Pune, India -- (SBWIRE) -- 03/21/2019 -- The Gallium Market's segment market shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates. Each segment represented visually with supporting reasons to justify the growth rates. IGR's report also covers drivers and restraints in the gallium market.

Infinium Global Research's report covers the annual growth of the Global gallium market. It also includes chapters on the Global gallium industry trends, geographic analysis, and competitive landscape.

The report also includes a SWOT analysis to present the indicators of strength, weakness, prospects, and risk of the market until the completion of the projection period in 2024.

Gallium Market: Industry Insights

Gallium is a silvery, glass-like, soft metal. It is soluble in acids & alkalis and partly soluble in mercury. It is mainly used in the compound form, either as gallium arsenide (GaAs) or as gallium nitride (GaN). It is used as an electrochemical in semiconductors, diodes, photovoltaic cells, and integrated circuits. Gallium nitride is used in the manufacturing of LED lighting while gallium arsenide is use3d in smartphones and other handset devices.

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Gallium Market: Drivers and Restraints

The growth in demand for gallium metal in the electronics industry is driving the market. Further, due to its properties such as wettability and electrical conductivity, it is widely used in manufacturing chips and wafers in microelectronics. Additionally, growing awareness regarding solar powered devices also projected to grow the demand for photovoltaic cells. Increasing demand for a photovoltaic cell, microelectronics, and semiconductors in the electronics industry is further expected to boost the demand for gallium. Furthermore, the growing demand for gallium in medical and radiopharmaceutical for the treatment of carcinogenic disorders provides beneficial opportunities for the gallium market over the upcoming year.

Gallium Market: Segmentation

The report on global gallium market is segmented into product type, form type, and application. The product type segment is further bifurcated into nanoparticles, alloys, and oxides. The form type includes powder, ingot, and pellets. The application segment is a further segmented catalyst, semiconductors, photovoltaic cells, LEDs, and semiconductors. Among the applications, the semiconductor segment holds a significant share in the gallium market owing to its growing application in electronic devices and the growing expansion of the electronics industry.

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Gallium Market: Regional Insights

The Asia Pacific dominates the global gallium market. China is the key player in the Asia Pacific gallium market. China is the largest refiner of aluminum and the world's largest sources of refined gallium. Chinese production accounts for the majority of the 300 to 400 metric tons of refined gallium every year. In addition, the expansion of the electronics industry in Asian countries such as China, India favors the growth of the Asia Pacific gallium market. North America holds the second largest share in the gallium market due to the high consumption of electronic products such as LED and mobile phones.

Gallium Market: Competitive Analysis

The gallium market is a consolidated market. the prominent players in the gallium market include DOWA HOLDINGS Co., Ltd, ABSCO Materials, Shin-Etsu Chemical, Nippon Rare Metal, Zhuzhou Smelter Group Co., Ltd., Vital Materials Co., Ltd., ZhongNuo Advanced Material (Beijing) Technology Co., Ltd., GELEST, INC., Shinko Chemical Co., Ltd., and 5N Plus.

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