Asia Pacific Polysilicon Market Size, Share & Trends Analysis Report By Application (Solar PV (Multicrystalline Solar Panel, and Monocrystalline Solar Panel), and Electronics (Semiconductor), By Country and Growth Forecast, 2023 - 2030

The Asia Pacific Polysilicon Market would witness market growth of 13.9% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 524.8 Kilo Tonnes, showcasing a growth of 11.9% (2019-2022).

A notable development in the market is the continuous expansion of solar installations across the globe. Government policies and incentives favorable to solar energy and a growing consciousness regarding its environmental advantages have contributed to an upsurge in solar-powered initiatives. This trend is expected to continue due to the increasing incorporation of solar energy into global energy portfolios.

Additionally, the market has witnessed a notable shift towards multicrystalline silicon, a type of polysilicon known for its cost-effectiveness and improved efficiency. Manufacturers increasingly adopt multicrystalline silicon technologies to meet the growing demand for solar modules with enhanced performance characteristics. Multicrystalline silicon is derived from casting multiple crystals together during the ingot growth. This manufacturing technique results in a structure comprising multiple crystal grains instead of the single crystal structure of monocrystalline silicon. While multicrystalline silicon may have some grain boundaries, it offers advantages in terms of cost-effectiveness and production efficiency.

Government initiatives supporting the electronics manufacturing sector, such as the Production-Linked Incentive (PLI) scheme for electronic manufacturing, can further stimulate the growth of semiconductor and solar manufacturing in the country. These initiatives can create a conducive environment for increased its consumption. Moreover, as per the data from Invest India, the nation’s domestic electronics production is expected to reach $ 300 Bn by FY26. India’s domestic production has increased at a growth rate of 13% from $49 Bn in FY17 to $101 Bn in FY23. By FY26, the nation's exports of electronic goods are expected to reach $120 billion. Hence, the growing electronics sector in the Asia Pacific will help in the expansion of the regional market. 

The China market dominated the Asia Pacific Polysilicon Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $7,155.3 Million by 2030. The Japan market is registering a CAGR of 12.9% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 14.6% during (2023 - 2030).

Free Valuable Insights: The Global Polysilicon Market is Predict to reach $37.9 Billion by 2030, at a CAGR of 13.6%

Based on Application, the market is segmented into Solar PV (Multicrystalline Solar Panel, and Monocrystalline Solar Panel), and Electronics (Semiconductor). Based on countries, the market is segmented into China, Japan, India, South Korea, Taiwan, Australia, and Rest of Asia Pacific.

List of Key Companies Profiled

• OCI Company Ltd.
• Tokuyama Corporation
• Wacker Chemie AG
• REC Silicon ASA
• GCL Technology Holdings Limited (Golden Concord Holding Limited)
• Hemlock Semiconductor Operations LLC and Hemlock Semiconductor, L.L.C. 
• DAQO NEW ENERGY CORP.
• Xinte Energy Co., Ltd (TEBA Co., Ltd.)
• High-Purity Silicon America Corporation (SUMCO Corporation)
• Mitsubishi Materials Corporation

Asia Pacific Polysilicon Market Report Segmentation

By Application (Volume, kilo Tonnes, USD Billion, 2019-2030)

• Solar PV
  • Multicrystalline Solar Panel
  • Monocrystalline Solar Panel
• Electronics (Semiconductor)

By Country (Volume, kilo Tonnes, USD Billion, 2019-2030)

• China
• Japan
• India
• South Korea
• Singapore
• Malaysia
• Rest of Asia Pacific

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Polysilicon Market, by Application
1.4.2 Asia Pacific Polysilicon Market, by Country
1.5 Methodology for the research

Chapter 2. Market at a Glance
2.1 Key Highlights

Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter’s Five Forces Analysis

Chapter 4. Strategies Deployed in Polysilicon Market

Chapter 5. Asia Pacific Polysilicon Market, By Application
5.1 Asia Pacific Solar PV Market, By Country
5.2 Asia Pacific Polysilicon Market, By Solar PV Type
5.2.1 Asia Pacific Multicrystalline Solar Panel Market, By Country
5.2.2 Asia Pacific Monocrystalline Solar Panel Market, By Country
5.3 Asia Pacific Electronics (Semiconductor) Market, By Country

Chapter 6. Asia Pacific Polysilicon Market, By Country
6.1 China Polysilicon Market
6.1.1 China Polysilicon Market, By Application
6.1.1.1 China Polysilicon Market, By Solar PV Type
6.2 Japan Polysilicon Market
6.2.1 Japan Polysilicon Market, By Application
6.2.1.1 Japan Polysilicon Market, By Solar PV Type
6.3 India Polysilicon Market
6.3.1 India Polysilicon Market, By Application
6.3.1.1 India Polysilicon Market, By Solar PV Type
6.4 South Korea Polysilicon Market
6.4.1 South Korea Polysilicon Market, By Application
6.4.1.1 South Korea Polysilicon Market, By Solar PV Type
6.5 Taiwan Polysilicon Market
6.5.1 Taiwan Polysilicon Market, By Application
6.5.1.1 Taiwan Polysilicon Market, By Solar PV Type
6.6 Australia Polysilicon Market
6.6.1 Australia Polysilicon Market, By Application
6.6.1.1 Australia Polysilicon Market, By Solar PV Type
6.7 Rest of Asia Pacific Polysilicon Market
6.7.1 Rest of Asia Pacific Polysilicon Market, By Application
6.7.1.1 Rest of Asia Pacific Polysilicon Market, By Solar PV Type

Chapter 7. Company Profiles
7.1 OCI Company Ltd.
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expenses
7.1.5 Recent strategies and developments:
7.1.5.1 Partnerships, Collaborations, and Agreements:
7.1.5.2 Geographical Expansions:
7.1.6 SWOT Analysis
7.2 Tokuyama Corporation
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expenses
7.2.5 Recent strategies and developments:
7.2.5.1 Partnerships, Collaborations, and Agreements:
7.2.6 SWOT Analysis
7.3 Wacker Chemie AG
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expenses
7.3.5 Recent strategies and developments:
7.3.5.1 Geographical Expansions:
7.3.6 SWOT Analysis
7.4 REC Silicon ASA
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental Analysis
7.4.4 Recent strategies and developments:
7.4.4.1 Partnerships, Collaborations, and Agreements:
7.4.5 SWOT Analysis
7.5 GCL Technology Holdings Limited (Golden Concord Holding Limited)
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 Research & Development Expenses
7.5.5 Recent strategies and developments:
7.5.5.1 Geographical Expansions:
7.5.6 SWOT Analysis
7.6 Hemlock Semiconductor Operations LLC and Hemlock Semiconductor, L.L.C.
7.6.1 Company Overview
7.6.2 SWOT Analysis
7.7 DAQO NEW ENERGY CORP.
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Research & Development Expenses
7.7.4 Recent strategies and developments:
7.7.4.1 Geographical Expansions:
7.7.5 SWOT Analysis
7.8 Xinte Energy Co., Ltd. (TEBA Co., Ltd.)
7.8.1 Company Overview
7.8.2 Recent strategies and developments:
7.8.2.1 Partnerships, Collaborations, and Agreements:
7.8.2.2 Geographical Expansions:
7.8.3 SWOT Analysis
7.9 High-Purity Silicon America Corporation (SUMCO Corporation)
7.9.1 Company Overview
7.9.2 Financial Analysis
7.9.3 Regional Analysis
7.9.4 Research & Development Expenses
7.9.5 SWOT Analysis
7.10. Mitsubishi Materials Corporation
7.10.1 Company Overview
7.10.2 Financial Analysis
7.10.3 Regional Analysis
7.10.4 Research & Development Expenses
7.10.5 SWOT Analysis

TABLE 1 Asia Pacific Polysilicon Market, 2019 - 2022, USD Million
TABLE 2 Asia Pacific Polysilicon Market, 2023 - 2030, USD Million
TABLE 3 Asia Pacific Polysilicon Market, 2019 - 2022, Kilo Tonnes
TABLE 4 Asia Pacific Polysilicon Market, 2023 - 2030, Kilo Tonnes
TABLE 5 Asia Pacific Polysilicon Market, By Application, 2019 - 2022, USD Million
TABLE 6 Asia Pacific Polysilicon Market, By Application, 2023 - 2030, USD Million
TABLE 7 Asia Pacific Polysilicon Market, By Application, 2019 - 2022, Kilo Tonnes
TABLE 8 Asia Pacific Polysilicon Market, By Application, 2023 - 2030, Kilo Tonnes
TABLE 9 Asia Pacific Solar PV Market, By Country, 2019 - 2022, USD Million
TABLE 10 Asia Pacific Solar PV Market, By Country, 2023 - 2030, USD Million
TABLE 11 Asia Pacific Solar PV Market, By Country, 2019 - 2022, Kilo Tonnes
TABLE 12 Asia Pacific Solar PV Market, By Country, 2023 - 2030, Kilo Tonnes
TABLE 13 Asia Pacific Polysilicon Market, By Solar PV Type, 2019 - 2022, USD Million
TABLE 14 Asia Pacific Polysilicon Market, By Solar PV Type, 2023 - 2030, USD Million
TABLE 15 Asia Pacific Polysilicon Market, By Solar PV Type, 2019 - 2022, Kilo Tonnes
TABLE 16 Asia Pacific Polysilicon Market, By Solar PV Type, 2023 - 2030, Kilo Tonnes
TABLE 17 Asia Pacific Multicrystalline Solar Panel Market, By Country, 2019 - 2022, USD Million
TABLE 18 Asia Pacific Multicrystalline Solar Panel Market, By Country, 2023 - 2030, USD Million
TABLE 19 Asia Pacific Multicrystalline Solar Panel Market, By Country, 2019 - 2022, Kilo Tonnes
TABLE 20 Asia Pacific Multicrystalline Solar Panel Market, By Country, 2023 - 2030, Kilo Tonnes
TABLE 21 Asia Pacific Monocrystalline Solar Panel Market, By Country, 2019 - 2022, USD Million
TABLE 22 Asia Pacific Monocrystalline Solar Panel Market, By Country, 2023 - 2030, USD Million
TABLE 23 Asia Pacific Monocrystalline Solar Panel Market, By Country, 2019 - 2022, Kilo Tonnes
TABLE 24 Asia Pacific Monocrystalline Solar Panel Market, By Country, 2023 - 2030, Kilo Tonnes
TABLE 25 Asia Pacific Electronics (Semiconductor) Market, By Country, 2019 - 2022, USD Million
TABLE 26 Asia Pacific Electronics (Semiconductor) Market, By Country, 2023 - 2030, USD Million
TABLE 27 Asia Pacific Electronics (Semiconductor) Market, By Country, 2019 - 2022, Kilo Tonnes
TABLE 28 Asia Pacific Electronics (Semiconductor) Market, By Country, 2023 - 2030, Kilo Tonnes
TABLE 29 Asia Pacific Polysilicon Market, By Country, 2019 - 2022, USD Million
TABLE 30 Asia Pacific Polysilicon Market, By Country, 2023 - 2030, USD Million
TABLE 31 Asia Pacific Polysilicon Market, By Country, 2019 - 2022, Kilo Tonnes
TABLE 32 Asia Pacific Polysilicon Market, By Country, 2023 - 2030, Kilo Tonnes
TABLE 33 China Polysilicon Market, 2019 - 2022, USD Million
TABLE 34 China Polysilicon Market, 2023 - 2030, USD Million
TABLE 35 China Polysilicon Market, 2019 - 2022, Kilo Tonnes
TABLE 36 China Polysilicon Market, 2023 - 2030, Kilo Tonnes
TABLE 37 China Polysilicon Market, By Application, 2019 - 2022, USD Million
TABLE 38 China Polysilicon Market, By Application, 2023 - 2030, USD Million
TABLE 39 China Polysilicon Market, By Application, 2019 - 2022, Kilo Tonnes
TABLE 40 China Polysilicon Market, By Application, 2023 - 2030, Kilo Tonnes
TABLE 41 China Polysilicon Market, By Solar PV Type, 2019 - 2022, USD Million
TABLE 42 China Polysilicon Market, By Solar PV Type, 2023 - 2030, USD Million
TABLE 43 China Polysilicon Market, By Solar PV Type, 2019 - 2022, Kilo Tonnes
TABLE 44 China Polysilicon Market, By Solar PV Type, 2023 - 2030, Kilo Tonnes
TABLE 45 Japan Polysilicon Market, 2019 - 2022, USD Million
TABLE 46 Japan Polysilicon Market, 2023 - 2030, USD Million
TABLE 47 Japan Polysilicon Market, 2019 - 2022, Kilo Tonnes
TABLE 48 Japan Polysilicon Market, 2023 - 2030, Kilo Tonnes
TABLE 49 Japan Polysilicon Market, By Application, 2019 - 2022, USD Million
TABLE 50 Japan Polysilicon Market, By Application, 2023 - 2030, USD Million
TABLE 51 Japan Polysilicon Market, By Application, 2019 - 2022, Kilo Tonnes
TABLE 52 Japan Polysilicon Market, By Application, 2023 - 2030, Kilo Tonnes
TABLE 53 Japan Polysilicon Market, By Solar PV Type, 2019 - 2022, USD Million
TABLE 54 Japan Polysilicon Market, By Solar PV Type, 2023 - 2030, USD Million
TABLE 55 Japan Polysilicon Market, By Solar PV Type, 2019 - 2022, Kilo Tonnes
TABLE 56 Japan Polysilicon Market, By Solar PV Type, 2023 - 2030, Kilo Tonnes
TABLE 57 India Polysilicon Market, 2019 - 2022, USD Million
TABLE 58 India Polysilicon Market, 2023 - 2030, USD Million
TABLE 59 India Polysilicon Market, 2019 - 2022, Kilo Tonnes
TABLE 60 India Polysilicon Market, 2023 - 2030, Kilo Tonnes
TABLE 61 India Polysilicon Market, By Application, 2019 - 2022, USD Million
TABLE 62 India Polysilicon Market, By Application, 2023 - 2030, USD Million
TABLE 63 India Polysilicon Market, By Application, 2019 - 2022, Kilo Tonnes
TABLE 64 India Polysilicon Market, By Application, 2023 - 2030, Kilo Tonnes
TABLE 65 India Polysilicon Market, By Solar PV Type, 2019 - 2022, USD Million
TABLE 66 India Polysilicon Market, By Solar PV Type, 2023 - 2030, USD Million
TABLE 67 India Polysilicon Market, By Solar PV Type, 2019 - 2022, Kilo Tonnes
TABLE 68 India Polysilicon Market, By Solar PV Type, 2023 - 2030, Kilo Tonnes
TABLE 69 South Korea Polysilicon Market, 2019 - 2022, USD Million
TABLE 70 South Korea Polysilicon Market, 2023 - 2030, USD Million
TABLE 71 South Korea Polysilicon Market, 2019 - 2022, Kilo Tonnes
TABLE 72 South Korea Polysilicon Market, 2023 - 2030, Kilo Tonnes
TABLE 73 South Korea Polysilicon Market, By Application, 2019 - 2022, USD Million
TABLE 74 South Korea Polysilicon Market, By Application, 2023 - 2030, USD Million
TABLE 75 South Korea Polysilicon Market, By Application, 2019 - 2022, Kilo Tonnes
TABLE 76 South Korea Polysilicon Market, By Application, 2023 - 2030, Kilo Tonnes
TABLE 77 South Korea Polysilicon Market, By Solar PV Type, 2019 - 2022, USD Million
TABLE 78 South Korea Polysilicon Market, By Solar PV Type, 2023 - 2030, USD Million
TABLE 79 South Korea Polysilicon Market, By Solar PV Type, 2019 - 2022, Kilo Tonnes
TABLE 80 South Korea Polysilicon Market, By Solar PV Type, 2023 - 2030, Kilo Tonnes
TABLE 81 Taiwan Polysilicon Market, 2019 - 2022, USD Million
TABLE 82 Taiwan Polysilicon Market, 2023 - 2030, USD Million
TABLE 83 Taiwan Polysilicon Market, 2019 - 2022, Kilo Tonnes
TABLE 84 Taiwan Polysilicon Market, 2023 - 2030, Kilo Tonnes
TABLE 85 Taiwan Polysilicon Market, By Application, 2019 - 2022, USD Million
TABLE 86 Taiwan Polysilicon Market, By Application, 2023 - 2030, USD Million
TABLE 87 Taiwan Polysilicon Market, By Application, 2019 - 2022, Kilo Tonnes
TABLE 88 Taiwan Polysilicon Market, By Application, 2023 - 2030, Kilo Tonnes
TABLE 89 Taiwan Polysilicon Market, By Solar PV Type, 2019 - 2022, USD Million
TABLE 90 Taiwan Polysilicon Market, By Solar PV Type, 2023 - 2030, USD Million
TABLE 91 Taiwan Polysilicon Market, By Solar PV Type, 2019 - 2022, Kilo Tonnes
TABLE 92 Taiwan Polysilicon Market, By Solar PV Type, 2023 - 2030, Kilo Tonnes
TABLE 93 Australia Polysilicon Market, 2019 - 2022, USD Million
TABLE 94 Australia Polysilicon Market, 2023 - 2030, USD Million
TABLE 95 Australia Polysilicon Market, 2019 - 2022, Kilo Tonnes
TABLE 96 Australia Polysilicon Market, 2023 - 2030, Kilo Tonnes
TABLE 97 Australia Polysilicon Market, By Application, 2019 - 2022, USD Million
TABLE 98 Australia Polysilicon Market, By Application, 2023 - 2030, USD Million
TABLE 99 Australia Polysilicon Market, By Application, 2019 - 2022, Kilo Tonnes
TABLE 100 Australia Polysilicon Market, By Application, 2023 - 2030, Kilo Tonnes
TABLE 101 Australia Polysilicon Market, By Solar PV Type, 2019 - 2022, USD Million
TABLE 102 Australia Polysilicon Market, By Solar PV Type, 2023 - 2030, USD Million
TABLE 103 Australia Polysilicon Market, By Solar PV Type, 2019 - 2022, Kilo Tonnes
TABLE 104 Australia Polysilicon Market, By Solar PV Type, 2023 - 2030, Kilo Tonnes
TABLE 105 Rest of Asia Pacific Polysilicon Market, 2019 - 2022, USD Million
TABLE 106 Rest of Asia Pacific Polysilicon Market, 2023 - 2030, USD Million
TABLE 107 Rest of Asia Pacific Polysilicon Market, 2019 - 2022, Kilo Tonnes
TABLE 108 Rest of Asia Pacific Polysilicon Market, 2023 - 2030, Kilo Tonnes
TABLE 109 Rest of Asia Pacific Polysilicon Market, By Application, 2019 - 2022, USD Million
TABLE 110 Rest of Asia Pacific Polysilicon Market, By Application, 2023 - 2030, USD Million
TABLE 111 Rest of Asia Pacific Polysilicon Market, By Application, 2019 - 2022, Kilo Tonnes
TABLE 112 Rest of Asia Pacific Polysilicon Market, By Application, 2023 - 2030, Kilo Tonnes
TABLE 113 Rest of Asia Pacific Polysilicon Market, By Solar PV Type, 2019 - 2022, USD Million
TABLE 114 Rest of Asia Pacific Polysilicon Market, By Solar PV Type, 2023 - 2030, USD Million
TABLE 115 Rest of Asia Pacific Polysilicon Market, By Solar PV Type, 2019 - 2022, Kilo Tonnes
TABLE 116 Rest of Asia Pacific Polysilicon Market, By Solar PV Type, 2023 - 2030, Kilo Tonnes
TABLE 117 Key Information – OCI Company Ltd.
TABLE 118 Key Information – Tokuyama Corporation
TABLE 119 Key Information – Wacker Chemie AG
TABLE 120 Key Information – REC Silicon ASA
TABLE 121 Key Information – GCL Technology Holdings Limited
TABLE 122 Key Information – Hemlock Semiconductor Operations LLC and Hemlock Semiconductor, L.L.C.
TABLE 123 Key Information – DAQO NEW ENERGY CORP.
TABLE 124 Key Information – Xinte Energy Co., Ltd.
TABLE 125 Key Information – High-purity silicon america corporation
TABLE 126 Key Information – Mitsubishi materials corporation

List of Figures
FIG 1 Methodology for the research
FIG 2 Asia Pacific Polysilicon Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting Polysilicon Market
FIG 4 Porter’s Five Forces Analysis - Polysilicon Market
FIG 5 Asia Pacific Polysilicon Market share, By Application, 2022
FIG 6 Asia Pacific Polysilicon Market share, By Application, 2030
FIG 7 Asia Pacific Polysilicon Market, By Application, 2019 - 2030, USD Million
FIG 8 Asia Pacific Polysilicon Market share, By Country, 2022
FIG 9 Asia Pacific Polysilicon Market share, By Country, 2030
FIG 10 Asia Pacific Polysilicon Market, By Country, 2019 - 2030, USD Million
FIG 11 SWOT Analysis: OCI Company Ltd.
FIG 12 SWOT Analysis: Tokuyama Corporation
FIG 13 Swot Analysis: Wacker Chemie AG
FIG 14 Swot Analysis: REC Silicon ASA
FIG 15 Swot Analysis: GCL Technology Holdings Limited
FIG 16 Swot Analysis: Hemlock Semiconductor Operations LLC and Hemlock Semiconductor, L.L.C.
FIG 17 Swot Analysis: Daqo New Energy Corp.
FIG 18 Swot Analysis: Xinte Energy Co., Ltd.
FIG 19 Swot Analysis: High-Purity Silicon America Corporation
FIG 20 Swot Analysis: Mitsubishi Materials Corporation