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Gallium Market

The market for Gallium was estimated at $565 million in 2024; it is anticipated to increase to $1.13 billion by 2030, with projections indicating growth to around $2.01 billion by 2035.

Report ID:DS1302011
Author:Vineet Pandey - Business Consultant
Published Date:
Datatree
Chemicals & Materials
Metal & Minerals
Gallium
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Report Summary
Market Data
Methodology
Table of Contents

Global Gallium Market Outlook

Revenue, 2024

$565M

Forecast, 2034

$1.79B

CAGR, 2025 - 2034

12.2%

The Gallium industry revenue is expected to be around $634.3 million in 2025 and expected to showcase growth with 12.2% CAGR between 2025 and 2034. 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.

Gallium market outlook with forecast trends, drivers, opportunities, supply chain, and competition 2024-2034
Gallium Market Outlook

Market Key Insights

  • 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, Light Emitting Diodes, and Photovoltaics Industry.

  • Nyrstar, Umicore, AMG Advanced Metallurgical Group are among the leading players in this market, shaping its competitive landscape.

  • China and U.S. are the top markets within the Gallium market and are expected to observe the growth CAGR of 11.0% to 14.6% between 2024 and 2030.

  • Emerging markets including Indonesia, South Africa and Mexico are expected to observe highest growth with CAGR ranging between 8.5% to 12.8%.

  • Transition like Rise of Gallium in Semiconductors is expected to add $60 million to the Gallium market growth by 2030.

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

  • With

    rising demand in electronics and photovoltaic advancements, and

    Expanding Use in Advanced Aerospace and Defense Applications, Gallium market to expand 216% between 2024 and 2034.

gallium market size with pie charts of major and emerging country share, CAGR, trends for 2025 and 2032
Gallium - Country Share Analysis

Opportunities in the Gallium

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.

Growth Opportunities in North America and Europe

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.
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.

Market Dynamics and Supply Chain

01

Driver: Rising Demand in Electronics and Photovoltaic Advancements

Gallium’s adoption is also accelerating due to its critical role in semiconductors and optoelectronic devices. In electronics, gallium-based compounds, such as gallium arsenide (GaAs), are also increasingly used in high-speed transistors, LEDs, and integrated circuits, driving demand for more efficient materials. Simultaneously, the renewable energy sector is also boosting gallium consumption through photovoltaic innovations. Gallium indium phosphide (GaInP) and related alloys enhance solar cell efficiency, particularly in concentrated photovoltaic applications. These two growth factorselectronics miniaturization and solar technology efficiency complement each other, positioning gallium as an essential material for next-generation technologies in high-tech and clean energy industries.
Gallium’s unique thermal and electronic properties are also fueling its uptake in aerospace and defense sectors. It is also employed in high-frequency radar systems, satellite components, and advanced sensors, where material performance is also critical. With rising investments in defense modernization and aerospace innovation, gallium-based materials are also increasingly preferred, highlighting their strategic importance in high-value niche applications and driving market growth globally.
02

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.
03

Opportunity: 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.
04

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

1

Mining & Extraction

UmicoreNyrstar
2

Refinement & Processing

SciChemSumitomo Electric Industries
3

Alloy Production

Indium CorporationRotoMetals
4

End User

Semiconductorelectronicspharmaceutical
Gallium - Supply Chain

Use Cases of Gallium in Semiconductor & Photovoltaics

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.
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.
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.

Recent Developments

Recent developments in the gallium market show accelerating adoption of gallium nitride (GaN) and gallium arsenide (GaAs) for high‑frequency, power‑efficient semiconductors in 5G, EVs, and data centers, driving strong growth in compound semiconductor demand. Export controls and supply concentration have tightened supply chains, prompting strategic capacity expansions and recycling initiatives to stabilize access and pricing. A key trend is the rapid rise of GaN semiconductor devices and wide bandgap materials as crucial enablers of energy‑efficient electronics and next‑gen power systems.

May 2025 : Indium Corporation and Rio Tinto successfully completed first extraction of gallium from bauxite feedstock at Rio Tinto’s Vaudreuil alumina refinery in Saguenay, Quebec. This milestone demonstrates the commercial viability of a North American gallium supply chain and lays groundwork for a demonstration plant with targeted annual output of up to ~40 t, potentially accounting for 5–10 % of global supply once scaled.
Mar 2025 : Umicore unveiled a refining and recycling capacity expansion plan at its Hoboken plant, allocating significant investment (circa €100 million) to increase throughput of critical metals including gallium by‑products—from electronic and industrial scrap. This expansion supports more sustainable gallium recovery and strengthens supply resilience amid global demand growth.
Dec 2024 : Although formal press releases specific to gallium from AMG Advanced Metallurgical Group or Nyrstar are not available in that period, industry reports indicate Umicore’s expanded strategic footprint and recycling infrastructure, laying a foundation in 2023 that directly supports later gallium recovery efforts and circular processing of critical metals.

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 Integration into Renewable Energy Technologies 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.
01

Rise of Gallium in Semiconductors

The transition towards gallium-based semiconductors marks a pivotal shift in the industry, driven by the element's superior performance in high-frequency applications compared to traditional silicon-based compounds. With gallium arsenide and gallium nitride leading the charge, these materials are revolutionizing telecommunications, particularly in enabling the rapid deployment of 5G technology, satellite communications, and military radar systems. This surge in demand is projected to contribute an impressive $60 million to the gallium market growth by 2030, underscoring the strategic importance of gallium in the semiconductor landscape. As the industry embraces these advanced materials, gallium is poised to redefine operational efficiency and speed, solidifying its role as a cornerstone of next-generation technology.
02

Integration into Renewable Energy Technologies

Gallium’s role in photovoltaic and LED technologies marks a significant industry transition toward high-efficiency energy solutions. Gallium alloys improve solar cell conversion rates and LED performance, leading to greater adoption in utility-scale solar farms and commercial lighting. This transition drives cross-industry collaboration between electronics manufacturers and renewable energy providers, boosting gallium demand while supporting the global energy transition.