Middle East & Africa Polysilicon Market Size & Outlook
Middle East & Africa polysilicon market, 2018-2030 (US$M)
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MEA polysilicon market highlights
- The MEA polysilicon market generated a revenue of USD 462.1 million in 2023.
- The market is expected to grow at a CAGR of 12.7% 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.
- Country-wise, South Africa is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 462.1 million |
| Market revenue in 2030 | USD 1,069.0 million |
| Growth rate | 12.7% (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, MEA region accounted for 1.2% 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.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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Polysilicon Market Scope
Polysilicon Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa 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 75.22% in 2023. Horizon Databook has segmented the Middle East & Africa polysilicon market based on solar pv, electronics (semiconductors) covering the revenue growth of each sub-segment from 2018 to 2030.
The rising adoption of renewable energy sources, such as solar energy, and increasing demand for electronic devices are expected to propel the market growth across the region.
For instance, according to the Energy Institute Statistical Review of World Energy, in 2022, the Middle East and Africa generated 23.69 TWh and 18.18 TWh of electricity from solar energy, respectively.
Such growth is expected to aid the market growth in the region as polysilicon is used in the manufacturing of solar PVs.
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Target buyers of Middle East & Africa 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 Middle East & Africa polysilicon market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa polysilicon market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA polysilicon market size, by country, 2018-2030 (US$M)
Middle East & Africa Polysilicon Market Outlook Share, 2023 & 2030 (US$M)
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