Press release
Global Gallium Oxide Market Is Expected To Increase In Value By 2.8 Times In 2030
The impact of the COVID-19 outbreak has compelled several manufacturers and industries to rethink their operations to gradually recover from the losses incurred for years to come. The Gallium Oxide industry suffered a huge setback due to halted production and a limited supply of raw materials.
With the vaccination process picking up pace in countries like China, India, the U.S., the U.K., and Germany, manufacturers are gradually heading towards the road to recovery with an improved supply chain and streamlined production activities.
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Gallium Oxide Market: Segmentation
Fact.MR has studied the gallium oxide market with detailed segmentation on the basis of grade, product, application, and key regions.
Grade
4N
5N
6N and Above
Product
Alpha-Gallium Oxide
Beta-Gallium Oxide
Application
Substrates
Others
Region
North America
Europe
Asia Pacific
Rest of the World
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Infrastructure Expansion in the U.S. is Fueling Demand for Gallium Oxide
The Gallium Oxide chemical industry in the U.S. suffered a huge setback due to the coronavirus outbreak in 2022, halting operations in industries such as construction, automotive, and pharmaceutical.
However, with the gradual resumption of production activities and improvements in the supply chain globally, manufacturers operating in the Gallium Oxide chemical industry are gearing up to retain the industry's post-pandemic status.
Rising demand for Gallium Oxide dispersants from the construction and oil & gas industry is driving the Gallium Oxide chemical industry in the U.S. Gallium Oxide dispersants are widely used in the construction industry, and the anticipated growth is attributable to the wide expanse of real estate in the country.
Increasing housing infrastructure projects are propelling Gallium Oxide dispersant sales, thus augmenting the growth of the Gallium Oxide chemical industry. The presence of leading players in the country is also driving sales and export in the Gallium Oxide chemical industry.
Global Gallium Oxide Market Manufacturers: Key Strategies
The global gallium oxide market is highly consolidated in nature. Chalco, Jinmei, and Neo Performance Materials are the only key market players in tier-1, accounting for more than 70% of the global supply of gallium oxide. Major players such as Chalco are focusing on expanding overall gallium production that will help it generate more revenue from the segment.
NANJING JINMEI GALLIUM CO., LTD. has increased capital expenditure on research & development for producing more refined gallium. With the adoption of new technologies, gallium oxide market players are strategizing to stay ahead in the long run.
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U.K is Capitalizing on Gallium Oxide Binders for Sustainable Construction Activities
The U.K. has been at the forefront in terms of technological advancements and the adoption of sustainable technology in production globally, which is a key factor augmenting the growth of the Gallium Oxide chemical industry.
In 2022, the country suffered huge setbacks due to the adverse effects caused by the COVID-19 pandemic. However, manufacturers operating in the Gallium Oxide chemical industry are striving to achieve the pre-pandemic status by opting for various Gallium Oxide and inHigh Purity Quartz Sand growth strategies.
In the U.K, the growth of the Gallium Oxide industry can be attributed to the surging demand for Gallium Oxide binders. The environment-friendly nature, low energy consumption, and cost-effectiveness offered by Gallium Oxide binders are key factors leading the sales and demand.
Growing urbanization and rapid increments in infrastructure activities across the country are fueling the demand for Gallium Oxide binders, thus creating lucrative opportunities for several players operating in the Gallium Oxide chemical industry in the upcoming decade.
China is Incorporating Gallium Oxide Pigments in Textiles and Visual Arts
The global hub for the Gallium Oxide chemical industry, China, is picking up pace in its post-covid recovery, due to the timely eradication of the virus. With little to no restrictions, most production-related activities have resumed across the country, acting as anchors for various local and global manufacturers.
China is a lucrative ground for the Gallium Oxide industry due to the presence of leading manufacturers and several industries such as textile, pharmaceutical, plastic, and paint. Due to the abundance of these industries, the demand for Gallium Oxide pigments is also gaining immense traction in China.
Gallium Oxide pigments are non-toxic, cost-effective, and offer good color strength, making them a favorable choice for usage in various end-use sectors. Increasing the use of Gallium Oxide pigments in plastics, textiles, paints, and coatings will continue driving the growth in the Gallium Oxide industry.
Additionally, the wide range of unique shades available in Gallium Oxide pigments makes them a preferred choice for visual arts as well. The consumption of Gallium Oxide pigments in high-tech applications such as photo-reprographics, optoelectronic displays, and optical data storage are fueling the demand for Gallium Oxide pigments and creating lucrative opportunities for players operating in the Gallium Oxide industry.
India Will Showcase High Demand for Speciality Gallium Oxide
India is emerging as a lucrative market for the Gallium Oxide chemical industries for players across the world. With gradual resumptions in the restrictions on movement, the country is slowly getting back on track to achieve post-pandemic status in the coming years.
The Gallium Oxide industry in India is capitalizing on various sectors such as paints, pharmaceuticals, adhesives, pesticides, and dyes, making it one of the most important industries in the country.
Leading players operating in the Gallium Oxide industry are focusing on enhancing their product portfolio by adding specialty chemicals such as polymer additives, water treatment chemicals, and lubricating additives, which will further drive growth and sales in the industry in the upcoming decade.
The newly discovered natural gas reserves in the country will also enable manufacturers to procure diverse Gallium Oxide and will continue augmenting the growth of the Gallium Oxide chemical industry.
Key Long-Term Trends
The global Gallium Oxide industry is gradually recovering in 2021 and is expected to gain momentum in the upcoming years. With a noteworthy surge in activities in industries such as infrastructure, construction, pharmaceutical, and oil & gas, the Gallium Oxide industry will show an upward trend in the coming years. Some new trends that are augmenting the market growth are:
Chemoinformatic
The Gallium Oxide industry will largely benefit from chemoinformatic due to various factors such as the ease of evaluating specific properties of large compounds. The use of computational and informational techniques will help manufacturers gain insights into the new and existing chemicals and how to incorporate them into Gallium Oxide chemical products.
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