Global Polysilicon Market 2015-2019 with GCL-Poly Energy, Hemlock Semiconductor, OCI & Wacker Chemie Dominating

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Feb 17, 2015, 09:40 ET

DUBLIN, Feb .17, 2015 /PRNewswire/ --Research and Markets

(http://www.researchandmarkets.com/research/wvjgh7/global) has announced the addition of the "Global Polysilicon Market 2015-2019" report to their offering.

The Global Polysilicon market to grow at a CAGR of 17.2% over the period 2014-2019

Polysilicon is the purest form of silicon and the second most abundant element available in nature. It is used as a feedstock material in most solar energy applications. The processing of polysilicon is the initial step in the manufacture of silicon-based solar PV equipment. Apart from its usage in the PV industry, polysilicon is also extensively used in the Semiconductor industry for the manufacture of electronic-grade semiconductor products. Currently, the major part of the revenue of the Global Polysilicon market is generated from the PV industry.

One key trend upcoming in this market is the decrease in the cost of production of polysilicon. The cost of polysilicon has been declining over a period because of oversupply and an increase in competition in the market.

According to the report, one of the major drivers in this market is the growth in new PV installations, attributed to the increased consumption of solar energy worldwide. The increased consumption of solar energy worldwide has a positive influence on the demand for polysilicon, which is expected to continue during the remaining years of the forecast period of 2014-2019.

Further, the report states that one of the major challenges in this market is the fluctuating per kg prices of polysilicon. The oversupply of polysilicon in the market has had a negative impact but has been countered by the magnitude of the increase in demand for solar PV, resulting in uncertainty in the Polysilicon market.

Covered in this Report

The Global Polysilicon market can be segmented into three divisions by purity grade: Electronic Grade, Medium Grade, and Upgraded Metallurgical Grade.
The market is divided into two segments by end-user types: PV Industry and Semi-conductor Industry.

Key Vendors