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Download Free sampleAsia Pacific High Purity Gallium (In 6N and 7N) market size was valued at USD 92.6 million in 2024 and is projected to reach USD 134.8 million by 2030, at a CAGR of 6.5% during the forecast period 2024-2030.
High purity gallium (6N and 7N) refers to gallium with 99.9999% (6N) and 99.99999% (7N) purity levels, crucial for advanced semiconductor applications in electronics, optoelectronics, and photovoltaics.
The Asia Pacific high purity gallium market is experiencing robust growth, driven by increasing demand in semiconductor and LED industries. China dominates with a 55% market share, followed by Japan at 25% and South Korea at 15%. In 2023, the semiconductor industry consumed 65% of the total production, with LED manufacturing at 25% and solar cell applications at 10%. The market saw a 18% increase in demand for 7N gallium due to advancements in compound semiconductors. Key players include Shanxi Jinhao International Trade Co., Ltd. (China) and Dowa Electronics Materials Co., Ltd. (Japan), collectively holding a 50% market share in the region. The industry is investing heavily in purification technologies, with a 20% increase in R&D spending on ultra-high purity refining processes in 2023. Challenges include supply chain vulnerabilities, with China controlling 95% of global gallium production. The trend towards 5G and IoT has driven a 15% growth in gallium nitride applications. The market is benefiting from the expansion of the electric vehicle industry, with a 12% increase in demand for power electronics components using high purity gallium.
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Pacific High Purity Gallium Market is an essential reference for who looks for detailed information on Asia Pacific High Purity Gallium (In 6N and 7N) . The report covers data on Asia Pacific markets including historical and future trends for supply, market size, prices, trading, competition and value chain as well as Asia Pacific major vendors¡¯ information. In addition to the data part, the report also provides overview of High Purity Gallium (In 6N and 7N) , including classification, application, manufacturing technology, industry chain analysis and latest market dynamics. Finally, a customization report in order to meet user's requirements is also available.
Pacific High Purity Gallium Market aims to provide a comprehensive presentation of the Asia Pacific High Purity Gallium (In 6N and 7N) , with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding High Purity Gallium (In 6N and 7N) . Pacific High Purity Gallium Market contains market size and forecasts of High Purity Gallium (In 6N and 7N) in Asia Pacific, including the following market information:
We surveyed the High Purity Gallium (In 6N and 7N) manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
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