Polysilicon Market trends research and projections for 2019 - 2025

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Polysilicon Market Growth Outlook with Industry
Review and Forecast 2019-2025
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Global Market Scenario of Polysilicon Industry

• The polysilicon market is majorly driven by the
  growth of semiconductor and photovoltaic
  industries. Growing demand in the semiconductor
  industry further enhances the use of polysilicon
  in the market.
• Polysilicon is the major element for PV solar
  panels worldwide and therefore leading to a
  rising demand of the product. Moreover, it is
  also used as a chief raw material for the
  manufacturing of electronic chips. Hence, rising
  demand for communication devices and
  semiconductors in data processing such as
  smartphones and tablets are driving the
  polysilicon market.
• Also, due to the forthcoming clean energy
  projects in various countries, the photovoltaic
  segment is expected to witness exponential
  growth. The end user industries dominate this
  extremely application based market. In the solar
  cell applications, polysilicon is widely used as
  a feedstock.
• High capital expenditure requirements for the
  establishment of polysilicon production plants
  restricts small players into the market making it
  a high entry barrier. This in turn discourages
  the polysilicon market growth.
• Companies operating in the polysilicon market
  have faced various challenges such as oversupply,
  anti-dumping regulations, declining prices and
  plant shutdowns. However due to the significant
  growth, the polysilicon market is projected to
  witness more profitability, price stability and
  balanced demand supply scenario.

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• Regional Trends-
• Asia Pacific in 2015, had occupied a major chunk
  of share of the polysilicon market owing to high
  growth of the solar energy sector, high GDP
  growth rates, technological advancements and
  ever-increasing demand for consumer electronics.
  Some of the major producers of polysilicon are
  South Korea, Japan and China.
• North America also held significant share which
  is projected to grow at a high CAGR in the
  forecasted period. The Central South America is
  anticipated to grow at a phenomenal CAGR on
  account of major PV installation projects over
  the next few years in countries such as Honduras,
  Brazil and Chile.

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• Competitive Trends
• The major players operating in polysilicon market
  include Woongjin Polysilicon Co. Ltd., Active
  Solar Energietechnik GmbH, TBEA Co. Ltd, DAQO New
  Energy Corporation, SunEdison Inc., Hemlock
  Semiconductor Group, LDK Solar Co. Ltd., Tokuyama
  Corporation, Rec Silicon, OIC Chemical, GCL-Poly,
  and Wacker Chemie AG to name a few.

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