, 2023 & 2030 (US$M)
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