U.S. Polysilicon Market Size & Outlook, 2023-2030
U.S. polysilicon market, 2018-2030 (US$M)
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U.S. polysilicon market highlights
- The U.S. polysilicon market generated a revenue of USD 5,241.5 million in 2023 and is expected to reach USD 13,553.7 million by 2030.
- The U.S. market is expected to grow at a CAGR of 14.5% 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 5,241.5 million |
| Market revenue in 2030 | USD 13,553.7 million |
| Growth rate | 14.5% (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, U.S. accounted for 13.8% of the global polysilicon market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. polysilicon market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 13,553.7 million by 2030.
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Polysilicon Market Scope
Polysilicon Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. 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 77.24% in 2023. Horizon Databook has segmented the U.S. polysilicon market based on solar pv, electronics (semiconductors) covering the revenue growth of each sub-segment from 2018 to 2030.
The demand for polysilicon in the U.S. is mainly due to its use for manufacturing solar photovoltaic (PV) and semiconductors. The country’s commitment to clean energy sources has stimulated the demand for solar cells and modules, which had a positive impact on the market across the country.
The consistent reliance of the semiconductor industry on high-quality polysilicon for producing semiconductor wafers essential for manufacturing advanced electronic devices, such as smartphones and computers, has created lucrative growth opportunities for the market.
According to the U.S. Department of Energy (DOE), the U.S. imported 12.2 GWdc of PV modules in Q1 of 2023 and the import increased by 17% compared to the previous quarter.
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Target buyers of U.S. 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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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. polysilicon market , including forecasts for subscribers. This country databook contains high-level insights into U.S. polysilicon market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. polysilicon market size, by application, 2018-2030 (US$M)
U.S. Polysilicon Market Outlook Share, 2023 & 2030 (US$M)
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