Solar polysilicon market accounted for the highest demand by 2021

The global polysilicon market is estimated to reach USD 8.90 Billion by 2021 at a CAGR of 13.00% from 2016 to 2021. The main objective of the study is to define, describe, and forecast the polysilicon market on the basis of form, end-use industry, and region. This report includes detailed information about the major factors (drivers, restraints, opportunities and industry specific challenges) influencing the growth of the market.

The report strategically analyzes the market segments with respect to individual growth trends, growth prospects, and contribution to the total market. The report includes an analysis of the polysilicon market by form (chunks, granules and rods), by end-use industry (solar PV and electronics) and by region (Asia-Pacific, Europe, North America and MEA & SA).

The market size of polysilicon is estimated, both in terms of volume and value. The base year considered for the study is 2015, while the forecast period is from 2016 to 2021. The polysilicon market is driven by the increasing growth of its major end-use industries, such as solar PV and electronics.

Both, the top-down and bottom-up approaches have been used to estimate and validate the size of the global polysilicon market and to estimate the size of various other dependent submarkets. Extensive secondary sources, directories, and databases such as Hoovers, Bloomberg, Chemical Weekly, Factiva, National Renewable Energy Laboratory (NREL), International Energy Agency (IEA), Securities And Exchange Commission (SEC), and other government and private websites are involved in order to identify and collect information useful for this technical, market-oriented, and commercial study of the global polysilicon market.

Report: MarketsandMarkets