China, Germany, the United States, Japan, Malaysia and South Korea are the major polysilicon producing countries in the world. According to the publisher's analysis, these countries occupy an important position in the global polysilicon market. China occupies a dominant position in the global polysilicon market with its huge production capacity and output. North America, Europe and Asia-Pacific are important consumer markets for polysilicon in the world. Among them, with the attention paid by governments in Southeast Asia to renewable energy policies, the photovoltaic industry has developed rapidly, which has led to a growing demand for polysilicon.
In recent years, Vietnam's photovoltaic industry has developed rapidly. The government has promoted the investment and construction of photovoltaic projects through measures such as FIT (feed-in tariff subsidy policy) and green energy policies. According to the publisher's analysis, Vietnam has become one of the leading countries in photovoltaic development in Southeast Asia. With the expansion of the photovoltaic industry, the demand for polysilicon in Vietnam has continued to increase. In particular, the construction of large-scale solar power stations has promoted the growth of polysilicon market demand in Vietnam. However, due to insufficient polysilicon production capacity in Vietnam, most polysilicon currently still relies on imports, especially high-purity polysilicon from China, the United States and Europe.
According to the publisher's data, Vietnam's total polysilicon imports will reach US$1.026 billion in 2023. Market demand will be even stronger in 2024, with the cumulative import value of polysilicon in Vietnam from January to October approaching US$767 million, and it is expected to continue to grow in the next few years.
According to the publisher's analysis, Vietnam's main import sources of polysilicon include the United States, Germany, China, Malaysia, Hong Kong, South Korea and Japan. Among them, the United States is the primary import source of polysilicon, especially the supply of high-purity and semiconductor-grade polysilicon.
According to the publisher's analysis, the main sources of polysilicon imported by Vietnam from 2021 to 2024 are the United States, Germany and Malaysia. The main companies exporting polysilicon to Vietnam include WACKER CHEMIE AG, JA SOLAR TRADING LIMITED, SICHUAN JINKO SOLAR CO LTD etc.
The main importers of Vietnam’s polysilicon in 2021-2024 include JINKO SOLAR (VIETNAM) INDUSTRIES COMPANY LIMITIED, TRINA SOLAR (VIETNAM) WAFER COMPANY LIMITED, JA SOLAR NE VIETNAM COMPANY LIMITED etc.
Overall, Vietnam's polysilicon market is expanding with the rapid development of Vietnam's local photovoltaic and semiconductor industries, especially the growing demand for polysilicon in the solar photovoltaic field. According to the publisher's analysis, Vietnam's polysilicon production capacity is very limited, so Vietnam's polysilicon market still relies heavily on imported products.
The publisher predicts that in the long run, Vietnam has the potential to reduce its dependence on imports by attracting more investment and increasing the local production capacity of polysilicon. However, within five years, Vietnam's polysilicon imports will continue to grow. The publisher recommends that companies related to the polysilicon industry chain conduct early research on the Vietnamese market and prepare for entering the Vietnamese market.
Topics covered:
- The Import and Export of polysilicon in Vietnam (2021-2024)
- Total Import Volume and Percentage Change of polysilicon in Vietnam (2021-2024)
- Total Import Value and Percentage Change of polysilicon in Vietnam (2021-2024)
- Total Import Value and Percentage Change of polysilicon in Vietnam (January-October 2024)
- Average Import Price of polysilicon in Vietnam (2021-2024)
- Top 10 Sources of polysilicon Imports in Vietnam and Their Supply Volume
- Top 10 Suppliers in the Import Market of polysilicon in Vietnam and Their Supply Volume
- Top 10 Importers of polysilicon in Vietnam and Their Import Volume
- How to Find Distributors and End Users of polysilicon in Vietnam
- How Foreign Enterprises Enter the polysilicon Market of Vietnam
- Forecast for the Import of polysilicon in Vietnam (2025-2034)
Table of Contents
Companies Mentioned
- WACKER CHEMIE AG
- JA SOLAR TRADING LIMITED
- SICHUAN JINKO SOLAR CO LTD
- JINKO SOLAR (VIETNAM) INDUSTRIES COMPANY LIMITIED
- TRINA SOLAR (VIETNAM) WAFER COMPANY LIMITED
- JA SOLAR NE VIETNAM COMPANY LIMITED
Methodology
Background research defines the range of products and industries, which proposes the key points of the research. Proper classification will help clients understand the industry and products in the report.
Secondhand material research is a necessary way to push the project into fast progress. The analyst always chooses the data source carefully. Most secondhand data they quote is sourced from an authority in a specific industry or public data source from governments, industrial associations, etc. For some new or niche fields, they also "double-check" data sources and logics before they show them to clients.
Primary research is the key to solve questions, which largely influence the research outputs. The analyst may use methods like mathematics, logical reasoning, scenario thinking, to confirm key data and make the data credible.
The data model is an important analysis method. Calculating through data models with different factors weights can guarantee the outputs objective.
The analyst optimizes the following methods and steps in executing research projects and also forms many special information gathering and processing methods.
1. Analyze the life cycle of the industry to understand the development phase and space.
2. Grasp the key indexes evaluating the market to position clients in the market and formulate development plans
3. Economic, political, social and cultural factors
4. Competitors like a mirror that reflects the overall market and also market differences.
5. Inside and outside the industry, upstream and downstream of the industry chain, show inner competitions
6. Proper estimation of the future is good guidance for strategic planning.
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 80 |
Published | January 2025 |
Forecast Period | 2025 - 2034 |
Estimated Market Value ( USD | $ 1.12 Billion |
Forecasted Market Value ( USD | $ 1.53 Billion |
Compound Annual Growth Rate | 3.6% |
Regions Covered | Vietnam |
No. of Companies Mentioned | 6 |