A research report titled, “Polycrystalline Silicon: A Global Strategic Business Report,” has been released by Global Industry Analysts (GIA).
The report offers a complete overview of the global PV industry, industry and product summary, market trends and issues, latest industry activity, regional analysis and profiles of the global market players. Worldwide consumption of polycrystalline silicon (polysilicon) is expected to reach 444,532 t by 2017, which is driven by a huge demand from the growing PV industry.
Polysilicon is a key raw material for solar and semiconductor industries. The material has been used in semiconductors for a long time and solar application is the latest area that has made rapid development in the polycrystalline silicon market. Increasing environmental concerns and developing popularity of energy conservation and solar electricity encourage solar panel manufacturers to increase the usage of polysilicon than it was done earlier.
The report reveals that Asia-Pacific is the major consumer of polysilicon material. China is the most promising country in Asia for the growth of polysilicon market. Though China has increased polysilicon production capacity, it still depends on imports, manly from Germany and the U.S. Hence, the future expansion in production capacity, technology enhancements, and low manufacturing cost would contribute to the development of the industry.