Mexico Polysilicon Market Size & Outlook, 2026-2033
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Mexico polysilicon market highlights
- The Mexico polysilicon market generated a revenue of USD 866.4 million in 2025 and is expected to reach USD 2,024.1 million by 2033.
- The Mexico market is expected to grow at a CAGR of 10.9% 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.
Polysilicon market data book summary
| Market revenue in 2025 | USD 866.4 million |
| Market revenue in 2033 | USD 2,024.1 million |
| Growth rate | 10.9% (CAGR from 2026 to 2033) |
| Largest segment | Solar pv |
| Fastest growing segment | Solar PV |
| Historical data | 2021 - 2024 |
| Base year | 2025 |
| Forecast period | 2026 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solar PV, Electronics (Semiconductors) |
| Key market players worldwide | OCI 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, Mexico accounted for 1.8% of the global polysilicon market in 2025.
- Country-wise, China is expected to lead the global market in terms of revenue in 2033.
- In North America, U.S. polysilicon market is projected to lead the regional market in terms of revenue in 2033.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 16,484.3 million by 2033.
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Polysilicon Market Scope
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 |
Mexico 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 87.82% in 2025. Horizon Databook has segmented the Mexico polysilicon market based on solar pv, electronics (semiconductors) covering the revenue growth of each sub-segment from 2021 to 2033.
An increase in solar panel installations across the region has led to an increase in demand for polysilicon, which is used in the manufacturing of solar cells and modules. For instance, according to the Solar Energy Industries Association, 48,884 solar infrastructure of 1,601 MW were installed in 2022.
Furthermore, the incentives and subsidies provided by the Mexican government in order to promote the adoption of renewable energy, including solar power, is propelling the demand for polysilicon for manufacturing solar PV panels.
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Our clientele includes a mix of polysilicon market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico polysilicon market , including forecasts for subscribers. This country databook contains high-level insights into Mexico polysilicon market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
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Mexico polysilicon market size, by application, 2021-2033 (US$M)
Mexico Polysilicon Market Outlook Share, 2025 & 2033 (US$M)
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