The polysilicon market has been heavily influenced by macroeconomic, industrial, and innovation factors, all of which are positively impacting the market growth. The market is currently seeing a trend of key manufacturers increasing their production capacities. Polysilicon Market increase in growth rate is due to significant demand from specific end-use sectors, such as growth in solar cell installations, increasing investment and incentives in solar PV installations, and growth in semiconductor sales.
This decrease in the growth outlook is due to a decrease in photovoltaic cell installation and supply constraints faced by the semiconductor industry globally. However, due to significant development in the end-use industries, the market is expected to maintain its year-over-year growth during the forecast period.