Global Gallium Market Growth 2023-2029

Global Gallium Market Growth 2023-2029

Gallium is a soft, silvery metallic element with an atomic number of 31 and the chemical symbol Ga. Solid gallium has a low melting temperature (~29 degrees Celsius, or °C) and an unusually high boiling point (~2,204 °C). Because of these properties, the earliest uses of gallium were in high-temperature thermometers and in designing metal alloys that melt easily. The development of a gallium-based direct band-gap semiconductor in the 1960s led to what is now one of the most well-known applications for gallium-based products— the manufacture of smartphones and data-centric networks.

LPI (LP Information)' newest research report, the “Gallium Industry Forecast” looks at past sales and reviews total world Gallium sales in 2022, providing a comprehensive analysis by region and market sector of projected Gallium sales for 2023 through 2029. With Gallium sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Gallium industry.

This Insight Report provides a comprehensive analysis of the global Gallium landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Gallium portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Gallium market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Gallium and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Gallium.

The global Gallium market size is projected to grow from US$ 315 million in 2022 to US$ 427.5 million in 2029; it is expected to grow at a CAGR of 427.5 from 2023 to 2029.

Global Gallium Arsenide (GaAs) key players include Chinalco, Zhuhai Fangyuan, Jinjiang Group, Beijin Jiya, East Hope, etc. Global top five players hold a share about 55%.

Japan is the largest market, with a share about 35%, followed by China and North America, having a total share about 50 percent.

In terms of product, Primary gallium is the largest segment, with a share about 55%. And in terms of application, the largest application is Semiconductor industry, followed by Solar industry, Magnetic material industry, Petroleum industry catalyst, Medical device field, New materials research and testing field.

This report presents a comprehensive overview, market shares, and growth opportunities of Gallium market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Primary gallium

Secondary gallium

Segmentation by application

Semiconductor industry

Solar industry

Magnetic material industry

Petroleum industry catalyst

Medical device field

New materials research and testing field

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Chinalco

Zhuhai Fangyuan

Jinjiang Group

Beijin Jiya

East Hope

Kaiman

CNGE

INGAL Stade

PPM

Chemetall

Enrc

UC Rusal

Key Questions Addressed in this Report

What is the 10-year outlook for the global Gallium market?

What factors are driving Gallium market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Gallium market opportunities vary by end market size?

How does Gallium break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.