Over the years, the polysilicon industry has been dynamic, influenced by technological developments, strategic industry changes, and geopolitical shifts. These changes are driving supply and demand as they are affecting industries from solar power to semiconductors.
Market Growth and Projections
The worldwide polysilicon indsutry has shown a growth trend, with the size projected at USD 37.31 billion in 2023. The market is projected to grow at a CAGR of 16.0% in the forecast period of 2024-2030 on account of expanding solar power industry and surging demand for semiconductor applications.
Industry Performance
Companies like Wacker Chemie are benefiting from this growth. Sales for 2025 would also be boosted by increasing demand for silicone products and semiconductor-grade polysilicon, the German specialty chemicals producer said. The company expects revenue of between 6.1 and 6.4 billion euros in 2025, compared to 5.72 billion euros in 2024.
Technological Innovations
We also saw significant developments in polysilicon applications. As an example, the renewable energy provider 1Komma5° has just introduced its new solar module, the TOPCon (Tunnel Oxide Passivated Contact), featuring polysilicon from Wacker Chemie's production. With a conversion efficiency of 22.8%, this Double-Glass Full-Black module demonstrates the power of high-quality polysilicon to improve efficiency in solar technology.
Geopolitical Influences
Polysilicon landscape is changing under geopolitical pressure. The Biden administration announced a big increase in tariffs on solar materials from China, which would take effect on Jan. 1, 2025. Tariffs on polysilicon and solar wafers will increase by 25% to 50%, seeking to bolster domestic supply chains for clean energy, while addressing issues of forced labour in China’s Xinjiang region.
Financial Challenges
Everything from Chinese polysilicon production is continuing to suffer financial pains. There are great losses for companies such as Xinte Energy as there is an overcapacity and a weak domestic demand. Such financial pressures could affect global supply and pricing of polysilicon.
Conclusion
The polysilicon industry is experiencing a dynamic landscape characterized by strong growth potential, technological advancements, and geopolitical changes. These risks provide opportunities to be aware of, and stakeholders need to be proactive in learning to navigate these new factors successfully.
Sources:
News Outlet: Wacker Chemie Forecasts Sales Growth in 2025, 1Komma5° Introduces High-Efficiency TOPCon Module
