Market Overview:
The global multicrystalline silicon market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for multicrystalline silicon in solar photovoltaic and electronics industry applications. Multicrystalline silicon is a type of polycrystalline silicon, which is made up of many small crystals that are grown together. Some key players operating in the global multicrystalline silicon market are REC Silicon ASA (Norway), Wacker Chemie AG (Germany), Hemlock Semiconductor Corporation (U.S.), Shin-Etsu Chemical Co., Ltd. (Japan), Daqo New Energy Corp.
Product Definition:
Multicrystalline silicon is a type of silicon that is composed of multiple, small crystals. It is typically made by depositing thin films of silicon onto a substrate and then etching away the excess material. Multicrystalline solar cells are more efficient than amorphous solar cells, and they are less expensive to manufacture.
Rod Silicon:
Rod silicon is also known as single-crystal or multicrystalline silicon. It is a form of commercially pure, high-purity crystalline silicon that has been processed to remove the majority of its surrounding material. The product has an appearance similar to that of a raw diamond and can be used in applications where aesthetic appearance is not important.
The production process for rod Silicon involves the use of special equipment which removes most of the gas.
Granular Silicon:
Granular silicon is a special type of silicon that has large crystals and is free from defects. It also has an excellent surface finish which makes it suitable for use in the production of multicrystalline Silicon (MSC). MSC is widely used in solar photovoltaic modules, thin-film transistors, and integrated circuits. Granular silicon helps to improve the yield of MSC by increasing its purity level thereby reducing manufacturing costs.
Application Insights:
The solar photovoltaic application segment led the global market and accounted for more than 44% of the total revenue share in 2017. The product is widely used in the manufacture of solar cells and panels. The rapid growth of this sector is projected to fuel demand over the coming years.
Electronics industry also holds promising growth prospects due to rising demand from various end-use industries including telecommunication, consumer electronics, medical equipment and automotive electronics among others. Rapidly expanding manufacturing sectors across emerging economies such as China India Japan South Korea are expected to drive electronic devices which will further propel product consumption over the forecast period.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to rapid industrialization and increasing foreign investments in the region. In 2016, China emerged as the largest producer of multicrystalline silicon on account of low labor cost and high availability of raw materials coupled with large-scale production facilities located in that country.
In addition, favorable government policies such as “Make in India†initiative by Indian government are expected to create ample growth opportunities for key industry participants over next eight years which will drive electronics manufacturing sector thereby driving product demand over forecast period.
North America was estimated as the second-largest market for global multicrystalline silicon after Asia Pacific based on volume consumed followed by Europe due to presence major application sectors including solar PV, electronics and automotive across U.S.
Growth Factors:
- Increasing demand for solar energy: The global market for solar energy is expected to grow at a CAGR of more than 12% from 2016 to 2020. This is primarily due to the increasing awareness about the benefits of solar energy and its growing adoption as a source of renewable energy. Multicrystalline silicon is one of the most commonly used materials in photovoltaic (PV) cells, which are used in solar panels. Thus, the increasing demand for solar panels will lead to an increase in demand for multicrystalline silicon.
- Rising investment in renewable energy: Governments and private investors are increasingly allocating funds towards renewable sources of energy such as solar and wind power, due to their environmental benefits over traditional sources such as coal-fired power plants. For instance, according to Bloomberg New Energy Finance (BNEF), global investment in renewables was 6 billion in 2015, up from 8 billion in 2014. This rising investment will spur growth prospects for the multicrystalline silicon market during the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Multicrystalline Silicon Market Research Report
By Type
Rod Silicon, Granular Silicon
By Application
Solar Photovoltaic, Electronics Industry
By Companies
Wacker, Zhongneng Polysilicon Technology, Hemlock, Sichuan Yongxiang Poly-Silicon, OCI Company Ltd., Xinte Energy Stock, Renewable Energy Corporation, LDK, Tokuyama, China Silicon Corporation, East Hope Group, Daqo New Energy, DunAn Photovoltaic Science and Technology
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Multicrystalline Silicon Market Report Segments:
The global Multicrystalline Silicon market is segmented on the basis of:
Types
Rod Silicon, Granular Silicon
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Solar Photovoltaic, Electronics Industry
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Wacker
- Zhongneng Polysilicon Technology
- Hemlock
- Sichuan Yongxiang Poly-Silicon
- OCI Company Ltd.
- Xinte Energy Stock
- Renewable Energy Corporation
- LDK
- Tokuyama
- China Silicon Corporation
- East Hope Group
- Daqo New Energy
- DunAn Photovoltaic Science and Technology
Highlights of The Multicrystalline Silicon Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Rod Silicon
- Granular Silicon
- By Application:
- Solar Photovoltaic
- Electronics Industry
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Multicrystalline Silicon Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Multicrystalline silicon is a type of semiconductor that has been processed into small, uniform pieces. This makes it ideal for use in computer chips and other electronic devices.
Some of the key players operating in the multicrystalline silicon market are Wacker, Zhongneng Polysilicon Technology, Hemlock, Sichuan Yongxiang Poly-Silicon, OCI Company Ltd., Xinte Energy Stock, Renewable Energy Corporation, LDK, Tokuyama, China Silicon Corporation, East Hope Group, Daqo New Energy, DunAn Photovoltaic Science and Technology.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Multicrystalline Silicon Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Multicrystalline Silicon Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Multicrystalline Silicon Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Multicrystalline Silicon Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Multicrystalline Silicon Market Size & Forecast, 2018-2028
4.5.1 Multicrystalline Silicon Market Size and Y-o-Y Growth
4.5.2 Multicrystalline Silicon Market Absolute $ Opportunity
Chapter 5 Global Multicrystalline Silicon Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Multicrystalline Silicon Market Size Forecast by Type
5.2.1 Rod Silicon
5.2.2 Granular Silicon
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Multicrystalline Silicon Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Multicrystalline Silicon Market Size Forecast by Applications
6.2.1 Solar Photovoltaic
6.2.2 Electronics Industry
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Multicrystalline Silicon Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Multicrystalline Silicon Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Multicrystalline Silicon Analysis and Forecast
9.1 Introduction
9.2 North America Multicrystalline Silicon Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Multicrystalline Silicon Market Size Forecast by Type
9.6.1 Rod Silicon
9.6.2 Granular Silicon
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Multicrystalline Silicon Market Size Forecast by Applications
9.10.1 Solar Photovoltaic
9.10.2 Electronics Industry
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Multicrystalline Silicon Analysis and Forecast
10.1 Introduction
10.2 Europe Multicrystalline Silicon Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Multicrystalline Silicon Market Size Forecast by Type
10.6.1 Rod Silicon
10.6.2 Granular Silicon
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Multicrystalline Silicon Market Size Forecast by Applications
10.10.1 Solar Photovoltaic
10.10.2 Electronics Industry
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Multicrystalline Silicon Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Multicrystalline Silicon Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Multicrystalline Silicon Market Size Forecast by Type
11.6.1 Rod Silicon
11.6.2 Granular Silicon
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Multicrystalline Silicon Market Size Forecast by Applications
11.10.1 Solar Photovoltaic
11.10.2 Electronics Industry
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Multicrystalline Silicon Analysis and Forecast
12.1 Introduction
12.2 Latin America Multicrystalline Silicon Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Multicrystalline Silicon Market Size Forecast by Type
12.6.1 Rod Silicon
12.6.2 Granular Silicon
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Multicrystalline Silicon Market Size Forecast by Applications
12.10.1 Solar Photovoltaic
12.10.2 Electronics Industry
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Multicrystalline Silicon Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Multicrystalline Silicon Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Multicrystalline Silicon Market Size Forecast by Type
13.6.1 Rod Silicon
13.6.2 Granular Silicon
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Multicrystalline Silicon Market Size Forecast by Applications
13.10.1 Solar Photovoltaic
13.10.2 Electronics Industry
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Multicrystalline Silicon Market: Competitive Dashboard
14.2 Global Multicrystalline Silicon Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Wacker
14.3.2 Zhongneng Polysilicon Technology
14.3.3 Hemlock
14.3.4 Sichuan Yongxiang Poly-Silicon
14.3.5 OCI Company Ltd.
14.3.6 Xinte Energy Stock
14.3.7 Renewable Energy Corporation
14.3.8 LDK
14.3.9 Tokuyama
14.3.10 China Silicon Corporation
14.3.11 East Hope Group
14.3.12 Daqo New Energy
14.3.13 DunAn Photovoltaic Science and Technology
