South Korea Polysilicon Market Size & Outlook, 2023-2030
South Korea polysilicon market, 2018-2030 (US$M)
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South Korea polysilicon market highlights
- The South Korea polysilicon market generated a revenue of USD 3,100.7 million in 2023 and is expected to reach USD 8,793.0 million by 2030.
- The South Korea market is expected to grow at a CAGR of 16.1% 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 3,100.7 million |
| Market revenue in 2030 | USD 8,793.0 million |
| Growth rate | 16.1% (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, South Korea accounted for 8.2% of the global polysilicon market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China polysilicon market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 26,129.4 million by 2030.
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Polysilicon Market Scope
Polysilicon Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea 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 80.48% in 2023. Horizon Databook has segmented the South Korea polysilicon market based on solar pv, electronics (semiconductors) covering the revenue growth of each sub-segment from 2018 to 2030.
South Korea's polysilicon market has an intrinsic connection to the country's combined emphasis on technological innovation and sustainability. South Korea has a prominent semiconductor manufacturing industry, with companies like Samsung Electronics and SK Hynix leading the way.
These industry giants heavily rely on polysilicon, a critical raw material for producing advanced microchips and semiconductor devices. Polysilicon's exceptional purity and electrical properties are vital for manufacturing cutting-edge semiconductor components that power a wide range of electronic devices, from smartphones to automotive systems.
The country's massive chip manufacturing facility project in the greater Seoul area is backed by a staggering USD 230 billion investment from Samsung Electronics, a dominant player in the memory chip industry.
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Target buyers of South Korea 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 South Korea polysilicon market , including forecasts for subscribers. This country databook contains high-level insights into South Korea polysilicon market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea polysilicon market size, by application, 2018-2030 (US$M)
South Korea Polysilicon Market Outlook Share, 2023 & 2030 (US$M)
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