Polysilicon Market Size, Share, and Trends 2024 to 2034

The global polysilicon market size is calculated at USD 14.49 billion in 2025 and is forecasted to reach around USD 41.87 billion by 2034, accelerating at a CAGR of 12.49% from 2025 to 2034. The Asia Pacific polysilicon market size surpassed USD 9.27 billion in 2025 and is expanding at a CAGR of 12.57% during the forecast period. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.

  • Last Updated : February 2025
  • Report Code : 3799
  • Category : Chemical and Material

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology (Premium Insights)

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Polysilicon Market 

5.1. COVID-19 Landscape: Polysilicon Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Polysilicon Market, By Application

8.1. Polysilicon Market Revenue and Volume, by Application

8.1.1. Solar PV

8.1.1.1. Market Revenue and Volume Forecast

8.1.2. Monocrystalline Solar Panel

8.1.2.1. Market Revenue and Volume Forecast

8.1.3. Multicrystalline Solar Panel

8.1.3.1. Market Revenue and Volume Forecast

8.1.4. Electronics (Semiconductor)

8.1.4.1. Market Revenue and Volume Forecast

Chapter 9. Global Polysilicon Market, Regional Estimates and Trend Forecast

9.1. North America

9.1.1. Market Revenue and Volume Forecast, by Application

9.1.2. U.S.

9.1.2.1. Market Revenue and Volume Forecast, by Application

9.1.3. Rest of North America

9.1.3.1. Market Revenue and Volume Forecast, by Application

9.2. Europe

9.2.1. Market Revenue and Volume Forecast, by Application

9.2.2. UK

9.2.2.1. Market Revenue and Volume Forecast, by Application

9.2.3. Germany

9.2.3.1. Market Revenue and Volume Forecast, by Application

9.2.4. France

9.2.4.1. Market Revenue and Volume Forecast, by Application

9.2.5. Rest of Europe

9.2.5.1. Market Revenue and Volume Forecast, by Application

9.3. APAC

9.3.1. Market Revenue and Volume Forecast, by Application

9.3.2. India

9.3.2.1. Market Revenue and Volume Forecast, by Application

9.3.3. China

9.3.3.1. Market Revenue and Volume Forecast, by Application

9.3.4. Japan

9.3.4.1. Market Revenue and Volume Forecast, by Application

9.3.5. Rest of APAC

9.3.5.1. Market Revenue and Volume Forecast, by Application

9.4. MEA

9.4.1. Market Revenue and Volume Forecast, by Application

9.4.2. GCC

9.4.2.1. Market Revenue and Volume Forecast, by Application

9.4.3. North Africa

9.4.3.1. Market Revenue and Volume Forecast, by Application

9.4.4. South Africa

9.4.4.1. Market Revenue and Volume Forecast, by Application

9.4.5. Rest of MEA

9.4.5.1. Market Revenue and Volume Forecast, by Application

9.5. Latin America

9.5.1. Market Revenue and Volume Forecast, by Application

9.5.2. Brazil

9.5.2.1. Market Revenue and Volume Forecast, by Application

9.5.3. Rest of LATAM

9.5.3.1. Market Revenue and Volume Forecast, by Application

Chapter 10. Company Profiles

10.1. Qatar Solar Technologies

10.1.1. Company Overview

10.1.2. Product Offerings

10.1.3. Financial Performance

10.1.4. Recent Initiatives

10.2. OCI COMPANY Ltd.

10.2.1. Company Overview

10.2.2. Product Offerings

10.2.3. Financial Performance

10.2.4. Recent Initiatives

10.3. DAQO NEW ENERGY CO., LTD.

10.3.1. Company Overview

10.3.2. Product Offerings

10.3.3. Financial Performance

10.3.4. Recent Initiatives

10.4. REC Silicon ASA

10.4.1. Company Overview

10.4.2. Product Offerings

10.4.3. Financial Performance

10.4.4. Recent Initiatives

10.5. Tongwei Group Co., Ltd

10.5.1. Company Overview

10.5.2. Product Offerings

10.5.3. Financial Performance

10.5.4. Recent Initiatives

10.6. Tokuyama Corporation

10.6.1. Company Overview

10.6.2. Product Offerings

10.6.3. Financial Performance

10.6.4. Recent Initiatives

10.7. Wacker Chemie AG

10.7.1. Company Overview

10.7.2. Product Offerings

10.7.3. Financial Performance

10.7.4. Recent Initiatives

10.8. Xinte Energy Co., Ltd

10.8.1. Company Overview

10.8.2. Product Offerings

10.8.3. Financial Performance

10.8.4. Recent Initiatives

10.9. High-Purity Silicon America Corporation

10.9.1. Company Overview

10.9.2. Product Offerings

10.9.3. Financial Performance

10.9.4. Recent Initiatives

10.10. GCL-TECH

10.10.1. Company Overview

10.10.2. Product Offerings

10.10.3. Financial Performance

10.10.4. Recent Initiatives

Chapter 11. Research Methodology

11.1. Primary Research

11.2. Secondary Research

11.3. Assumptions

Chapter 12. Appendix

12.1. About Us

12.2. Glossary of Terms

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Frequently Asked Questions

The global polysilicon market size is expected to increase USD 41.87 billion by 2034 from USD 12.90 billion in 2024.

The global polysilicon market will register growth rate of 12.49% between 2025 and 2034.

The major players operating in the polysilicon market are Qatar Solar Technologies, OCI COMPANY Ltd., DAQO NEW ENERGY CO., LTD., REC Silicon ASA, Tongwei Group Co., Ltd, Tokuyama Corporation, Wacker Chemie AG, Xinte Energy Co., Ltd, High-Purity Silicon America Corporation, GCL-TECH, and Others.

The driving factors of the polysilicon market are the increased adoption of microgrids and growing along with the market for solar energy.

Asia Pacific region will lead the global polysilicon market during the forecast period 2025 to 2034.

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