The global polysilicon market is expected to remain on a growth trajectory through 2035, supported by expanded semiconductor manufacturing capacity and the wider adoption of solar power equipment. A summary of the latest IndexBox report, which outlines demand by region and end use and future market trends.
The global polysilicon market is expected to enter a phase of structural expansion, driven primarily by increased semiconductor manufacturing capacity and the wider adoption of solar power equipment. The report analyzes how differences in price and quality requirements between electronic-grade and solar-grade polysilicon, as well as changes in regional supply structures, will affect the market.
Under the base-case scenario through 2035, the market index is projected to rise from 100 in 2025 to 168, representing a compound annual growth rate of approximately 5.3%. Stable semiconductor demand and continued installation of solar power equipment are cited as the foundations for this growth.
In terms of demand structure, semiconductor and IC manufacturing is expected to be the largest source of value creation, followed by solar cells. Automotive electronics, consumer electronics, and industrial and power systems are each expected to account for a certain share of the market.
By region, Asia-Pacific is expected to be the largest market, at 68%, followed by North America at 12% and Europe at 10%, with the remainder classified as Other. The localization of production and consumption and developments in trade policy are expected to affect regional supply and demand.