(MENAFN- Ameliorate Digital Consultancy)
Besides the semiconductor industry, where demand is high, gallium oxide is also used by academic & research labs for research & development activities across regions. Fact.MR's report dives deep into the reasons why this market space is highly consolidated in nature, and also dwells upon the reasons why new entrants find it difficult to break into this landscape.
With a surging semiconductor industry, the Asia Pacific region will lead the growth of the global gallium market through 2030. The report goes further to elaborate on how the COVID-19 pandemic will have short- and long-term effect on this sector.
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COVID-19 Impact on Gallium Oxide Market
More than 77 million cases have been reported of COVID-19 across the globe, which has led to strict lockdowns and shutdowns of operational pants. Stringent social distancing norms have affected the production of materials across regions. As the world is coal dependent, prices of coal spiked 25% during the initial phase of the pandemic.
Since China is a leading producer of coal in the world, coal production was almost shut down, which led to increased prices. Currently, the country has recovered from the pandemic even after being the source of the virus. All in all, the gallium oxide market is gradually recovering to its original growth trajectory.
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Global Gallium Oxide Market Manufacturers: Key Strategies
The global gallium oxide market is highly consolidated in nature. Chalco, Jinmei, and Neo Performance Materials are the only key market players in tier-1, accounting for more than 70% of the global supply of gallium oxide. Major players such as Chalco are focusing on expanding overall gallium production that will help it generate more revenue from the segment.
NANJING JINMEI GALLIUM CO., LTD. has increased capital expenditure on research & development for producing more refined gallium. With the adoption of new technologies, gallium oxide market players are strategizing to stay ahead in the long run.
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Gallium Oxide Market: Segmentation
Fact.MR has studied the gallium oxide market with detailed segmentation on the basis of grade, product, application, and key regions.
Grade
Product
Alpha-Gallium Oxide Beta-Gallium Oxide
Application
Region
North America Europe Asia Pacific Rest of the World
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