Europe Polysilicon Market Size & Outlook, 2023-2030
Europe polysilicon market, 2018-2030 (US$M)
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Europe polysilicon market highlights
- The Europe polysilicon market generated a revenue of USD 6,568.7 million in 2023.
- The market is expected to grow at a CAGR of 13.8% 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, Germany is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 6,568.7 million |
| Market revenue in 2030 | USD 16,223.8 million |
| Growth rate | 13.8% (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, Europe region accounted for 17.3% 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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Europe 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 75.87% in 2023. Horizon Databook has segmented the Europe polysilicon market based on solar pv, electronics (semiconductors) covering the revenue growth of each sub-segment from 2018 to 2030.
The polysilicon market in Europe has witnessed substantial growth and development from 2021 to 2023, largely due to the region's increasing emphasis on renewable energy sources. As Europe strives to achieve its sustainability and climate goals, the demand for polysilicon, a critical raw material in solar photovoltaic (PV) cells, is expected to gain prominence.
European countries have been actively investing in solar energy infrastructure, offering incentives for solar installations, and implementing supportive policies to promote the adoption of clean energy.
This funding injection, which represents a substantial increase in the budget for the commission's innovation fund, has major implications in the polysilicon industry.
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Target buyers of Europe 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 Europe polysilicon market , including forecasts for subscribers. This continent databook contains high-level insights into Europe polysilicon market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe polysilicon market size, by country, 2018-2030 (US$M)
Europe Polysilicon Market Outlook Share, 2023 & 2030 (US$M)
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