The globalpolysilicon market sizeby volume was585.6 tonsin 2021. The market is anticipated to expand from664.1 tonsin 2022 to1,718.0 tonsby 2029, exhibiting aCAGR 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 byFortune Business Insightsin its research report, titledPolysilicon 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.
