According to the Market Statsville Group (MSG), the Global Electronic-Grade Polysilicon Market size was valued at USD 2,054.8 million in 2023 and is expected to grow from USD 2,261.5 million in 2024 to USD 4,678.2 million by 2033, by exhibiting a CAGR of 6.7% during the forecast period (2024-2033)

The electronic-grade polysilicon market represents an imperative sector within the semiconductor industry at large, characterized by use in the manufacture of very pure silicon used in the making of integrated circuits and photovoltaic cells. Demand for electronic-grade polysilicon is mostly driven by the rapid growth of the electronics and solar energy industries, which require very pure silicon for efficient performance and device reliability. The highly influencing factors are technological development and increased adoption of renewable energy sources. Asia-Pacific dominates the market with a major contribution from China due to its large production capacity and growing semiconductor industries. Key participants in the market focus on innovations and strategic collaborations to increase production capacities and meet stringent quality requirements. Due to price fluctuation in raw materials and environmental issues, the polysilicon market is challenged; however, research and development works are going hand in hand to make growth sustainable for this industry.

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Definition of the Electronic-Grade Polysilicon

Electronic-grade polysilicon is highly purified silicon used during the manufacture of these same electronic components, such as integrated circuits and solar photovoltaic cells. It is extremely pure, with very low levels of impurities required by semiconductor devices for adequate performance and reliability. This material is important in both industries: electronics and solar energy.

Scope of the Global Electronic-Grade Polysilicon Market 

The study categorizes the Electronic-Grade Polysilicon market based on product type, application, and end-users at the regional and global levels.

By Product Type Outlook (Sales, USD Million, 2019-2033)

• Grade I Polysilicon
• Grade II Polysilicon
• Grade III Polysilicon

By Application Outlook (Sales, USD Million, 2019-2033)

• 200-mm Wafers
• 300-mm Wafers
• Others

By End-Users Outlook (Sales, USD Million, 2019-2033)

• Aerospace
• Automotive
• Electronics
• Solar Energy
• Others

By Region Outlook (Sales, USD Million, 2019-2033)

• North America 
  • US
  • Canada
  • Mexico
• Europe 
  • Germany
  • Italy
  • France
  • UK
  • Spain
  • Poland
  • Russia
  • The Netherlands
  • Norway
  • Czech Republic
  • Rest of Europe
• Asia Pacific 
  • China
  • Japan
  • India
  • South Korea
  • Indonesia
  • Malaysia
  • Thailand
  • Singapore
  • Australia & New Zealand
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Colombia
  • Rest of South America
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Northern Africa
  • Rest of MEA

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Electronics segment accounts for the largest market share by end-users

Based on the end-users, the market is divided into Aerospace, Automotive, Electronics, Solar Energy, and Others. The electronic industry dominates the market of electronic-grade polysilicon, which is fueled by the ubiquitous demand for semiconductor parts and components in a wide range of electronic devices. The rapid proliferation of consumer electronics such as cell phones, tablets, and laptops increases the demand for high-purity polysilicon due to the advancement of various technologies like artificial intelligence, Internet of Things, and 5G. These technologies' backbone, which is semiconductor chips, requires electronic-grade polysilicon for manufacture due to better purity and performance characteristics. Higher electronics content in areas such as autonomous driving and advanced safety systems within the automotive industry further augments demand within the electronics segment. This dominance by this segment is further fueled by continuous investments in semiconductor manufacturing plants and research, to be specifically seen in the Asia-Pacific region, home to major electronics and semiconductor manufacturers. Therefore, the electronics segment will retain its status as the largest and highest-growth end-user of electronic-grade polysilicon. 

Asia Pacific accounted for the largest market share by Region

Based on the regions, the global market of Electronic-Grade Polysilicon has been segmented across North America, Europe, the Middle East & Africa, South America, and Asia-Pacific. The Asia Pacific region holds the largest share of the Electronic-Grade Polysilicon market. APAC—particularly China—has been the electronic and semiconductor manufacturing center of the world. This requires continuous supplies of high-purity polysilicon. In this respect, huge investments made by China in the production facilities for polysilicon, combined with an already well-established semiconductor manufacturing infrastructure, make it a leader in this market. Also, the growing interest in renewable sources of energy, with special emphasis on solar energy, has resulted in high demand for photovoltaic cells, thereby fueling polysilicon consumption. To add more to its gains, the competitive production costs, complemented by government acts and incentives, further improve APAC's market position. The technological advancements and collaborations taking place in the region help in pointedly innovating and bringing efficiency to polysilicon production, thus reinforcing it. On account of the growing demand for electronics and renewable energy across the world, the APAC region will retain its leadership in the electronic-grade polysilicon market through strategic initiatives and capacity expansions.

Competitive Landscape: Global Electronic-Grade Polysilicon Market 

Market competition runs high among the top players of the global electronic-grade polysilicon market: Wacker Chemie, Hemlock Semiconductor, GCL-Poly Energy Holdings, and OCI Company. This segment increasingly sees companies banking on technology innovation, increasing capacity, and sectoral strategic alliances that would go a long way in bettering their respective market positions. With the pressure of volume demand at a premium in semiconductor and photovoltaic applications due to stringent purity standards, thereby continuing to fuel innovative efforts and efficiency in this competitive environment.

Major players in the global Electronic-Grade Polysilicon market are: 

• Wacker Chemie
• Tokuyama
• Hemlock Semiconductor
• Mitsubishi Materials
• OSAKA Titanium Technologies
• OCI
• REC Silicon
• GCL-Poly Energy
• Huanghe Hydropower
• Yichang CSG
• Other Major Players

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Recent Development 

• In May 2024, WACKER acquired the manufacturing assets and know-how of the US-based Bio Med Sciences Inc. to strengthen further its expertise and business involving silicone-coated healthcare products. WACKER signed a corresponding purchase agreement with the Pennsylvania-based company. Under the transaction terms, most Bio Med Sciences employees will join WACKER. Both parties have mutually agreed not to disclose the purchase price.