Saudi Arabia Polysilicon Market Size & Outlook, 2026-2033
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Saudi Arabia polysilicon market highlights
- The Saudi Arabia polysilicon market generated a revenue of USD 155.7 million in 2025 and is expected to reach USD 368.0 million by 2033.
- The Saudi Arabia market is expected to grow at a CAGR of 11.1% from 2026 to 2033.
- In terms of segment, solar pv was the largest revenue generating application in 2025.
- Solar PV is the most lucrative application segment registering the fastest growth during the forecast period.
Polysilicon market data book summary
| Market revenue in 2025 | USD 155.7 million |
| Market revenue in 2033 | USD 368.0 million |
| Growth rate | 11.1% (CAGR from 2026 to 2033) |
| Largest segment | Solar pv |
| Fastest growing segment | Solar PV |
| Historical data | 2021 - 2024 |
| Base year | 2025 |
| Forecast period | 2026 - 2033 |
| 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, Saudi Arabia accounted for 0.3% of the global polysilicon market in 2025.
- Country-wise, China is expected to lead the global market in terms of revenue in 2033.
- In Middle East & Africa, South Africa polysilicon market is projected to lead the regional market in terms of revenue in 2033.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 503.6 million by 2033.
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Polysilicon Market Scope
Polysilicon Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Hemlock Semiconductor Operations | View profile | 1001-5000 | Hemlock, Michigan, United States, North America | https://www.hscpoly.com/ |
| Qatar Solar Technologies | View profile | 251-500 | Doha, Ad Dawhah, Qatar, Asia | http://www.qstec.com/ |
| Xinte Energy | View profile | - | Ürümqi, Xinjiang, China, Asia | https://www.xinteenergy.com |
| Tongwei Group | View profile | 10001+ | Chengdu, Sichuan, China, Asia | http://en.tongwei.com/ |
| GCL Technology Holdings Ltd | View profile | 12446 | 1 Austin Road West, Unit 1703-1706, Level 17, International Commerce Centre, Hong Kong, Hong Kong | http://www.gcltech.com |
| Daqo New Energy Corp ADR | View profile | 5765 | No. 838 Zhangyang Road, Room C,29th Floor, Unit 29, Huadu Mansion, Pudong, Shanghai, China, People's Republic of, 200122 | https://www.dqsolar.com |
| Tokuyama Corp | View profile | 6358 | 7-5, Sotokanda 1-chome, Front Place Akihabara, Chiyoda-ku, Tokyo, Japan, 101-8618 | http://www.tokuyama.co.jp |
| REC Silicon ASA | View profile | 376 | Fornebuveien 84, PO Box 63, Lysaker, Norway, 1324 | https://www.recsilicon.com |
| OCI NV | View profile | 4141 | Honthorststraat 19, Amsterdam, NH, Netherlands, 1071 | https://oci-global.com |
| Wacker Chemie AG | View profile | 16378 | Hanns-Seidel-Platz 4, Munich, BY, Germany, 81737 | https://www.wacker.com |
Saudi Arabia 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 86.32% in 2025. Horizon Databook has segmented the Saudi Arabia polysilicon market based on solar pv, electronics (semiconductors) covering the revenue growth of each sub-segment from 2021 to 2033.
The increasing demand for electronic devices, such as laptops, smartphones, and computers is driving the demand for semiconductor wafers across the manufacturing industry of the country, which is subsequently escalating the demand for polysilicon.
This outlook leads to the import of semiconductor devices, for instance, according to the Observatory of Economic Complexity, in 2021, the country imported semiconductor devices of USD 44.5 million.
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Target buyers of Saudi Arabia 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 Saudi Arabia polysilicon market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia polysilicon market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
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Saudi Arabia polysilicon market size, by application, 2021-2033 (US$M)
Saudi Arabia Polysilicon Market Outlook Share, 2025 & 2033 (US$M)
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