Demand For Gallium Oxide Is Set To Swell 2.2X Over 2030| MENAFN.COM

Wednesday, 08 February 2023 08:09 GMT

Demand For Gallium Oxide Is Set To Swell 2.2X Over 2030


(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.

Download Free Sample Copy of This Report:

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.

Share Your Requirements & Get Customized Reports :

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.

For More Premium Insights, Check out the Link:

aprotic solvents market by product (n-methyl-2-pyrrolidone, toluene, benzene, acetone), by source (bio-based, conventional aprotic solvents), by end use, by region – global forecast 2022-2032

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

  • 4N
  • 5N
  • 6N and Above

Product

  • Alpha-Gallium Oxide
  • Beta-Gallium Oxide

Application

  • Substrates
  • Others

Region

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

Choose Quick and Secure PayPal Payment Mode to Get Full Access of This Report –

Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email:

MENAFN09012023004660010643ID1105405255


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.