The global polysilicon market size by volume was 585.6 tons in 2021. The market is anticipated to expand from 664.1 tons in 2022 to 1,718.0 tons by 2029, exhibiting a CAGR of 14.5% over the estimated period. The rise is being driven by the rising product deployment in the manufacturing of solar cells.

Source: https://www.fortunebusinessinsights.com/polysilicon-market-102197

This information is provided by Fortune Business Insights™ in its research report, titled “Polysilicon Market, 2022-2029”.

COVID-19 Impact:

Market Value Affected due to Disruptions in Supply Chains

The COVID-19 pandemic led to the imposition of lockdown restrictions, disrupting supply chains across various end-use sectors. The market growth was further impacted by raw material and workforce shortages, trade restrictions, logistical challenges, and freight container shortages. The period also recorded a considerable gap between demand and supply, affecting revenue expansion to a certain extent.