Abstract According to a report released by MarketsandMarkets, the value of polysilicon market will increase from US$4.71 billion in 2015 to US$8.9 billion in 2021, with a compound annual growth rate of 13.0%. The polysilicon market has been closed...
According to a report released by MarketsandMarkets, the value of polysilicon market will increase from $4.71 billion in 2015 to $8.9 billion in 2021, with a compound annual growth rate of 13.0%. The polysilicon market is driven by the rapid growth of key end industries such as solar photovoltaics and electronics. The solar photovoltaic industry accounts for the largest demand in the polysilicon market. Due to the increasing awareness of consumers adopting sustainable energy, the demand for solar photovoltaic panels has increased dramatically in recent years. In addition, governments provide a variety of subsidies and tax exemptions to solar PV market manufacturers and end users. The government is concerned about the transition to clean solar power generation, reducing power plant emissions and promoting the development of the solar photovoltaic market.
The Asia Pacific region is currently the largest polysilicon market. The dramatic growth in solar photovoltaic and electronics industries in China, Japan and India has driven demand for polysilicon in the region. North America is the second largest polysilicon market in terms of quantity and value. More and more solar photovoltaic power plants in the United States and Canada have driven polysilicon consumption in the North American market.
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