(MENAFN- America News Hour) The ‘Polysilicon
Market ‘ research report added by Global Market Insights, LLC, delivers a
comprehensive analysis on the newest market drivers. The report also offers
extracts regarding statistics, market valuation and revenue estimates, which
further strengthens its status in the competitive spectrum and growth trends
embraced by leading manufacturers in the business.
Government of many countries has undertaken initiatives to increase the production of consumer electronics and reduce carbon footprints which has subsequently given a push to the market. Also, companies have adopted the forward integration strategies and entered into the sector of photovoltaic and semiconductor.
Request for a sample copy of this report @ https://www.gminsights.com/request-sample/detail/1265
In
the polysilicon market globally, solar PV is the fastest growing industry.
Demand for PV is increasing rapidly worldwide due to consumer awareness clubbed
with government incentives program. Also, the demand for PV is supported by
government policies implemented to reduce the emission of carbon dioxide in
countries such as Japan, China and the United States. These three countries
jointly account for more than half of the solar PV market round the world.
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.
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/1265
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.
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.
Key players in polysilicon market are:
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
Wacker
Chemie AG.
Global Market Insights, Inc.
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
MENAFN17012020007010068ID1099568123
-MENAFN17012020007010068ID1099568123-->
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.