Saudi Arabia Polysilicon Market Size & Outlook, 2023-2030
Saudi Arabia polysilicon market, 2018-2030 (US$M)
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Saudi Arabia polysilicon market highlights
- The Saudi Arabia polysilicon market generated a revenue of USD 122.8 million in 2023 and is expected to reach USD 289.7 million by 2030.
- The Saudi Arabia 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.
Polysilicon market data book summary
| Market revenue in 2023 | USD 122.8 million |
| Market revenue in 2030 | USD 289.7 million |
| Growth rate | 13% (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, Saudi Arabia accounted for 0.3% of the global polysilicon market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa polysilicon market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 393.9 million by 2030.
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Polysilicon Market Scope
Polysilicon Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
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 75.24% in 2023. Horizon Databook has segmented the Saudi Arabia polysilicon market based on solar pv, electronics (semiconductors) covering the revenue growth of each sub-segment from 2018 to 2030.
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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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 Saudi Arabia polysilicon market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia polysilicon market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia polysilicon market size, by application, 2018-2030 (US$M)
Saudi Arabia Polysilicon Market Outlook Share, 2023 & 2030 (US$M)
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