The global demand for Polysilicon Market is presumed to reach the market size of nearly USD 22.77 MN by 2028 from USD 9.1 MN in 2021 with a CAGR of 14% under the study period 2022 - 2028.
Nonresidential Building Construction refers to those constructions where only a minor part of the building is used as a dwelling. Such construction includes health care buildings, schools, industrial buildings and offices. Non-residential buildings are essential parts of the productive cycle for all the related industries. This denotes that sectors may suffer from non-residential construction if they are left with excess capacity or unused building space.
Non-residential construction has shown growth in recent years due to a large amount of construction in the health care sector. Increased government expenditure on this type of construction activity may also be a reason for the boom in the market. This is because most projects by world governments have been towards civil engineering projects such as utilities, highways, sewers and other kinds of public infrastructure. In addition, educational institutes and the construction of office buildings have also become large areas for government expenditure resulting in the expansion of the non-residential construction market. Thus, the driving factors of the market include government expenditure, development of existing infrastructure for tourism purposes and growth in the new application of construction. However, the COVID-19 pandemic has resulted in some economic recession worldwide, affecting all types of businesses, inadvertently affecting this sector. Nonetheless, constant government expenditure and innovations in the market-leading to a wide range of applications for non-residential construction is likely to help the market grow in the coming years.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of polysilicon. The growth and trends of polysilicon industry provide a holistic approach to this study.
This section of the polysilicon market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By End-Use Industry
This section covers the regional outlook, which accentuates current and future demand for the Polysilicon market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions
Global Polysilicon Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the polysilicon market include Wacker Chemie AG (Germany), Hemlock Semiconductor Operations and Hemlock Semiconductor (US), Mitsubishi Polycrystalline Silicon America Corporation (US), GCL-Poly Energy Holdings Limited (China), OCI Solar Power LLC (US), REC Silicon ASA (Norway), Daqo New Energy Corp. (China), SunEdison Inc. (US), Osaka Titanium Technologies Co. Ltd (Japan), Qatar Solar Technologies (Qatar), Tokuyama Corporation (Japan). This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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