Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Multi Crystalline Silicon Market by Type (Solar Grade Polysilicon, Electronic Grade Polysilicon), By Application (Solar photovoltaics (PV) Industry, Semiconductor Industry) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Multi Crystalline Silicon Market by Type (Solar Grade Polysilicon, Electronic Grade Polysilicon), By Application (Solar photovoltaics (PV) Industry, Semiconductor Industry) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 145559 3300 Chemical & Material 377 244 Pages 4.8 (33)

Market Overview:

The global multi crystalline silicon market is expected to grow at a CAGR of xx% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for solar grade polysilicon and electronic grade polysilicon from the solar photovoltaics (PV) industry and semiconductor industry. In terms of volume, Asia Pacific is expected to lead the global multi crystalline silicon market during the forecast period.

Global Multi Crystalline Silicon Industry Outlook

Product Definition:

Multi crystalline silicon (MC) is a type of solar cell made from silicon crystals that are grown in a laboratory. The cells are usually square or rectangular, and have a higher efficiency than traditional solar cells. Multi crystalline silicon is used in both residential and commercial applications.

Solar Grade Polysilicon:

Solar grade polysilicon is a special type of polycrystalline silicon that has been processed to remove the majority of the iron and magnesium. It possesses high electrical characteristics such as high power output, efficiency, and heat tolerance which makes it suitable for use in various applications including photovoltaic cells. The growing demand for renewable energy resources owing to their environmental benefits coupled with rising concerns regarding energy conservation is expected to drive multi-crystalline silicon market over the forecast period.

Electronic Grade Polysilicon:

Multi Crystalline Silicon Market Size, Share & Trends Analysis Report By Application (Semiconductors, Solar PV), By Region (APAC, North America), And Segment Forecasts, 2020 - 2027 -> The global electronic grade polysilicon market size was valued at USD 5.0 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 6.5% from 2020 to 2027.

Application Insights:

The market is segmented by application into solar photovoltaics (PV) industry, semiconductor industry and others. The solar PV industry dominated the overall market in terms of revenue share in 2017. Factors such as increasing government support for renewable energy along with technological advancements are contributing to the growth of this segment.

Semiconductors are expected to be one of the fastest growing applications over the forecast period owing to increasing demand for electronic devices from various end-use industries including telecommunication and ITU Silicon Valley which has a high concentration of polycrystalline silicon manufacturers is anticipated to boost product demand from 2019 onward.

Regional Analysis:

Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The presence of key solar PV manufacturing companies, availability of raw materials, low labor cost and easy accessibility to capital are some major factors responsible for regional growth. China is estimated to remain a prominent consumer as well as producer owing to its large domestic market along with cheap labor costs.

The European region accounted for a share of more than 20% in terms of volume in 2017 on account poly-SICs growing demand across end-use industries such as electronics & semiconductors and automotive. The rising adoption rate solar energy coupled with favorable government policies aimed at reducing carbon footprint has led poly-SiC manufacturers operating within Europe region which includes Germany, France, Italy etc., thus driving industry growth over the next eight years.

Growth Factors:

  • Increasing demand for solar energy: The global demand for solar energy is increasing rapidly due to the growing awareness of the benefits of renewable energy sources and concerns about climate change. Multi crystalline silicon is a key component of solar panels and is expected to benefit from this growth.
  • Falling prices: The cost of producing multi crystalline silicon has been falling in recent years, making it more affordable for consumers and businesses to install solar panels. This trend is expected to continue, driving further growth in the market.
  • Government incentives: Governments around the world are offering incentives such as tax breaks and subsidies to promote the use of renewable energy sources like solar power, which will help drive demand for multi crystalline silicon products.
  • Technological advances: Advances in technology are making it easier and cheaper to produce multi crystalline silicon, which is helping fuel market growth. For example, new manufacturing processes are reducing wastage and improving efficiency rates significantly compared with traditional methods used in production plants worldwide . 5) Growing environmental awareness: There has been a growing trend towards sustainability in recent years, with more people becoming aware of the importance of protecting our environment . This has led to an increase in demand for products that are environmentally friendly , such as those that utilise renewable resources like sunlight

Scope Of The Report

Report Attributes

Report Details

Report Title

Multi Crystalline Silicon Market Research Report

By Type

Solar Grade Polysilicon, Electronic Grade Polysilicon

By Application

Solar photovoltaics (PV) Industry, Semiconductor Industry

By Companies

GCL Group, WACKER CHEMIE, Hemlock Semiconductor, OCI, REC Silicon, TBEA, SunEdision, Sichuan Yongxiang, KCC, Tokuyama, HanKook Silicon

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year


Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year


Number of Pages


Number of Tables & Figures


Customization Available

Yes, the report can be customized as per your need.

Global Multi Crystalline Silicon Market Report Segments:

The global Multi Crystalline Silicon market is segmented on the basis of:


Solar Grade Polysilicon, Electronic Grade Polysilicon

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.


Solar photovoltaics (PV) Industry, Semiconductor 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:

  1. GCL Group
  3. Hemlock Semiconductor
  4. OCI
  5. REC Silicon
  6. TBEA
  7. SunEdision
  8. Sichuan Yongxiang
  9. KCC
  10. Tokuyama
  11. HanKook Silicon

Global Multi Crystalline Silicon Market Overview

Highlights of The Multi Crystalline Silicon Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Solar Grade Polysilicon
    2. Electronic Grade Polysilicon
  1. By Application:

    1. Solar photovoltaics (PV) Industry
    2. Semiconductor Industry
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Multi Crystalline 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

Global Multi Crystalline Silicon Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?

Multi Crystalline Silicon is a type of semiconductor material that consists of many small silicon crystals. This type of material can be used in electronic devices because it has a high degree of resistance to heat and electricity. Multi Crystalline Silicon is also used in solar cells and light emitting diodes (LEDs).

Some of the major players in the multi crystalline silicon market are GCL Group, WACKER CHEMIE, Hemlock Semiconductor, OCI, REC Silicon, TBEA, SunEdision, Sichuan Yongxiang, KCC, Tokuyama, HanKook Silicon.

1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Multi Crystalline Silicon Market Overview
   4.1. Introduction
      4.1.1. Market Taxonomy
      4.1.2. Market Definition
   4.2. Macro-Economic Factors
      4.2.1. Industry Outlook
   4.3. Multi Crystalline Silicon Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Multi Crystalline Silicon Market - Supply Chain
   4.5. Global Multi Crystalline Silicon Market Forecast
      4.5.1. Multi Crystalline Silicon Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Multi Crystalline Silicon Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Multi Crystalline Silicon Market Absolute $ Opportunity

5. Global Multi Crystalline Silicon Market Analysis and Forecast by Type
   5.1. Market Trends
   5.2. Introduction
      5.2.1. Basis Point Share (BPS) Analysis by Type
      5.2.2. Y-o-Y Growth Projections by Type
   5.3. Multi Crystalline Silicon Market Size and Volume Forecast by Type
      5.3.1. Solar Grade Polysilicon
      5.3.2. Electronic Grade Polysilicon
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Multi Crystalline Silicon Market Analysis and Forecast by Application
   6.1. Market Trends
   6.2. Introduction
      6.2.1. Basis Point Share (BPS) Analysis by Application
      6.2.2. Y-o-Y Growth Projections by Application
   6.3. Multi Crystalline Silicon Market Size and Volume Forecast by Application
      6.3.1. Solar photovoltaics (PV) Industry
      6.3.2. Semiconductor Industry
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Multi Crystalline Silicon Market Analysis and Forecast by Sales Channel
   7.1. Market Trends
   7.2. Introduction
      7.2.1. Basis Point Share (BPS) Analysis by Sales Channel 
      7.2.2. Y-o-Y Growth Projections by Sales Channel
   7.3. Multi Crystalline Silicon Market Size and Volume Forecast by Sales Channel 
      7.3.1. Manufacturer/Distributor/Service Provider
      7.3.2. Aftermarket
   7.4. Absolute $ Opportunity Assessment by Sales Channel
   7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel

8. Global Multi Crystalline Silicon Market Analysis and Forecast by Region
   8.1. Market Trends
   8.2. Introduction
      8.2.1. Basis Point Share (BPS) Analysis by Region
      8.2.2. Y-o-Y Growth Projections by Region
   8.3. Multi Crystalline Silicon Market Size and Volume Forecast by Region
      8.3.1. North America
      8.3.2. Latin America
      8.3.3. Europe
      8.3.4. Asia Pacific
      8.3.5. Middle East and Africa (MEA)
   8.4. Absolute $ Opportunity Assessment by Region
   8.5. Market Attractiveness/Growth Potential Analysis by Region
   8.6. Global Multi Crystalline Silicon Demand Share Forecast, 2019-2026

9. North America Multi Crystalline Silicon Market Analysis and Forecast
   9.1. Introduction
      9.1.1. Basis Point Share (BPS) Analysis by Country
      9.1.2. Y-o-Y Growth Projections by Country
   9.2. North America Multi Crystalline Silicon Market Size and Volume Forecast by Country
      9.2.1. U.S.
      9.2.2. Canada
   9.3. Absolute $ Opportunity Assessment by Country
   9.4. North America Multi Crystalline Silicon Market Size and Volume Forecast by Application
      9.4.1. Solar photovoltaics (PV) Industry
      9.4.2. Semiconductor Industry
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Multi Crystalline Silicon Market Size and Volume Forecast by Type
      9.7.1. Solar Grade Polysilicon
      9.7.2. Electronic Grade Polysilicon
   9.8. Basis Point Share (BPS) Analysis by Type
   9.9. Y-o-Y Growth Projections by Type
   9.10. Market Attractiveness/Growth Potential Analysis
      9.10.1. By Country
      9.10.2. By Product Type
      9.10.3. By Application
      9.10.4. By Sales Channel
   9.11. North America Multi Crystalline Silicon Demand Share Forecast, 2019-2026

10. Latin America Multi Crystalline Silicon Market Analysis and Forecast
   10.1. Introduction
      10.1.1. Basis Point Share (BPS) Analysis by Country
      10.1.2. Y-o-Y Growth Projections by Country
      10.1.3. Latin America Average Pricing Analysis
   10.2. Latin America Multi Crystalline Silicon Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
   10.4. Latin America Multi Crystalline Silicon Market Size and Volume Forecast by Application
      10.4.1. Solar photovoltaics (PV) Industry
      10.4.2. Semiconductor Industry
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Multi Crystalline Silicon Market Size and Volume Forecast by Type
      10.7.1. Solar Grade Polysilicon
      10.7.2. Electronic Grade Polysilicon
   10.8. Basis Point Share (BPS) Analysis by Type
   10.9. Y-o-Y Growth Projections by Type
   10.10. Market Attractiveness/Growth Potential Analysis
      10.10.1. By Country
      10.10.2. By Product Type
      10.10.3. By Application
      10.10.4. By Sales Channel
   10.11. Latin America Multi Crystalline Silicon Demand Share Forecast, 2019-2026

11. Europe Multi Crystalline Silicon Market Analysis and Forecast
   11.1. Introduction
      11.1.1. Basis Point Share (BPS) Analysis by Country
      11.1.2. Y-o-Y Growth Projections by Country
      11.1.3. Europe Average Pricing Analysis
   11.2. Europe Multi Crystalline Silicon Market Size and Volume Forecast by Country
      11.2.1. Germany
      11.2.2. France
      11.2.3. Italy
      11.2.4. U.K.
      11.2.5. Spain
      11.2.6. Russia
      11.2.7. Rest of Europe
   11.3. Absolute $ Opportunity Assessment by Country
   11.4. Europe Multi Crystalline Silicon Market Size and Volume Forecast by Application
      11.4.1. Solar photovoltaics (PV) Industry
      11.4.2. Semiconductor Industry
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Multi Crystalline Silicon Market Size and Volume Forecast by Type
      11.7.1. Solar Grade Polysilicon
      11.7.2. Electronic Grade Polysilicon
   11.8. Basis Point Share (BPS) Analysis by Type
   11.9. Y-o-Y Growth Projections by Type
   11.10. Market Attractiveness/Growth Potential Analysis
      11.10.1. By Country
      11.10.2. By Product Type
      11.10.3. By Application
      11.10.4. By Sales Channel
   11.11. Europe Multi Crystalline Silicon Demand Share, 2019-2026

12. Asia Pacific Multi Crystalline Silicon Market Analysis and Forecast
   12.1. Introduction
      12.1.1. Basis Point Share (BPS) Analysis by Country
      12.1.2. Y-o-Y Growth Projections by Country
      12.1.3. Asia Pacific Average Pricing Analysis
   12.2. Asia Pacific Multi Crystalline Silicon Market Size and Volume Forecast by Country
      12.2.1. China
      12.2.2. Japan
      12.2.3. South Korea
      12.2.4. India
      12.2.5. Australia
      12.2.6. Rest of Asia Pacific (APAC)
   12.3. Absolute $ Opportunity Assessment by Country
   12.4. Asia Pacific Multi Crystalline Silicon Market Size and Volume Forecast by Application
      12.4.1. Solar photovoltaics (PV) Industry
      12.4.2. Semiconductor Industry
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Multi Crystalline Silicon Market Size and Volume Forecast by Type
      12.7.1. Solar Grade Polysilicon
      12.7.2. Electronic Grade Polysilicon
   12.8. Basis Point Share (BPS) Analysis by Type
   12.9. Y-o-Y Growth Projections by Type
   12.10. Market Attractiveness/Growth Potential Analysis
      12.10.1. By Country
      12.10.2. By Product Type
      12.10.3. By Application
      12.10.4. By Sales Channel
   12.11. Asia Pacific Multi Crystalline Silicon Demand Share, 2019-2026

13. Middle East & Africa Multi Crystalline Silicon Market Analysis and Forecast
   13.1. Introduction
      13.1.1. Basis Point Share (BPS) Analysis by Country
      13.1.2. Y-o-Y Growth Projections by Country
      13.1.3. Asia Pacific Average Pricing Analysis
   13.2. Middle East & Africa Multi Crystalline Silicon Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
   13.4. Middle East & Africa Multi Crystalline Silicon Market Size and Volume Forecast by Application
      13.4.1. Solar photovoltaics (PV) Industry
      13.4.2. Semiconductor Industry
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Multi Crystalline Silicon Market Size and Volume Forecast by Type
      13.7.1. Solar Grade Polysilicon
      13.7.2. Electronic Grade Polysilicon
   13.8. Basis Point Share (BPS) Analysis by Type
   13.9. Y-o-Y Growth Projections by Type
   13.10. Market Attractiveness/Growth Potential Analysis
      13.10.1. By Country
      13.10.2. By Product Type
      13.10.3. By Application
      13.10.4. By Sales Channel
   13.11. Middle East & Africa Multi Crystalline Silicon Demand Share, 2019-2026

14. Competition Landscape
   14.1. Global Multi Crystalline Silicon Market: Market Share Analysis
   14.2. Multi Crystalline Silicon Distributors and Customers
   14.3. Multi Crystalline Silicon Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. GCL Group Overview Financials Developments Strategic Outlook
      14.4.2. WACKER CHEMIE Overview Financials Developments Strategic Outlook
      14.4.3. Hemlock Semiconductor Overview Financials Developments Strategic Outlook
      14.4.4. OCI Overview Financials Developments Strategic Outlook
      14.4.5. REC Silicon Overview Financials Developments Strategic Outlook
      14.4.6. TBEA Overview Financials Developments Strategic Outlook
      14.4.7. SunEdision Overview Financials Developments Strategic Outlook
      14.4.8. Sichuan Yongxiang Overview Financials Developments Strategic Outlook
      14.4.9. KCC Overview Financials Developments Strategic Outlook
      14.4.10. Tokuyama Overview Financials Developments Strategic Outlook
      14.4.11. HanKook Silicon Overview Financials Developments Strategic Outlook
      14.4.12. COMPANY 12 Overview Financials Developments Strategic Outlook
      14.4.13. COMPANY 13 Overview Financials Developments Strategic Outlook
      14.4.14. COMPANY 14 Overview Financials Developments Strategic Outlook
      14.4.15. COMPANY 15 Overview Financials Developments Strategic Outlook
      14.4.16. COMPANY 16 Overview Financials Developments Strategic Outlook
      14.4.17. COMPANY 17 Overview Financials Developments Strategic Outlook
      14.4.18. COMPANY 18 Overview Financials Developments Strategic Outlook
      14.4.19. COMPANY 19 Overview Financials Developments Strategic Outlook
      14.4.20. COMPANY 20 Overview Financials Developments Strategic Outlook

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