The North America Polysilicon Market would witness market growth of 13.0% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 96.6 Kilo Tonnes, showcasing a growth of 11.1% (2019-2022).
The market, a critical component of the solar energy ecosystem, plays a pivotal role in producing solar photovoltaic (PV) cells, semiconductor devices, and various electronic applications. As the region grapples with the urgent need for sustainable energy solutions, the demand for polysilicon continues to surge, driven by the solar industry's expansion, technological advancements, and a growing emphasis on renewable energy sources. As per the International Energy Agency, more than one-third of total electricity generation is projected to come from renewable sources by early 2025, surpassing coal.
In addition, the adoption of polysilicon is intricately linked to the rapid expansion of the solar industry, which has experienced a remarkable boom in recent years. Governments, businesses, and consumers increasingly turn to solar power as a clean and sustainable alternative to traditional energy sources. Concerns over climate change, pollution, and the finite nature of fossil fuels fuel the environmental consciousness driving this shift. Using the photovoltaic effect, these cells transform sunlight into electrical energy and serve as the foundation of solar energy systems implemented in commercial, industrial, and residential environments.
Canada has witnessed increased utility-scale solar projects, especially in provinces with favorable solar conditions. Solar energy has become more prevalent in both residential and commercial settings. As per the data published in 2023 by Statistics Canada, solar power fed the electricity grid in seven provinces and two territories in 2022. Ontario (2.3 million MWh) generated the most solar energy in 2022, followed by sunny Alberta (851,374 MWh) and Saskatchewan (30,097 MWh). Nationally, solar power generation has increased by over half (+55.7%) since 2017 to 3.2 million MWh. Thus, North America's rising solar energy sector will lead to increased demand for polysilicon in the region.
The US market dominated the North America Polysilicon Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $3,277.7 Million by 2030. The Canada market is experiencing a CAGR of 15.5% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 14.5% during (2023 - 2030).
Free Valuable Insights: The 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 U.S., Mexico, Canada, and Rest of North America.
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
North America 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)
- US
- Canada
- Mexico
- Rest of North America
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Polysilicon Market, by Application
1.4.2 North America 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. North America Polysilicon Market, By Application
5.1 North America Solar PV Market, By Country
5.2 North America Polysilicon Market, By Solar PV Type
5.2.1 North America Multicrystalline Solar Panel Market, By Country
5.2.2 North America Monocrystalline Solar Panel Market, By Country
5.3 North America Electronics (Semiconductor) Market, By Country
Chapter 6. North America Polysilicon Market, By Country
6.1 US Polysilicon Market
6.1.1 US Polysilicon Market, By Application
6.1.1.1 US Polysilicon Market, By Solar PV Type
6.2 Canada Polysilicon Market
6.2.1 Canada Polysilicon Market, By Application
6.2.1.1 Canada Polysilicon Market, By Solar PV Type
6.3 Mexico Polysilicon Market
6.3.1 Mexico Polysilicon Market, By Application
6.3.1.1 Mexico Polysilicon Market, By Solar PV Type
6.4 Rest of North America Polysilicon Market
6.4.1 Rest of North America Polysilicon Market, By Application
6.4.1.1 Rest of North America 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 North America Polysilicon Market, 2019 - 2022, USD Million
TABLE 2 North America Polysilicon Market, 2023 - 2030, USD Million
TABLE 3 North America Polysilicon Market, 2019 - 2022, Kilo Tonnes
TABLE 4 North America Polysilicon Market, 2023 - 2030, Kilo Tonnes
TABLE 5 North America Polysilicon Market, By Application, 2019 - 2022, USD Million
TABLE 6 North America Polysilicon Market, By Application, 2023 - 2030, USD Million
TABLE 7 North America Polysilicon Market, By Application, 2019 - 2022, Kilo Tonnes
TABLE 8 North America Polysilicon Market, By Application, 2023 - 2030, Kilo Tonnes
TABLE 9 North America Solar PV Market, By Country, 2019 - 2022, USD Million
TABLE 10 North America Solar PV Market, By Country, 2023 - 2030, USD Million
TABLE 11 North America Solar PV Market, By Country, 2019 - 2022, Kilo Tonnes
TABLE 12 North America Solar PV Market, By Country, 2023 - 2030, Kilo Tonnes
TABLE 13 North America Polysilicon Market, By Solar PV Type, 2019 - 2022, USD Million
TABLE 14 North America Polysilicon Market, By Solar PV Type, 2023 - 2030, USD Million
TABLE 15 North America Polysilicon Market, By Solar PV Type, 2019 - 2022, Kilo Tonnes
TABLE 16 North America Polysilicon Market, By Solar PV Type, 2023 - 2030, Kilo Tonnes
TABLE 17 North America Multicrystalline Solar Panel Market, By Country, 2019 - 2022, USD Million
TABLE 18 North America Multicrystalline Solar Panel Market, By Country, 2023 - 2030, USD Million
TABLE 19 North America Multicrystalline Solar Panel Market, By Country, 2019 - 2022, Kilo Tonnes
TABLE 20 North America Multicrystalline Solar Panel Market, By Country, 2023 - 2030, Kilo Tonnes
TABLE 21 North America Monocrystalline Solar Panel Market, By Country, 2019 - 2022, USD Million
TABLE 22 North America Monocrystalline Solar Panel Market, By Country, 2023 - 2030, USD Million
TABLE 23 North America Monocrystalline Solar Panel Market, By Country, 2019 - 2022, Kilo Tonnes
TABLE 24 North America Monocrystalline Solar Panel Market, By Country, 2023 - 2030, Kilo Tonnes
TABLE 25 North America Electronics (Semiconductor) Market, By Country, 2019 - 2022, USD Million
TABLE 26 North America Electronics (Semiconductor) Market, By Country, 2023 - 2030, USD Million
TABLE 27 North America Electronics (Semiconductor) Market, By Country, 2019 - 2022, Kilo Tonnes
TABLE 28 North America Electronics (Semiconductor) Market, By Country, 2023 - 2030, Kilo Tonnes
TABLE 29 North America Polysilicon Market, By Country, 2019 - 2022, USD Million
TABLE 30 North America Polysilicon Market, By Country, 2023 - 2030, USD Million
TABLE 31 North America Polysilicon Market, By Country, 2019 - 2022, Kilo Tonnes
TABLE 32 North America Polysilicon Market, By Country, 2023 - 2030, Kilo Tonnes
TABLE 33 US Polysilicon Market, 2019 - 2022, USD Million
TABLE 34 US Polysilicon Market, 2023 - 2030, USD Million
TABLE 35 US Polysilicon Market, 2019 - 2022, Kilo Tonnes
TABLE 36 US Polysilicon Market, 2023 - 2030, Kilo Tonnes
TABLE 37 US Polysilicon Market, By Application, 2019 - 2022, USD Million
TABLE 38 US Polysilicon Market, By Application, 2023 - 2030, USD Million
TABLE 39 US Polysilicon Market, By Application, 2019 - 2022, Kilo Tonnes
TABLE 40 US Polysilicon Market, By Application, 2023 - 2030, Kilo Tonnes
TABLE 41 US Polysilicon Market, By Solar PV Type, 2019 - 2022, USD Million
TABLE 42 US Polysilicon Market, By Solar PV Type, 2023 - 2030, USD Million
TABLE 43 US Polysilicon Market, By Solar PV Type, 2019 - 2022, Kilo Tonnes
TABLE 44 US Polysilicon Market, By Solar PV Type, 2023 - 2030, Kilo Tonnes
TABLE 45 Canada Polysilicon Market, 2019 - 2022, USD Million
TABLE 46 Canada Polysilicon Market, 2023 - 2030, USD Million
TABLE 47 Canada Polysilicon Market, 2019 - 2022, Kilo Tonnes
TABLE 48 Canada Polysilicon Market, 2023 - 2030, Kilo Tonnes
TABLE 49 Canada Polysilicon Market, By Application, 2019 - 2022, USD Million
TABLE 50 Canada Polysilicon Market, By Application, 2023 - 2030, USD Million
TABLE 51 Canada Polysilicon Market, By Application, 2019 - 2022, Kilo Tonnes
TABLE 52 Canada Polysilicon Market, By Application, 2023 - 2030, Kilo Tonnes
TABLE 53 Canada Polysilicon Market, By Solar PV Type, 2019 - 2022, USD Million
TABLE 54 Canada Polysilicon Market, By Solar PV Type, 2023 - 2030, USD Million
TABLE 55 Canada Polysilicon Market, By Solar PV Type, 2019 - 2022, Kilo Tonnes
TABLE 56 Canada Polysilicon Market, By Solar PV Type, 2023 - 2030, Kilo Tonnes
TABLE 57 Mexico Polysilicon Market, 2019 - 2022, USD Million
TABLE 58 Mexico Polysilicon Market, 2023 - 2030, USD Million
TABLE 59 Mexico Polysilicon Market, 2019 - 2022, Kilo Tonnes
TABLE 60 Mexico Polysilicon Market, 2023 - 2030, Kilo Tonnes
TABLE 61 Mexico Polysilicon Market, By Application, 2019 - 2022, USD Million
TABLE 62 Mexico Polysilicon Market, By Application, 2023 - 2030, USD Million
TABLE 63 Mexico Polysilicon Market, By Application, 2019 - 2022, Kilo Tonnes
TABLE 64 Mexico Polysilicon Market, By Application, 2023 - 2030, Kilo Tonnes
TABLE 65 Mexico Polysilicon Market, By Solar PV Type, 2019 - 2022, USD Million
TABLE 66 Mexico Polysilicon Market, By Solar PV Type, 2023 - 2030, USD Million
TABLE 67 Mexico Polysilicon Market, By Solar PV Type, 2019 - 2022, Kilo Tonnes
TABLE 68 Mexico Polysilicon Market, By Solar PV Type, 2023 - 2030, Kilo Tonnes
TABLE 69 Rest of North America Polysilicon Market, 2019 - 2022, USD Million
TABLE 70 Rest of North America Polysilicon Market, 2023 - 2030, USD Million
TABLE 71 Rest of North America Polysilicon Market, 2019 - 2022, Kilo Tonnes
TABLE 72 Rest of North America Polysilicon Market, 2023 - 2030, Kilo Tonnes
TABLE 73 Rest of North America Polysilicon Market, By Application, 2019 - 2022, USD Million
TABLE 74 Rest of North America Polysilicon Market, By Application, 2023 - 2030, USD Million
TABLE 75 Rest of North America Polysilicon Market, By Application, 2019 - 2022, Kilo Tonnes
TABLE 76 Rest of North America Polysilicon Market, By Application, 2023 - 2030, Kilo Tonnes
TABLE 77 Rest of North America Polysilicon Market, By Solar PV Type, 2019 - 2022, USD Million
TABLE 78 Rest of North America Polysilicon Market, By Solar PV Type, 2023 - 2030, USD Million
TABLE 79 Rest of North America Polysilicon Market, By Solar PV Type, 2019 - 2022, Kilo Tonnes
TABLE 80 Rest of North America Polysilicon Market, By Solar PV Type, 2023 - 2030, Kilo Tonnes
TABLE 81 Key Information – OCI Company Ltd.
TABLE 82 Key Information – Tokuyama Corporation
TABLE 83 Key Information – Wacker Chemie AG
TABLE 84 Key Information – REC Silicon ASA
TABLE 85 Key Information – GCL Technology Holdings Limited
TABLE 86 Key Information – Hemlock Semiconductor Operations LLC and Hemlock Semiconductor, L.L.C.
TABLE 87 Key Information – DAQO NEW ENERGY CORP.
TABLE 88 Key Information – Xinte Energy Co., Ltd.
TABLE 89 Key Information – High-purity silicon america corporation
TABLE 90 Key Information – Mitsubishi materials corporation
List of Figures
FIG 1 Methodology for the research
FIG 2 North America Polysilicon Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting Polysilicon Market
FIG 4 Porter’s Five Forces Analysis - Polysilicon Market
FIG 5 North America Polysilicon Market share, By Application, 2022
FIG 6 North America Polysilicon Market share, By Application, 2030
FIG 7 North America Polysilicon Market, By Application, 2019 - 2030, USD Million
FIG 8 North America Polysilicon Market share, By Country, 2022
FIG 9 North America Polysilicon Market share, By Country, 2030
FIG 10 North America 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