How Big is the Gallium Market | Size & Forecast 2031

Q: How big is the gallium market?

The gallium market was estimated at USD 0.6 Billion in 2024 and is expected to reach USD 0.87 Billion by 2031.

Q: What is the growth rate of the gallium market?

The gallium market is expected to grow at a CAGR of 5.60% from 2025 to 2031.

Q: What drives the gallium market?

Demand for compound semiconductors, 5G, LEDs, and solar energy systems drives market growth.

Q: Who are the major players in the gallium market?

Leading companies include American Elements, 5N Plus, Vital Materials, and Umicore.

Q: How does 6W market outlook report help businesses in making decisions?

6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

Q: Do you also provide customisation in the market study?

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Code: MTA5986

Publication Date: Jul 2025

What is the size of Gallium Market?

According to 6Wresearch internal database and industry insights, the Global Gallium Market was estimated at USD 0.6 Billion in 2024 and is expected to reach USD 0.87 Billion, growing at a CAGR of 5.60% during the forecast period 2025–2031.

Due to rising demand for gallium-based semiconductors, LEDs, solar panels, and next-generation electronic and telecommunication devices, the market is predicted for the exceptional growth in the coming years.

Key Growth Drivers of the Gallium Market

Increasing demand for gallium arsenide (GaAs) and gallium nitride (GaN) semiconductors
Rising usage in LEDs, photovoltaics, and high-frequency electronics
Growing adoption of 5G infrastructure and high-speed communication devices
Expansion in defence and aerospace electronics
Technological advancements in compound semiconductor manufacturing

Gallium Market Trends

Gallium market is moving forward over the years with some major trends such as rising shifting towards gallium nitride technology due to its high efficiency and thermal stability in power electronics and RF devices. The demand of gallium is increasing in solar cell production and optoelectronics. Recycling and recovery of gallium from waste streams are gaining importance due to limited natural availability. Regionally, Asia-Pacific dominates production and consumption, with China, Japan, and South Korea as major contributors.

Emerging Developments in the Gallium Market

Gallium market is seeing new developments which include the integration of GaN materials in electric vehicles and wireless charging systems. Research is advancing into gallium-based nanomaterials for biomedical and quantum computing applications. Companies are investing in eco-efficient gallium extraction and refining technologies. Government is supporting for chip manufacturing is boosting gallium demand. Innovations are being made in gallium alloy applications for low-melting-point solutions in thermal management.