Polysilicon For Electronics Market Is Driven By Increasing Demand For Polysilicon In Semiconductor Industry Across The Globe

Polysilicon is also known as polycrystalline silicon, which is used for semiconductor applications in electronics industry. The polysilicon is converted to monocrystalline silicon and then single crystalline wafers are made. The single crystalline wafer is used to make an integrated circuit (IC), which is the main component embedded in electronic devices. IC is an assembly of electronic components fabricated on the silicon wafer in order to make small and cost-effective devices.

Increasing demand for smarter consumer electronics such as air conditioners, smart phones, tablets, smart TV, and others is a factor augmenting demand for electronic grade polysilicon. Growing demand for polycrystalline silicon for monolithic 3D integration of optical networks owing to its properties such as heat resistant, etc. has a positive impact on the global polysilicon for electronics market. Furthermore, changing lifestyle, increasing urbanization, coupled with high disposable income, and miniaturization of electronic devices has a positive impact on the global polysilicon for electronics market. High fabrication cost of electronic components is a factor challenging growth of the global polysilicon for electronics market.

Increasing technological advancements and development of small and cost-effective electronic devices are factors which in turn create new opportunities for manufacturers operating in the global polysilicon for electronics market.  Increasing demand for smart electronic devices owing to changing lifestyle is an ongoing trend observed which has a positive impact on the global polysilicon for electronics market.

Polysilicon for electronics is segmented by type such Grade I, Grade II, and Grade III. Polysilicon for electronics is segmented on the basis of application such as semiconductor and optics. Increasing demand for polysilicon of different grades in fabrication of MEMS (micro-electromechanical system) and optics owing to growing demand for smarter consumer electronics has a positive impact on the global polysilicon for electronics market.

The market is segmented on the basis of region such as North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Growing electronic industry, increasing demand for consumer electronics such as smart phones, tablets, smart TV, etc. are factors proliferating demand for polysilicon for electronics in the Asia Pacific region, especially in Japan and China. In addition, increasing R&D and technological advancements for manufacturing innovative and cost-effective electronic devices has a positive impact on the polysilicon for electronics market in the region. Rapid urbanization, coupled with high spending capacity, and changing lifestyle are factors augmenting demand for consumer electronics which has a positive impact on polysilicon for electronics market in the North America region. Increasing demand for electronics devices and advancements in technology such as virtual reality, IoT solutions, and others are factors which in turn proliferate growth of the polysilicon for electronics market in the Europe region.

Some of the prominent players operating in the global polysilicon for electronics market include WACKER CHEMIE, Hemlock Semiconductor, REC Silicon, SunEdision, KCC, Tokuyama, and Huanghe Hydropower.