Global Polysilicon for Electronics Market Expected to Reach XX Million by 2025
According to a new report published by Reports Monitor titled, “Polysilicon for Electronics Market By Types & Applications: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the Polysilicon for Electronics Market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025. Asia Pacific is expected to dominate the Polysilicon for Electronics Market, both in terms of volume and value, and also to maintain this trend throughout the forecast period.
Polycrystallion silicon, also known as polysilicon or poly-Si, polysilicon is the purest form of silicon and the second most abundant element available in nature. It is used for electronics and solar cells, and from amorphous silicon, used for thin film devices and solar cells.
The fluidized bed reactor, Upgraded Metallurgical Grade and Siemens process are most common techniques used to produce polysilicon, but the decision of which production technique should be use, is depends on the end use application and scale of production. Siemens process produces the highest quality of polysilicon (9N-11N) that can be used in the semiconductor and solar industries. The fluidized bed reactor produces polysilicon with moderate quality and that can only be used in in solar but not in semiconductor sector.
Majority of polysilicon production get consumed by the semiconductor sector, in fact in numbers Siemens process shares around 90% of the global polysilicon manufacturing and near about 80% of it consumed by the semiconductor sector.
Electronic grade silicon is used in integrated circuits, very large scale integration and ultra-scale integration. Electronic sector required highest quality of polysilicon ranging from 9N-11N. Everything from PC, Mobiles to even satellites are getting smaller, faster, and cheaper. Each of these changes resulted by recent advancements in semiconductor technology. Technological advancements such as IoT, AR-VR are driving the growth for semiconductor technology so the polysilicon.
Asia Pacific is expected to be the largest market for polysilicon for electronics market owing to the rapid growth for electronics sector and technological advancement in countries like India, China, Japan, and South Korea. North America is expected to be the second largest market for polysilicon for electronics.
The global polysilicon for electronics market has been segmented majorly on the basis of Type (Grade I, Grade Ii & Grade Iii), and Application (Semiconductor, Optics & Others).
Key Question Answered:
• What will be the market size in 2025 and at what rate it will grow?
• What trends, barriers, challenges are influencing its growth?
• Who are the major key players in Global Polysilicon for Electronics Market and what are their strategies?
• Which vertical industry is expected to show major growth?
• What segment and region will lead the market and why?
The major companies profiled in the report include: Tokuyama, Hemlock Semiconductor, Mitsubishi Materials, OSAKA Titanium Technologies, OCI, WACKER Chemie AG, REC Silicon, GCL-Poly Energy, Huanghe Hydropower and Yichang CSG.
We at Garner Insights.com provide a comprehensive analysis by providing in-depth reports of the various market verticals. Our Mission is to provide a detailed analysis of the vast markets worldwide backed by rich data. Decision makers can now rely on our well-defined data gathering methods to get the correct and accurate market forecasting along with detailed analysis.