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.
Global Gallium Market Outlook
Revenue, 2024
Forecast, 2034
CAGR, 2025 - 2034
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.
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 $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 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.
