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Polycrystalline Silicon Market Trends Marcus Foligno Jersey Womens , Overview and Market Consumption Forecast to 2025
by millionmarket · January 2, 2019
02th January 2019: Polycrystalline silicon is also known as 鈥減olysilicon鈥?or 鈥減oly-Si鈥? Basically, it is a high purity, polycrystalline form of silicon used as a raw data by the solar photovoltaic and electronics industry. It is manufactured from metallurgical grade silicon with a help of a chemical purification process called as 鈥淪iemens process鈥? The procedure involves distillation of volatile silicon compounds, and further they are being decomposed into silicon at high temperatures.
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The reason behind the worldwide growth of solar PV installation is the increase in consumers鈥?awareness and government initiatives for sustainable energy. China, Japan, and U.S. together make up two thirds of the global solar PV market. Polysilicon is considered to be the building block of more than 90% of the photovoltaic solar panels globally. As a result Jason Zucker Jersey Womens , the growth of the solar PV industry is driving the demand for polysilicon market share. Besides, polysilicon is utilized for manufacturing electronic chips as a chief raw material.
Thus, the growing demand for semiconductors in data processing and communication devices like tablets and smartphones is, in turn, increasing the demand for polysilicon. So, it clearly suggests that the polysilicon market is driven by the escalating growth of its major end-use industries, which include solar PV and electronics. The factors that discourages the market share is the huge capital expenditure that is required for establishing polysilicon production plants and that gives rise to high entry barriers for the smaller participants. In China Joel Eriksson Ek Jersey Womens , the declining prices and anti-dumping policies are the major challenges that the polysilicon manufacturers have to face.
Thorough studies and research are being conducted to bring out the major chunk of information linked to the particular market such as the major factors including drivers, restraints, opportunities, and industry-specific challenges that influence the growth of the market globally. The studies have also projected the market size of polysilicon both in terms of volume as well as value. Various market segments are being analyzed with respect to individual growth trends, growth prospects, and contribution to the total market. The studies are involving both – the top-down and bottom-up approaches for the estimation and validation of the size of the global polysilicon market. Not only that, it also estimates the size of several other submarkets that are dependent on it. The key players include GCL-Poly Energy Holdings Limited Zach Parise Jersey Womens , JFE Holdings, Inc., Nitol Solar, Limited, Renewable Energy Corporation, SunEdison Inc., REC Silicon ASA Mikko Koivu Jersey Womens , Tokuyama Corporation, OCI Company Limited, Daqo New Energy Corp., SunEdison Inc., Elkem Holding, Inc., Wacker Chemie AG Mats Zuccarello Jersey Womens , and Hemlock Semiconductor Corporation.
The Key Target Audience includes Silicon manufacturers, Equipment manufacturers, Solar PV manufacturers, Regional manufacturers鈥?associations and general polysilicon associations, Investment research firms, Manufacturers of polysilicon material, Traders Eric Staal Jersey Womens , distributors, and suppliers of polysilicon, Semiconductor chip manufacturers, and Government, regional agencies and research organizations. Based on Form, the market share spans Chunks, Rods Brad Hunt Jersey Authentic , and Granules. Based on End-Use Industry, the market share spans Electronics and Solar PV. Based on Region, the market share spans Asia Pacific, Europe, North America, and Middle East, Africa and South America.
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