According to a market report by Lucintel, the future of the global gallium market looks promising with opportunities in the ICs, optoelectronic device, and R&D markets. The global gallium market is expected to reach an estimated $57 million by 2035 from $31 million in 2027 with a CAGR of 7.3% from 2027 to 2035. The major drivers for this market are the increasing demand in electronics industry, the rising use in solar photovoltaic applications, and the growing adoption in led lighting sector.
A more than 150-page report to understand trends, opportunity and
forecast in global gallium market to 2035 by product (low purity gallium and
high purity gallium), application (ICs, optoelectronic devices, and R&D),
and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that, within the product category, high purity gallium
will remain the largest segment over the forecast period due to increasing
demand for high-performance semiconductor manufacturing.
Within the application category, IC will remain the largest segment over
the forecast period due to rising integrated circuit production demand.
Download sample by clicking on gallium
market.
In terms of regions, North America is expected to witness the highest
growth over the forecast period due to strong semiconductor innovation and
expanding electronics investments.
American Elements, China JinMuan Nonferrous Metal Group Co., Ltd., Dowa
Electronics Materials Co., Ltd., NEO Performance Materials, NICHIA Corporation,
Noah Chemicals Corporation, Reade Advanced Materials, Umicore, Vital Materials
Co., Ltd., Zhuzhou Smelter Group Co., Ltd. (ZSG) are the major suppliers in the
gallium market.
This
unique research report will enable you to make confident business decisions in
this globally competitive marketplace. For a detailed table of contents,
contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com. To get
access of more than 1000 reports at fraction of cost visit Lucintel's Analytics
Dashboard.
About Lucintel
At Lucintel, we offer solutions for
your growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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