Asia Pacific High Purity Gallium (In 6N and 7N) Market
ASIA PACIFIC HIGH PURITY GALLIUM (IN 6N AND 7N) MARKET
High Purity Gallium (6N and 7N) refers to gallium with extremely high purity levels of 99.9999% (6N) and 99.99999% (7N). These materials are crucial in advanced semiconductor applications, including electronics, optoelectronics, and photovoltaics. The demand for high-purity gallium has surged due to the rapid expansion of 5G technology, electric vehicles, and compound semiconductor applications.
Market Size
Download FREE Sample of this Report @ https://www.24chemicalresearch.com/downloadsample/280039/asia-pacific-high-purity-gallium-market-2024-2030-837
The "Asia Pacific High Purity Gallium (6N and 7N) Market" was valued at US$ 92.6 million in 2024 and is projected to reach US$ 134.8 million by 2030, growing at a CAGR of 6.5% from 2024 to 2030. The increasing adoption of high-purity gallium in the semiconductor and LED industries is a major driver of this growth. In 2023, the semiconductor sector consumed 65% of the total production, followed by LED manufacturing (25%) and solar cell applications (10%)
Market Dynamics (Drivers, Restraints, Opportunities, and Challenges)
Drivers
• Growing Semiconductor Industry: The expansion of semiconductor manufacturing in China, Japan, and South Korea is a key driver, with high-purity gallium playing a crucial role in advanced chip production.
• Rise in LED Applications: The increasing demand for energy-efficient lighting solutions has led to a significant rise in the use of gallium-based LEDs.
• 5G and IoT Boom: The transition to 5G and the proliferation of IoT devices have driven demand for gallium nitride (GaN) components, which require high-purity gallium.
• Electric Vehicle Growth: Power electronics components using high-purity gallium have seen a 12% increase in demand, driven by EV industry expansion.
Growing Semiconductor Industry: The expansion of semiconductor manufacturing in China, Japan, and South Korea is a key driver, with high-purity gallium playing a crucial role in advanced chip production.
Rise in LED Applications: The increasing demand for energy-efficient lighting solutions has led to a significant rise in the use of gallium-based LEDs.
5G and IoT Boom: The transition to 5G and the proliferation of IoT devices have driven demand for gallium nitride (GaN) components, which require high-purity gallium.
Electric Vehicle Growth: Power electronics components using high-purity gallium have seen a 12% increase in demand, driven by EV industry expansion.
ASIA PACIFIC HIGH PURITY GALLIUM (IN 6N AND 7N) MARKET
• Australia
• Thailand
• Indonesia
China
India
Japan
South Korea
Australia
Thailand
Indonesia
FAQ
01. What is the current market size of the Asia Pacific High Purity Gallium market?
The Asia Pacific High Purity Gallium (6N and 7N) market was valued at US$ 92.6 million in 2024 and is projected to reach US$ 134.8 million by 2030, with a CAGR of 6.5%
02. Which companies are leading in the Asia Pacific High Purity Gallium market?
Key players include Shanxi Jinhao International Trade Co., Ltd., Dowa Electronics Materials Co., Ltd., Zhuzhou Smelter Group Co., Ltd., Korea Zinc Co., Ltd., and Jiangxi Copper Corporation.
03. What are the key growth drivers in the market?
The main growth drivers include the expansion of the semiconductor industry, increasing LED applications, growing adoption of 5G technology, and the rise of electric vehicles.
04. Which regions dominate the Asia Pacific High Purity Gallium market?
China dominates with a 55% market share, followed by Japan (25%) and South Korea (15%)
05. What are the emerging trends in the High Purity Gallium market?
Trends include the rise of gallium nitride (GaN) applications in 5G and IoT, an 18% increase in demand for 7N gallium, and a 20% boost in R&D investment for ultra-high purity refining.
Get the Complete Report & TOC @ https://www.24chemicalresearch.com/reports/280039/asiapacific-high-purity-gallium-market-2024-2030-837
