Gallium

Global Gallium Market to Reach US$35.3 Million by 2030

The global market for Gallium estimated at US$26.2 Million in the year 2024, is expected to reach US$35.3 Million by 2030, growing at a CAGR of 5.1% over the analysis period 2024-2030. Low Purity Gallium, one of the segments analyzed in the report, is expected to record a 4.0% CAGR and reach US$22.0 Million by the end of the analysis period. Growth in the High Purity Gallium segment is estimated at 7.0% CAGR over the analysis period.

The U.S. Market is Estimated at US$7.1 Million While China is Forecast to Grow at 7.9% CAGR

The Gallium market in the U.S. is estimated at US$7.1 Million in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$7.0 Million by the year 2030 trailing a CAGR of 7.9% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.5% and 5.0% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.3% CAGR.

Global Gallium Market – Key Trends & Drivers Summarized

Why is Gallium Becoming a Critical Element in Advanced Technologies?

Gallium has gained immense importance in modern technology due to its unique properties, making it an essential material in electronics, semiconductors, medical imaging, and renewable energy applications. This soft, silvery metal does not exist freely in nature but is primarily extracted as a byproduct of aluminum and zinc refining. Its low melting point (29.76°C) and high boiling point (2204°C) allow it to be used in a wide range of high-tech applications, including the production of gallium arsenide (GaAs) and gallium nitride (GaN) semiconductors. These compounds are widely utilized in optoelectronics, laser diodes, high-speed transistors, and LED lighting systems.

Gallium is also critical in solar panel manufacturing, particularly in copper indium gallium selenide (CIGS) photovoltaic cells, which offer higher efficiency compared to traditional silicon-based solar cells. The growing adoption of renewable energy solutions has significantly increased the demand for gallium, as it enables better performance and durability in thin-film solar panels. Additionally, the healthcare sector has begun utilizing gallium compounds in medical imaging, radiopharmaceuticals, and cancer treatments. With rapid technological advancements across multiple industries, gallium’s role as a strategic metal is expanding, making it a key material in next-generation electronic and energy applications.

How is Innovation in Extraction and Recycling Improving Gallium Availability?

The increasing demand for gallium has led to significant innovations in extraction, refining, and recycling technologies to improve its availability and sustainability. Since gallium is not mined directly, researchers have focused on optimizing extraction techniques from bauxite (used in aluminum production) and sphalerite (used in zinc production). Advanced solvent extraction and electrochemical deposition methods have enhanced the efficiency of gallium recovery from mining byproducts, reducing waste and increasing overall production.

Recycling of gallium from electronic waste (e-waste) has also gained traction as a sustainable method to meet rising demand. As the production of LEDs, semiconductors, and solar panels increases, so does the volume of gallium-containing waste. New hydrometallurgical and bioleaching processes have been developed to recover gallium from discarded components, ensuring a more circular economy for this critical material. Additionally, advancements in gallium purification techniques have led to the production of ultra-high-purity gallium, which is essential for semiconductor manufacturing. These innovations are helping to secure a stable gallium supply chain while reducing dependence on limited primary sources.

Which Industries and Market Segments Are Driving Demand for Gallium?

The semiconductor industry is the largest consumer of gallium, with its compounds such as gallium arsenide (GaAs) and gallium nitride (GaN) being integral to high-performance electronics. GaAs is widely used in high-frequency communication devices, including satellite communications, radar systems, and advanced computing applications. Meanwhile, GaN-based semiconductors have gained prominence in power electronics, 5G infrastructure, and electric vehicles (EVs) due to their superior efficiency and thermal conductivity.

The renewable energy sector is also a major driver of gallium demand, particularly for its role in CIGS solar panels. As global governments push for a transition toward sustainable energy, the demand for high-efficiency solar technologies has surged, further increasing the need for gallium-based materials. Additionally, the medical industry has begun utilizing gallium compounds in diagnostic imaging agents, antimicrobial treatments, and radiotherapy for cancer patients. With the continued expansion of electronics, green energy, and healthcare innovations, gallium’s market applications are expected to grow across multiple high-tech sectors.

What Key Factors Are Driving Market Growth?

The growth in the gallium market is driven by several factors, including the increasing adoption of gallium-based semiconductors, advancements in renewable energy technologies, and expanding applications in the healthcare industry. The global shift toward 5G connectivity and high-speed computing has propelled the demand for gallium-containing electronic components, particularly in power amplifiers, RF transceivers, and advanced computing chips. Additionally, the rising penetration of electric vehicles and energy-efficient power devices has further contributed to gallium’s growing market significance.

The continuous investment in gallium recycling and refining technologies has also played a crucial role in market expansion, ensuring a stable supply chain amid increasing demand. Governments worldwide are supporting research initiatives to develop alternative extraction methods and improve the efficiency of gallium recovery from industrial waste. Furthermore, as industries prioritize sustainability and energy efficiency, the adoption of gallium-based materials in LEDs, battery technologies, and advanced medical applications is expected to drive sustained market growth. With continued innovation and expanding applications, gallium is poised to remain a strategic material for the future of high-performance electronics and green energy solutions.

SCOPE OF STUDY:

The report analyzes the Gallium market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Product (Low Purity Gallium, High Purity Gallium); Application (ICs Application, Optoelectronic Devices Application, Research & Development Application)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 42 Featured) -

• 5N Plus Inc.
• AXT, Inc.
• Beijing JiYa Semiconductor Material Co., Ltd.
• Boliden AB
• Dowa Holdings Co., Ltd.
• Glencore plc
• Korea Zinc Co., Ltd.
• Metlen Energy & Metals
• Mitsubishi Chemical Corporation
• Nanjing Jinmei Gallium Co., Ltd.
• Neo Performance Materials Inc.
• Nyrstar NV
• Recapture Metals Inc.
• Sumitomo Chemical Co., Ltd.
• Teck Resources Limited
• Umicore N.V.
• Vital Materials Co., Limited
• Zhuhai Fangyuan Inc.
• Zhuzhou Keneng New Material Co., Ltd.
• Zhuzhou Smelter Group Co., Ltd.

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

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APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

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