Latin America Polysilicon Market Size & Outlook, 2023-2030
Latin America polysilicon market, 2018-2030 (US$M)
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Latin America polysilicon market highlights
- The Latin America polysilicon market generated a revenue of USD 1,256.4 million in 2023.
- The market is expected to grow at a CAGR of 13% 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, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 1,256.4 million |
| Market revenue in 2030 | USD 2,962.9 million |
| Growth rate | 13% (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, Latin America region accounted for 3.3% 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 |
|---|
Latin America 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 75.93% in 2023. Horizon Databook has segmented the Latin America polysilicon market based on solar pv, electronics (semiconductors) covering the revenue growth of each sub-segment from 2018 to 2030.
Countries such as Brazil, Argentina, Chile, Colombia, and Costa Rica are preferring renewable energy sources, such as solar energy. Hence, the demand for polysilicon is anticipated to increase for manufacturing solar panels and modules.
According to the International Renewable Energy Agency (IRENA), in 2022, solar PVs of 6 GW capacity were installed in Chile. Such developments are expected to drive the demand for polysilicon across the region.
Furthermore, according to the Energy Institute Statistical Review of World Energy (EISRWE), in 2022, Chile generated 14.52 TWh of electricity from solar energy. This positive outlook is anticipated to benefit the market across the region.
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Target buyers of Latin America 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 continent-level data and insights on the Latin America polysilicon market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America polysilicon market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America polysilicon market size, by country, 2018-2030 (US$M)
Latin America Polysilicon Market Outlook Share, 2023 & 2030 (US$M)
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