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The Polysilicon Market Dominated by Solar PV Industry Growing at 13% CAGR to HIT 8.90 Billion USD by 2021

The global polysilicon market is forecast to reach $8.90 billion by 2021 from $4.71 billion in 2015 at a CAGR of 13.0% during (2016-2021) driven by the rapid growth in key end-use industries such as solar PV & electronics and rising demand for solar PV in

PUNE, India, Oct. 19, 2016 /PRNewswire-iReach/ -- Solar PV industry: The fastest growing segment in the polysilicon market. The solar PV industry is the fastest growing end-use industry in the global polysilicon market. Increasing consumer awareness towards sustainability coupled with government incentive programs, fuels the demand for solar PV, globally. Moreover, the solar PV market demand is strengthened due to the policy of implementation of reduction in carbon dioxide emissions by the governments of U.S., China and Japan. Polysilicon is the initial building block to manufacture solar wafers, and, the growth of crystalline solar PV installations across the world drives the consumption of silicon wafers, which in turn drives the demand for polysilicon, globally. Complete report on "Global Polysilicon Market" spread across 116 pages, profiling 10 companies and supported with 84 tables and 41 figures is now available at http://www.rnrmarketresearch.com/polysilicon-market-by-end-use-industry-solar-pv-monocrystalline-solar-panel-and-multicrystalline-solar-panel-and-electronics-and-region-asia-pacific-north-america-europe-and-middle-east-south-america-gl-st-to-2021-market-report.html .

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Increasing consumer awareness coupled with government initiatives for sustainable energy is fueling the growth of solar PV installation across the world. China, Japan and U.S. collectively accounted for two thirds of the global solar PV market. Polysilicon is the building block for more than 90% of the photovoltaic solar panels globally, and therefore the growth of the solar PV industry is subsequently driving the demand for polysilicon.

Moreover, polysilicon also used as a key raw material to manufacture electronic chips. Hence, the increasing demand for semiconductors in data processing and communication devices, such as tablets and smartphones is driving the demand for polysilicon. However, the requirement of high capital expenditure for the establishment polysilicon production plants creates high entry barriers for the smaller players, which in turn discourages market growth. Moreover, declining prices and anti-dumping policies in China are the major challenges for polysilicon manufacturers.

Rising demand for solar PV installation in the emerging markets of the Asia-Pacific region is one of the major drivers of the polysilicon market. In 2015, the Asia-Pacific region accounted for the largest market share, and is estimated to remain the market leader during the forecast period, 2016 to 2021. High growth in both, the solar PV and electronics wafer manufacturing industries in China, Japan, India, and South Korea, is increasing the demand for polysilicon in both, the solar PV and semiconductor industries.

This research study is obliging for following audience:

  1. Silicon manufacturers
  2. Manufacturers of polysilicon material
  3. Equipment manufacturers
  4. Solar PV manufacturers
  5. Semiconductor chip manufacturers
  6. Traders, distributors, and suppliers of polysilicon
  7. Regional manufacturers' associations and general polysilicon associations
  8. Government and regional agencies and research organizations
  9. Investment research firms

The key companies profiled in this market research report are GCL-Poly Energy Holdings Limited (Hong Kong), Wacker Chemie AG (Germany), OCI Company Ltd. (Korea), REC Silicon ASA (Norway), Daqo New Energy Corp. (China) Tokuyama Corporation (Japan), Hemlock Semiconductor Corp. (U.S.), SunEdison, Inc. (U.S.), Woongjin polysilicon Co. Ltd. (Korea) and Activ Solar Gmbh (Austria). Make an Inquiry on "Polysilicon Market by End-use industry (Solar PV (Monocrystalline Solar Panel and Multicrystalline Solar Panel) and Electronics), and Region (Asia-Pacific, North America, Europe and Middle East & South America) - Global Forecast to 2021" research report at http://www.rnrmarketresearch.com/contacts/inquire-before-buying?rname=722695 .

The report provides detailed description of the application of polysilicon in different end-use industries, such as solar PV and electronics across the world. The solar PV industry is further segmented into monocrystalline and multicrystaline solar panels. The competitive environment prevailing in the industry is analyzed through Porter's Five Forces analytical framework. Porter's Five Forces Analysis provides an in-depth understanding of the market attractiveness and the impact of various forces on the global polysilicon market. Moreover, the report includes an in-depth analysis of the competitive landscape, value chain, cost structure and production of polysilicon. The key factors, such as drivers, restraints, opportunities and challenges have been identified and their impact on the global polysilicon market is analyzed in the study.

On a related note, another research titled Conductive Inks Market Global Trends and Forecasts to 2021 says, the market size of conductive inks is projected to reach USD 3.91 billion by 2021, at a CAGR of 3.5% between 2016 and 2021. Silver flakes to lead the conductive inks market during the forecast period. Asia-Pacific to remain the largest market during the forecast period. Companies such as DuPont (U.S.), Methode Electronics (U.S.), Heraeus (Germany), Henkel (Germany), Sun Chemical Corporation (U.S.), Applied Nanotech Holdings (U.S.), Taiyo Ink (Japan), and NovaCentrix (U.S.) have been profiled in this 173 pages research report available at http://www.rnrmarketresearch.com/conductive-inks-market-by-application-photovoltaic-membrane-switches-displays-and-automotive-type-silver-flake-dielectric-silver-nanoparticle-copper-flake-carbon-nanoparticle-and-carbon-graphene-global-ts-to-2021-market-report.html .

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