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Gallium Market

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:May 2025
Datatree
Chemicals & Materials
Metal & Minerals
Gallium
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Report Summary
Table of Contents
Methodology
Market Data

Global Gallium Market Outlook

Revenue, 2024

$565M

Forecast, 2034

$1.79B

CAGR, 2024 - 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

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, Photovoltaics Industry and Light Emitting Diodes.
  • 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 $182.5 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 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.
gallium market size with pie charts of major and emerging country share, CAGR, trends for 2025 and 2032

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

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.

Market Dynamics and Supply Chain

01

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.
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

Umicore

Nyrstar

2
Refinement & Processing

SciChem

Sumitomo Electric Industries

3
Alloy Production

Indium Corporation

RotoMetals

4
End User

Semiconductor

electronics

pharmaceutical

*The illustration highlights the key stakeholders within the supply chain ecosystem.

Applications of Gallium in Semiconductor , Photovoltaics & 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.

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

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.
01

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. This industry transition is expected to add $182.5 million in the industry revenue between 2024 and 2030.
02

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.
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