According to the research report titled ‘Polysilicon Market Share, Size, Trends, Industry Analysis Report By Application, By Regions, Segments & Forecast, 2019 – 2026’, available with Market Study Report, global polysilicon market is predicted to account for USD 9.68 billion by the year 2026.
 

Increasing number of solar installations and widespread adoption of consumer electronics are some of the key factors driving the growth of global polysilicon market. For those unaware, polysilicon is a highly pure silicon and one of the key raw materials sued in photovoltaic and electrinos industries.
 

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The product is usually characterized on the basis of two grades namely, electronics and solar. The electronics grade polysilicon is utilized for producing microelectromechanical systems, power conversion devices, optics, and integrated circuits. The solar grade, on the other hand, is employed for photovoltaic cell production.
 

Polysilicon is widely adopted for producing PV wafers, which in turn is also stimulating the overall industry outlook. However, lack of advanced transmission lines, especially in Western China, could negatively impact global polysilicon industry dynamics.
 

Regardless, improving economic conditions, surging disposable income and growing demand for data storage devices, personal computers, and smartphones are adding traction to the overall market size.
 

Highlighting the geographical reach, Asia-Pacific polysilicon industry is reckoned to witness significant growth during the forecast period. China, being the largest producer of PV modules, along with rapid industrialization are favoring the regional market outlook. However, the advent of trade wars between United States and China could hamper the demand for polysilicon across the region.
 

The competitive landscape of global polysilicon market is defined by companies such as Activ solar Energietechnik GmbH, SunEdison Inc., Woongjin Polysilicon Co. Ltd., GCL-Poly Energy Holdings Ltd., Mitsubishi Materials Corporation, CSG Holdings Co. Ltd., Tokuyama Corporation, LDK Solar Company Ltd., Wacker Chemie AG, and REC Silicon among others.