TechNavio recognizes the following companies as the key players in the Global Polysilicon Market: GCL-Poly Energy Holdings Ltd., Hemlock Semiconductor Corp., OCI Co. Ltd., and Wacker Chemie AG
Commenting on the report, an analyst from TechNavio’s team said: “A strategic alliance is the art of generating value through a partnership. Organizations that enter into alliances remain independent firms and partner with each other to accomplish certain goals. Strategic alliances are one of the major trends being witnessed in the Global Polysilicon market. For instance, KCC Corp. entered into a strategic alliance with Hyundai Heavy Industries in February 2010 in order to secure a stable demand and supply contract. Moreover, many organizations in the market are moving toward vertical integration to ensure that the produced output can be consumed internally. This in turn will result in the cost reduction of the final product. LDK Solar, Renesola Ltd., and Renewable Energy Corp. are some of the vertically integrated companies present in the market.”
According to the report, one of the major drivers in this market is the increasing solar energy consumption. The increasing consumption of solar energy across the globe has a positive influence on the demand for polysilicon, which is expected to continue during the remaining years of the forecast period.
Further, the report states that one of the major challenges in this market is the declining prices due to oversupply of polysilicon. The oversupply of polysilicon in the market has had a negative impact, resulting in a drastic decline in polysilicon prices in the recent past.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-polysilicon-market-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/energy
Follow us on Twitter @ Technavio
TechNavio Announces the Publication of its Research Report -Global Polysilicon Market 2012-2016
