London, 22 January 2015: TechNavio, the independent tech-focused global research firm, has published a report on the Global Polysilicon Market 2015-2019, which is expected to grow at a CAGR of 17.2 percent during the forecast period of 2014-2019.
Polysilicon has undergone various technological innovations that are boosting the growth of the Global Polysilicon market. The introduction of newer manufacturing techniques such as fluidized bed reactors using monosilane feed gas will not only improve the conversion rates but also reduce the manufacturing costs of maintaining high silicon purity, thereby driving the growth of the Global Polysilicon market during the forecast period.
“The cost of polysilicon production is decreasing because of the technological advances in the manufacturing process,” says Faisal Ghaus, Vice President of TechNavio.
“New advanced technologies of manufacturing such as fluidized bed reactors will not increase the production cost but will significantly improve the quality of polysilicon.”
Key Market Drivers
- Increase in Solar Energy Consumption
- New Advances in Technology
- Increase in Investment and New Market Entrants
- Constant Growth of Semiconductor Market
Key Market Trends
- Decrease in Production Costs
- Upsurge in Strategic Alliances and Vertical Integration
- Increased Environmental Concerns
Key Market Vendors
- GCL-Poly Energy Holdings Ltd.
- Hemlock Semiconductor Corp.
- OCI Co. Ltd.
- Wacker Chemie AG
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
