Gallium: Critical Driver Shaping the Surging Demand For Consumer Electronics Boosts Demand For Gallium Market in 2025

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Gallium Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
Advancements in the gallium market have grown considerably in the last few years. It is anticipated that its market size will escalate from $2.32 billion in 2024 to a remarkable $2.87 billion in 2025, at a compound annual growth rate (CAGR) of 23.7%. The growth observed in the historic period is majorly due to contributions from the electronics sector, medical applications, solar energy ventures, and aerospace and defense industries.

Gallium Market Size Forecast: What's the Projected Valuation by 2029?
Expectations are high for the gallium market to experience significant expansion in the upcoming years. With a projected compound annual growth rate (CAGR) of 22.4%, the market is forecasted to reach a value of $6.46 billion by 2029. The anticipated growth over this period is attributable to several factors, including the rise of renewable energy, electric vehicles, advanced materials, and nanotechnology. Key trends during this forecast period are envisioned to encompass the dominance of gallium nitride (GaN), an emphasis on recycling and sustainability, development in hybrid solar cells, and innovations in healthcare.

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What Are the Drivers Transforming the Gallium Market?
The expansion of the gallium market is anticipated to be fueled by the escalating demand for consumer electronics. Gallium is an essential element in an array of electronic devices due to its incorporation in the manufacturing of gallium arsenide (GaAs) and gallium nitride (GaN) semiconductors. These semiconductors are integral to high-speed and high-performance electronic functions. As an example, LG, a consumer electronics company based in South Korea, released their annual financial report for 2022 in January 2023, demonstrating a sales hike of 12.9% from the prior year, with total sales exceeding roughly $52.70 billion. Additionally, 2022 marked another record-breaking year for the LG Home Appliance & Air Solution Company as it reported a revenue of $22.5 billion, reflecting a 10.3% growth compared to the preceding year. Consequently, the surging consumer electronics demand is propelling the gallium market.

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What Are the Key Trends Driving Gallium Market Growth?
In the gallium market, key players are concentrating on the development of innovative product solutions like gallium nitride (GaN) control integrated circuits in order to solidify their market presence. A GaN power integrated circuit (IC) merges a variety of power electronics operations into one GaN chip, thereby enhancing speed, efficiency, reliability, and cost-effectiveness. An example is the March 2023 launch of GaNSense Control ICs by Navitas Semiconductor Corporation, a U.S-based power-semiconductor company. This GaN control integrated circuit series was developed specifically to perform superiorly to usual high-voltage silicon (Si) processors by fitting higher performance within a smaller size. As per the company, gallium nitride (GaN) can operate up to 20 times faster and provide three times the charging capacity in half the size and weight.

Which Segments in the Gallium Market Offer the Most Profit Potential?
The gallium market covered in this report is segmented -

1) By Product: Gallium Nitride (GaN) Radio Frequency Devices, Opto-Semiconductors, Power Semiconductors
2) By Component: Transistors, Diodes, Rectifiers, Power Integrated Circuits, Other Components
3) By Wafer Size: 2-Inch, 4-Inch, 6-Inch, 8-Inch
4) By End-User: Automotive, Consumer Electronics, Defense And Aerospace, Healthcare, Industrial And Power, Information And Communication Technology, Other End-Users

Subsegments:
1) By Gallium Nitride (GaN) Radio Frequency Devices: GaN Amplifiers, GaN Transistors, GaN Integrated Circuits
2) By Opto-Semiconductors: Light Emitting Diodes (LEDs), Laser Diodes, Photodetectors
3) By Power Semiconductors: GaN Power Transistors, GaN Power Converters, GaN Modules

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Which Firms Dominate the Gallium Market by Market Share and Revenue in 2025?
Major companies operating in the gallium market are ArcelorMittal SA, BHP Group Limited, Rio Tinto Corp., Thermo Fisher Scientific Inc., Vale SA, Aluminium Corp of China Ltd., Glencore PLC, Sharp Corporation, CMOC Group Limited, Sigma-Aldrich Corporation, Materion Corporation, Nalco Chemical Company, DOWA HOLDINGS CO. Ltd., Indium Corporation, Umicore N.V., China Minmetals Rare Earth Co. Ltd., 5N Plus Inc., Nanjing Jinmei Gallium Co. Ltd., Strem Chemicals Inc., GEO Specialty Chemicals, American Elements Corporation, Zhuzhou Keneng New Material Co. Ltd. Inc., SMI Ltd., Fortis Metals Ltd., Nippon Rare Metal Inc.

Which Regions Offer the Highest Growth Potential in the Gallium Market?
North America was the largest region in the gallium market in 2024. The regions covered in gallium market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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