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Gallium Market
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Gallium Market

Author: Vineet Pandey - Business Consultant, Report ID - DS1302011, Published - May 2025

Segmented in Product Form (Arsenide, Nitride, Phosphide, Others), End-User (Semiconductor, Medical, Photovoltaics, Telecommunication, Others), Production Process and Regions - Global Industry Analysis, Size, Share, Trends, and Forecast 2024 – 2034

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Global Gallium Market Outlook

The market, for Gallium was estimated at $565.3 million in 2024; and it is anticipated to increase to $1.1 billion by 2030 with projections indicating a growth to around $2.0 billion by 2035. This expansion represents a compound annual growth rate (CAGR) of 12.2% over the forecast period. The consistent growth observed in the Gallium market can be largely attributed to its range of uses in important sectors like semiconductor technology, solar energy and optoelectronics. Another key driver is the increasing demand for high speed consumer electronics products. Furthermore the rapid progress in energy efficient technologies has played a crucial role in emphasizing the importance of Gallium in today's ever changing industrial landscape. Gallium, an silvery metal plays a vital role, in numerous innovative applications. In addition to that the increasing transition to eco energy sources worldwide is also boosting market expansion and is projected to maintain the markets positive trend for Gallium, in the future.


Due to its characteristics such as low melting and high boiling points and its ability to conduct heat well while resisting oxidation effectively Gallium has undeniably played a crucial role, in multiple industrial sectors.


Market Size Forecast & Key Insights

2019
$565M2024
2029
$1.8B2034

Absolute Growth Opportunity = $1.2B

The Gallium market is projected to grow from $565.3 million in 2024 to $1.79 billion in 2034. This represents a CAGR of 12.2%, reflecting rising demand across Semiconductor Industry, Photovoltaics Industry and Light Emitting Diodes.

The Gallium market is set to add $1.2 billion between 2024 and 2034, with manufacturer targeting Medical & Photovoltaics End-User projected to gain a larger market share.

With Innovation in the semiconductors industry, and Evolution of the solar power industry, Gallium market to expand 216% between 2024 and 2034.

Opportunities in the Gallium Market

High-Growth Prospect in Solar Energy Sector

Using energy efficiently requires advancements in technology; one such innovation involves utilizing Gallium in solar cells to enhance their performance by efficiently converting sunlight into electricity.

Widespread Demand in Semiconductor Industry and Proliferating Use of Gallium in LED Production

The increasing demand for Gallium in the semiconductor industry plays a role in driving the growth of the Gallium market as it enhances the speed and capacity of electronic devices when used in semiconductors. With advancements in virtual reality technologies and the rising popularity of cloud computing and memory chips driving this sector forward in countries, like South Korea and the USA.

Gallium plays a role in the production of LEDs and opens up valuable market prospects for them due to their high performance capabilities that enhance light quality and efficiency while ensuring durability of the products. The increasing adoption of energy lighting solutions worldwide is particularly notable in countries, like India and China.

Growth Opportunities in North America and Europe

Europe Outlook

The European markets usage of Gallium is largely driven by its growing clean energy sector. European nations are increasingly leveraging Gallium in photovoltaic applications to boost the efficiency of solar panels. Moreover, EUs stringent regulations to promote green energy offer prime opportunities for Gallium usage in solar power technologies. Key players such as PVA TePla AG and Umicore hold substantial shares in the European gallium market. The rapid expansion of the regions photovoltaic industry and the push for energy efficiency are the primary drivers behind Galliums substantial European market growth.

North America Outlook

Innovation in the technology industry drives the North American market for Gallium. With its impressive properties, Gallium has become an important material in semiconductors, leading to an increased demand in the US. The evolution of the IOT and the burgeoning telecom infrastructure provide top opportunities for Gallium suppliers and producers. Companies like Cree and Sumitomo Electric are key players benefiting from this demand. North American gallium market growth is also spurred by the adoption of 5G technology, solidifying its crucial role in the telecommunication sector.

North America Outlook

Innovation in the technology industry drives the North American market for Gallium. With its impressive properties, Gallium has become an important material in semiconductors, leading to an increased demand in the US. The evolution of the IOT and the burgeoning telecom infrastructure provide top opportunities for Gallium suppliers and producers. Companies like Cree and Sumitomo Electric are key players benefiting from this demand. North American gallium market growth is also spurred by the adoption of 5G technology, solidifying its crucial role in the telecommunication sector.

Europe Outlook

The European markets usage of Gallium is largely driven by its growing clean energy sector. European nations are increasingly leveraging Gallium in photovoltaic applications to boost the efficiency of solar panels. Moreover, EUs stringent regulations to promote green energy offer prime opportunities for Gallium usage in solar power technologies. Key players such as PVA TePla AG and Umicore hold substantial shares in the European gallium market. The rapid expansion of the regions photovoltaic industry and the push for energy efficiency are the primary drivers behind Galliums substantial European market growth.

Growth Opportunities in North America and Europe

Established and Emerging Market's Growth Trend 2025–2034

1

Major Markets : China, U.S., Germany, Japan, South Korea are expected to grow at 11.0% to 14.6% CAGR

2

Emerging Markets : Indonesia, South Africa, Mexico are expected to grow at 8.5% to 12.8% CAGR

Market Analysis Chart

Gallium, a post-transition metal, has significant market drivers that majorly contribute to its increasing demand. The rampant growth of the semiconductor industry serves as a potent stimulant for Galliums market growth. Specifically, the rising emphasis on the production of high-speed electronic devices serves as a pivotal market driver for the global Gallium industry. Gallium arsenide, for instance, is predominantly used in integrated circuits and optoelectronic devices, thereby fostering the Gallium demand further.

Recent Developments and Technological Advancement

December 2024

BASF SE announced a new gallium-based compound, enhancing efficiency in semiconductor devices

Oct 2024

Rio Tinto entered a strategic alliance with GallTech Industries to explore new extraction methods for Gallium

July 2024

Nippon Steel pioneered an innovative technique for recycling Gallium from industrial waste.

Gallium, primarily produced as a byproduct of aluminum and zinc, is becoming ever more significant, with increasing applications in various industries influencing its recent market developments. The resources of this soft, silvery metal are proving critical in semiconductor technology, specifically the production of integrated circuits, light-emitting diodes , and photovoltaic devices.

Impact of Industry Transitions on the Gallium Market

As a core segment of the Metal & Minerals industry, the Gallium market develops in line with broader industry shifts. Over recent years, transitions such as Rise of Gallium in Semiconductors and Advent of Galliumbased Solar Cells have redefined priorities across the Metal & Minerals sector, influencing how the Gallium market evolves in terms of demand, applications and competitive dynamics. These transitions highlight the structural changes shaping long-term growth opportunities.

1

Rise of Gallium in Semiconductors:

Historically, gallium has been less commonly used in the fabrication of semiconductors. The industry, led by siliconbased compounds, did not only initially recognize the advantages this element could offer. However, this transition started to take place when researchers discovered that gallium compounds offered superior speed and efficiency, particularly in highfrequency applications. The impact was profound gallium arsenide and gallium nitride transformed the telecommunications industry by enabling highfrequency, fast, and energyefficient operations. This made galliumbased semiconductors the ideal choice for 5G technology, satellite communications, and even military radar systems. As a result, the demand for gallium skyrocketed, signifying the beginning of a new era in the semiconductor industry.

2

Advent of Galliumbased Solar Cells:

Another notable industry transition associated with gallium has been in the field of solar energy. Traditionally, silicon has been the goto material for solar cell manufacturing due to its abundance and lower cost.

Global Events Shaping Future Growth

The chart below highlights how external events including emerging market developments, regulatory changes, and technological disruptions, have added another layer of complexity to the Metal & Minerals industry. These events have disrupted supply networks, changed consumption behavior, and reshaped growth patterns. Together with structural industry transitions, they demonstrate how changes within the Metal & Minerals industry cascade into the Gallium market, setting the stage for its future growth trajectory.

Market Dynamics and Supply Chain

Driver: Innovation in the Semiconductors Industry, and Trends in the Lighting Industry

The increasing need for effective semiconductors is also significantly influencing the Gallium markets growth trajectory of late. This is also primarily due to its role in producing Gallium Arsenide and Gallium Nitride components in crafting fast electronic gadgets. These materials outperform silicon in various areas such as speed capabilities and resistance to heat and show greater efficiency. As a result of these attributes they are also highly desirable for use, in telecommunications, computers and defense applications.
The rise in popularity of Light Emitting Diodes for lighting purposes has also led to an increased need for Gallium in the industry. There is also a growing demand for Gallium Nitride semiconductors known for their effectiveness, in creating durable LEDs that are also utilized in residential lighting fixtures, electronic screens and car lighting setups.
The move towards using energy sources to reduce carbon emissions has also led to a rise in the utilization of Gallium for making solar panels more common these days. Solar cells made of Gallium Arsenide are also recognized for their ability to convert sunlight into electricity efficiently and are also durable in low light situations. This makes Gallium a crucial material, in the growing solar energy industry.

Restraint: Price Volatility

One of the significant challenges affecting the Gallium market is the highly variable pricing. Galliums cost is subject to cyclical fluctuations due to changing supply and demand dynamics. Its demanding extraction and refining processes influence these changes, and any disruption in these processes can have a significant impact on its price, thereby posing a risk for buyers and manufacturers who depend on gallium for production. This price unpredictability can potentially hamper market growth as it creates uncertainties in budget planning and profit forecasting for industries that heavily rely on Gallium.

Challenge: Limited Geographical Distribution

A restraining factor for the Gallium market is the limited geographical distribution. Gallium is not only found in high quantities naturally and is typically extracted from bauxite and zinc ores, which are not only uniformly distributed worldwide. Mainly concentrated in specific regions like Africa, Australia, and parts of Asia, this irregular global distribution puts certain regions at a disadvantage, limiting access to raw materials and escalating costs further.

Supply Chain Landscape

Mining & Extraction

Umicore

Nyrstar

Refinement & Processing

SciChem

Sumitomo Electric Industries

Alloy Production
Indium Corporation / RotoMetals
End User
Semiconductor / electronics / pharmaceutical
Mining & Extraction

Umicore

Nyrstar

Refinement & Processing

SciChem

Sumitomo Electric Industries

Alloy Production

Indium Corporation

RotoMetals

End User

Semiconductor

electronics

pharmaceutical

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Leading Providers and Their Strategies

Application AreaIndustryLeading Providers / ConsumersProvider Strategies
Semiconductor Compounds
Electronics
Advent Research Materials Ltd
Focusing on purity and quality to cater high-tech industries
High-temperature Thermometers
Healthcare
Sigma-Aldrich Co.
Innovating temperature measuring instruments with high precision and reliability
Optoelectronic Devices
Telecommunication
Galaxy Compound Semiconductors
Investing heavily in material science R&D to enhance the quality of optoelectronic devices
Light Emitting Diodes (LEDs)
Electronics
Freiberger Compound Materials GmbH
Implementing advanced technological processes to manufacture high-performance LEDs

Elevate your strategic vision with in-depth analysis of key applications, leading market players, and their strategies. The report analyzes industry leaders' views and statements on the Gallium market's present and future growth.

Our research is created following strict editorial standards. See our Editorial Policy

Applications of Gallium in Semiconductor Industry, Photovoltaics Industry and Light Emitting Diodes

Semiconductor Industry

Gallium arsenide is predominantly used in the semiconductor industry. This alloy enhances the efficiency of microelectronics through increased electron mobility. Gallium arsenide wafers are particularly used in power amplifiers for wireless and cellular technologies due to their superior noise elimination capability. Renowned players like Freescale Semiconductor, Northrop Grumman Corporation, and RF Micro Devices hold substantial market positions in this field, showcasing robust technical proficiencies and competitive product portfolios.

Photovoltaics Industry

In photovoltaics, a Gallium variant known as Gallium indium phosphide is applied in the creation of high-efficiency solar cells due to its broad spectrum absorption and resistance to radiation damage. Multijunction solar cells developed with this alloy are renowned for their unmatched efficiency in power conversion. Key players in this sector include Solar Junction and Boeings Spectrolab, each standing out for their advanced technological capabilities and strong market standings.

Light Emitting Diodes

The Lighting sector heavily utilizes Gallium nitride for the production of LEDs. Gallium nitride has an inherent advantage of higher energy efficiency and longer lifespan than traditional lighting solutions. Furthermore, its capabilities to produce a diverse range of colors make it ideal for application in Full-Color LED Displays and White LEDs. Nichia, Cree Inc., and Epistar are among the top successful companies in this industry, demonstrating notable strengths in performance standards, product quality, and market presence.

Gallium vs. Substitutes:
Performance and Positioning Analysis

Gallium, a versatile and resilient metal, offers better electrical conductivity and heat resistance compared to conventional elements such as Silicon. Unique in its market positioning, Gallium possesses exponential growth potential, especially in tech-focused industries. These Alternatives specially Indium has experienced a rapid growth as detailed in our latest report.

Gallium
  • Indium /
  • Aluminium /
  • Silicon
    High thermal conductivity, ability to be liquid near room temperature
    High cost, scarcity in nature
    High performance, energy efficiency
    costly, challenging to source

Gallium vs. Substitutes:
Performance and Positioning Analysis

Gallium

  • High thermal conductivity, ability to be liquid near room temperature
  • High cost, scarcity in nature

Indium / Aluminium / Silicon

  • High performance, energy efficiency
  • costly, challenging to source

Gallium, a versatile and resilient metal, offers better electrical conductivity and heat resistance compared to conventional elements such as Silicon. Unique in its market positioning, Gallium possesses exponential growth potential, especially in tech-focused industries. These Alternatives specially Indium has experienced a rapid growth as detailed in our latest report.

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Research Methodology

This market research methodology defines the Gallium market scope, gathers reliable data, and validates findings using integrated primary and secondary research. Our systematic framework ensures precise market sizing, growth trend analysis, and competitive benchmarking.


Secondary Research Approach


We begin secondary research by defining the targeted market at macro and micro levels. As part of the Metal & Minerals ecosystem, we analyze Gallium across Semiconductor, Medical, and Photovoltaics Applications. Our team gathers data systematically from country level ministerial sources, industry associations & federations, trade databases, company annual & quarterly reports and other credential sources, enabling us to map global and regional market size, pricing trends, regulatory standards, and technology advancements.



Key Sources Referenced:


We benchmark competitors such as Nyrstar, Umicore, and AMG Advanced Metallurgical Group by reviewing company financial statements, and regulatory filings. Our secondary insights identify key market drivers and constraints, forming the analytical foundation for primary research.


Primary Research Methods


We conduct structured interviews and surveys with industry stakeholders, including Mining & Extraction, Refinement & Processing, and Alloy Production. Our geographic coverage spans Americas (40%), Europe (30%), Asia-Pacific (25%) and Middle East & Africa (5%). Our online surveys generally achieve a response rate of above 65%, and telephone interviews yield 60%, resulting in above 92% confidence level with a ±7% margin of error.


Through targeted questionnaires and in-depth interviews, we capture purchase intent, adoption barriers, brand perception across Segment Type. We use interview guides to ensure consistency and anonymous survey options to mitigate response bias. These primary insights validate secondary findings and align market sizing with real-world conditions.


Market Engineering & Data Analysis Framework


Our data analysis framework integrates Top-Down, Bottom-Up, and Company Market Share approaches to estimate and project market size with precision.


Top-down & Bottom-Up Process


In Top-down approach, we disaggregate global Metal & Minerals revenues to estimate the Gallium segment, using historical growth patterns to set baseline trends. Simultaneously, in Bottom-up approach, we aggregate Country-Level Demand Data to derive regional and global forecasts, which provide granular consumption insights. By reconciling both approaches, we ensure statistical precision and cross-validation accuracy.


We evaluate the supply chain, spanning Mining & Extraction (Umicore, Nyrstar), Refinement & Processing (SciChem, Sumitomo Electric Industries), and Alloy Production. Our parallel substitute analysis examines Indium, Aluminium, and Silicon, highlighting diversification opportunities and competitive risks.


Company Market Share & Benchmarking


We benchmark leading companies such as Nyrstar, Umicore, and AMG Advanced Metallurgical Group, analyzing their capabilities in pricing, product features, technology adoption, and distribution reach. By assessing company-level revenues and product portfolios, we derive market share comparisons, clarifying competitive positioning and growth trajectories across the ecosystem.


Our integration of data triangulation, supply chain evaluation, and company benchmarking, supported by our proprietary Directional Superposition methodology enables us to deliver precise forecasts and actionable strategic insights into the Gallium market.


Quality Assurance and Compliance


We cross-reference secondary data with primary inputs and external expert reviews to confirm consistency. Further, we use stratified sampling, anonymous surveys, third-party interviews, and time-based sampling to reduce bias and strengthen our results.


Our methodology is developed in alignment with ISO 20252 standards and ICC/ESOMAR guidelines for research ethics. The study methodology follows globally recognized frameworks such as ISO 20252 and ICC codes of practice.

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Gallium Market Data: Size, Segmentation & Growth Forecast

Report AttributeDetails
Market Value in 2025USD 634 million
Revenue Forecast in 2034USD 1.79 billion
Growth RateCAGR of 12.2% from 2025 to 2034
Base Year for Estimation2024
Industry Revenue 2024565 million
Growth OpportunityUSD 1.2 billion
Historical Data2019 - 2023
Growth Projection / Forecast Period2025 - 2034
Market Size UnitsMarket Revenue in USD million and Industry Statistics
Market Size 2024565 million USD
Market Size 2027798 million USD
Market Size 20291.01 billion USD
Market Size 20301.13 billion USD
Market Size 20341.79 billion USD
Market Size 20352.01 billion USD
Report CoverageMarket revenue for past 5 years and forecast for future 10 years, Competitive Analysis & Company Market Share, Strategic Insights & trends
Segments CoveredProduct Form, End-User, Production Process
Regional scopeNorth America, Europe, Asia Pacific, Latin America and Middle East & Africa
Country scopeU.S., Canada, Mexico, UK, Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Mexico, Argentina, Saudi Arabia, UAE and South Africa
Companies ProfiledNyrstar, Umicore, AMG Advanced Metallurgical Group, JSC Corporation, SP Materials, Indium Corporation, LANXESS, American Elements, CNMC Ningxia Orient Nonferrous Metal Group Co. Ltd., Aluminum Corporation of China, Recylex and DOWA Holdings
CustomizationFree customization at segment, region or country scope and direct contact with report analyst team for 10 to 20 working hours for any additional niche requirement which is almost equivalent to 10% of report value

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Table of Contents

Industry Insights Report - Table Of Contents

Chapter 1

Executive Summary

Major Markets & Their Performance - Statistical Snapshots

Chapter 2

Research Methodology

2.1Axioms & Postulates
2.2Market Introduction & Research MethodologyEstimation & Forecast Parameters / Major Databases & Sources
Chapter 3

Market Dynamics

3.1Market OverviewDrivers / Restraints / Opportunities / M4 Factors
3.2Market Trends
3.2.1Introduction & Narratives
3.2.2Market Trends - Impact Analysis(Short, Medium & Long Term Impacts)
3.3Supply Chain Analysis
3.4Porter's Five ForcesSuppliers & Buyers' Bargaining Power, Threat of Substitution & New Market Entrants, Competitive Rivalry
Chapter 4

Gallium Market Size, Opportunities & Strategic Insights, by Product Form

4.1Arsenide
4.2Nitride
4.3Phosphide
4.4Others
Chapter 5

Gallium Market Size, Opportunities & Strategic Insights, by End-User

5.1Semiconductor
5.2Medical
5.3Photovoltaics
5.4Telecommunication
5.5Others
Chapter 6

Gallium Market Size, Opportunities & Strategic Insights, by Production Process

6.1Zinc Ore Processing
6.2Aluminum Ore Processing
6.3Scrap Processing
Chapter 7

Gallium Market, by Region

7.1North America Gallium Market Size, Opportunities, Key Trends & Strategic Insights
7.1.1U.S.
7.1.2Canada
7.2Europe Gallium Market Size, Opportunities, Key Trends & Strategic Insights
7.2.1Germany
7.2.2France
7.2.3UK
7.2.4Italy
7.2.5The Netherlands
7.2.6Rest of EU
7.3Asia Pacific Gallium Market Size, Opportunities, Key Trends & Strategic Insights
7.3.1China
7.3.2Japan
7.3.3South Korea
7.3.4India
7.3.5Australia
7.3.6Thailand
7.3.7Rest of APAC
7.4Middle East & Africa Gallium Market Size, Opportunities, Key Trends & Strategic Insights
7.4.1Saudi Arabia
7.4.2United Arab Emirates
7.4.3South Africa
7.4.4Rest of MEA
7.5Latin America Gallium Market Size, Opportunities, Key Trends & Strategic Insights
7.5.1Brazil
7.5.2Mexico
7.5.3Rest of LA
7.6CIS Gallium Market Size, Opportunities, Key Trends & Strategic Insights
7.6.1Russia
7.6.2Rest of CIS
Chapter 8

Competitive Landscape

8.1Competitive Dashboard & Market Share Analysis
8.2Company Profiles (Overview, Financials, Developments, SWOT)
8.2.1Nyrstar
8.2.2Umicore
8.2.3AMG Advanced Metallurgical Group
8.2.4JSC Corporation
8.2.5SP Materials
8.2.6Indium Corporation
8.2.7LANXESS
8.2.8American Elements
8.2.9CNMC Ningxia Orient Nonferrous Metal Group Co. Ltd.
8.2.10Aluminum Corporation of China
8.2.11Recylex
8.2.12DOWA Holdings