Gallium Market Size Worth USD 56.13 Billion by 2034 | CAGR: 7.9%

The gallium market size is expected to reach USD 56.13 Billion by 2034, according to a new study by Polaris Market Research. The report “Gallium Market Size, Share, Trends, Industry Analysis Report By Product Type (Transistors, Diodes, Rectifiers, Power ICs, and Others), By End-user Industry, and By Region – Market Forecast, 2025–2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Gallium is a crucial material used across electronics, semiconductors, optoelectronics, and photovoltaic applications, enabling high-performance devices with superior electrical and thermal properties.

Questions? Request a sample or make an inquiry before buying this report by clicking the link below: https://www.polarismarketresearch.com/industry-analysis/gallium-market/request-for-sample

The market growth is primarily driven by the increasing demand for advanced electronic components, expanding applications in renewable energy and LED technologies, and continuous innovations in gallium-based materials that improve efficiency, reliability, and device performance.

Gallium Market Report Highlights

• Based on product type, the diodes segment dominated the market in 2024, driven by widespread deployment in high-frequency, high-efficiency circuits across telecommunications, LED lighting, and consumer electronics.
• In terms of end-user industry, the consumer electronics segment held the largest share in 2024, fueled by increasing demand for smartphones, high-performance computing devices, and advanced LED displays that rely on gallium-based semiconductors.
• Asia Pacific is accounted for largest market share in 2024, driven by rising demand for solar energy solutions utilizing gallium arsenide (GaAs) solar cells and the growing adoption of electric vehicles requiring gallium-based power electronics.
• North America is expected to grow at the fastest CAGR, supported by aerospace and defense applications utilizing gallium-based materials.
• Key players in the global market include American Elements, China JinMuan Nonferrous Metal Group Co., Ltd., Dowa Electronics Materials Co., Ltd., Neo Performance Materials Inc., NICHIA Corporation, Noah Chemicals Corporation, Reade Advanced Materials, Inc., Recylex S.A., Showa Denko K.K., Teck Resources Limited, Umicore N.V., Vital Materials Co., Ltd., Zhuzhou Smelter Group Co., Ltd. (ZSG), Zhuzhou Keneng New Material Co., Ltd., and Zhuzhou Tongda Nonferrous Metals Co., Ltd.

Polaris Market Research has segmented the market report based on product type, end-user industry, and region:

By Product Type Outlook (Revenue, USD Billion, 2020–2034)

• Transistors
• Diodes
• Rectifiers
• Power ICs
• Others

By End-User Industry Outlook (Revenue, USD Billion, 2020–2034)

• Automotive
• Consumer Electronics
• Defense and Aerospace
• Industrial and Power
• Others

By Regional Outlook (Revenue, USD Billion, 2020–2034)

• North America
  • US
  • Canada
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Netherlands
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Malaysia
  • South Korea
  • Indonesia
  • Australia
  • Vietnam
  • Rest of Asia Pacific
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Israel
  • South Africa
  • Rest of Middle East & Africa
• Latin America
  • Mexico
  • Brazil
  • Argentina
  • Rest of Latin America