Europe Polysilicon Market Size & Outlook, 2026-2033

The polysilicon market in Europe is expected to reach a projected revenue of US$ 19,997.0 million by 2033. A compound annual growth rate of 11.2% is expected of Europe polysilicon market from 2026 to 2033.
Revenue, 2025 (US$M)
$8,392.7
Forecast, 2033 (US$M)
$19,997.0
CAGR, 2026 - 2033
11.2%
Report Coverage
Europe

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Europe polysilicon market, 2021-2033 (US$M)

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Europe polysilicon market highlights

  • The Europe polysilicon market generated a revenue of USD 8,392.7 million in 2025.
  • The market is expected to grow at a CAGR of 11.2% from 2026 to 2033.
  • In terms of segment, solar pv was the largest revenue generating application in 2025.
  • Solar PV is the most lucrative application segment registering the fastest growth during the forecast period.
  • Country-wise, Germany is expected to register the highest CAGR from 2026 to 2033.


Europe data book summary

Market revenue in 2025USD 8,392.7 million
Market revenue in 2033USD 19,997.0 million
Growth rate11.2% (CAGR from 2026 to 2033)
Largest segmentSolar pv
Fastest growing segmentSolar PV
Historical data covered2021 - 2024
Base year for estimation2025
Forecast period covered2026 - 2033
Quantitative unitsRevenue in USD million
Market segmentationSolar PV, Electronics (Semiconductors)
Key market players worldwideOCI NV, REC Silicon ASA, Tokuyama Corp, Wacker Chemie AG, Daqo New Energy Corp ADR, GCL Technology Holdings Ltd, Tongwei Group, Xinte Energy, Qatar Solar Technologies, Hemlock Semiconductor Operations


Other key industry trends

  • In terms of revenue, Europe region accounted for 17.0% of the global polysilicon market in 2025.
  • Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2033.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 76,179.4 million by 2033.

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Polysilicon Market Companies

Name Profile # Employees HQ Website
Hemlock Semiconductor Operations View profile 1001-5000 Hemlock, Michigan, United States, North America https://www.hscpoly.com/
Qatar Solar Technologies View profile 251-500 Doha, Ad Dawhah, Qatar, Asia http://www.qstec.com/
Xinte Energy View profile - Ürümqi, Xinjiang, China, Asia https://www.xinteenergy.com
Tongwei Group View profile 10001+ Chengdu, Sichuan, China, Asia http://en.tongwei.com/
GCL Technology Holdings Ltd View profile 12446 1 Austin Road West, Unit 1703-1706, Level 17, International Commerce Centre, Hong Kong, Hong Kong http://www.gcltech.com
Daqo New Energy Corp ADR View profile 5765 No. 838 Zhangyang Road, Room C,29th Floor, Unit 29, Huadu Mansion, Pudong, Shanghai, China, People's Republic of, 200122 https://www.dqsolar.com
Tokuyama Corp View profile 6358 7-5, Sotokanda 1-chome, Front Place Akihabara, Chiyoda-ku, Tokyo, Japan, 101-8618 http://www.tokuyama.co.jp
REC Silicon ASA View profile 376 Fornebuveien 84, PO Box 63, Lysaker, Norway, 1324 https://www.recsilicon.com
OCI NV View profile 4141 Honthorststraat 19, Amsterdam, NH, Netherlands, 1071 https://oci-global.com
Wacker Chemie AG View profile 16378 Hanns-Seidel-Platz 4, Munich, BY, Germany, 81737 https://www.wacker.com

Europe polysilicon market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to polysilicon market will help companies and investors design strategic landscapes.


Solar pv was the largest segment with a revenue share of 87.51% in 2025. Horizon Databook has segmented the Europe polysilicon market based on solar pv, electronics (semiconductors) covering the revenue growth of each sub-segment from 2021 to 2033.


The polysilicon market in Europe has witnessed substantial growth and development from 2021 to 2023, largely due to the region's increasing emphasis on renewable energy sources. As Europe strives to achieve its sustainability and climate goals, the demand for polysilicon, a critical raw material in solar photovoltaic (PV) cells, is expected to gain prominence. 

European countries have been actively investing in solar energy infrastructure, offering incentives for solar installations, and implementing supportive policies to promote the adoption of clean energy.

This funding injection, which represents a substantial increase in the budget for the commission's innovation fund, has major implications in the polysilicon industry.

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Target buyers of Europe polysilicon market databook

  • Our clientele includes a mix of polysilicon market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe polysilicon market , including forecasts for subscribers. This continent databook contains high-level insights into Europe polysilicon market from 2021 to 2033, including revenue numbers, major trends, and company profiles.

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Europe polysilicon market size, by country, 2021-2033 (US$M)

Europe Polysilicon Market Outlook Share, 2025 & 2033 (US$M)

Europe polysilicon market size, by country, 2021-2033 (US$M)

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