Market Overview:
The global solar grade 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 energy across the globe. Solar grade silicon is used in various applications such as industrial manufacture, medical industry, communications industry, aviation industry, military industry and others. Asia Pacific is expected to be the fastest growing region during the forecast period owing to rising demand for solar energy in countries such as China and India.
Product Definition:
Solar grade silicon is a type of silicon that has been purified to have a higher percentage of silicon-28, the most efficient form of silicon for solar energy conversion. Solar grade silicon is important because it can be used to create solar cells that are more efficient at converting sunlight into electrical energy.
Low Purity:
Low purity silicon is used in the production of photovoltaic (PV) grade silicon. PV grade silicon is majorly used for manufacturing crystalline Silicon (Si). It has a composition of greater than 98% by weight of Si along with 2% to 3% by weight impurities which include potassium, sodium and calcium. The growth factor responsible for the increased demand for low purity silicon in PV market is its increasing use as feedstock in solar panels.
High Purity:
High purity is defined as materials with more than 99.999% of the desired properties. Silicon, being a key raw material in the production of photovoltaic (PV) grade silicon, has a high purity requirement to ensure that every lot meets industry standards and expectations for quality and yield.
Silicon contains impurities such as sulfur which can have an adverse impact on solar cell performance by reducing efficiency or even cause cell failure during manufacturing or installation processes.
Application Insights:
The industrial manufacture application segment accounted for the largest revenue share of over 40% in 2017. The product is widely used in the manufacturing of solar grade silicon wafers for use in semiconductor devices, which are then sold to end-use industries such as aviation and military. In addition, it is also used extensively across several other applications including medical industry and communications industry.
The product has a wide range of uses across various industries owing to its properties such as high purity level (above 99%) and low cost compared to raw materials such as gallium nitride or indium phosphide. These properties make it suitable for mass production purposes within a reasonable budget allocated by companies operating within the industrial manufacture sector thereby driving demand over the forecast period.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and accounted for a share of over 45%. The region is expected to continue its dominance over the forecast period. This growth can be attributed to rising product demand from various end-use industries, such as industrial manufacturing, medical devices & components, solar panels etc. Rising disposable income coupled with increasing population has resulted in increased product consumption across Asia Pacific.
The growing electronics industry along with rapid urbanization and infrastructure development has led to an increase in global communication services production which is likely to drive the regional market further.
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. This is driving the adoption of solar power systems, which in turn is boosting demand for solar grade silicon.
- Falling prices of PV modules: The prices of PV modules have been falling steadily in recent years, making them more affordable for consumers and businesses. This is benefiting the Solar Grade Silicon market as it increases demand for silicon wafers used in PV module manufacturing.
- Government incentives and subsidies: Governments around the world are providing incentives and subsidies to promote the adoption of solar power systems, which is helping to drive growth in the Solar Grade Silicon market.
- Rising investment in renewable energy: Investment in renewable energy has been rising rapidly over the past few years as investors become increasingly aware of its potential to meet global energy needs without contributing to climate change . This is benefiting the Solar Grade Silicon market as it helps spur growth in installations of solar power systems . 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Solar Grade Silicon Market Research Report
By Type
Low Purity, High Purity
By Application
Industrial Manufacture, Medical Industry, Communications Industry, Aviation Industry, Military Industry, Others
By Companies
Wacker, Tokuyama Corporation, Dow Corning, Mitsubishi Materials, Sumitomo, SunEdison, Shin-Etsu, Globe Specialty Metals, Elkem, Simcoa, Sinosico, RW Silicium, Sichuan Xinguang, Jiangsu Zhongneng, REC Silicon, Heraeus
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
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Solar Grade Silicon Market Report Segments:
The global Solar Grade Silicon market is segmented on the basis of:
Types
Low Purity, High Purity
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
Industrial Manufacture, Medical Industry, Communications Industry, Aviation Industry, Military Industry, Others
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
- Tokuyama Corporation
- Dow Corning
- Mitsubishi Materials
- Sumitomo
- SunEdison
- Shin-Etsu
- Globe Specialty Metals
- Elkem
- Simcoa
- Sinosico
- RW Silicium
- Sichuan Xinguang
- Jiangsu Zhongneng
- REC Silicon
- Heraeus
Highlights of The Solar Grade 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:
- Low Purity
- High Purity
- By Application:
- Industrial Manufacture
- Medical Industry
- Communications Industry
- Aviation Industry
- Military Industry
- Others
- 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 Solar Grade 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?
Solar grade silicon is a type of silicon that has been processed to meet the highest quality standards for solar energy applications. Solar grade silicon is typically less expensive than other types of silicon, making it a good choice for products that need to be affordable while still meeting high quality standards.
Some of the major players in the solar grade silicon market are Wacker, Tokuyama Corporation, Dow Corning, Mitsubishi Materials, Sumitomo, SunEdison, Shin-Etsu, Globe Specialty Metals, Elkem, Simcoa, Sinosico, RW Silicium, Sichuan Xinguang, Jiangsu Zhongneng, REC Silicon, Heraeus.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Solar Grade 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. Solar Grade Silicon Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Solar Grade Silicon Market - Supply Chain
4.5. Global Solar Grade Silicon Market Forecast
4.5.1. Solar Grade Silicon Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Solar Grade Silicon Market Size (000 Units) and Y-o-Y Growth
4.5.3. Solar Grade Silicon Market Absolute $ Opportunity
5. Global Solar Grade 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. Solar Grade Silicon Market Size and Volume Forecast by Type
5.3.1. Low Purity
5.3.2. High Purity
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Solar Grade 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. Solar Grade Silicon Market Size and Volume Forecast by Application
6.3.1. Industrial Manufacture
6.3.2. Medical Industry
6.3.3. Communications Industry
6.3.4. Aviation Industry
6.3.5. Military Industry
6.3.6. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Solar Grade 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. Solar Grade 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 Solar Grade 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. Solar Grade 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 Solar Grade Silicon Demand Share Forecast, 2019-2026
9. North America Solar Grade 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 Solar Grade 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 Solar Grade Silicon Market Size and Volume Forecast by Application
9.4.1. Industrial Manufacture
9.4.2. Medical Industry
9.4.3. Communications Industry
9.4.4. Aviation Industry
9.4.5. Military Industry
9.4.6. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Solar Grade Silicon Market Size and Volume Forecast by Type
9.7.1. Low Purity
9.7.2. High Purity
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 Solar Grade Silicon Demand Share Forecast, 2019-2026
10. Latin America Solar Grade 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 Solar Grade 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 Solar Grade Silicon Market Size and Volume Forecast by Application
10.4.1. Industrial Manufacture
10.4.2. Medical Industry
10.4.3. Communications Industry
10.4.4. Aviation Industry
10.4.5. Military Industry
10.4.6. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Solar Grade Silicon Market Size and Volume Forecast by Type
10.7.1. Low Purity
10.7.2. High Purity
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 Solar Grade Silicon Demand Share Forecast, 2019-2026
11. Europe Solar Grade 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 Solar Grade 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 Solar Grade Silicon Market Size and Volume Forecast by Application
11.4.1. Industrial Manufacture
11.4.2. Medical Industry
11.4.3. Communications Industry
11.4.4. Aviation Industry
11.4.5. Military Industry
11.4.6. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Solar Grade Silicon Market Size and Volume Forecast by Type
11.7.1. Low Purity
11.7.2. High Purity
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 Solar Grade Silicon Demand Share, 2019-2026
12. Asia Pacific Solar Grade 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 Solar Grade 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 Solar Grade Silicon Market Size and Volume Forecast by Application
12.4.1. Industrial Manufacture
12.4.2. Medical Industry
12.4.3. Communications Industry
12.4.4. Aviation Industry
12.4.5. Military Industry
12.4.6. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Solar Grade Silicon Market Size and Volume Forecast by Type
12.7.1. Low Purity
12.7.2. High Purity
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 Solar Grade Silicon Demand Share, 2019-2026
13. Middle East & Africa Solar Grade 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 Solar Grade 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 Solar Grade Silicon Market Size and Volume Forecast by Application
13.4.1. Industrial Manufacture
13.4.2. Medical Industry
13.4.3. Communications Industry
13.4.4. Aviation Industry
13.4.5. Military Industry
13.4.6. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Solar Grade Silicon Market Size and Volume Forecast by Type
13.7.1. Low Purity
13.7.2. High Purity
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 Solar Grade Silicon Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Solar Grade Silicon Market: Market Share Analysis
14.2. Solar Grade Silicon Distributors and Customers
14.3. Solar Grade Silicon Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Wacker
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Tokuyama Corporation
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Dow Corning
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Mitsubishi Materials
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Sumitomo
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. SunEdison
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Shin-Etsu
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Globe Specialty Metals
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Elkem
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Simcoa
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Sinosico
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. RW Silicium
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Sichuan Xinguang
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Jiangsu Zhongneng
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. REC Silicon
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Heraeus
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
